Major cryptocurrency exchanges Hong Kong 2021
          

Cryptocurrencies 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 cryptocurrency exchange is a place where a user 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 similarly to 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 cryptocurrency exchanges.

Hong Kong is one of the most important jurisdictions in the cryptocurrency sector, with a huge number of companies 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).

 Coinbase

The platform was founded in 2012 in San Francisco, USA. Coinbase offers two types of services through its two divisions: buying cryptocurrencies through the Coinbase cryptocurrency exchange service (which includes a cryptocurrency wallet) and trading through the Coinbase Pro cryptocurrency exchange. Coinbase offers a simple coin exchange mechanism and supports common payment methods such as credit cards, bank transfers and even PayPal. Since its inception, the company has served about 30 million customers and generated revenue of $150 billion. One of the company's products, Coinbase PRO, is the leading cryptocurrency exchange by trading volume. Since 2018, Coinbase has been authorized by the UK Financial Conduct Authority (FCA) as a financial services company. 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 For all transactions under $200, the following fees apply:$0.99 for transactions under $10.00;$1.49 for transactions between $10.00 and $25.00;$1.99 for transactions between $25.00 and $50.00;$2.99 for transactions between $50.00 and $200.00.For transactions over $200.00, a fixed percentage rate applies. The amount depends on the payment method.
Portfolio  Free on mobile and online. The advantage of this wallet is that transactions can be made off the blockchain.
Payment method You can make deposits and withdrawals by bank card, bank transfer and through a number of payment systems. SEPA transfers are available for EU citizens;
Security Two-factor authentication; All site traffic is encrypted with SSL; All wallet keys are protected with AES-256 encryption; Only 2% of customers' cryptocurrency funds are kept online and insured against loss;
Mobile application Mobile applications for Android and iOS.

 Binance

The exchange was founded in 2012 and now serves more than 12 million traders. From 2018 to 2020, Binance is the undisputed leader among the world's leading cryptocurrency exchanges in terms of trading volume and number of users. The 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 best features of the site is that new coins are added almost every week. This news is constantly reported on the company's official Twitter account. Sometimes users are even offered 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 - almost 1.5 million orders per second.

Binance
Cryptocurrencies 740 different crypto and fiat 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% when using your Binance tokens (BNB);
Portfolio Mobile Wallet application Trust Wallet ;
Payment method Bank transfer, debit/credit cards, various P2P payment channels;
Security The exchange has launched the CryptoSafe Alliance (CSA). This 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 data 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. The company is headquartered in San Francisco. Today, the exchange has offices in different 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. The service has attracted 4 million customers in two hundred countries. Overall, Kraken focuses on traders trading major cryptocurrencies.

Kraken
Cryptocurrencies Eight tokens are available for trading;
Fees and charges For transactions of less than 50,000 units of this currency, a commission of 0.16% is charged to the seller and 0.26% to the buyer. For amounts over 50,000 units, commissions are reduced to 0.14% and 0.24%, respectively;
Portfolio The site does not offer any cryptocurrency wallets;
Payment method Cryptocurrency wallets and wire transfers. Deposits/withdrawals by credit card are not possible;
Security The exchange offers users two-factor authentication (2FA), PGP encryption and a global settings lock, which prevents account changes over a period of time;
Mobile application Kraken Pro and Kraken Futures trading apps.

 Bittrex

This cryptocurrency started in New York in 2015. It began as a regular online exchange. But the service quickly became popular, and the following year its functionality was expanded to the level of 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 offers secure storage for users' assets, as almost all funds are stored in cold wallets. Bittrex is probably one of the most secure cryptocurrency trading platforms, as it was founded by cybersecurity experts. The platform supports five major markets: dollar, euro, BTC, ETH and USDT (Tether ERC-20); various ERC-20 tokens and many other independent coins.

