Best Exchange for day trade? - page 2.

Becky666

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Quote from: milandres0207 on July 19, 2020, 09:57:51 PM

As long as the exchange you use now is giving you a nice profit whether it is on top or not in the market I can
consider it as good and best exchange dude because even if you stay in the best exchange and yet your not getting any good profit in it, I cannot say its best anyway. I hope you get what I'm pointing out.

Some important stuff you should understand around a good cryptocurrency exchange is, they always have good trade volumes compared to those cryptocurrency exchange with fake trade volumes. You can't get your needed profit from any cryptocurrency exchange with fake trade volumes, rather, you as a trader can easily get profit from real and standard exchanges. Best exchange should be embrace if any trader ever wants some good trade returns. Binance is one of my cryptocurrency exchange where I trade my coins and tokens with good profits.

LbtalkL

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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.

royalfestus

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Quote from: Shohag123 on July 19, 2020, 05:43:29 PM

For trading,Binance is the best that I usually use.They have a huge volume for trading.And they have a more than 100 cryptocurrency.And most important factor me is the exchanges withdrawl speed and withdrawl fee.And Binance has the fastest withdrawl spped and they have very low withdrawl fee as well as teading fee.And without kyc anyone can trade ,deposit and withdraw.And most important factor is the security and Binance will give you the best security and its very safe.

So I will recommend you to use Bianace .

Am not sure you are right with the KYC level for trade with binance, I think it is strict with KYC. Binance looks to have very low tolerance for users without KYC with a lot of denail for some use. Binance has so many use that should demand for early verification for subscribers. However, It has the volume for trade and the transaction are ridiculously low, sometimes unnoticeable.

Utoy101

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Quote from: Zabivelli on July 04, 2017, 08:19:19 AM

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

Thanks. Grin

I think the best exchange in the entire crypto space that suits every set of trading requirement is binance. It provide the best and cheapest trading services in the entire industry and talking about volume and liquidity, it has almost the highest which result in quick trades as a lot of traders are active on the exchange. Binance is known for it's constant updates towards better user interface, security, trading services as well as bridging the gap between crypto and Fiats, anyone looking for a good exchange should consider binance

yohananaomi

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Quote from: thesmallgod on July 21, 2020, 08:47:04 AM

I wonder if you are considering trading volume because if you have been doing this with 0.18% fee, I must tell you that the it if fair enough. Sometime I do daily trading on bitmax but the major challenge I'm facing is low number of traders and low trading volume. My order always take long to be filled. In case you want to try and compare with bitmax. There fee is also low

this is a very significant problem and strongly influences that indeed most people will experience what the partners said above that their trading volume is very low.

but I have never used bitmax like a colleague so I can't comment on it a lot, but I use hitbtc, livecoin, kucoin and it seems like it can be enjoyed quite well and there are no obstacles that occur and also quite cheap costs are charged.

although of course low cost is not recommended for use because obviously there will certainly be consequences that will occur with low costs. not comparable to what we will get from cheap results of course. although sometimes there is a delay received from these cheap costs, which is feared to be stuck for a long time.

sana54210

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I would say the best way to make it into something is not the exchange but how good you are. You can pick the greatest exchange in the history of the world, you can build the most amazing exchange that ever can be and even in that situation you could still not make a single cent if you are not good at it at all.

If you are however a great trader that means you could make a profit in the worst of exchanges that is about to exit scam right after you withdraw. So, that is the thing, there is obviously a difference between exchanges and you could definitely have a difference and that is just what we could have a difference but not something huge, so there is really no point on focusing with the exchange part, which could help but mainly focus on the fact that you need to be a good trader.

abel1337

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Quote from: Raflesia on July 21, 2020, 10:47:22 AM

Quote from: Assface16678 on July 21, 2020, 01:08:22 AM

Even in trading for a day trade, or weekly trade for me one of the. eat exchange is still the binance because they have an accurate and a good volume of coins that you can win all of those trades easily but still as we said there is non-risk trading still you must need to have a deep learning a lot of skills and experience how to work on it because there are a lot of newbies right now are having mistakes on trading too.

