Cryptocurrency exchange Hong Kong 2021
          

The popularity of cryptocurrency continues to grow, and more and more people want to invest in this industry. As a result, new sites that offer the opportunity to buy them for fiat currencies or to exchange them constantly appear. 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 operate similarly to currency exchanges, commodity exchanges, and stock exchanges - prices are set by the market, based on supply/demand 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 very large number of companies based here, including exchanges, OTC platforms and brokers. They are currently controlled 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 provides 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 about 30 million customers and reached a turnover of $150 billion. One of the company's products, Coinbase PRO, is the leading cryptocurrency exchange by trading volume. As of 2018, Coinbase is authorized by the UK Financial Conduct Authority (FCA) to operate as a financial services organization. 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 charges All transactions under $200 have the following fees: $0.99 for transactions under $10;$1.49 for transactions $10 to $25;$1.99 for transactions $25 to $50;$2.99 for transactions $50 to $200.For transactions over $200 there is a fixed percentage rate. It depends on the payment method.
Portfolio  Free 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, bank 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 your customers' cryptocurrency funds are kept online and secured 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 leading cryptocurrency exchanges in the world. Its turnover exceeds $40 billion. Coinbase is available to traders from 32 different countries, mostly from Europe and North America. You can trade 740 different pairs of cryptocurrencies and fiat currencies on the platform. One of the advantages of this site is that it adds new currencies almost every week. This news is constantly reported on the company's official Twitter account. Sometimes users are even asked 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.

Binance
Cryptocurrencies 740 different cryptocurrency and fiat pairs, including the BNB token itself;
Fees and charges Silo offers competitive trading fees (commissions): 0.1% on both sides of the transaction or 0.075% if you use their transport tokens (BNB);
Portfolio  Application of the mobile trust portfolio;
Payment method Bank transfer, debit/credit cards, various P2P payment channels;
Security An 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 on the Google Play Store or App Store.

Kraken

The platform was registered in 2011 in the United States as Payward, Inc. The company is headquartered in San Francisco. Today, 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 from more than 25 cryptocurrency exchanges. The service has acquired four million customers in two hundred countries. In general, Kraken focuses on traders who trade high-end cryptocurrency assets.

Kraken
Cryptocurrencies Eight tokens are available for trading;
Fees and charges Transactions of less than 50,000 units of currency are subject to commissions of 0.16% for the seller and 0.26% for the buyer; for amounts over 50,000 units, 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 bank cards are not available;
Security The exchange offers users two-factor authentication (2FA), PGP encryption and a global settings lock, which prevents any changes to the account for a certain period of time;
Mobile application Kraken Pro and Kraken Futures trading apps.

 Bittrex

This cryptocurrency appeared 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 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 exchange 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 There are more than 250 retail parks available;
Fees and charges Depositing to your euro account is possible via:  SEPA transfer; international bank transfer; bank card. Withdrawing fiat money is possible to your bank account via international bank transfer and SEPA transfer is supported for euro.Withdrawal fee depends on the chosen cryptocurrency: in bitcoin it's 0,0005 BTC, in Ethereum it's 0,00600000 ETH. The site has a fixed merchant commission of 0,25% of the total order amount;
Portfolio  No cryptocurrency wallet;
Payment method Bank transfers, credit/debit cards;
Security Two-factor authentication (2FA); IP verification requiring confirmation of new IP address by incoming email;    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 established itself as a stable source that offers maximum opportunities for profitable trading in digital currencies. All withdrawals and deposits can only be made in BTC, and users must convert altcoins to bitcoins. The Bitmex exchange currently ranks first in terms of trading volume, with average daily volume ranging from $2 billion to $4 billion. The exchange has its own insurance fund, which currently manages more than 31,000 bitcoins. It is used to hedge liquidated positions on the platform. Because of the ability to hedge trades 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 for all account holders, to be completed by February 2021.

BitMEX
Cryptocurrencies 55 trading pairs;
Fees and charges BitMEX does not charge any deposit or withdrawal fees. BTC withdrawals are subject to a minimum Bitcoin Network fee; trade 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 any other deposits;
Security Funds are stored in cold wallets;two-factor authentication;registration via SMS-notification;wallets with multiple signatures for transactions;e-mail is encrypted using PGP-encryption;
Mobile application BitMEX Mobile, launching in September 2020.

The adoption of cryptocurrencies is steadily penetrating all corners of the planet, and today the global cryptocurrency marketplace stands at $351.24 British dollars.

