Best trading platforms Hong Kong 2021
          

Cryptocurrency are becoming more and more popular 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 or exchange them for fiat currencies. A cryptocurrency exchange is a place 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 function similarly to currency exchanges, commodity exchanges, and stock exchanges - prices are set by the market, based on supply and demand for each token. We present you with a list of the largest cryptocurrency exchanges.

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

 Coinbase

This platform was founded in 2012 in San Francisco, United States. Coinbase offers two types of services through its two divisions: buying cryptocurrencies through the Coinbase cryptocurrency exchange service (which includes a cryptocurrency wallet) and trading through 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. During its existence, it has served around 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. As of 2018, Coinbase is authorized by the UK Financial Conduct Authority (FCA) as a financial services company. The platform currently serves more than 10 million customers.

Coinbase
Cryptocurrencies 23 waluty cyfrowe, w tym 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 For all transactions under $200, the following fees apply: $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 amount depends on the payment method.
Portfel  Free mobile and online. The advantage of this wallet is that transactions can be done off block.
Method of payment You can make deposits and withdrawals by bank card, bank transfer and various payment systems. SEPA transfers are available to EU citizens;
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 clients' cryptocurrency funds are stored online and are insured against loss;
Mobile application Mobile apps 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 among the world's leading cryptocurrency exchanges in terms of trading volume and number of users. 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 pairs of cryptocurrencies and fiat currencies on the platform. One of the best features of this site is that new currencies 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 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 cryptocurrency and fiat pairs, including the NBB 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 tokens (BNB);
Portfel  Application of a mobile trust portfolio;
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 companies. It is the first comprehensive tool for monitoring and protecting against threats 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 United States in 2011 as Payward, Inc. It is headquartered in San Francisco. 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 real-time cryptocurrency market data, charts and trading services to more than 25 cryptocurrency exchanges. The service has already acquired four million customers in two hundred countries. In general, Kraken focuses on traders who trade assets in premium cryptocurrencies.

Kraken
Cryptocurrencies There are 8 tokens available for trading;
Commissions and fees For transactions below 50,000 units of a given currency, a commission of 0.16% is charged to the seller and 0.26% to the buyer. For amounts over 50,000 units, the commissions are reduced to 0.14% and 0.24% respectively;
Portfel  A cryptocurrency wallet is not offered on the website;
Method of payment Cryptocurrency wallets and money transfers via bank transfer. Deposits/withdrawals via bank cards are not possible;
Security The exchange offers users two-factor authentication (2FA), PGP encryption, and a global settings lock that prevents account changes within a certain time period;
Mobile application Kraken Pro and Kraken Futures trading applications.

 Bittrex

This cryptocurrency started in New York in 2015. It was launched as a simple online exchange. But the service quickly gained popularity and the following year its functionality was expanded to a full-fledged exchange. The Bittrex trading platform has a variety of financial, trading and analytical tools for successful trading. In June, its trading volume was over $51 million. It allows its clients to work with a large number of trading pairs. Bittrex offers reliable security of users' assets as almost all funds are kept in cold wallets. It is probably one of the safest cryptocurrency exchange platforms as it was founded by cybersecurity experts. The platform supports five underlying markets: Dollar, Euro, BTC, ETH and USDT (Tether ERC-20); several ERC-20 tokens and many other independent coins.

Bittrex
Cryptocurrencies More than 250 retail pairs are available;
Commissions and fees Topping up your account in euros is possible via: SEPA transfer; international bank transfer; bank card. Withdrawing fiat money to your bank account is possible via international bank transfer, with SEPA transfer supported for euros. 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 order amount;
Portfel  No cryptocurrency wallet;
Method of payment Bank transfers, credit/debit cards;
Security Two-factor authentication (2FA); IP verification requiring confirmation of new IP address by incoming email;   IP whitelists;  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 founded in 2014. The site has proven to be a stable source that offers maximum opportunities for profitable digital currency trading. All withdrawals and additions can only be made in BTC, and users must convert altcoins to bitcoins. Currently, the Bitmex exchange is the leader in terms of trading volume, with an average daily turnover of $2 billion to $4 billion. The exchange has its own insurance fund that currently manages over 31,000 bitcoins. It is used to hedge liquidated positions on the platform. Due to its ability to trade 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 of all account holders, which must be completed by February 2021.

BitMEX
Cryptocurrencies 55 trading pairs;
Commissions and fees BitMEX does not charge any deposit or withdrawal fees. A minimum Bitcoin network commission is charged when withdrawing BTC. The trading commission for buyers is 0.075% of the total order value, while producers receive an additional 0.025% on each transaction;
Portfolio BitMEX cryptocurrency wallet
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 notifications; multi-signature wallets for transactions; email communications are encrypted using PGP encryption;
Mobile application BitMEX Mobile, launching in September 2020.

The adoption of cryptocurrencies is steadily penetrating every corner of the planet and today the global market capitalization of cryptocurrencies is $351.24 billion.

