Trading cryptocurrency can be a fast-paced and exciting experience. It provides traders with a variety of ways to make money, including scalping, day trading, swing trading. The need for automated trading has increased as the crypto market continues to evolve and become more saturated. Traders can benefit from opportunities 24/7 with automated trading tools. Crypto trading bots have become popular in recent years. These tools automate strategies based on the market conditions.
The right exchange is an important factor to consider when trading cryptocurrency. It is important for traders to have a reliable partner in exchange. This can have an impact on their profits. Crypto exchanges have a vital role in facilitating trade, providing liquidity, executing order, and providing access various cryptocurrencies. Not all exchanges are created equal, and traders need to choose the exchange that best suits their needs.
For high volume traders, choosing the right exchange becomes even more crucial. High volume traders deal with large amounts of money, and even a small difference in trading fees could have a major impact on their bottom-line. A high volume exchange must also have ample liquidity to handle large orders without slippage. This post will reveal the best crypto exchanges to trade high volumes and explain the features that traders need to look out for.
1. Binance
Binance is the largest and most popular cryptocurrency exchange in the market. It boasts a large amount of liquidity and trading pair. The exchange’s average daily trading volume is over $4 billion. This makes it a top choice for traders that execute large orders. Binance has competitive trading fees. The standard fee is 0.1% and can be further reduced by holding Binance Coin. The exchange offers a variety of trading pairs including fiat-to crypto, crypto-tocrypto and futures trading.
Binance offers a trading interface that is designed for high volume traders. The interface provides numerous charting tools, technical indicators, and order types, including stop-limit, OCO (one-cancels-the-other), and bracket orders. Binance has a robust trading API that allows traders easily to interface their bots with the exchange.
2. Kraken
Kraken is a popular crypto exchange based in America that offers trading services on popular cryptocurrencies, such as Bitcoin and Ethereum. The exchange has a good reputation for its transparency and security measures. Kraken has a relatively low trading fee structure in comparison to its competitors. The standard fee is 0.16% and can be further reduced if you increase your trading volume.
Kraken provides advanced trading features, including margin trading and futures trading. It is an excellent choice for traders with high volumes. Kraken provides a highly customizable API that can easily be integrated with any trading robot.
3. Bitfinex
Bitfinex, a popular Hong Kong based crypto exchange, offers trading services for a variety of cryptocurrencies including Bitcoin, Ethereum and Litecoin. Bitfinex has a reputation for high liquidity and low fees. The standard Bitfinex trading fee is 0.1%. This can be reduced by using the platform’s native Leo Token.
Bitfinex has a highly configurable and customizable API, which allows traders to customize their access to the markets. The exchange offers a wide range of trading pairs including fiat-to crypto and crypto-to crypto pairs, making it a popular choice for professional cryptocurrency traders.
4. Huobi
Huobi, a prominent crypto-exchange based in Singapore, has a global presence. The exchange offers trading for cryptocurrencies including Bitcoin, Ethereum, Litecoin and many more. Huobi is a popular choice for high volume traders due to its low trading fees and high liquidity.
Huobi’s advanced trading interface provides traders with access to a wide range of technical indicators, charts, and order types. The exchange provides an API to allow traders to integrate their trading robots with the Huobi platform.
5. Coinbase Pro
Coinbase Pro, a US-based cryptocurrency exchange, offers trading services on a limited range of cryptocurrencies including Bitcoin, Ethereum Litecoin and Bitcoin Cash. Coinbase Pro offers a transparent fee structure with a 0.5% trading fee per trade. This fee can be reduced based on the volume of trading.
Coinbase Pro is a trading interface with advanced features that includes a variety of technical indicators, charting tools and more. The exchange recently improved its API in order to provide a more seamless integration with trading robots.
To conclude, finding the best crypto exchange for high-volume trading is an important task for any crypto trader. Traders should look for exchanges with high liquidity, low fees, a variety of cryptocurrencies, advanced functionalities, and highly customized APIs. Binance, Kraken Bitfinex Huobi and Coinbase Pro are the five exchanges that we have highlighted in this article. They offer all of these features and are perfect for high volume trading.