If you’re looking to day trade crypto from the comfort of your home – you’ll need to ensure that you choose a trusted platform. Not only should the provider offer a safe and transparent trading environment – but heaps of crypto markets and low commissions.
In this guide, we review the 10 best crypto exchanges for day trading in the market right now.
In This Guide
The best crypto day trading platforms of 2022 can be found in the list below. Scroll down to read our comprehensive review of each platform.
There are hundreds of crypto platforms and Bitcoin exchanges that allow you to buy, sell, and trade digital assets online. However, most of these are unregulated. On top of licensing, you also need to consider what crypto markets the platform offers, fees and commissions, trading tools, and supported payment types.
Taking all of the above into account – below you will find reviews of the 10 best crypto day trading platforms in the market right now.
We reviewed more than 50+ provides and found that eToro is by far the best crypto exchange for day trading for 2022. Firstly, and perhaps more importantly, this popular trading site is heavily regulated. Not only does this include a fully-fledged license with the FCA, ASIC, and CySEC – but eToro is also authorized by and registered with FINRA.
This means that traders in the US and around the world can use eToro in a safe and secure manner. In terms of what you can trade, eToro allows you to buy and sell 18 popular cryptocurrencies. This is inclusive of Bitcoin, EOS, BCH, Ethereum, Solana, XRP, Cardano, Binance Coin, etc. Additionally – depending on your location, you might also be able to trade crypto derivatives.
This includes fiat-to-crypto pairs that contain the US dollar, euro, British pound, yen, and more. You can also trade crypto-to-crypto pairs – such as BTC/XRP and ETH/BTC. These crypto CFD derivatives are available to most eToro clients – unless you are from the US, UK, or Hong Kong. Nevertheless, when it comes to fees, eToro is a 100% commission-free crypto day trading website. This means that you can enter and exit the market as often as you like without being charged any fees.
There are no fees to register and USD-denominated payment methods are free. Otherwise, you will pay a small FX conversion charge of just 0.5%. eToro also stands out as the best crypto day trading platform because it offers passive investment tools in its user interface. This includes a CryptoPortfolio – which is a diversified basket of digital currencies at various weights. This is managed by the team at eToro – so you don’t need to worry about rebalancing the portfolio yourself.
Alternatively, you might also consider buying and selling cryptocurrencies via the Copy Trading tool. As the name implies, you will be copying the trades of a skilled and proven crypto investor that uses eToro. You only need to meet a $500 minimum to benefit from this. If you trade on a do-it-yourself basis – the minimum crypto trade size is just $25. You can get started with an eToro trading account in minutes – and deposit methods include debit/credit cards, bank transfers, and e-wallets like Paypal.
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
The Spread - which is the difference between the bid and ask price of your chosen crypto pair - are part and parcel of online trading. The exception to this is Libertex - which allows you to day trade crypto without paying any spread at all. Plus, commissions are really competitive, with the likes of Zcash/USD and XRP/USD costing just 1% per slide.
In fact, some digital currencies - such as Dogecoin, can be traded commission-free. Not only is Libertex great for low fees and tight spreads - but the CFD trading platform offers heaps of markets. This includes a wide selection of crypto-to-fiat and crypto-cross pairs. All of the crypto day trading markets supported by Libertex can be traded with leverage.
Limits and eligibility will depend on your country of residence. All crypto pairs on Libertex can also be short-sold. On top of cryptocurrencies, Libertex is also home to stocks, indices, ETFs, commodities, and forex trading markets. You can trade on Libertex by meeting a small minimum deposit of just $100. Payment methods accepted by Libertex include debit/credit cards and e-wallets. Libertex is regulated by CySEC - so you're in safe hands.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Investors can automate their trading with Pionex, a cryptocurrency exchange that uses trading bots to allow them to trade cryptocurrencies. Users have access to 12 different trading bots, which are offered free of charge. As a result, you can reduce the time spent regularly monitoring the market by investing in bots since your strategy will be automated.
Among the trading robot's bots, the DCA bot stands out as an option meant for traders who want to execute purchase orders in fixed periods. The bot will not use the current market price to execute its buy orders but will use it to execute its buy orders. With adjustable intervals of 10 minutes, 1 hour, 1 week, or 1 month, it makes it a versatile choice for every user.
Possibly one of the greatest advantages of Pionex is its accessibility. The robot has proved to be friendly to the common user through its developed application. Their app has the same features as its desktop counterpart. In addition, the platform's simplicity makes it convenient for beginners or investors with little free time because it lets them quickly configure the platform and gain access to real-time market data and prices.
