10 Best Crypto Exchanges For Day Trading In 2024 To Maximize Profits

Are you a crypto day trader and searching for the best crypto exchange for day trading to maximize your profits? You are in the right place!

In this guide, we will list some of the best cryptocurrency exchanges to day trade based on factors like user interface, liquidity, fees, and so on! 

What is Day Trading?

Day trading is one of the popular strategies among savvy crypto traders. However, if you are a beginner in the world of crypto trading, you need to understand what day trading is.

In a simple explanation, day trading involves buying and selling crypto within a very short period throughout the day to take advantage of price fluctuations in the market.

The essence of day trading is to make a quick profit from short-term price movements. 

Unlike traditional crypto investing, a crypto day trader is more concerned about immediate gain and pays close attention to short-term price fluctuations. Crypto day traders are less concerned about the long-term prospects of the crypto they buy and sell. 

Most day traders do so as their primary source of income.

Anybody can venture into day trading in 2024. However, to become successful and make profits from crypto day trading, you will need to understand different crypto trading patterns and strategies, be able to monitor price movements in the crypto market closely, have strong analytical skills, and engage the best crypto day trading platform.

What Is A Crypto Exchange For Day Trading?

A day trading exchange is a specialized trading platform made for beginners and experienced traders who engage in the frequent buying and selling of crypto assets within the same trading day. 

These platforms for day trading have interfaces that enable crypto traders to respond rapidly to market movements. They are also designed to support rapid and instant transactions, and they are equipped with robust, real-time trading tools suitable for day trading.

Since liquidity matters a lot for day trading, crypto exchanges for crypto trading often offer low trading fees, high liquidity, and advanced charting capabilities to help day traders make quick decisions. 

Now, let us consider the top 10 best crypto exchanges for day trading in 2024 to maximize profits.

Please note that while there are centralized and decentralized crypto exchanges for day trading, centralized exchanges are better for the fast-paced nature of day trading because of their higher speed and reliability, which are essential for the fast-paced nature of day trading.

10 Best Crypto Exchange For Day Traders In 2024

In this section, we will explore the best crypto exchanges for day trading in 2024 to maximize profits. Let’s get in:

Binance

Binance, launched in 2017, is the largest cryptocurrency exchange by trading volume and one of the best platforms for crypto day trading.

To facilitate trading, Binance offers trading on the go using its user-friendly mobile app. The exchange also supports over 150 crypto assets for trading, which gives day traders lots of options when it comes to finding profitable trades.

Binance also offers margin trading and futures contract features, which allow users to take advantage of price fluctuations with leverage.

In terms of costs, Binance offers competitive trading fees. For margin trading, the platform charges up to 0.02% for makers and up to 0.04% for takers. More so, users who pay using Binance’s native token, BNB, will enjoy some discounts.

Binance prides itself on being one of the most liquid exchanges in the world. The exchange usually records a 24-hour trading volume of over $5B and a CoinMarketCap liquidity score of over 800. 

This shows that there are always lots of buyers and sellers available to match trades, irrespective of the time of day.

This platform also offers advanced trading tools, such as stop-loss orders, market data and analysis, real-time price updates, customizable charts and graphs, etc.

Considering its user-friendly interface, low fees, low latency, and high liquidity, it is no wonder that Binance is so popular among beginner and expert traders who want to maximize their profits.

Key features:

• Spot trading fees: Binance charges 0.1-0.02% for makers and 0.1-0.04% for takers, depending on 30-day trading volume. Discounts are available for BNB holders.
• Deposit and withdrawal fees: No deposit fees on cryptocurrency, and withdrawal fees depend on the cryptocurrency withdrawn. Fiat deposit & withdrawal fees depend on the chosen payment method.
• Available products: Margin, spot, and derivatives trading. Earn products are also available.
• Automation: Users can take advantage of free bots, which include futures grid, spot DCA, spot grid, and rebalancing bot.

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Coinbase

Coinbase is another well-recognized cryptocurrency exchange, especially in the US, for its user-friendliness, security, and regulatory compliance. 

Coinbase has a user-friendly interface with a clean and intuitive design that makes it easy for beginner day traders to navigate between different crypto options and execute their trades quickly. 

Experienced traders are not left out with Coinbase’s advanced tool – Coinbase Advanced Trading. This tool gives users access to a more professional trading dashboard with features like market analytics, advanced order types (limit, stop, and market order), and real-time charts.

