6 Best Crypto Exchanges for Day Trading

Exchange

In this article, we list the best platforms for crypto day trading in the USA and rest of the world where leverage, low fees, high security, and high customer satisfaction is a priority. The platforms reviewed have all been vetted by our seasoned crypto experts Charles and Fletcher who together have been working over 20 years with financial technology and trading institutions.

We’ve made extensive research for each platform listed below with 35 data points analyzed. If you are into scalping, then this article is for you.

What is the best crypto exchange for day trading?

BYDFi – Best crypto exchange for day trading overall – No KYC – High leverage (200x) and lowest fees (0,02%) – Accepts traders from the USA
BTCC – Day trade the top daily movers with 225x leverage – Perpetual contracts without expire date – Available in the USA
MEXC – Crypto day trading platform with demo trading – Daily competitions – Lowest maker fees
BingX – Copy day trading strategies from top traders – For both beginners and expert crypto day traders
Phemex – Best crypto day trading app – Offers trading with No KYC for US traders – Day trading bots available
Bybit – Best options and derivatives crypto day trading platform – Filter hot trading pairs and futures

Affiliate and investing disclaimer: This article is not intended as financial guidance. Investing and trading in cryptocurrencies is risky. Always conduct your own research prior to investing. Trading with leverage is very risky and you stand to lose all your capital. Certain links provided are affiliate links, which means we earn a commission at no additional cost to you. Despite this, our content maintains its impartiality and is not influenced by our partners.

Key takeaways

BYDFi stands out as the top crypto exchange for day trading. Its user-centric design, coupled with a fee structure that’s among the lowest in the market, positions it as an ideal platform for both novice and seasoned traders. The high leverage of up to 200x is a significant advantage for those looking to maximize their trading potential.
Our review process involved a meticulous examination of various platforms, considering factors like fees, security, customer support, and overall user experience. Each platform was tested with real money trades, ensuring our recommendations are based on firsthand experience and not just theoretical analysis.

Review of the top crypto platforms for day trading

Each review was conducted with a real test of the platform where one of our experts deposited money and made a series of live trades to analyze these features:

Fees
Day trading tools
Account security
Customer support
Overall customer experience
Deposit methods
KYC
Available crypto assets
Latency and performance

BYDFi: Top crypto day trading platform for US traders

Our rating: 5.0/5.0

BYDFi overview

Founded in 2019 and once known as Bityard, BYDFi has quickly taken the crown as the go-to crypto day trading platform in the USA. What makes BYDFi so special is that it’s designed with American traders in mind, perfect for those looking to dip their toes or dive deep into day trading.

What really makes BYDFi stand out is how easy it is to use. It doesn’t matter if you’re just starting out or if you’ve been trading for years; BYDFi has something for everyone. With its sleek trading interface that includes TradingView charts, super low trading fees of just 0.02% for contracts, support for crypto margin trading, and a whopping list of over 400 cryptocurrencies, it’s got all the bells and whistles.

But there’s more. BYDFi also offers crypto derivatives trading with leverage up to 200x and top-notch security, like multi-signature cold storage. Plus, its ability to operate in the USA with a Money Service Business license means it’s a solid choice for US traders wanting a dependable and effective day trading platform.

When I gave BYDFi a whirl for a couple of days, focusing on Ethereum (ETH) and Bitcoin (BTC) contracts, the low taker fee of only 0.02% really made a difference in my trading game. I barely noticed the fees, which let me keep more of my earnings.

My first day trading ETH contracts ended with a cool $500 in profit. The next day, trading BTC, was even better, bringing in $750. And the fees? A total steal at just $15, thanks to BYDFi’s competitive fees.

What really caught my attention on BYDFi were the advanced trading tools. The TradingView charts integrated right into the platform were a game changer, offering up clear, in-depth market analysis that really guided my trades. This, along with the platform’s solid security and intuitive design, made my trading experience not just profitable but genuinely fun.

What features does BYDFi offer?

Incorporates TradingView charts
Low Fee Structure
Multi-signature and cold storage
Over 400 listed coins
High Leverage Options up to 200x
User-Centric Design
Mobile Trading App
Educational Resources
24/7 Customer Support
Accessible for US traders

Pros

BYDFi’s platform ensures quick execution of trades, a crucial factor for day traders who capitalize on market volatility.
Traders can tailor the trading dashboard to their preferences, enhancing efficiency and focus.
Ensures smooth execution of large volume trades without significant price slippage.
Includes stop-loss and take-profit options, allowing traders to manage risks effectively.
Traders can view market depth, understanding the buy and sell orders in the market, which is vital for short-term trading strategies.

Cons

The array of advanced features might overwhelm beginners in day trading.
Holding leveraged positions overnight can incur significant funding charges, impacting profitability.
While offering basic educational materials, the platform might lack in-depth resources for advanced trading strategies.

Fees

Spot Trading Fees: Maker and Taker Transaction Fee ranges from 0.1% to 0.3%.
Perpetual Contracts (USDT-M & COIN-M): Taker Fee is 0.06%, and Maker Fee is 0.02%.
Leveraged Tokens: Transaction Fee is 0.2%, with a Management Fee of 0.03% of the true value charged daily.
Withdrawal Fees: Vary by cryptocurrency, e.g., 0.0005 BTC for Bitcoin withdrawals and 0.01 ETH for Ethereum withdrawals.

BTCC: Best crypto exchange for day trading with high leverage

Our rating: 4.8/5.0

BTCC overview

BTCC really shines as the top platform for crypto day trading if you’re looking for high leverage, boasting a jaw-dropping leverage of up to 225x. This platform, hailing from London and hitting the scene in 2011, has made a name for itself as both reliable and super innovative in the whole crypto world.

At the start, BTCC was all about Bitcoin and Ethereum, but now they’ve upped their game to include more than 200 different altcoins. What’s cool about them is their top-notch security features and how they keep the digital currency in cold wallets, which basically means your trading is as safe as it gets.

BTCC has modern and user-friendly platform for trading crypto contracts and also mobile apps for both Android and iOS, making it super accessible whether you’re just starting out or you’ve been trading for a while.

They have a pretty fair fee setup that includes charges for adding and taking out money, trading fees, and even fees if you’re into using mining pools. But, it’s worth mentioning that BTCC isn’t regulated at the moment.

So, I decided to give BTCC’s day trading platform a test, mainly trading Bitcoin against USDT. I was all about using market and limit orders to try and make some cash off the short-term price changes.

The fees were totally reasonable, sitting at 0.06% for both taker fees. I was really into their interactive charts and the bunch of different order types you could use, which made the whole thing a lot more interesting.

On this one day of trading, I was all over the place, keeping an eye on how unpredictable the market was. The platform was super easy to get the hang…