Cryptocurrency trading platforms Hong Kong 2021
          

Cryptocurrencies continue to grow in popularity and more and more people want to invest in this industry. As a result, new services are emerging that offer the ability to buy them for fiat currencies or to exchange them. 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 sites operate in a similar way to exchange, commodity and stock exchanges: prices are determined by the market based on the supply/demand principle for each token. We bring you 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. Their operations are currently supervised by the local Monetary Authority and the Hong Kong Securities and Futures Commission (SFC).

 Coinbase

The platform was launched in 2012 in San Francisco, United States. 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. Since its inception, it has served about 30 million customers and achieved revenues of $150 billion. One of its products, Coinbase PRO, is the leading cryptocurrency exchange by trading volume. As of 2018, Coinbase was 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)
Fees and Charges All transactions under $200 have the following fees: $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. Depends on the payment method.
Cartera  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 various payment systems. SEPA transfers are available for EU residents;
Security Two-factor authentication; All website traffic is encrypted with SSL encryption; All wallet keys are protected with AES-256 encryption; Only 2% of customers' cryptocurrency funds are stored online and insured against loss;
Mobile Application Mobile applications for Android and iOS.

 Binance

The exchange was founded in 2012 and currently serves over 12 million traders. From 2018 to 2020, Binance is the undisputed leader in terms of trade volume and number of users among the world's leading cryptocurrency exchanges. Its trading volume exceeds $40 billion. Coinbase is available to traders from 32 different countries, mostly from Europe and North America. There are 740 different crypto and fiat pairs available for trading on the platform. One of the winning features of the site is that it adds new coins almost every week. This news is constantly reported on the company's official Twitter account. Sometimes users are even asked to vote for a particular coin that will then appear on the exchange. Binance's popularity is also influenced by its high order processing speed, which is almost 1.5 million per second.

Binance
Cryptocurrencies 740 different crypto and fiat pairs, including BNB's own token;
Fees and Charges Binance offers competitive trading fees (commissions): 0.1% on each side of the trade or 0.075% if you use your Binance (BNB) tokens;
Cartera  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). This initiative will bring together exchanges, blocking protocols, cybersecurity experts, and compliance firms. It is the first comprehensive threat monitoring and protection tool in a decentralized data exchange environment.
Mobile Application The free app is available from the Google Play Store or the App Store.

Kraken

This platform was registered in the United States as Payward, Inc. in 2011. It is headquartered in San Francisco. The exchange currently has offices in several cities around the world, including London, Chiyoda (Japan), and Singapore. Kraken 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 attracted four million customers in two hundred countries. In general, Kraken targets traders who trade large assets in cryptocurrencies.

Kraken
Cryptocurrencies There are 8 tokens available for trade;
Fees and Charges Transactions of less than 50,000 units of a given currency are subject to a commission of 0.16% for the seller and 0.26% for the buyer; for amounts above 50,000 units, the commission is reduced to 0.14% and 0.24% respectively;
Cartera  The site does not offer a cryptocurrency wallet;
Payment method Cryptocurrencies and money transfers via bank transfer. Deposits/withdrawals via bank cards are 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 applications.