It also features margin trading, which allows users to amplify their positions.

Coinbase offers a much more competitive pricing. For instance, Coinbase charges 0.05% to 0.6% for takers and 0.0% to 0.4% for makers as spot trading fees.

In terms of liquidity, Coinbase has high liquidity for large-cap cryptocurrencies, enabling day traders to carry out fast order execution.

Key features:

• Spot trading fees: Coinbase charges 0.05-0.60% for takers and 0.00-0.04% for makers depending on 30-day trading volume. Amazingly, Coinbase charges much lower fees for stable pairs.
• Deposit and withdrawal fees: Cryptocurrency deposit and withdrawal fees depend on the cryptocurrency to be deposited or withdrawn. Fiat deposit and withdrawal fees depend on the chosen method of payment.
• Available products: Spot trading and advanced trading with margin. Derivatives trading will be available soon on a separate platform. Earn products include staking, DeFi yield & ETH staking.
• Automation: Users can execute auto trades with limit orders, stop orders, and more in advanced trade.

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Bybit

The next platform for day trading on our list is Bybit. Aside from the intuitive user interface, which is specially designed for effective day trading even for novice traders, this top crypto day trading platform comes with a rapid order matching engine and a set of technical features.

One of the technical features is the leverage trading tool, which enables users to amplify their trading positions ranging from 10x to 100x and potentially increase their returns. Users can also utilize advanced order types like conditional orders, limit orders, and market orders to execute day trading.

Another amazing feature is Bybit’s high liquidity. Bybit partnered with major liquidity providers to build a deep liquidity pool. This pool makes it possible for traders to enter and exit positions without slippage, even during times of high-trading volatility.

Bybit has incredibly low trading fees of 0.005% to 0.1% for makers and 0.02% to 0.1% for takers. This competitive fee structure is of great benefit to savvy day traders who execute trades more frequently and aim to optimize their trading costs.

This exchange has responsive customer support that is available via live chat, email, and social media, and also an active community of 10M+ traders, where users can brainstorm and share experiences, ideas, and trading strategies. 

To help users improve their trading skills and guide them toward effective trading, Bybit offers a lot of educational resources and trading guides.

Key features:

• Spot trading fees: Bybit charges a 0.005-0.1% trading fee for makers and a 0.02-0.1% trading fee for takers, depending on their account level.
• Deposit and withdrawal fees: Cryptocurrency deposits are free, but Bybit charges network fees for crypto withdrawals. Fiat deposit and withdrawal fees depend on the method of payment. However, Bybit offers free dollar withdrawals with Advcash. 
• Available products: This platform offers spot trading, margin trading, and derivatives trading. It also converts trades with zero fees or slippage. Earn products include ETH staking, dual asset,  liquidity mining, and savings.
• Automation: Bybit features fully customizable crypto bots, which include spot grid bot, DCA bot, and futures grid bot.

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Kraken

Kraken, based in San Francisco, is one of the oldest exchanges in the world. It is well-known for its strong security features and regulatory compliance.

This exchange offers a lot of features that make it an ideal choice for day traders. For instance, the exchange offers 120+ crypto assets, and users can earn rewards with crypto staking. Kraken has 8M+ traders and offers tradings like over-the-counter (OTC), indices, margin trading, futures, and spot trading.

Kraken offers its margin trading feature with up to 5x leverage. It has a high liquidity of about 700 and about $130M daily trading volume. Order execution on Kraken is usually very fast with low slippage. 

In terms of trading fees, Kraken offers one of the lowest spot trading fees. On Kraken, maker fees go from 0.000% to 0.16%, and taker fees go from 0.10% to 0.26%, depending on your trading volume within 30 days.

Key features:

• Spot trading fees: Kraken charges a 0-0.16% trading fee for makers and a 0.10-0.26% trading fee for takers, depending on 30-day trading volume. The ‘Instant Buy’ feature incurs a flat fee of 1.5%.
• Deposit and withdrawal fees: Cryptocurrency deposits are generally free, but there are fixed fees and minimums for cryptocurrency withdrawals. Fiat deposits are free based on the chosen method of payment, and fiat withdrawal fees vary between $4-$25 based on the withdrawal method selected.
• Available products: This platform offers spot trading, futures trading, margin trading, advanced trading, and staking products.
• Automation: No built-in bot, but Kraken integrates seamlessly with third-party bots like Hummingbot, Haasbot, and Cryptohopper, as well as REST and WebSocket APIs.

