Advertising DisclosureWe're committed to the highest standards of editorial integrity. Still, it's crucial to recognize that some products we mention come from our partners.
Here's an insight into how we make money. While we strive to be comprehensive, the compensation we receive can influence the products, companies, or services we showcase and review. Not all available options may be featured on this page.
Here's an insight into how we make money. While we strive to be comprehensive, the compensation we receive can influence the products, companies, or services we showcase and review. Not all available options may be featured on this page.
5 Best Crypto Exchanges for Day Trading
Looking for the top crypto exchange for day trading? After analyzing over 40 crypto exchanges this year, our expert traders identified the top 5 platforms for active traders. Practical tips are included.
By:
Reviewed By:
Updated: May 6, 2025
Deep liquidity, low fees, advanced conditional orders, and 900+ markets.
Heavily regulated U.S. exchange with 1,500+ markets, strong desktop app, and transparent Proof of Reserves.
Feature-rich mobile app with MT5, AI tools, and 1,250+ markets for crypto, forex, and commodities on the go.
Massive token variety, 1,300+ spot markets, early access via pre-market OTC, and multi-asset trading support.
Zero maker fees, 3,500+ markets, and memecoin-friendly trading with staking, loans, and airdrop perks.
How Did FXEmpire Choose the Best Day Trading Crypto Platforms?
Our evaluation of options trading platforms is based on the following key criteria:
- Desktop Trading Experience: We assessed each platform’s desktop trading experience, as day trading is mainly conducted on a desktop. We prioritized exchanges with seamless, intuitive interfaces and advanced charting tools for experienced traders, focusing on features like technical indicators, order book, and market depth data, advanced charting, and watchlist functionality.
- Pro Version Availability: We verified whether platforms offer Pro versions, which typically include advanced features such as TradingView integration, market depth information, API trading support, and various conditional order types to streamline day trading.
- Leverage Trading Ability: We prioritized platforms that offer leverage trading, as it can amplify returns and is a key feature for day traders looking to maximize profitability.
- Exchange Security & Transparency: We prioritized platforms with strong safety measures, including proof of reserves, regulatory compliance, deposit insurance, and corporate transparency. We also reviewed security rankings on independent third-party sites to ensure the platforms we recommend rank highly for safety and security.
- Low Trading and Deposit Fees: We compared both trading and non-trading fees across platforms, favoring those with competitive rates and transparent fee structures. Low costs are essential for profitability, as high fees can significantly reduce potential gains.
- Wallet Protection Measures: We assessed wallet protection features, looking for platforms that offer cold storage, multi-signature wallets, withdrawal whitelists, and two-factor authentication (2FA) to safeguard user assets.
- Available Cryptocurrencies: We compared the number of markets on each platform, ensuring they support a wide range of cryptocurrencies, including large-cap coins, altcoins, and new tokens. A larger number of markets provides more trading opportunities and flexibility. We also evaluated fiat support, favoring platforms that accept a variety of fiat currencies for added convenience and lower conversion fees.
- Liquidity: We evaluated liquidity on each platform, favoring those with deeper liquidity and higher liquidity scores. High liquidity ensures a smooth trading experience with minimal slippage.
- Regulatory Compliance: We prioritized platforms regulated by leading financial authorities and those accepting users from major regions like the EU, U.S., and U.K., ensuring compliance and accessibility for a global audience.
Best Crypto Exchanges for Day Trading Comparison Table
| Exchange | Ranking | Taker/Maker | Available Crypto | Accepts Fiat | Payment Methods | KYC |
|---|---|---|---|---|---|---|
Binance | 4.6 Read Review | 0.1% / 0.1% | 396 | Yes | +1 | Yes |
Kraken | 3.9 Read Review | 0.4% / 0.25% | 409 | Yes | +3 | Yes |
Bybit | 4.6 Read Review | 0.1% / 0.1% | 0 | No | +2 | Yes |
BingX | 4.1 Read Review | 0.1% / 0.1% | 1035 | No | +4 | Yes |
MEXC | 4.2 Read Review | 0.01% / 0% | 0 | No | +3 | No |
Best Overall
- 396Available Crypto
- Payment Methods
- FeesLow
Why We Picked It
Binance is the world’s largest crypto exchange, offering a broad range of trading instruments for day traders, including spot, margin, futures, and options. It also provides advanced tools and features backed by security and transparency measures, such as Proof of Reserves and a $1 billion SAFU insurance fund. Binance’s range of assets (400+ coins) and deep liquidity, combined with its advanced trading platform that supports in-depth technical analysis and various conditional orders, make it a perfect match for day traders looking to trade spot, margin, or futures.
