The best cryptocurrency 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 possibility to buy them 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 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. We provide you with a list of the largest cryptocurrency exchanges.
Hong Kong is one of the leading jurisdictions for the cryptocurrency industry - a large number of companies are based there, including exchanges, OTC platforms and brokers. They are currently regulated by the Local Currency Board and the Hong Kong Securities and Futures Commission (SFC).
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 crypto exchange service (which includes a cryptocurrency wallet) and trading through the Coinbase Pro crypto exchange. It offers a simple coin exchange mechanism and supports popular payment methods such as credit cards, wire transfers, and even PayPal. During its existence, it has 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 revenue. Since 2018, Coinbase has been authorized 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 currencies, including 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 $10.00;$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 interest rate comes into play. Its amount depends on the payment method.|
|Portfolio||Free on mobile and online. The advantage of this wallet is that transactions can be made offline.|
|Payment method||You can make deposits and withdrawals with a bank card, by bank transfer and with a number 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 by AES-256 encryption; Only 2% of your customers' cryptocurrency funds are stored online and are insured in case of loss;|
|Application mobile||Mobile applications 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 among the top cryptocurrency exchanges in the world 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 currencies are added almost every week. This news is constantly posted on the company's official Twitter account. Sometimes, users are even asked to vote for one or another coin, which then appears on the exchange. Binance's popularity is also influenced by its high processing speed of almost 1.5 million orders per second.
|Cryptocurrencies||740 different crypto and fiat pairs, including the NBB token itself;|
|Commissions and fees||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||Application mobile 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 regulatory compliance companies. It is the first comprehensive tool to monitor and protect against threats in a decentralized data exchange environment;|
|Application mobile||A free application is available in the Google Play Store or the App Store.|
This platform was registered in the United States in 2011 as Payward, Inc. The 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 over 25 cryptocurrency exchanges. The service has already gained four million customers in two hundred countries. In general, Kraken focuses on traders who trade the best cryptocurrency assets.
|Cryptocurrencies||8 tokens are available for exchange;|
|Commissions and fees||For transactions below 50,000 units of a given currency, a commission of 0.16% is charged to the seller and 0.26% to the buyer. For amounts above 50,000 units, the commissions are reduced to 0.14% and 0.24% respectively;|
|Portfolio||No cryptocurrency wallets are offered on the website;|
|Payment method||Cryptocurrency wallets and money transfers via bank transfer. Deposits/withdrawals by credit card are not possible;|
|Security||The exchange offers users two-factor authentication (2FA), PGP encryption, and a global settings lock that prevents any changes to the account within a certain period of time;|
|Application mobile||The trading applications Kraken Pro and Kraken Futures.|
This cryptocurrency was launched in New York in 2015. It started its operation as a simple 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, trading and analytical tools for successful trading. In June, its trading volume exceeded $51 million. It allows its clients to work with a very large number of trading pairs. Bittrex ensures reliable safekeeping of users' assets as almost all funds are kept in cold wallets. It is probably one of the most secure cryptocurrency trading platforms as it was founded by cybersecurity experts. The platform supports five core markets: dollar, euro, BTC, ETH and USDT (Tether ERC-20); several ERC-20 tokens and many other independent currencies.
|Cryptocurrencies||There are over 250 transaction pairs available;|
|Commissions and fees||Funding your account in euros is possible via: a SEPA transfer; an international transfer; a bank card. It is possible to withdraw fiat funds to a bank account with an international transfer, and for euros a SEPA transfer is supported. The withdrawal fee depends on the selected cryptocurrency: in Bitcoin it is 0.0005 BTC, in Ethereum - 0.00600000 ETH. The website has a fixed transaction fee of 0.25% of the total order value;|
|Portfolio||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; 80-90% cold storage of goods;|
|Application mobile||There are two applications for Android and iOS respectively: Bittrex Global and Bittrex.|
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 bitcoins. Currently, the Bitmex exchange is the leader in terms of trading volume, with an average daily price of $2-4 billion. The exchange has its own insurance fund, which currently manages over 31,000 Bitcoins. It is used to cover positions settled on the platform. Due to the possibility of trading on margin 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 is expected to be completed by February 2021.
|Commissions and fees||BitMEX does not charge any fees for deposits or withdrawals. When you withdraw BTC, a minimum commission is charged by Bitcoin Network. Trading commissions for buyers are 0.075% of the total order value, while buyers receive an additional 0.025% for each transaction;|
|Portfolio||BitMEX crypto wallet|
|Payment method||Apart from cryptocurrencies, BitMEX does not accept any other 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;|
|Application mobile||BitMEX Mobile will be launched in September 2020.|
The adoption of cryptocurrencies continues to penetrate every corner of the world. The global cryptocurrency market is now worth $351.24 billion.
