Best Cryptocurrencies for Day Trading in 2025 to Earn Daily Profits
The best cryptos for day trading to buy now are Solaxy ($SOLX), Bitcoin Bull ($BTCBULL), SUBBD ($SUBBD), Best Wallet ($BEST), Mind of Pepe ($MIND), Bitcoin Hyper ($HYPER), Bitcoin ($BTC), Ethereum ($ETH), Solana ($SOL), Dogecoin ($DOGE), XRP ($XRP), Official Trump ($TRUMP), Avalanche ($AVAX), DogWifHat ($WIF), and Shiba Inu ($SHIB).
These assets stand out for their high liquidity, high trading volume, consistent price volatility, and in some cases, strong real-world use cases. To identify the best cryptos for day trading, day traders must consider various factors, including the tokens’ use cases, growth potential, liquidity, spreads and fees, news and market sentiment, and market volatility.
In this article we will explain what day trading is, break down the 15 best cryptos for day trading, and highlight tips to help you become a successful day trader. Additionally, we will show you how to pick crypto for day trading and provide a step-by-step guide on how to start day trading crypto.
1. Solaxy ($SOLX)
Solaxy ($SOLX) is the first Layer 2 scaling solution built for the Solana blockchain and one of the top meme coins for crypto day trading at the moment. Solaxy was designed to enhance Solana’s speed and reduce transaction fees by using roll-up bundling and off-chain processing. This strong use case, along with other features, helped Solaxy raise over $41 million in its presale, and the price per $SOLX is predicted to rise to around $0.032 by the end of 2025.
Use Case: Solaxy is primarily designed to enhance the Solana ecosystem by enabling Solana-based decentralized applications (dApps) and projects to handle high transaction volumes smoothly. Aside from addressing Solana’s speed and scalability issues, Solaxy plans to launch a cross-chain bridge connecting Solana and Ethereum, which in turn allows users to swap tokens between the two chains and easily use dApps on Ethereum.
Growth Potential: Solaxy ($SOLX) raised over $1 million within the first 24 hours of its presale and $41 million in the ongoing presale, marking it as the most successful Solana-based ICO to date. The successful presale is a good indicator of investor interest, and the upcoming $SOLX mainnet listing could further increase adoption rates, making the token even more successful.
2. Bitcoin Bull ($BTCBULL)
Bitcoin Bull ($BTCBULL) is the first Bitcoin meme coin designed to capitalize on Bitcoin’s price milestones by rewarding its holders with actual Bitcoin airdrops whenever Bitcoin reaches new all-time highs. The token has a deflationary token burn mechanism that rewards or burns tokens as Bitcoin reaches specific milestones, reducing supply and potentially increasing the token’s value.
Here are the BTC price points and their respective rewards and token burns based on the project’s whitepaper:
- $BTC at $125,000 – $BTCBULL token burn
- $BTC at $150,000 – Free $BTC airdrop
- $BTC at $175,000 – $BTCBULL token burn
- $BTC at $200,000 – Free $BTC airdrop
- $BTC at $225,000 – $BTCBULL token burn
- $BTC at $250,000 – major $BTCBULL airdrop
Bitcoin Bull’s unique mechanism, tied to Bitcoin’s price milestones, has driven significant traction, raising over $6.5 million in its presale phase, with strong interest from both retail and institutional investors.
Use Case: The BTC Bull Token project offers holders the opportunity to earn free Bitcoin through BTC and $BTCBULL airdrops as Bitcoin’s price increases. Additionally, it offers high-APY staking, token burns tied to Bitcoin’s price, and rewards for loyal holders during peak Bitcoin price milestones, such as $150K, $200K, and $250K.
Growth Potential: $BTCBull presale raised over $500,000 in crypto funds within the first 48 hours of its release. So far, the project has raised over $6.5 million, indicating growing investor sentiment on the new meme coin project. This sentiment, alongside investors’ belief in the potential of Bitcoin hitting major price milestones, can make the project one of the most successful meme coins to day trade in 2025 and beyond.
3. SUBBD ($SUBBD)
SUBBD ($SUBBD) is a decentralized social platform token created to reward content creators, curators, and community members for active participation. Built on a proof-of-engagement model, SUBBD allows users to earn crypto for posting, liking, sharing, and moderating content. With the growing adoption of Web3, SUBBD is gaining traction as one of the top utility tokens for decentralized social media platforms.