 Bitfinex

This cryptocurrency exchange was founded in 2012 in Hong Kong. It is known for its partnership with Tether Project (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 and is backed by various reputable financial instruments. On Bitfinex, you can use short-term strategies and try to invest long-term.

Bitfinex 
Cryptocurrencies Over 140 currencies and 300 trading pairs;
Commissions and fees There are no additional fees for deposits and withdrawals in digital currencies. When you deposit US dollars, you have to pay a commission of 0.1%, but not less than $20; the minimum fee for withdrawing fiat money is $60; with a minimum amount of coins per month, the trading fee is 0.1% for the introducer and 0.2% for the acceptor;
Portfolio Users can choose from three wallets - Exchange Wallet, Margin Wallet and Financing Wallet;
Method of payment In addition to cryptocurrencies, users can also make bank transfers and cash withdrawals on the card.
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. For these wallets to be accessible, manual approval by 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 bids and confirm the transaction.

Localbitcoins
Cryptocurrencies Bitcoin
Commissions and fees The website does not take commission from the buyer. The sellers are charged a flat 1% commission on each sale.
Portfel  Why Bitcoin
Method of payment Wire transfers, bank cards, electronic systems;
Security Transaction security is provided by the escrow method, which has proven to be extremely 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 a traditional spot exchange, 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 then the service introduced a mandatory verification process in accordance with KYC requirements. 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 Forex and FX options trading. Advanced analytics (last day's cryptocurrency price, trading history) creates favorable conditions for effective 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 completed in a month, the lower the commission for all transactions completed thereafter;
Portfel  Sim;
Method of payment Topping up your account with a bank card or withdrawing to a card is not possible for users in some countries;
Security The administration strongly recommends that you equip your account with two-factor authentication;
Mobile application Available under

 Kucoin

This young exchange was founded in 2017. 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 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). Holders of KCS coins receive trading discounts.

Kucoin 
Cryptocurrencies Over 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 fee of 0.10%, which is lower than the industry average.
Portfel  Internal crypto wallet;
Method of payment Variety of payment methods supported by P2P fiat services;
Security The Exchange offers you the ability to set up two-factor authentication through Google Authenticator.
Mobile application Available under

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 that you receive on a computer without a 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. It currently serves over 1.2 million customers, but through investment it hopes to expand its customer base. The company has a European PSD2 license, and the resource is equipped with modern security methods and ways to protect your account from hacking. The exchange has its own Bitpanda Ecosystem Token (BEST), whose holders can get a 25% discount on trading.

Bitpanda
Cryptocurrencies Bitcoin, Ethereum and more than 30 digital assets;
Commissions and fees The commission for the trading service depends on the type of currency and the type of transaction. When you buy bitcoin you pay 1.49%, when you sell you pay 1.29%; the zeroing and withdrawal commission is fixed for each currency and is taken from your account;
Portfel  Bitpanda cryptocurrency wallet
Method of payment You can make the payment by bank transfer, credit card or through electronic payment systems;
Security Bitpanda refers to systems that self-manage user wallet keys. Additionally, the following security measures are offered:Cold Storage;Session Control. Each login attempt from a new device requires confirmation of two-factor authentication; authentication and approval by email;
Mobile application Sim

Coinmama

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

Coinmama 
Cryptocurrencies The platform sells Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos und EOS;
Commissions and fees There is a 5% service fee when using credit or debit cards. Besides, the platform charges 3.90% for buying coins and 0.9% for selling them;
Portfolio Nie;
Method of payment Credit/debit cards and wire transfers; supports SEPA and SWIFT payments;
Security Coinmama is a reputable company with a secure website that uses Trust Guard and Comodo technologies. 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 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 user interface on the site 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 and offers a favorable exchange rate to GBP, USD, EUR. The site supports SEPA and SWIFT payments. HitBTC uses various advertising methods to attract traders, including active advertising on social networks.

Hitbtc 
Cryptocurrencies There are 800 currency pairs traded on the platform today;
Commissions and fees No commission on deposits and fixed commission on withdrawals, depending on the currency;HitBTC uses a tiered system to calculate trading fees. The more a user trades, the lower their commission is;
Portfolio No cryptocurrency wallet;
Method of payment The HitBTC exchange can only be powered by digital currency;
Security The platform offers 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, founded in 2014 by Estonian and American entrepreneurs. Paxful's main goal is to create a transparent and secure platform where 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 i Tether
Commissions and fees There is a commission for selling cryptocurrencies:0.5% for bank transfers;1% for bank cards and electronic payments;3-5% for gift cards;There is no commission for purchasing 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 in your 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 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, please carefully check the conditions for registration and withdrawal of funds. It is important to read user reviews and check whether they have been involved in scams or fallen victim to hacking attacks. You should also make sure that the exchange has a high turnover. And please always remember that an exchange is not a safe way to store cryptocurrency. It is highly recommended that you choose resources that have a cold wallet and reliable security methods.

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