The best cryptocurrency exchanges Hong Kong 2021
          

Cryptocurrencies continue to grow in popularity and more and more people are interested in investing in this sector. As a result, new services are constantly emerging that offer the opportunity to buy or exchange them with fiat currency. 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 portfolios. These platforms work in the same way as currency, commodity and stock exchanges - prices are set by the market based on the principle of supply and demand for each token. We offer a list of the largest cryptocurrency exchanges.

Hong Kong is an important jurisdiction for the cryptocurrency industry - a huge number of companies are based there, 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 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 popular payment methods such as credit cards, bank transfers and even PayPal. Since its inception, the company has served about 30 million customers and reached $150 billion in sales. One of its products, Coinbase PRO, is the largest exchange of cryptocurrencies by trading volume. Since 2018, Coinbase has been authorized by the UK Financial Conduct Authority (FCA) to act as a financial services provider. The platform currently serves more than 10 million customers.

Coinbase
Cryptocurrencies 23 types of digital currencies, 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 expenses For all transactions under $200, the following fees will be charged:$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 flat rate will apply. The amount depends on the payment method.
Portfolio  Free on mobile and online. The advantage of this wallet is that transactions can be done outside the blockchain.
Payment method Money can be deposited and withdrawn by bank card, wire transfer and a number of payment systems. SEPA credit transfers are available to EU residents;
Safety Two-factor authentication; All website traffic is encrypted with SSL cryptography; All wallet keys are secured with AES-256 encryption; Only 2% of customers' cryptocurrency funds are stored online and are insured against loss;
Mobile app 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 in terms of trading volume and number of users among the world's leading cryptocurrency exchanges. 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 trading pairs available to trade 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, which then appears on the exchange. Binance's popularity is also influenced by its high speed of order processing, which is nearly 1.5 million per second.

Binance
Cryptocurrencies 740 different crypto and fiat pairs, including BNB's own token;
Fees and expenses 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 wallet app ;
Payment method Bank transfer, debit/credit cards, various P2P payment channels;
Safety An exchange has established the CryptoSafe Alliance (CSA). This initiative will bring together exchanges, blockchain 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 app The free app is available from the Google Play Store or the App Store.

Kraken

This platform was registered in the US in 2011 as Payward, Inc. The company is headquartered in San Francisco. The exchange currently 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. The service has attracted 4 million customers in two hundred countries. Overall, Kraken focuses on traders who trade the best cryptocurrency assets.

Kraken
Cryptocurrencies There are 8 tokens available for trading;
Fees and expenses Transactions of less than 50,000 units of this currency are subject to a commission of 0.16% for the seller and 0.26% for the buyer; for amounts greater than 50,000 units, the commissions are reduced to 0.14% and 0.24%, respectively;
Portfolio  The website does not offer cryptocurrency wallets;
Payment method Cryptocurrency wallets and transfer money by bank transfer. Deposits/withdrawals by credit card are not possible;
Safety The exchange offers users two-factor authentication (2FA), PGP encryption, and global settings locking, which prevents account changes for a specified period of time;
Mobile app Kraken Pro en Kraken Futures trading apps.

 Bittrex

This cryptocurrency began operating in New York in 2015. It began as a mere online exchange. But the service quickly became popular, and the following year it expanded its functionality into a full-fledged exchange. The Bittrex trading platform has many financial, trading and analytical tools for successful trading. In June, trading volume exceeded $51 million. It offers its clients the ability to work with a very large number of trading pairs. Bittrex offers secure storage for users' assets, as almost all funds are stored in cold wallets. It is probably one of the most secure platforms for cryptocurrency trading, as it was founded by cybersecurity experts. The platform supports five major markets: dollar, euro, BTC, ETH and USDT (Tether ERC-20); several ERC-20 tokens and many other independent currencies.