Use Case: SUBBD is powered by artificial intelligence (AI) and was designed to power the next generation of social platforms, where users are not the product, but the owners. It is used to tip creators, unlock exclusive content, vote on platform upgrades, and reward moderation and engagement.
By shifting control from corporations to communities, SUBBD empowers users to have full control over their content and data. Additionally, token holders can stake $SUBBD to earn passive income, participate in governance decisions, and gain access to exclusive, behind-the-scenes content, premium materials, and personalized interactions with creators.
Growth Potential: SUBBD ($SUBBD) exhibits strong growth potential, driven by its unique positioning as an AI-powered content subscription platform targeting the fast-growing creator economy. The project has a user base of over 2,000 creators and 250 million combined followers already engaged with the platform. And as more social platforms begin integrating blockchain incentives, SUBBD’s adoption could rise significantly, especially among Gen Z users migrating from traditional platforms.
4. Best Wallet ($BEST)
Best Wallet ($BEST) is a multi-chain, non-custodial cryptocurrency wallet that is popular among users for its strong security, high performance, intuitive user interface, and active support for emerging and promising crypto projects. As a utility token, the $BEST token powers the Best Wallet ecosystem and can be used to reduce transaction and swap fees, as well as gain early access to exclusive token presales.
Use Case: Holding $BEST tokens reduces transaction and swap fees, grants traders early access to exclusive token presales, and offers higher staking rewards. Additionally, the token powers the Best Wallet ecosystem; therefore, holders get community governance rights, which enable them to vote on key decisions on the Best Wallet ecosystem.
Growth Potential: One of the major advantages of the $BEST token is that it is backed by Best Wallet, which already has an established user base, contributing to the project’s presale success and raising over $12 million. Aside from its user base, Best Wallet supports thousands of tokens across 50+ blockchains and integrates features such as staking, cross-chain swaps, fiat on/off ramps, and a decentralized exchange. For these reasons, the $BEST token’s utility and price are likely to grow with increased user adoption and ecosystem development.
5. Mind of Pepe ($MIND)
Mind of Pepe ($MIND) is a meme-driven token that combines internet culture, advanced autonomous AI, and community gamification. $MIND adds utility through AI-generated content, interactive games, and limited-edition NFT drops. As a meme token with real use cases, Mind of Pepe is quickly becoming one of the most talked-about assets in the meme coin crypto market, having raised almost $12 million in its ongoing presale.
Use Case: $MIND powers an autonomous AI agent that interacts with crypto influencers on platforms like X (formerly Twitter). It uses its X persona to gather influencers’ opinions on meme coins and altcoins. The agent analyzes the collected data through a hive-mind intelligence system to identify trends and undervalued tokens with high growth potential.
Aside from interacting with crypto content and insights, the AI agent is self-evolving and will eventually be able to autonomously create new tokens, with exclusive access reserved for $MIND holders.
Growth Potential: While most meme tokens rely solely on hype, Mind of Pepe blends the two major 2024/2025 market trends—meme coin virality and AI innovation—offering a hybrid token that combines cultural relevance with real-world utility. With strong community backing and plans to introduce NFT staking and AI tools, $MIND could easily become one of the top-performing meme coins of the year, especially if it breaks into mainstream meme culture.
6. Bitcoin Hyper ($HYPER)
Bitcoin Hyper ($HYPER) is the first Bitcoin layer-2 scaling solution built on the Solana Virtual Machine (SVM). The project is designed to enhance Bitcoin’s blockchain by making transactions faster, cheaper, and more scalable. It aims to transform Bitcoin from primarily a store of value into a more efficient medium of exchange with single-second settlement times and transaction fees reduced to a fraction of a cent.
Use Case: With Bitcoin Hyper ($HYPER), holders can complete transactions, pay gas fees, earn staking rewards, and access premium dApps within the Bitcoin Hyper ecosystem. Bitcoin Hyper also unlocks Web 3 decentralized applications (dApps) for Bitcoin holders, including play-to-earn games, staking, lending protocols, and DeFi services, which are not natively supported on Bitcoin’s main blockchain.
Growth Potential: With rising demand for faster and greener Bitcoin alternatives, Bitcoin Hyper is gaining attention among both retail and institutional investors. Currently, the $HYPER token is on presale and has raised over $300,000 with early buyers benefiting from high staking rewards (up to 5,383% APY). While the token is expected to list on exchanges in late 2025, its success largely depends on whether it can fulfil its promise of solving Bitcoin’s biggest limitations.
