Cryptocurrency exchange Hong Kong 2021
          

Cryptocurrency continues to grow in popularity and more and more people want to invest in this industry. As a result, new sites that offer the possibility to buy them or exchange them for fiat currency are appearing 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 opportunity to store coins in personal wallets. These sites operate in much the same way as currency, commodity and stock exchanges: prices are determined by the market, based on the supply/demand principle for each token. We offer a list of the largest cryptocurrency exchanges.

Hong Kong is one of the leading jurisdictions in the cryptocurrency industry: a large number of companies are based here, including exchanges, OTC platforms and brokers. They are currently supervised by the local foreign exchange commission 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 bank cards, bank transfers and even PayPal. Throughout its existence, it has served some 30 million customers and achieved sales of $150 billion. One of the company's products, Coinbase PRO, is the largest cryptocurrency exchange in terms of trading volume. As of 2018, Coinbase is authorized by the UK's Financial Conduct Authority (FCA) to operate 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 on fees For all transactions under $200 the following fees will be charged: $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 will be added. The amount depends on the method of payment.
Portfel  Free on mobile and online. The advantage of this wallet is that transactions can be made outside the blockchain.
Method of payment You can deposit and withdraw money with a bank card, bank transfer and a number of payment systems. SEPA transfers are available for EU residents;
Security Two-factor authentication; All traffic on the site is encrypted with SSL cryptographic protocol; All wallet keys are protected with AES-256 encryption; Only 2% of your customers' cryptocurrency funds are stored online and are insured 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 will be the undisputed leader in terms of trading volume and number of users among the world's leading cryptocurrency exchanges. The trading volume is more than $40 billion. Coinbase is available to traders from 32 different countries, mainly from Europe and North America. 740 different cryptocurrency and fiat pairs can be traded on the platform. One of the site's winning features is that it adds new coins almost every week. The news is constantly reported on the company's official Twitter account. Sometimes users are even asked to vote for some coin, which then appears on the exchange. Binance's popularity is also influenced by its high order processing speed, which stands at almost 1.5 million per second.

Binance
Cryptocurrencies 740 different cryptocurrency and fiat currency pairs, including BNB's own token;
Commissions on fees Binance offers competitive transaction fees (commissions): 0.1% on each side of the transaction or 0.075% if you use your Binance tokens (BNB);
Portfel  Trust Wallet mobile application;
Method of payment Bank transfer, debit/credit cards, various P2P payment channels;
Security The exchange has created 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 the United States in 2011 as Payward, Inc. and 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, charting and trading services to more than 25 cryptocurrency exchanges. This service has attracted 4 million customers in two hundred countries. Overall, Kraken focuses on traders who trade the best cryptocurrency assets.

Kraken
Cryptocurrencies There are 8 tokens available for trading;
Commissions on fees Transactions of less than 50,000 units of a 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;
Portfel  No cryptocurrency wallet is offered on the site;
Method of payment Cryptocurrency wallets and money transfer via bank wire. It is not possible to deposit/withdraw via bank cards;
Security The exchange offers users two-factor authentication (2FA), PGP encryption and a global configuration lock that prevents changes to the account within a certain period of time;
Mobile application Kraken Pro and Kraken Futures trading applications.

