Platforms to invest in cryptocurrencies Hong Kong 2021
          

Platforms to invest in cryptocurrencies Hong Kong 2021

Cryptocurrencies continue to gain popularity and more and more people want to invest in this sector. As a result, new services that offer the possibility to buy cryptocurrencies against fiat currencies or exchange them for fiat currencies are popping up all the time. 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 websites work similarly to currency, commodity, and stock exchanges: prices are determined by the market, based on the principle of supply and demand for each token. Here you can find a list of the largest cryptocurrency exchanges.

Hong Kong is one of the leading jurisdictions in the cryptocurrency industry: numerous companies are based here, including exchanges, OTC platforms, and brokers. They are currently regulated by the local stock exchange regulator and the Hong Kong Securities and Futures Commission (SFC).

 Coinbase

This platform was founded in 2012 in San Francisco, United States. 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. It offers a simple coin exchange mechanism and supports popular payment methods such as bank cards, bank transfers, and even PayPal. During its existence, it served about 30 million customers and generated $150 billion in revenue. One of the company's products - Coinbase PRO - is the leading cryptocurrency exchange in terms of 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 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 and fees For all transactions under $200, the following fees apply: $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. For transactions over $200, a fixed rate applies. The amount depends on the payment method.
Cartera  Free on mobile and online. The advantage of this wallet is that transactions can be made outside the blockchain.
Payment method You can make deposits and withdrawals by bank card, bank transfer and a number of other 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 by AES-256 encryption; Only 2% of customers' cryptocurrency funds are stored online and are insured in case of loss;
Mobile application Mobile applications for Android and iOS.

 Binance

This exchange was founded in 2012 and today serves over 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. Its trading volume exceeds $40 billion. Coinbase is available to traders from 32 different countries, mainly from Europe and North America. There are 740 different crypto and fiat pairs that can be traded on the platform. One of the best features of the site is that new coins are added almost every week. These new additions are constantly communicated on the company's official Twitter account. Sometimes, users are even asked to vote for one or another coin that will appear on the exchange. Binance's popularity is also influenced by the high speed of order processing, which is almost 1.5 million per second.

Binance
Cryptocurrencies 740 different crypto and fiat pairs, including BNB's own token;
Commissions and fees Silo offers competitive trading fees (commissions): 0.1% on both sides of the trade or 0.075% if you use their shipping tokens (BNB);
Cartera  Application of the mobile trust portfolio;
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, blocking protocols, cybersecurity experts and compliance companies. It is the first comprehensive tool to monitor and protect against threats in a decentralized data exchange environment.
Mobile application A free app is available from the Google Play store or the App Store.

Kraken

This platform was registered in the United States in 2011 as Payward, Inc. The company's 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 for more than 25 cryptocurrency exchanges. The service has already gained four million customers in two hundred countries. In general, Kraken focuses on traders who trade large assets in cryptocurrencies.

Kraken
Cryptocurrencies There are 8 tokens available for exchange;
Commissions and fees 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 commissions are reduced to 0.14% and 0.24%, respectively;
Cartera  The website does not offer a wallet for cryptocurrencies;
Payment method Cryptocurrency wallets and money transfers via bank transfer. Deposits/withdrawals via bank cards are not possible;
Security The exchange provides users with two-factor authentication (2FA), PGP encryption, and a global configuration lock that prevents any changes to the account within a certain period of time;
Mobile application Kraken Pro and Kraken Futures trading applications.

 Bittrex

This cryptocurrency was launched in New York in 2015. In the beginning, it was a simple Internet exchanger. 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 offers a variety of financial, trading and analytical tools for successful trading. In June, its trading volume exceeded $51 million. It allows its clients to work with a large number of trading pairs. Bittrex offers reliable storage of users' assets, as almost all funds are stored in cold wallets. It is probably one of the safest platforms for exchanging cryptocurrencies, as it was founded by cybersecurity experts. The platform supports five base markets: dollar, euro, BTC, ETH and USDT (Tether ERC-20); several ERC-20 tokens and many other independent coins.

