Bitcoin trading Hong Kong 2021
          

Cryptocurrencies are becoming more and more popular and more and more people want to invest in this industry. As a result, new websites that offer the possibility to buy or trade them for fiat currencies are popping up all the time. 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 websites work similarly to currency, commodity, and stock exchanges - prices are set by the market based on the supply/demand principle for each token. We bring you a list of the biggest 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. They are currently controlled by the local monetary authority and the Hong Kong Securities and Futures Commission (SFC).

 Coinbase

The platform was founded in 2012 in San Francisco, USA. 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, bank transfers, and even PayPal. Since its inception, the company 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 by trading volume. Since 2018, Coinbase has been 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 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 costs For all transactions under $200, the following fees apply: $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 flat fee applies. The amount depends on the payment method.
Portfolio  Free mobile and online. The advantage of this wallet is that transactions can be made outside the blockchain.
Payment method You can make deposits and withdrawals by bank card, bank transfer and a number of payment systems. SEPA transfers are possible for EU citizens;
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 protected from loss;
Mobile App Mobile applications for Android and iOS.

 Binance

The 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. The trading volume is over USD 40 billion. Coinbase is available to traders from 32 different countries, mainly from Europe and North America. There are 740 different cryptocurrency and fiat pairs that can be traded on the platform. One of the best features of the site is that new coins 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 a particular coin, which then appears on the exchange. Binance's popularity is also influenced by the high speed of order processing, which is almost 1.5 million per second.

Binance
Cryptocurrencies  740 different cryptocurrency and fiat currency pairs, including BNB's own token;
Fees and costs        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  Trust Wallet mobile App;
Payment method Bank transfer, debit/credit cards, various P2P payment channels;
Security One exchange has launched the CryptoSafe Alliance (CSA). The initiative will bring together exchanges, blockchain protocols, cybersecurity experts and compliance companies. It is the first comprehensive tool to monitor and protect against threats in a decentralized exchange environment.
Mobile App The free app is available in the Google Play Store or the App Store.

Kraken

The platform was registered in the USA in 2011 as Payward, Inc. The company's headquarters are located in San Francisco. Today, the exchange has offices in various 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 for more than 25 cryptocurrency exchanges. The service has already gained 4 million customers in two hundred countries. Overall, Kraken focuses on traders trading the best cryptocurrency assets.

Kraken
Cryptocurrencies  Eight tokens are available for trading;
Fees and costs For transactions of less than 50,000 units, a commission of 0.16% is charged to the seller and 0.26% to the buyer. For amounts over 50,000 units, the commission is reduced to 0.14% and 0.24% respectively;
Portfolio  The website does not offer a wallet for cryptocurrencies;
Payment method Cryptocurrency wallets and money transfer 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 any changes to the account for a specified period of time;
Mobile App Kraken Pro and Kraken Futures trading apps.

 Bittrex

This cryptocurrency was developed in New York in 2015. It started with a simple online exchange. But the service quickly became popular and the following year its functionality was expanded to a full-fledged exchange. Bittrex's trading platform has numerous 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 provides safekeeping for users' assets as almost all funds are stored in cold wallets. It is probably one of the safest platforms for exchanging cryptocurrencies, as it was founded by cybersecurity experts. The platform supports five major markets: dollar, euro, BTC, ETH and USDT (Tether ERC-20); various ERC-20 tokens and many other independent coins.

Bittrex
Cryptocurrencies  250+ trading pairs are available;
Fees and costs Deposits to your Euro account are possible via:  SEPA bank transfer; international bank transfer; bank card. Withdrawals of fiat money to your bank account are possible via international bank transfer, while SEPA bank transfer is supported for Euro.Withdrawal fees depend on the cryptocurrency you choose: Bitcoin is 0.0005 BTC and Ethereum is 0.00600000 ETH. There is a fixed fee of 0.25% of your total order value;
Portfolio  No wallet for cryptocurrencies;
Payment method Bank transfers, credit/debit cards;
Security Two-factor authentication (2FA); IP verification, which requires email confirmation of logon from a new IP address; IP whitelisting; Cold storage for 80%-90% of assets;
Mobile App There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.

