Best cryptocurrency exchange Hong Kong 2021
          

Cryptocurrency continues to grow in popularity and more and more people want to invest in this industry. As a result, new sites are constantly popping up that offer the ability to buy them for fiat currency or exchange them. A cryptocurrency exchange is a place where users 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 sites work just like currency exchanges, commodity exchanges, and stock exchanges - prices are set by the market based on the supply/demand principle 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 very large number of companies are based here, including exchanges, OTC platforms and brokers. Their activities are currently supervised by the local Monetary Authority and the Hong Kong Securities and Futures Commission (SFC).

 Coinbase

The platform was launched in 2012 in San Francisco, USA. Coinbase through its two divisions offers two types of services: buying cryptocurrencies on the Coinbase cryptocurrency exchange service (which includes a cryptocurrency wallet) and trading on the Coinbase Pro cryptocurrency exchange. It offers a simple coin exchange mechanism and supports popular payment methods such as bank cards, wire transfers, and even PayPal. Since its inception, it has served around 30 million customers and achieved a turnover of $150 billion. One of its products, Coinbase PRO, is the largest cryptocurrency exchange by trading volume. Since 2018, Coinbase has been authorized by the UK's Financial Conduct Authority (FCA) to operate as a financial services organization. The platform currently serves over 10 million customers.

Coinbase
Cryptocurrencies 23 types of digital currencies, including Bitcoin (BTC); Ethereum (ETH); Ripple (XRP); Litecoin (LTC); Bitcoin Cash (BCH); EOS (EOS); Stellar Lumens (XLM); Cosmos (Atom); Dash (DASH); Chainlink (LINK)
Fees and expenses All transactions under $200 are subject to the following fees: $0.99 for transactions under $10;$1.49 for transactions $10 to $25;$1.99 for transactions $25 to $50;$2.99 for transactions $50 to $200.Transactions over $200 are subject to a fixed interest rate. It depends on your payment method.
Portfel  Free mobile and online. The advantage of this wallet is that transactions can be made outside the blockchain.
Method of payment Money can be deposited and withdrawn by debit card, bank transfer and many payment systems. SEPA credit transfers are available to EU residents;
Security Two-factor authentication; All website traffic is encrypted with SSL cryptography; All wallet keys are secured with AES-256 encryption; Only 2% of customers' cryptocurrency funds are stored online and are insured against loss;
Mobile application Mobile apps for Android and iOS;

 Binance

The exchange was founded in 2012 and today serves more than 12 million traders. From 2018 to 2020, Binance is the undisputed leader in terms of trading volume and number of users among the top cryptocurrency exchanges in the world. Its turnover exceeds $40 billion. Coinbase is available for traders from 32 different countries, mainly from Europe and North America. You can trade 740 different cryptocurrency and fiat pairs on the platform. One of the advantages of the site is that it adds new coins almost every week. This news is constantly reported on the company's official Twitter account. Sometimes, users are even asked to vote for a particular coin to appear later on the exchange. Binance's popularity is also influenced by its high order processing speed, which is almost 1.5 million per second.

Binance
Cryptocurrencies 740 different pairs of cryptocurrencies and fiat currencies, including BNB's own token;
Fees and expenses Binance offers competitive transaction costs (commissions): 0.1% on each side of the transaction or 0.075% if you use your Binance tokens (BNB);
Portfel  Trust Wallet mobile app;
Method of payment Bank transfer, debit/credit cards, various P2P payment channels;
Security An exchange has formed the CryptoSafe Alliance (CSA). The initiative will bring together exchanges, blockchain protocols, cybersecurity experts and compliance firms. It is the first comprehensive surveillance and threat protection tool in a decentralized exchange environment.
Mobile application The free app is available in the Google Play Store or App Store.

