If you are looking for the best crypto trading platform and exchanges of 2021 you have landed on the right page.
Here I will only list the top platforms to trade crypto where you will be able to scalp, day trade, and swing trade cryptocurrencies.
Online crypto trading platforms have been improved over the years when it comes to security and functionality but it still takes some research for traders to pick the right place to trade.
These exchanges have fully developed trading interfaces with all the necessary tools and indicators for your trading.
This is the list of the best crypto trading platforms for active day traders in 2021:
- Prime XBT
Below follows a list of the top cryptocurrency platforms for trading where you will find some quick info to compare them all.
Browse through the platforms and select the one that will suit your trade style best and then create an account.
Best Crypto Trading Platforms Compared
|Exchange||Coins||Payment Method||Trading Fee||Info|
✓ Recommended Broker!
✓ Great Day Trading Interface
✓ Bitcoin CFD-Trading
0.00 - o.57 pips
✓ Crypto Scalping Platform
✓ Stop Loss Take Profit orders
✓ CySEC + FCA + FSC Regulated
✓ Lowest Trading Fees!
✓ High Crypto Leverage
Skilling – Best Platform for Crypto Day Traders
| Great Charting|
for active Day Traders
|Not many Altcoins!|
|Many payment options|
| Regulated by CySEC +|
| Cryptocurrency |
Skilling is crypto trading platform for day traders which is based in Malta with it’s headquarters in Nicosia, Cyprus.
This is a CFD-Crypto platform that offers excellent tools and order selections for active traders who are looking to take their trading to the next level.
On Skilling you will be able to enjoy:
- Cryptocurrency Scalping
- Negative Balance Protection
- Micro Lot Trading (0.01)
- Minimum Deposit from 100€
- Three different charting packages
Since Skilling is regulated both by CySEC and FSA it’s safe to say that your funds will be kept secure while you are not trading and that this is a trusted crypto trading platform.
When it comes to fees, Skilling is one of the cheaper platforms to day trade or scalp crypto.
Cryptocurrencies are traded as swaps on Skilling and they have a basic trading fee of 0.04% per trade.
When it comes to deposits fees you are not charged for making a deposit or a withdrawal.
This goes for all their payment methods, 0% fees.
Skilling Trade Interface
What makes skilling one of the best platform for trading cryptocurrency is their trade interface.
You will be able to use take profit and stop loss orders when you buy or short.
Also, Market orders and Limit orders are available depending on your style of trading.
All prices are calculated before you open the position so you will see exactly how much you will win or where your stop loss will be.
Of course, all the necessary tools and indicators are at hand including 1min time frames for crypto day traders or scalpers.
So, which platform is best for trade cryptocurrency you ask, I would give Skilling a try.
Remember, they have a demo-account option if you want to test drive before you start trading.
Capital.com – Great for all Crypto Traders
|0% Crypto Comission||No Crypto Transactions|
| Negative Balance|
| Great Trading |
| Fully Regulated|
When it comes to cryptocurrency trading and educational help, Capital.com is one of the best choices for new and experienced traders.
Here you will be able to start as a new trader and learn your as you progress with the help from the “learn how to trade” section.
Capital.com is taking active crypto trading very seriously and they focus on the traders a lot.
They have plenty of tools to leverage your knowledge such as:
- Crypto Guides
- Strategy Guides
- Trading Psychology Guides
- Capital.com TV
This and much more is directly available as soon as you start to trade.
This helps a lot if you are a new crypto day trader and if you are more experienced you can use their tools to propel your success.
They also have great customer support and you will always be able to contact anyone in case you need to.
The reason why Capital.com is on the list of the best crypto trading platforms of 2021 is thanks to their 0% commission and very tight spreads.
Here you are not paying any commission when you trade, you only have to work with the spreads on the platform which are super slim.
Deposit and withdrawal fees are also 0, this makes it very cheap to get started if you for example are using a credit card.
Capital.com Trade Interface
Let’s take a look at the trading interface on the platform.
One good feature is the stop loss and take profit that comes with this charting package.
