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Author Topic: Best Exchange for day trade?  (Read 3071 times)
Shohag123
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July 19, 2020, 09:43:29 PM
 #101

For trading,Binance is the best that I usually use.They have a huge volume for trading.And they have a more than 100 cryptocurrency.And most important factor me is the exchanges withdrawl speed and withdrawl fee.And Binance has the fastest withdrawl spped and they have very low withdrawl fee as well as teading fee.And without kyc anyone can trade ,deposit and withdraw.And most important factor is the security and Binance will give you the best security and its very safe.

So I will recommend you to use Bianace .
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July 19, 2020, 10:38:34 PM
 #102

Do not carelessly choose exchanges for day trades, choose popular exchanges and also have a high trading volume. Because
when day trading we need coins with high demand, so it's easy to sell every day. I recommend Binance and KuCoin to be able
to trade day safely, because in both exchanges there are many coins with high volumes. So it's easier to take profit.

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July 19, 2020, 10:46:03 PM
 #103

^ Bear in your mind that there is no safe exchange nowadays. Everything will be hacked and we don't know when or what exchange will be hacked. So, I advise depositing amount that you only can afford and never store bitcoin on exchange for long term purposes. Withdraw if you want to take a break in trading and never let your bitcoin sleep there. Even Binance that the most popular exchange was experienced hacked incidents last year.
Nevertheless, as of now, this Binance exchange is very popular in trading exchange, probably this is good if you try some little amount.
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July 20, 2020, 01:57:51 AM
 #104

As long as the exchange you use now is giving you a nice profit whether it is on top or not in the market I can
consider it as good and best exchange dude because even if you stay in the best exchange and yet your not getting any good profit in it, I cannot say its best anyway. I hope you get what I'm pointing out.
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July 21, 2020, 04:56:04 AM
 #105

Do not carelessly choose exchanges for day trades, choose popular exchanges and also have a high trading volume. Because
when day trading we need coins with high demand, so it's easy to sell every day. I recommend Binance and KuCoin to be able
to trade day safely, because in both exchanges there are many coins with high volumes. So it's easier to take profit.
There are a lot of exchanges available to investors but before deciding to deposit, you should consider whether it is safe or not. In the past, there was a lot of exchange that caused many investors to lose money like Idax or Bcnex so generally no exchange is the safest in this market.

My advice is to only choose exchanges that have a good reputation like Huobi, Binance, Bittrex or Coinbase because this is a place where you can safely deposit and withdraw without any problems.

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July 21, 2020, 05:08:22 AM
 #106

Even in trading for a day trade, or weekly trade for me one of the. eat exchange is still the binance because they have an accurate and a good volume of coins that you can win all of those trades easily but still as we said there is non-risk trading still you must need to have a deep learning a lot of skills and experience how to work on it because there are a lot of newbies right now are having mistakes on trading too.


Also, the reason why I want to use the binance even they have a trading platform they have an exchange platform too so it's easier to convert all of your funds immediately without hassle also they have the P2P, classic, advance and margin you can visit their platform and explore more if you want.

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July 21, 2020, 10:14:28 AM
 #107

I personally use https://changehero.io/ as an exchange platform. It's easy to work with, the exchange and withdrawal process itself is fast. You can also work with different types of cryptocurrencies, which is quite convenient compared to other services.
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July 21, 2020, 12:47:04 PM
 #108

I wonder if you are considering trading volume because if you have been doing this with 0.18% fee, I must tell you that the it if fair enough. Sometime I do daily trading on bitmax but the major challenge I'm facing is low number of traders and low trading volume. My order always take long to be filled. In case you want to try and compare with bitmax. There fee is also low
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July 21, 2020, 02:47:22 PM
 #109

Even in trading for a day trade, or weekly trade for me one of the. eat exchange is still the binance because they have an accurate and a good volume of coins that you can win all of those trades easily but still as we said there is non-risk trading still you must need to have a deep learning a lot of skills and experience how to work on it because there are a lot of newbies right now are having mistakes on trading too.

Also, the reason why I want to use the binance even they have a trading platform they have an exchange platform too so it's easier to convert all of your funds immediately without hassle also they have the P2P, classic, advance and margin you can visit their platform and explore more if you want.
Binance can be said is the perfect future exchange why because for me it is quite easy to make withdrawals to a local bank and need time in under 1 minute so I prefer trading like this.