- High Liquidity: Delivers a seamless and reliable trading experience, handling over $30 billion in daily trading volume, making it one of the most liquid platforms in the industry.
- Advanced Desktop Platform: Offers advanced tools for experienced traders, including TradingView integration with more than 100 technical indicators and a variety of drawing tools for in-depth analysis.
- Range of Conditional Orders: Binance supports advanced trading strategies with conditional orders like Limit, Iceberg, TWAP, and Scaled Orders. It also offers Trailing Stop to secure profits and a range of Time in Force options, including OCO, GTC, GTD, IOC, and FOK.
Pros and Cons
Pros
- 460+ spot tokens & 450+ futures markets
- Low spot & futures trading fees
- Range of conditional orders
- Standalone desktop application
- $1bn insurance fund covering user assets
- High liquidity score
Cons
- Limited region support
- No free fiat deposit options
- Doesn’t accept US or UK users
Best for US Traders
- 409Available Crypto
- Payment Methods+1
- FeesHigh
Why We Picked It
Founded in 2011, Kraken has a flawless operational history with no losses of customer funds. It is also one of the most heavily regulated exchanges, holding licenses from financial authorities in the US, UK, and Europe. Kraken’s blend of trust, regulation, and advanced trading tools makes it a top choice for traders in the U.S. and beyond. It also stands out as one of the few US-based platforms offering transparent Proof of Reserves and audit data, ensuring complete transparency.
- Wide Range of Markets: Kraken offers over 1,500 markets (spot + futures), significantly more than its US competitor, Coinbase (542). With large-cap tokens and niche tokens, catering to a broader range of traders and strategies.
- Advanced Desktop App: Kraken offers one of the most powerful desktop apps, offering advanced features like multi-window support, full customizability, and TradingView integration for in-depth technical analysis. It also includes Ladder Trading for advanced traders, combining the order book, time & sales feed, and point-and-click order execution.
Pros and Cons
Pros
- 480+ spot tokens & 360+ futures markets
- Low futures trading fees
- Transparent Proof of Reserves
- Standalone desktop application
- High liquidity score
Cons
- Higher spot & margin trading fees
- No P2P, bot, or copy trading features
Best Trading App
- -Available Crypto
- Payment Methods
- FeesHigh
Why We Picked It
Based on our research, Bybit’s mobile app is an excellent choice for day traders. While day trading via a mobile device can be challenging, Bybit offers a wide selection of spot tokens, futures markets, and options contracts, making it easier for traders to stay active on the go. Bybit also distinguishes itself by providing MetaTrader 5 integration, enabling day traders to leverage MT5’s advanced trading features and tools directly from their mobile devices.
- MT-5 Support: Traders gain access to an industry-leading platform that boasts over 90 advanced indicators and robust automated trading capabilities, which is ideal for day traders.
- Advanced Trading Tools: Bybit allows you to trade spot, margin, futures, options, forex, and commodities. This range of instruments helps day traders discover additional opportunities beyond crypto.
- AI-Powered Trading Features: Powerful AI tools offer valuable market insights and real-time trend analysis. Bybit also provides AI-powered Copy Trading (with a 70% historical win rate) and a TradeGPT Telegram bot that delivers real-time market updates and trading signals straight to your phone.
Pros and Cons
Pros
- 750+ spot tokens & 500+ futures market
- Low spot & futures trading fees
- Transparent Proof of Reserves
- MetaTrader 5 support with crypto, forex & commodities
- High liquidity score
Cons
- Futures trading restricted in certain regions
- No insurance on customer deposits
- No free fiat deposit options
Best for Trading New Coins
- 1035Available Crypto
- Payment Methods+2
- FeesLow
Why We Picked It
BingX is known for its diverse range of markets, with new tokens added daily. It provides traders with great flexibility, allowing them to trade not only cryptos but also Forex pairs like EUR/USD, indices like the DAX, and commodities such as gold and oil. BingX’s combination of diverse markets, pre-market OTC trading, and multi-asset support makes it a top choice for day traders seeking versatility.
