Cryptocurrency platform 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 constantly appear offering the opportunity to buy them for fiat currencies or to exchange them for fiat currencies. 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 platforms operate similarly to currency, commodity and stock exchanges: prices are set by the market based on the supply/demand principle for each token. Here is a list of the largest cryptocurrency exchanges.

Hong Kong is a key jurisdiction in the cryptocurrency industry, with a large number of companies based here, 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, through its two divisions, offers two types of services: 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. 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, a fixed percentage rate is entered. Amount varies depending on payment method.
Portfolio  Free on 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 other payment systems. SEPA credit 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 world's leading cryptocurrency exchanges. The trading volume exceeds $40 billion. Coinbase is available to traders in 32 different countries, mostly in Europe and North America. There are 740 different cryptocurrency and fiat pairs to trade on the platform. One of the winning features of the site is that it adds new coins almost every week. 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 currency pairs, including BNB's own token;
Fees and charges 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 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. Its headquarters are located 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 to more than 25 cryptocurrency exchanges. This service has attracted 4 million customers in two hundred countries. Overall, Kraken focuses on traders trading the best cryptocurrency assets.

Kraken
Cryptocurrencies There are 8 tokens 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 money transfers via bank. Deposit/withdrawal via bank cards is not available;
Security The exchange offers users two-factor authentication (2FA), PGP encryption and a global configuration 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 all started with a simple online exchange. But the service quickly gained popularity and the following year it expanded its functionality to a full-fledged exchange. The Bittrex trading platform has many financial, trading and analytical tools for successful trading. In June, the trading volume 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: USD, EUR, BTC, ETH and USDT (ERC-20 Tether); several ERC-20 tokens and many other independent coins.

Bittrex
Cryptocurrencies More than 250 trading pairs are 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 for euro the SEPA transfer is supported.Commission for withdrawal depends on the selected 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;
Portfolio  There is no cryptocurrency wallet;
Payment method Bank transfers, credit/debit cards;
Security Two Factor Authentication (2FA); IP verification, requiring confirmation of login from new IP address via 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 resource offering 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, averaging between $2 billion and $4 billion a day. The exchange has its own insurance fund, which currently manages more than 31,000 bitcoins. It is used to hedge positions liquidated on the platform. Because of the ability to trade on margin with 100x 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 charged 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 Other than cryptocurrencies, BitMEX does not accept any other types of deposits;
Security Funds are stored in cold wallets;Two-factor authentication;Registration via SMS-notifications;Multiple-signature transaction wallets;Email correspondence is encrypted via PGP-encryption;
Mobile application BitMEX Mobile was launched in September 2020.

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

 Bitfinex

This cryptocurrency exchange was founded in 2012 in Hong Kong. It is well known for its work with the project Tether (USDT). 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, here you will find a number of serious financial instruments. On Bitfinex you can apply short-term strategies and try to invest for the long term.

Bitfinex 
Cryptocurrencies Over 140 coins and 300 pairs of quotes;
Fees and charges There are no additional commissions for deposits and withdrawals in digital currencies. When depositing dollars you must pay a commission of 0.1%, but not less than $20;The minimum fee when withdrawing fiat money is $60;With a minimum monthly turnover of currencies the trading commission is 0.1% for the creator and 0.2% for the acceptor;
Portfolio Users have three portfolios to choose from: the Exchange Portfolio, the Margin Portfolio and the Financing Portfolio;
Payment method In addition to cryptocurrencies, bank transfers and card withdrawals are 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, inaccessible to hackers. Making these wallets accessible requires manual authorization from multiple members of the management team;
Mobile application Available.

 Localbitcoins

LocalBitcoins was founded in 2012 in Finland. 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 the fiat currencies that officially exist in the world. 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 to the buyer. Sellers are charged a commission of 1% of each sale.
Portfolio  Why Bitcoin
Payment method Bank transfers, bank cards, electronic systems;
Security Transaction security is provided by the escrow method, which has proven effective; user accounts are protected by two-factor authentication.
Mobile application

Poloniex

This is an American cryptocurrency exchange that entered the market in 2014. In addition to the traditional spot exchange, the resource offers margin trading, as well as options for those wishing to borrow their funds. In 2018, the company was acquired by Circle Internet Financial Limited. And following this, 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 and options trading. Extensive analytics (cryptocurrency price for the last day, trading history) creates a favorable environment for efficient trading.

Poloniex
Cryptocurrencies Over 100 currency pairs
Fees and charges All deposits are allowed with no additional commissions;Withdrawal commission is fixed and depends on cryptocurrency type;Trading commission is from 0 to 0,25%;Producer commission is from 0% to 0,15%;Recipient commission is from 0,1% to 0,25%;The more amount of transactions per month, the lower commission for all further transactions made;
Portfolio  So;
Payment method Deposits by bank card or withdrawals by card are not available to users in some countries;
Security We strongly recommend that you add two-factor authentication to your account;
Mobile application Available at

 Kucoin

This young exchange was created 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 clients to trade more than 450 trading pairs. KuCoin is very popular among new cryptocurrencies that have just passed ICO, The exchange has its own token - KuCoin Shares (KCS). Owners of KCS coins receive discounts when trading.

Kucoin 
Cryptocurrencies Over 200 coins and over 450 pairs of quotes;
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  The inside of a 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 at

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 startup founded in 2014. It has powerful API applications, high-performance servers, and a fully automated real-time ordering system. The site now 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 on transactions.

Bitpanda
Cryptocurrencies Bitcoin, Ethereum and more than 30 other digital assets;
Fees and charges The trading commission of the 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;Deposit and withdrawal fees are fixed for each currency and deducted from 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 user's wallet keys.In addition, the following security measures are offered:Cold background storage;Session control. Each login attempt from a new device requires two-factor authentication confirmation;Authentication and email verification;
Mobile application So

Coinmama

The service began its work in 2013 and since then offers services to buy two of the most popular coins for 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 purchased assets are transferred to an address specified by the user. The service currently has 2.3 million users in 188 countries.

Coinmama
Cryptocurrencies Платформа sprzedaje Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos i 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 So

 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's interface is simple and convenient, as the service was designed for all traders, regardless of their level of professionalism. Potential clients can test demo trades and use analytical 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 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 There is no deposit fee, and the withdrawal fee is fixed and depends on the currency; HitBTC uses a multi-stage system to calculate transaction fees. The more a user trades, the lower his commission will be;
Portfolio There is no cryptocurrency wallet;
Payment method HitBTC exchange can only be topped up with digital currency;
Security The platform offers two-factor authentication, high-end encryption technology and cold storage;
Mobile application Nye

 Paxful

Paxful is an international P2P platform 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 i Tether
Fees and charges For selling cryptocurrencies we 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 sending money 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 More than 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, storage and mandatory verification procedure when working with large volumes.
Mobile application Paxful Wallet dla Android i 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 it has not been involved in fraudulent schemes or has not been subjected to hacking attacks. Another point - make sure the exchange has a high volume of trades. And always remember that an exchange is not a safe way to store cryptocurrencies. It is highly recommended to choose resources that have cold storage of wallets and reliable security methods.

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