Best cryptocurrency trading platforms Hong Kong 2021
Cryptocurrencies continue to grow in popularity, and more and more people are interested in investing in this sector. As a result, new services are constantly appearing that offer the opportunity to buy them for fiat currencies or to exchange them. 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 platforms operate similarly to currency, commodity and stock exchanges - prices are determined by the market, based on the principle of supply and demand for each token. We offer a list of the largest cryptocurrency exchanges.
Hong Kong is a key jurisdiction for the cryptocurrency industry, with a large number of companies based there, including exchanges, OTC platforms and brokers. They are currently supervised by the Local Currency Board and the Hong Kong Securities and Futures Commission (SFC).
The platform was launched in 2012 in San Francisco, USA. 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 credit cards, bank transfers and even PayPal. Since its inception, the company has served about 30 million customers and reached $150 billion in sales. One of the company's products, Coinbase PRO, is the leading cryptocurrency exchange by trading volume. Since 2018, Coinbase has been authorized by the UK Financial Conduct Authority (FCA) to act as a financial services organization. The platform currently serves more than 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).|
|Fees and charges||All transactions under $200 are subject to the following fees:$0.99 for transactions under $10.00;$1.49 for transactions from $10.00 to $25.00;$1.99 for transactions from $25.00 to $50.00;$2.99 for transactions from $50.00 to $200.00.For transactions over $200.00 a fixed percentage rate is entered. The amount depends on the payment method.|
|Portfolio||Free on mobile and online. The advantage of this wallet is that transactions can be made off the blockchain.|
|Payment method||Funds can be deposited and withdrawn by bank card, credit transfer and a number of payment systems. SEPA transfers are available to EU residents;|
|Security||Two Factor Authentication; All site traffic is encrypted with SSL; All wallet keys are protected with AES-256 encryption; Only 2% of customers' cryptocurrency funds are kept online and insured against loss;|
|Mobile application||Mobile applications for Android and iOS.|
The exchange was founded in 2012 and now 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 world's leading cryptocurrency exchanges. Its turnover exceeds $40 billion. Coinbase is available to traders from 32 different countries, mostly from Europe and North America. There are 740 different crypto and fiat trading pairs available for trading on the platform. One of the winning features 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 offered to vote for this or that coin, which then appears on the exchange. The popularity of Binance is also influenced by the high speed of order processing, which is almost 1.5 million per second.
|Cryptocurrencies||740 different cryptocurrency and fiat pairs, including BNB's own token;|
|Fees and charges||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||Mobile Trusted Wallet application;|
|Payment method||Bank transfer, debit/credit cards, various P2P payment channels;|
|Security||The exchange has launched the CryptoSafe Alliance (CSA). This 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 data exchange environment.|
|Mobile application||The free app is available on the Google Play Store or App Store.|
This platform was registered in the United States as Payward, Inc. in 2011. The company is headquartered in San Francisco. Currently, 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 to more than 25 cryptocurrency exchanges. The service has attracted four million customers in two hundred countries. Overall, Kraken focuses on traders trading the best cryptocurrency assets.
|Cryptocurrencies||Eight tokens are available for trading;|
|Fees and charges||Transactions of less than 50,000 units of this currency are subject to a commission of 0.16% for the seller and 0.26% for the buyer; for amounts over 50,000 units, the commissions are reduced to 0.14% and 0.24%, respectively;|
|Portfolio||The site does not offer a cryptocurrency wallet;|
|Payment method||Cryptocurrency wallets and wire transfers. Deposits/withdrawals by credit card are not available;|
|Security||The exchange offers users two-factor authentication (2FA), PGP encryption and a global settings lock, which prevents account changes over a period of time;|
|Mobile application||Kraken Pro and Kraken Futures trading apps.|
This cryptocurrency started in New York in 2015. It began as a simple online exchange. But the service quickly became popular, and the following year it expanded its functionality to the level of a full-fledged exchange. The Bittrex trading platform has many financial, trading, and analytical tools for successful trading. In June, its turnover exceeded $51 million. It allows its clients to work with a very large number of trading pairs. Bittrex provides secure storage for users' assets, as almost all funds are stored in cold wallets. It is probably one of the most secure cryptocurrency trading 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.
