This is going to be a comprehensive guide on the best crypto exchange for scalping crypto.
We understand the importance of choosing a stable and reliable exchange when scalp trading cryptocurrencies on a short time-frame.
As an experienced crypto scalping trader, I will share with you my own view of which is the top choice in order for you to make a good decision.
The question “What is the best exchange for scalping crypto?” is going to be answered by giving hands-on examples of the top platforms we use.
I will also describe how I have reviewed over 50 platforms before selecting the top list below.
Best crypto exchange for scalping list
In the list below you can find our top exchange picks for scalping:
- BYDFi – Best crypto scalping exchange overall (Accepts US traders)
- Bybit – Best alternative for scalping crypto
- Binance – Best crypto broker for scalping altcoins
- PrimeXBT – Best scalping charting tools
- Phemex – Best app for scalping crypto
- Gate.io – Best for scalping options
Top 6 exchanges and platforms for scalping crypto reviewed
In this section, we have summarized the most important information for traders who are looking to scalp cryptocurrencies.
As we have tested each platform and we have also taken notes on what features are favorable for crypto scalping traders.
We have chosen the best crypto exchanges for scalping based on:
- Trading cost
- Liquidity
- Leverage
- Supported Cryptocurrencies
- Trading tools and charting interface
- Security and safety measures
BYDFi – Best crypto scalping exchange overall
BYDFi (formerly BitYard) has made it to the top of our best crypto scalping exchange list and was established in 2020 and it is headquartered in Singapore and operates with licenses from the United States and Canada which makes it a great crypto scalping platform for US traders.
Their crypto contract trading platform works great for scalping with leverage and it offers up to 200x leverage on Bitcoin futures and high leverage on most altcoins. Since the fee is lower than many other exchanges, I prefer to use BYDFi for contract trading with larger position sizes.
BYDFi provides:
- User-friendly interface
- All order types for scalping
- Spot trading
- Advanced margin trading
- Advanced scalping tools
- High liquidity
- Volatility-proof trading interface
- Ultra-fast matching engine suitable for scalping
- Copy trading
- Crypto derivatives
- 600 trading pairs
- Fiat currency deposits
The platform does not require KYC procedures for registration, making the process fast and simple.
BYDFi offers a variety of products, including spot trading, COIN-M trading (futures perpetual contracts), USDT-M trading (perpetual contracts settled in USDT), lite contracts (demo trading mode), and copy trading.
The fees on BYDFi vary depending on the product chosen. Spot trading fees for maker and taker transactions range from 0.1% to 0.3%. There are no deposit fees, but withdrawal fees depend on the chosen payment method.
A huge plus with using BYDFi is that it is a crypto exchange with stop loss which lets you take full control over your risk while scalping by placing a protective stop to prevent losses from getting out of hand.
You can make deposits with both debit cards, credit cards, bank transfers, e-wallets, and of course cryptocurrencies on BYDFi.
BYDFi has a mobile app available on both Google Play Store and Apple App Store, allowing traders to access the platform and place trades on the go.
BYDFi implements strict security measures to protect users’ assets, including trading systems, fund custody, auditing, and network security.
Why we like it
Pros of BYDFi include its diverse range of trading options, support for over 600 trading pairs, demo accounts for practice, and low slippage costs. However, a con is that crypto staking is not allowed on the platform.
Bybit – Best for crypto scalping tools
Bybit is a cryptocurrency derivatives scalping exchange established in 2018, headquartered in Singapore, and registered in the British Virgin Islands.
It offers most of the popular altcoin trading pairs for scalping such as USDT, BTC, ETH, LTC, and many more.
Bybit main features:
- Mark-to-market price mechanism
- Contract loss mechanism to cover deficits caused by liquidation
- User-friendly interface
- Various order types
- Data analysis tools
- Large pool of supported cryptocurrencies.
