Best bitcoin exchange Hong Kong 2021
Cryptocurrencies are becoming increasingly popular and more and more people want to invest in this sector. As a result, new services are constantly emerging that offer the possibility to buy them or exchange them for fiat currencies. A cryptocurrency exchange is a place where a user can buy and sell digital currencies online. In addition to trading cryptocurrencies, cryptocurrency exchanges also offer the ability to store coins in personal wallets. These websites work in the same way as currency, commodity and stock exchanges - prices are determined by the market, based on the principle of supply and demand for each token. We provide you with a list of the largest cryptocurrency exchanges.
Hong Kong is one of the most important jurisdictions in the cryptocurrency industry - a large number of companies are based there, including exchanges, OTC platforms and brokers. They are currently regulated by the Local Currency Board and the Hong Kong Securities and Futures Commission (SFC).
The platform was founded in 2012 in San Francisco, USA. Coinbase offers two types of services through its two divisions: buying cryptocurrencies through the Coinbase Crypto Exchange service (which includes a cryptocurrency wallet) and trading through the Coinbase Pro Crypto Exchange service. It offers a simple coin exchange mechanism and supports the most popular payment methods, such as credit cards, bank transfers, and even PayPal. During its existence, the company has served about 30 million customers and generated $150 billion in revenue. One of the company's products - Coinbase PRO - is the leading cryptocurrency exchange in terms of trading volume. Since 2018, Coinbase has been authorized by the UK Financial Conduct Authority (FCA) as a financial services company. Currently, the platform serves over 10 million customers.
|Cryptocurrencies||23 types of digital coins, including Bitcoin (BTC); Ethereum (ETH); Ripple (XRP); Litecoin (LTC); Bitcoin Cash (BCH); EOS (EOS); Stellar Lumens (XLM); Cosmos (Atom); Dash (DASH); Chainlink (LINK).|
|Fee commissions||For all transactions under $200, the following fees will be charged:$0.99 - for transactions under $10.00;$1.49 - for transactions between $10.00 and $25.00;$1.99 - for transactions between $25.00 and $50.00;$2.99 - for transactions between $50.00 and $200.00.For transactions over $200.00, a fixed interest rate will be charged. The amount depends on the payment method.|
|Portfolio||Free on mobile and online. The advantage of this wallet is that transactions can be made outside the blockchain.|
|Payment method||You can make deposits and withdrawals by credit card, bank transfer and a number of payment systems. SEPA transfers are available for EU citizens;|
|Security||Two-factor authentication; All website traffic is encrypted using SSL cryptographic protocol; All wallet keys are protected with AES-256 encryption; Only 2% of clients' cryptocurrency funds are stored online and are insured in case of loss;|
|Application mobile||Mobile applications for Android and iOS.|
The exchange was founded in 2012 and now serves over 12 million traders. From 2018 to 2020, Binance is the undisputed leader among the world's leading cryptocurrency exchanges in terms of trading volume and number of users. Its trading volume exceeds $40 billion. Coinbase is accessible to traders from 32 different countries, mainly from Europe and North America. There are 740 different crypto and fiat pairs available for trading on the platform. One of the best features of the site is that new coins are added almost every week. This news is constantly posted on the company's official Twitter account. Sometimes, users are even asked to vote for a coin that will appear on the exchange. Binance's popularity is also influenced by its high processing speed of almost 1.5 million orders per second.
|Cryptocurrencies||740 different crypto and fiat pairs, including BNB's own token;|
|Fee commissions||Binance offers competitive transaction fees (commissions): 0.1% on each side of the transaction or 0.075% if you use your Binance tokens (BNB);|
|Portfolio||Application mobile trust wallet ;|
|Payment method||Bank transfer, debit/credit cards, various P2P payment channels;|
|Security||The exchange has launched the CryptoSafe Alliance (CSA). This initiative brings together exchanges, blockchain protocols, cybersecurity experts, and regulatory compliance firms. It is the first comprehensive tool to monitor and protect against threats in a decentralized data exchange environment.|
|Application mobile||A free application is available in the Google Play Store or the App Store.|
The platform was registered in the US in 2011 as Payward, Inc. and is headquartered in San Francisco. To date, the exchange has offices in several cities around the world, including London, Chiyoda (Japan), and Singapore. Kraken has developed the Cryptowatch trading terminal, which provides real-time cryptocurrency market data, charts, and trading services for more than 25 cryptocurrency exchanges. The service has already gained 4 million customers in two hundred countries. In general, Kraken focuses on traders trading the major cryptocurrencies.
