Best platform to buy cryptocurrencies Hong Kong 2021
          

Best platform to buy cryptocurrencies Hong Kong 2021

Cryptocurrencies continue to grow in popularity 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 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 possibility of storing coins in personal wallets. These sites 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 one of the main jurisdictions for the cryptocurrency industry: a large number of companies are 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).

 Coinbase

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 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, it has served about 30 million customers and reached a turnover of $150 billion. 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's Financial Conduct Authority (FCA) to act as a financial services organization. The platform currently serves more than 10 million customers.

Coinbase
Cryptocurrencies 23 tipos de monedas digitales, incluyendo 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 from $10 to $25;$1.99 - for transactions from $25 to $50;$2.99 - for transactions from $50 to $200.For transactions over $200, a fixed interest rate comes into play. Its size depends on the method of payment.
Portfolio  Free on mobile and online. The advantage of this wallet is that transactions can be made offline.
Method of payment Funds can be deposited and withdrawn by bank card, credit 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 in case of loss;
Mobile application Mobile applications for Android and iOS.

 Binance

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 trading volume exceeds $40 billion. Coinbase is accessible to traders from 32 different countries, mainly from Europe and North America. 740 different cryptocurrency and fiat currency pairs are available for trading on the platform. One of the site's winning features 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 invited to vote for one or another coin that then appears on the exchange. Binance's popularity is also influenced by its high order processing speed of almost 1.5 million per second.

Binance
Cryptocurrencies 740 different crypto and fiat pairs, including the NBB token itself;
Commissions and fees Silo offers competitive transaction fees (commissions): 0.1% on each side of the transaction or 0.075% if you use their shipping tokens (BNB);
Portfolio  Mobile trust portfolio application;
Method of payment 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 A free app is available in the Google Play Store or App Store.

Kraken

This platform was registered in the United States as Payward, Inc. in 2011. It is headquartered in San Francisco. The exchange currently 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, charting and trading services for more than 25 cryptocurrency exchanges. The service has attracted four million customers in two hundred countries. Overall, Kraken focuses on traders who trade top-tier cryptocurrency assets.

Kraken
Cryptocurrencies There are 8 tokens available for trading;
Commissions and fees Transactions of less than 50,000 units of a given 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  No cryptocurrency wallets are offered on the site;
Method of payment Cryptocurrency wallets and wire transfer money transfers. Deposit/withdrawal by credit card is not possible;
Security The exchange offers users two-factor authentication (2FA), PGP encryption and global locking, which prevents changes to the account for a set period of time;
Mobile application Kraken Pro and Kraken Futures trading applications.

 Bittrex

This cryptocurrency began trading in New York in 2015. It started operating as an ordinary internet exchange. But the service quickly became popular and the following year it expanded its functionality to the level of a full-fledged exchange. Bittrex's trading platform features 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 large number of trading pairs. Bittrex ensures reliable storage of 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.

Bittrex
Cryptocurrencies More than 250 transaction pairs are available;
Commissions and fees Topping up your euro account is possible via: a SEPA transfer; an international bank transfer; a bank card. Withdrawal of funds in foreign currencies is possible to a bank account via an international bank transfer, and for euros, a SEPA transfer is supported. Withdrawal fees depend on the chosen cryptocurrency: for bitcoin, they are 0.0005 BTC, for Ethereum - 0.00600000 ETH. The site has a fixed transaction fee of 0.25% of the total amount of the order;
Portfolio  There is no cryptocurrency portfolio;
Method of payment Bank transfers, credit/debit cards;
Security Two-factor authentication (2FA); IP verification requiring email confirmation 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

BitMEX was launched in 2014. The site has proven to be a stable resource offering maximum opportunities for profitable trading of digital currencies. All withdrawals and replenishments can only be made in BTC and users must convert altcoins into bitcoins. Currently, the Bitmex exchange is a leader in terms of trading volume, with a daily average of between $2 billion and $4 billion. The exchange has its own insurance fund, which currently manages more than 31,000 bitcoins. It is used to hedge settled positions on the platform. Due to the ability to trade on margin with 100x 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, to be completed by February 2021.

