You'll find hundreds of pairs on the platform - including plenty of small-cap coins and privacy coins like Monero, Vechain , etc. This includes a huge number of ERC tokens. It's also a good place to buy popular community coins like Safemoon. Nevertheless, Binance is super cheap when it comes to trading fees. In fact, you will pay just 0. Binance is also a great option if you like to perform technical analysis - as you'll find an abundance of advanced charting tools and order types.
Visit Binance Now. Coinbase is the largest cryptocurrency broker in terms of client accounts - with more than 35 million people now using the site. You will find a wide variety of digital currencies on the Coinbase website that can be purchased with ease. You will pay 3. Bank transfers are significantly cheaper - often costing less than a dollar.
The provider also offers Coinbase Pro - which is more conducive for day trading. Here, fees are lower and you will have access to more trading pairs. Coinbase also offers a top-rated day trading app - should you wish to buy and sell to trade cryptocurrencies on the move. Visit Coinbase Now. If you're interested in day trading crypto assets but don't have much experience in this industry - Capital. The platform is really simple to use and doesn't come with any over-complicated trading jargon.
Plus, the trading platform itself is clean and crisp - so placing orders is a breeze. At Capital. This covers crypto-fiat and crypto-cross pairs across a wide variety of coins. There are no day trading commission charged by the platform and spread on major pairs are very competitive. We like the fact that Capital. Or, you can start trading crypto in real time via the Capital.
This is useful if you want to learn the ropes of crypto trading before risking any money. If you're based in the US then there is every likelihood that you know about Robinhood. After all, the platform is now home to millions of Average Joe investors, is simple to use, and of course - is completely free of commission.
Much like eToro, this means that you can purchase your chosen digital agency without paying a single cent in fees. Robinhood is a great option in particular for those of you that want to invest in different cryptocurrencies but with really small amounts. In fact, Robinhood allows you to buy Bitcoin with a minimum of just 0. As a disclaimer, please note that fractional investing isn't available on all supported crypto assets - so be sure to check this yourself.
Nevertheless, Robinhood accounts can be opened online or via the mobile trading app iOS and Android. You will also have access to stock trading markets, as well as options and ETFs. In terms of payments, you'll need to do a bank transfer via wire or ACH. There is no minimum deposit at Robinhood which again - is ideal for small investments. MetaTrader 4 MT4 is the third-party trading platform of choice with experienced traders. Once you connect it to your chosen broker - you'll have access to advanced pricing charts, technical indicators, drawing tools, and more.
AvaTrade is one of the best MT4 brokers in the space to trade crypto with. Not only is the platform is regulated in six different jurisdictions but is planning to become a public stock later this year. AvaTrade offers a great range of crypto CFDs - all of which come with tight spreads. Plus, like many of the best crypto day trading platforms discussed today - AvaTrade does not charge any commissions. If you want to practice trading cryptocurrencies via MT4 - AvaTrade offers a day trading simulator.
This mirrors live crypto market conditions, albeit, you will be trading with paper trading funds. Although Forex. As crypto markets at Forex. You can also trade Bitcoin against the euro, pound sterling, and Australian dollar. When it comes to fees at Forex. There is a commission-free account with reasonable spreads - which is best for casual traders. If you're a professional trader, then the STP Pro account will be more suitable. This allows you to trade with industry-leading spreads alongside a small commission.
If funding your account with bank wire, there is no minimum deposit thresholds. Visit Forex. IG is a UK-based brokerage site that offers CFDs, forex, traditional shares and funds, managed portfolios, and cryptocurrency trading. You will have access a good selection of crypto-asset CFDs - all of which are traded against the US dollar.
There are no commissions to pay when day trading crypto at IG, as everything is built into the spread. The IG platform is favoured by technical traders that like to perform in-depth research and analysis. You can also trade via the popular third-party platform MT4.
We also like IG as it offers a crypto index that consists of 10 large-cap digital currencies. This allows you to trade the wider cryptocurrency markets as opposed to focusing on one coin. Interactive Brokers has a great reputation in the global investment and trading industry. This broker offers thousands of markets - from stocks and mutual funds to forex and IPOs.
Interactive Brokers is also a great option if you are interested in crypto derivatives. This means that you can go long or short on Bitcoin, as well as trade on margin. When it comes to fees, Interactive Brokers offers two pricing structures. This includes a fixed rate and tiered rate - with the latter being more preferable for large-scale traders. When you day trade crypto - you are speculating on the short-term value of a digital currency like Bitcoin or Ripple.
In a similar nature to forex, you will be trading pairs. In this instance, you would be trading a crypto-to-fiat pair. This is because one half of the pair is a crypto asset and the other is a fiat currency. You then have crypto-to-crypto pairs, which will consist of two digital currencies.
