10 Best Crypto Exchanges for Day Trading (2025)

Want to maximize your profits while day trading cryptocurrency? In this guide, we’ll walk through some of the best crypto exchanges for trading based on factors like fees, liquidity, user interface and more! 

Quick look: Best Exchanges for Day Trading 

Binance 

Binance is the world’s largest exchange by volume! The platform offers low trading fees and advanced transactions— including margin and spot trading! 

CoinMarketCap Liquidity Score: 895

Fees: Binance has low fees — ranging from 0.01 - 0.1%!

User interface: Binance’s user interface has been called difficult to use. The platform is more suited for advanced investors! 

Availability: Binance is not available in the US and Canada! While American investors can use Binance.US, it has slightly higher fees and is more limited in terms of features.

Kraken 

Originally founded in 2011, Kraken is one of America’s oldest cryptocurrency exchanges! The platform is a great choice for traders looking for low fees and high liquidity! 

CoinMarketCap Liquidity Score: 771

Fees: Kraken Pro offers low fees up to 0.40%! However, it’s important to note that if you use Kraken ‘Instant Buy’, transaction fees can be as high as 3%.

User interface: Kraken is relatively easy to use for new investors. Kraken Pro has advanced charting tools and asset details for experienced investors! 

Availability: Kraken is available in the United States, Canada, and other countries! 

ByBit 

ByBit is famous for being one of the world’s best crypto derivative exchanges! ByBit offers crypto derivatives and allows you to trade crypto with up to 100x leverage! 

CoinMarketCap Liquidity Score: 734

Fees: Fees range from 0.015-0.1%.

User interface: ByBit is considered easy to use. However, the platform has plenty of features for advanced traders! 

Availability: ByBit is not available in the US and Canada.

Coinbase Advanced 

Coinbase Advanced is a free platform directed towards experienced crypto traders. While the platform doesn’t offer margin and derivatives trades, Coinbase Advanced offers low fees for traders on a trusted platform! 

CoinMarketCap Liquidity Score: 766

Fees: While fees on the standard Coinbase platform can be relatively high, Coinbase Advanced has reduced fees — ranging from 0-1.2% depending on total trade volume.

User experience: Coinbase is considered one of the most user-friendly exchanges on the market. However, the platform has faced criticism due to slow customer support.

Availability: Coinbase is available in the US, Canada, and many more countries around the world! 

KuCoin 

KuCoin is a cryptocurrency exchange famous for offering nearly 700 cryptocurrencies for trading. In addition, the exchange offers advanced features like futures and margin trading! 

CoinMarketCap Liquidity Score: 640

Fees: KuCoin offers low fees — ranging from -0.005%-0.1%.

User experience: KuCoin can be difficult to navigate for new users. In addition, KuCoin has low customer satisfaction ratings on platforms like Trustpilot. 

Availability: As of 2023, KuCoin is no longer available in the US. 

MexC 

MexC is a great choice for users looking for low fees and privacy. In addition to offering spot and margin trading, MexC does not require users to submit Know Your Customer (KYC) information. 

CoinMarketCap Liquidity Score: 611

Fees: MexC offers low fees — with trading fees typically going up to 0.01%. 

User experience: MexC offers a great user experience — the platform is easy to use with advanced charting tools available for day traders! MexC also has a help center and 24/7 customer support.

Availability: MexC is not available in the US or Canada due to its KYC policies.

OKX 

OKX is a great option for non-US investors! The platform integrates with TradingView — allowing you to use advanced charting to inform your trading decisions! 

CoinMarketCap Liquidity Score: 620 

Fees: 0.08-0.1% (lower fees available with higher trade volume)

User experience: OKX has been praised for its beginner-friendly interface and unique features — like the ability to cancel a trade within a minute of execution.

Availability: OKX is not available in the United States.  

Pionex 

While Pionex may not be the most well-known exchange on this list, it’s a great option for traders looking for automated trading! Pionex offers trading bots that can make trades on your behalf! Recently, the platform even introduced PionexGPT — an AI solution designed to help you test and hone your trading strategies. 

CoinMarketCap Liquidity Score: 960

Fees: 0.05% flat fee, with lower fees available for VIP users

User experience: Pionex is easy to use! Pionex trading bots do not require any programming knowledge. 

Availability: While Pionex is not available in the US, American users can use Pionex.US.

Phemex 

Phemex is a full-service cryptocurrency exchange for traders. The platform features advanced charting tools, margin trading, quality customer support, and fast transaction speeds! 

CoinMarketCap Liquidity Score: 644

Fees: 0.06% fees. VIP users can get fees as low as 0%!

User experience: Phemex is considered very easy to use! Chat and email support is also available for users. 

Availability: Phemex is not available in the US and Canada.

Crypto.com 

Crypto.com is a Singapore-based exchange famous for having the naming rights to the Los Angeles Lakers’ arena! While the platform doesn’t offer margin and derivative trades, the platform has relatively low fees. Lower fees and other benefits are available to users who stake CRO — Crypto.com’s native cryptocurrency!

CoinMarketCap Liquidity Score: 785

Fees: Crypto.com offers fees ranging from 0-0.5% depending on your monthly volume.

User experience: While Crypto.com has an easy-to-use interface, the platform has low ratings on platforms like Trustpilot due to slow customer support. 

Availability: Crypto.com is available in more than 100 countries — including the US and Canada! 

What is day trading? 

Day trading refers to buying and selling cryptocurrency and other assets on the same day with the goal of making a profit! Unlike traditional investing, day traders pay close attention to short-term price swings and often are not concerned about the long-term prospects of the assets they buy and sell. 

Why does liquidity matter for day trading? 

The more liquid your cryptocurrency exchange, the faster your buy and sell orders will be fulfilled. Liquidity is important for fast-paced day trading! 

In our list above, we used CoinMarketCap’s measure of exchange liquidity to help you understand which exchanges are best for day trading. Liquidity is measured on a scale of 0-1,000. The closer an exchange is to 1,000, the more liquidity it has. 

How to pick an exchange for crypto day trading? 

Not sure how to pick a cryptocurrency exchange for day trading? Let’s look at a few different categories that are important to look at. 

User interface 

Ideally, you should choose an exchange with a smooth user experience! You’ll want to choose an exchange that’s easy to use, but still supports advanced charting tools for your day trading needs. 

Reputation 

It’s important to read third-party reviews and understand your platform’s reputation in the crypto community. In recent years, exchanges like FTX and Celsius have gone bankrupt. 

Fees

If you’re trading cryptocurrency regularly, fees can take a significant portion of your profits! 

How is crypto day trading taxed? 

Cryptocurrency is subject to tax in the United States and most other countries. 

Profits from crypto day trading are subject to capital gains tax. To accurately report your crypto taxes, you should keep records of your crypto transactions or use crypto tax software like CoinLedger. 

More than 500,000 investors trust CoinLedger to report their crypto taxes. The platform integrates with hundreds of blockchains and exchanges to take the stress out of tax season. 

Get started with a free account today.