Bitmex

BitMEX was founded in 2014. The website has established itself as a stable resource that offers maximum opportunities for profitable trading of digital coins. All withdrawals and deposits can be made only in BTC, and users must convert altcoins into bitcoins. Bitmex is currently the leading exchange in terms of trading volume, averaging between $2 billion and $4 billion per day. The exchange has its own insurance fund that currently manages more than 31,000 Bitcoins. This is used to cover liquidated positions on the platform. The ability to trade on the highly volatile cryptocurrency market with 100 times leverage has led many traders to compare trading on the exchange to gambling. Last month, the platform introduced mandatory verification for all account holders, which is expected to be completed by February 2021.

BitMEX
Cryptocurrencies  55 trading pairs;
Fees and costs BitMEX does not charge any deposit or withdrawal fees. BTC withdrawals are subject to a minimum Bitcoin network fee. Merchant fees for recipients are 0.075% of the total order value, and originators pay an additional 0.025% per transaction;
Portfolio BitMEX cryptocurrency wallet
Payment method Apart from cryptocurrencies, BitMEX does not accept any other deposits;
Security Funds stored in cold wallets; two-factor authentication; registration via SMS notifications; transactional wallets with multiple signatures; email correspondence encrypted with PGP encryption;
Mobile App BitMEX Mobile will be launched in September 2020.

The introduction of cryptocurrencies is steadily penetrating all corners of the world, and today the global cryptocurrency market stands at B$351.24.

 Bitfinex

This cryptocurrency exchange was founded in Hong Kong in 2012. It is known for its work with the Tether Project (USDT). The platform offers its users exchange services, transaction security, and supports all major types of coins and tokens. The project is aimed at professional traders and large investors and offers a wide range of reputable financial instruments. On Bitfinex you can apply short-term strategies and try long-term investments.

Bitfinex 
Cryptocurrencies  Over 140 coins and 300 trading pairs;
Fees and costs There are no additional fees for depositing and withdrawing funds in digital coins. For deposits in USD you have to pay a commission of 0.1%, with a minimum of $20;The minimum fee for fiat withdrawals is $60;With a minimum currency turnover per month, the trading fee is 0.1% for the originator and 0.2% for the acceptor;
Portfolio You have a choice of three wallets - Exchange Wallet, Margin Wallet and Financing Wallet;
Payment method 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. These wallets must be manually authorized by multiple members of the management team to be accessed;
Mobile App Available.

 Localbitcoins

LocalBitcoins was founded in Finland in 2012. Its goal was to create a secure platform for trading cryptocurrencies. The website 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 by specifying the exchange rate, payment method, and minimum/maximum transaction amount. Other users select the offers they like and confirm the transaction.

Localbitcoins
Cryptocurrencies                 Bitcoin
Fees and costs The site does not charge commission to the buyer. For sellers there is a commission of 1% of each sale.
Portfolio  Why Bitcoin
Payment method Bank transfers, bank cards, electronic systems;
Security The security of transactions is ensured by the escrow method, which has proven to be effective; user accounts are protected by two-factor authentication.
Mobile App

Poloniex

It is a US-based cryptocurrency exchange that entered the market in 2014. In addition to traditional spot exchanges, the resource 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 since then, the service has introduced a mandatory KYC-compliant verification process. Currently, the daily trading volume is over $13 million and users can trade more than 100 currency pairs. The largest percentage of the audience is interested in forex trading and options. Comprehensive analytics (cryptocurrency rate for the last day, trading history) create a favorable environment for efficient trading.