Moreover, you can take comfort in knowing that Pionex holds the MSB (Money Services Business) license that the Financial Crimes Enforcement Network has previously granted. As a body under the control of the US government, this organization is focused on research into online transactions to prevent frequent inconveniences such as fraud or possible money laundering.
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If there is a particular cryptocurrency that you have in mind - the chances are that you will find it at Binance. This hugely popular cryptocurrency exchange is home to billions of dollars worth of volume each and every day.
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-20 tokens. It's also a good place to buy popular community coins like Safemoon. Depending on where you live, you might be able to deposit funds with your debit/credit card.
The fees are, however, costly at between 3-4%. Nevertheless, Binance is super cheap when it comes to trading fees. In fact, you will pay just 0.1% on the platform - and even less if you hold an allocation of Binance Coins (BNB). 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.
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Your money is at risk.
Coinbase is the largest cryptocurrency broker in terms of client accounts - with more than 35 million people now using the site. In fact, Coinbase has grown so quickly since its launch in 2012 that it is now a public stock listed on the NASDAQ.
You will find a wide variety of digital currencies on the Coinbase website that can be purchased with ease. You will pay 3.99% to buy a crypto asset direct with your debit card - which is expensive. 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.
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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 0.00001 BTC. At current prices, this means you can invest from just $0.54. On top of Bitcoin, you can also buy Dogecoin, XRP, Litecoin, Ethereum, Bitcoin SV, Ethereum Classic, and Bitcoin Cash.
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.
71% of retail CFD accounts lose money with this provider.
Although Forex.com is best known for its currency trading department of more than 80+ pairs - this popular broker is also home to cryptocurrencies. As crypto markets at Forex.com are traded as CFDs, you can go long or short and even apply leverage.
You can trade the likes of Bitcoin, Ethereum, LTC, and Bitcoin Cash against the US dollar. You can also trade Bitcoin against the euro, pound sterling, and Australian dollar. When it comes to fees at Forex.com, this depends on your chosen account type.
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.
There is no guarantee you will make money with this provider.
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.
This includes Ethereum, EOS, NEO, Litecoin, Bitcoin and Stellar. There are no commissions to pay when day trading crypto at IG, as everything is built into the spread. This is typically very competitive, with BTC/USD and ETH/USD averages a spread of 36 pips and 1.2 pips respectively.
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 is because the broker gives you direct access to Bitcoin futures that are listed on the CME (Electronic Globex). This means that you can go long or short on Bitcoin, as well as trade on margin.
There is no minimum deposit at Interactive Brokers - albeit, you will need to transfer funds from your bank account as debit/credit cards nor e-wallets are supported. 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. For example, if you wanted to trade the value of Ethereum against the US dollar - this would be displayed as ETH/USD.
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. This might, for example, include ETH/XRP - which means you are trading Ethereum against Ripple.
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.
Let's look at a quick example of how to day trade cryptocurrency:
As you can see from the above, you placed a sell order on BTC/USD as you were speculating on the pair going down in value. 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. In fact, we should go one step further and say that the pair BTC/USD is the best market to concentrate on - especially if you are a day trading newbie.
This is because:
Note: At some cryptocurrency trading platforms - BTC/USD is replaced by BTC/USDT. For those unaware, USDT (Tether) is a digital coin that is pegged to the US dollar. This means that 1 USDT will always amount to 1 USD. As such, this pair plays the exact same role as BTC/USD.
With that being said, BTC/USD isn't the only pair that is popular with crypto day traders. Other commonly traded markets include ETH/BTC, ETH/USD, and XRP/USD. Ultimately, you can trade any pair of your choosing as long as you are prepared to put the legwork in - i.e. perform technical analysis.
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. This will be at an amount propitiate to what you decide to invest (minimum $500)
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.
For example, the crypto trading signal might tell you to go shot on ETH/USD. 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. For our tutorial - we have opted for regulated broker eToro - which allows you to buy, sell, and trade digital currencies on a 0% commission basis.
Visit the eToro website and open an account. You will need to provider some personal information alongside your contact details.
All account holders need to be verified as per KYC (Know Your Customer) rules. 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. eToro supports debit/credit cards, e-wallets (including Paypal), and bank transfers. Deposits are free for US traders. All other nationalities will pay a small FX fee of 0.5%. 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. The minimum stake is $25 at eToro. 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.
To complete your commission-free day trade at eToro - click on the 'Set Order' button.
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 2022 is eToro. This broker is regulated by three tier-one bodies and for US clients - it is registered with FINRA. 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 2021. 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. Some of the best platforms supporting crypto CFDs include eToro, Libertex, and AvaTrade.
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.
Kane has also written for websites such as MoneyCheck, InsideBitcoins, Blockonomi, Learnbonds, Buysharesand the Malta Association of Compliance Officers.
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