Crypto-day trading is a trading strategy involving a trader entering and exiting positions within the same day. This trading strategy is also called” intraday trading” since the trade tends to open and close within a day.

The main aim of crypto day traders is to profit off price changes in the market. The volatile structure of cryptocurrency makes day trading a highly lucrative commodity and makes traders lose massively.

For instance, it is almost impossible for a traditional stock or commodity to see a 10% jump in a single day but spikes like this are very common in crypto.

Like other forms of trading, crypto-day trading is beyond just a mere guess and requires expert analysis before you can start trading.

There are many trading strategies traders can use. Still, we advise traders to have a solid strategy they can often use to earn massively and avoid asset loss.

Features

It has a 98% cold storage policy to secure its customers’ funds.
It supports 100+ cryptocurrencies.
It has a trading fee of 0.5%.
It supports multiple payment methods for its users to add US dollars easily.
If you are looking for the best crypto day trading platforms for beginners, we recommend Coinbase because it allows you to start with a small amount of money, and opening of account takes a few minutes.

2. Crypto.com
If you are a trader looking for the best platform to trade on a diverse market, crypto.com is what we recommend for you. This platform was launched in 2016 and has been a major global player as far as exchange exists.

Another aspect of this platform that we like is that it provides leveraged financial products; this not only gives you a chance on crypto day trading but with leverage up to 10x, making it highly profitable when trading.

3. eToro
eToro is popularly known for its low fee in trading crypto and its user-friendly interface. More than 40+ spot trading markets can be traded on the eToro platform, all of which are paired against the US dollars. Furthermore, you can swap digital assets for fiat currencies like the British pound and Euro. eToro allows beginners to trade on a low fee before mastering the game.

Features

It has a minimum deposit of $10.
It has a low trading fee.
4. Bitstamp
Bitstamp is a well-known cryptocurrency platform. Over 50 different cryptocurrencies are available for investors to trade on their platform, which serves over 4 million of its customers globally.

A low trading fee is one of the most important criteria when selecting a day trading platform, and Bitstamp fits these criteria.

Features

It has the lowest trading fee for crypto-day trading.
It is both suitable for day trading in the browser and mobile app.
5. Binance
The Binance trading and exchange platform is the world’s largest crypto exchange, with its headquarters on Cayman Island. The Binance trading platform is also suitable for day traders because of its low trading commission of 0.10% per slide. Also, if you find yourself trading larger amounts throughout the month, Binance will reduce your trading commission. Binance offers a 25% reduction in commission for traders paying their fees with BNB.

Source: https://eodvn.com/crypto-day-trading-platforms/

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