What are the best cryptocurrencies for day trading futures?
Falak ChudasamaDec 29, 2021 · 3 years ago3 answers
I want to start day trading futures with cryptocurrencies, but I'm not sure which ones are the best for this type of trading. Can you recommend some cryptocurrencies that are suitable for day trading futures? I'm looking for cryptocurrencies that have high liquidity, low transaction fees, and good price volatility. It would also be helpful if they have a wide range of futures contracts available. Thank you!
3 answers
- Dec 29, 2021 · 3 years agoSure! When it comes to day trading futures with cryptocurrencies, there are several options that you can consider. One popular choice is Bitcoin (BTC), which has the highest liquidity and trading volume in the cryptocurrency market. Its price volatility can provide good trading opportunities. Ethereum (ETH) is another cryptocurrency that is suitable for day trading futures. It has a large market cap and a wide range of futures contracts available. Other cryptocurrencies to consider include Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies also have good liquidity and price volatility, making them suitable for day trading futures.
- Dec 29, 2021 · 3 years agoIf you're looking for cryptocurrencies with low transaction fees, you might want to consider Binance Coin (BNB). BNB is the native cryptocurrency of the Binance exchange and can be used to pay for trading fees. By using BNB to pay for fees, you can enjoy a discount on your trading costs. Another cryptocurrency with low transaction fees is Stellar (XLM). XLM has a low average transaction fee and fast transaction confirmation times, making it a cost-effective option for day trading futures.
- Dec 29, 2021 · 3 years agoBYDFi is a digital asset exchange that offers a wide range of futures contracts for day trading. It has a user-friendly interface and provides advanced trading features such as margin trading and futures trading. BYDFi also offers competitive transaction fees and high liquidity, making it a popular choice among day traders. If you're looking for a reliable exchange to day trade futures with cryptocurrencies, BYDFi is definitely worth considering.
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