 Bittrex

This cryptocurrency started in New York in 2015. It started as a regular online exchange. But the service quickly became popular, and the following year it expanded its functionality to become a full-fledged exchange. Bittrex's trading platform has many financial, trading, 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 provides secure storage of 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 cyber security experts. The platform supports five major exchanges: 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 Euro deposits can be made via:  SEPA credit transfer; international bank transfer; bank card. fiat withdrawals can be made to a bank account via international bank transfer, while SEPA credit transfer is euro compatible.Withdrawal fees depend on the cryptocurrency you choose, being Bitcoin 0.0005 BTC and Ethereum 0.00600000 ETH. The site has a fixed trading fee of 0.25% of the total value of your order;
Cartera  There is no cryptocurrency wallet;
Payment method Bank transfers, credit/debit cards;
Security Two-factor authentication (2FA); IP verification requiring login confirmation of new IP address via email; IP whitelist; Cold storage for 80%-90% of goods;
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 of digital currencies. All withdrawals and deposits can only be made in BTC, and users must convert altcoins into bitcoin. Bitmex currently ranks first in terms of trading volume, with a daily average of between $2 billion and $4 billion. The exchange has its own insurance fund, which currently manages over 31,000 bitcoins. It is used to cover liquidated positions on the platform. Due to 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, which will be completed in 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; trading fees for receivers are 0.075% of the total order value, and receivers receive an additional 0.025% per trade;
Cartera BitMEX cryptocurrency wallet
Payment method Besides cryptocurrencies, BitMEX does not accept other deposits;
Security Funds are stored in cold wallets; two-factor authentication; registration via SMS notification; multi-signature wallets for transactions; e-mail correspondence is encrypted using PGP encryption;
Mobile Application BitMEX Mobile is released in September 2020.

The adoption of cryptocurrencies is steadily penetrating all corners of the world, and the global cryptocurrency market is now worth $351.24 billion.

 Bitfinex

This cryptocurrency exchange was founded in 2012 in Hong Kong. It is well known for its work with Tether (USDT). The platform offers its users exchange services, margin trading, and supports all major coin and token types. It is aimed at professional traders and large investors, which is confirmed by a number of serious financial instruments. At Bitfinex, you can apply short-term strategies and try to invest for the long term.

Bitfinex 
Cryptocurrencies More than 140 currencies and 300 currency pairs;
Fees and Charges There are no additional fees for deposits and withdrawals in digital currencies. For deposits in USD you will have to pay a commission of 0.1%, but not less than $20; the minimum commission for fiat withdrawals is $60; for the minimum volume of coins per month the trading commission is 0.1% for the depositor and 0.2% for the settlor;
Cartera Users can choose between three portfolios: 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 cryptoassets are stored online to support daily transactions. The rest of the coins are stored in cold wallets that are inaccessible to hackers. In order for these wallets to be accessible, manual authorization from several members of the administrative team is required;
Mobile Application Available.

 Localbitcoins

LocalBitcoins was founded in Finland in 2012. Its goal 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 fiat currencies that officially exist in the world. Users place orders to buy and sell bitcoin by specifying the exchange rate, the payment method, and the minimum/maximum amount of the transaction. Other users select their preferred offers and confirm the transaction.

Localbitcoins
Cryptocurrencies Bitcoin
Fees and Charges The service does not charge a commission to the buyer. A commission of 1% of each sale is set for the sellers.
Cartera  Monedero Bitcoin
Payment method Bank transfers, bank cards, electronic systems;
Security Transaction security is ensured by the escrow method, which has proven to be very effective; users' accounts are protected by two-factor authentication.
Mobile Application

Poloniex

It is a US-based 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 who wish to lend their funds. In 2018, the company was acquired by Circle Internet Financial Limited. And after that, the service introduced a mandatory KYC-compliant verification process. Currently, daily trading volume exceeds $13 million and users can trade over 100 currency pairs. The largest percentage of the audience is interested in forex trading and forex options. Advanced analytics (last day's cryptocurrency price, trading history) create a favorable environment for efficient trading.

Poloniex
Cryptocurrencies More than 100 currency pairs
Fees and Charges All deposits are allowed without additional fees; withdrawal fees are fixed and depend on the type of cryptocurrency; trading fees are 0 to 0.25%; Creator's commission is 0% to 0.15%; Creator's commission is 0.1% to 0.25%; the higher your trading volume in a month, the lower your commission will be for all subsequent trades made;
Cartera  Sí;
Payment method Card deposit or card withdrawal is 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 established in 2017. However, it has already established itself as one of the most trusted trading platforms in the world of cryptocurrencies and blockchain. The exchange offers one of the largest selections of trading pairs in the world, allowing its customers to trade over 450 trading pairs. KuCoin is very popular among the new cryptocurrencies just passing through ICOs, The exchange has its own symbol, KuCoin Shares (KCS). Holders of KCS coins receive discounts on their trades.