 Bitfinex

This cryptocurrency exchange was founded in 2012 in Hong Kong. It is well known for its work on the Tether (USDT) project. The platform offers its users exchange services, transaction security and supports all major types of coins and tokens. The project is designed for professional traders and large investors and tested on various serious financial instruments. On Bitfinex you can use short-term strategies and try to invest for the long term.

Bitfinex 
Cryptocurrencies Over 140 currencies and 300 trading pairs;
Fees and charges There are no additional commissions for deposits and withdrawals in digital currencies. When depositing in U.S. dollars, you must pay a commission of 0.1%, but not less than 20 USD; the minimum fee for fiat money withdrawal is 60 USD; for the minimum number of coins per month, the commission for trading is 0.1% for the creator and 0.2% for the acceptor;
Portfolio Users have three wallets to choose from - Exchange Wallet, Margin Wallet and Financing Wallet;
Payment method In addition to cryptocurrencies, users can make bank transfers and withdraw cash from 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, inaccessible to hackers. For these wallets to be accessible, manual authorization by multiple 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 in the world fiat currencies. Users place orders to buy and sell bitcoin, 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 charges The site does not charge a commission from the buyer. Sellers are charged a flat commission of 1% of each sale.
Portfolio  Why Bitcoin
Payment method Bank transfers, bank cards, electronic systems;
Security Transaction security is guaranteed by the escrow method, which has proven 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 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 KYC-compliant verification process. Currently, the daily turnover exceeds $13 million, and users can trade more than 100 currency pairs. The largest percentage of the audience is interested in trading currencies and currency options. Extensive analytics (last day's cryptocurrency price, trading history) create a favorable environment for efficient trading.

Poloniex
Cryptocurrencies                               Over 100 currency pairs
Fees and charges Withdrawal fee is fixed and depends on the type of cryptocurrency; merchant fee is from 0 to 0.25%; producer fee is from 0% to 0.15%; borrower fee is from 0.1% to 0.25%; the higher the amount of transactions made during the month, the lower the fee for all subsequent transactions;
Portfolio  Sim;
Payment method Depositing from a bank card or withdrawing to 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

 Kucoin

This young exchange was founded 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 token - KuCoin Shares (KCS). Owners of KCS coins receive trading discounts.

Kucoin 
Cryptocurrencies Over 200 currencies and more than 450 trading pairs;
Fees and charges     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  Internal cryptocurrency wallet;
Payment method A variety of payment methods supported by fiat P2P services;
Security The exchange offers you the opportunity to set up two-factor authentication through Google Authenticator.
Mobile application Available on

Cold storage in the strict sense is the transfer of bitcoin to addresses with a private key that can never be compromised (disclosed). In its simplest form, these are keys obtained 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. The site currently serves more than 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 owners can get 25% discount for trading.

Bitpanda
Cryptocurrencies                   Bitcoin, Ethereum and more than 30 digital assets;
Fees and charges The commission for the trading service depends on the type of currency and the nature of the transaction. You pay 1.49% when buying bitcoin and 1.29% when selling bitcoin; zeroing and withdrawal fees are fixed for each currency and charged to your account;
Portfolio  Bitpanda cryptocurrency wallet
Payment method Payment can be made by bank transfer, credit cards or electronic payment systems;
Security Bitpanda refers to systems that independently manage user's wallet keys. In addition, the following security measures are offered:Cold storage;Session control. Each login attempt from a new device requires two-factor authentication confirmation;Authentication and email verification;
Mobile application Yes

Coinmama

The service was launched in 2013 and since then it 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 currencies. The platform does not even have a built-in wallet, and 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 e EOS;
Fees and charges There is a 5% service charge for using credit or debit cards. In addition, the platform charges 3.90% for buying coins and 0.9% for selling them;
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 using Trust Guard and Comodo technologies. Both sites have confirmed that 256-bit SSL encryption is actively used on pages containing personal information;
Mobile application Yes

 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 site'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 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 different promotion methods to attract traders, including active advertising in social networks.

Hitbtc 
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 to calculate trading commissions. The more a user trades, the lower his 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, high-level encryption technology and cold storage;
Mobile application Nye

 Paxful

Paxful is an international P2P marketplace for buying and selling bitcoin, launched 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 and the tester
Fees and charges Cryptocurrency sales charge: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 funds transfers 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 purchase 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 Wallet for Android and iOS.

When choosing an exchange, it is important to carefully read the terms 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 subjected to hacking attacks. Another point - 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 to choose resources that have cold storage of wallets and reliable security methods.

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