Also, the reason why I want to use the binance even they have a trading platform they have an exchange platform too so it's easier to convert all of your funds immediately without hassle also they have the P2P, classic, advance and margin you can visit their platform and explore more if you want.

Binance can be said is the perfect future exchange why because for me it is quite easy to make withdrawals to a local bank and need time in under 1 minute so I prefer trading like this.

Binance is now one of the centralized exchanges where there is news from CZ about coins or renewals so I think many people want to know about it, even the coins and tokens that are there with a good enough volume I think this can be in the beginning for the newbie to do this by experimenting first.

As we see based on reply on this thread, Binance is the most recommended exchange even for day trading due to their good reputation, User-friendly interface, security, volume, and other factors that people love about Binance. I can agree to the part that it can be a perfect future exchange since its platform keeps updating. They are adding new features to their platform for users to use and gave other traders reason to switch exchange. To be honest I also recommend it myself based on my experience trading in it.

beerlover

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Quote from: thesmallgod on July 21, 2020, 08:47:04 AM

I wonder if you are considering trading volume because if you have been doing this with 0.18% fee, I must tell you that the it if fair enough. Sometime I do daily trading on bitmax but the major challenge I'm facing is low number of traders and low trading volume. My order always take long to be filled. In case you want to try and compare with bitmax. There fee is also low

I am aware of the derivative crypto exchange bitmex but never heard about bitmax. Why you keep trying on some exchange where you could not find enough volume to get your orders filled instantly? I am not day trading but whenever I do try on bittrex, even I do not go for market orders, I am getting my orders filled as quick as possible if I am lucky to catch lower prices. Getting filled is requiring lots of factors to be met. But, high liquidation must be first one among them.

I believe low trading commission will not be a constraint for choosing a best to exchange for day trading. Because when you're capable of catching more pips then paying some percentage from the profits you just made will not be a big problem for any trader. The only constraint must be being capable of catching more pips which should be enough for covering all the fees and our targeted profits.

Raflesia

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Quote from: Assface16678 on July 21, 2020, 01:08:22 AM

Even in trading for a day trade, or weekly trade for me one of the. eat exchange is still the binance because they have an accurate and a good volume of coins that you can win all of those trades easily but still as we said there is non-risk trading still you must need to have a deep learning a lot of skills and experience how to work on it because there are a lot of newbies right now are having mistakes on trading too.

Also, the reason why I want to use the binance even they have a trading platform they have an exchange platform too so it's easier to convert all of your funds immediately without hassle also they have the P2P, classic, advance and margin you can visit their platform and explore more if you want.

Binance can be said is the perfect future exchange why because for me it is quite easy to make withdrawals to a local bank and need time in under 1 minute so I prefer trading like this.

Binance is now one of the centralized exchanges where there is news from CZ about coins or renewals so I think many people want to know about it, even the coins and tokens that are there with a good enough volume I think this can be in the beginning for the newbie to do this by experimenting first.

thesmallgod

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I wonder if you are considering trading volume because if you have been doing this with 0.18% fee, I must tell you that the it if fair enough. Sometime I do daily trading on bitmax but the major challenge I'm facing is low number of traders and low trading volume. My order always take long to be filled. In case you want to try and compare with bitmax. There fee is also low

ethanolmos

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I personally use https://changehero.io/ as an exchange platform. It's easy to work with, the exchange and withdrawal process itself is fast. You can also work with different types of cryptocurrencies, which is quite convenient compared to other services.

Assface16678

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Even in trading for a day trade, or weekly trade for me one of the. eat exchange is still the binance because they have an accurate and a good volume of coins that you can win all of those trades easily but still as we said there is non-risk trading still you must need to have a deep learning a lot of skills and experience how to work on it because there are a lot of newbies right now are having mistakes on trading too.