|Cryptocurrencies||8 tokens are available for exchange;|
|Fee commissions||For transactions of less than 50,000 units of a given currency, a commission of 0.16% for the seller and 0.26% for the buyer applies; for amounts above 50,000 units, the commissions are reduced to 0.14% and 0.24%, respectively;|
|Portfolio||No cryptocurrency wallets are offered on the website;|
|Payment method||Cryptocurrency wallets and money transfers via bank transfer. Deposits/withdrawals by credit card are not possible;|
|Security||It offers users two-factor authentication (2FA), PGP encryption, and a global settings lock that prevents account changes within a certain time frame;|
|Application mobile||The trading applications Kraken Pro and Kraken Futures.|
This cryptocurrency was launched in New York in 2015. It started its operation as a simple Internet exchange. But the service quickly became popular and the following year its functionality was expanded to the level of a full-fledged exchange. Bittrex's trading platform has a variety of financial, trading and analytical tools for successful trading. In June, its trading volume exceeded $51 million. It allows its clients to work with a very large number of trading pairs. Bittrex offers reliable storage of user funds, as almost all funds are stored in cold wallets. It is probably one of the most secure platforms for trading cryptocurrencies, as it was founded by cybersecurity experts. The platform supports five core markets: dollar, euro, BTC, ETH and USDT (Tether ERC-20); various ERC-20 tokens and many other independent coins.
|Cryptocurrencies||There are over 250 transaction pairs available;|
|Fee commissions||Funding your Euro account can be done via: a SEPA bank transfer; an international bank transfer; a bank card. Withdrawal of cash to a bank account can be done via an international bank transfer, and for Euro a SEPA bank transfer is provided.Withdrawal fees depend on the selected cryptocurrency: in Bitcoin they are 0.0005 BTC, in Ethereum - 0.00600000 ETH. The website charges a fixed transaction fee of 0.25% of the total order value;|
|Portfolio||No wallet for cryptocurrencies;|
|Payment method||Bank transfers, credit/debit cards;|
|Security||Two-factor authentication (2FA); IP verification requiring email confirmation of new IP address entry; IP whitelists; cold storage for 80-90% of assets;|
|Application mobile||There are two applications for Android and iOS respectively: Bittrex Global and Bittrex.|
BitMEX was founded in 2014. The website has proven to be a stable source that offers maximum opportunities for profitable trading of digital currencies. All withdrawals and additions can only be made in BTC, and users must convert altcoins into bitcoins. Currently, the Bitmex exchange is the leader with an average trading volume of $2-4 billion per day. The exchange has its own insurance fund that currently manages over 31,000 bitcoins. It is used to cover liquidated positions on the platform. Due to the ability to trade on margin with 100 times leverage in a highly volatile cryptocurrency market, many traders compare trading on the exchange to gambling. Last month, the platform introduced mandatory verification of all account holders, which is expected to be completed by February 2021.
|Cryptocurrencies||55 Exchange pairs;|
|Fee commissions||BitMEX does not charge any fees for deposits or withdrawals. When withdrawing BTC, a minimum commission is charged by Bitcoin Network. Trading commissions for takers are 0.075% of the total order value, while makers receive an additional 0.025% for each transaction;|
|Portfolio||Crypto BitMEX wallet;|
|Payment method||Apart from cryptocurrencies, BitMEX does not accept any other deposits;|
|Security||Funds stored in cold wallets; two-factor authentication; registration via SMS; wallets with multiple signatures for transactions; email communications encrypted with PGP encryption;|
|Application mobile||BitMEX Mobile will be launched in September 2020.|
The adoption of cryptocurrencies continues to penetrate every corner of the globe, and today the market capitalization of cryptocurrencies worldwide is $351.24 billion.
