Top 5 Crypto Exchanges for Day Trading Review - Which Broker is the Best in 2024?
If you want to trade crypto, you have to make sure that you choose a trusted platform. The provider not only has to offer a safe and transparent trading environment, but it has to be a lot of crypto markets and low commissions. In this article, I will review the 5 best crypto exchanges for day trading on the market today that you can try.
1. The Best Ethereum Day Trading Platform for Beginners "COINBASE"
What is Coinbase?
Coinbase is a cryptocurrency broker that has the largest reach in terms of client accounts, to date more than 35 million people are now using this Coinbasi site. Coinbase has grown so fast since its launch in 2012 that until now Coinbase is a public stock listed on the NASDAQ.
We will find a wide selection of digital currencies on the Coinbase website that we can easily buy. Bank transfers are much cheaper they cost less than a dollar, when compared you will pay 3.99% to buy crypto assets directly with your debit card.
Apart from that the provider also offers Coinbase Pro, which is more conducive to your daily trading. Apart from having lower costs, you will also have access to more trading pairs. Even more, interestingly, Coinbase also offers a top-rated daily trading app, if you want to buy and sell to trade cryptocurrencies on the go.
But we have to know the pros and cons of Coinbase, here are the pros and cons of Coinbase.
PROS:
- Holds an electronic money license from FCA
- Support Faster Payment for GBP transactions
- Operating since 2012
- Monitoring order book for Bitcoin-GBP trading
- Easy-to-use mobile app
- Coinbase Pro includes advanced order types
- Lebih dari 35 juta klien
- Complicated and expensive fee structure
Inside Binance you will find hundreds of currency pairs on the platform, including many small coins and privacy coins like Monero, Vechain, and so on. This includes a large number of ERC-20 tokens. Apart from that, it's also a good place to buy popular community coins like Safemoon. But depending on where you live, you may also be able to deposit funds with your debit card.
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| Binance |
If there's a particular cryptocurrency you have in mind, chances are you'll only find it on Binance. This hugely popular cryptocurrency exchange is home to billions of dollars in volume every day.
Although the fees are quite expensive between 3-4% Binance is very cheap in terms of trading fees. We will pay only 0.1% on the platform, and even less if we have Binance Coins (BNB) allocation. Apart from that, Binance is also a good choice if you want to do technical analysis because you will find a lot of sophisticated charting tools and a wide variety of types.
Following are the Pros and Cons of the Binance platform that we should know.
PROS:
- Very low fees with discounts for using BNB
- Proven safety measures
- Support fiat currency
- Hundreds of pairs supported
- 0.10% commission
- Advanced charting platform with customizable indicators
- Charge up to 3.5% for debit/credit card deposits
- Customer support only via ticket system
The Capital.com platform is a platform that is very easy to use for beginners and doesn't come with too complicated trading jargon. If you are interested in trading crypto assets daily but don't have much experience in this, Capital.com is worth reconsidering.
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| Capital.com platform |
On the Capital.com platform, you will have access to a large number of crypto CFDs. This includes crypto fiat and crypto cross pairs across a wide range of coins. There is no daily trading commission charged by the platform and spreads on major pairs are very competitive as well. Apart from that, the Capital.com trading platform itself is clean and fresh, so placing orders is very easy for you to do.
You can start trading crypto in real-time through the provided Capital.com demo account without making a deposit. This is very useful if you want to learn the ins and outs of crypto trading before risking your real money. The Capital.com platform also requires a very small minimum deposit of only $20.
However, every platform has its pros and cons, here are the pros and cons of the Capital.com platform
PROS:
- Spread betting for UK clients
- Minimum deposit only $20
- Perfect for beginners
- 0% commission in all markets
- Thousands of CFD instruments
- Low spreads
- No traditional investing – only CFD trading
Libertex is crypto trading without paying any spreads at all. As well as having very competitive commissions, with Zcash/USD and XRP/USD for only 1% per slide.
In fact, there are several digital currencies like Dogecoin, which we can trade without commission.
Libertex is also not only great for its low fees and tight spreads, but the CFD trading platform offers a wide range of markets. All crypto day trading markets powered by Libertex can be traded with leverage. This includes a wide selection of crypto-fiat and crypto cross pairs.
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| Libertex platform |
All crypto pairs on Libertex are also available for a short sale, but the limits and eligibility will depend on your country of residence. In addition to cryptocurrencies, Libertex is also home to the stock market, indices, ETFs, commodities, and forex trading. To start trading on the Libertex platform we can only fulfill a minimum deposit of $100.
For payment methods that can be accepted by the Libertex platform, including debit/credit cards and electronic wallets. Libertex is also regulated by CySEC, so you are in 100% very safe hands.
The pros and cons of the Libertex platform are as follows.
PROS:
- Great educational resource
- Compatible with MT4
- Good market choice
- Long established broker
- Tight spread CFD trading
- Highly competitive commissions - from 0% and up
- CFDs only
Trading currencies with over 80+ pairs, this popular broker is also home to cryptocurrencies.
The crypto market at Forex.com is traded as CFDs, you can also go long or short and even apply leverage.
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| Forex.com platform |
At Forex.com you can trade Bitcoin, Ethereum, LTC, and Bitcoin Cash against the US dollar.
We can also trade Bitcoin against the euro, pound sterling, and Australian dollar. For fee on Forex.com, depending on the account type you choose.
If you are a professional trader, then the STP Pro account will be more suitable for you. There is also a commission-free account with reasonable spreads, which is best for casual traders. This allows you to trade with industry-leading spreads with small commissions. If you want to fund your account by bank transfer, there is no minimum deposit limit.
The pros and cons of Forex.com are as follows.
PROS:
- Best Forex and new economy
- offer CFD
- Highly regulated - includes US license
- very strong in terms of exotic currencies
- No minimum deposit when choosing bank transfer
- Specialist forex trading app
- Access to dozens of currency pairs
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