Bittrex
Cryptocurrencies More than 250 transaction pairs are available;
Fees and charges Withdrawal of fiat money from your bank account is possible via international wire transfer, while SEPA transfer is supported for Euros. Withdrawal commission depends on the selected cryptocurrency: in Bitcoin it is 0.0005 BTC, in Ethereum - 0.00600000 ETH. The site has a fixed transaction fee of 0.25% of the total order value;
Portfolio  No cryptocurrency wallet;
Payment method Bank transfers, credit/debit cards;
Security Two Factor Authentication (2FA);IP validation, which requires a confirmation email to enter 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 founded in 2014. The site has established itself as a stable resource that offers maximum opportunities for profitable trading of digital coins. All withdrawals and deposits can only be made in BTC, and users must convert altcoins to bitcoins. The Bitmex exchange is currently the leader in terms of trading volume, with an average daily turnover of $2-4 billion. The exchange has its own insurance fund, which currently manages more than 31,000 bitcoins. It is used to cover liquidated positions 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 a fee for depositing or withdrawing funds. Withdrawals of BTC are subject to a minimum Bitcoin network fee. Trading commissions for takers are 0.075% of the total order value, and takers receive an additional 0.025% per trade;
Portfolio BitMEX cryptocurrency wallet
Payment method Other than cryptocurrencies, BitMEX does not accept other deposits;
Security Funds are stored in cold wallets; two-factor authentication; registration via SMS notifications; wallets with multiple signatures for transactions; email communication is encrypted using PGP encryption;
Mobile application BitMEX Mobile will launch in September 2020.

The adoption of cryptocurrencies continues to permeate every corner of the globe, and today the capitalization of the global cryptocurrency market is $351.24 billion.

 Bitfinex

This cryptocurrency exchange was founded in Hong Kong in 2012. It is known for its cooperation with the Tether project (USDT). The platform offers its users exchange services, margin trading and supports all major types of coins and tokens. The project is focused on professional traders and large investors and is approved by a wide range of reputable financial instruments. On Bitfinex you can apply short strategies and try long-term investments.

Bitfinex 
Cryptocurrencies Over 140 items and 300 exchange pairs;
Fees and charges No additional charges for deposits and withdrawals in digital coins. If you deposit in US dollars, you have to pay 0,1% commission, but not less than $20;Minimum fee for fiat money withdrawal is $60;For minimum monthly turnover the trading commission is 0,1% for the creator and 0,2% for the recipient;
Portfolio Users can choose from three wallets: Exchange Wallet, Margin Wallet and Financing Wallet;
Payment method In addition to cryptocurrencies, users can make bank transfers and withdraw money from the card.
Security Only 0.5% of crypto-assets are stored online, allowing for daily transactions. The rest of the coins are stored in cold wallets, inaccessible to hackers. For these wallets to be accessible, manual approval by several members of management 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 cryptocurrency trading. The site is actively used in more than 240 countries around the world. Here you can trade bitcoins against all officially existing fiat currencies in the world. Users place orders to buy and sell bitcoins, specifying the exchange rate, payment method and minimum and maximum transaction amounts. Other users select their preferred offers and confirm the transaction.

Localbitcoins
Cryptocurrencies Bitcoin
Fees and charges The service does not charge a commission from the buyer. For sellers, there is a fixed commission of 1% of each sale.
Portfolio  ; Bitcoin wallet
Payment method Bank transfers, bank cards, electronic systems ;
Security Transaction security is provided by the escrow method, which has proven to be effective; user accounts are protected by two-factor authentication.
Mobile application

Poloniex

This is an American cryptocurrency exchange that was launched in 2014. In addition to traditional cash trading, the resource also offers margin trading as well as options for those who want to lend their money. In 2018, the company was acquired by Circle Internet Financial Limited. And since then, the service has introduced a mandatory KYC-compliant verification process. Currently, the daily trading volume exceeds $13 million, and users can trade more than 100 currency pairs. The largest percentage of the public is interested in currency and options trading. Extensive analytics (cryptocurrency rates for the last day, trading history) create the conditions for efficient trading.