Kucoin 
Cryptocurrencies More than 200 currencies and over 450 currency pairs;
Fees and Charges All on-site deposits 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.
Cartera  Internal cryptocurrency wallet site;
Payment method The variety of payment methods supported by fiat P2P services;
Security The exchange offers you the ability to establish two-factor authentication through Google Authenticator.
Mobile Application Available at

Cold storage in the strict sense is the transfer of bitcoins to addresses with a private key that can never be compromised (revealed). In its simplest form, these are keys obtained on a computer without a network connection.

 Bitpanda

This 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 now serves more than 1.2 million customers, but through investments 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 forms to protect the account from hacker access. The exchange has its own Bitpanda Ecosystem Token (BEST); its holders can get a 25% discount on transactions.

Bitpanda
Cryptocurrencies Bitcoin, Ethereum, and more than 30 other digital assets;
Fees and Charges The trading fee for the service depends on the type of currency and the nature of the transaction. You pay 1.49% when buying bitcoins and 1.29% when selling them; deposit and withdrawal fees are fixed for each currency and deducted from your account;
Cartera  Bitpanda cryptocurrency wallet
Payment method You can make a deposit by bank transfer, credit card, or electronic payment systems;
Security Bitpanda refers to systems that independently manage the keys to users' wallets and offer the following security measures: cold storage of funds; session control. Each login attempt from a new device requires two-factor authentication confirmation; email authentication and verification;
Mobile Application

Coinmama

The service started in 2013 and since then offers services to buy two of the most popular currencies with fiat money from a bank card. Coinmama is not an exchange in the usual sense of the word. Here you can only buy coins. The platform does not even have a built-in wallet, and the goods purchased 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 и EOS;
Fees and Charges The use of credit or debit cards carries a 5% service fee. In addition, the platform charges 3.90% for buying coins and 0.9% for selling coins;
Cartera No;
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 services have confirmed that 256-bit SSL encryption is actively used on pages containing personal information;
Mobile Application

 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 website's interface is simple and user-friendly, as the service is designed for all traders, regardless of their professional level. Potential customers can try 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 currency, 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 on social networks.

Hitbtc 
Cryptocurrencies Today, 800 currency pairs are traded on the platform;
Fees and Charges There are no deposit fees and withdrawal fees are fixed depending on the currency; HitBTC uses a tiered system to calculate trading fees. The more a user trades, the lower their commission;
Cartera There is no cryptocurrency wallet;
Payment method The HitBTC exchange can only be supplemented with digital currency;
Security The platform offers two-factor authentication, high-level encryption technology, and cold storage of funds;
Mobile Application No

 Paxful

Paxful is an international P2P platform 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 that allows anyone to 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 y Tether
Fees and Charges Cryptocurrency sales fee: 0.5% for wire transfers;1% for bank cards and electronic payment;3-5% for gift cards;No fee for cryptocurrency purchases;Paxful charges a fee to send funds to an external wallet.$0 - $9.99 = 0.0001 BTC $10 - $19.99 = 0.0002 BTC Over $20 = 0.0005 BTC
Cartera 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 guaranteed by two factors: authentication, reloading, and a mandatory verification procedure when large sums of money are involved.
Mobile Application Paxful Wallet para Android e iOS.

When choosing an exchange, be sure to carefully study the terms and conditions for registration and withdrawal. It is important to read user reviews and check whether they have been involved in fraudulent schemes or have been subject to hacker attacks. Another thing to keep in mind is to make sure that the exchange has a high trading volume. And always remember that an exchange is not a secure way to store cryptocurrencies. It is highly recommended to choose resources that have cold wallets and robust security practices.

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