BitMEX
Cryptocurrencies 55 trading pairs ;
Commissions and fees BitMEX does not charge commissions for deposits or withdrawals. When withdrawing BTC, a minimum Bitcoin Network commission applies. Trade commissions for buyers are 0.075% of the total order value, while manufacturers receive an additional 0.025% for each transaction;
Cartera BitMEX cryptocurrency portfolio
Method of payment Apart from cryptocurrencies, BitMEX does not accept other deposits;
Security Funds are stored in cold wallets; two-factor authentication; enrollment via SMS notifications; multi-signature wallets for transactions; email communications are encrypted using PGP encryption;
Mobile application BitMEX Mobile, which will be launched in September 2020.

The adoption of cryptocurrencies continues to penetrate every corner of the world. Currently, the global cryptocurrency market is worth $351.24 billion.

 Bitfinex

This cryptocurrency exchange was founded in 2012 in Hong Kong. It is known for its collaboration with the Tether (USDT) project. The platform offers its users exchange services, margin trading and supports all major types of coins and tokens. The project is designed for professional traders and large investors, and is tested by a variety of serious financial instruments. At Bitfinex, you can apply short-term strategies and try to invest for the long term.

Bitfinex 
Cryptocurrencies More than 140 currencies and 300 trading pairs;
Commissions and fees There are no additional fees for deposits and withdrawals in digital currencies. When depositing US dollars, you will have to pay a fee of 0.1%, but not less than 20 US dollars; the minimum fee for withdrawing fiat money is 60 US dollars; with the minimum volume of coins per month, the transaction fee is 0.1% for the sender and 0.2% for the receiver ;
Cartera Users can choose from three portfolios: Exchange Portfolio, Margin Portfolio and Funding Portfolio;
Method of payment In addition to cryptocurrencies, users can make bank transfers and cash withdrawals with the card.
Security Only 0.5% of cryptoassets are held online for daily transactions. The rest of the coins are kept in cold wallets, out of hackers' reach. To make these wallets available, manual authorization is required from several members of the administrative team;
Mobile application Available.

LocalBitcoins

LocalBitcoins was founded in Finland in 2012. The aim of the project was to create a secure platform for cryptocurrency trading. 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, indicating the exchange rate, payment method and minimum and maximum transaction amounts. Other users choose their preferred offers and confirm the transaction.

Localbitcoins
Cryptocurrencies Bitcoin
Commissions and fees The service does not charge a commission to the buyer. For sellers, there is a fixed commission of 1% on each sale.
Portfolio  Monedero Bitcoin
Method of payment 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 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 wish to lend their funds. 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 exceeds $13 million, and users can trade more than 100 currency pairs. The largest percentage of the audience is interested in forex trading and currency options. Advanced analytics (last day's cryptocurrency prices, transaction history) create an environment for efficient trading.

Poloniex 
Cryptocurrencies More than 100 currency pairs
Commissions and fees Withdrawal fees are fixed and depend on the type of cryptocurrency; trading fees are 0-0.25%; manufacturer's fee is 0-0.15%; borrower's fee is 0.1-0.25%; the higher the volume of transactions performed in a month, the lower the fee for all transactions performed thereafter;
Portfolio Yes;
Method of payment Replenishing an account with a bank card or withdrawing money from 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 in

 Kucoin

This young exchange was created in 2017. Although 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 ICO, the exchange has its own token - KuCoin Shares (KCS). Holders of KCS coins get discounts on exchanges.

Kucoin 
Cryptocurrencies More than 200 currencies and more than 450 trading pairs;
Commissions and fees All deposits are free on the site and there is a flat fee for withdrawals. KuCoin offers a flat trading fee of 0.10%, which is below the industry average.
Portfolio Internal cryptographic wallet ;
Method of payment A variety of payment methods supported by fiat P2P services;
Security The exchange offers you the possibility to set up a two-factor authentication through Google Authenticator.
Mobile application Available in

Cold storage in the strict sense is the transfer of bitcoins 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 company founded in 2014. It has powerful API applications, powerful servers and a fully automated real-time ordering system. It currently serves more than 1.2 million customers, but through investments, it expects to expand its customer base. The company has a European license PSD2, the resource is equipped with modern methods and means of security to protect the account from access by hackers. The exchange has its own token of the Bitpanda ecosystem (BEST), the holders of which can get a 25% discount on transactions.

