If you are wondering where to find cryptos to day trade, here’s a list of the best cryptos to day trade in 2022
No matter if you’re a seasoned investor or merely a beginner, trading cryptocurrencies can make you a lot of money. The crypto markets have been growing extremely quickly in the past few years, with new currencies and digital wallets becoming available all the time.
What was originally a small market reserved for the few, grew further than anyone could have predicted. Today, crypto trading made its way into every social circle. Entrepreneurs, celebrities, professionals, and amateurs from all over the globe can access and trade cryptocurrencies at any time. However, with so many crypto’s and markets available, many people wonder where to find the best cryptos to day trade. Well, if that’s what you want to know, you came to the right place. Stay with us and let’s see what are the best cryptos to day trade in 2022. If you want to be well informed, make sure you read 5 best stock trading apps 2022 with low fees article.
The Best Cryptos To Day Trade In 2022
Here’s a list of the best cryptos to day trade in 2022. You can find more details about each option below.
1. Lucky Block – The best crypto today trade
2. Tether – Largest trading volume
3. Ethereum – Second most popular crypto
4. Binance Coin – The best Stablecoin
5. Ripple – Fast-growing affordable crypto
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Crypto Day Trading In More Detail
You must have heard about day trading at some point. This type of trading is the process of predicting future cryptocurrency prices within a single day or less. Crypto trading became hugely popular during the recent pandemic, and the number of traders increased multiple times. Investors and traders started day trading cryptos because of the nature of the market, which is known to be highly volatile, unstable, yet available.
Short-term price movement forecasting became a popular method of trading cryptocurrencies, and some traders were able to make a fortune in less than 24 hours. So, if you want to know what are the best cryptos to day trade, and where to find them, you’re in for a treat.
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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Why are these the best cryptocurrencies to invest in 2022? Keep reading to understand why you should be monitoring these seven closely in the upcoming year.
Lucky Block – The Best Crypto To Day Trade
Lucky Block is one of the newest cryptocurrencies and it brings something completely new to the table. Unlike most other cryptos, this one is based on lottery games, and it’s quickly becoming available on worldwide markets. It also turned out to be one of the best cryptos to day trade because it’s constantly increasing in value.
The cryptocurrency is designed to provide users with complete transparency. The lottery is completely decentralized, ensuring that all members have the same chances of winning. When it was first released, one Lucky Block token was priced at $0.00021. However, the price spiked to $0.003 within a few days of release, allowing early investors to gain a huge return of over 1,000%! With a growing community and a constant increase in price, Lucky Block is the closest to a sure bet.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Tether – Largest Trading Volume
Tether or USDT is considered to be one of the best cryptos to day trade as one token is worth $1. However, there are many different reasons why this crypto became so popular. First, Tether has one of the highest daily trading volumes. That alone makes it a perfect choice for day trading. A high day trading volume attracts new investors, which increases its price.
Even though Tether has a stable price of $1, there were some instances where the price dipped below a dollar. With that said, Tether is one of the most stable coins you can get, with little or no fluctuations in pricing. You will have to follow its price closely to make a profit, but at least you don’t have to worry about losing your entire investment overnight.
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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Ethereum – Second Most Popular Crypto
Ethereum is the second most popular cryptocurrency in the world, right after Bitcoin. Apart from being a cryptocurrency, Ethereum doubles as a blockchain platform that allows the creation of new, decentralized tokens. As such, this cryptocurrency became somewhat of a gold standard on the market.
Ethereum’s value keeps increasing over the years, even though it experienced some price drops as well. Its value didn’t grow much until August of 2020 when it practically exploded and grew from around $230 to a maximum of $4,426 in a little over a year. It’s still highly volatile, which makes it the perfect choice for day trading. You just have to know where to find the best cryptos to day trade.
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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Binance Coin – The Best Stablecoin
Binance Coin or BUSD is a native coin for Binance Exchange, the largest cryptocurrency exchange market there is. The coin also became what’s known as a Stablecoin, or in other words, a digital currency backed by the US dollar. It became the fourth largest digital currency in the world, so it gained a lot of value over the past few years.