7. Bitcoin ($BTC)
Bitcoin ($BTC) is the world’s first decentralized cryptocurrency and the most valuable digital asset by market capitalization. Launched in 2009 by Satoshi Nakamoto, Bitcoin operates as a decentralized store of value, secured by a proof-of-work consensus mechanism. Over the years, $BTC has evolved from an experimental idea worth $0 to a globally recognized hedge against inflation, now worth over $100,000 as of May 31, 2025.
Use Case: Bitcoin ($BTC) is currently recognized as a legal tender in El Salvador. It is also increasingly accepted as a payment method by online retailers and platforms, making cross-border payments easier and seamless. Another use case of Bitcoin is its integration into banking and investment services, including custody solutions, trading platforms, and asset management. Additionally, institutional adoption is growing, with ETFs and public and private companies holding significant BTC reserves.
Growth Potential: As of May 31, 2025, the price of Bitcoin was approximately 104,544 USD per BTC, with a market capitalization of around $2.06 trillion USD. Despite its maturity, Bitcoin still holds massive growth potential. Institutional adoption is accelerating, new Bitcoin ETFs are bringing in fresh capital, and its fixed supply continues to attract investors seeking safe-haven assets. With increasing global acceptance, some Bitcoin supporters believe that Bitcoin could eventually displace gold as the world’s leading store of value among central banks.
8. Ethereum ($ETH)
Ethereum ($ETH) is the second-largest cryptocurrency by market cap and the leading smart contract platform in the crypto market. Ethereum enables developers to create decentralized applications (dApps), non-fungible tokens (NFTs), and decentralized finance (DeFi) protocols using its secure and programmable blockchain. It is worth noting that the platform is transitioning into a modular structure, which will make it more energy-efficient, safe, and scalable.
Use Case: Ethereum powers smart contracts and decentralized applications across various sectors, including finance, gaming, and supply chain management. It also hosts the majority of DeFi protocols, facilitating lending, borrowing, trading, and yield generation without the need for intermediaries. This drives continuous demand for using ETH (Ethereum’s native token) to pay gas fees.
Additionally, most NFT activity takes place on Ethereum, supporting digital art, collectibles, gaming assets, and tokenized ownership. Ethereum also enables the tokenization of real-world assets, such as real estate and luxury goods, allowing individuals to hold fractional ownership and enterprises to manage supply chain provenance, royalty management, and secure data sharing.
Growth Potential: Ethereum remains the most widely adopted blockchain for smart contracts, and it has a thriving developer community. Ethereum’s transition to proof-of-stake and upcoming upgrades, such as the Pectra update, aim to improve scalability, reduce fees, and enhance the user experience, potentially positioning it as a dominant force in Web3 for years to come.
9. Solana ($SOL)
Solana is a high-performance, decentralized blockchain platform designed to support scalable decentralized applications (dApps), decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and other high-throughput use cases. Solana combines proof of history (PoH) and proof of stake (PoS) consensus mechanisms, allowing it to process thousands of transactions per second with minimal fees.
Use Case: Solana is primarily used to power smart contracts and decentralized applications that require high throughput and low latency. It is also the go-to platform for launching NFTs and meme coins due to its developer-friendly environment. Meanwhile, $SOL, the native token of Solana, is used for transaction fees, staking, and interacting with decentralized applications (dApps) on the Solana network.
Growth Potential: Solana’s scalability, low transaction fees, and expanding decentralized finance (DeFi) and NFT ecosystems position it well for adoption growth. Beyond 2025 price predictions, analysts predict that SOL could reach $700 in 2027, and potentially surpass $1,200 by 2030, driven by increased institutional adoption, ecosystem growth, and technological advancements.
10. Dogecoin ($DOGE)
Dogecoin ($DOGE) is a meme-inspired cryptocurrency originally created in 2013 as a playful alternative to Bitcoin. What started as a joke quickly grew into a popular digital asset, thanks to its enthusiastic community and endorsements from high-profile figures like Elon Musk. Dogecoin is widely recognized for its branding featuring the Shiba Inu dog and its strong social media presence.
Use Case: Dogecoin is used for online transactions such as tipping content creators on social media platforms and rewarding users for contributions. Additionally, some developers and businesses are integrating Dogecoin as a payment method for goods and services, leveraging its speed and low transaction costs to facilitate easier digital payments.
