11 Best Crypto Exchanges for Day Trading in 2024

M2 has all of the standard features of a mature trading platform. It has an advanced trading interface with an order book and special order types, perpetual futures crypto contracts, and OTC and margin trading. It is one of the top exchanges for crypto day traders because of its services for institutional traders and OTC desk support.

INX places a strong emphasis on regulatory compliance and has secured a range of licenses, including Money Transmitter licenses across numerous U.S. states, as well as licenses from the SEC (U.S. Securities and Exchange Commission) and FINRA (Financial Industry Regulatory Authority) as a Broker Dealer and Alternative Trading System operator. This adhrerence to regulation gives customers a high degree of confidence when trading on INX

YouHodler is one of the best crypto exchanges for day trading because of its features and user-friendly approach to crypto trading. We chose YouHodler because the platform is designed to help traders manage risk while optimizing their potential for high returns, which is particularly crucial in the volatile cryptocurrency market.

One of YouHodler’s most significant features is its Multi HODL tool, a function not available on many cryptocurrency trading platform. The Multi HODL feature allows traders to maintain 80% of their assets in YouHodler Savings Accounts, which are risk-free, and use the remaining 20% for trading experiments. This split offers a safety net for users, allowing them to engage in trading while still having the majority of their assets secured.

Traders using YouHodler’s platform can customize their levels of risk and profit, giving them more control over their trading strategy. This means that traders can experiment with the 20% of their assets allocated for trading until they discover the right balance between risk and reward for their personal trading style.

YouHodler offers additional benefits to the average crypto trader, including no rollover fees and more flexibility. These features make it an attractive option for day traders looking to maximize their profits while minimizing their costs.

YouHodler also allows you to trade at extremely low fees. For instance, if you open and close a trade within 30 mins, you won’t pay a trading fee.

As the largest cryptocurrency exchange on the market, Binance is considered one of the best crypto exchanges for day trading. The platform’s high liquidity makes it highly attractive for scalping trades. It also offers advanced trading order types, charting tools, deep order books, and high trade execution speed.

Binance supports both basic crypto swapping and advanced trading mechanisms for speculative traders. It also supports copy trading, allowing users to subscribe and benefit from the best crypto day trading strategies, including algorithmic trading. Traders can trade a variety of pairs on the spot market with margins of up to 10x.

Binance has an extensive range of products such as staking, margin trading, saving accounts with interest, NFT marketplace, Launchpad, mining pools, swap mining, liquidity mining, crypto loans, dual investment trading, and many others. This gives day traders the tools they need to succeed and diversify their investments.

Users can deposit fiat or buy crypto directly with fiat using various methods, including credit/debit cards and bank transfers. Binance US allows traders to trade directly against the USD.

Binance also features a peer-to-peer trading platform, an OTC trading platform, Binance Smart Chain for building DApps, and APIs for institutional traders to customize their trading.

Bybit is widely recognized as one of the best platforms for crypto day trading. We chose Bybit because it offers a wide variety of order types, including limit orders, market orders, stop limit orders, and trailing stop orders. This diverse selection provides day traders with more options for managing their positions than many other exchanges.

Bybit provides low fees across all markets, coupled with high liquidity levels. This ensures efficient and quick trade execution with minimal associated costs, which is crucial for the rapid transactions often involved in day trading. Additionally, Bybit stands out as a platform for experienced day traders seeking opportunities beyond basic buy/sell orders. It’s one of the leading derivatives exchanges designed for those who want to trade with leverage using futures contracts. Futures contracts are agreements to buy or sell an asset at a specific future date and price, allowing traders to speculate on the price of an asset without owning it, hence profiting from both rising and falling prices.

Bybit sets itself apart by focusing on perpetual futures contracts, similar to traditional futures contracts but without an expiry date. This feature allows traders to hold their positions indefinitely. Notably, Bybit offers leverage of up to 100x on these perpetual contracts.

eToro stands as one of the best platforms for crypto day trading due to its ease of use. It offers an intuitive interface suitable for both beginners and experienced traders, accessible via web browsers and also available as an app. As a result, we chose eToro for its social trading features, which is useful for novice and pro traders.

eToro has integrated essential functions such as one-click trading, TipRanks research, and a professional-grade technical analysis tool. It also offers unique features like the ‘Smart Portfolio’, which provides ready-made investment strategies for day traders, and the opportunity to become a ‘Popular Investor’ to earn extra income by allowing others to copy their trades.