|Cryptocurrencies||More than 250 transaction pairs are available;|
|Fees and charges||Depositing to the euro account is possible via: SEPA transfer; international bank transfer; bank card. Withdrawing funds in fiat currency from the bank account is possible via international bank transfer, while for euro the SEPA transfer is supported.Withdrawal fee depends on the selected cryptocurrency: in Bitcoin it is 0,0005 BTC, in Ethereum - 0,00600000 ETH. The site has a fixed transaction fee of 0,25% of the total amount of the order;|
|Portfolio||No cryptocurrency wallet;|
|Payment method||Bank transfers, credit/debit cards;|
|Security||Two Factor Authentication (2FA);IP validation that requires verification of a new IP address; 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 was launched in 2014. The site has established itself as a stable resource that offers maximum opportunities for profitable trading in digital currencies. All withdrawals and deposits can only be made in BTC, and users are required to convert altcoins into bitcoins. The Bitmex exchange is currently the leader in trading volume, with an average daily trading volume of $2 billion to $4 billion. The exchange has its own insurance fund, which currently manages more than 31,000 bitcoins. It is used to cover settled positions on the platform. Because of the ability to trade on margin with 100x 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, to be completed by February 2021.
|Cryptocurrencies||55 trading pairs ;|
|Fees and charges||BitMEX does not charge deposit or withdrawal fees. BTC withdrawals are subject to a minimum Bitcoin Network fee. Trading commissions for buyers are 0.075% of the total order value, and producers receive an additional 0.025% per transaction;|
|Portfolio||BitMEX cryptocurrency wallet|
|Payment method||Other than cryptocurrencies, BitMEX does not accept other deposits;|
|Security||Funds are stored in cold wallets;Two-factor authentication;Registration via SMS-notification;Wallets with multiple signatures for transactions;E-mail correspondence is encrypted using PGP-encryption;|
|Mobile application||BitMEX Mobile will launch in September 2020.|
The adoption of cryptocurrencies continues to permeate every corner of the globe, and today the global cryptocurrency market is worth $351.24 billion.
This cryptocurrency exchange was founded in 2012 in Hong Kong. It is well known for its cooperation with the Tether project (USDT). The platform provides its users with exchange services, margin trading and supports all major types of coins and tokens. The project is designed for professional traders and large investors, and has been tested by many serious financial instruments. On Bitfinex you can apply short-term strategies and try to invest for the long term.
|Cryptocurrencies||Over 140 items and 300 pairs of trinkets;|
|Fees and charges||No additional charges for deposits and withdrawals in digital currencies. When depositing USD, there is a 0.1% fee, but not less than $20;Minimum fee for fiat money withdrawal is $60;For minimum monthly turnover, the transaction fee is 0.1% for the creator and 0.2% for the recipient;|
|Portfolio||Users can choose between three portfolios: a currency portfolio, a margin portfolio and a financing portfolio;|
|Payment method||In addition to cryptocurrencies, users can make bank transfers and withdraw cash to the card.|
|Security||Only 0.5% of crypto-assets are stored online for daily transactions. The rest of the coins are stored in cold wallets, inaccessible to hackers. For these wallets to be accessible, manual authorization from multiple members of the management team is required;|
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 trade bitcoins against all officially existing fiat currencies in the world. Users place orders to buy and sell bitcoins by specifying the exchange rate, payment method and minimum/maximum transaction amount. Other users select their preferred offers and confirm the transaction.
|Fees and charges||The service does not charge a commission to the buyer. Sellers are charged a fixed commission of 1% of each sale.|
|Payment method||Bank transfers, bank cards, electronic systems ;|
|Security||Transaction security is ensured by the escrow method, which has proven to be effective. User accounts are protected by two-factor authentication.|
This is an American cryptocurrency exchange that entered the market in 2014. In addition to traditional cash trading, the resource offers margin trading as well as options for those who want to lend their funds. In 2018, the company was acquired by Circle Internet Financial Limited. And since then, the service has introduced a mandatory KYC-compliant verification process. Currently, the daily trading volume exceeds $13 million, and users can trade more than 100 currency pairs. The largest percentage of the population is interested in trading currencies and currency options. Extensive analytics (cryptocurrency prices for the last day, trading history) creates the conditions for efficient trading.
|Cryptocurrencies||Over 100 currency pairs|
|Fees and charges||All deposits are allowed with no additional fees;Withdrawal fees are fixed and depend on the type of cryptocurrency;Trading fees are 0-0,25%;Creation fees are 0%-0,15%;Creation fees are 0,1%-0,25%;The higher the amount of transactions made per month, the lower the fee for all transactions made in the future;|
|Payment method||Depositing with a bank card or withdrawing money from a card is not available to users in some countries;|
|Security||We strongly recommend that you add two-factor authentication to your account;|
|Mobile application||Available on|
This young exchange was created in 2017. Although it has already established itself as one of the most reliable trading platforms in the cryptocurrency and blockchain world. The exchange offers one of the world's largest selections of trading pairs, allowing its customers to trade more than 450 trading pairs. KuCoin is very popular for new cryptocurrencies that have just passed ICO, The exchange has its own symbol - KuCoin Shares (KCS). Owners of KCS coins receive trading discounts.