On Capital.com you can day trade crypto with stop loss and tak profit and it’s super easy.
To the right, on the screen, you can see the buy and sell button and above this, you will find the stop loss and take profit orders.
Here you will be able to adjust your gain and your loss.
Nothing goes out of hand on this platform, everything is decided before you even start to trade.
In this example, I choose to have a look at Ethereum at the 1 minute time frame and I must say that this interface really gets me.
It’s mega fast and you can easily scalp or day trade your cryptocurrencies here.
Also, the interface comes in bright mode where everything is more white.
Axi – Best for active Crypto Traders in the UK
| No digital wallet |
|Not Many Altcoins!|
| MT4 Crypto Trading|
|0$ minimum deposit|
Axi is a crypto trading platform from the UK where you can day trade and swing trade your major cryptocurrencies.
Axi offers several different trade platforms like MT4, AxiOne, and PsyQuation.
Psy Quation is using machine learning and AI to generate trade ideas for which can be very helpful when testing new strategies and new coins.
Some special features on Axi are:
- Spreads from 0.04
- Mobile App
- Major currencies accepted AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
- Cryptocurrency demo-account
- Trade signals from PsyQuation
If you are wondering where you can day trade cryptocurrencies, you should try out Axi.
Thanks to the variety of trade platforms, low spread costs, and very low minimum deposits you can start slow and work your way up.
As one of the most promising crypto trading platforms for day traders, I would expect nothing else than low fees and this is exactly what you get with Axi.
Axi charges 0 commission on your trades, only a spread on the price which is set from 0.04 pips. This is for the standard account, if you wish to lower your spreads to 0.0 you can do so with the Pro account.
You are able to deposit and withdraw your funds easily from Axi using:
- Bank Transfer
- Bank Wire
- China Union Pay
There are no fees for deposits and withdrawals with any of the payment methods. Bank transfers take around 3-5 working days to arrive. Using your credit card to start day trading is the fastest way to get started where the deposits are instant.
Axi Trade Interface
As one of the best platforms for day trading cryptocurrency, Axi has several options when it comes to trade interfaces.
You have 4 different charting packages to choose from:
- MT4 WebTrader
MT4 is one of the best charting packages for day traders and it’s used by professionals all over the world. On Axi you can choose to use the MT4 as a web trader where you trade in your browser.
Here is a snapshot of the MT4 WebTrader tool.
This charting package is very clean and has all the tools you need to start scalping and day trading cryptocurrencies.
For me MT4 has always been of the best crypto platforms to day trade crypto and bitcoin.
You can use this MT4 webtrader on all devices such as Windows, Mac, and smart phones.
The other charting package on Axi is the AxiOne platform.
This chartin tool has to be downloaded and is a very powerful tool for experienced traders.
Overall, if you are looking for a cryptocurrency platform to day trade your coins I would definitely recommend that you try out Axi.
Check out their different account types before you start, and remember they also have demo account options if you want to try the platform before depositing.
FPmarkets – Best for Crypto Day traders in Australia
| One Click Trading|
for Day Traders
|No Crypto Wallet|
|0% Commission||Few Coins|
| 50 Drawing tools + 59 |
|Trade on Windows, Mac, iOS, Android|
FPmarkets is an award-winning crypto trading platform for having some of the lowest spreads by all of the CFD-brokers.
You don’t pay any commission when you trade on FPmarkets and the spread is sometimes as narrow as 0.0 thanks to the liquidity and the number of traders using the platform.
What makes them stand out is their fantastic tools with a completely customizable trade interface.
You will be able to trade cryptocurrencies with all the drawing tools, technical indicators, stop loss, and take profits that you need to improve.
Another great thing is before you start trading with real money you can give it a try with their demo-account for cryptocurrencies.
Some features that sticks out for me on FPmarkets are:
- Regulated by CySEC
- Crypto Leverage
- Metatrader 4 + 5
- Iress active trader platform
- Traders Toolbox
- Forex Calculator
This along with video tutorials, economic calendars, E-books, and lots more help with both technical and fundamental analysis is available on this platform.
