There are many approaches for crypto trading, more or less long-term, using high volatility and avoiding it, but among them, there is one called crypto scalping. Of course, there must be the best tools for crypto scalping, namely crypto scalping apps and platforms.
Today we will refresh what is crypto scalping and also take a look at the top platforms for crypto scalping 2024.
What is Crypto Scalping?
Crypto scalping is a specific approach to crypto trading, as opposed to position trading which relies on long-term price dynamics and capitalizing on its big ups and downs over weeks, months, and sometimes even more.
Many traders prefer high-frequency trading for crypto scalping where you make trades in minute intervals and earn small amounts on short-term price fluctuations.
On the one hand, you don’t make big moves that will bring a significant profit all at once, but on the other hand, you risk much less, often operating with small amounts of trades, having many more points to refine your strategy and evaluating the success of the trade through the cumulative daily profit.
- Range Trading. A strategy that helps you make money between support and resistance levels on short timeframes, where you buy at support and sell at resistance, taking profits.
- Breakout Trading. Here traders open positions when the price breaks an important level, making a profit at the opposite resistance or support level.
- RSI. This indicator helps to identify the overbought and oversold levels of an asset.
- Bollinger Bands. This indicator often helps to identify volatility levels, and potential pivot points, critical indicators for high-frequency trading for crypto scalping.
- Moving Averages. One of the most useful indicators is the indicator that reacts faster and gives exponentially more weight to the recent periods like the EMA, as well as the WMA, which gives more weight to the recent periods but not exponentially.
Crypto Scalping Platform Comparison 2024
MEXC
Legal Name: mexc.inc
24h futures trading volume: $11.6B
Proof of Reserves: $3.1B
Maker Fee: 0%
Taker Fee: 0.02%
TOTAL: 0.02%
Let’s start with one of the best platforms for day trading crypto 2024, MEXC. You can find its detailed review here, but what definitely places it on this list is MEXC is one of the best platforms with low fees for crypto scalping, which are lower than all of its competitors. This is extremely important because fees are something you pay with every trade, and in the case of crypto scalping, you could be making dozens or even hundreds of trades in a single day.
Like similar platforms, MEXC offers you a wide range of order types, such as limit, market, post-only, trailing stop, and trigger orders, allowing multiple entry and exit points. Additionally, it provides indicators like Moving Averages, RSI, Bollinger Bands, and customizable charting tools.
What sets MEXC apart, however, is its high liquidity, lowest fees, and a very wide selection of over 1,520 coins (more than 2,110 pairs) not available on many other platforms, with all these tools available and leverage up to x125.
Moreover, MEXC does not require KYC verification up to a very generous limit, with a daily withdrawal limit of 20 BTC or the equivalent, while competitors generally allow only 2-10 BTC.
Pros:
✅ High Liquidity
✅ Lowest Transaction Fees
✅ Wide Range of Assets
✅ Leveraged Trading Options
✅ No KYC
Cons:
❌ Not available in the U.S. (alternative solution: need to order a Palau identity card)
ByBit
Legal Name: Bybit Fintech Limited
24h futures trading volume: $20B
Proof of Reserves: $10B
Maker Fee: 0.02%
Taker Fee: 0.055%
TOTAL: 0.075%
Now let’s move on to advanced platforms for crypto scalpers, namely Bybit. You can see a detailed review here.
Bybit like other platforms offers extensive features and indicators such as limit, market, post-only, trailing stop, and trigger orders, using Moving Averages, RSI, Bollinger Bands, but also Good-till-Canceled (GTC), Immediate-or-Canceled (IOC), and fill-or-kill (FOK). Meanwhile, the platform provides ample opportunities for automated bot trading via APIs and creating your own trading bots.
More importantly, Bybit can be rightly called one of the fastest crypto scalping platforms, as they are known for their high-frequency trading engine, capable of handling up to 100,000 transactions per second.
If you need a reliable, fast, and professional platform for crypto scalping and slightly higher fees than MEXC don’t scare you, then Bybit can definitely be a great choice.
Pros:
✅ Competitive Fees
✅ Feature Rich
✅ Very Fast and Reliable
Cons:
❌ Not available in the USA (alternative solution: need to order a Palau identity card)
❌ KYC is mandatory to trade
WEEX
Legal Name: Weex.inc
24h futures trading volume: $25B
Proof of Reserves: $75M
Maker Fee: 0.02%
Taker Fee: 0.06%
TOTAL: 0.08%
Another crypto platform that seems to be trying to take the best from the previous two, is WEEX. This too can be called one of the most favorable platforms for crypto scalping, as although its fees are generally 0.02% and 0.06% for maker and taker respectively, you can have 0% maker and low 0.03% taker fees for futures.
Here you also have access to key features for crypto scalping limit, market, post-only, trailing stop, and trigger orders using Moving Averages, RSI, and Bollinger Bands for futures 462 pairs.
But a very important factor is that in addition to technical security, WEEX pays a lot of attention to regulatory security and is therefore deservedly proud of its licenses for financial activities in jurisdictions such as the USA and Canada.
If you are a citizen of these countries and it is important for you to operate within their jurisdictions, and giants like Coinbase or Binance are not suitable for your crypto scalping, then WEEX definitely deserves your attention.
Pros:
✅ Competitive Fees
✅ Available in the USA & Canada
✅ Licensed & Regulated
✅ KYC Is Not Mandatory But Recommended
Cons:
❌ Limited Coins Selection
❌ Many Features During Development
BloFin
Legal Name: BLF Global Limited
24h futures trading volume: $920M
Maker Fee: 0.02%
Taker Fee: 0.06%
TOTAL: 0.08%
Last but not least, one of the best crypto platforms for crypto scalping is BloFin. It also offers competitive fees, but they can be further reduced to 0.1% or less if you go through VIP levels.
At the same time, you have access to a very wide functionality for orders, indicators, and automated trading for crypto scalping, comparable in many ways to Bybit, but in this case, it is available for US citizens, as the platform has many licenses even to work in strict jurisdictions.
What else matters separately is that BloFin can be considered one of the most secure crypto platforms for scalping, as it boasts multiple security measures and partners like Fireblocks for custody and AnChain.AI for security analytics.
Pros:
✅ Available in the USA + Canada
✅ Non-KYC
✅ Feature Rich and Secure
Cons:
❌ Relatively young platform
❌ Does have proof of reserves for each individual user
Conclusion
In 2024, the best exchanges for scalping crypto offer traders unique opportunities to maximize profits, making it possible to make money from crypto without necessarily making big moves.
Each of these platforms will suit you depending on your priorities and trading style, for example, MEXC stands out for its low commissions and high liquidity, Bybit for its fast trading system and multiple trading tools, WEEX for its regulatory licenses and access to the US and Canada, and BloFin for its high level of security and variety of features.
Choose platforms carefully, based on your individual priorities, and check out their detailed reviews on our website.