Irrespective of which crypto pair you are day trading - the overarching objective is to speculate on whether the exchange rate will rise or fall. If you speculate correctly, you will make a profit. However, if you thought eh pair would rise in value, you would have placed a buy order.
Crucially, crypto day trading is a short-term strategy that will see you hold onto a position for a few hours. On the other hand, if you were to hold onto a cryptocurrency position for days or weeks - this would be a swing trading strategy.
There are thousands of cryptocurrencies that can be traded online and even more in the way of pairs. However, make no mistake about it - Bitcoin is by far the best crypto for day trading. Ultimately, you can trade any pair of your choosing as long as you are prepared to put the legwork in - i. Let's be clear - if you have little to no experience of technical analysis and chart reading, you are going to find it very difficult to make consistent gains when day trading crypto.
After all, by day trading, you will be looking to enter a position and then close it a few minutes or hours later. In order to make sensible and risk-averse decisions, you will need to understand how to deploy indicators and drawing tools. Nevertheless, below you will find a couple of crypto day trading strategies that are perfect for newbies.
Copy Trading is the ultimate solution to those that wish to day trade crypto but have no understanding of how to perform technical analysis. This particular feature is available at regulated crypto trading platform eToro - which is now used by over 20 million clients. In its most basic form, you will be copying an experience crypto trader like-for-like.
The amount process will be repeated every time your chosen crypto day trader enters a new position. As such, you can day trade digital currencies in a passive manner. One of the crypto day trading strategies that is popular with inexperienced cryptocurrency investors is that of signals.. By receiving a signal, you will be told what positions to place. These crypto signals are sent by an experienced trader that has performed technical analysis on behalf of its members. In return, you will usually pay a monthly fee.
The signal will inform you at what price you should place the trade, as well as what stop-loss and take-profit orders to deploy. All in all, signals can be a great way to trade the crypto markets in a semi-passive manner - as all you need to do is place the suggested orders at your chosen platform.
Some traders will also consider deploying a crypto day trading robot. This is usually done through MT4 via a piece of software. The software file will have a list of pre-defined conditions built in which the robot will follow religiously. This will be in conjunction with technical indicators and other charting tools.
The main benefit of using a crypto trading robot is that you can trade passively 24 hours per day. After all, the robot doesn't suffer from fatigue and in many cases - it can scans thousands of markets simultaneously. On the flip side, robots can be riskier than Copy Trading or signals, as you are allowing the software file to access your capital.
It will come as no surprise to learn that Reddit is home to a huge community of cryptocurrency traders. Although you should never enter positions on the back of somebody else's viewpoints - forums like Reddit can be a great way to share trading ideas and ultimately, gauge the current sentiment of the market popular.
Ready to start day trading crypto online? If so, we are now going to show you how to use a crypto trading platform. Visit the eToro website and open an account. You will need to provider some personal information alongside your contact details. The process is quick and easy at eToro as you simply need to upload a copy of your government-issued ID for authentication.
You can now deposit funds. Deposits are free for US traders. All other nationalities will pay a small FX fee of 0. This is because the eToro platform is denominated in US dollars. To view what crypto assets eToro supports - click on the 'Trade Markets' button, followed by 'Crypto'. Alternatively, you can search for the cryptocurrency you wish to trade.
You will now need to set up a day trading order. First, select from a buy or sell order and enter your stake in US dollars. Next, enter a stop-loss and take-profit order price. If you want to enter the trade at a specific price - opt for a limit order. The crypto day trading scene is now a multi-billion-dollar industry.
As such, there are hundreds of online platforms, exchanges, and brokers that offer cryptocurrency trading markets. We found that the best crypto day trading platform for is eToro. When it comes to fees, you won't pay a single cent in commission when you day trade digital currencies at eToro. In a similar nature to stocks, forex, or any other asset for that matter - you only make money from crypto day trading if you speculate correctly. This means that you need to consistently ascertain whether your chosen crypto pair will rise or fall in value.
Our in-depth review process concluded that eToro is the best crypto day trading platform for Not only is the platform heavily regulated, but it doesn't charge any trading commissions. Yes, you can day trade crypto in the US. However, it is important to remember that crypto CFDs are not legal. As such, you will need to buy or sell the underlying asset.
Although there are hundreds of crypto platforms active in this space - most are unregulated. As such, this is why we suggest using a regulated broker like eToro or AvaTrade. In doing so, you will be using a legitimate brokerage firm that must comply with investor protection regulations. You generally have two options when it comes to day trading crypto with leverage. The easiest way is to use a broker that offers commission-free crypto CFDs - such as eToro. The other option is to use a cryptocurrency exchange that offers perpetual futures to options - such as Binance.
Looking to use Paypal at a crypto day trading site? If so, regulated brokers support Paypal deposits and withdrawals. Yes, you can short cryptocurrencies online. With that said, the easiest and most cost-effective way of doing this is to place a sell order at a crypto CFD site. Kane Pepi is a British researcher and writer that specializes in finance, financial crime, and blockchain technology.