Something very interesting is the Iress platform.
It is especially design to help very active day traders and scalpers with their daily trades.
It is super fast and more advanced functionalities for all active cryptocurrency traders who are looking for a more professional platform.
On FPmarkets there are literally no fees on deposits and withdrawals with all the popular payment methods such as Credit Cards, Bank Transfer, PayPal, and famous e-wallets such as Neteller and Skrill.
When you trade, there are different tables for your spread.
Remember, FPmarkets charges 0% real commission on your trades so the only thing you need to check is the spread in the market you trade, and what platform you are using.
If you trade with Iress you only need to generate $150 in commission per month to receive the platform for free.
Other than that the MT4 platform is compeltely free.
The spreas on each market ranges from around 0.00 pips to roguhly 0.60 pips.
FPmarkets Trade Interface
On FPmarkets you have several different trading platforms to choose between:
Iress is the most powerful tool which is more focused on active crypto day traders that trade heavily and very often.
It comes with advanced functionalities to help you stay in the game with very fast execution and the latest technology.
Also MT4 and MT5 is available for those who are used to trade with these options.
As usual it comes with a range of handy tools to make your trading as easy as possible.
I think MT4 and MT5 are some of the best platforms to day trade cryptocurrencies and FPmarkets are providing both options.
Overall I would definitely recommend you to try this broker.
Start with a free 30 day demo account and see what you think.
Avatrade – Best for Crypto Day Traders in the UK
|Best Crypto App||No Crypto Wallet|
|Automated Trading||No Crypto Deposits|
|300,000+ active traders|
| Fully regulated Crypto|
Avatrade is an impressive platform with most of the top 10 cryptocurrencies available for day trading through their professional systems.
Avatrade has gotten awarded for its incredibly good trading app where you can trade cryptocurrencies from your smartphone.
It sounds silly but it’s actually really good, try it out.
This is one of those platforms where you get impressed by things like automated trading, professional trading trainers, and different analysis help tools.
More features that makes Avatrade stand out is:
- Economic Calendar
- Trading calculator
- Metatrader 4 + 5
- Great trading videos
- All order types (stop loss/take profit)
- Protection technology
- AVATradeGo for mobile trades
- Crypto demo-account
Are you an experienced trader and you are only interested in a platform that can support high levels of active day trading?
Then Avatrade has an option to open a professional account and trade with inhouse capital.
This and much more is available at this CFD-broker, let’s take a look at the fees and trade interface.
In this article, we are looking to find the best crypto trading platform, and fees play a huge role for an active trader.
On Avatrade you trade with very low spreads.
The spreads will differ depending on market activity but from what I’ve noticed they are pretty slim.
All deposit methods such as credit cards, bank transfers, and e-wallets are free off charge.
Avatrade Trade Interface
The Avatrade trade interface on Avatrade has all the necessary tools such as take profit and stop-loss orders that you need for protection.
Of course all technical indicators that you need is readily available when you trade.
This is a 1-minute chart of Bitcoin Cash and I really like how it looks.
The stop loss and take profit orders are on the right side, just below the position sizing.
Keep in mind that Avatrade has two more professional platforms, MT4 and MT5 for more advanced cryptocurrency traders.
Also, another thing to keep in mind is that Avatrade offers a demo account for anyone who wants to try things out before they start for real.
For me, Avatrade definitely proves to be one of the best crypto trading platforms for active day traders in 2021.
Start a demo account and see how you like it.
FXTM – Good for Crypto Day Trading Signals
|7 Different Account Types|
|Excellent Customer Support|
|Day Trade Signals|
FXTM is really focusing on the traders when it comes to choosing an account type.
There are 7 different account types to choose from depending on your bankroll, how experienced you are, and what product you want to trade.
This is something that we don’t often see on other brokers and they take it very seriously.
Over 2 million people have chosen to trade with FXTM and I really understand why.
This platform is packed with the best charting packages you can get, customized accounts, insanely good customer service, and a range of trading tools to help you improve.
