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10 Best Crypto Exchanges for Day Trading in 2024

17 mins
Fact Checked
by Maria Petrova
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Whether you’re a seasoned trader or a total beginner, you need a user-friendly trading platform. This guide dives deep into the best crypto exchanges for day trading, comparing availability, trading, and depositing fees.

With any form of trading, research is your best friend. But in order to succeed, day traders especially require a reliable platform to interpret charts and analyze market trends. Since day trading demands considerable time and effort, a platform that streamlines certain processes can be invaluable. Here’s what to know and where to utilize day trading strategies in 2024.

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What is crypto day trading?

Crypto day trading is a strategic approach to cryptocurrency trading. This form of trading implies that trading positions open and close within the same day. 

The term “intraday trading” is often used interchangeably with day trading, as it describes the process of initiating and concluding trades within a single day. The objective of day trading is to profit from small, minute changes in the market, which are quite common due to the volatility of cryptocurrencies and changes in market sentiment, as evidenced by the crypto fear and greed index.

With day trading, you don’t have to wait for a bull run to take advantage of markets. Since crypto values are unpredictable, knowledgeable traders can benefit from this volatility. For example, while a 10% increase in value within a single day is unusual for typical stocks or commodities, such drastic jumps are commonplace in crypto. Consequently, day trading can yield substantial short-term gains.

Note that crypto day trading is not solely reliant on speculation. A sound understanding of market patterns and a robust day trading strategy are necessary to make the practice profitable.

Consider this BTC price chart for 2024. While holding long-term might not have been the best strategy, day trading could have been more profitable. 

crypto exchange day trading
Bitcoin price chart: tradingview.com

Remember: while day trading can be profitable, you should never begin trading without a comprehensive plan in place. Ensure you understand what you are doing, and never invest money you cannot afford to lose.

10 Best Crypto Exchanges for Day Trading

The best exchange will depend on your personal requirements and ability. Therefore, taking the time to analyze and understand these platforms can help you make an informed decision. Ultimately, this will enable you to capitalize on the opportunities offered by the rapidly evolving crypto market. Here are our top nine.

1. INX

Best for security tokens
Availability
U.S., E.U., and 100+
Supported assets
BTC, ETH, & 10+
Deposit fees
Bank, credit card, & USD
Trading fees
0.3% maker/ 0.4% taker

2. YouHodler

Best for free BTC cloud miner
Availability
E.U. & 150+
Supported assets
BTC & 54+
Deposit fees
0
Trading fees
1%

3. Binance

Best for altcoins trading
Availability
U.K., E.U. & 150+
Supported assets
BTC & 380+
Deposit fees
0
Trading fees
0.10%

4. Bybit

Best for futures trading
Availability
U.K., E.U. & 100+
Supported assets
BTC & 380+
Deposit fees
0
Trading fees
0.10%

5. eToro

Best for multi assets trading
Availability
U.S. only
Supported assets
BTC & 50+
Deposit fees
0
Trading fees
1%

Disclaimer

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. BeInNews Academy is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

6. AvaTrade

Best for customer support
Availability
U.K., E.U. & 190+
Supported assets
BTC & 18+
Deposit fees
0
Trading fees
From 0.15%

7. Kraken

Best for new traders
Availability
U.S., U.K., E.U. & 150+
Supported assets
BTC & 229+
Deposit fees
0
Trading fees
0.16% maker / 0.26% taker

8. StormGain

Best for full-range services
Availability
Latam, Asia
Supported assets
BTC & 30+
Deposit fees
0
Trading fees
10% on successful trades

9. BingX

Best for high leverage trades
Availability
U.K., E.U. & 70+
Supported assets
BTC & 500+
Deposit fees
0
Trading fees
0.10%

10. OKX

Best for low fees
Availability
U.K., E.U. & 100+
Supported assets
BTC & 340+
Deposit fees
0
Trading fees
0.08% maker / 0.10% taker

Crypto exchanges comparison

ExchangesAvailabilitySupported assetsDeposit feesTrading fees
INXU.S., E.U., and 100+BTC, ETH, & 10+Bank, credit card, & USD0.3% maker/ 0.4% taker
YouHodlerE.U. & 150+BTC & 54+01%
BinanceU.K., E.U. & 150+BTC & 380+00.1%
BybitU.K., E.U. & 100+BTC & 380+00.1%
eToroU.S. onlyBTC & 50+01%
AvaTradeU.K., E.U. & 190+BTC & 18+0From 0.15%
KrakenU.S., U.K., E.U. & 150+BTC & 229+00.16% maker / 0.26% taker
StormgainLatam, AsiaBTC & 30+010% on successful trades
BingXU.K., E.U. & 70+BTC & 500+00.10%
OKXU.K., E.U. & 100+BTC & 340+00.08% maker / 0.10% taker

Choose the best day trading exchange for you

Given the diversity of features across crypto day trading exchanges, it is important to consider individual trading goals, risk tolerance, and technical proficiency when choosing a platform.

From leverage options to copy trading, fee structure, and customer support, these day trading platforms offer varied services that cater to different trading styles. Whether it’s the extensive educational resources of OKX, the ease of use of BingX, or the advanced trading interface of StormGain, all of the platforms listed in this guide are equipped with features designed to facilitate profitable day trading.

Frequently asked questions

What is the best crypto trading platform for day trading?

Is crypto day trading profitable?

Can I day trade on Coinbase?

Can I do daily trading on Binance?

What factors should you consider when choosing an exchange for crypto day trading?

What are the benefits of using a crypto exchange with high liquidity for day trading?

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Iulia Vasile
Iulia Vasile is a seasoned professional in the cryptocurrency and blockchain industry, working full-time in the field since 2017. With a background in computer engineering, she has the unique ability to write about complicated topics, including DeFi, NFTs, trading, and AI, in a way that is easy to understand. Iulia learned multiple programming languages while completing her Software Engineering degree in Bucharest at Politehnica University. Iulia brings her expertise and personal...
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