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Author Topic: The best crypto day trading platform  (Read 205 times)
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June 08, 2024, 10:14:49 PM
 #1

What is the best crypto trading platform?
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June 08, 2024, 10:39:40 PM
 #2

For spot trading: https://www.coingecko.com/en/exchanges
For derivatives: https://www.coingecko.com/en/exchanges/derivatives
For Web3: https://www.coingecko.com/en/exchanges/decentralized
For anonymity:  check the list on http://kycnot.me

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June 08, 2024, 11:30:28 PM
Merited by tranthidung (1)
 #3

"Best" crypto trading platform is something subjective.

Best in what? Security(Including History of hacks and security lapses)? Trading and withdrawal fees? User interface? Offers? Trading volumes and liquidity? Privacy oriented or not?

An exchange can't have it all. So where are your priorities?

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June 09, 2024, 01:34:17 PM
 #4

if at first glance all trading platforms are good, but behind it all without us realizing there are many shortcomings, in terms of security, service if we experience problems when withdrawing and depositing and many more, so the word "best" is very subjective for a trading platform, because every Platforms definitely have flaws, none of them are perfect

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June 09, 2024, 03:09:41 PM
 #5

Go to Binance, Bybit, Kucoin, register and verify your account [KYC] and start trading, if you feel this is not suitable for you, you can choose another exchange there are so many exchanges but Binance is the most popular trading platform.

Are you just starting to trade?

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June 09, 2024, 04:06:48 PM
 #6

Some traders will use multiple exchanges, but they will have one exchange that they feel is most appropriate. it all depends on what the trader wants.
There are already several suggestions, but if you want to try others you can look for references on Coingecko and CoinMarketCap. look in the exchanges section and you will see many exchanges that you can try.
Once again, each trader's assessment and experience will differ from one exchange to another. If your country has a local exchange, maybe you can try it there.

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June 09, 2024, 04:19:55 PM
 #7

I use multiple platforms for trading just because I want to lessen the risk involved when pertaining to exchanges, the CEXs. It's important for me especially that in the FTX crash, I was shocked by what happened and I want to minimize my exposure in a way with the amount of money in a specific exchange.

Maybe you could try those exchanges that the members posted, those are good.

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June 09, 2024, 04:25:15 PM
 #8

Without complicating things. Binance is the best trading platform if you are good for providing KYC to exchange since this exchange has the most liquidity, fastest trading festure and many financial tools that you can use to earn.

If you preferred DEX then I don’t recommend any specific DEX I’m not updated anymore on what’s best since each blockchain has their own main DEX. Just check for liquidity pool always to see whether it was being trusted by many people through the amount locked with their pool.

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June 09, 2024, 06:41:49 PM
 #9

All of the known could be the best in your own perception. So it will base on your experience but I don't think you'll want to try all of them because you might not have time to test them out.

So whichever are being suggested to you, each experience that are being told will vary against yours.

And with that, you have to check and see it for yourself if those reviews and tips are going to be the same as yours. But I'd expect that it will different.

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June 09, 2024, 11:33:09 PM
 #10

What is the best crypto trading platform?

Your question here is a bit unspecific. Where does the best of a trading platform refer to what you are looking for or asking? Even if we say that what you want to know is the
exchange that is best for you, I think a trading platform is useless if you don't have enough knowledge of trading.

Because trading is a broad matter, and I think you know that and have an idea about it. Do you know anything about trading specifically here in the crypto space?
Actually, there are several best exchange now here in the crypto space just type in the google best exchange in cryptocurrency then it will appear in your monitor at once the options
for this matter.

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June 09, 2024, 11:49:38 PM
 #11

OP, Your question too generally and must giving specific about best crypto trading from transaction volume, liquidity or other feature or exchange platform to make us get more benefit when making trading.
You not prefer specific question about CEX or DEX exchange and I would take your points about CEX exchange and recommended for trading in Binance. Supported list many kinds of altcoin and Binance each coins must raise their limitation volume transaction based on their regulation if won't delist from market,
its allow what happen with top altcoin before WAVES must be delist from Binance after decreasing the limitation of transaction volume regulation in Binance.

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June 10, 2024, 06:40:22 AM
 #12

Without complicating things. Binance is the best trading platform if you are good for providing KYC to exchange since this exchange has the most liquidity, fastest trading festure and many financial tools that you can use to earn.

If you preferred DEX then I don’t recommend any specific DEX I’m not updated anymore on what’s best since each blockchain has their own main DEX. Just check for liquidity pool always to see whether it was being trusted by many people through the amount locked with their pool.
It is still complicated if he is from the country that this exchange restricts. Being the best can sometimes be subjective and we can discover it better on our own. Apart from Binance, there are still other crypto exchanges out there that are also popular and has the same other features as them.

The only good thing about them is that they can now be available for our country. DEX on the other hand is only good because they don't require a KYC but they can now be bad after it. This is why CEX are still leading when it comes to crypto exchanges and people are only sacrificing their privacy, only to access most of the great features of a CEX.

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June 10, 2024, 06:42:07 AM
 #13

can't really answer this question since there's not enough information that defines your criteria of the best crypto day trading platform.
generally if you seek liquidity go to centralized exchange, disadvantage is that its custodial wallet also have chance of collapse, see history of ftx.
if you want security to your wealth use decentralized exchange such as uniswap, disadvantages are higher slippage percentage, not much liquidity and fee usually ridiculous when the blockchain full of transactions.
there are also dex that have perpetual trading that allows leverage as well you just need to explore ecosystem since every blockchain usually have different ecosystem.

because the fact that liquidity scattered around many of exchange regardless whether dex or cex this means whats best for an individual is not best for the other, only you can determine it yourself.

