Best cryptocurrency exchanges 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 opportunity to buy them for fiat currencies or to exchange them. A cryptocurrency exchange is a site where users can buy and sell digital currencies online. In addition to exchanging cryptocurrencies, cryptocurrency exchanges also offer the ability to store coins in personal wallets. These sites work similarly to exchanges, commodity exchanges, and stock exchanges - prices are set by the market on a supply/demand basis for each token. We offer you a list of the largest cryptocurrency exchanges.

Hong Kong is one of the leading jurisdictions in the cryptocurrency industry, with a large number of companies based here, including exchanges, OTC platforms and brokers. They are currently monitored by the local currency board and the Hong Kong Securities and Futures Commission (SFC).

 Coinbase

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

Coinbase
Cryptocurrencies 23 tipos de moedas digitais, incluindo Bitcoin (BTC); Ethereum (ETH); Ripple (XRP); Litecoin (LTC); Bitcoin Cash (BCH); EOS (EOS); Stellar Lumens (XLM); Cosmos (Atom); Dash (DASH); Chainlink (LINK).
Commissions and fees All transactions under $200 have the following fees: $0.99 - for transactions under $10;$1.49 - for transactions between $10 and $25;$1.99 - for transactions between $25 and $50;$2.99 - for transactions between $50 and $200.For transactions over $200, a fixed interest rate comes into play. Its size depends on the payment method.
Portfel  Free mobile and online. The advantage of this wallet is that transactions can be done off-block.
Payment method Funds can be deposited and withdrawn via bank card, bank transfer, and a number of payment systems. SEPA transfers are available for EU residents;
Security Two-factor authentication; All website traffic is encrypted using SSL cryptographic protocol; All wallet keys are protected by AES-256 encryption; Only 2% of your customers' cryptocurrency funds are stored online and are insured against loss;
Mobile Application Mobile applications for Android and iOS.

 Binance

This exchange was founded in 2012 and today serves more than 12 million traders. Between 2018 and 2020, Binance is the undisputed leader in terms of trading volume and number of users among the world's leading cryptocurrency exchanges. Its turnover exceeds $40 billion. Coinbase is available to traders from 32 different countries, mainly from Europe and North America. 740 different cryptocurrency pairs and fiat currencies can be traded on the platform. One of the advantages of this 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 one coin or another, which then appears 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 the BNB token itself;
Commissions and fees Silo offers competitive trading fees (commissions): 0.1% on both sides of the transaction or 0.075% if you use their shipping symbols (BNB);
Portfel  Application of the mobile trust portfolio;
Payment method Bank transfer, debit/credit cards, various P2P payment channels;
Security The exchange has launched the CryptoSafe Alliance (CSA). The initiative will bring together exchanges, blockchain protocols, cybersecurity experts and compliance firms. It is the first comprehensive tool to monitor and protect against threats in a decentralized exchange environment.
Mobile Application The free app is available from the Google Play Store or the App Store.

Kraken

The platform was registered in 2011 in the United States as Payward, Inc. It has its headquarters in San Francisco. As of today, the exchange has offices in several cities around the world, including London, Chiyoda (Japan) and Singapore. Kraken developed the Cryptowatch trading terminal, which provides cryptocurrency market data, charts and real-time trading services for more than 25 cryptocurrency exchanges. The service has acquired four million customers in two hundred countries. In general, Kraken focuses on traders who trade assets in top-tier cryptocurrencies.

Kraken
Cryptocurrencies There are 8 chips available for trading;
Commissions and fees Transactions of less than 50,000 units of a currency are subject to fees of 0.16% for the seller and 0.26% for the buyer; for amounts over 50,000 units, the fees are reduced to 0.14% and 0.24% respectively;
Portfel  No cryptocurrency wallet is offered on the site;
Payment method Cryptocurrency wallets and money transfers by bank transfer. Deposit/withdrawal by bank cards is not available;
Security The exchange offers users two-factor authentication (2FA), PGP encryption, and a global settings lock that prevents any changes to the account within a certain period of time;
Mobile Application Kraken Pro and Kraken Futures trading applications.

