What are the best exchanges for day trading bitcoin and other cryptocurrencies?

The crypto exchange is the main tool for every trader. And your profit depends directly on the quality of the crypto exchanges: risks, reliability, amount of the commission, trading limits, and more. Choosing the right cryptocurrency exchange may be one of the most important tasks for a trader or investor. Picking the wrong platform could potentially lead down a road riddled with hacks, distractions, and wasted effort. There are many factors and features to consider when cherry-picking a cryptocurrency exchange to use. Licenses, which allow performing such operations, may be classified into two groups: Specialized crypto-licenses implemented by authorized bodies especially to regulate operations regarding the exchange of cryptocurrencies (as an example, in Japan and Estonia). Traditional licenses, which regulate executing financial operations, and operations with cryptocurrency, are indirectly subject to them (for instance, in the USA, Hong Kong). Insurance fund You should also check whether or not the crypto exchange has an insurance fund. Some exchanges have funds in place to compensate users under specific circumstances. Asset selection Top digital assets such as Bitcoin,White Bitcoin (WBTC) Ethereum (ETH), and Litecoin (LTC) are widely available on most crypto exchanges. Other smaller cap coins and tokens, however, may not be available on certain exchanges. It’s better to have a wide range of assets for a good profit. Limits Many crypto platforms don’t have limits, or their limits are very reasonable. It’s better to find the exchanges where you can buy as many altcoins as you want. Fees All exchanges will have fees. If you trade a lot of cryptocurrencies, there are some exchanges where the fees are flexible. I will suggest my own list of reliable crypto exchanges: Kraken is one of the most seasoned and most well known cryptographic money trades right now in the task. The trade has assembled popularity for being a protected goal for anybody keen on exchanging cryptographic forms of money and it is likewise a prevalent decision for the brokers and institutions over an assortment of areas. Kraken holds a worldwide intrigue and gives effective exchanging openings to various fiat monetary standards. Belpay.io is a licensed platform for legal digital assets and cryptocurrency exchanges, which provides its users with legal, secure, and fast cryptocurrency. The company is located in Estonia and has all the necessary permits and documents to carry out activities in the field of cryptocurrencies. Binance — a main player in the crypto exchanges field. It serves fast transactions with low fees. Additional bonuses are multi-lingual customer support and mobile apps for trading. Coinbase is actually not a crypto exchange itself, but a brokerage service. But, it works very fast, allowing users to make transactions right after account verification. It is perfect for beginners taking into account intuitive interface and fast transactions. At the same time, transaction fees are rather high, for example in comparison to GoDex or Kraken.