Hi guys I've been thinking about dabbling with day trading in crypto
First advice: Don't do daily trading. You will very likely get loss if you trade daily, trade too often.
First question: How long have you been in cryptocurrency market?
Second question: How long have you been in daily trading with crypto?
Third question: How about your results from daily trading? Loss or profit
I'm wondering what exchange you would recommend?
There are two types of exchanges: centralized exchanges so called CEX; decentralized exchanges so called DEX.
At DEX, you will have to pay transaction fee for each of your swap. That is expensive if you swap ETH and ERC20 tokens.
At CEX, you will have to pay taker, maker fee for your trading. It is cheaper than swap at DEX.
Some good centralized exchanges:
- Binance
- FTX
- OKX
Don't store all your crypto at one exchange or in only one account.