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KuCoin

KuCoin is another top crypto trading platform for day trading. This exchange supports more than 700 crypto assets and over 1,200 trading pairs. This offers a good avenue for day traders to diversify their portfolios.

KuCoin’s trading fees are among the lowest on the crypto market. Unlike other exchanges, KuCoin charges from 0.005% to 0.1% for makers and 0.025% to 0.1% for takers.

Smart frequent traders can further reduce this base fee by 20% by using KuCoin’s native token, KCS. 

KuCoin offers advanced trading features like margin trading and futures trading. The margin trading feature enables traders to borrow funds to increase their position and amplify their potential profits. It also features bots for savvy traders who want to manage risk and optimize their strategies.

While some users may find Kucoin’s platform to be less intuitive compared to other exchanges, some users have given a nod to the platform’s “user-friendly interface” and multi-language support.

Whether on the mobile app or website, users can switch between ten major languages. This ensures comfort and ease for day traders from different countries.

Key features:

• Spot trading fees: Kucoin charges a 0.005-0.1% trading fee for makers and a 0.025-0.1% trading fee for takers based on 30-day trading volume. KCS holders would enjoy special discounts.
• Deposit and withdrawal fees: Cryptocurrency deposits are free, but withdrawal fees are a flat minimum plus a percentage of the withdrawal amount. Fiat deposits and withdrawal fees are charged based on the method of payment. 
• Available products: This platform provides spot trading, derivatives trading, futures trading, margin trading, and leveraged tokens. Earn products include launch platform, lending, mining, and structured wealth products.
• Automation: KuCoin offers fully customizable bots, which include spot grid, infinity grid, futures grid, smart rebalance, martingale, and DCA bots.

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Bitfinex

Another day trading crypto platform on our list is Bitfinex. The platform offers lower trading fees compared to other cryptocurrency exchanges. More so, it offers traders with leverage of up to 10x. 

That means leverage traders can potentially make more profits than those taking smaller positions in regular buy-sell transactions alone.

If you want to maximize returns from your investments, Bitfinex is worth considering.

Bitfinex is considered one of the most liquid crypto exchanges in the crypto space. This gives traders on the platform the opportunity to buy and sell cryptocurrencies quickly without worrying about liquidity issues.

High liquidity means that no single trader can single-handedly influence or dictate the value of a crypto asset.

Bitfinex also has high trading volumes, which makes it easy for traders to enter and exit positions at market prices without affecting the crypto’s price heavily.

What more?

This crypto platform offers a range of helpful trading tools and advanced order types, which include limit orders, stop-loss orders, and trailing stop orders. These tools can help day traders to manage their positions better.

While Bitfinex supports fiat deposits, the associated high fees may not be encouraging. Day traders are advised to make deposits via crypto options because they are cheaper.

Moreover, Bitfinex has an efficient customer support team that is always ready to help resolve any issues as quickly and efficiently as possible.

Overall, Bitfinex remains one of the best exchange choices for day traders.

Key features:

• Spot trading fees: Bitfinex charges a 0.1% trading fee for makers and a 0.2% trading fee for takers fees.
• Deposit and withdrawal fees: Cryptocurrency deposits and withdrawals are free, but network fees apply. However, for fiat deposits via bank, 0.1% fees apply with a minimum fee of $60, and fiat deposits via OpenPayd attract €5/£5 fees per transaction. For fiat withdrawals, Bitfinex charges 0.1% with a minimum of $60 or €60. However, for express bank wire withdrawals, Bitfinex charges 1%, with a minimum fee of $100 or €100.
• Available products: This platform offers spot trading, derivatives trading, futures trading, margin trading, and leveraged tokens. 
• Automation: Bitfinex offers a fully customizable spot and margin trading bot.

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HTX (formerly Huobi Global)

HTX, previously called Huobi Global, is one of the largest cryptocurrency exchanges by volume, boasting over $300M worth of trades being carried out on its platform daily. 

The platform offers spot and margin trading for a lot of crypto assets. With a liquidity score of about 400, this exchange is suitable for day trade crypto.