- No minimum deposit requirement
- 24/7 customer support
- Trading app for scalping
Bybit prioritizes security and employs cold wallets, offline signatures, and multiple verifications for withdrawal requests. It also has a 24/7 global customer support team available via phone, live chat, and email.
Why we like it
The exchange provides three scalping contract options: Inverse Perpetual, USDT Perpetual, and Inverse Futures, with access to features like cross and isolated margin trading.
Bybit also offers 100x leverage trading for scalping cryptocurrencies on perpetual futures products and has a dual price mechanism to protect traders from trade manipulation.
Binance – Best exchange for scalping altcoins
Binance is also ranked high on our best crypto scalping platform list that has gained widespread recognition in the digital asset trading ecosystem.
Established in 2017 by Changpeng Zhao, also known as CZ, Binance has become one of the largest and most reputable platforms for trading a wide range of cryptocurrencies.
Binance key features:
- User-friendly interface
- Extensive coin selection
- Advanced scalping trading tools
- Substantial trading volume and liquidity
- Minimum slippage
- Robust trading engine mechanism
- Low trading fees
- All order types for scalping crypto
Scalping, a short-term trading technique that aims to profit from small price fluctuations, requires a fast and reliable trading platform.
The exchange handles a substantial trading volume, ensuring that traders can execute their orders swiftly and efficiently, minimizing slippage and maximizing profit potential.
Binance also provides a range of advanced trading tools and features that are particularly advantageous for scalpers. The platform offers multiple order types, including market orders, limit orders, and stop-limit orders, enabling traders to implement their strategies effectively.
Additionally, Binance provides access to real-time market data, advanced charting tools, and customizable indicators, empowering scalpers to analyze price movements and make informed decisions.
Why we like it
A significant advantage of Binance for scalping is its competitive fee structure and liquidity. The exchange charges a relatively low trading fee, especially for users who hold and utilize its native cryptocurrency, Binance Coin (BNB).
This fee discount further enhances the profitability of scalping strategies, as lower transaction costs contribute to higher overall returns.
Binance also has the highest daily trading volume out of all exchanges mentioned in this best crypto scalping exchange list.
PrimeXBT – Best Bitcoin scalping exchange
PrimeXBT stands out as a top bitcoin exchange for scalping due to its advanced trading features and high liquidity. The availability of multiple trading pairs and altcoins ensures that scalpers have ample options to choose from and exploit various market opportunities.
One of the key advantages of PrimeXBT is its lightning-fast trade execution speed. The platform utilizes cutting-edge technology and infrastructure, allowing orders to be processed with minimal latency. This feature is critical for scalpers who rely on entering and exiting trades swiftly to capitalize on small price differentials. PrimeXBT’s low latency execution ensures that scalpers can react promptly to market movements, maximizing their chances of securing profitable trades.
Another significant benefit of PrimeXBT for scalping is the availability of leveraged trading. The exchange offers leverage options of up to 200x, allowing crypto scalping traders to amplify their positions and potential profits.
While leverage can be risky, experienced scalpers who understand the market dynamics can leverage their trades to multiply gains from small price movements.
Why we like it
PrimeXBT is suitable for both beginners and advanced traders as there are multiple choices to pick from when it comes to charting.
The platform offers advanced charting tools, real-time market data, and customizable trading screens. These features enable scalpers to monitor price movements closely, analyze trends, and make informed trading decisions swiftly.
Additionally, PrimeXBT ensures the security of user funds by utilizing cold storage wallets and implementing stringent security measures. This gives scalpers peace of mind, knowing that their assets are well protected.
Phemex – Best crypto scalping broker
Phemex is one of the best crypto scalping brokers that has gained significant recognition among traders, particularly those interested in scalping crypto. With its advanced trading features, user-friendly interface, and high liquidity, Phemex offers an ideal platform for scalpers looking to maximize their profits in the fast-paced crypto market.