Kraken

The platform was registered in the US in 2011 as Payward, Inc. and is headquartered in San Francisco. Today, the exchange has offices in several cities around the world, including London, Chiyoda (Japan) and Singapore. Kraken developed Cryptowatch, a trading terminal that provides real-time cryptocurrency market data, charts and trading services to more than 25 cryptocurrency exchanges. The service has acquired 4 million customers in two hundred countries. Overall, Kraken focuses on traders who trade the leading cryptocurrencies.

Kraken
Cryptocurrencies There are 8 tokens available for trading;
Fees and expenses For transactions below 50,000 units of a given currency, the commission is 0.16% for the seller and 0.26% for the buyer; for amounts above 50,000 units, the commission is reduced to 0.14% and 0.24% respectively;
Portfel  The site does not offer a wallet for cryptocurrencies;
Method of payment Cryptocurrencies and transferring money via bank transfer. Deposits/withdrawals via bank cards are not possible;
Security It provides users with two-factor authentication (2FA), PGP encryption, and a global settings lock that prevents account changes for a specified period of time;
Mobile application   Kraken Pro en Kraken Futures trading apps.

 Bittrex

This cryptocurrency started in New York in 2015. It began as a simple online exchange. But the service quickly became popular and expanded its functionality to a full-fledged exchange the following year. The Bittrex trading platform has many financial, trading and analytical tools for successful trading. In June, the trading volume exceeded $51 million. It allows its clients to work with a huge number of trading pairs. Bittrex offers safe custody of users' funds as almost all funds are stored in cold wallets. It is probably one of the safest cryptocurrency exchange platforms as it was founded by cybersecurity experts. The platform supports five major markets: dollar, euro, BTC, ETH and USDT (Tether ERC-20); several ERC-20 tokens and many other independent coins.

Bittrex
Cryptocurrencies There are 250+ trading pairs available;
Fees and expenses Deposits in EUR can be made via:  SEPA transfer; international transfer; bank card. Fiat withdrawals can be made to your bank account via international transfer, while SEPA transfer is supported for EUR.The withdrawal fee depends on the cryptocurrency you choose, with Bitcoin at 0.0005 BTC and Ethereum at 0.00600000 ETH. The site has a fixed trading fee of 0.25% of the total value of your order;
Portfel  No wallet for cryptocurrencies;
Method of payment Bank transfers, credit/debit cards;
Security Two-factor authentication (2FA);IP authentication with login confirmation from new IP address via email; IP whitelisting; Cold storage for 80%-90% of assets;
Mobile application There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.

Bitmex

BitMEX was launched in 2014. The site has established itself as a stable source that offers maximum opportunities for profitable digital currency trading. All withdrawals and deposits can only be made in BTC, and users must convert altcoins into bitcoins. Bitmex currently ranks first in terms of trading volume, with an average daily trading volume of $2 billion to $4 billion. The exchange has its own insurance fund that currently manages over 31,000 bitcoin. It is used to cover liquidated positions on the platform. Because of its ability to trade on margin with 100 times leverage in the highly volatile cryptocurrency market, many traders compare trading on the exchange to gambling. Last month, the platform introduced mandatory verification for all account holders, which must be completed by February 2021.

BitMEX
Cryptocurrencies 55 trading pairs;
Fees and expenses BitMEX does not charge a deposit or withdrawal fee. Withdrawals in BTC are subject to a minimum Bitcoin network fee; dealer fees are 0.075% of the total order value, with a further 0.025% added per transaction;
Portfel BitMEX kryptokurrency portemonnee
Method of payment Other than cryptocurrencies, BitMEX does not accept any other deposits;
Security Funds are stored in cold wallets;Two-factor authentication;Registration via SMS notification;Multiple wallets for signing transactions;Email correspondence is encrypted using PGP encryption;
Mobile application   BitMEX Mobile will launch in September 2020.

The adoption of cryptocurrencies is steadily penetrating all corners of the planet, and the global cryptocurrency market is currently worth $351.24 billion.

 Bitfinex

This cryptocurrency exchange was founded in 2012 in Hong Kong. It is known for its work with Tether (USDT). 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, as confirmed by a number of serious financial instruments. On Bitfinex you can apply short-term strategies and try long-term investing.

