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Best crypto exchange for scalping and order flow

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By Yuriy Bishko Updated February 29, 2024
BikoTrading Academy

 

In the dynamic world of crypto trading, choosing the right exchange is a critical decision that can significantly affect a trader's success and profitability. We have tested various options and will share the factors to look for when choosing an exchange to trade on in order to choose the right one for cryptocurrency trading, as well as tell you about the best crypto exchange for scalping and different styles of trading currently used by our team – Bybit.

What factors to consider when choosing an exchange?

When choosing a cryptocurrency exchange for futures trading, you should pay attention to its functionality and policies. Here are some tips:

  • High liquidity and trading volume minimize the risk of drawdown and ensure that traders can open and close positions efficiently. 
  • Pay attention to the list of cryptocurrencies available on the exchange and whether they match your trading strategies. A diverse selection of coins and tokens gives you more opportunities to benefit and diversify your portfolio.
  • The interface should be intuitive and customizable to suit your needs. Choose platforms that provide advanced charting tools, technical indicators, order types, and real-time market data.
  • Choose exchanges with a competitive fee structure, transparent fees, and the ability to receive fee discounts based on trading volume.
  • Look for exchanges that employ strong security measures, such as two-factor authentication, cold storage of funds, encryption protocols, and regular security audits.
  • Exchanges that follow KYC and anti-money laundering policies may require proof of identity.

Why did we choose Bybit 

When it comes to choosing the best crypto exchange for day trading, we have confidently chosen Bybit. Bybit is also at the top of the list as the best exchange for scalping crypto because it offers a number of advantages that set it apart from other exchanges.

Impressive trading volumes and variety of cryptocurrencies

Bybit is consistently ranked among the top exchanges in terms of trading volume. Bybit offers a diverse range of cryptocurrencies, second only to Binance. As professional traders, we primarily focus on the top 10-20 contracts to maximize our trading potential.

the best exchanges for crypto futures

Accessibility for traders around the world

Bybit provides its services to traders from a variety of countries, including Germany, the Netherlands, the UK, the US, Canada, Australia, and many others. This accessibility is crucial, especially for traders who face restrictions on trading futures markets. Bybit ensures that traders can take advantage of the full range of cryptocurrencies available on the exchange.

Availability of KYC

Bybit's KYC verification procedure has several potential benefits, making it the best crypto exchange to trade with KYC. First, it provides greater security for traders, helping to avoid fraud and financial crime. In addition, it allows the platform to comply with anti-money laundering and terrorist financing regulations. KYC compliance also creates a safe environment for traders.

Powerful financial reserves

Bybit transparently demonstrates the distribution of its reserves, a significant portion of which is held in stablecoins such as USDT and USDC, as well as in the main coins BTC and Ethereum. This balanced approach reduces the risks associated with excessive exposure and ensures that traders' funds are safely stored.

the best exchanges for crypto futures

Compatibility with trading platforms

Bybit integrates seamlessly with trading platforms to provide a seamless trading experience with access to real-time data, comprehensive analytics, and advanced trading tools. You can connect TradingView to Bybit and use TradingView's technical indicators and analytical tools to conveniently access additional analytical capabilities to improve your trading strategy. For more information about TradingView, please follow the link.

the best exchanges for crypto futures

Access to statistical data

We greatly appreciate the importance of comprehensive statistical analysis, and Bybit provides detailed trade analysis and performance statistics to help traders make informed decisions, learn from previous trades, and improve their strategies. The ability to track and evaluate trade performance is crucial for long-term profitability in crypto trading. 

Conclusion

What is a crypto exchange? It’s your main platform where you do analysis before trading. Each trader determines which exchange to choose for trading crypto futures according to their requirements and needs. The most famous crypto exchange and reliable for users is Bybit.

What is the largest crypto exchange? Binance (the biggest crypto exchange according to CoinMarketCap, Coinbase Exchange, KuCoin, and Bybit.

What is the best crypto exchange? We believe that Bybit is the best crypto scalping exchange for traders. The exchange offers a large trading volume, a variety of contracts to choose from, and access for traders from all over the world. It’s also the most user friendly crypto exchange. Bybit also maintains significant financial reserves, integrates well with popular trading platforms, and provides valuable statistical services.

Join us at Bybit as we show you how to open an account on the exchange, how to trade cryptocurrency futures, and how to develop a reliable trading strategy.


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