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June 10, 2024, 02:02:46 PM
 #14

Centralized platforms are the ones preferred by most day traders and even casual traders because of the liquidity that they have.

While for the decentralized exchanges, they're likely the place to spot some emerging coins that might have a lot of potential on this bull run.

But you have to bear with some issues sometimes with the fees because of possible clogging of network that affects fees.

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June 10, 2024, 02:23:15 PM
 #15

What is the best crypto trading platform?
How do you define “best crypto trading platform"?
The exchange with the lowest trading fees? The exchange with the highest daily volume? The exchange with the highest number of coins? The exchange where no KYC is required?

Depending on which criterion is important to you, you will most likely get a different answer. So you need to be more specific with your question so that we can best help you here!

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June 10, 2024, 03:17:46 PM
 #16

The best crypto trading platform is one where you can feel comfortable while trading. We have different crypto trading platforms and that is because we have different conveniences. It's up to us to find the best crypto trading platform for us.

That's why we should probably try to look at each crypto trading platform to find out the differences. Maybe we feel comfortable seeing the appearance of the platform or we are comfortable with trading fees and so on. Without knowing each platform, we will only follow what other people suggest even though that does not guarantee that we will feel comfortable trading.

I have many accounts on many trading platforms but I am still more comfortable to trade on Binance, KuCoin, Bybit. There may be more trading platforms that I use but they are not as frequent as the platforms I mentioned. You should start looking for it yourself and find comfort for yourself in trading.



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June 10, 2024, 04:08:01 PM
 #17

The best trading platform for me is Binance. The reason why I choose Binance over the other exchanges in terms of trading is their volume. Binance is the number 1 crypto trading platform in terms of volume, which is very important in trading. There other alternative exchanges like Bybit, but it's just depends on their perspective.
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June 10, 2024, 06:46:48 PM
 #18

What is the best crypto trading platform?

Hmm, this all depends on your taste, region, and requirements, such as many platforms support copy, and bot trading features as well, and some don't. Anyway if you count the best easy-to-use centralized trading platforms there are Binance, Bybit, Kucoin, and OKX but keep in mind these platforms require at least level 1 KYC in order use most of the features.

At the same time in the decntralized platforms you need to struggle in finding the best DEX on your desired blockchains. On the same time you need to be very conscious about the funds security while using DEX.

TBH, you can checkout maximum of the exchange service and their stats with reviews & ratings on any crypot traker like coingecko, CMC etc.

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June 10, 2024, 09:29:11 PM
 #19

What is the best crypto trading platform?
Are you a beginner? If so, just make sure that you only trade on Spot trading first, don't think about future trading. Oh yeah, where do you live? Because, this will also influence the choice of exchange for you. Because, sometimes, there are some countries that restrict some of the top exchanges, so you have to know which one suits you best and is allowed in your country.

Try checking this coin market cap page:
https://coinmarketcap.com/rankings/exchanges/

There is a large list of exchanges. However, my advice is to choose the ones that are truly top exchanges and can be used in your country. And one more thing, you also have to know whether you want to do KYC or not for the exchange platform. Later you will also learn about the KYC system. So you have to verify your account with your real identity to be able to make transactions or use the exchange. For example, Binance dna checks for other Centralized exchanges (CEX).

However, if you don't want to verify and authorize the data, then you can use a Decentralized exchange, or DEX. This can be more flexible, but the risks may also be greater. Moreover, if you want to make a deposit or withdrawal, you have to put in more effort because you have to use the P2P system to make it easier. Yes, in essence every choice will have its pros and cons.

Binance is number 1 and so far I also use it. The fees are quite reasonable and affordable for transactions. As the number 1 top exchange, of course Binance has various positive sides to choose from. So, of course, try checking the exchnage link that I provided above again, so it's easier to learn.

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June 10, 2024, 10:17:04 PM
 #20

What is the best crypto trading platform?

Hmm, this all depends on your taste, region, and requirements, such as many platforms support copy, and bot trading features as well, and some don't. Anyway if you count the best easy-to-use centralized trading platforms there are Binance, Bybit, Kucoin, and OKX but keep in mind these platforms require at least level 1 KYC in order use most of the features.

At the same time in the decntralized platforms you need to struggle in finding the best DEX on your desired blockchains. On the same time you need to be very conscious about the funds security while using DEX.

TBH, you can checkout maximum of the exchange service and their stats with reviews & ratings on any crypot traker like coingecko, CMC etc.
I agree with your suggestions, but I think it's not good to mention bot trading or copy trading to a beginner. I know it may be helpful, and they can right away do those things, but they may rely on that too much, which is not a good thing because a beginner  will abandon knowledge and improve their trading skills. Thats why, as much as possible, I dont want beginners in trading to be introduced to bot or AI trading first; they should at least focus on gathering and learning so that in the long run they can hone it and will actually profit from it because they choose to improve themselves. 
 
Well, the beginner-friendly exchange you can trade in is Binance. It has a lot of useful features, not just trading, so I recommend it for beginners as it's easy to use and proven to be secure and trusted, but of course consider if it's available in your country because I know Binance has been banned in different countries.

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