Cryptocurrency platforms Hong Kong 2021
Crypto-currencies are becoming increasingly popular and more and more people want to invest in this sector. As a result, new services are constantly emerging that offer the opportunity to buy or exchange them for fiat currencies. A crypto-currency exchange is a place where a user can buy and sell digital currencies online. In addition to trading crypto-currencies, crypto-currency exchanges also offer the ability to store coins in personal wallets. These sites operate in the same way as currency, commodity and stock exchanges - prices are determined by the market, based on the principle of supply and demand for each token. We provide you with a list of the largest crypto-currency exchanges.
Hong Kong is one of the most important jurisdictions in the crypto-currency industry - a huge number of companies are based there, including exchanges, OTC platforms and brokers. They are currently supervised by the local monetary authority and the Hong Kong Securities and Futures Commission (SFC).
The platform was launched in 2012 in San Francisco, USA. Coinbase offers two types of services through its two divisions: buying crypto-currencies through the Coinbase crypto exchange service (which includes a crypto-currency wallet) and trading through the Coinbase Pro crypto exchange service. It offers a simple coin exchange mechanism and supports common payment methods such as credit cards, bank transfers and even PayPal. During its existence, the company has served about 30 million customers and generated $150 billion in revenue. One of the company's products - Coinbase PRO - is the leading crypto-currency exchange in terms of trading volume. Since 2018, Coinbase has been licensed by the UK Financial Conduct Authority (FCA) as a financial services company. Currently, the platform serves over 10 million customers.
|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).|
|Commissions on fees||For all transactions under $200, the following fees will be charged:$0.99 - for transactions under $10.00;$1.49 - for transactions between $10 and $25.00;$1.99 - for transactions between $25 and $50.00;$2.99 - for transactions between $50 and $200.For transactions over $200.00, a fixed interest rate will be charged. The amount depends on the payment method.|
|Portfolio||Free on mobile and online. The advantage of this wallet is that transactions can be made outside the blockchain.|
|Method of payment||You can make deposits and withdrawals by credit card, bank transfer and a range of payment systems. SEPA transfers are available for EU citizens;|
|Security||Two-factor authentication; All website traffic is encrypted using SSL cryptographic protocol; All wallet keys are protected with AES-256 encryption; Only 2% of customers' crypto-currency funds are stored online and are insured in case of loss ;|
|Application mobile||Mobile apps for Android and iOS.|
The exchange was founded in 2012 and now serves over 12 million traders. From 2018 to 2020, Binance is the undisputed leader of the world's top crypto-currency exchanges in terms of trading volume and number of users. Its trading volume exceeds $40 billion. Coinbase is accessible to traders from 32 different countries, mainly from Europe and North America. There are 740 different crypto and fiat pairs available for trading on the platform. One of the best features of the site is that new coins are added almost every week. These news are constantly posted on the company's official Twitter account. Sometimes, users are even invited to vote for a 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.
|Cryptocurrencies||740 different pairs of crypto and fiat, including the NBB's own token;|
|Commissions on fees||Binance offers competitive transaction fees (commissions): 0.1% on each side of the transaction or 0.075% when using your Binance tokens (BNB);|
|Portfolio||Application mobile Trust Wallet ;|
|Method of payment||Bank transfer, debit/credit cards, various P2P payment channels;|
|Security||The exchange has launched the CryptoSafe Alliance (CSA). This initiative brings together exchanges, blockchain protocols, cybersecurity experts and compliance firms. It is the first comprehensive tool for monitoring and protecting against threats in a decentralized data exchange environment.|
|Application mobile||A free app is available in the Google Play Store or App Store.|
The platform was registered in the United States in 2011 as Payward, Inc. and is headquartered in San Francisco. To date, 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 crypto-currency market data, charts and trading services for over 25 crypto-currency exchanges. The service has attracted 4 million customers in two hundred countries. In general, Kraken focuses on traders trading the major cryptocurrencies.
|Cryptocurrencies||8 tokens are available for trade;|
|Commissions on fees||For transactions of less than 50,000 units of a given currency, a commission of 0.16% for the seller and 0.26% for the buyer applies; for amounts above 50,000 units, the commissions are reduced to 0.14% and 0.24% respectively;|
|Portfolio||No crypto-currency wallet is offered on the site;|
|Method of payment||Crypto-currency wallets and money transfers via bank transfer. Deposits/withdrawals by credit card are not possible;|
|Security||It provides users with two-factor authentication (2FA), PGP encryption, and a global settings lock that prevents account changes within a certain time frame;|
|Application mobile||Les applications de trading Kraken Pro et Kraken Futures.|
The crypto-currency began operating in New York in 2015 as a pure internet exchange. But the service quickly became popular and the following year, its functionality was expanded to the level of a full-fledged exchange. Bittrex's trading platform has a variety of financial, business and analytical tools for successful trading. In June, its trading volume exceeded $51 million. It allows its customers to work with a large number of trading pairs. Bittrex offers reliable storage of users' funds as almost all funds are stored in cold wallets. It is probably one of the most secure platforms for crypto-currency trading, as it was founded by cybersecurity experts. The platform supports five core markets: dollar, euro, BTC, ETH and USDT (Tether ERC-20); various ERC-20 tokens and many other independent coins.