This cryptocurrency exchange was founded in Hong Kong in 2012. It is known for its collaboration with the Tether (USDT) project. The platform offers its users exchange services, margin trading and supports all major coin and token types. The project is designed for professional traders and large investors and proves it by offering a wide range of reputable financial instruments. On Bitfinex you can apply short strategies and try to invest for the long term.
|Cryptocurrencies||More than 140 pieces and 300 pairs of exchange;|
|Fee commissions||No additional payment for deposits and withdrawals in digital currencies. When depositing USD, you need to pay a commission of 0.1%, but not less than $20;The minimum fee for fiat money withdrawal is $60;With the minimum currency turnover per month, the trading fee is 0.1% for the creator and 0.2% for the taker;|
|Portfolio||You can choose between three wallets - Exchange Wallet, Margin Wallet and Finance Wallet;|
|Payment method||In addition to cryptocurrencies, you can also use the card to make bank transfers and cash withdrawals.|
|Security||Only 0.5% of crypto assets are held online to enable daily transactions. The rest of the coins are held in cold wallets that are inaccessible to hackers. Deploying these wallets requires manual approval from multiple members of the management team;|
LocalBitcoins was founded in Finland in 2012. The goal of the project was to create a secure platform for trading cryptocurrencies. The website is actively used in more than 240 countries around the world. Here you can exchange Bitcoins for any officially existing fiat currency in the world. Users place orders to buy and sell Bitcoins by specifying the exchange rate, payment method, and minimum and maximum transaction amounts. Other users select the desired bids and confirm the transaction.
|Fee commissions||The service does not charge commission to the buyer. For sellers there is a fixed commission of 1% on each sale.|
|Payment method||Bank transfers, bank cards, electronic systems ;|
|Security||The security of the transaction is ensured by the escrow method, which has proven to be very effective; user accounts are protected by two-factor authentication.|
It is a US cryptocurrency exchange that was launched in 2014. Apart from traditional cash trading, the source also offers margin trading as well as options for those who want to borrow their money. In 2018, the company was acquired by Circle Internet Financial Limited. And after that, the service introduced a mandatory verification procedure in accordance with KYC requirements. Currently, the daily trading volume is over $13 million and users can trade over 100 currency pairs. The largest percentage of the audience is interested in trading and currency options. Advanced analytics (cryptocurrency rates for the last day, trading history) create an environment for efficient trading.
|Fee commissions||All deposits are possible without additional fees; withdrawal fees are fixed and depend on the type of cryptocurrency; trading commissions range from 0 to 0.25%; acquirer's commission ranges from 0% to 0.15%; taker's commission ranges from 0.1% to 0.25%; the higher the volume of transactions in a month, the lower the commission for all transactions made thereafter;|
|Payment method||Topping up an account with a bank card or withdrawing a card is not possible for users from some countries;|
|Security||The administration strongly recommends that you provide your account with two-factor authentication;|
|Application mobile||Available on|
This young exchange was founded in 2017. Nevertheless, it has already proven to be one of the most reliable trading platforms in the world of cryptocurrencies and blockchain. The exchange offers one of the largest selections of trading pairs in the world and allows its clients to trade over 450 trading pairs. KuCoin is very popular for new cryptocurrencies that have just gone through an ICO. The exchange has its own token - KuCoin Shares (KCS). Holders of the KCS token receive trading discounts.
|Cryptocurrencies||More than 200 pieces and over 450 pairs of exchanges;|
|Fee commissions||All deposits are free of charge on the website and a flat fee is charged for withdrawals. KuCoin offers a fixed trading fee of 0.10%, which is below the industry average;|
|Portfolio||Courtyard Crypto Wallet;|
|Payment method||A variety of payment methods supported by fiat P2P services;|
|Security||The exchange allows you to set up two-factor authentication via Google Authenticator;|
|Application mobile||Available on.|
Cold storage in the strict sense is the transfer of bitcoins to addresses with a private key that can never be compromised (disclosed). In its simplest form, it involves keys acquired on a computer without a network connection.
