Want to maximize your profits while day trading cryptocurrency? In this guide, we'll walk through some of the best crypto exchanges for trading based on factors like fees, liquidity, user interface, and more.
Quick Look: Best Exchanges for Day Trading
| Platform | Liquidity Score | Fees | Availability |
|---|---|---|---|
| Binance | 895 | 0.01% - 0.1% | Not available in the US & Canada |
| Kraken | 771 | Up to 0.40% | Available in the US & Canada |
| ByBit | 734 | 0.015% - 0.1% | Not available in the US & Canada |
| Coinbase Advanced | 766 | 0% - 1.2% | Available in the US & Canada |
| KuCoin | 640 | -0.005% - 0.1% | Not available in the US |
| MexC | 611 | Up to 0.01% | Not available in the US & Canada |
| OKX | 620 | 0.08% - 0.1% | Not available in the US |
| Pionex | 960 | 0.05% flat | Not available in the US |
| Phemex | 644 | 0.06% | Not available in the US & Canada |
| Crypto.com | 785 | 0% - 0.5% | Available in the US & Canada |
👉 Discover advanced trading tools for professional day traders.
Binance
Binance is the world's largest exchange by volume. The platform offers low trading fees and advanced transactions including spot trading.
CoinMarketCap Liquidity Score: 895
Fees: 0.01% - 0.1%
User interface: Better suited for advanced investors
Availability: Not available in the US and Canada
Kraken
Originally founded in 2011, Kraken is one of America's oldest cryptocurrency exchanges, offering low fees and high liquidity.
CoinMarketCap Liquidity Score: 771
Fees: Up to 0.40%
User interface: Good for both beginners and advanced traders
Availability: Available in the US & Canada
ByBit
ByBit is famous for being one of the world's best crypto derivative exchanges, offering up to 100x leverage.
CoinMarketCap Liquidity Score: 734
Fees: 0.015% - 0.1%
User interface: Easy to use with advanced features
Availability: Not available in the US and Canada
Coinbase Advanced
Coinbase Advanced is a free platform directed towards experienced crypto traders on a trusted platform.
CoinMarketCap Liquidity Score: 766
Fees: 0% - 1.2%
User experience: One of the most user-friendly exchanges
Availability: Available in the US, Canada, and many other countries
👉 Learn about professional trading platforms with advanced features.
What Is Day Trading?
Day trading refers to buying and selling cryptocurrency on the same day with the goal of making a profit. Day traders focus on short-term price swings rather than long-term prospects.
Why Does Liquidity Matter for Day Trading?
The more liquid your cryptocurrency exchange, the faster your orders will be fulfilled. Liquidity is crucial for fast-paced day trading. We use CoinMarketCap's liquidity score (0-1,000 scale) to evaluate exchanges.
How to Pick an Exchange for Crypto Day Trading
User Interface
Choose an exchange that's easy to use but supports advanced charting tools.
Reputation
Read third-party reviews and understand the platform's reputation in the crypto community.
Fees
Regular trading can make fees take a significant portion of your profits.
FAQ
What is the best exchange for beginners?
Coinbase Advanced offers the most beginner-friendly interface while still providing advanced features.
Which exchange has the lowest fees?
Binance and MexC offer some of the lowest fees for day trading.
Are there any exchanges available in the US?
Kraken, Coinbase Advanced, and Crypto.com are available in the US.
What liquidity score should I look for?
Look for exchanges with a liquidity score above 700 for optimal day trading.
How important is customer support?
Very important, especially when dealing with fast-moving markets and potential technical issues.
Can I use trading bots on these platforms?
Yes, platforms like Pionex specialize in automated trading bots.
👉 Explore top-rated exchanges for your trading needs.