- Large Selection of Markets: BingX offers more than 1,300 spot markets and over 320 futures markets, covering both established large-cap cryptos as well as newer tokens and memecoins like TRUMP and BROCCOLI.
- Pre-Market OTC Trading: This feature allows traders to buy and sell upcoming tokens before they’re officially listed on centralized exchanges. It offers early investment opportunities in promising projects not available on competing platforms.
Pros and Cons
Pros
- 1000+ spot tokens & 320+ futures markets
- Forex, Indices & Commodities trading
- Low spot & futures trading fees
- Transparent Proof of Reserves
- Pre-market OTC trading platform
- Popular markets are tradable with up to 200x leverage
Cons
- Lower liquidity score than industry leaders
- No spot margin trading
- Exchange hacked in September 2024
Best Low Fees
- -Available Crypto
- Payment Methods+1
- FeesLow
Why We Picked It
MEXC is a crypto exchange known for its zero-fee trading on spot markets and futures maker orders. Beyond spot and futures trading, MEXC provides additional features like staking for passive income, airdrops, and crypto-collateralized loans.
- 0% Trading Fees: MEXC is among the few centralized exchanges offering 0% spot trading fees and 0% futures maker fees (with 0.01% taker fees). These industry-low fees help traders maximize profitability when trading spot markets or placing maker orders in futures.
- Large Selection of Markets: With over 2,800 spot tokens and 730+ futures markets, MEXC offers one of the largest selections of markets in the industry.
Pros and Cons
Pros
- 2,800+ spot tokens & 730+ futures markets
- 0% trading fees on spot & futures
- Transparent Proof of Reserves
- Pre-market & on-chain memecoin trading
- Secure exchange with no past hacks
Cons
- Lower liquidity score than industry leaders
- No bot trading available
- No insurance on customer deposits
How to Choose the Best Day Trading Crypto Exchange?
What is Day Trading?
Day Trading is a strategy where traders buy and sell cryptocurrencies within the same day to profit from short-term price movements. Day traders focus on short-term market movements and need fast, intuitive platforms. They often rely on technical analysis, chart patterns, and market news to make quick, informed trading decisions.
What is Better For Day Trading: Spot, Margin, or Futures?
Each trading type has its advantages and disadvantages for day trading:
| Category | Pros | Cons | Best suited for |
| Spot Trading | Simple and straightforward; no risk of liquidation | Limited profit potential compared to leveraged trading | Beginners or those who prefer lower-risk |
| Margin Trading | Leverage amplifies profits; allows for short-selling | High risk of liquidation; interest on borrowed funds | Experienced traders are comfortable with risk management |
| Futures Trading | High leverage (up to 150x or more); ability to hedge positions | Complex and risky; potential for significant losses | Advanced traders with a deep understanding of derivatives |
Margin and futures trading are better suited to day trading due to their leverage and short-selling capabilities. However, they require strong risk management skills and market knowledge, making them less suitable for beginners.
What are the Key Factors to Consider for Day Trading?
We recommend assessing and considering the following factors when day trading:
- Volatility: Look for coins with significant price movements.
- Liquidity: High liquidity ensures you can enter and exit positions seamlessly without price slippage.
- Fees: Low trading fees are crucial when taking multiple trades daily.
- Leverage: Use leverage cautiously to amplify gains (and losses).
- Market News: Stay updated on news and events that can impact prices and increase volatility.
What Platform Features Can Help With Day Trading?
To ensure a seamless day trading experience, look for platforms with the following features:
| Feature | Explanation |
| Advanced Charting Tools | Real-time charts with technical indicators (e.g., RSI, MACD, Bollinger Bands, etc.) |
| Fast Execution | Minimizes slippage and ensures quick order execution. |
| Risk Management Tools | Stop-loss, take-profit, and trailing stop orders to secure profits and minimize losses. |
| API Access | Enables automated and high-frequency trading strategies. |
Which Crypto Coins Are Best For Day Trading?
The best cryptos for day trading depend on their characteristics, such as liquidity and volatility. High liquidity ensures easy entry and exit from positions, while volatility creates opportunities for price swings.
Top Cryptos for Day Trading:
- Bitcoin (BTC): High liquidity and volatility.