On FXTM you will be able to go through some of these features:
- Metatrader 4 / 5
- FXTM Signals
- FXTM Pivot Point Strategy
- FXTM Invest Profit Calculator
- Great Copy Trading
- Copy Trading Guide
- Short Trade Video Guides
- Trade Seminars
- Trade Webinars
- Education Videos
The list of helpful material continues after that and I’m very positively surprised by how much help you can get from FXTM.
So you still ask, which platform is best to trade cryptocurrency?
I think FXTM does a very good job of showing how serious they are in this game.
If you are not convinced just by browsing the broker you can always open a demo account and start day trading cryptocurrencies in a live environment before you go all in.
On FXTM all deposits are completely free whether you use a credit card, bank transfer, or an e-wallet.
FXTM has one of the biggest variations on deposit methods, so it doesn’t matter where you come from, there will be an option for everyone.
Some deposit methods will have a fee, check out their Deposit & Withdrawal page to get a clear picture.
When it comes to actual trade commission it depends how big your account is and what your average monthly trade volume is.
You will be compensated for havin a larger account with a more active trade style.
Commissions start from $20 and goes down do $4 for really active day traders.
FXTM Trade Interface
On FXTM you have severa differnt charting packages to choose from, including MT4, MT5, and their own webtrader.
They have a very good mobile trade platform for cryptocurrencies as well if you would like to trade on the go.
Here is a quick look at the MT5 platform to get you an idea of how it looks.
MT4 and MT5 platforms are some of the most used today and you will find all the tools you need to excel in your trading.
Stop-loss orders and take profit orders are at your disposal anytime you trade to protect your downside and calculate profit potential.
When you create your account you can choose which platform suits you best.
Don’t forget to start with a demo account if you are unsure where to put your money.
If you are still asking, where can I day trade cryptocurrency?
This question has been answered over and over again and I would definitely recommend that you give FXTM a try.
Prime XBT – High Leverage Crypto Day Trading
| Pure Crypto Day Trading|
| One-click leverage |
| No KYC documents|
| Crypto copy |
If you want to trade the major cryptocurrencies actively with either scalping or pure day trading you should definitely try out Prime XBT.
This crypto trading platform is best for day traders who are looking for fast entries and exits in the market.
With their one-click trade function, you will easily be able to scalp cryptocurrencies with help of the professional charting package.
Prime XBT is a relatively new broker and was founded in 2018 but they are already serving traders in over 150 countries and the list keeps growing.
The thing that makes this exchange so popular is its intuitive trading platform for cryptocurrencies and other assets.
On Prime XBT you will enjoy:
- Crypto Leverage
- Very active crypto scalping and day trading
- Professional charting
- All indicators and tools
- Turbo Trade with high leverage
- Crypto and credit card deposits
So if you are a crypto trader looking for a fast and responsive platform to execute your trades instantly you should try out Prime XBT.
All trades on Prime XBT are executed on Amazon AWS servers which lets them have 100% uptime and a very fast trade engine.
Also, this platform has very low slippage compared to other industy veterans like Bitmex.
During 2021, Prime XBT only experienced 74.1% slippage which is well over the average.
This and much more make a Prime XBT a very competent and one of the best crypto trading platforms for day traders and active scalpers.
Prime XBT Fees
If you are looking for a pure crypto platform to day trade with low fees you will be happily surprised with the Prime XBT fees.
The basic trading fee is 0.05% and the fee for deposit with a credit card is around 5% depending on which payment processor you use.
This makes this broker one of the most best sites to start day trading cryptocurrencies.
Prime XBT Trade Interface
When it comes to the actual day trading on Prime XBT it’s well suited for all crypto traders.
Take a look at this setup of their trading interface.
This is a very fast and responsive charting package with all the tools you need.
With the one-click trade option, you will be able to scalp in and out very fast when trading cryptocurrencies.
An crypto trading platform for very active traders.
