(Last Updated On: January 17, 2024)
In this guide, we will go over some of the best crypto exchanges for day trading cryptocurrency based on factors such as fees, liquidity, user interface, and more!
Quick look: Best Exchanges for Day Trading
Binance
Binance, the world’s largest exchange by volume, offers low trading fees and advanced transaction options such as margin and spot trading. According to CoinMarketCap’s liquidity score of 844, it is a highly liquid platform for investors.
Some users have found Binance’s interface challenging to use, making it better suited for experienced investors. The platform also boasts low fees ranging from 0.00-0.05%. However, it is not available in the US and Canada. Alternatively, American investors can use Binance.US, which has fewer features compared to the main platform.
Kraken
Established in 2011, Kraken is one of the oldest cryptocurrency exchanges in America. The platform offers competitive fees and high liquidity, making it a top choice for traders. According to CoinMarketCap’s Liquidity Score, Kraken received a score of 748.
Kraken is fairly easy to use for new investors. Kraken Pro has advanced charting tools and asset details for experienced investors!
Kraken charges a flat fee for the ‘Instant Buy’ feature of the platform. However, Kraken Pro traders pay only 0.26% fees. Kraken is available in the United States, Canada, and other countries.
CoinRabbit
CoinRabbit is an excellent option for individuals seeking affordability and privacy. It is the premier anonymous crypto exchange available worldwide! Seamlessly accessible from anywhere in the world. With low fees of only 0.4%, we aim to make trading accessible and affordable for all investors. CoinRabbit work with a number of exchanges that’s why it has liquidity of the several platforms at the same time.
We are committed to providing our users with a seamless trading experience. Fast transaction speeds and 24/7 customer support is always available to assist with any inquiries. Using CoinRabbit you can not only swap or use crypto wallet for storing assets , but use our crypto loans and earn program. That’s make CoinRabbit one of the Best Crypto Exchanges for Day Trading.
Bybit
As one of the best crypto derivative exchanges in the world, ByBit offers crypto derivatives and allows you to trade crypto with up to 100x leverage!
CoinMarketCap Liquidity Score: 651 User interface: ByBit is considered easy to use. There are plenty of advanced features on the platform! Fees are between -0.025 – 0.075%! However, ByBit is not available in the US either.
Coinbase Advanced
Introducing Coinbase Advanced – a completely free platform designed for experienced crypto traders. It’s important to mention, that standard Coinbase platform may have higher fees, users can enjoy reduced fees of up to 0.6% on Coinbase Advanced.
KuCoin
Known for its wide range of coins and tokens, KuCoin is a renowned cryptocurrency exchange that also boasts advanced features such as futures and margin trading. With a CoinMarketCap Liquidity Score of 591, some users may find navigating KuCoin challenging, especially new ones. Additionally, the exchange has received low customer satisfaction ratings on platforms like Trustpilot. However, one aspect that stands out about KuCoin is its low fees, ranging from 0.005% to 0.1%. As of 2023, KuCoin is not accessible in the US.
MexC
With a CoinMarketCap Liquidity Score of 516, MexC ensures a seamless user experience – its interface is user-friendly and caters to the needs of day traders with advanced charting tools! The fees offered by MexC are highly competitive – typically capped at 0.01%. While currently available in multiple countries, including the US and Canada, there is a possibility that MexC may face scrutiny from regulators in the future due to its KYC policies.
OKX
TradingView integrates with the platform, allowing you to use advanced charting to inform your trading decisions. Also OKX has an easy-to-use interface, as well as charting tools for experienced traders. CoinMarketCap Liquidity Score: 620. Fees may vary and start from 0.1% , with lower fees available for larger volumes. OKX is not available in the United States, only non-US investors can use it
Pionex
Although it may not have the same level of recognition as other exchanges on this list, Pionex is a good choice for traders seeking automated trading options. With its array of trading bots, Pionex allows for effortless trades to be made on your behalf. Additionally, the platform has recently introduced PionexGPT, an AI solution that assists in testing and refining trading strategies. As for fees, Pionex charges 0.05%, but VIP users can access lower fees. As far as user experience goes, Pionex prides itself on being user-friendly with its trading bots not requiring any programming knowledge. Finally, individuals located in the US and Canada can easily access Pionex’s services..
Crypto.com
Crypto.com is an exchange, renowned in the US for securing the naming rights to the Los Angeles Lakers’ arena! While it does not currently offer margin and derivative trades, its fees are relatively low. Traders with a monthly volume below $250,000 can enjoy fees 0.075%. In terms of user experience, Crypto.com boasts an easy-to-use interface; however, its ratings on platforms such as Trustpilot may suffer due to reported delays in customer support. It is also worth noting that Crypto.com has a wide reach and is available in more than 100 countries, including the US and Canada.
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- Source: https://coinrabbit.io/blog/the-10-best-crypto-exchanges-for-day-trading-2024/