 Bittrex

This cryptocurrency started in New York in 2015. It started as a simple online exchange. But the service quickly became popular and in the following year expanded its functionality to the level of a real exchange. The Bittrex trading platform has a variety of financial, trading and analytical tools for successful trading. In June, its turnover exceeded $51 million. It allows its clients to work with a large number of trading pairs. Bittrex provides reliable storage of users' assets, as almost all funds are kept in cold wallets. It is probably one of the most secure cryptocurrency exchange platforms, as it was founded by cyber security experts. The platform supports five main markets: dollar, euro, BTC, ETH and USDT (Tether ERC-20); several ERC-20 tokens and many other independent coins.

Bittrex
Cryptocurrencies More than 250 business parks are available;
Commissions and fees Topping up your euro account is possible by: SEPA transfer; international bank transfer; bank card. It is possible to withdraw fiat funds to your bank account by international bank transfer, and in the case of euro, SEPA transfer is supported. The withdrawal fee depends on the chosen cryptocurrency: in bitcoin it is 0.0005 BTC, in Ethereum - 0.00600000 ETH. The site has a fixed merchant fee of 0.25% of the total amount of the order;
Portfel  No cryptocurrency wallet;
Payment method Bank transfers, credit/debit cards;
Security Two-factor authentication (2FA); IP verification that requires confirmation of new IP address by incoming email;    IP whitelisting;  Cold storage for 80%-90% of goods;
Mobile Application There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.

Bitmex

BitMEX was launched in 2014. The site has proven to be a stable source that offers maximum opportunities for profitable digital currency trading. All withdrawals and top-ups can only be made in BTC, and users must convert altcoins into bitcoins. Currently, the Bitmex exchange ranks first in terms of trading volume, with an average daily volume between $2 billion and $4 billion. The exchange has its own insurance fund, which currently manages over 31,000 bitcoins. It is used to cover settled positions on the platform. Because of its ability to perform hedging transactions with 100 times the leverage in the 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 must be completed by February 2021.

BitMEX
Cryptocurrencies     55 trading pairs;
Commissions and fees BitMEX does not charge any fees for deposits or withdrawals. A minimal Bitcoin Network commission is charged on BTC withdrawals; trading commissions for buyers are 0.075% of the total order value, producers receive an additional 0.025% per transaction;
Portfolio BitMEX Crypto Wallet;
Payment method Apart from cryptocurrencies, BitMEX does not accept any other deposits;
Security Funds are stored in cold wallets; two-factor authentication; registration via SMS notifications; multi-signature wallets for transactions; email communications are encrypted using PGP encryption;
Mobile Application BitMEX Mobile, launching in September 2020.

Cryptocurrency adoption is steadily penetrating every corner of the planet, and as of today, the global cryptocurrency market cap is B$351.24.

 Bitfinex

This cryptocurrency exchange was founded in 2012 in Hong Kong. It is well known for its work 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 tested by several serious financial instruments. At Bitfinex you can use short-term strategies and try long-term investing.

Bitfinex 
Cryptocurrencies More than 140 currencies and 300 trading pairs;
Commissions and fees No additional fees are charged for digital currency deposits and withdrawals. When depositing US dollars, a fee of 0.1%, but not less than 20 USD, must be paid; the minimum fee for withdrawing fiat money is 60 USD; with a minimum number of coins per month, the trading fee is 0.1% for the creator and 0.2% for the acceptor;
Portfolio Users are offered three wallets to choose from - Exchange Wallet, Margin Wallet and Financing Wallet;
Payment method In addition to cryptocurrencies, users have bank transfers and cash withdrawals available on the card.
Security Only 0.5% of cryptocurrency assets are kept online to support daily transactions. The rest of the coins are stored in cold wallets, out of reach of hackers. In order for these wallets to be accessible, manual authorization from several members of the administrative team is required;
Mobile Application Available.

Localbitcoins

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

Localbitcoins
Cryptocurrencies Bitcoin;
Commissions and fees The site does not receive commission from the buyer. Sellers are charged a flat 1% commission on each sale.
Portfel  Bitcoin;
Payment method Bank transfers, bank cards, electronic systems;
Security Transaction security is ensured 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 the traditional spot exchange, the source offers margin trading as well as options for those who want to borrow their funds. In 2018, the company was acquired by Circle Internet Financial Limited. And then the service introduced a mandatory verification procedure in accordance with KYC requirements. Currently, the daily trading volume exceeds $13 million, and users can trade more than 100 currency pairs. The largest percentage of the public is interested in trading currencies and currency options. Advanced analytics (cryptocurrency price in the last day, trading history) create a favorable environment for efficient trading.