Poloniex
Cryptocurrencies Over 100 currency pairs
Fees and charges All deposits are possible without any additional fees; withdrawal fees are fixed and depend on the type of cryptocurrency; trading commissions are from 0 to 0.25%; broker's commission is from 0 to 0.15%; taker's commission is from 0.1 to 0.25%; the higher the volume of transactions made in a month, the lower the commission for all transactions made after that;
Portfolio Ja ;
Payment method Depositing an account with a bank card or withdrawing money from a card is not possible for users from some countries;
Security We strongly recommend that you use two-factor authentication for your account;
Mobile application Available on

 Kucoin

This young exchange was founded in 2017. Nevertheless, it has already established itself as one of the most reliable trading platforms in the world of cryptocurrencies and blockchain. The exchange offers one of the world's largest selections of trading pairs and allows 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 trading discounts.

Kucoin 
Cryptocurrencies More than 200 parts and more than 450 swap pairs;
Fees and charges All deposits on the site are free, and there is a fixed fee for withdrawals. KuCoin offers a fixed trading commission of 0.10%, which is lower than the industry average.
Portfolio  ; Crypto Wallet inside ;
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 bitcoins to addresses with a private key that can never be compromised (disclosed). In its simplest form, this refers to keys obtained on a computer without a network connection.

 Bitpanda

It is an Austrian startup founded in 2014. It has powerful API applications, powerful servers, and a fully automated real-time ordering system. The site currently serves more than 1.2 million customers, but with investment it hopes to expand its customer base. The company has a European PSD2 license, and the resource is equipped with modern security methods and tools to protect the account from hacker access. The exchange has its own token Bitpanda Ecosystem (BEST), the owners of which can get 25% discount on trade.

Bitpanda
Cryptocurrencies Bitcoin, Ethereum and more than 30 digital assets;
Fees and charges Trading fee for the service depends on the type of currency and type of transaction. You pay 1.49% when buying bitcoins and 1.29% when selling bitcoins;Deposit and withdrawal fees are set for each coin and deducted from your account;
Portfolio  ; Bitpanda crypto wallet
Payment method You can make a deposit by bank transfer, credit card or via electronic payment systems;
Security Bitpanda refers to systems that independently manage users' wallet keys and also offer the following security measures: Cold storage of the fund; session control. Each login attempt from a new device requires two-factor authentication confirmation; authentication and email verification;
Mobile application Ja

Coinmama

The service began its work in 2013 and since then offers services to buy the two most popular currencies for fiat money from a 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 securities are transferred to the 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 et EOS ;
Fees and charges If you use a credit or debit card, you will be charged a 5% service fee. The platform also charges 3.90% for buying coins and 0.9% for selling them;
Portfolio Not
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 services have confirmed that 256-bit SSL encryption is actively used on pages containing personal information;
Mobile application Ja

 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 user interface of the site is simple and easy to use, as the service is designed for all traders, regardless of their professional level. A potential client can try demo trading and use analytical tools to better understand the cryptocurrency market. HitBTC supports trading a huge number of cryptocurrencies and also works with fiat money and offers favorable exchange rates for GBP, USD, EUR. The site supports SEPA and SWIFT payments. HitBTC uses various advertising 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 coin; HitBTC uses a tiered system to calculate transaction fees. The more transactions a user makes, the lower the fee;
Portfolio 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 of funds;
Mobile application Not

 Paxful

Paxful is an international P2P platform 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 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 Tether
Fees and charges For the sale of cryptocurrencies charged commission: 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 transferring 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 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 Security of the system is guaranteed by two-factor authentication, deposit and mandatory verification procedure when working with large sums.
Mobile application Paxful Wallet for Android and iOS.

When choosing an exchanger, carefully read the terms of registration and withdrawal of funds. It is important to read user reviews and check whether the exchange is not involved in fraudulent activities or has fallen victim to hacking attacks. You should also 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 that you choose resources that have a cold wallet and strong security methods.

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