Best Crypto Exchange for Day Trading

Kraken is surely worth being on this best crypto exchanges for day trading list. Not only does it offer access to a number of different coins, but its advanced order types make it an ideal platform for both beginners and experienced traders.

It offers some of the most competitive prices and trading tools on the market, which made it rise to this position on our list of the best crypto day trading platforms.

Overall, Kraken's biggest selling point lies in affordability – its charges start at an amazing 0% when opening new positions (placing orders). This makes it ideal for day traders who want to open multiple positions quickly without facing high costs along the way.

Also, note that trades are executed rapidly due to Kraken's technology, meaning that even large trades can be completed swiftly. This greatly reduces risk when it comes to sudden changes in market prices, which could be a problem if trades were delayed.

Another attractive feature of Kraken for day traders is its high liquidity, which ensures that orders are executed quickly and with minimal slippage.

But why does that matter? Well, slippage is the difference between an expected trading price and the actual price at which the trade is executed. And, let's be honest, no one likes surprises when it comes to paying for something. So, naturally, you want to have very minimal slippage when day trading. 

Moving further, note that, even though Kraken offers a user-friendly platform, it still has advanced charting tools and indicators, making it easier for traders to analyze market trends. To be considered the best crypto exchange for day trading, features like easy-to-nagivate interface are surely of extreme importance.

Kraken also offers a margin trading feature with up to 5x leverage. If those words sound like another language, let me explain!

Essentially, margin trading is when a trader borrows funds from lenders inside the platform to invest more than their own funds allow them. Meanwhile, leverage is the increased “trading power” that is available when using a margin account. It is written as a ratio between the amount of assets you actually have and the amount of asset you can trade.

Now, it should also be noted that Kraken has a great reputation when it comes to customer support. It has a team of knowledgeable professionals, which is fully available to assist traders with any issues or questions they may have.

This is especially important for day traders who need to be able to act quickly and efficiently in response to market changes.

Overall, Kraken is an excellent choice for day traders who value low fees, high liquidity, one of the best day trading platform crypto tools, and top-notch security. Besides, its margin trading feature and high leverage make it especially attractive to traders who want to maximize their returns.

Coinbase is a strong contender for the best crypto exchange for day trading title, offering great features for day traders. The platform was designed specifically with security in mind. For instance, all customer funds are stored offline in cold storage wallets, meaning they're not vulnerable to hackers or fraudsters online.

By the way, if you want to keep your own funds in a cold sotrage wallet, I suggest checking out Ledger Nano X – one of the most secure hardware wallets.

Getting back to Coinbase, it also employs advanced security protocols such as 2FA, email verification, and insurance protection to help protect user accounts even further.

Now, of course, when picking the right platform for day trading, it's important to find one that offers the best day trading platform crypto tools. 

Coinbase, for example, offers a feature called Advanced Trade. It's a section of the platform that offers advanced charting and trading tools. Besides, the Advanced Trade feature has more options regarding limit orders and trailing stops, which can be really useful for day traders.

Now, while Coinbase fees may be a bit higher comparing it to some other exchanges, it is partially offset by its enhanced security and fast order execution times. Besides, it offers a variety of payment methods including debit / credit card purchases and direct bank transfers that make it convenient for day traders around the world.

Another feature that puts Coinbase among the best crypto exchanges for day trading is its commitment to compliance and regulation. Coinbase is fully licensed and regulated in multiple jurisdictions, including the United States, Europe, and Asia. It works closely with regulators to ensure that it is fully compliant with all applicable laws.

For this and other reasons, Coinbase is seen as a safe and reliable choice for day traders who want to trade with more confidence.

Additionally, note that using Coinbase for crypto day trading is worth it even more with its user-friendly mobile app. The app is available for both iOS and Android devices, and it offers all of the features and functionality of the desktop platform, including real-time price updates, charting tools, and order management.

What is especially useful, though, is that Coinbase app allows notification alerts. Thus, users can set price notifications, which can be very useful for day traders who need to stay on top of market movements throughout the day. With its intuitive interface and powerful features, the Coinbase mobile app is a great tool for day traders who want to stay connected to the market on the go.