Poloniex 
Cryptocurrencies More than 100 currency pairs
Commissions and fees The withdrawal fee is fixed and depends on the type of cryptocurrency; merchant commission ranges from 0 to 0.25%; producer commission ranges from 0% to 0.15%; borrower commission ranges from 0.1% to 0.25%; the higher the volume of transactions made in a month, the lower the commission for all transactions made thereafter;
Portfel  Sim;
Payment method Topping up with a bank card or withdrawing to a card is not available for users in some countries;
Security The administration strongly recommends adding two-factor authentication to your account;
Mobile Application Available at.

 Kucoin

This young exchange was founded in 2017. While 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, allowing its customers 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 symbol - KuCoin Shares (KCS). Holders of KCS coins receive trading discounts.

Kucoin 
Cryptocurrencies More than 200 currencies and over 450 trading pairs;
Commissions and fees All on-site deposits are free and a flat fee is charged for withdrawals; KuCoin offers a flat trading commission of 0.10%, which is lower than the industry average.
Portfel  Internal cryptographic wallet;
Payment method Variety of payment methods supported by fiat P2P services;
Security The Exchange offers you the opportunity to establish two-factor authentication via 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 their simplest form, these are keys obtained on a computer with no network connection.

 Bitpanda

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

Bitpanda
Cryptocurrencies Bitcoin, Ethereum and more than 30 digital assets;
Commissions and fees Commission for the trading service depends on the type of currency and the nature of the transaction. When buying bitcoin you pay 1.49%, when selling - 1.29%; zeroing and withdrawal commission is fixed for each currency and is taken from your account;
Portfel  Bitpanda cryptocurrency wallet.
Payment method Payment can be made by bank transfer, credit cards, or electronic payment systems;
Security Bitpanda refers to systems that self-generate the keys to the user's wallet. In addition, the following security measures are offered:Cold storage;Session control. Each login attempt from a new device requires two-factor authentication confirmation;Email authentication and validation;
Mobile Application Sim.

Coinmama

The service started its work in 2013 and since then has been offering services to buy the two most popular currencies using money from your bank card. Coinmama is not an exchange in the usual sense of the word. Here you can only buy currency. 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 e EOS;
Commissions and fees There is a 5% service fee for using credit or debit cards. In addition, the platform charges 3.90% for buying coins and 0.9% for selling them;
Portfolio Nie;
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 technology. Both sites have confirmed that 256-bit SSL encryption is actively used on pages containing personal information;
Mobile Application Sim.

 Hitbtc

This cryptocurrency exchange is a joint project between European and Israeli entrepreneurs, established 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 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 There are 800 currency pairs traded on the platform today;
Commissions and fees No commission on deposits and flat commission on withdrawals, depending on the currency;HitBTC uses a tier system to calculate trading fees. The more a user trades, the lower his commission will be;
Portfolio No cryptocurrency wallet;
Payment method The HitBTC exchange can only be supplemented with digital currency;
Security The platform provides two-factor authentication, high-level encryption technology, and cold storage;
Mobile Application Nie.

 Paxful

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

Paxful 
Cryptocurrencies Bitcoin e Tether
Commissions and fees Commissions are applied when selling cryptocurrencies:0.5% for bank transfers;1% for bank cards and electronic payments;3-5% for gift cards;No commission is charged when buying cryptocurrencies;Paxful charges a fee for transferring funds 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 a mobile cryptocurrency wallet;
Payment method More than 300 ways to buy coins, including bank transfer, credit and debit cards, PayPal, Western Union, and even Amazon, iTunes or Steam gift cards;
Security System security is ensured by two-factor authentication, escrow, and a mandatory verification procedure when working with large volumes;
Mobile Application Wallet for Android and iOS.

When choosing an exchange, it is important to carefully read the terms and conditions for registration and withdrawal of funds. It is important to read user reviews and check if they have been involved in fraudulent schemes or subject to hacking attacks. Another thing is to make sure that the exchange has a high turnover. And please always remember that an exchange is not a secure way to store cryptocurrency. It is highly recommended that you choose resources that have cold wallet storage and reliable security methods.

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