More and more traders use the Binance Coin to transfer value from one crypto to another, creating a higher demand that keeps pushing the price ever higher. All of that makes it one of the best cryptos to day trade with a large profit margin.
>>> Find Best Cryptos on eToro<<<
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Ripple – Fast-Growing Affordable Crypto
Ripple is another popular cryptocurrency, but unlike the other ones on our list, it became popular because it is faster than Bitcoin and it takes less energy to produce. It might be the ideal starting point for new traders because it’s much more affordable than all other options on our list. It is widely used to boost transaction processing times and create a strong cross-border partnership. Again, its rising popularity among traders everywhere keeps increasing its value, giving you the chance to make some serious cash along the way.
>>> Find Best Cryptos on eToro<<<
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Where to Find Best Cryptos to Day Trade
Now that you know what are the best cryptos to day trade, you also have to know where to start your crypto trading career. You probably ran into dozens of platforms claiming how they are the best ones on the market, but the reality is very different. There are only a few trusted cryptocurrency markets, while most others are either scams or they come with incredibly high transfer fees. Below you will find our top three crypto exchanges where you can day trade your cryptos.
1. eToro – The best overall crypto exchange
2. Binance – The largest crypto exchange
3. Coinbase – Low commission crypto exchange
eToro – The Best Overall Crypto Exchange
eToro is one of the largest and most trusted cryptocurrency exchanges at the moment. It’s got over 23 million active users and offers over 250 different crypto assets you can trade. All of the cryptos on our list are available on this platform, plus many other popular and less popular options as well. The site is fully regulated by multiple governments and authorities including the CySEC, FCA, and ASIC.
There are many reasons why people use eToro to trade cryptocurrencies, including no commission fees, multiple payment options such as PayPal, Skrill, bank transfers, etc. Apart from over 250 available cryptocurrencies, eToro also provides access to additional markets and over 2,400 stocks. It’s an excellent choice for beginners as well as experienced online traders.
>>> Find Best Cryptos on eToro<<<
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Binance – The Largest Crypto Exchange
If you’re looking to trade popular cryptos on a safe platform, Binance is definitely a good choice. It’s the largest crypto exchange to date, and it keeps growing every day. The exchange offers access to hundreds of cryptocurrencies you can trade, as well as other options such as buy and sell on spot and future market forecasting. The site also offers crypto trading tutorials and other useful information that can help you get started.
With that said, the site has that classic trading platform look, so it might be a little overwhelming for beginners. You can also expect to pay some reasonable fees for money transfers, but at least you’ll know that your cash is 100% safe from potential cyberattacks.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Coinbase – Low Commission Crypto Exchange
Coinbase is another crypto exchange where you can find the best cryptos to day trade. It’s also extremely user-friendly, so it’s an excellent place to start a career as a crypto trader. Like other popular platforms, it comes with a dedicated app that allows you to stay on top of your game at all times.
Once you create an account, you can make your first deposit using any of the available options. However, if you want to save money on fees, place the deposit using a bank transfer. The standard commission is 1.49%, but at least you’ll get access to useful educational resources and other information.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How To Buy The Best Cryptos To Day Trade on eToro
When you’re finally ready to take your first steps as a crypto trader, you can create an account on eToro and get started right away. Here is a step by step process on how to do that:
Create an account – Open your browser and navigate to the eToro website. Hit the “Join Now” button in the top right corner and complete the account creation process by entering all of the right information.
Deposit funds – Once your account is active, you can deposit your first funds. The minimal deposit is $10 or £7.73, and you can use any available transfer option including bank transfer, credit/debit card, and e-wallet.
Select the crypto you want to trade – You can now use the money you’ve deposited to purchase any available coins. If you’re looking to make money on day trading, do some research first and follow the price closely to spot the best time to sell.
Buy it – Buy the cryptos of your choice and start making some money!
The Best Cryptos to Day Trade – Conclusion
As you can see, there are plenty of options if you’re wondering where to find the best cryptos to day trade. If you want to make it big, you’ll have to keep a close eye on cryptocurrency prices and how they respond to market changes. We recommend that you start your crypto trading journey on eToro, as it’s one of the easiest platforms to pick up. It’s also safe and fully regulated, so you don’t have to worry about losing your investments.
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