Bittrex
Cryptocurrencies More than 250 transaction pairs are available;
Fees and expenses Depositing into a euro account is possible via:  SEPA transfer; international transfer; bank card. Withdrawals in fiat currency are possible from the bank account via international transfer, while SEPA transfer is supported for euro.The withdrawal fee depends on the chosen cryptocurrency: in Bitcoin it is 0.0005 BTC, in Ethereum it is 0.00600000 ETH.There is a fixed transaction fee of 0.25% of the total order value;
Portfolio  No wallet for cryptocurrency;
Payment method Bank transfers, credit/debit cards;
Safety Two-factor authentication (2FA);IP authentication requiring email confirmation of new IP address entry;  IP whitelisting; Cold storage for 80-90% of assets;
Mobile app 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 source, offering maximum opportunities for profitable trading in digital coins. All withdrawals and deposits can only be made in BTC, and users must convert altcoins into bitcoins. The Bitmex exchange is currently the leader in terms of trading volume, with an average daily trading volume of 2-4 billion USD. 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 a leverage of 100 times 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 must be completed by February 2021.

BitMEX
Cryptocurrencies 55 trading pairs ;
Fees and expenses BitMEX does not charge a deposit or withdrawal fee. A Bitcoin Network minimum fee applies to BTC withdrawals. Transaction fees for takers are 0.075% of the total order value, while makers receive an additional 0.025% per transaction;
Portfolio BitMEX cryptocurrency portemonnee
Payment method Other than cryptocurrencies, BitMEX does not accept other deposits;
Safety Funds are stored in cold portfolios;Two-factor authentication;Registration via SMS notification;Multiple signature portfolios for transactions;Email correspondence is encrypted with PGP encryption;
Mobile app BitMEX Mobile will be launched in September 2020.

Adoption of cryptocurrencies continues to permeate every corner of the globe, and today the global cryptocurrency market is estimated at $351.24 billion.

 Bitfinex

This cryptocurrency exchange was founded in 2012 in Hong Kong. It is known for its partnership with Tether (USDT). The platform offers its users exchange services, margin trading and supports all major types of coins and tokens. The project is designed for professional traders and large investors, and has been tested by many serious financial instruments. On Bitfinex you can apply short strategies and try to invest for the long term.

Bitfinex 
Cryptocurrencies Over 140 items and 300 interchangeable pairs;
Fees and expenses No additional fees for deposits and withdrawals in digital currencies. For USD deposits, you must pay a 0.1% fee, but not less than $20;The minimum fee for fiat withdrawals is $60;For a minimum currency turnover per month, the transaction fees are 0.1% for the originator and 0.2% for the receiver;
Portfolio Users can choose between three wallets: Exchange Wallet, Margin Wallet and Financing Wallet;
Payment method In addition to cryptocurrencies, bank transfers and cash withdrawals by card are also available to users.
Safety Only 0.5% of crypto assets are stored online for daily transactions. The rest of the coins are stored in cold wallets, which are inaccessible to hackers. Making these portfolios accessible requires manual authorization from several members of the management team;
Mobile app Available.

 Localbitcoins

LocalBitcoins was founded in Finland in 2012. The 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 trade bitcoins against all officially existing fiat currencies in the world. Users place orders to buy and sell bitcoins by specifying the exchange rate, payment method and minimum/maximum transaction amount. Other users choose their preferred offers and confirm the transaction.

Localbitcoins
Cryptocurrencies Bitcoin
Fees and expenses The service does not charge the buyer a commission. There is a fixed commission of 1% of each sale for sellers.
Portfolio  Bitcoin-portemonnee
Payment method Bank transfers, bank cards, electronic systems ;
Safety The security of transactions is ensured by the escrow method, which has proven to be effective. User accounts are protected by two-factor authentication.
Mobile app

Poloniex

It is a U.S.-based cryptocurrency exchange that entered the market 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 since then, the service has implemented a mandatory verification process that meets KYC standards. Currently, the daily trading volume is over $13 million and users can trade over 100 currency pairs. The largest percentage of the audience is interested in trading currencies and stock options. Comprehensive analyses (cryptocurrency prices of the last day, trading history) create the conditions for efficient trading.

Poloniex
Cryptocurrencies More than 100 currency pairs
Fees and expenses All deposits are allowed with no additional fees;Withdrawal fees are fixed and depend on the type of Crypto currency;Transaction fees are 0-0.25%;Acquisition fees are 0%-0.15%;Withdrawal fees are 0.1%-0.25%;The more transactions you make in a month, the lower the fees for all subsequent transactions;
Portfolio  Ja
Payment method Depositing with a bank card or withdrawing money with a card is not possible for users in some countries;
Safety We strongly recommend adding two-factor authentication to your account;
Mobile app Available at

 Kucoin

This young exchange was founded in 2017. Although it has already established itself as one of the most reliable trading platforms in the world of cryptocurrency 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 for new cryptocurrencies that have just completed an ICO, The exchange has its own token, KuCoin Shares (KCS). Owners of KCS tokens receive trading discounts.