|Cryptocurrencies||Over 250 transaction pairs are available;|
|Commissions on fees||Funding your account in euros can be done by: SEPA transfer; international bank transfer; bank card. Withdrawing fiat money from a bank account can be done by international bank transfer, and SEPA transfer is supported for euros. Withdrawal fees depend on the selected cryptocurrency: in Bitcoin they are 0.0005 BTC, in Ethereum - 0.00600000 ETH. The website charges a fixed transaction fee of 0.25% of the total value of the order;|
|Portfolio||No crypto-currency wallet;|
|Method of payment||Bank transfers, credit/debit cards;|
|Security||Two-factor authentication (2FA);IP verification requiring email confirmation of new IP address entry; IP whitelists; Cold storage for 80-90% of assets;|
|Application mobile||There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.|
BitMEX was founded in 2014. The website 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 have to convert altcoins into bitcoins. Currently, the Bitmex exchange holds a leading position in terms of trading volume, which averages between $2 billion and $4 billion per day. The exchange has its own insurance fund, which currently manages over 31,000 bitcoins. It is used to cover liquidated positions on the platform. Because of the ability to trade on margin with 100 times leverage in a highly volatile crypto-currency 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.
|Cryptocurrencies||55 trading pairs;|
|Commissions on fees||BitMEX does not charge fees for deposits or withdrawals. A minimal Bitcoin network commission is charged when withdrawing BTC. The trading commission for takers is 0.075% of the total order value, while makers receive an additional 0.025% for each transaction;|
|Portfolio||BitMEX Crypto Wallet|
|Method of payment||Apart from crypto-currencies, BitMEX does not accept other deposits;|
|Security||Funds are stored in cold wallets; two-factor authentication; SMS enrollment; wallets with multiple signatures for transactions; email communication is encrypted with PGP encryption;|
|Application mobile||BitMEX Mobile will be launched in September 2020.|
The adoption of crypto-currencies continues to penetrate every corner of the planet, and today the capitalization of the global crypto-currency market is $351.24 billion.
This crypto-currency exchange was founded in Hong Kong in 2012. It is known for its collaboration with the Tether (USDT) project. 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 has a proven track record of offering a wide range of reputable financial instruments. At Bitfinex, you can apply short strategies and try long-term investments.
|Cryptocurrencies||More than 140 pieces and 300 exchange pairs;|
|Commissions on fees||No extra payment for deposits and withdrawals in digital currencies. If you deposit USD, you have to pay a 0.1% commission, but not less than $20;Minimum fee for withdrawing fiat money is $60;With a minimum turnover of currencies per month, the trading fee is 0.1% for the creator and 0.2% for the taker;|
|Portfolio||You can choose between three wallets - Exchange Wallet, Margin Wallet and Finance Wallet;|
|Method of payment||In addition to crypto-currencies, users can also make bank transfers and cash withdrawals with the card;|
|Security||Only 0.5 percent of crypto assets are held online to enable daily transactions. The rest of the coins are held in cold wallets, inaccessible to hackers. Making these wallets available requires manual approval from several members of the management team;|
LocalBitcoins was founded in Finland in 2012. The goal of the project was to create a secure platform for cryptocurrency trading. The website is actively used in over 240 countries around the world. Here you can exchange bitcoins for any officially existing fiat currency in the world. Users place orders to buy and sell bitcoins, specifying the exchange rate, payment method and minimum/maximum transaction amounts. Other users select the desired offers and confirm the transaction.
|Commissions on fees||The service does not charge a commission to the buyer. For sellers, there is a fixed commission of 1% on each sale.|
|Method of payment||Bank transfers, credit cards, electronic systems ;|
|Security||Transaction security is provided by the escrow method, which has proven to be very effective; user accounts are protected by two-factor authentication.|
It is a US crypto-currency exchange that was launched in 2014. In addition to traditional cash trading, the source also offers margin trading and options for those who want to borrow their money. In 2018, the company was acquired by Circle Internet Financial Limited. And subsequently, the service introduced a mandatory verification process according to KYC requirements. Currently, the daily trading volume is over $13 million and users can trade over 100 currency pairs. The largest percentage of the public is interested in currency trading and options. Advanced analytics (last day's crypto currency rates, trading history) create a favorable environment for effective trading.