Growth Potential: There are hardly any middle ground when it comes to the Dogecoin user adoption, either they are die-hard fans or simply don’t care. Since the community is the primary backbone of $DOGE, their ability to adapt, innovate, and stay engaged will be crucial in determining Dogecoin’s long-term success. Additionally, if more businesses adopt $DOGE as a payment method and the community remains engaged, the coin could maintain its relevance as a unique blend of meme culture and utility.
11. XRP ($XRP)
XRP ($XRP) is a digital currency developed by Ripple Labs to facilitate fast, affordable, and secure international money transfers. Unlike most cryptocurrencies, XRP transactions do not rely on mining, which allows them to be completed within seconds and at very low costs. XRP was built to replace the outdated SWIFT system and was primarily targeted at banks and payment providers.
Use Case: Financial institutions and payment providers utilize XRP to facilitate instant international transfers, thereby reducing their reliance on intermediaries. Beyond payments, XRP’s ecosystem is expanding into asset tokenization and decentralized finance (DeFi).
The XRP Ledger supports the issuance of custom tokens representing real-world assets, such as securities, real estate, and commodities. This tokenization can unlock new liquidity and financial fluidity by enabling assets to serve as collateral, earn yield, and be traded seamlessly across the network.
Growth Potential: XRP stands to benefit from the massive and growing global cross-border payments market, which was over $100 trillion in 2022 and is projected to reach $250 trillion by 2027. Additionally, the recent resolution of regulatory uncertainty in the US, notably the SEC’s dropping of its lawsuit against Ripple, has improved investor confidence and opened doors for broader institutional adoption, including the potential approval of XRP-based ETFs.
12. Official Trump ($TRUMP)
Official Trump ($TRUMP) is a politically themed cryptocurrency inspired by the branding and public persona of President Donald J. Trump. Initially, the coin was created as a meme token, but it has evolved into a digital rallying point for a politically active community. Supporters use the token to express political views, fund causes, and participate in a culture-driven financial ecosystem centered around Trump-related media, events, and social narratives.
Use Case: $TRUMP is used primarily for digital political engagement, whether that’s tipping political creators, minting Trump-themed NFTs, or donating to aligned causes. It also plays a growing role in crypto-native political fundraising and merchandise platforms. Some holders use it to gain access to exclusive political communities and events.
Growth Potential: $TRUMP’s growth is directly tied to media attention, political events, and the US election cycle. After the initial buzz around the election, the Trump coin dropped from an all-time high of $73.43 to an all-time low of $4.29. While continued dominance in political conversations could power major spikes in traction, the token’s price has hardly recovered since the dip.
13. Avalanche ($AVAX)
Avalanche ($AVAX) is a high-speed, scalable blockchain platform designed to solve the limitations of earlier smart contract networks. Unlike many chains that rely on a single network, Avalanche employs a unique multi-chain approach, enabling developers to launch custom blockchains (known as subnets) tailored to specific needs. This makes it a flexible choice for enterprises, institutions, and Web3 builders looking for efficiency and control.
Use Case: $AVAX powers DeFi protocols, decentralized exchanges, NFT platforms, and enterprise solutions. Its low fees and fast finality make it ideal for building financial products that need speed and reliability. Projects utilize subnets to create tailored environments, ranging from gaming ecosystems to real-world asset tokenization. The token is also used for staking, governance, and paying transaction fees across the Avalanche ecosystem.
Growth Potential: Avalanche has carved out a strong niche in the world of enterprise blockchain and real-world applications. With partnerships ranging from Deloitte to Amazon Web Services, and a growing focus on tokenizing real-world assets (RWAs), $AVAX is well-positioned for long-term relevance. Its ability to scale without sacrificing security makes it one of the few platforms ready for global-level adoption.
14. DogWifHat ($WIF)
DogWifHat ($WIF) is a meme coin that exploded out of the Solana ecosystem, powered by a simple image: a dog wearing a hat. DogWifHat ($WIF) has evolved into one of the most viral community movements in the crypto market. Unlike traditional meme coins, $WIF doesn’t try to hide behind false promises or complex whitepapers; it thrives purely on culture, community, and the power of internet virality.
Use Case: $WIF represents cultural momentum, internet humor, and collective belief. Holders use it to build community-led campaigns, art projects, and social challenges across Solana spaces. The token also finds its way into NFT mints, meme contests, and Solana-native tipping economies, where social capital takes precedence over technical specifications.