Kucoin 
Cryptocurrencies Over 200 parts and more than 450 exchange pairs;
Fees and expenses All deposits on the site are free and there is a flat fee for withdrawals. KuCoin offers a fixed trading fee of 0.10%, which is below the industry average.
Portfolio  Cryptographic internal website portfolio ;
Payment method The variety of payment methods supported by fiat P2P services;
Safety The Exchange allows you to set up two-factor authentication through Google Authenticator.
Mobile app 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, this refers to keys obtained on a computer without a network connection.

 Bitpanda

It is an Austrian start-up, founded in 2014. It has powerful API applications, powerful servers and a fully automated real-time ordering system. Today it serves more than 1.2 million customers, but thanks to investments it hopes to expand its customer base. The company has a European PSD2 license, and the source is equipped with state-of-the-art security methods and account protection against access by hackers. The exchange has its own Bitpanda Ecosystem (BEST) token, whose holders can receive a 25% discount on transactions.

Bitpanda
Cryptocurrencies Bitcoin, Ethereum and more than 30 digital assets;
Fees and expenses The transaction 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 bitcoins;The deposit and withdrawal fees are set for each currency and are deducted from your account;
Portfolio  Bitpanda crypto-template
Payment method You can make a deposit via bank transfer, credit card or electronic payment system;
Safety Bitpanda refers to systems that independently manage users' wallet keys.In addition, the following security measures are offered:Cold storage of funds;Session verification. Each login attempt from a new device requires confirmation of two-factor authentication;Authentication and email confirmation;
Mobile app Oui

Coinmama

The service was launched in 2013 and has since offered 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 currencies. The platform does not even have a built-in wallet, and the purchased assets are transferred to an address provided 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 expenses A 5% service fee is charged for using credit or debit cards. In addition, the platform charges 3.90% for buying coins and 0.9% for selling coins;
Portfolio Not
Payment method Credit/debit cards and bank transfers; supports SEPA and SWIFT payments;
Safety Coinmama is a reputable company whose website is protected by Trust Guard and Comodo technologies. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal information;
Mobile app Oui

 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 site's interface is simple and easy to use, as the service is designed for all traders, regardless of their professional level. Potential customers can try demo trading and use analysis tools to better understand the cryptocurrency market. HitBTC supports trading in a huge 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 promotional methods to attract traders, including active advertising on social media.

Hitbtc 
Cryptocurrencies Today, 800 currency pairs are traded on the platform;
Fees and expenses No deposit fees and fixed withdrawal fees, depending on the currency; HitBTC uses a tiered system for calculating trading fees. The more the user trades, the lower the commission;
Portfolio No wallet for cryptocurrency;
Payment method The HitBTC exchange can only be topped up with digital currency;
Safety The platform offers two-factor authentication, high-end encryption technology and cold storage of funds;
Mobile app Not

 Paxful

Paxful is an international P2P marketplace for buying and selling bitcoins, launched in 2014 by Estonian and American entrepreneurs. Paxful's main goal is to create a transparent and secure platform so that anyone can buy bitcoins quickly. Paxful does not sell cryptocurrencies itself; the site has taken on the role of intermediary between buyers and sellers. The exchange is actively involved in social projects, such as building schools in Africa.

Paxful
Cryptocurrencies Bitcoin en Tether
Fees and expenses The following fees are charged for selling cryptocurrencies: 0.5% for bank transfers; 1% for debit cards and e-payments; 3-5% for gift cards; No commission for buying cryptocurrencies; Paxful charges fees for transferring money to an external wallet.0 - $9.99 = 0.0001 BTC $10 - $19.99 = 0.0002 BTC Above $20 = 0.0005 BTC
Portfolio 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;
Safety The security of the system is guaranteed by two-factor authentication, top-up and a mandatory verification procedure when handling large sums of money.
Mobile app Paxful Wallet for Android and iOS.

When choosing an exchange, you should carefully examine its enrollment and withdrawal terms. It is important to read user reviews and check if it has been involved in fraudulent transactions or hacking attacks. You should also 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 sources that cold store wallets and have robust security practices.

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