Best Exchange for day trade?

[nelson4lov]

- What's the best exchange to trade dailly?

- On what exchange do you guys trade and why?

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

When choosing an exchange to trade on, I usually do so using the following requirements:

1. Trading volume and Liquidity: one of the biggest catalyst for price growth is volume. It indicates the amount of people that are actively trading that asset/token/coin. When there's little to no volume, price barely moves. That said, I always trading in high volume exchanges where there's plenty of liquidity and that's where the fun happens.

2. Listed assets: This is a personal preference but I felt like bringing it up. I only trade in exchanges that have my favorite assets and coins. No offense but some low-medium tier exchanges have some coins which doesn't interest me much.

3. Security: though not related to your question but I like to know that my fund are safe (at least to a certain degree).


With that said, Here are my answers:
1. Chose between top tier exchanges like Binance, Houbi or Okex. There's usually good volumes on these exchanges.  My personal choice is Binance though.
2. I trade in Binance. It has volume, low fees and funds are SAFU (Binance version of the word - safe).
3. There's no way to get around trading commissions and fees especially for trades with small profit margins. You should checkout binance. The most basic account gets a fee of 0.1% (25% discount if paid with BNB).

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[WSDN]

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 has an easy-to-see interface and has many tools for you to analyze so this is the best exchange you can trust when trading. I have been using this exchange for 3 years now and have never been disappointed so you don't need to worry about liquidity or security because Binance is the best. However, the coins here are still risky if you do not study carefully so the risk of losing money is still very high.

[pragna]

What's cracking Crypto friends


Recently I started to trade every day a little. I do this on Livecoin.
The thing is I don't know if I also lose on fee charges when the differance beteen buying and selling is little.

On LiveCoin you always pay 0.18% (It was 0.2) fee on trade (buy or sell).

This burns your little profits. I'm not sure but sometimes I think I lose more than I gain because of this d@mn commission.

So I was wondering:

- What's the best exchange to trade dailly?

- On what exchange do you guys trade and why?

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

Thanks.

I think trading depends on different factor that may be livecoin or binance or kucoin or hobi etc. Basically in which coin you want to trade and its enlisted exchange is main factor. On the other hand low fees and quick transaction is also a big factor in trading. Here i always prefer binance as its transaction is too much speedy. But if i want to trade with specific coin i have to go that enlisted exchange and no way.

thanks.

[bitgoldpanther1978]

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.

I agreed, even the exchange is one of the top and yet your getting any profit in it, that's remain useless at all.
Now even if the exchange is not on top but it gives you profit at most of the time I could say that platform is one of the best
anyhow, in my opinion only.

[elisabetheva]

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.

I agreed, even the exchange is one of the top and yet your getting any profit in it, that's remain useless at all.
Now even if the exchange is not on top but it gives you profit at most of the time I could say that platform is one of the best
anyhow, in my opinion only.

true what was said by colleagues above, that depends on the tokens that we have and which tokens we have traded. because obviously the token at first has determined where it can be traded and we just need to follow the instructions.

besides it is already known and recognized tokens will certainly have alternatives to be able to trade and we can be sure we will see where the easy and fast transactions can be completed that we will do with the tokens that we have. agree that usually a good market is a lot of transactions and it clearly indicates that the level of trust has been obtained by him.

BNB is among the best and is highly recommended to be used, but if for altcoin that is still unknown, it is the best alternative to use forkdelta because there is convenience available.

precisely for me is the ease and habits that make us more confident to trade the tokens that we have. because I have been using livecoin, HitBtc for a long time, so even though it is not the best for me it is still quite relevant to use. so everywhere for me is still the best alternative.

[xandriel]

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 has been talked about a lot, and probably this exchange is known by almost all users at this forum. I have used more than two years of this exchange and of course feel everything at this exchange is very good so I am not interested in other exchanges. Since I joined this exchange I have never lost money and still earn a monthly profit from trading, so you should consider participating if possible.

[TitanGEL]

Actually most of the trusted exchange out there doesn't have any big differences in terms of fees. I do not mind the fees because most of the exchange have trading fee lower then 1% and it is a good thing. I mind my strategies than the exchange that I'm using, Binance is one of the best exchange because they are offering futures where there is leverage. I also lke exchanges that have automatic cut loss and buy on breakout features.

[cryptothreads]

Actually most of the trusted exchange out there doesn't have any big differences in terms of fees. I do not mind the fees because most of the exchange have trading fee lower then 1% and it is a good thing. I mind my strategies than the exchange that I'm using, Binance is one of the best exchange because they are offering futures where there is leverage. I also lke exchanges that have automatic cut loss and buy on breakout features.

It is best to choose only the high liquidity exchanges in this market and can consider Binance, Huobi, Bitmax, Gate, Kucoin because these are my 5 favorite exchanges when participating in this market.

All 5 exchanges have their own strengths but Binance exchange is more appreciated because this exchange always attracts all investors and transaction fees are considered the cheapest in the crypto market.

[gbrendeh]

I haven't used all the exchanges available out there, but to me it seems that Binance is the best choice, at least for beginners. There are plenty of opportunities everywhere, if you know what you are doing, but they are reliable, so it would be a good idea to avoid shady exchanges, that offer great opportunities as well, but at a far greater risk!