Phemex – Best Crypto Day Trading Platform with Leverage
|1:100 Crypto Leverage||Not as much Educational service|
|Buy Bitcoin Instantly|
|$80 Welcone Bonus|
Phemex is a pure crypto trading platform where you can deposit och even buy bitcoin with a credit card.
This cryptocurrency exchange has a very professioanl trade interface as you will see later on.
If you wonder what the best crypto exchange for day trading cryptocurrencies, you have come to the right platform.
Here are some of the features you will see on Phemex:
- Buy Bitcoin with Credit Card
- 1:100 Leverage
- Zero-Fee Crypto Trading
- Welcome bonus of $80
- Support with Live Chat
- Premium Membership
- Contract Trading
- Great Technical Charting for Crypto
The premium membership lets you trade faster and it comes with more functionality.
Zero Taker fees for Web and App with a -0,025% maker fee where you actually make money from placing trades in their market.
That’s right, if you place limit orders on Phemex you act as a market maker and you will get awarded with a rebate fee when you trade, pretty good.
As a premium member there are no withdrawal limits on cryptocurrency withdrawals.
There are no fees when you deposit bitcoin or when you buy bitcoin with USD.
Standard users pay a very small fee of 0.10% if they are a standard member, if you sign up as a premium member you will be able to trade for free.
Yes, free cryptocurrency trading on Phemex if you join as a premium member.
With contract trades where you trade with leverage, there is a small fee of 0.0001 USD – 0.5 USD for all traders.
Phemex Trade Interface
Now if you are looking for a cryptocurrency platform with charting and drawing tools you have to try out Phemex.
This trade interface is built with Tradingview which tells me that it’s quality.
Here is quick look at the spot trading interface on Phemex.
To the left, you have your order selection with all the possible orders you need such as market orders and limit orders.
To the left of the chart is the order depth, or the order book as some people say.
Here you will be able to see all the orders coming in to the market as you trade live.
Many cryptocurrency scalpers and day traders rely on this information to make good decisions.
On the right hand you will see all excecuted orders that goes through the market.
Here you can spot large orders that is either being absorbed by the market or pushing it further in some directions.
Overall, I think Phemex definitely deserves a spot on the list of the best crypto trading platform for 2021.
Try it out and see if you prefer a real cryptocurrency exchange instead of a CFD-broker.
What is a Crypto Trading Platform?
What is the best platform to buy and sell cryptocurrency you may ask?
If this is the case, then you are looking for a crypto trading platform to handle your business.
Here you can trade cryptocurrency with different tools to help you increase your potential profits.
Most digital asset exchanges have developed charting packages with the latest educational tools and technical indicators to assist your trading.
Some of them also allow leveraged trading or short trading for taking to the opposite side of the market.
A crypto trading platform is purely made for active trading like day trading or scalping crypto.
That’s it, if you are looking for a safe place to store your coins or somewhere to invest long-term in blockchain technology, you will do better elsewhere.
On most trading platforms for cryptocurrency, you will see different account types for all the different traders out there.
All of this is supposed to be tailored for your needs.
Keep reading to learn more on this topic.
Best Platform for day trading Cryptocurrency
Where can I day trade cryptocurrencies?
I’ve ended up with a list of 8 great platforms for cryptocurrency day trading and scalping:
This is a question many traders ask themselves out there every day and in this article, I intend on filling this knowledge gap.
There are several good brokers out there that will handle your trading well, but some of them stick out to me due to special features like:
- Good Crypto Trading Education
- Professional Trading Platform
- Different Account Types for all traders
- Great Mobile App Trading
- Fully Licensed & Regulated
- Very Low Fees
- Several Payment Methods
- Accepted Currencies and Countries
- Excellent Customer Support
These are some of the things I look at when I review any platform that involves cryptocurrency day trading.
Many fail the test and I always choose to leave them outside of this list.
Only two of these platforms are real cryptocurrency exchanges which allow for blockchain deposits and transactions, Prime XBT, and Phemex.
The rest is a mix of new and older CFD-platforms for crypto trading.
The only downside I’ve found to the CFD-brokers is that they offer very few coins to trade.