Now based in Malta, Kane writes for a number of platforms in the online domain. In particular, Kane is skilled at explaining complex financial subjects in a user-friendly manner. Home » day trading » crypto.
Kane Pepi Pro Investor. IFC Markets also gives clients unlimited trading opportunities via its unique GeWorko Portfolio Quoting Method that lets traders create their own synthetic instruments or choose from PCI Library, synthetic instruments created by professionals. Trading and investing in cryptocurrencies often carry a considerable degree of risk, as you may have observed given the volatility of Bitcoin and some other digital currencies.
Despite the disadvantages currently associated with cryptos versus fiat currencies like lower liquidity and minimal payment options , the advantages of holding cryptocurrencies will increase as they become a more common form of payment. Like many other financial markets, the cryptocurrency market has evolved its own jargon. Some of the key terms used by market operators are defined below. Digital currency and the blockchain appear to be the future of finance.
Despite their current typical volatility and lack of widespread acceptance as a payment method, cryptocurrencies seem destined to become increasingly used for online payments. They could therefore make an interesting long-term investment, especially if you have a strong appetite for risk. Get started today with one of our recommended crypto brokers.
Cryptocurrency brokers provide speculative contracts on the price of digital currencies. You own the right to buy or sell the contracts as prices shift, not the digital currency. You can choose from a number of brokers, including Coinbase, Voyager and Gemini. Benzinga crafted a specific methodology to rank cryptocurrency exchanges and tools. We prioritized platforms based on offerings, pricing and promotions, customer service, mobile app, user experience and benefits, and security.
To see a comprehensive breakdown of our methodology, please visit see our Cryptocurrency Methodology page. This content should not be interpreted as investment advice. Cryptocurrency is a volatile market, do your independent research and only invest what you can afford to lose. Want to advertise with us? Send us a message. Best Cryptocurrencies. Best Crypto Exchanges.
Table of Contents [ Show ]. Best For Copy Trading. Overall Rating. Read Review. Best For U. Pros Several major cryptocurrencies and altcoins Expansive network of social trading features Large client base for new traders to imitate. Cons Only 29 coins available. Best For High-volume Investors. Best For High-volume investor looking for the lowest fees Mobile cryptocurrency investors Traders with limited time Those looking for a lower risk investment strategy.
Pros 12 free-to-use trading bots Low fees on all transactions Well-designed mobile offering. Cons Cannot fund account with fiat currency. Best For Crypto Newbies. Pros Clients work directly with a broker Global cryptocurrency services Enhanced security Ability to trade over 1, assets. Best For Low Fees. Best For Detailed mobile app that makes trading simple Wide range of available account types and tradable assets.
Pros Mobile app mirrors full capabilities of desktop version Easy-to-use and enhanced screening options are better than ever. Cons Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources. Best For Coinbase Learn. Best For New cryptocurrency traders Cryptocurrency traders interested in major pairs Cryptocurrency traders interested in a simple platform. Pros Simple platform is easy to operate Comprehensive mobile app mirrors desktop functionality Coinbase Earn feature rewards you with crypto for learning about available coins.
Cons Higher fees than competitors. Best For Beginner cryptocurrency investors. Best For Investors who want to add gold, silver or cryptocurrencies to their IRA Those who are interested in taking a long-term approach to cryptocurrency or metal investing Beginner cryptocurrency investors.
Cons Limited number of cryptocurrencies to buy and sell No mobile app currently available. Best For Low Minimums. Webull is widely considered one of the best Robinhood alternatives. Best For Active traders Intermediate traders. Pros No charges to open and maintain an account No account maintenance fees or software platform fees Intuitive trading platform with technical and fundamental analysis tools.
Cons Only offers 14 coins. Best For Mobile Traders. Best For Cryptocurrency investors looking for a wide selection of supported projects. Investors who prefer mobile trading. Anyone interested in earning interest on their crypto investments. Pros Simple, straightforward and intuitive mobile platform Wealth of investment opportunities Allows users to earn interest on select crypto investments. Cons Only available for mobile users — no desktop platform Limited routes to contact customer service team.
Best For Fee-free trading Beginner crypto investors Doge day traders. Pros Commision-free trading Access to Dogecoin. Cons Limited altcoin selection No wallet capabilities. Best For No or Low Fees. Best For Crypto native clients Crypto curious clients. Pros Mostly fee-free platform Market-best interest rates Earn interest, trade and borrow from a centralized hub using the BlockFi app.
Cons Mostly restricted to those with a base knowledge of cryptocurrency No dedicated relationship with an investment advisor, so best for those who have a solid handle on crypto trading.
eToro – Overall Best Day Trading Platform for huge.crptocurrencyupdates.com – One of the Best Crypto Exchanges for Day Trading. Coinbase – Top Crypto Day Trading Site for Beginners.