|Commissions on fees||All deposits are possible without additional fees; withdrawal fees are fixed and depend on the type of crypto-currency; transaction fees range from 0 to 0.25%; maker's commission ranges from 0 to 0.15%; taker's commission ranges from 0.1 to 0.25%; the higher the volume of transactions made in a month, the lower the commission for all transactions made thereafter;|
|Method of payment||Topping up an account with a bank card or withdrawing a card is not possible for users from certain countries;|
|Security||The administration strongly recommends that you use two-factor authentication on your account;|
|Application mobile||Available on.|
This young exchange was founded in 2017. Nevertheless, it has already proven to be one of the most reliable trading platforms in the crypto-currency and blockchain world. 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 for new crypto-currencies that have just gone through ICO. The exchange has its own token - KuCoin Shares (KCS). Holders of KCS tokens receive discounts on trades.
|Cryptocurrencies||More than 200 pieces and over 450 exchange pairs;|
|Commissions on fees||All deposits are free on the website and there is a flat fee for withdrawals. KuCoin offers a fixed trading fee of 0.10%, which is below the industry average.|
|Portfolio||Courtyard Cryptographic Wallet;|
|Method of payment||A variety of payment methods supported by fiat P2P services;|
|Security||The exchange allows you to set up two-factor authentication via Google Authenticator.|
|Application mobile||Available on.|
Cold storage in the strictest sense is the transfer of bitcoins to addresses that have a private key that can never be compromised (revealed). In the simplest form, these are the keys you get on a computer without a network connection.
It is an Austrian startup founded in 2014. It has powerful API applications, powerful servers and a fully automated real-time ordering system. Currently, the company serves more than 1.2 million customers, but it hopes to expand its customer base through investments. The company has a European PSD2 license, and the source is equipped with modern security methods and ways to protect the account from hacker access. The exchange has its own Bitpanda ecosystem token (BEST), holders of which can receive a 25% discount on transactions.
|Cryptocurrencies||Bitcoin, Ethereum and over 30 active digital currencies;|
|Commissions on fees||The trading fee for the service depends on the type of currency and the type of transaction. When buying Bitcoins, you pay 1.49%, when selling - 1.29%;The loading and withdrawal fee is set for each currency and is debited from the account;|
|Method of payment||You can make a deposit by bank transfer, credit card or via electronic payment systems;|
|Security||Bitpanda refers to systems that independently manage the user's wallet keys and offers the following security measures: Cold storage of funds; Session control. Each login attempt from a new device requires confirmation with two-factor authentication; Authentication and validation via email;|
The service began its work in 2013 and has since offered the possibility to buy the two most popular fiat currencies with a bank card. Coinmama is not an exchange in the usual sense. You can only buy foreign currencies here. The platform doesn't even have a built-in wallet and the purchased funds are transferred to the address provided by the user. Currently, the service has 2.3 million users in 188 countries.
|Cryptocurrencies||The platform sells Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos et EOS ;|
|Commissions on fees||A 5% service fee applies when using credit or debit cards, and the platform charges 3.90% for buying coins and 0.9% for selling them;|
|Method of payment||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 technologies. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal data;|
This crypto-currency 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 of the site is simple and easy to use, as the service is intended for all traders, regardless of their professional level. A potential client can try demo trading and use the analytical tools to better understand the crypto-currency market. HitBTC supports trading a huge number of crypto-currencies and works with fiat money and offers a profitable exchange rate for GBP, USD, EUR. The website supports SEPA and SWIFT payments. HitBTC uses various advertising methods to attract traders, including active advertising on social networks.
|Cryptocurrencies||800 currency pairs are traded on the platform today;|
|Commissions on fees||No commission for deposits and a fixed commission for withdrawals, depending on the currency; HitBTC uses a tiered system to calculate transaction fees. The more transactions a user makes, the lower the commission;|
|Portfolio||No crypto-currency wallet;|
|Method of payment||The HitBTC exchange can only be topped up with digital currency;|
|Security||The platform offers 2-factor authentication, high-end encryption technology and cold storage of funds ;|
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 bitcoins. Paxful does not sell crypto-currencies 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.
|Cryptocurrencies||Bitcoin and Tether;|
|Commissions on fees||Commissions are charged for selling crypto-currencies: 0.5% for bank transfers; 1% for debit cards and e-payments; 3-5% for gift cards; No commission is charged for buying crypto-currencies; Paxful charges a transfer 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 in your mobile crypto-currency 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||The system's security is ensured by two-factor authentication, deposit and mandatory verification procedures when processing large amounts.|
|Application mobile||Paxful Wallet for Android and iOS.|
When choosing an exchange, carefully check the conditions for registration and withdrawal of funds. It is important to read user reviews and check if the exchange has been involved in fraudulent activities or has been subject to hacker attacks. You should also make sure that the exchange has a high trading volume. And always remember that the exchange is not a safe way to store cryptocurrencies. It is highly recommended to choose resources that have a cold wallet and reliable security methods.