|Cryptocurrencies||Over 200 items and over 450 pairs of exchanges;|
|Fees and charges||All deposits on the site are free, and there is a fixed fee for withdrawals. KuCoin offers a fixed trading commission of 0.10%, which is lower than the industry average.|
|Portfolio||Cryptographic internal website portfolio ;|
|Payment method||A variety of payment methods supported by fiat P2P services;|
|Security||The bag offers you the ability to set up two-factor authentication through Google Authenticator.|
|Mobile application||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, this refers to keys obtained on a computer without a network connection.
It is an Austrian company founded in 2014. It has powerful API applications, powerful servers, and a fully automated real-time ordering system. Today, the site serves more than 1.2 million customers, but through investments it hopes to expand its customer base. The company has a European PSD2 license, the resource is equipped with modern security methods and means to protect the account from hacker access. The exchange has its own token Bitpanda Ecosystem (BEST), its holders can get 25% discount on transactions.
|Cryptocurrencies||Bitcoin, Ethereum and more than 30 digital assets;|
|Fees and charges||The trade fee for the service depends on the type of currency and the nature of the transaction. You pay 1.49% when buying bitcoins and 1.29% when selling bitcoins;Charge and withdrawal fees are set for each currency and deducted from your account;|
|Portfolio||Bitpanda cryptocurrency wallet|
|Payment method||You can make a deposit by bank transfer, credit card or electronic payment system;|
|Security||Bitpanda refers to systems that independently manage keys to users' wallets. In addition, the following security measures are offered:Cold storage of funds;Session control. Each login attempt from a new device requires two-factor authentication confirmation;Authentication and email verification;|
The service began its work in 2013 and since then offers services to buy the two most popular currencies for fiat money from a bank card. Coinmama is not an exchange in the usual sense of the word. Here you can only buy coins. The platform does not even have a built-in wallet, and the purchased assets are transferred to the address specified by the user. The service currently has 2.3 million users in 188 countries.
|Cryptocurrencies||The platform sells Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos e EOS ;|
|Fees and charges||Credit or debit cards are subject to a 5% service charge. In addition, the platform charges 3.90% for buying coins and 0.9% for selling coins;|
|Payment method||Credit/debit cards and bank transfers; supports SEPA and SWIFT payments;|
|Security||Coinmama is a reputable company whose site is protected by Trust Guard and Comodo Technologies. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal information;|
This cryptocurrency exchange is a joint project of European and Israeli entrepreneurs created 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 professional level. Prospective clients can try demo trading and use analysis tools to better understand the cryptocurrency market. HitBTC supports trading a large number of cryptocurrencies and works with fiat currency, offering favorable exchange rates for GBP, USD, EUR. The site supports SEPA and SWIFT payments. HitBTC uses various promotion methods to attract traders, including active advertising in social networks.
|Cryptocurrencies||Today, 800 currency pairs are traded on the platform;|
|Fees and charges||No deposit fee and fixed withdrawal fee depending on the currency; HitBTC uses a tiered system for calculating trading fees. The more the user trades, the lower the commission will be;|
|Portfolio||No cryptocurrency wallet;|
|Payment method||HitBTC exchange can only be topped up with digital currency;|
|Security||The platform provides two-factor authentication, state-of-the-art encryption technology and cold storage of funds;|
Paxful is an international P2P marketplace for buying and selling bitcoins, launched in 2014 by Estonian and American entrepreneurs. The main goal of Paxful is to create a transparent and secure platform so that anyone can quickly buy bitcoins. Paxful does not sell cryptocurrencies itself; 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.
|Cryptocurrencies||Bitcoin and the tester|
|Fees and charges||Cryptocurrency sales commission: 0.5% for bank transfers; 1% for bank cards and electronic payments; 3-5% for gift cards; no commission for 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||The security of the system is ensured by two-factor authentication, escrow and mandatory verification procedure when working with large volumes.|
|Mobile application||Paxful Wallet for Android and iOS.|
When choosing an exchange, be sure to carefully study the terms of registration and withdrawal of funds. It is important to read user reviews and check whether they have not been involved in fraudulent transactions or hacking attacks. You should also make sure the exchange has a high volume of transactions. And always remember that an exchange is not a safe way to store cryptocurrencies. It is highly recommended that you choose resources that have cold storage of wallets and strong security methods.