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 trading and supports all major coin and token types. The project is designed for professional traders and large investors and has proven itself in a wide range of serious financial instruments. At Bitfinex you can apply short strategies and try to invest for the long term.
|Cryptocurrencies||Over 140 currencies and 300 trading pairs;|
|Commissions and fees||No additional payment for deposits and withdrawals in digital currencies. When depositing USD, you will be charged a commission of 0.1%, but not less than $20;The minimum fee for withdrawing fiat money is $60;With a minimum turnover per month, the trading fee is 0.1% for the maker and 0.2% for the taker;|
|Portfolio||Users can choose between three wallets: Exchange Wallet, Margin Wallet and Financing Wallet;|
|Payment method||In addition to cryptocurrencies, you can also use the card to make bank transfers and cash withdrawals.|
|Security||Only 0.5% of crypto assets are held online for daily transactions. The rest of the coins are held in cold wallets that are inaccessible to hackers. For these wallets to be available, manual approval by multiple members of the management team is required;|
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 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 the minimum and maximum amount of the transaction. Other users choose their preferred bids and confirm the transaction.
|Commissions and fees||The service does not charge commission to the buyer. For sellers there is a fixed commission of 1% on each sale.|
|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.|
It is a US cryptocurrency exchange that was launched in 2014. Apart from 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 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 over 100 currency pairs. The largest percentage of the audience is interested in trading and currency options. Advanced analytics (cryptocurrency rates for the last day, transaction history) create an environment for efficient trading.
|Cryptocurrencies||Over 100 currency pairs|
|Commissions and fees||All deposits are possible without additional fees; Withdrawal fees are fixed and depend on the type of cryptocurrency; Trading commissions are 0-0.25%; Maker's commission is 0-0.15%; Borrowers commission is 0.1-0.25%; The higher the volume of transactions in a month, the lower the commission for all transactions made after that;|
|Payment method||Topping up an account with a bank card or withdrawing money from a card is not possible for users in some countries;|
|Security||The administration strongly recommends that you add two-factor authentication to your account;|
|Application mobile||Available on.|
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 KCS tokens receive trading discounts.
|Cryptocurrencies||Over 200 currencies and over 450 trading pairs;|
|Commissions and fees||All deposits are free of charge on the website and a flat fee is charged for withdrawals. KuCoin offers a fixed trading fee of 0.10%, which is below the industry average.|
|Portfolio ;||Internal cryptographic portfolio of the website;|
|Payment method||A variety of payment methods supported by fiat P2P services;|
|Security||The exchange offers you the option to set up two-factor authentication via Google Authenticator.|
|Application mobile||Available on.|
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.
It is an Austrian company founded in 2014. It has powerful API applications, powerful servers, and a fully automated real-time ordering system. Today, the company has over 1.2 million customers, but hopes to expand its customer base through investment. The company has a European PSD2 license, the resource is equipped with modern security methods and means to protect the account from hacking. The exchange has its own Bitpanda ecosystem token (BEST), holders of which can get a 25% discount on transactions.
|Cryptocurrencies||Bitcoin, Ethereum and over 30 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 you pay 1.49%, when selling - 1.29%. The replenishment and withdrawal fee is fixed for each currency and is debited from the account;|
|Portfolio||Bitpanda cryptographic 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 user's wallet keys. In addition, the following security measures are offered: Cold Storage; Session Control. Each login attempt from a new device requires confirmation of two-factor authentication; authentication and validation via email;|
The service started its work in 2013 and since then it offers the possibility to buy the two most popular currencies against fiat money 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 assets are transferred to the address provided by the user. Currently, the service has 2.3 million users in 188 countries.
|Cryptocurrencies||A platform for selling Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos and EOS;|
|Commissions and fees||A service fee of 5% is charged for the use of credit or debit cards. In addition, the platform charges 3.90% for the purchase of coins and 0.9% for their sale;|
|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;|
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's interface 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 cryptocurrency market. HitBTC supports trading in a wide range 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 social media advertising.
|Cryptocurrencies||800 currency pairs are traded on the platform today;|
|Commissions and fees||No commission for deposits and a fixed commission for withdrawals, depending on the currency; HitBTC uses a tiered system to calculate trading fees. The more trades a user makes, the lower your commission;|
|Portfolio||No wallet for cryptocurrencies;|
|Payment method||The HitBTC exchange can be replenished with digital currency only;|
|Security||The platform offers 2-factor authentication, high-quality encryption technology and cold storage of funds;|
Paxful is an international P2P marketplace for buying and selling Bitcoins, 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 bitcoins quickly. Paxful does not sell cryptocurrencies as such, the website has taken 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 und Tether|
|Commissions and fees||Commissions are charged for cryptocurrency sales: 0.5% for bank transfers; 1% for bank cards and electronic payments; 3-5% for gift cards; no commission is charged for cryptocurrency purchases; 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 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.|
|Application mobile||Paxful wallet for Android and iOS.|
When choosing an exchange, you should carefully check the terms of enrollment and withdrawal of funds. It is important to read users' reviews and check whether the company is involved in fraudulent activities or has been a victim of hacking. Also, make sure that the exchange has a high volume of transactions. 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 and reliable security methods.