Key features of Phemex:
- Lightning-fast trading engine
- Matching speed of up to 300,000 transactions per second
- Quick order execution
- Minimal slippage
- Advanced order types
- Intuitive charting interface for scalping crypto
- Low trading fees
Scalpers rely on split-second decisions, and Phemex’s robust infrastructure enables them to enter and exit trades swiftly, taking advantage of small price differentials.
Additionally, Phemex offers a variety of order types suitable for scalping strategies. Traders can utilize market orders for immediate execution or opt for limit orders to set precise entry and exit points. Phemex also supports advanced order types like stop orders and trailing stops, allowing scalpers to implement risk management techniques and automate their trading strategies.
Why we like it
What makes Phemex attractive to scalpers is its high liquidity. The exchange offers deep order books and tight spreads across a wide range of cryptocurrencies, ensuring that traders can execute large orders efficiently without significant price impact.
This liquidity is essential for scalpers who often engage in high-frequency trading and rely on quick trades to capture small price movements.
Phemex’s user-friendly interface is designed with scalpers in mind. The platform offers a customizable trading view, enabling traders to set up multiple charts and monitor various assets simultaneously. The intuitive layout and real-time market data allow scalpers to make informed decisions swiftly.
Gate.io – Best crypto options scalping exchange
Gate.io is a prominent top crypto scalping platform that has gained popularity among traders, particularly those engaged in scalping crypto. For crypto bot scalping traders who demand a high-performing exchange, we highly recommend Gate.io for its matching engine.
One of the key advantages of Gate.io for scalping is its fast and reliable trading infrastructure.
Gate.io employs:
- Cutting-edge technology to ensure speedy order execution
- Minimizing slippage and latency
- Large pool of altcoin trading pairs
- Volatility secured
- Best crypto scalping bot
- Scalping charting interface
- Super-fast matching engine
- Real-market data
This efficiency is crucial for scalpers who aim to profit from small price differentials and need instant trade execution.
This is especially beneficial for scalpers as they can capitalize on volatile price movements in multiple markets simultaneously, maximizing their trading opportunities. Additionally, Gate.io regularly lists new and promising cryptocurrencies, enabling traders to access emerging assets early on.
Another noteworthy feature of Gate.io is its intuitive trading interface. The platform is designed to provide a seamless trading experience, with real-time market data, customizable charts, and advanced order types. This allows scalpers to monitor price fluctuations, identify potential entry and exit points, and execute trades swiftly.
Why we like it
Gate.io offers competitive trading fees, which is beneficial for scalpers as frequent trading can accumulate substantial costs. The exchange provides a tiered fee structure, where higher trading volumes result in lower fees, incentivizing active traders.
In summary, Gate.io is a highly regarded cryptocurrency exchange that caters to the needs of scalpers. Its fast and reliable trading infrastructure, diverse selection of cryptocurrencies, user-friendly interface, emphasis on security, and competitive trading fees make it an attractive choice for traders looking to engage in scalping strategies.
What makes a crypto exchange good for scalping?
A crypto exchange that is good for scalping should have several key features. They are different from the best crypto futures exchange for example.
First and foremost, it needs to offer fast and reliable order execution with minimal slippage and latency issues.
The platforms that made it to our best crypto exchanges for scalping list all have features such as low slippage, latency, and high liquidity.
Scalping relies on taking advantage of small price movements, so a responsive trading platform is essential. Additionally, a good exchange for scalping should have high liquidity, allowing traders to enter and exit positions quickly without significant price impact.
Low trading fees are also important for scalpers who engage in frequent trading. Access to advanced trading features such as various order types, real-time market data, and customizable charting tools is a huge plus.
How to choose a platform or exchange for crypto scalping
When choosing the best crypto scalping exchange or platform, consider the following factors:
- Speed and reliability: Look for an exchange with a robust and efficient trading infrastructure that ensures fast order execution and minimal latency.
- Liquidity: Choose an exchange with high liquidity to ensure that you can enter and exit positions quickly without significant price impact.
- Trading fees: Consider the fee structure of the exchange, including maker and taker fees, and determine if it aligns with your trading volume and frequency.