Bitfinex 
Cryptocurrencies Over 140 coins and 300 trading pairs;
Fees and expenses No additional fees for deposits and withdrawals in digital currencies. For USD deposits, you must pay a commission of 0.1%, but not less than $20;The minimum rate for fiat withdrawals is $60;With a minimum currency turnover per month, the trading rate is 0.1% for the depositor and 0.2% for the receiver;
Portfel Users can choose from three wallets - Exchange Wallet, Margin Wallet and Finance Wallet;
Method of payment In addition to cryptocurrencies, bank transfers and card withdrawals are also available to users.
Security Only 0.5% of cryptocurrency assets are stored online to support daily transactions. The rest of the coins are stored in cold wallets that are inaccessible to hackers. Making these wallets accessible requires manual authorization by several members of the management team;
Mobile application Available.

 Localbitcoins

LocalBitcoins was founded in Finland in 2012. The goal was to create a secure platform for trading cryptocurrencies. The site is actively used in over 240 countries around the world. Here you can exchange bitcoin for all fiat currencies that officially exist in the world. Users place orders to buy and sell bitcoin, specifying the exchange rate, payment method, and minimum/maximum transaction amount. Other users select their preferred bids and confirm the transaction.

Localbitcoins
Cryptocurrencies Bitcoin
Fees and expenses The website does not charge any commission from the buyer. Sellers are charged a 1% commission on each sale.
Portfel  Bitcoin-portmonetka
Method of payment Wire transfers, bank cards, electronic systems;
Security Transaction security is guaranteed by the escrow method, which has proven to be very effective; user accounts are protected by two-factor authentication.
Mobile application

Poloniex

It is a US-based cryptocurrency exchange that entered the market in 2014. In addition to traditional spot trading, the source also offers margin trading and 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 process that meets KYC standards. Currently, the daily turnover is more than $13 million, and users can trade more than 100 currency pairs. The largest percentage of the audience is interested in trading and exchange rate options. Advanced analytics (last day cryptocurrency price, trading history) creates a favorable environment for efficient trading.

Poloniex
Cryptocurrencies 100+ casting apare
Fees and expenses All deposits are allowed without any additional fees;Withdrawal fees are fixed and depend on the type of cryptocurrency;Transaction fees range from 0 to 0.25%;Producer commission - from 0% to 0.15%;Acceptance commission - from 0.1% to 0.25%;The higher the volume of your transactions in a month, the lower the commission for all subsequent transactions made;
Portfel  Ja;
Method of payment Depositing with a bank card or withdrawing money with a card is not possible for users in some countries;
Security We strongly recommend adding two-factor authentication to your account;
Mobile application   Available at

 Kucoin

This young exchange was founded in 2017. However, it has already established itself as 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, allowing its customers to trade over 450 trading pairs. KuCoin is very popular among new cryptocurrencies that have just gone through an ICO, The exchange has its own token, KuCoin Shares (KCS). KCS token holders receive trading discounts.

Kucoin 
Cryptocurrencies 200+ coins and 450+ trading pairs;
Fees and expenses All deposits to the site are free, and there is a fixed fee for withdrawals; KuCoin offers a fixed trading fee of 0.10%, which is lower than the industry average.
Portfel  The internal website of a cryptocurrency wallet;
Method of payment A variety of payment methods supported by fiat P2P services;
Security The Exchange allows you to set up two-factor authentication with Google Authenticator;
Mobile application   Available at.

Cold storage in the strict sense is the transfer of bitcoin to addresses with a private key that can never be compromised (revealed). In its simplest form, these are keys obtained on a computer with no network connection.

 Bitpanda

It is an Austrian startup, founded in 2014. It has powerful API applications, powerful servers, and a fully automated real-time ordering system. It currently serves over 1.2 million customers, but hopes to expand its customer base through investment. The company has a European PSD2 license, and the source is equipped with state-of-the-art security methods and ways to protect your account from hackers. The exchange has its own Bitpanda Ecosystem Token (BEST); holders can get a 25% discount on transactions.