[ReiMomo]

Actually most of the trusted exchange out there doesn't have any big differences in terms of fees. I do not mind the fees because most of the exchange have trading fee lower then 1% and it is a good thing. I mind my strategies than the exchange that I'm using, Binance is one of the best exchange because they are offering futures where there is leverage. I also lke exchanges that have automatic cut loss and buy on breakout features.

For almost people says, they are prefer to use Binance compared to other exchange.
Binance gain too much trust from the traders and also their service are great that anyone traders who like them becauase they are just trusted enough.

Just asking my self why those decentralized exchanges didn't get interested to people. When it comes security they are reliable enough but not on liquidity.

[CarnagexD]

Actually most of the trusted exchange out there doesn't have any big differences in terms of fees. I do not mind the fees because most of the exchange have trading fee lower then 1% and it is a good thing. I mind my strategies than the exchange that I'm using, Binance is one of the best exchange because they are offering futures where there is leverage. I also lke exchanges that have automatic cut loss and buy on breakout features.

For almost people says, they are prefer to use Binance compared to other exchange.
Binance gain too much trust from the traders and also their service are great that anyone traders who like them becauase they are just trusted enough.

This is because binance is outperforming their competitors, and speaking of trust why you would not trust the world's leading crypto exchange? there is no question for that with binance, having a market cap of $1.4 billion last 2018 given the fact they it is found in 2017, imagine a year of getting that huge. They have even bought the Coinmarketcap the number one crypto data tracker, though they were accuse of controlling the info but that's another topic. There is just no reason for every trader not to use the Binance, can't think of a single reason 

Just asking my self why those decentralized exchanges didn't get interested to people. When it comes security they are reliable enough but not on liquidity.

You already said it, if you want to make day trading profitable you should choose an exchange whose liquidity is high unless you wanna make cents.

[mksundip]

There are so many exchanges that are ready to be used as trade options, but I suggest that you choose Binance or Kucoin, I often trade on both exchanges and it's good in my opinion

[Cubus]

Binance is a very good option of course, but why do you guys think this is the best place to trade? There are other platforms that offer very tempting fees, and provide a high level of security. Maybe it is worth trying other exchanges too. I have several accounts across exchanges (Binance, Coinbase, Kraken, etc.). It is time-consuming to compare fees/prices/etc. on all exchanges, so I do my trades through this platform - https://www.cryptoview.com as they get live data from the exchanges that I use.

[ropyu1978]

Binance is a very good option of course, but why do you guys think this is the best place to trade? There are other platforms that offer very tempting fees, and provide a high level of security. Maybe it is worth trying other exchanges too. I have several accounts across exchanges (Binance, Coinbase, Kraken, etc.). It is time-consuming to compare fees/prices/etc. on all exchanges, so I do my trades through this platform - https://www.cryptoview.com as they get live data from the exchanges that I use.

I use binance for trade exchange and keep safety because have many altcoin to trade and keep profit for trading, I think binance right now have trouble with my IP country because could not access and have to use VPN to access on binance exchange market, but still waiting when Binance safety access with my IP country without have to use VPN and keep safety with local IP address.

[ekeh]

I encounter the same challenges on daily trading with a very high charge fee's, until I discovered Binance exchange, is very good with a less charge fee. And since then I Enjoying my cryptocurrency trading with a rest of mind.

[naska21]

When choosing an exchange to trade on, I usually do so using the following requirements:

1. Trading volume and Liquidity: one of the biggest catalyst for price growth is volume. It indicates the amount of people that are actively trading that asset/token/coin. When there's little to no volume, price barely moves. That said, I always trading in high volume exchanges where there's plenty of liquidity and that's where the fun happens.

2. Listed assets: This is a personal preference but I felt like bringing it up. I only trade in exchanges that have my favorite assets and coins. No offense but some low-medium tier exchanges have some coins which doesn't interest me much.

3. Security: though not related to your question but I like to know that my fund are safe (at least to a certain degree).

Nice three-dimensional metrics but i would add the  forth  indicator   like transparency which means the publicity  of historically full  trading  data like volumes, prices, candle history up to 1-minute bases, etc.. Regarding to this I like approach used by nomics, which has split  all exchanges into 6 categories from A+ ("nomics varified") to F (Fail). More reading on this separation    https://blog.nomics.com/essays/transparency-ratings/

[sarmrakib]

What's cracking Crypto friends


Recently I started to trade every day a little. I do this on Livecoin.
The thing is I don't know if I also lose on fee charges when the differance beteen buying and selling is little.

On LiveCoin you always pay 0.18% (It was 0.2) fee on trade (buy or sell).

This burns your little profits. I'm not sure but sometimes I think I lose more than I gain because of this d@mn commission.

So I was wondering:

- What's the best exchange to trade dailly?

- On what exchange do you guys trade and why?

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

Thanks.

I think trading depends on different factor that may be livecoin or binance or kucoin or hobi etc. Basically in which coin you want to trade and its enlisted exchange is main factor. On the other hand low fees and quick transaction is also a big factor in trading. Here i always prefer binance as its transaction is too much speedy. But if i want to trade with specific coin i have to go that enlisted exchange and no way.

thanks.

Yes i also prefer Binance as it has a huge volume and you will find all the top and popular pair here .So for me Binance is the best exchange for day trading .I am using it for long time without having any issue .