 Bittrex

This cryptocurrency started in New York in 2015. It started as a simple online exchange. But the service quickly gained popularity and expanded its functionality to become a full-fledged exchange the following year. Bittrex's trading platform features a variety of financial, trading and analytical tools for successful trading. In June, trading volume exceeded $51 million. It allows its clients to work with a large number of trading pairs. Bittrex offers reliable custody of users' assets, as almost all funds are stored in cold wallets. It is probably one of the most secure platforms for cryptocurrency exchange, 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 trading pairs are available;
Commissions on fees Updating your account in euros is possible via: SEPA transfer; international bank transfer; bank card. Withdrawing money from your bank account is possible via international bank transfer, and for euros SEPA transfer is supported. The withdrawal fee depends on the chosen cryptocurrency: for bitcoin it is 0,0005 BTC, for Ethereum - 0,00600000 ETH. The site has a fixed trading commission of 0,25% of the total order value;
Portfel  There is no cryptocurrency wallet;
Method of payment Bank transfers, credit/debit cards;
Security Two-factor authentication (2FA);IP verification requiring email confirmation when entering 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 source offering maximum opportunities for profitable trading of digital currencies. All withdrawals and additions can only be made in BTC, and users must convert altcoins into bitcoins. Currently, the Bitmex exchange ranks first in terms of trading volume, averaging between $2 billion and $4 billion per day. 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 in the highly volatile cryptocurrency market with 100 times margin leverage, 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 commercial pairs;
Commissions on fees BitMEX does not charge commissions for deposits and withdrawals. A minimal Bitcoin Network commission is charged on BTC withdrawals; trading commissions for recipients are 0.075% of the total order value, while creators pay an additional 0.025% per transaction;
Portfel BitMEX criptodivisa portemonnee
Method of payment Apart from cryptocurrencies, BitMEX does not accept any other type of deposit;
Security Funds are stored in cold wallets;Two-factor authentication;Registration via SMS messaging;Multi-signature transaction wallets;Email communication is encrypted with PGP encryption;
Mobile application BitMEX Mobile will be launched in September 2020.

The adoption of cryptocurrencies is steadily penetrating every corner of the globe, and as of today, the global cryptocurrency market capitalization stands at A$351.24.

 Bitfinex

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

Bitfinex 
Cryptocurrencies More than 140 coins and 300 pairs of quotations;
Commissions on fees There are no additional commissions for deposits and withdrawals in digital currencies. When depositing USD, you have to pay a commission of 0.1%, but not less than $20;The minimum commission for withdrawing fiat money is $60;For a minimum turnover of currencies per month, the trading commission is 0.1% for the creator and 0.2% for the acceptor;
Portfel Users can choose from three portfolios: Exchange Portfolio, Margin Portfolio and Finance Portfolio;
Method of payment 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, out of hackers' reach. Manual approval from several members of the management team is required to make these wallets available;
Mobile application Available.

 Localbitcoins

LocalBitcoins was founded in Finland in 2012. Its goal 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 exchange Bitcoin against any fiat currency that officially exists in the world. Users place orders to buy and sell Bitcoin, specifying the exchange rate, payment method and minimum/maximum transaction amount. Other users choose their preferred offers and confirm the transaction.

Localbitcoins
Cryptocurrencies Bitcoin
Commissions on fees The website does not charge commission to the buyer. A commission of 1% of each sale is established for sellers.
Portfel  Why Bitcoin
Method of payment Bank transfers, bank cards, electronic systems;
Security Transactions are secured by the escrow method, which has proven to be very effective; user accounts are protected by two-factor authentication.
Mobile application

Poloniex

It is a US-based cryptocurrency exchange, which entered the market in 2014. In addition to traditional spot trading, 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 after that, the service introduced a mandatory verification procedure according to KYC regulations. 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 and options trading. Advanced analytics (last day's cryptocurrency price, trading history) create a favorable environment for efficient trading.

Poloniex 
Cryptocurrencies More than 100 castings appeared
Commissions on fees All deposits are allowed without additional fees;Withdrawal fees are fixed and depend on the type of cryptocurrency;Trading commission ranges from 0 to 0.25%;Producer commission ranges from 0% to 0.15%;Receiver commission ranges from 0.1% to 0.25%;The higher the number of completed transactions in a month, the lower the commission for all subsequent completed transactions;
Portfel  Tak;
Method of payment Updating with a bank card or withdrawing money with a card is not possible for users in some countries;
Security The administration strongly recommends adding two-factor authentication to your account;
Mobile application Available

 Kucoin

This young exchange was founded 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, and allows its customers to trade more than 450 trading pairs. KuCoin is very popular among new cryptocurrencies that have just completed an ICO, The exchange has its own token - KuCoin Shares (KCS). Holders of KCS tokens receive discounts on trading.