- Advanced trading features: Look for platforms that offer advanced order types, real-time market data, customizable charting tools, and other features that support your scalping strategies.
- Security: Ensure that the platform has strong security measures in place to protect your funds and personal information.
- User experience: Test the platform before making a decision to see if you like the charting interface and the account interface.
This is similar to the best crypto exchange for day trading where traders also operate under very short time frames.
How to sign up and start scalping crypto
To sign up and start scalping crypto, you can follow our steps below:
- Pick a scalping exchange from our list. (We recommend Bybit or BYDFi)
- Register your account.
- Verify your identity (this is important to be able to withdraw money later).
- Deposit the funds you want to use for crypto scalping.
- Learn the scalping interface before you start.
- Choose your scalping trading strategy and take you first trade.
- Now monitor your open trades.
Remember to pick a platform from our comparison list of the best crypto exchange for scalping that suits your trading style and your own preference when it comes to payment methods.
How we selected and reviewed these platforms
The platforms mentioned in the previous article were selected and reviewed based on:
- Reputation
- Popularity
- Scalping features
- User feedback
- Our own testing of the crypto scalping exchanges
The author conducted extensive research and reviewed over 60 of the best crypto scalping platforms, considering factors such as:
- Trading cost
- Liquidity
- Leverage
- Supported cryptocurrencies
- Trading tools
- Security features
- User experience
The platforms mentioned in the article were chosen as the best based on their performance in these areas and their suitability for scalping strategies.
How does crypto scalping work?
Crypto scalping is a short-term trading strategy that aims to profit from small price fluctuations within a brief time frame. Scalpers typically enter and exit trades rapidly, sometimes within seconds or minutes, aiming to capture small profits multiple times throughout the day.
The goal is to take advantage of temporary price inefficiencies or momentum in the market.
Scalpers often rely on technical analysis, using various indicators, chart patterns, and market trends to identify potential entry and exit points.
They may employ strategies such as market making, where they provide liquidity by placing limit orders, or momentum trading, where they follow the direction of strong price movements.
To be successful in crypto scalping, traders need to have a deep understanding of technical analysis, risk management, and the ability to make quick decisions. Scalping requires constant monitoring of the market and the ability to react swiftly to changing price conditions.
Technical tools are all included in the platforms that are listed in our best crypto scalping exchange list.
How do you scalp cryptocurrencies?
To scalp cryptocurrencies, traders typically follow these steps:
- Identify a suitable cryptocurrency pair: Choose a cryptocurrency pair that exhibits volatility and sufficient liquidity for scalping. Popular pairs such as BTC/USD, ETH/USD, or major altcoin pairs are often preferred.
- Conduct technical analysis: Use technical analysis tools and indicators to identify potential entry and exit points. Look for short-term price patterns, support and resistance levels, and momentum indicators that can signal favorable scalping opportunities.
- Set up risk management parameters: Determine your risk tolerance and establish appropriate stop-loss and take-profit levels for each trade. Scalping involves taking quick profits and cutting losses swiftly, so risk management is crucial.
- Place trades: Based on your analysis, enter trades with appropriate position sizes. Scalpers often use limit orders to ensure they enter at desired price levels. Quick order execution is essential to capitalize on short-term price movements.
- Monitor trades closely: Once in a trade, closely monitor price movements and be prepared to exit the position if the market moves against you or reaches your profit target. Scalpers often use trailing stop orders to lock in profits as the price moves favorably.
- Repeat the process: Scalping involves multiple trades throughout the day. Continuously analyze the market, identify new opportunities, and execute trades based on your scalping strategy.
Top crypto scalping strategies
Most crypto scalping strategies are evolved from using technical indicators optimized for short term trading.
Some of the most popular strategies include:
- Support and resistance scalping: Identify key support and resistance levels on the price chart and enter trades when the price bounces off these levels. Set tight stop-loss orders and aim for quick profits as the price reverses.
