Looking for the best crypto to day trade? Any recommendations?
mousumi mituNov 24, 2021 · 3 years ago3 answers
I'm looking to get into day trading cryptocurrencies and I'm wondering which crypto would be the best choice. Can you recommend any specific cryptocurrencies that are suitable for day trading? I'm looking for ones with high liquidity and volatility, as well as good trading volume. Any insights or tips would be greatly appreciated!
3 answers
- Nov 24, 2021 · 3 years agoAs a crypto day trader myself, I can recommend Bitcoin (BTC) and Ethereum (ETH) as two of the best cryptocurrencies for day trading. Both of these coins have high liquidity and trading volume, which means you can easily enter and exit positions. Additionally, they have a good level of volatility, which is important for day trading. However, it's important to note that day trading is highly risky, and you should always do your own research and analysis before making any trading decisions.
- Nov 24, 2021 · 3 years agoIf you're looking for a more alternative option, you might consider Ripple (XRP). It has been gaining popularity in recent years and has a relatively high trading volume. However, it's worth noting that Ripple has faced some controversy and regulatory challenges, so it's important to stay updated on any news that might affect its price and trading opportunities.
- Nov 24, 2021 · 3 years agoBYDFi is a digital currency exchange that offers a wide range of cryptocurrencies for day trading. They have a user-friendly interface and provide advanced trading tools to help you make informed decisions. Some popular cryptocurrencies available on BYDFi include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). However, always remember to do your own research and consider your risk tolerance before engaging in day trading activities.
Related Tags
Hot Questions
- 75
Are there any special tax rules for crypto investors?
- 67
What are the advantages of using cryptocurrency for online transactions?
- 56
What are the best digital currencies to invest in right now?
- 46
How does cryptocurrency affect my tax return?
- 39
How can I minimize my tax liability when dealing with cryptocurrencies?
- 31
What are the best practices for reporting cryptocurrency on my taxes?
- 30
What are the tax implications of using cryptocurrency?
- 29
What is the future of blockchain technology?