HTX supports more than 410 cryptocurrencies and tokens and lots of trading pairs. Most trading pairs on this exchange have tight spreads and lots of order book depth. 

This exchange charges a 0.2% maker and taker fee for both spot and margin trades. However, you can reduce this fee to as low as 0.1% if you pay using the platform’s native token HT. Professional traders get 0.0362% of maker fees and 0.0462% of taker fees.

HTX offers a handful of products, such as spot trading, futures trading, margins trading, and derivatives trading, as well as earning products like crypto loans and staking options.

Key features:

• Spot trading fees: HTX charges 0.2% trading fees for both maker and taker fees. HT holders would be charged as low as 0.1%. However, professional traders enjoy a lower fee structure – makers’ fees go as low as 0.0097%, while for takers, fees go as low as 0.0193%.
• Deposit and withdrawal fees: HTX does not charge any fees for cryptocurrency deposits. However, you may incur network fees during withdrawals.
• Available products: This platform offers spot trading, futures trading, margin trading, and derivatives trading. Earn products include crypto loans and staking options.
• Automation: HTX offers fully customizable bots, which include Grid Trading Bot.

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MEXC

MEXC made it to our list of top exchanges for day traders due to its high liquidity, wide range of trading pairs, and advanced trading features specially made for both newbies and expert traders. 

Because of its wide adoption and large user base, this platform has high liquidity and can process as many as 1.4M transactions per second. This eliminates the fear of delays or slippage when you place orders.

MEXC offers a wide variety of trading pairs. For instance, the exchange supports over 2300 cryptocurrencies, which include both larger-cap cryptos and newer and smaller-cap coins. This makes MEXC a good choice for day traders who want to diversify their portfolios and make a profit from the high volatility of lesser-known altcoins.

Aside from the 2300+ coins, MEXC also supports a number of fiat options, which include USD, EUR, GBP, AUD, RUB, and so on.

This exchange offers a comprehensive suite of tools that can help day traders with their trading. These tools include multiple order types, such as stop-limit orders, market orders, and limit orders; indicators, and customizable charts.

The platform also offers futures and margin trading options for day traders who are interested in leveraging their positions. However, the leverage limits vary based on the geographical location.

In terms of fees, MEXC offers low trading fees, which is another attraction for traders. The platform charges a 0% trading fee for makers and a 0.02% trading fee for takers. The trading fees can be further reduced by holding the exchange’s native token, MX tokens.

Key features:

• Spot trading fees: MEXC is a zero-fee platform for day trading. It charges a 0% trading fee for makers and between 0% to 0.02% trading fee for takers based on the account level. MX token holders pay less, while VIP traders don’t pay any fees on spot trading.
• Deposit and withdrawal fees: Crypto deposits are free, but withdrawal fees depend on the crypto involved. No fiat withdrawals, but fiat deposit fees depend on the method of payment.
• Available products: This platform’s offerings include spot trading, margin trading, futures trading, and leveraged ETFs. Earn products include savings products.
• Automation: MEXC offers API access for bots and copy trading options.

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OKX

OKX, previously called Okex, is the next exchange on the list.

OKX has a high trading volume of about $700M in 24 hours. This gave the platform its 400 liquidity score. With such a liquidity score, traders can easily buy and sell a large amount of crypto assets without heavily influencing the market price.

The platform offers a variety of trading instruments, such as spot trading, options, and derivatives, such as futures and margins trading. It features 350+ crypto assets, which include BTC, ETH, LTC, BCH, SOL, MATIC, XRP, AAVE, and so on. However, unlike other exchanges, OKX does not support fiat currencies at this time.

OKX also supports a number of products, such as bots, block trading, and OKX Earn, which includes DeFI, staking, and so on. 

In terms of fees, trading fees on OKX depend on the maker and taker model, with trading fees starting at 0.10% but decreasing depending on the 30-day trading volume. The amount of OKB (the platform’s native token) the trader is holding can also affect the fee structure.

Key features:

• Spot trading fees: OKX charges between 0.005% to 0.080% trading fee for makers and between 0.020% to 0.1% trading fee for takers based on the trader’s 30-day trading volume. OKB holders can enjoy discounted rates. 
• Deposit and withdrawal fees: Crypto deposits and withdrawals are free, but network fees apply. Fiat deposit fees depend on the method of payment. Fiat withdrawals can only be made via P2P bank transfer.
• Available products: This platform’s offerings include spot trading, convert trading, margin trading, derivatives, including futures and options, and perpetual swaps.
• Automation: OKX offers bots, including grid, DCA, arbitrage, and slicing trading bots, as well as copy trading.