Bittrex
Cryptocurrencies Over 250 trading pairs are available;
Commissions and fees Topping up your Euro account is possible via:   SEPA bank transfer;   international bank transfer;   bank card.It is possible to withdraw money in fiat to a bank account using an international bank transfer, and for euros a SEPA bank transfer is supported.The withdrawal fee depends on the selected cryptocurrency: for Bitcoin it is 0.0005 BTC, for Ethereum - 0.00600000 ETH;
Cartera  There is no wallet for cryptocurrencies;
Payment method Bank transfers, credit/debit cards;
Security Two-factor authentication (2FA); IP verification requiring email confirmation of new IP address entry;  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 website has proven to be a stable resource that offers maximum opportunities for profitable trading of digital currencies. All withdrawals and replenishments can be made only in BTC and users have to convert altcoins into bitcoin. Currently, the Bitmex exchange is a leader in the field with an average trading volume of $2 billion to $4 billion per day. The exchange has its own insurance fund that currently manages over 31,000 Bitcoins. It is used to cover settled positions on the platform. Due to the possibility of margin trading with 100 times leverage in a highly volatile cryptocurrency 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.

BitMEX
Cryptocurrencies 55 trading pairs;
Commissions and fees BitMEX does not charge any fees for deposits or withdrawals. There is a minimal bitcoin network fee when withdrawing BTC. Trading fees for buyers are 0.075% of the total order value, while creators receive an additional 0.025% per trade;
Cartera BitMEX cryptocurrency wallet
Payment method Apart from cryptocurrencies, BitMEX does not accept any other types of deposits;
Security Funds stored in cold wallets; two-factor authentication; registration via SMS notifications; multi-signature wallets for transactions; email communications encrypted with PGP encryption;
Mobile application BitMEX Mobile was launched in September 2020.

The adoption of cryptocurrencies is steadily penetrating all corners of the world and today the global market capitalization of cryptocurrencies is $351.24 billion.

 Bitfinex

This cryptocurrency 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 exchange and supports all major coin and token types. The project is designed for professional traders and large investors and proves it with a variety of reputable financial instruments. At Bitfinex you can apply short-term strategies and test long-term investments.

Bitfinex 
Cryptocurrencies More than 140 currencies and 300 currency pairs;
Commissions and fees There are no additional fees for deposits and withdrawals in digital currencies. When depositing US$, you have to pay a commission of 0.1%, but not less than US$20; the minimum commission for withdrawing fiat money is US$60; with a minimum trading volume of the currency per month, the trading commission is 0.1% for the creator and 0.2% for the taker;
Cartera Users have three portfolios to choose from: Exchange Portfolio, Margin Portfolio and Funding Portfolio;
Payment method In addition to cryptocurrencies, you can also make bank transfers and withdraw money to the card.
Security Only 0.5% of cryptoassets are held online to support daily transactions. The rest of the coins are held in cold wallets that are inaccessible to hackers. Making these wallets available requires manual approval by multiple members of the administrative team;
Mobile application Available.

LocalBitcoins

LocalBitcoins was founded in Finland in 2012. The goal of the project was to create a secure platform for trading cryptocurrencies. The website is actively used in more than 240 countries around the world. Here, Bitcoin can be exchanged for all 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 amounts for transactions. Other users select their preferred offers and confirm the transaction.

Localbitcoins
Cryptocurrencies Bitcoin
Commissions and fees The service does not charge commission to the buyer. For sellers there is a flat commission of 1% on each sale.
Cartera  Monedero Bitcoin
Payment method Bank transfers, bank cards, electronic systems;
Security The security of transactions is ensured 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 cryptocurrency exchange that was launched in 2014. In addition to traditional spot exchanges, the resource 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 in accordance with KYC requirements. Currently, the daily trading volume is over $13 million and users can trade more than 100 currency pairs. The largest percentage of the audience is interested in trading options and currencies. Advanced analysis (cryptocurrency price for the last day, trading history) creates a favorable environment for effective trading.

