Cryptocurrencies, including Bitcoin, are notoriously volatile, with prices fluctuating dramatically within a 24-hour period. This volatility presents an opportunity for day traders to capitalize on modest price swings. To maximize trading opportunities, day traders need to choose the right platform that offers the necessary crypto pairings, markets, low costs, and liquidity. Look no further than Crypto.com – the best crypto exchange for day trading in 2022. In this article, we will explore why Crypto.com stands out in the world of cryptocurrency trading.
1. Overview of Crypto.com
Established in Hong Kong in 2016, Crypto.com has grown to serve over 10 million users worldwide, offering more than 250 cryptocurrencies. With its extensive currency selection, affordable costs, and other services, Crypto.com caters to both novice and experienced cryptocurrency users. However, the abundance of features may be overwhelming for beginners. Overall, Crypto.com is an ideal platform for those who want to do more with their cryptocurrencies than just buying and holding. It’s perfect for aggressive traders and anyone interested in utilizing cryptocurrency as a currency rather than just an investment.
2. The Benefits of Using Crypto.com for Day Trading
When compared to Coinbase, another well-known exchange in the United States, Crypto.com offers a wider selection of tradable assets and lower trading costs. Although its interface may be less user-friendly and more challenging to navigate, Crypto.com’s features make it a better option depending on your requirements. Additionally, Crypto.com boasts certifications such as ISO/IEC 27701:2019, CCSS Levels 3, ISO27001:2013, and PCI: DSS 3.2.1, Level 1. This emphasis on privacy, security, and compliance ensures a safe trading environment. The platform has succeeded in democratizing blockchain technology by providing practical financial solutions that have a positive and long-term impact on people’s lives.
3. Getting Started with Crypto.com and Day Trading
If you’re looking to accept cryptocurrency payments, Crypto.com’s Pay UI option allows you to receive funds with no or minimal fees. Users can settle payments in cryptocurrencies such as BTC, CRO, LTC, and ETH. Furthermore, the Crypto.com payment wallet is user-friendly and compatible with various e-commerce platforms. Setting up personal wallets takes only a few minutes, allowing for easy management and tracking of payments.
4. The Features That Make Crypto.com the Best Crypto Exchange for Day Trading
Crypto.com offers a range of exceptional services that set it apart from other exchanges. Here are some of the standout features:
Desktop trading platform: Crypto.com’s desktop exchange provides a sophisticated user interface for spot trading, margin trading (10x leverage), and BTC USD perpetual contracts (up to 50x leverage). This platform is perfect for experienced traders seeking more options.
Insurance for your cryptocurrencies: Crypto.com has obtained a US $100 million direct insurance coverage for its cold room assets on custodian partner Ledger Vault. With this comprehensive insurance coverage, the platform ensures the security of its users’ funds.
Mobile app for iOS and Android: Crypto.com’s app allows users to access its wide range of services on the go. Users can buy cryptocurrencies with fiat money, swap between cryptocurrencies, and take advantage of services such as Crypto.com Pay and Crypto.com Visa card applications.
Crypto Earn: Users can earn up to 10% interest by staking over 40 cryptocurrencies. Staking durations can be customized, and the amount of CRO currency invested affects the interest earned on other staked coins.
Visa debit card: Crypto.com offers a free Visa debit card that provides up to 5% cashback on transactions, discounts on subscriptions and reservations, airport lounge membership, and additional interest on fixed-term savings.
Live chat support: Crypto.com provides live chat assistance, ensuring prompt responses to user inquiries.
CRO coin: Crypto.com has its own token (CRO) that offers various rewards and perks, including daily interest, rebates on trading fees, and cashback on Crypto.com Pay transactions.
If you’re a cryptocurrency trader looking for a platform with low costs and a wide range of supported currencies, Crypto.com is the ideal choice. It caters to individuals with intermediate knowledge of Bitcoin and cryptocurrencies, and its mobile app makes managing crypto assets as easy as using a banking app. While customer support may not be their strongest suit, Crypto.com’s self-service approach is well-suited for those who prefer independent trading. Explore the world of cryptocurrency day trading with Crypto.com today!
[E-E-A-T]: Expertise, Authoritativeness, Trustworthiness, Experience
[YMYL]: Your Money or Your Life