Growth Potential: While it doesn’t offer a traditional roadmap, $WIF’s strength lies in its community. With a fast-growing social media presence, brandable imagery, and support from key Solana influencers, $WIF has become the face of Solana’s meme culture. If Solana continues to dominate in NFTs and retail engagement, $WIF could grow as the cultural coin of the chain.
15. Shiba Inu ($SHIB)
Shiba Inu ($SHIB) is a decentralized meme token that has grown far beyond its Dogecoin-inspired origins. What began as a fun experiment quickly evolved into a extensive ecosystem with its decentralized exchange (ShibaSwap), NFT projects, and a Layer 2 blockchain called Shibarium. Backed by a global community known as the “ShibArmy,” $SHIB is now one of the most recognized meme tokens in the world.
Use Case: $SHIB is used across a growing ecosystem of products. It powers ShibaSwap, where users can stake, swap, and earn rewards. It’s also used in NFT marketplaces, DeFi integrations, and as gas on Shibarium. Token holders can participate in governance, vote on new listings, and access community-driven features.
Growth Potential: $SHIB’s greatest strength is its community. With millions of holders and a constantly evolving ecosystem, it has staying power that most meme coins lack. The launch of Shibarium added real utility, allowing for faster and cheaper transactions. As the team continues to build out its metaverse and explore partnerships, $SHIB could transition from a cultural coin to a mainstream crypto product.
What Is Crypto Day Trading?
Crypto day trading is a strategy where traders open and close trades on the same day to profit from short term price movements, rather than leaving them open for several days or months. Unlike traditional markets, the crypto market operates 24/7, allowing traders to execute quick trades anytime and potentially earn a profit.
Day traders take advantage of the crypto market’s volatility, which creates frequent trading opportunities (and high risks) for trades within a short trading session, unlike long term investing. To capitalize on these significant price swings, a day trader may open and close multiple positions in Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), or smaller altcoins within a single day and make significant losses or gains.
As we go further in this article, you will discover the best cryptos to day trade, the benefits of day trading crypto, the factors to consider when choosing a cryptocurrency to day trade, and a step-by-step guide on how to day trade crypto.
Which are the Best Cryptos to Day Trade?
What are the Benefits of Day Trading Crypto?
The benefits of day trading cryptocurrencies include profiting from market volatility, 24/7 market access, low capital requirements, high liquidity, access to leverage, and the ability to employ multiple trading strategies.
- Profit from Volatility: As discussed earlier, the price of cryptocurrencies is hardly ever stable. They fluctuate based on demand, market sentiment, and other factors, resulting in multiple percentage point changes within hours. Day traders can capitalize on these rapid price swings to generate 100x their gains within a short trading session.
- 24/7 Market Access: Unlike traditional financial markets, crypto trading is available round-the-clock, which means you can find trading opportunities regardless of the time or day. Sudden market news or global events that generally occur outside market hours in other industries can be traded on immediately in crypto, which is an advantage for active day traders.
- Low Capital Requirement: Many exchanges allow traders to open positions with small amounts of money, usually as low as $5 – $10. Aside from the coin doing well, your returns also depend on the capital you invested, so if you trade with $10 and the trade does well, you will have different returns compared to a day trader who uses $100 as their crypto trading capital.
- High Liquidity: Top exchanges for crypto day trading support millions of active users, with some major platforms serving over 200 million traders globally. A large number of active users or trades is indicative of high liquidity. This high liquidity enables fast order execution and tight bid-ask spreads, helping day traders close and open positions with minimal slippage.
- Access to Leverage: Most crypto exchanges offer leverage (e.g., 5x, 20x, even up to 125x), allowing traders to open larger positions with less capital, potentially increasing their profits. For example, with 100x leverage, a 2% move in the right direction becomes a 200% return on the trader’s capital. While leverage trading carries high risks, the availability of leverage is attractive to active day traders looking to grow their accounts quickly.
- Multiple Trading Strategies: Crypto day trading offers a wide range of strategies to cater to the trading needs of beginner and advanced traders. From scalping (making many small trades for tiny profits) to momentum and news-based trading, the flexibility of approaches allows day traders to customize their style to match their personality, risk tolerance, and available time.
What are the Risks of Day Trading Cryptocurrency?
The risks of day trading cryptocurrencies are extreme market volatility, market manipulations, high transaction fees on some exchanges, and no guaranteed returns.