Also, the reason why I want to use the binance even they have a trading platform they have an exchange platform too so it's easier to convert all of your funds immediately without hassle also they have the P2P, classic, advance and margin you can visit their platform and explore more if you want.

alan2here

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Quote from: Shasha80 on July 19, 2020, 06:38:34 PM

Do not carelessly choose exchanges for day trades, choose popular exchanges and also have a high trading volume. Because
when day trading we need coins with high demand, so it's easy to sell every day. I recommend Binance and KuCoin to be able
to trade day safely, because in both exchanges there are many coins with high volumes. So it's easier to take profit.

There are a lot of exchanges available to investors but before deciding to deposit, you should consider whether it is safe or not. In the past, there was a lot of exchange that caused many investors to lose money like Idax or Bcnex so generally no exchange is the safest in this market.

My advice is to only choose exchanges that have a good reputation like Huobi, Binance, Bittrex or Coinbase because this is a place where you can safely deposit and withdraw without any problems.

milandres0207

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As long as the exchange you use now is giving you a nice profit whether it is on top or not in the market I can
consider it as good and best exchange dude because even if you stay in the best exchange and yet your not getting any good profit in it, I cannot say its best anyway. I hope you get what I'm pointing out.

DoublerHunter

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^ Bear in your mind that there is no safe exchange nowadays. Everything will be hacked and we don't know when or what exchange will be hacked. So, I advise depositing amount that you only can afford and never store bitcoin on exchange for long term purposes. Withdraw if you want to take a break in trading and never let your bitcoin sleep there. Even Binance that the most popular exchange was experienced hacked incidents last year.
Nevertheless, as of now, this Binance exchange is very popular in trading exchange, probably this is good if you try some little amount.

Shasha80

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Do not carelessly choose exchanges for day trades, choose popular exchanges and also have a high trading volume. Because
when day trading we need coins with high demand, so it's easy to sell every day. I recommend Binance and KuCoin to be able
to trade day safely, because in both exchanges there are many coins with high volumes. So it's easier to take profit.

Shohag123

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For trading,Binance is the best that I usually use.They have a huge volume for trading.And they have a more than 100 cryptocurrency.And most important factor me is the exchanges withdrawl speed and withdrawl fee.And Binance has the fastest withdrawl spped and they have very low withdrawl fee as well as teading fee.And without kyc anyone can trade ,deposit and withdraw.And most important factor is the security and Binance will give you the best security and its very safe.

So I will recommend you to use Bianace .

kynaz

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Although Binance is at the highest of the list kucoin may be a far better platform to exchange I exploit kucoin and Binance In exchanging kucoin sometimes forex traders want to accumulate trades at higher margins but they're not prepared to risk. OctaFX Forex Broker grants a 50% bonus on the deposit which helps the user to start out Forex trading at a better margin increasing their account balance.

Many people will have different preferences in trading options but I personally prefer using Binance because this exchange has the best liquidity in this market. In addition, Binance is a company that has a huge influence on the crypto market and most recently they are issuing payment cards so Binance will certainly be an exchange that can influence the world in the near future. I believe that CZ can change this market so that people know more about the existence of the crypto market.

BitcoinTurk

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Quote

- What's the best exchange to trade daily?

I think one of the most important factors for trading on a daily basis is the transaction volume and the other is the excess of the trading pair. For this reason, Binance will be the best option I can recommend to you if you need to recommend according to your daily trading volume.

Quote

- On what exchange do you guys trade and why?

I usually use Binance exchange for my daily or short-term trading transactions. FTX exchange is my preference for leveraged transactions.

Quote

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

When I set my profit margin between my trades, I take trades, especially considering the commissions. In this way, I did not buy or sell at a loss or without any gain.

elisabetheva

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until now I actively use livecoin and for me this is an exchanger that is quite good and easy to use. not do kyc to be able to use for all transactions.
what is sought is the convenience that is obtained and of course a fee that if possible is quite inexpensive but not also feasible if it is too small because it will result in a transaction will be quite delayed.

should if you make a sale or purchase at livecoin, you must must first calculate the cost of sales and purchases so as not to lose. Moreover, with a small transaction, it is certain that it will be consumed by the fees experienced when making transactions. to still count first is a must before making a transaction.

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