Bitpanda
Cryptocurrencies Bitcoin, Ethereum and more than 30 other digital assets;
Commissions and fees The commission for the trading service depends on the type of currency and the nature of the transaction. When buying bitcoins 1.49% is paid, when selling - 1.29%. Reset and withdrawal commission is fixed for each currency and charged to the account;
Portfolio  ; Bitpanda cryptocurrency wallet
Method of payment You can make a deposit by bank transfer, credit cards or electronic payment systems;
Security Bitpanda refers to systems that independently manage the user's wallet keys. In addition, the following security measures are provided: cold storage; session control. Each login attempt from a new device requires confirmation of two-factor authentication;Email authentication and validation;
Mobile application Sim

Coinmama

The service started its journey in 2013 and since then offers services to buy the two most popular currencies in fiat currency from a bank card. Coinmama is not an exchange in the usual sense. You can only buy currencies here. The platform does not even have a built-in wallet, and the purchased assets are transferred to the address specified by the user. Currently, the service has 2.3 million users in 188 countries.

Coinmama 
Cryptocurrencies A platform that sells Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos and EOS ;
Commissions and fees The use of credit or debit cards is subject to a 5% service fee. In addition, the platform charges 3.90% for the purchase of coins and 0.9% for their sale;
Cartera Not;
Method of payment Credit/debit cards and bank transfers; supports SEPA and SWIFT payments;
Security Coinmama is a reputable company whose site is secured by Trust Guard and Comodo technologies. Both services 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 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 interface is simple and user-friendly, as the service is designed for all traders, regardless of their professional level. A potential client can test demo trades and use the analysis tools to better understand the cryptocurrency market. HitBTC supports trading a large number of cryptocurrencies and works with fiat money, offering a profitable exchange rate for GBP, USD, EUR. The site supports SEPA and SWIFT payments. HitBTC uses various promotional methods to attract traders, including active advertising in social networks.

Hitbtc 
Cryptocurrencies Currently, 800 currency pairs are traded on the platform;
Commissions and fees There is no commission for deposits and a fixed commission for withdrawals, depending on the currency; HitBTC uses a tiered commission calculation system. The more transactions a user makes, the lower the commission;
Cartera There is no cryptocurrency portfolio;
Method of payment The HitBTC exchange can be replenished exclusively with digital currency;
Security The platform offers two-factor authentication, high-level encryption technology and cold storage of funds;
Mobile application No

 Paxful

Paxful is an international P2P marketplace for buying and selling bitcoins, launched in 2014 by Estonian and American entrepreneurs. Paxful's main goal is to create a transparent and secure platform for anyone to buy bitcoins quickly. 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.

Paxful 
Cryptocurrencies Bitcoin y Tether
Commissions and fees Fees apply for cryptocurrency sales: 0.5% for bank transfers; 1% for bank cards and electronic payments; 3-5% for gift cards; No fee applies for cryptocurrency purchases; Paxful will charge a transfer fee for sending funds to an external wallet.0 - $9.99 = 0.0001 BTC 10 - $19.99 = 0.0002 BTC Over $20 = 0.0005 BTC
Cartera The Paxful Wallet app makes it easy to store and manage coins with its mobile cryptocurrency wallet;
Method of payment 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 guaranteed by the two-factor authentication, the deposit and the mandatory verification procedure when working with large quantities.
Mobile application Wallet for Android and iOS.

When choosing an exchange, be sure to carefully study the conditions of registration and withdrawal of funds. It is important to read user reviews and check whether they have been involved in fraudulent schemes or have been subject to hacker attacks. Another thing is to make sure that the exchange has a high turnover rate. And always remember that the exchange is not a safe way to store cryptocurrencies. It is highly recommended to choose resources that have cold wallet storage and reliable security methods.

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