It is an Austrian startup company founded in 2014. It has powerful API applications, powerful servers, and a fully automated real-time ordering system. Today, the company serves more than 1.2 million customers, but hopes to expand its customer base through investment. The company has a European PSD2 license, the source is equipped with modern security methods and means to protect the account from access by hackers. The exchange has its own Bitpanda ecosystem token (BEST), the holders of which can get a 25% discount on transactions.
|Cryptocurrencies||Bitcoin, Ethereum and 30+ active digital currencies;|
|Fee commissions||The trading fee for this service depends on the type of currency and the type of transaction. When buying bitcoins you pay 1.49%, when selling - 1.29%;The commission for loading and withdrawal is fixed for each currency and is deducted from the account;|
|Payment method||You can make a deposit by bank transfer, credit card or electronic payment system;|
|Security||Bitpanda refers to systems that independently manage the user's wallet keys and offers the following security measures: cold storage of funds; session control. Each login attempt from a new device requires confirmation with two-factor authentication; authentication and validation via email;|
The service started its work in 2013 and since then it offers the possibility to buy the two most popular fiat currencies with a bank card. Coinmama is not an exchange in the usual sense. You can only buy foreign currencies here. The platform doesn't even have a built-in wallet and the purchased funds are transferred to the address provided by the user. Currently, the service has 2.3 million users in 188 countries.
|Cryptocurrencies||This platform allows you to use Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos in EOS;|
|Fee commissions||There is a 5% service fee when using credit or debit cards, and the platform charges 3.90% for buying coins and 0.9% for selling them;|
|Payment method||Credit/debit cards and bank transfers; supports SEPA and SWIFT payments;|
|Security||Coinmama is a reputable company with a secure website that uses Trust Guard and Comodo technologies. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal data;|
This cryptocurrency exchange is a joint project of European and Israeli entrepreneurs founded in 2013. The platform is open to traders from all over the world, regardless of their country of residence. The website's interface is simple and easy to use, as the service is intended for all traders, regardless of their professional level. A potential client can try demo trading and use the analytical tools to better understand the cryptocurrency market. HitBTC supports trading in a wide range of cryptocurrencies and works with fiat money, offering a profitable exchange rate for GBP, USD, EUR. The website supports SEPA and SWIFT payments. HitBTC uses various advertising methods to attract traders, including active advertising on social networks.
|Cryptocurrencies||800 currency pairs are traded on the platform today;|
|Fee commissions||No commission for deposits and a fixed commission for withdrawals, depending on the currency; HitBTC uses a tiered system to calculate trading fees. The more transactions a user makes, the lower the commission;|
|Portfolio||No wallet for cryptocurrencies;|
|Payment method||The HitBTC exchange can be topped up with digital currency only;|
|Security||The platform offers 2-factor authentication, high-end encryption technology and cold storage of funds;|
Paxful is an international P2P marketplace for buying and selling Bitcoins, founded in 2014 by Estonian and American entrepreneurs. The main goal of Paxful is to create a transparent and secure platform where anyone can buy bitcoins quickly. Paxful does not sell cryptocurrencies itself, the site has taken the role of an intermediary between buyers and sellers. The exchange is actively involved in social projects such as building schools in Africa.
|Cryptocurrencies||Bitcoin und Tether;|
|Fee commissions||Commissions are charged for the sale of cryptocurrencies: 0.5% for bank transfers; 1% for debit cards and electronic payments; 3-5% for gift cards; no commission is charged for the purchase of cryptocurrencies; Paxful charges a transfer fee for sending money to an external wallet.0 - 9.99 = 0.0001 BTC 10 - $19.99 = 0.0002 BTC Over $20 = 0.0005 BTC;|
|Portfolio||The Paxful Wallet app makes it easy to store and manage coins with your mobile cryptocurrency wallet;|
|Payment method||Over 300 ways to buy coins including bank transfer, credit and debit cards, PayPal, Western Union and even Amazon, iTunes or Steam gift cards;|
|Security||The security of the system is ensured by two-factor authentication, deposit and mandatory verification procedure when processing large amounts.|
|Application mobile||Paxful Wallet for Android and iOS.|
When choosing an exchange, you should carefully check the terms of registration and withdrawal of funds. It is important to read user reviews and check whether the exchange has been involved in fraudulent transactions or has been the victim of hacker attacks. You should also make sure that the exchange has a high trading volume. And always remember that the exchange is not a safe place to store cryptocurrencies. It is highly recommended to choose resources that have cold wallet and reliable security methods.