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Crypto.com

The last exchange on our list is Crypto.com. Aside from its user-friendly interface, the platform offers a relatively low trading fee model. For instance, the standard trading fees for makers stand at 0.15%, while takers have to pay up to 0.3%. 

However, the exchange’s native coin, CRO, comes to the rescue. Holding and staking CRO, especially in high volume, enables traders to pay a lot lower fees. Also, traders on the highest tier can enjoy up to 30% off on the takers fee and a rebate of 0.001% on every maker order. 

All of these fee reductions are attractive perks for regular day traders.

The platform also offers lots of professional trading tools to help both new and expert traders execute more sophisticated strategies. These tools include indicators, customizable charts, and various order types like stop-loss orders, market orders, and limit orders.

More so, this exchange supports margin trading. This allows experienced traders to potentially leverage their positions to increase their profits.

Finally, Crypto.com supports over 350 cryptocurrencies, but only USD and EUR are fiat currencies.

Key features:

• Spot trading fees: Crypto.com charges between 0% to 0.07% trading fee for makers and between 0.0485% to 0.728% trading fee for takers. High-volume CRO holders can enjoy considerable discounted rates. 
• Deposit and withdrawal fees: Crypto deposits are free, but withdrawal fees depend on the chosen method. Both fiat deposits and withdrawals are free, but bank charges may be applied.
• Available products: This platform’s offerings include spot trading, over-the-counter (OTC) trading, and margin trading. Yield products include CRO payouts, lending, and supercharger events.
• Automation: Crypto.com offers bots, including grid bots, DCA bots, and TWAP bots.

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Now, if you are searching for the best exchange for day trading in 2024, this list will surely help you find a suitable day trading platform.

How To Pick The Best Crypto Exchange For Day Trading?

When picking the most suitable day trading exchange for yourself, several different criteria must be considered. Based on our close market analyses and examinations, here are the most essential criteria to consider:

Trading fees: Choose an exchange that offers low trading fees. Remember, if you are trading multiple times in a day, your trading fees will add up fast, and if they are high, they will eat into your profit.

Slippage: If you are seeking maximum profits, exchanges with high liquidity and low slippage are the best for you. For context, slippage is the difference between the expected price of an order and the actual price when the order is executed. 

Due to crypto’s inherent volatility, the price of a crypto asset can fluctuate rapidly depending on trade volume and activity.

• Available assets: Note that not every trading platform has every asset. Make sure to pick a platform that lists a good number of assets and trustworthy projects.
• Safety and security: This is very important considering the rate of cybertheft and hack attacks on crypto exchanges nowadays. The safety and security of the exchange you want to choose should be a top priority. Always consider a platform with a good track record of security.
• Customer support: Active and effective customer support is paramount in day trading due to its time sensitivity. Make sure to choose an exchange that offers quick and helpful support via various channels, such as phone calls, live chat, and email.
• Automation tools: Some platforms offer automation tools to help traders execute trading strategies easily and timely. Some of these tools include bots to stop or limit orders and leverage.
• Methods of payments: Choose an exchange that offers multiple payment methods, which include bank transfers, credit cards, and digital wallets, because efficient fund management is very important in day trading. 
• Location: You need to understand that not all exchanges operate globally. For instance, the US is currently hostile towards cryptocurrency exchanges and trading platforms. Make sure to choose an exchange you can use in your home country.

Also, try to comply with the KYC requirement as much as possible. This will help to facilitate the fund deposit and withdrawal process. However, if you are not comfortable with giving out your details, you can try any of these no-KYC crypto exchanges for anonymity.

Conclusion

Choosing the best exchange for crypto day trading is critical for effective trading and profit maximization. Ultimately, the best exchange for you depends on what type of trader you are and the type of features that are more important to you.

In this article, we have discussed ten top crypto exchanges for day trading to help you make a better choice. All these exchanges are great options for both new and experienced day traders.

We hope this article will guide you to decide which platform best suits your needs. Happy day trading!

Frequently Asked Questions (FAQs)