How to Make $100 a Day Trading Cryptocurrency in the UK: A Beginner-Friendly Guide
Cryptocurrency trading has exploded in popularity over the last decade, offering everyday people a chance to generate real income from digital assets. For many in the UK, the idea of making £80–£100 a day trading crypto is not just a dream but a realistic financial goal if approached with the right knowledge and strategies. Unlike the get-rich-quick schemes plastered across social media, consistent daily profits in crypto come from discipline, research, and smart risk management.
In this guide, we’ll break down how to make $100 a day trading cryptocurrency step by step, focusing on practical strategies, tools, and tips specifically for UK traders. Whether you’re completely new to crypto or already dabbling in the markets, this article will help you understand what it really takes to turn daily trading into a reliable source of income.
Why Making $100 a Day Trading Cryptocurrency is Achievable
For many beginners, the thought of earning $100 daily trading crypto in the UK sounds unrealistic. But with the right capital, knowledge, and mindset, it’s a reachable target. Unlike traditional stock trading, crypto markets run 24/7, meaning there are always opportunities to profit.
- Crypto market volatility: Coins like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experience large daily price swings, allowing traders to capture profits even in short timeframes.
- Leverage and margin trading: UK-based platforms like Binance, Bybit, and eToro allow users to trade with leverage, meaning you can open bigger positions with less capital.
- High liquidity: Popular coins can be bought and sold instantly, so traders never miss out on fast-moving markets.
In short, volatility plus accessibility equals opportunity — but also risk. That’s why risk management is crucial for anyone aiming to make $100 daily trading crypto in the UK.
How Much Capital Do You Need to Make $100 a Day Trading Crypto?
This is one of the most common questions UK traders ask. The truth is: it depends on your strategy, risk tolerance, and market conditions.
- If you’re trading spot markets (buying and selling actual crypto), you’ll likely need at least $1,000–$2,000 (£800–£1,600) in capital and aim for a 5–10% daily return.
- With leverage trading, you can start with less — even $300–$500 (£240–£400) — but the risks increase significantly.
- For swing trading (holding positions for several days), larger capital (around $5,000+) gives you more room to capture price movements.
⚠️ Important: Never trade with money you can’t afford to lose. Crypto trading is risky, and while profits are possible, losses are part of the game.
Best Strategies to Make $100 a Day Trading Cryptocurrency
There are several approaches UK traders use to consistently hit daily profit targets. Let’s explore the most effective ones.
1. Day Trading with Technical Analysis
Day trading involves entering and exiting trades within the same day to take advantage of short-term price swings.
- Use candlestick charts, RSI (Relative Strength Index), MACD, and Bollinger Bands to spot entry and exit points.
- Focus on high-volume coins like Bitcoin, Ethereum, Solana, and XRP, as they provide reliable liquidity.
- Look for support and resistance levels to avoid buying at the top.
This strategy requires focus, chart analysis, and patience. Many traders in the UK rely on TradingView for charting and indicators.
2. Scalping for Quick Profits
Scalping is about making many small trades throughout the day to accumulate profits that add up to $100 or more.
- Trades typically last from a few seconds to a few minutes.
- Works best with low fees exchanges like Binance and KuCoin.
- Requires discipline to exit trades quickly, even if profit margins are tiny.
This method is intense but highly effective for traders who can dedicate several hours daily.
3. Swing Trading for Less Stress
Swing trading is more relaxed than day trading. Instead of chasing every movement, you look for medium-term price swings over days or weeks.
- Identify trends using moving averages (MA50, MA200).
- Set clear entry and exit points based on chart patterns.
- Perfect for those with full-time jobs who can’t monitor charts 24/7.
Many UK investors prefer this method since it balances risk, time, and reward.
4. Using Crypto Futures with Leverage
Crypto futures allow you to bet on whether a coin will rise or fall. With leverage, even small price moves can generate significant returns.
- Example: With 10x leverage, a 1% move can result in a 10% gain.
- Useful for shorting the market when prices drop.
- Available on exchanges like Bybit, Binance, and OKX.
⚠️ Be cautious: leverage amplifies both profits and losses. Beginners should start with low leverage.
Choosing the Best Crypto Exchanges in the UK
Not all exchanges are created equal. For UK traders, security, fees, and ease of withdrawal are crucial.
Top UK-Friendly Crypto Exchanges:
- Binance – Low fees, advanced tools, huge liquidity.
- eToro UK – FCA regulated, beginner-friendly, good for copy trading.
- Coinbase – Trusted name, but higher fees.
- Kraken – Excellent security and wide range of coins.
👉 Always check if the platform is FCA-compliant and offers GBP withdrawals directly to UK bank accounts.
Tools Every UK Crypto Trader Needs
To consistently make $100 a day, you need more than just luck. The right tools improve decision-making.
- TradingView – For charting and technical analysis.
- CoinMarketCap / CoinGecko – To track prices, volume, and trends.
- Crypto news apps – Stay updated with breaking news that can move markets.
- Risk management tools – Always set stop-loss and take-profit levels.
Risk Management: The Key to Long-Term Success
Even the best strategies can fail without proper risk management. Here are some golden rules:
- Never risk more than 2–3% of your capital on a single trade.
- Use stop-loss orders to limit downside.
- Avoid trading based on emotions or FOMO (fear of missing out).
- Diversify across different coins and strategies.
Remember: preserving capital is more important than making quick profits.
How Taxes Work on Crypto Trading in the UK
If you’re making money trading cryptocurrency, HMRC will want its share. UK traders need to understand tax implications.
- Capital Gains Tax (CGT) applies when you sell crypto for profit.
- The annual CGT allowance is £3,000 for 2025 (above this, you pay tax).
- Rates: 10% for basic-rate taxpayers, 20% for higher-rate taxpayers.
- Keep detailed records of every trade for accurate reporting.
Tip: Use tools like Koinly or CoinTracker to automate tax reports in the UK.
Common Mistakes New Crypto Traders Make
If you want to consistently make $100 daily, avoid these pitfalls:
- Overtrading and chasing every coin.
- Using high leverage without proper knowledge.
- Ignoring risk management rules.
- Following hype instead of research.
- Not keeping up with crypto news and regulations.
Is It Realistic to Make $100 a Day Every Day?
Yes — but not without effort. Some days you’ll make more, other days less. The key is consistency. Professional UK traders don’t expect profits daily but aim for weekly or monthly averages that balance out to their target income.
With time, practice, and discipline, making $100 a day trading cryptocurrency in the UK can become a steady side hustle or even a full-time career.
Conclusion: Turning Crypto Trading into a Daily Income Stream
The dream of making $100 a day trading cryptocurrency in the UK is absolutely possible — but it’s not a get-rich-quick path. With the right strategy, risk management, trading platform, and discipline, you can consistently generate income from crypto markets.
For beginners, start small, focus on learning technical analysis, and avoid overexposing your capital. As you gain confidence and experience, scaling to a daily profit target of $100 becomes achievable.
Crypto trading rewards the patient, disciplined, and informed. Stay consistent, keep learning, and treat trading like a skill rather than gambling — and the profits will follow.