Binance is now one of the centralized exchanges where there is news from CZ about coins or renewals so I think many people want to know about it, even the coins and tokens that are there with a good enough volume I think this can be in the beginning for the newbie to do this by experimenting first.

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July 21, 2020, 04:17:13 PM
 #110

I wonder if you are considering trading volume because if you have been doing this with 0.18% fee, I must tell you that the it if fair enough. Sometime I do daily trading on bitmax but the major challenge I'm facing is low number of traders and low trading volume. My order always take long to be filled. In case you want to try and compare with bitmax. There fee is also low
I am aware of the derivative crypto exchange bitmex but never heard about bitmax. Why you keep trying on some exchange where you could not find enough volume to get your orders filled instantly? I am not day trading but whenever I do try on bittrex, even I do not go for market orders, I am getting my orders filled as quick as possible if I am lucky to catch lower prices. Getting filled is requiring lots of factors to be met. But, high liquidation must be first one among them.

I believe low trading commission will not be a constraint for choosing a best to exchange for day trading. Because when you're capable of catching more pips then paying some percentage from the profits you just made will not be a big problem for any trader. The only constraint must be being capable of catching more pips which should be enough for covering all the fees and our targeted profits.

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July 21, 2020, 05:19:52 PM
 #111

Even in trading for a day trade, or weekly trade for me one of the. eat exchange is still the binance because they have an accurate and a good volume of coins that you can win all of those trades easily but still as we said there is non-risk trading still you must need to have a deep learning a lot of skills and experience how to work on it because there are a lot of newbies right now are having mistakes on trading too.

Also, the reason why I want to use the binance even they have a trading platform they have an exchange platform too so it's easier to convert all of your funds immediately without hassle also they have the P2P, classic, advance and margin you can visit their platform and explore more if you want.
Binance can be said is the perfect future exchange why because for me it is quite easy to make withdrawals to a local bank and need time in under 1 minute so I prefer trading like this.

Binance is now one of the centralized exchanges where there is news from CZ about coins or renewals so I think many people want to know about it, even the coins and tokens that are there with a good enough volume I think this can be in the beginning for the newbie to do this by experimenting first.
As we see based on reply on this thread, Binance is the most recommended exchange even for day trading due to their good reputation, User-friendly interface, security, volume, and other factors that people love about Binance. I can agree to the part that it can be a perfect future exchange since its platform keeps updating. They are adding new features to their platform for users to use and gave other traders reason to switch exchange. To be honest I also recommend it myself based on my experience trading in it.
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July 21, 2020, 07:06:02 PM
 #112

I would say the best way to make it into something is not the exchange but how good you are. You can pick the greatest exchange in the history of the world, you can build the most amazing exchange that ever can be and even in that situation you could still not make a single cent if you are not good at it at all.

If you are however a great trader that means you could make a profit in the worst of exchanges that is about to exit scam right after you withdraw. So, that is the thing, there is obviously a difference between exchanges and you could definitely have a difference and that is just what we could have a difference but not something huge, so there is really no point on focusing with the exchange part, which could help but mainly focus on the fact that you need to be a good trader.
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July 21, 2020, 07:38:16 PM
 #113

I wonder if you are considering trading volume because if you have been doing this with 0.18% fee, I must tell you that the it if fair enough. Sometime I do daily trading on bitmax but the major challenge I'm facing is low number of traders and low trading volume. My order always take long to be filled. In case you want to try and compare with bitmax. There fee is also low
this is a very significant problem and strongly influences that indeed most people will experience what the partners said above that their trading volume is very low.

but I have never used bitmax like a colleague so I can't comment on it a lot, but I use hitbtc, livecoin, kucoin and it seems like it can be enjoyed quite well and there are no obstacles that occur and also quite cheap costs are charged.

although of course low cost is not recommended for use because obviously there will certainly be consequences that will occur with low costs. not comparable to what we will get from cheap results of course. although sometimes there is a delay received from these cheap costs, which is feared to be stuck for a long time.

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July 21, 2020, 08:45:26 PM
 #114


- How to prevent the fee charges burning your profit when the difference is small between buying and selling?