Kucoin 
Cryptocurrencies More than 200 coins and more than 450 pairs of quotations;
Commissions on fees All deposits on the site are free and there is a flat fee for withdrawals; KuCoin offers a flat trading fee of 0.10%, which is lower than the industry average.
Portfel  The interior of a cryptocurrency wallet;
Method of payment Variety of payment methods supported by fiat P2P services;
Security The Exchange offers you the possibility to set up two-factor authentication through Google Authenticator.
Mobile application Available

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 it involves keys obtained on a computer with no connection to the network.

 Bitpanda

It is an Austrian startup, 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 with investments it expects to expand its customer base. The company has a European PSD2 license, the source is equipped with modern security methods and ways to protect your account from hackers. The exchange has its own Bitpanda Ecosystem Token (BEST), the holders of which can get a 25% discount on transactions.

Bitpanda
Cryptocurrencies Bitcoin, Ethereum en 30+ digitale activa;
Commissions on fees The service trading commission depends on the type of currency and the nature of the transaction. When buying bitcoin is paid 1.49%, when selling - 1.29%;Commissions for recharge and withdrawal are set for each currency and charged to your account;
Portfel  Bitpanda cryptocurrency portemonnee;
Method of payment Payment can be made by bank transfer, credit card or electronic payment system;
Security Bitpanda refers to systems that manage the user's own wallet keys and offers the following security measures:Cold storage of the background;Session control. Each login attempt from a new device requires confirmation of two-factor authentication;Email authentication and validation;
Mobile application Tak.

Coinmama

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

Coinmama 
Cryptocurrencies Plataforma sprzedaje Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos i EOS;
Commissions on fees When using credit or debit cards, a 5% service fee is charged, and the platform charges 3.90% for the purchase of coins and 0.9% for their sale;
Portfel Nie;
Method of payment Credit/debit cards and bank transfers; SEPA and SWIFT payments supported;
Security Coinmama is a reputable company with a secure website using Trust Guard and Comodo technology. Both sites have confirmed that 256-bit SSL encryption is actively used on pages containing personal information;
Mobile application Tak

 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 interface is simple and user-friendly, as the service is designed for all traders, regardless of their level of professionalism. Potential clients 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 favorable exchange rates 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  Today there are 800 currency pairs traded on the platform;
Commissions on fees  There is no commission on deposits and a fixed commission on withdrawals, depending on the currency; HitBTC uses a multi-stage system to calculate commissions on trades. The more a user trades, the lower his commission will be;
Portfel There is no cryptocurrency wallet;
Method of payment The HitBTC exchange can only be reloaded with digital currency;
Security The platform offers 2-factor authentication, high-end encryption technology and cold storage;
Mobile application  Nie

 Paxful

Paxful is an international P2P marketplace for buying and selling Bitcoin, launched in 2014 by Estonian and American entrepreneurs. Paxful's main goal is to create a transparent and secure platform through which anyone can buy Bitcoin 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 i Tether;
Commissions on fees  A commission is charged when selling cryptocurrencies:0.5% for bank transfers;1% for debit cards and electronic payments;3-5% for gift cards;No commission is charged when buying cryptocurrencies;Paxful charges fees for transferring money to an external wallet.$0 - $9.99 = 0.0001 BTC $10 - $19.99 = 0.0002 BTC Over $20 = 0.0005 BTC.
Portfel The Paxful Wallet app makes it easy to store and manage coins with a 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 two-factor authentication, the deposit and a mandatory verification procedure when large quantities are handled.
Mobile application  Paxful Wallet dla Android i iOS.

When choosing a stock exchange, it is important that you carefully read the conditions of registration and withdrawal. It is important to read user reviews and check whether it has been involved in fraudulent schemes or has been subject to hacker attacks. Another thing is to make sure that the exchange has a high trading volume. And always remember that an 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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