To sum up, Coinbase is a top choice for day traders looking for a secure, fast, and user-friendly platform with a wide selection of popular cryptocurrencies.

Bitstamp is an exchange that provides a simple and secure platform for day traders. One of the main advantages of Bitstamp is its competitive fee structure. This makes it impossible to ignore when considering a list of contenders for the best crypto exchange for day trading.

In addition to that, Bitstamp enables trades of USD, EUR, and GBP, as well as deposits and withdrawals via PAX and USD Coin. These features, along with multiple cryptocurrencies on the platform, add up to the variety of trading pairs and a user-friendly interface, making it a force to be reckoned with.

Another noteworthy aspect of Bitstamp is its commitment to regulatory compliance. It is one of the few crypto exchanges that are fully licensed and regulated. This gives day traders greater peace of mind when it comes to the security and integrity of their trades. Besides that, it's important to note that the regulations are applied around both – fiat and crypto.

Moreover, Bitstamp is partnered with major financial institutions such as Swissquote and Bank Frick, allowing for easy fiat-to-crypto transactions and improved liquidity. This not only opens up more opportunities for day traders, but also adds to Bitstamp's overall credibility as a reliable exchange.

Lastly, note that Bitstamp’s customer support team responds quickly via various channels, including social media platforms like Twitter & Telegram. So, if you face any problems with your day trades, you won't be left hanging.

To sum up, Bitstamp earned a spot on this best crypto for day trading platform list thanks to its versatility and a reasonable fee structure. In addition, it has a reputation for being a reliable tool for people who value transparency and regulatory compliance.

Huobi is another popular crypto exchnage that is worth your attention if you're searching for the best crypto exchange for day trading. Why? For many reasons! It has a huge variety of supported crypto assets, low trading fees, and it's really easy to use.

Talking about crypto asset variety, as of writing, Huobi offers more than 700 cryptocurrencies that you can buy, sell, and trade. That's insane! This includes both – the most popular crypto assets and some less-known crypto coins. You'll definitely find many assets that are great for day trading on Huobi.

Another great thing about Huobi is its low trading fees. In fact, it offers some of the best prices on the market. It has a tiered fee model where the fees depend on the amount of Huobi tokens (HT) you own. The maximum fee is 0.2%, and it just goes lower with every tier.

Besides that, for professional traders, there is a maker-taker-based fee structure. Here, fees are based on your trading volume, as well as HT holdings. For makers, fees go as low as 0.0097%, while for takers, they go as low as 0.0193%.

Now, we have a huge variety of assets and super-low trading fees. Why else is Huobi one of the best crypto exchanges for day trading? Because it employs strong and efficient security measures. For one, it insures all users' funds with the Huobi User Protection Fund. So, if anything goes south, you will be compensated for any losses.

Besides that, around 98% of funds on Huobi are stored in cold storage. This basically means that there are not many chances of your funds being stolen by hackers. Why? Because cold storage devices are physical devices that are not connected to the internet. So, to steal your funds, a hacker would have to steal the device itself.

Additionally, Huobi provides traders with live customer support that works 24/7. Thus, if you run into any problems while day trading, you'll quickly get a response. This is quiet an important thing for day traders because, as the saying goes, time is money.

All in all, Huobi definitely deserves a spot on this best crypto exchange for day trading list. It has very low fees, a huge collection of cryptocurrencies, strong security, and live customer support.

Uphold is a digital money platform that allows users to buy, sell, and trade a wide range of assets, including cryptocurrencies, fiat currencies, and even some precious metals. Founded in 2013 by Halsey Minor, Uphold aims to make financial services more accessible and transparent.

The platform supports more than 300 different cryptocurrencies, including popular ones like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as many lesser-known altcoins.

One of its key features is the ability to trade directly between different asset classes in a single step. For example, you can easily exchange Bitcoin (BTC) for gold or US dollars for euros without multiple transactions or conversions.

In terms of crypto investment, Uphold also offers staking, allowing you to lock up your assets and receive rewards of up to 17.6% APY. As of now, Uphold supports 19 digital assets on its staking platform.