Poloniex 
Cryptocurrencies More than 100 currency pairs
Commissions and fees All deposits are possible without additional fees; withdrawal fee is fixed and depends on the type of cryptocurrency; trading fees are 0 to 0.25%; creation fee is 0 to 0.15%; withdrawal fee is 0.1 to 0.25%; the higher the volume of transactions completed in a month, the lower the fee for all transactions completed thereafter;
Cartera  Sí;
Payment method Topping up an account with a bank card or withdrawing to a card is not possible for users in some countries;
Security The administration strongly recommends that you provide your account with two-factor authentication;
Mobile application Available at

 Kucoin

This young exchange was founded in 2017. However, it has already proven that it is 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 clients to trade over 450 trading pairs. KuCoin is very popular for new cryptocurrencies that have just gone through an ICO. The exchange has its own token - KuCoin Shares (KCS). Holders of the KCS token get discounts on trading.

Kucoin 
Cryptocurrencies More than 200 currencies and over 450 currency pairs;
Commissions and fees All deposits are free on site and there is a fixed fee for withdrawals. KuCoin offers a fixed trading fee of 0.10%, which is lower than the industry average.
Cartera  The website's internal cryptocurrency wallet;
Payment method A variety of payment methods supported by fiat P2P services;
Security The exchange gives you the option to set up two-factor authentication with 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 the simplest form, these are keys that you get 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. Currently, the website serves over 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 the account from hacking. The exchange has its own Bitpanda Ecosystem Token (BEST), the holders of which can get a 25% discount on trades.

Bitpanda
Cryptocurrencies Bitcoin, Ethereum and over 30 other digital assets;
Commissions and fees The commission for the trading service depends on the type of currency and the type of transaction. When buying bitcoins 1.49% is paid, when selling - 1.29%; the commission for replenishment and withdrawal is determined for each currency and charged to the account;
Cartera  Bitpanda cryptocurrency wallet
Payment method You can make a deposit by bank transfer, credit card or electronic payment system;
Security Bitpanda refers to systems that independently manage the keys to users' wallets; it also offers the following security measures: cold background storage; session control. Each login attempt from a new device requires confirmation of two-factor authentication: email authentication and validation;
Mobile application

Coinmama

The service was launched in 2013 and since then has been offering services for buying the two most popular currencies with fiat money from a bank card. Coinmama is not an exchange in the usual sense. Here you can only buy coins. The platform does not even have a built-in wallet, and the purchased goods are transferred to the address specified by the user. Currently, the service has 2.3 million users in 188 countries.

Coinmama 
Cryptocurrencies La plataforma vende Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos und EOS;
Commissions and fees There is a 5% service fee when using credit or debit cards, and the platform also 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 technologies. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal data;
Mobile application

 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 website interface is simple and user-friendly, as the service is intended for all traders, regardless of their professional level. A potential client can test demo trades and use the analytical tools to better understand the cryptocurrency market. HitBTC supports trading a large number of cryptocurrencies and works with fiat money, offering 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.

Hitbtc 
Cryptocurrencies Currently, 800 currency pairs are traded on the platform;
Commissions and fees There are no commissions for deposits and a fixed commission for withdrawals that depends on the currency; HitBTC uses a multi-level system to calculate the trading commission. The more a user trades, the lower his commission;
Cartera There is no wallet for cryptocurrencies;
Payment method The HitBTC exchange can be replenished with digital currency only;
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 marketplace for buying and selling Bitcoin, founded in 2014 by Estonian and American entrepreneurs. The main goal of Paxful is to create a transparent and secure platform where 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 und Tether
Commissions and fees There are fees for selling cryptocurrencies:0.5% for wire transfers;1% for debit cards and electronic payments;3-5% for gift cards;There are no fees for buying cryptocurrencies;Paxful charges a wire transfer 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 for you to store and manage coins with their 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 ensured by two-factor authentication, escrow and mandatory verification procedure when working with large volumes.
Mobile application Paxful Wallet for Android and iOS.

When choosing an exchange, you should carefully check the terms of registration and withdrawal. It is important to read users' reviews and check if they have been involved in fraudulent activities or exposed to hacking attacks. Also, make sure that the exchange has a high trading volume. And always remember that the exchange is not a safe place to store cryptocurrencies. It is highly recommended to choose resources that have cold wallet storage and reliable security methods.

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