However, if you are looking for a place to day trade more coins I would recommend these exchanges instead:
In total all of these exchanges have almost 1000 coins together.
Here you will find a lot of new coins that just came onto the market and is available to start day to trade right now.
These platforms also have very low trading fees and the charting tools are great.
That wraps up the best crypto trading platform for 2021.
Give them a try to see which one you prefer, enjoy.
Best Crypto Trading Platform UK
What is the best crypto trading platform in the UK?
My short answer is Axi.com.
This crypto trading platform from the UK is regulated by the British Financial Conduct Authority or the British FCA.
Day trade and scalping in cryptocurrencies is tailored for people living in the UK, along with deposit methods such as:
- Bank Transfer
On this platform you will be able to trade on the MT4 platform with 0% commission and $0 minimum deposit.
If you are new you can always start with a demo account and work your way up after you are familiar with the platform.
2019 they won the award for the best broker in Europe, that’s convincing enough.
Try it out and see how you like it, I really enjoyed Axi and I definitely recommend it to all cryptocurrency day traders from the UK.
Best Crypto Trading Platform US
Which is the best crypto trading platform in the US?
I have a few brokers to recommend but there is one in particular that stands out to me when it comes to active day trading of cryptocurrencies in the US.
Kraken is the leader when it comes to digital asset trading.
This is definitely one of the best crypto trading platforms by far i the US and is trusted by millions of active day traders.
On Kraken you will enjoy:
- Crypto deposits
- Bank Transfer deposit
- 50x Crypto Future Leverage
- Excellent Interface from Tradingview
- Great Customer Service
- High-End Platform security
- Lowest fees for Leverage Trades
What’s good about Kraken is that they take security very seriously so you never have to worry about your coins while you trade.
It’s not only a good place to start day trade your digital assets, you are also able to buy and invest in the cryptocurrnecy companies that you have scoutet for long-term holds.
Try them out and see if you like them just as much as I do.
Best Crypto Trading Platform Australia
Where to day trade cryptocurrencies in Australia?
Avatrade is a regulated broker-dealer where Australian day traders can start trading with a demo account or jump into real trading right away.
Avatrade is regulated by the Australian Securities and Investment Commission, ASIC.
This is a place where you can really take your crypto day trading to the next level.
On Avatrade, Australian traders will be able to use:
- Automated Trading
- Trading Education
- Top Security
- Great Customer Support
- AvaTrade GO for smartphones
- MT4 and 5
- Mac Trading
There is absolutely 0 commission when Australians day trade cryptocurrencies on Avatrade.
The spreads are extremely low thanks to the high activity of traders on the platform.
So, if you are from Australia and is looking for the best crypto trading platform, Avatrade is highly recommended by me.
Best Crypto Trading Platform Canada
Where to day trade cryptocurrencies in Canada?
If you are looking for a new broker to start trading crypto from Canada I would highly recommend that you give Capital.com a shot.
This platform is regulated by FCA / CySEC and will for sure give you everything you need to improve and excel.
Capital is great for day traders from Canada where you will be able to use:
- 0% Commission on Cryptocurrencies
- Great Educational Tools
- Different CFD Account Types
- Crypto Trading Guide
- Trade Psychology Guide
- Trusted by over 750,000 traders
- Award-winning Trade Platform
On Capital.com you will also be able to see how they incoroprate AI for day traders.
You also have a great mobile app for crypto day traders.
So all traders from Canada, give it a try and see how you like it.
If you want to start slow you can always open a demo account before you make your first deposit.
Best Crypto Trading Platform South Africa
Where to day trade cryptocurrencies in South Africa?
Many sites will offer good trading for traders Coming from South Africa but I would recommend that you try out FXTM.
One reason this is the best crypto trading platform for traders in South Africa is due to their license.
FXTM is regulated by Financial Sector Conduct Authority (FSCA) of South Africa.
This brings transparency and trust to everyone who is interested to join.
It’s a very reliable and truested CFD broker that allows South African crypto day traders to join.