Uphold is known for its transparency, publishing its assets and liabilities every 30 seconds for anyone to see. This "100%+ reserve" model aims to assure users that their funds are safe and available. The platform also has SOC 2 Type 2 and ISO 27001 certifications, which further enhances its credibility and demonstrates its commitment to secure and reliable operations.

Disclaimer: don’t invest unless you’re prepared to lose all the money you invest.

Crypto.com is a prominent player in the cryptocurrency world, offering a comprehensive suite of financial services centered around digital assets. Founded in 2016, the platform has grown rapidly, boasting a user base of over 100 million by mid-2024.

Crypto.com provides a user-friendly app for buying, selling, and trading around 400 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and many altcoins. Beyond its exchange services, Crypto.com offers a non-custodial DeFi wallet, an NFT marketplace, and even a direct payment service for cryptocurrency transactions.

One of Crypto.com's most recognizable features is its Visa card, which allows users to earn cashback in CRO, the platform's native token, on their everyday spending. The card comes in various tiers, each offering different levels of rewards and perks, such as rebates on streaming subscriptions and airport lounge access.

Crypto.com also takes security seriously. It holds all customer assets deposited on our platform in institutional-grade reserve accounts on a 1:1 basis. Users’ accounts are protected by the latest security advancements, including Passkeys, HSMs, and FIDO2, as well as MFA methods like passwords, biometrics, and authenticator codes.

It also runs an active bug bounty program on Hacker One, where people can disclose security vulnerabilities on the platform and get rewards.

BYDFi is a cryptocurrency exchange platform that aims to provide a user-friendly experience for both novice and experienced traders. While relatively newer compared to some established giants, BYDFi has focused on offering a diverse range of trading options. Some of BYDFi’s key features include:

• Spot Trading: Buy and sell cryptocurrencies at current market prices.
• Derivatives Trading: Trade cryptocurrency futures and options contracts.
• Copy Trading: Automatically replicate the trades of experienced traders.
• Mobile App: Trade on iOS and Android devices.
• Educational Resources: Guides and tutorials for learning about crypto trading.
• Trading Bots: Use automated tools to trade cryptocurrencies like a pro.

The platform supports more than 400 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). BYDFi also aims to provide competitive trading fees by offering a flat maker/taker rate of 0.1% on its spot trading platform.

When it comes to security, BYDFi implements essential measures to ensure users' data and funds safety. It uses Amazon Web Services, multi-factor authentication and hardware verification, as well as SHA512 with 512-bit encryption to protect the system. Users can also use two-factor authentication (2FA) using Google Authenticator and SMS to protect their accounts.

Gemini is a prominent cryptocurrency exchange established in 2014 by Cameron and Tyler Winklevoss with its headquarters in New York. It caters to both novice and experienced traders, offering a secure and user-friendly platform for buying, selling, and storing digital assets.

Currently, Gemini supports around 70 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and some meme coins like Shiba Inu (SHIB) and Pepe (PEPE). While this list is relatively limited to other big names in the market, it still allows users to diversify their portfolios and explore other investment opportunities.

The platform is known for its user-friendly interface, making it easy for newcomers to buy, sell, and manage cryptocurrencies. For more experienced users, Gemini provides ActiveTrader, a platform with advanced charting tools, multiple order types, and faster order execution.

Another notable feature is Gemini Earn, which allows users to earn interest on their cryptocurrency holdings. Security is also a cornerstone of Gemini's operations. The exchange implements robust measures to protect user assets and data, including:

• Cold Storage: The majority of user funds are stored in offline, air-gapped cold storage systems, safeguarding them from online threats.
• Two-Factor Authentication (2FA): Users are required to enable 2FA, adding an extra layer of security to account access.
• SOC Certifications: Gemini has achieved SOC 1 Type 2 and SOC 2 Type 2 certifications, demonstrating its commitment to industry-leading security standards.
• Insurance Coverage: Digital assets held in Gemini's hot wallet are insured against security breaches and fraudulent transfers.

All in all, Gemini stands out as a reliable and secure cryptocurrency exchange, offering a comprehensive suite of features tailored to meet the needs of a diverse user base.