Moreover, eToro has a popular copy trading feature. This enables traders to copy the trades of other, more experienced traders on the platform.

The platform also provides a free demo account, allowing traders to explore the platform and its services without risking real money. This makes it an excellent platform for those wishing to try out the tools and services before making a real investment.

AvaTrade offers an extensive range of markets that includes cryptocurrency trading through CFDs. It’s important to note that this enables traders to speculate on the price movements of cryptocurrencies without actually owning the underlying asset, which can be advantageous in terms of convenience and flexibility.

AvaTrade has also distinguished itself with a suite of proprietary mobile platforms, including AvaTradeGO and AvaOptions, as well as the full MetaTrader suite. This wide selection ensures traders have the ability to stay connected and manage their trades efficiently, which is crucial for the fast-paced environment of crypto day trading.

AvaTrade also prioritizes ease of use, which is vital for traders of all experience levels. Features like the AvaProtect tool offer traders volatility protection by allowing them to hedge their position with a forex option partially, adding an extra layer of security in the often unpredictable crypto market.

Day traders on AvaTrade can rely on 93 indicators available in the AvaTradeGo app. This is important for day traders who rely heavily on technical analysis to make quick, informed trading decisions.

In addition, AvaTrade offers an impressive selection of copy trading platforms, which enables users to leverage the strategies of more experienced traders.

We chose Kraken primarily because of its proprietary Kraken Terminal product. It is based on Kraken’s premium trading terminal, Cryptowatch, which offers a professional charting and trading interface replete with features like real-time customizable charts, indicator panels, a watchlist displaying selected financial markets, and more. Its premium terminal, Cryptowatch, provides real-time crypto market data across 25 exchanges, including charting and investing services.

An advanced charting interface, trade history view, and trading on multiple exchanges via one terminal, including on mobile, are among its free features. Additionally, premium features include 24/7 alerts and integrations with platforms like Google Sheets and Zapier.

The breadth of coins available for trading is another advantage. Popular cryptos such as Bitcoin, Ethereum, and Ripple are all available, along with a selection of crypto futures and indices. The beginner-friendly interface of the Kraken App is another big advantage. Meanwhile, with Kraken Pro, you get a professional trading experience with advanced features.

Kraken’s regulation and licensing add a layer of security and credibility. This secure environment is further enhanced as client funds are held directly by users in their bank accounts at Kraken partners, which are heavily regulated.

StormGain’s trading platform offers a customizable, user-friendly dashboard which supports crypto trading for beginners. The platform offers advanced trading tools, including position and risk-management software, an institutional level of liquidity, and a 200x multiplier.

One of its key attractions is the cloud miner tool that helps you earn more cryptocurrency. Daily trading signals help traders make informed decisions, while the loyalty program offers additional benefits.

Commissions and fees at StormGain are competitive, with no trading commissions. The platform also provides an option for trading with a multiplier of up to x500, although it should be noted that while this can lead to greater profits, it can also lead to significant losses. You can make deposits directly by using a credit or debit card, with a minimum deposit for crypto purchases set at $50, which lowers the entry-threshold for beginners.

BingX solidifies its standing as one of the best platforms for cryptocurrency day trading with its host of versatile and user-friendly features that cater to both seasoned and novice traders.

For instance, copy-trading, one of its standout features, empowers users to replicate the trading strategies of successful traders. BingX also provides an exhaustive Beginner’s Guide to further assist newcomers in getting used to crypto trading and the platform itself. Another innovative feature that BingX brings to the table is BingX Verify. This service helps users ascertain the authenticity of domain names, Telegram IDs, or email addresses, thereby adding an additional layer of security against potential scams.

BingX’s inclusive approach to new traders is complemented by its compliance with regulatory authorities in Australia, the United States, and Canada.

OKX is a top choice for crypto day trading due to its extensive educational resources, which cater to both beginners and professionals. The platform supports DeFi projects through liquidity mining. Additionally, it offers a unique loyalty program that rewards users with fractional Bitcoin for completing learning missions.

U.S. investors face access limitations but can use OKCoin, a sister exchange with simpler services. OKX prioritizes security with a multi-layered hot wallet system and advanced risk-management and big data reduction systems. This robust security framework ensures the protection of users’ private keys. TAll these features make OKX a reliable and diverse platform for crypto trading.