Here you will find features such as:
- Day Trade Signals
- 7 Different Account types
- Great Customer Support
- Copy Trades
- Several Educational Guides
- MT4 + MT5 platform
This plus many more features are ready when you sign up.
Remember that on FXTM you will always have protection of funds when you trade.
Give it a try and see how you like the charting packages, enjoy!
Crypto Trading Platform with Lowest Fees
What crypto trading platform has the lowest fees?
Most of the platforms I’ve listed above are offering 0% commission on your trades.
There is of course a spread for every trade that you make but with more and more platforms getting involved, this spread is getting thinner by the day.
Here is a list of the best crypto trading platforms with the lowest fees of 2021:
It is very important that you find a broker with low fees, especially if you are a very active day trader.
Fees can eat up your profits fast if you are going in and out of the markets many times per day and having a broker with low fees will help a lot.
All of these crypto trading platforms have some of the lowest fees on the market of 2021.
They are also very trusted and have a reputation as a reliable broker.
All of the CFD-brokers will not charge a fee on deposit.
However, if you deposit on a pure crypto exchange such as Phemex and Prime XBT there is a small fee on credit cards for example.
But when it comes to the actual trade fee these platforms have the best rates.
Crypto Trading Platform with Leverage and Low Fees
Another thing to think about for all trader who day trade crypto with leverage.
When you day trade cryptocurrency with leverage your fees are increased with the amount of leverage you use.
This is also why I’ve chosen to recommend these platforms.
Many of them offer day trading crypto with leverage so therefore it’s essential that you have as low fees as possible.
So, for example, if you have an account size of $1000 and you open a position of $1000 and your trade fee is around 0.10% you will pay $1 in fees.
Now, if you are day trading crypto with leverage with the same account, $1000 but you use 100x leverage your new position size will be $100,000.
When you open this position with a 0.10% fee your new fee will be $100.
If you are an active day trader and you take around 20-100 trades per day your fees add up.
This is something to think about when you choose a broker.
You either need a very large bank roll or a crypto trading platform that offers leverage with the lowest fees on the market.
Is it possible to day trade Cryptocurrency?
Can you make a living off trading cryptocurrency?
How much money do you need to day trade cryptocurrency?
There are so many questions regarding this topic and many traders are very confused if it is possible to day trade cryptocurrency.
The answer is yes, it’s definitely possible.
There are many people who support their living by speculating on digital assets.
It will take time to learn the craft and it will cost money at first, but when you learn how to do it it’s very rewarding.
Digital assets and all the coins on the blockchain are more volatile than the normal markets so people coming from other currency markets for example will have to adapt and maybe reduce the position sizes at first.
What you need is a great platform where you can either start learning if you are new or and the new charting technology out there.
Many of the better websites today have great educational tools so don’t hesitate to start as a new trader.
At the top of this article, I’ve recommended the best crypto trading platforms of 2021 and all of them are 100% beginner-friendly.
Start out with a demo-account and go from there, good luck!
Where to day trade Crypto?
Where and how do you day trade crypto is a common question among traders today.
What most people don’t know is that crypto exchanges and brokers have developed a lot only in the past years and now you can day trade crypto on many different sites.
Here is a list of sites where you can day trade crypto:
This is a mix of trading sites that are purely blockchain trade sites and also CFD-trading sites.
Pure blockchain trade sites allow for cryptocurrency deposits, so if you own some coin and you want to start trading this is definitely for you.
The other CFD-sites are platforms with great charting and very good educational tools.
Also, most of the CFD-sites are regulated while the blockchain trade sites are not.
It depends on what you are looking for so start by going through them one by one.
You can click the name to visit the site..
Is crypto trading legit?
Is it safe to trade cryptocurrency?
The answer is both yes and no.
There are some bad actors out there and this is what we are trying to avoid.
One of the reasons why I’m making this kind of article is to point out the good sites for all traders.
If you find a regulated CFD-platform or a crypto exchange with very good security and reputation, then it’s safe to say that you will not meet any problems.
But if you trade with unknown brokers and shady sites there are no guarantees for your fund’s safety.