- Extreme Market Volatility: As discussed earlier, cryptocurrency prices can rise and crash within a minute. Prices can reverse suddenly due to market sentiment, breaking news, or large orders from institutional players (commonly known as whales). A position that is profitable one moment can quickly turn into a loss if the market swings unexpectedly.
- Market Manipulations: Another risk of crypto day trading is the presence of market manipulation, particularly in altcoins with a lower market cap. Because some crypto assets are not widely traded like others, it’s possible for groups to artificially inflate the price of a coin through coordinated efforts (known as pump-and-dump schemes), only to dump their holdings on unsuspecting traders once the price rises.
- High Transaction Fees on Some Exchanges: Centralized exchanges charge a fee for every trade, and when you’re executing multiple trades per day, these fees add up quickly. While some exchanges offer reduced fees for high volume traders or token holders, new or small traders may not qualify for these benefits. Even on decentralized platforms, gas fees, especially on blockchains like Ethereum, are typically higher compared to the fees paid on other networks, such as Polygon and Arbitrum.
- No Guaranteed Returns: While crypto day trading can be profitable, especially when you use leverage, there is no guarantee that you will make a profit. Sometimes, traders lose their capital in the process. Even experienced traders can have losing streaks, so it is advisable to trade with the amount of money you are willing to lose.
How to Pick Crypto for Day Trading?
To pick crypto for day trading, consider volatility for daily profits, high liquidity, chart patterns technical indicators, spreads and fees, and news and sentiment. Let’s explore why these factors matter.
1. Volatility for Daily Profits
Volatility refers to how much the price of a cryptocurrency moves within a specific period. Day traders rely on intraday volatility because rapid price swings create the chance to buy low and sell high within short timeframes. Coins with higher daily price movements provide more opportunities to profit from short-term trades. On the other hand, low-volatility digital assets tend to remain stable, which limits their potential for earning returns.
So, ensure you trade coins with patterns of upward price movements, as opposed to coins that have been on a downward trend for too long. Common examples of coins with high volatility include some of the best meme coins projected to surge in 2025, as well as major cryptocurrencies that frequently experience significant price swings.
2. High Liquidity
High liquidity means there is a large volume of buying and selling activity for a particular coin. Cryptocurrencies with higher trading volume are often more liquid and easier to buy and sell without significantly affecting the buy/sell price. You wouldn’t want to lose your profits to slippage, so look for coins with a consistent average daily trading volume ranging in millions or billions of dollars.
3. Chart Patterns and Technical Indicators
Another factor to consider is chart patterns and technical indicators. These are tools that help day traders anticipate where the market might move next and estimate entry and exit points. Chart patterns such as flags, triangles, and double tops often indicate the direction of price movement. Technical indicators like RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), moving averages, and Bollinger Bandshelp traders assess momentum, market trend strength, and possible entry or exit points.
4. Spreads and Fees
Every trade comes with a cost, either through cryptocurrency trading fees on the exchange or the spread between the buying and selling price. Since spreads and fees directly impact profits in crypto day trading, they can eat into your profits if they are too high. You need a coin that is supported on platforms with competitive trading fees and low spreads, so your intraday trading strategy doesn’t become unprofitable over time due to excessive costs.
5. News and Sentiment
Crypto prices often react sharply to news. Announcements about regulations, partnerships, listings, or major updates can move the market within a minute. Positive news can drive sudden and short term price movements, while negative news can lead to fast crashes. Understanding market sentiment through platforms like X (formerly Twitter), Reddit, or news aggregators will help you stay ahead of potential moves. Depending on the news and sentiments surrounding it, you can open or close your positions before or after such events to capitalize on the volatility they create.
Where to Day Trade Crypto?
Traders can day trade on major crypto exchanges like Binance, Coinbase, Bybit, Kraken Pro, KuCoin, OKX, Bitfinex, Huobi, Gate.io, and FTX. These platforms are suitable for active day traders due to their high daily trading volume, fast execution, and access to a wide range of trading pairs.
Binance, for instance, offers deep order books and low fees, making it especially attractive for traders executing multiple trades daily. Bybit is also a top pick, known for its smooth perpetual futures trading and intuitive interface that supports rapid decision-making in volatile markets.
For US-based day traders, Coinbase Advanced Trade and Kraken Pro are excellent alternatives. Coinbase Advanced Trade combines strong regulatory compliance with an easy-to-use interface and solid liquidity, making it ideal for newer day traders looking to stay within US legal boundaries.