Thanks. Grin

I think the best exchange in the entire crypto space that suits every set of trading requirement is binance. It provide the best and cheapest trading services in the entire industry and talking about volume and liquidity, it has almost the highest which result in quick trades as a lot of traders are active on the exchange. Binance is known for it's constant updates towards better user interface, security, trading services as well as bridging the gap between crypto and Fiats, anyone looking for a good exchange should consider binance
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July 21, 2020, 09:03:45 PM
 #115

For trading,Binance is the best that I usually use.They have a huge volume for trading.And they have a more than 100 cryptocurrency.And most important factor me is the exchanges withdrawl speed and withdrawl fee.And Binance has the fastest withdrawl spped and they have very low withdrawl fee as well as teading fee.And without kyc anyone can trade ,deposit and withdraw.And most important factor is the security and Binance will give you the best security and its very safe.

So I will recommend you to use Bianace .
Am not sure you are right with the KYC level for trade with binance, I think it is strict with KYC. Binance looks to have very low tolerance for users without KYC with a lot of denail for some use. Binance has so many use that should demand for early verification for subscribers. However, It has the volume for trade and the transaction are ridiculously low, sometimes unnoticeable.
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July 21, 2020, 09:53:10 PM
 #116

It depends on what coin you are going to trade, one coin is not available in all exchanges. But if is available on many exchange better choose which exchange it has the most volume and liquidity by that your trades will be executed faster. I prefer to trade on binance It is top 1 on volume and liquidity and they have an option to use BNB as fees and you can have 25% discount on fees, while 5% discount on Margin trading.
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July 21, 2020, 10:11:04 PM
 #117

As long as the exchange you use now is giving you a nice profit whether it is on top or not in the market I can
consider it as good and best exchange dude because even if you stay in the best exchange and yet your not getting any good profit in it, I cannot say its best anyway. I hope you get what I'm pointing out.
Some important stuff you should understand around a good cryptocurrency exchange is, they always have good trade volumes compared to those cryptocurrency exchange with fake trade volumes. You can't get your needed profit from any cryptocurrency exchange with fake trade volumes, rather, you as a trader can easily get profit from real and standard exchanges. Best exchange should be embrace if any trader ever wants some good trade returns. Binance is one of my cryptocurrency exchange where I trade my coins and tokens with good profits.

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July 21, 2020, 11:08:10 PM
 #118

When talking about the best available exchange in the market currently, the only one that ring a bell in my head is Binance amd i believe a lot of forum members would agree too. Binance is termed the number exchange because it seems to have almost every features needed by traders and it provide the best of services, reduced fee and has almost the highest volume and liquidity which makes it perfectly suitable for day trading

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July 22, 2020, 12:04:45 AM
 #119

I would say the best way to make it into something is not the exchange but how good you are. You can pick the greatest exchange in the history of the world, you can build the most amazing exchange that ever can be and even in that situation you could still not make a single cent if you are not good at it at all.

If you are however a great trader that means you could make a profit in the worst of exchanges that is about to exit scam right after you withdraw. So, that is the thing, there is obviously a difference between exchanges and you could definitely have a difference and that is just what we could have a difference but not something huge, so there is really no point on focusing with the exchange part, which could help but mainly focus on the fact that you need to be a good trader.
Exchange is a factor but I want you to say that you are right because what really matters are our skills and not exchange that we are using. Think about it, what if we choose the best exchange out there but our skill is not good where we can easily panic because of the weak hand. Exchange is a factor when it comes to leveraging, Binance is good because they have futures where a trader can leverage more than 100x.
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July 23, 2020, 04:22:35 AM
 #120

When talking about the best available exchange in the market currently, the only one that ring a bell in my head is Binance amd i believe a lot of forum members would agree too. Binance is termed the number exchange because it seems to have almost every features needed by traders and it provide the best of services, reduced fee and has almost the highest volume and liquidity which makes it perfectly suitable for day trading
Binance is gaining popularity among investors and a lot of people are mentioning this exchange over the past 3 years. I am sure this exchange will bring a lot of opportunities for people to make money because this is considered the largest exchange in the crypto market. In addition, many projects are highly appreciated, so investors will also reduce a lot of risks when investing here.
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