- Ethereum (ETH): Popular and widely traded.
- Binance Coin (BNB): Strong liquidity and utility.
- Solana (SOL): High volatility and growing adoption.
- Dogecoin (DOGE): Highly volatile and influenced by social media.
- Altcoins: Smaller-cap coins can offer higher volatility but come with higher risk.
What Tools Can Help Me With Day Trading?
There is a range of tools and websites to help with day trading. A few we recommend include:
- CoinMarketCap/CoinGecko: Track crypto prices, market caps, and trading volumes to help identify trending coins, liquidity, and trading opportunities.
- TradingView: Offers industry-leading charting tools and indicators to help with technical analysis, along with social features for traders to share trading ideas.
- Crypto Panic: Aggregates the latest crypto news and social media sentiment to help day traders react quickly to market-moving events.
- Economic Calendars: Use our economic calendar to track events like FOMC meetings, regulatory announcements, and protocol updates that could impact market prices.
- Portfolio Trackers: Tools like CoinStats help monitor positions and historical performance.
- Exchange APIs: Enable automated and high-frequency trading strategies to help advanced traders execute specific strategies.
What to Avoid When Choosing a Crypto Exchange for Day Trading?
We recommend avoiding exchanges and platforms with the following factors:
- High Fees: Exchanges with high trading or withdrawal fees can eat into profits.
- Low Liquidity: Poor liquidity leads to slippage and difficulty exiting positions.
- Poor Security: Avoid exchanges with a history of hacks or security breaches.
- Slow Execution: Delays in order execution can result in missed opportunities.
- Unreliable Customer Support: Poor support can be problematic if you experience technical issues.
- Lack of Leverage: Exchanges without margin or futures trading limit profit potential.
FAQ
What is Day Trading?
Day Trading is a strategy where traders buy and sell cryptocurrencies within the same day to profit from short-term price movements. Instead of holding positions long-term, day traders aim to capitalize on intraday volatility. They often rely on technical analysis, chart patterns, and market news to make quick, informed trading decisions.
What are the benefits of Day Trading?
Day trading allows traders to capitalize on short-term price movements, avoid overnight risks by closing positions daily, and potentially amplify profits through leverage. It offers flexibility and quick feedback and, thanks to the high volatility of cryptocurrency markets, provides diverse opportunities.
What are the risks of Day Trading?
While day trading can be profitable, it also involves considerable risks, including high volatility, leverage pitfalls, emotional stress, potential market manipulation, and low liquidity or slippage.
How is Day Trading different from Scalping or Swing Trading?
Day traders hold positions for a few minutes to a few hours to profit from intraday price movements, whereas scalpers hold positions for just a few seconds to minutes to profit from very small price changes. Swing traders, on the other hand, hold positions for days to weeks, profiting from longer-term price trends.
Can a beginner do Day Trading?
Beginners can do day trading, but it will require them to learn the basics of trading, practice on demo accounts, exercise risk management and discipline, and, most of all, be very patient. Day trading has a steep learning curve and the potential for losses initially.
How do I develop a day trading strategy for the crypto market?
Developing a day trading strategy in the crypto market involves setting clear profit targets and risk limits, choosing a trading style (e.g., scalping or day trading), learning technical analysis, and establishing specific entry/exit rules. After thorough backtesting and practice on a demo account, we recommend continually monitoring market conditions and adjusting your strategy.
About the Author
Shennon Hewaauthor
Shennon Hewa is a crypto trader and crypto journalist based in London. Active in the crypto space since 2017, he specializes in scalping, derivatives day trading, and swing trading. At FXEmpire, he has reviewed dozens of crypto exchanges and has extensive knowledge of platform strengths and weaknesses.
Why you can trust FX Empire
At FXEmpire, we strive to provide unbiased, thorough, and accurate exchange reviews by industry experts to help our users make smarter financial decisions.
Why you can trust FX Empire
Table of Contents
- List of Top Crypto Exchanges for Day Trading
- How Did FXEmpire Choose the Best Day Trading Crypto Platforms?
- Best Crypto Exchanges for Day Trading Comparison Table
- Best Overall
- Best for US Traders
- Best Trading App
- Best for Trading New Coins
- Best Low Fees
- How to Choose the Best Day Trading Crypto Exchange?
- FAQ