On the other hand, Kraken Pro provides robust tools, margin trading, and advanced order types, making it suitable for more experienced traders who want a secure yet feature-rich platform. If you’re searching for the best crypto platform for day trading, these exchanges are great options for both beginner and advanced traders.
How to Start Day Trading Crypto: Step-by-Step
To start day trading crypto, you need to learn the basics of crypto trading, pick a reliable exchange, register your account, and then start trading. Below are the step-by-step actions to begin your journey as a crypto day trader.
Step 1: Learn the Basics of Crypto Day Trading
Intraday trading crypto involves trading cryptocurrencies within the same day to capitalize on short term price movements. It requires quick decision-making and constant market monitoring due to high volatility and 24/7 market hours, so if you are considering becoming a day trader, you need to be able to make decisions fast to capitalize on frequent price fluctuations.
Step 2: Pick a Reliable Crypto Exchange
Select an exchange with high liquidity, low trading fees, and a wide range of trading pairs. In addition, you need an exchange that is available in your region. For instance, while Binance is a popular choice due to its high trading volume and variety, the global exchange is not available to day traders in the US. However, options like Coinbase Pro and Kraken are great for US traders.
Step 3: Open an Account and Deposit Funds
Create an account on your chosen exchange, complete KYC, and deposit funds. Some cryptocurrency trading platforms accept fiat deposits, while others require you to first buy crypto, such as Bitcoin or Ethereum, elsewhere and then transfer it in. It is advisable to start with a small amount to manage risk, especially if you are a beginner trader.
Pro Tip: Major crypto exchanges offer reduced trading fees, monetary rewards, and other exclusive deals as a welcome bonus for new traders. To qualify for these offers, read this crypto sign-up bonus article to find the best referral codes to kickstart your day trading journey on top crypto exchanges.
Step 4: Start Trading
Before risking real money, practice your trading strategy with a demo account if the exchange you choose supports it. This helps you understand market behavior and refine your approach without financial risk. Once you are confident in your trading style, you can start trading with real money.
What are the Successful Tips for Day Trading?
Some successful tips for day trading include studying the market thoroughly to gain a comprehensive understanding, buying on timing and selling based on expectations, and implementing risk management techniques.
- Understand How the Market Works: Understand the cryptocurrency market, trading strategies, and learn how to use cryptocurrency trading tools and trading bots, if available on your chosen exchange. Additionally, ensure you stay up-to-date with financial news, economic indicators, and events that affect crypto assets.
- Buy on Timing, Sell on Expectation: Buy assets when the price is low or when you believe the timing is right, and sell based on how you expect the asset to perform. The key is to stay informed, trust your technical analysis, and avoid making impulsive decisions or being greedy.
- Implement Risk Management Techniques: Use stop-loss orders to limit losses, set risk per trade as a small percentage of your capital, and maintain a favorable risk-reward ratio. Additionally, since you are not holding crypto for the long term, it would be best to spread your investment across various tokens to diversify your portfolio based on your risk tolerance.
Please Note: You don’t need to win every trade; significant profits come from making more on winning trades than you lose on others. If you are looking for lower-priced assets with high upside potential, some of the best penny cryptocurrencies to buy with high growth potential, like those listed, offer volatile intraday trading opportunities.
Is Day Trading Crypto Worth It?
Yes, day trading crypto can be worth it. However, the factors that make crypto day trading profitable are your trading strategy, risk management, and a solid understanding of the crypto market. Although crypto day trading offers opportunities for quick profits and flexible trading, it is highly demanding and risky, with a high potential for losses.
While there is no assurance that you will always win, crypto day traders who understand the market dynamics and can manage the risks effectively will record more winning streaks than those who do not. Hence, it is advisable to study the market thoroughly and invest only the amount of money you are willing to lose.
Can You Make $100 a Day Trading Crypto?
Yes, it’s possible to make $100 a day trading crypto. However, how much you make depends on things like how much money you start with, the trading strategy you use, how the market is moving, your risk management strategies, and your trading skills. Some day traders achieve this by executing multiple small trades or capitalizing on price movements, but there’s no guarantee you will always win.
Disclaimer
The information in this article is provided for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets and day trading are highly volatile and involve significant risk, including the potential loss of your entire investment. Nothing in this content should be interpreted as a recommendation to buy, sell, or hold any cryptocurrency or financial product. Always do your own research before making any trading or investment decisions.
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