Bitpanda
Cryptocurrencies Bitcoin, Ethereum en 30+ digitale activa;
Fees and expenses The service's trading fee depends on the type of currency and the nature of the transaction. You pay 1.49% when buying bitcoin and 1.29% when selling bitcoin; deposit and withdrawal fees are fixed for each currency and are deducted from your account;
Portfel  Bitpanda cryptocurrency portemonnee;
Method of payment Payment can be made by bank transfer, credit card or electronic payment systems;
Security Bitpanda refers to systems that self-manage users' wallet keys.In addition, the following security measures are offered:Cold storage of funds;Session control. Each login attempt from a new device requires confirmation of two-factor authentication;Email authentication and verification;
Mobile application   Ja.

Coinmama

The service started in 2013 and since then it has been offering services to buy the two most popular coins for fiat money from your bank card. Coinmama is not an exchange in the usual sense of the word. Here you can only buy currencies. The platform does not even have a built-in wallet, and the purchased assets are transferred to the address provided by the user. The service currently has 2.3 million users in 188 countries.

Coinmama
Cryptocurrencies The platform sells Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos и EOS;
Fees and expenses There is a 5% processing fee for using credit or debit cards. Besides, the platform charges 3.90% for buying coins and 0.9% for selling them;
Portfel Nee;
Method of payment 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 technology. Both sites have confirmed that 256-bit SSL encryption is actively used on pages containing personal information;
Mobile application   Ja.

 Hitbtc

This cryptocurrency exchange is a joint project between 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 site's interface is simple and easy to use, as the service is designed for all traders, regardless of their level of professionalism. Potential customers can try demo trading and use analytical tools to better understand the cryptocurrency market. HitBTC supports trading a very large number of cryptocurrencies and works with fiat money, offering favorable exchange rates for GBP, USD, EUR. The site supports SEPA and SWIFT payments. HitBTC uses various promotional methods to attract traders, including active advertising on social media.

Hitbtc 
Cryptocurrencies Today, 800 currency pairs are traded on the platform;
Fees and expenses No deposit fees and fixed withdrawal fees depending on the currency; HitBTC uses a tiered system to calculate transaction costs. The more a user trades, the lower their commission will be;
Portfel No wallet for cryptocurrencies;
Method of payment The HitBTC exchange can only be powered by digital currency;
Security The platform offers two-factor authentication, high-end encryption technology and cold storage;
Mobile application   Nee.

 Paxful

Paxful is an international P2P platform for buying and selling bitcoin, launched in 2014 by Estonian and American entrepreneurs. The main goal of Paxful is to create a transparent and secure platform through which anyone can quickly buy bitcoin. Paxful itself does not sell cryptocurrencies, the site has taken on the role of an intermediary between buyers and sellers. The exchange is actively involved in social projects, such as building schools in Africa.

Paxful
Cryptocurrencies Bitcoin en Tether
Fees and expenses Fees for selling cryptocurrency:0.5% for bank transfers;1% for debit cards and e-payments;3-5% for gift cards;No commission for buying cryptocurrency;Paxful charges fees for sending money to an external wallet.$0 - $9.99 = 0.0001 BTC $10 - $19.99 = 0.0002 BTC Over $20 = 0.0005 BTC
Portfel Paxful Wallet App makes it easy to store and manage coins with a mobile cryptocurrency wallet;
Method of payment Over 300 ways to purchase 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 guaranteed by two-factor authentication, top-up and a mandatory verification procedure when handling large sums of money.
Mobile application   Paxful Wallet dla Android i iOS.

When choosing an exchange, you should carefully read the terms of registration and withdrawal. It is important to read user reviews and check if it has been involved in fraudulent schemes or has been subject to hacking attacks. Another thing to consider is to make sure that the exchange has a high trading volume. And please always remember that an exchange is not a safe way to store cryptocurrency. It is highly recommended that you choose sources that keep your wallets cold and have solid security practices.

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