Poloniex
Cryptocurrencies  100+ currency pairs
Fees and costs All deposits are possible without additional fees;Withdrawal fees are fixed and depend on the type of cryptocurrency;Trading fees range from 0 to 0.25%;Producer fees range from 0% to 0.15%;Receiver fees range from 0.1% to 0.25%;The higher the number of completed transactions in a month, the lower the fees for all subsequent completed transactions;
Portfolio  Right;
Payment method Deposits from a bank card or withdrawals to a card are not possible for users in some countries;
Security The administration strongly recommends that you add two-factor authentication to your account;
Mobile App Available from

 Kucoin

This young exchange was founded in 2017. Although 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 world's largest selection of trading pairs and allows its clients to trade more than 450 trading pairs. KuCoin is very popular with new cryptocurrencies that have just gone through ICOs. The exchange has its own token, KuCoin Shares (KCS). Owners of KCS tokens receive trading discounts.

Kucoin 
Cryptocurrencies  200+ coins and 450+ trading pairs;
Fees and costs All deposits on 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.
Portfolio  The inside of a cryptocurrency wallet;
Payment method The variety of payment methods supported by fiat P2P services;
Security The Exchange gives you the option to set up two-factor authentication via Google Authenticator.
Mobile App Available from

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 obtain on a computer without a network connection.

 Bitpanda

It is an Austrian start-up founded in 2014. It has powerful API applications, high-performance servers and a fully automated real-time ordering system. The website now serves more than 1.2 million customers, but with investment it hopes to expand its customer base. The company has a European PSD2 license, and the resource 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), whose owners can get a 25% discount on transactions.

Bitpanda
Cryptocurrencies  Bitcoin, Ethereum and 30+ digital assets;
Fees and costs The service's trading fee depends on the type of currency and the type of transaction. You pay 1.49% when buying bitcoin and 1.29% when selling bitcoin; deposit and withdrawal fees are set for each coin and are charged to your account;
Portfolio  Bitpanda cryptocurrency wallet
Payment method Payment can be made by bank transfer, credit card or electronic payment system;
Security Bitpanda refers to systems that independently manage the user's wallet keys. It also offers the following security measures: Cold storage of funds; session control. Each login attempt from a new device requires confirmation of two-factor authentication; authentication and email verification;
Mobile App Also

Coinmama

The service was launched in 2013 and since then it offers the possibility to buy two of the most popular currencies with 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 an integrated wallet. The purchased assets are transferred to an address specified 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 und EOS;
Fees and costs       When using credit or debit cards, a 5% service fee is charged. In addition, the platform charges 3.90% for the purchase of coins and 0.9% for their sale;
Portfolio Ni;
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 data;
Mobile App Also

 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 website's interface is simple and easy to use, as the service is designed for all traders, regardless of their level of professionalism. Potential clients can try demo trading and use analytical tools to get a better understanding of 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 website supports SEPA and SWIFT payments. HitBTC uses various advertising methods to attract traders, including active social media advertising.

Hitbtc 
Cryptocurrencies  Today, 800 currency pairs are traded on the platform;
Fees and costs No deposit fee and fixed withdrawal fee depending on the coin; HitBTC uses a tiered system to calculate trading fees. The more a user trades, the lower his commission;
Portfolio No wallet for cryptocurrencies;
Payment method The HitBTC exchange can be topped up with digital currencies only;
Security The platform offers two-factor authentication, high-end encryption technology and cold storage;
Mobile App Nye

 Paxful

Paxful is an international P2P platform for buying and selling Bitcoin, founded 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 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 und Tether
Fees and costs          Selling fees for cryptocurrencies:0.5% for bank transfers;1% for bank cards and e-payment;3-5% for gift cards;No commission for cryptocurrency purchases;Paxful charges a 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
Portfolio The Paxful Wallet app makes it easy to store and manage coins with a mobile cryptocurrency wallet;
Payment method 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 ensured by two-factor authentication, top-up and a mandatory verification procedure when handling large amounts of money.
Mobile App Paxful Wallet for Android and iOS.

When choosing an exchange, it is important that you read the registration and withdrawal terms carefully. It is important to read user reviews and check if the company is involved in fraudulent activities or has been a victim of hacker attacks. Also, make sure that the exchange has a high trading volume. And always remember that an exchange is not a safe place to store cryptocurrencies. It is highly recommended that you choose resources that have cold wallet storage and robust security procedures.

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