- Breakout scalping: Look for price breakouts above resistance or below support levels. Enter trades as the price breaks out and ride the momentum for a short-term profit. Use tight stop-loss orders to manage risk.
- Trendline scalping: Draw trendlines on the price chart to identify short-term trends. Enter trades when the price bounces off the trendline in the direction of the trend. Exit trades quickly if the trendline is broken.
- Moving average scalping: Use moving averages to identify short-term price trends. Enter trades when the price crosses above or below a moving average and exit when the opposite crossing occurs.
- Scalping with indicators: Utilize technical indicators such as the Relative Strength Index (RSI), Stochastic Oscillator, or Moving Average Convergence Divergence (MACD) to identify overbought or oversold conditions. Enter trades when these indicators suggest a potential reversal or continuation of the trend.
Which market is best to scalp in?
The best market to scalp in depends on various factors, including liquidity, volatility, trading volume, and personal preferences.
Generally, highly liquid markets with significant trading volume are preferred for scalping due to tighter bid-ask spreads and better order execution.
Bitcoin, Ethereum, and other highly liquid crypto-pairs are the most popular choices among scalpers. These markets offer ample opportunities for short-term price movements.
The benefit of choosing an exchange from our list of the best crypto scalping exchange is that all of these features are included.
FAQ
Does Binance allow scalping?
Yes, Binance is an excellent crypto exchange for scalpers due to the highest liquidity in the industry, advanced trading tools, and a deep pool of altcoins to scalp.
Which timeframe is best for scalping?
Scalpers typically operate on shorter timeframes, such as 1-minute, 5-minute, or 15-minute charts, to capture rapid price movements. The choice of timeframe depends on the trader’s strategy, preferences, and the current market condition.
Can you make money scalping crypto?
Scalping can be a profitable trading strategy if executed with discipline and proper risk management. It’s important to note that scalping involves frequent trades with smaller profit targets, so the accumulated profits need to outweigh transaction costs, such as trading fees.
What is the best way to scalp crypto?
The best way to scalp crypto is to develop a well-defined trading strategy, do thorough analysis, and implement strict risk management techniques. Scalpers should focus on maintaining a high win rate instead of making large gains. Scalpers are experts in identifying favorable entry and exit points, using appropriate position sizing, and managing emotions.
What is the best crypto exchange for scalping fees?
Bybit currently has one of the lowest fees for scalping with 0.06% contract fees. This is also why it has taken the first spot on our best crypto scalping exchange list.
How do I choose crypto for scalping?
When choosing cryptocurrencies for scalping, consider factors such as liquidity, volatility, trading volume, and market trends. Highly liquid and volatile cryptocurrencies with significant trading volume offer better opportunities for scalping due to tighter spreads and frequent price movements. New coins that are listed on large exchange can also initially be very liquid and deploy high volatility.
What are the best indicators for crypto scalping?
The most used indicators for scalping include moving averages, relative strength index (RSI), stochastic oscillator, MACD, and Bollinger Bands. Traders often use a combination of indicators to confirm signals and identify potential entry and exit points.
What leverage is best for scalping crypto?
By leveraging your trading account you can afford to take on larger positions, however, using a 100x leverage scalping exchange is the maximum recommended leverage ratio.
Conclusion
Scalping cryptocurrencies such as Bitcoin and Ethereum can be difficult and as a day trader, it is of most importance that you select a top platform to operate on.
Our analysis suggests that BYDFi, Bybit, Binance, PrimeXBT, Phemex, Gate.io, Cryptohopper, and TradeSanta are the overall best crypto exchanges for scalping crypto.
Each platform has its unique features and strengths but of course with some drawbacks as we have seen during our testing.
The most important aspect of choosing an exchange comes down to security, fees, and trading tools.
All the necessary information about each platform is written in this article. Go through each of our reviews to find the best crypto exchange for scalping that meets your needs.
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Image credit contested and claimed by – QuantumAI Trading