Only trade on platforms that have been recommended by an experienced trader and always do some research before you get started.
The list at the top of this article is a good example of a safe place to start to look for a new site.
All of the CFD-platforms in this article are regulated in some way and the crypto exchanges have sufficient security.
So, cryptocurrency trading is legit if you are using a proper broker or trade site.
Does day trading apply to crypto?
Do day trading rules apply to Cryptocurrency?
Many traders come from different market assets and they ask if they can use the same rules to day trade cryptocurrency.
The answer is yes, absolutely!
Market fluctuations in cryptocurrencies are made up of a mix of human emotions and long-term fundamentals just as in any other asset class.
You will be able to day trade cryptocurrency the same way you do with stocks and fiat currency crosses.
If you are a skilled forex trader you might have a good shot at cryptocurrency too.
The cardinal rules of normal day trading is the samfe for cryptocurrencies, such as:
- Lose small
- Ride the winners
- Read volume
- Order book reading
- News trading
- Hype in different coin
This and much more can be taked from traditional speculation into the cryptocurrency world.
If you are new to digital assets and want to learn how to trade, you can read all the famous books on day trading.
Also, if you are a senior trader in stocks, bonds, or forex you can bring all your skills into this arena and profit handsomely.
What is the best exchange to buy Cryptocurrency?
What is the best Cryptocurrency exchange?
In the list above I’ve mentioned some of the best sites to trade cryptocurrency but they are not all pure cryptocurrency exchanges.
Here is a list of the best crypto exchanges to buy cryptocurrency:
Together these sites have over 1000 coins to choose from.
You can buy your cryptocurrency with Credit Cards, Debit Cards, Bank Transfer or E-wallets.
These exchanges also have a reputation for being very secure and safe.
What is the best Cryptocurrency platform for beginners?
Which is the best crypto trading platform for beginners?
Many of the sites you visit might be a little bit to much and there is a lot of information.
If you want an easy crypto platform that is more suited for beginners I’ve got a few good ones in mind.
Here is a list of the best cryptocurrency platforms for beginners:
On these exchanges you will find everything you need but not as much noise.
It’s very easy to start buying and selling cryptocurrency and they are definitely made for beginners.
There is also many different trade interfaces for traders with less experience.
Go through them one by one to see which is your favorite.
My own experience
I’ve been day trading cryptocurrencies for a couple of years and I’ve seen the most when it comes to platforms.
I know many of the bad actors so it’s very easy for me to promote good quality sites for cryptocurrency.
From my experience, I’ve always found that CFD-platforms has better educational material on the site and more account types to choose from depending on who you are.
Pure crypto exchanges always have more coins to choose from because they allow for blockchain transaction on to the platform.
This makes it very good for traders who are looking for an exchange with a lot of different coins to trade.
If you are only interested in the major top 10 coins I would suggest a CFD-broker thanks to the other benefits you get.
I tried both and I use both today.
It completely depends on what I’m looking for.
Many CFD-platforms don’t offer very high levels of leverage which I know many traders are interested in.
So, in that case I would recommend a crypto exchange.
Lastly, when it comes to pure day trading I can’t really tell what is better, it’s a personal preference.
You need to do some digging on your own to find what works best for you.
If you are looking for a fully regulated platform you are better of with a CFD-platforms since crypto exchanges are not yet regulated in that expansion.
Anyhow, out of all the platforms I’ve tried I’m recommending my top pics in this article.
The best crypto trading platform to day trade cryptocurrencies can be found in the list at the top of this article.
There are a lot of different sites to choose from and depending on what you are looking for you need to do some research.
In this article, you will find sufficient information on all the best crypto trading platforms of 2021 and what makes them stick out to me.
If you are looking for a special site with more coins, lower fees, or leverage trading you will be able to find this as well.
Read through the article to learn more about cryptocurrency and where to day trade them.
The short answer is yes, it’s definitely possible.
If you have experience in other assets such as stocks, forex, or bond you will be able to start as soon as you find a good platform.