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The Best Crypto Exchange in Hong Kong: A Comprehensive Guide

Looking for the best crypto exchange in Hong Kong? Read on to learn more!

In the last year, the crypto market has seen some phenomenal growth. The total value of the industry has gone from $18 billion to over $500 billion.

More and more people have started taking note of this explosive trend, which has led to an influx of new users signing up for exchanges and buying their first digital tokens.

Within this context, we’ll explain everything you need to know about crypto exchanges in Hong Kong. From the pros and cons of using them to what exchanges are and how they work, this article covers it all with relevant examples.

What to Look for in a Crypto Exchange

Before you dive into the specifics of exchanges in Hong Kong, you need to get familiar with the things that make an exchange great. These are the main factors you should look at when deciding which exchange to sign up for:

Security – Security should always be your top concern when choosing an exchange. Fortunately, most exchanges have robust security systems in place to protect their users’ funds.

Liquidity – The liquidity of an exchange refers to how easily you can buy or sell your coins. You want to avoid exchanges with low liquidity, as that may make it difficult for you to sell your coins if you need to.

Fees – The fees charged by exchanges are an inevitable part of the trading process. However, it’s possible to find exchanges that charge lower fees.

Binance: Our top choice for best crypto exchange in Hong Kong

Binance is one of the biggest and most popular exchanges in the world. It’s headquartered in Malta and has become known for its robust security, user-friendly interface, and large selection of cryptocurrencies.

Binance’s main advantage is that it allows you to purchase a wide variety of altcoins with Bitcoin. It’s also one of the few major exchanges that has no fiat trading pairs, which is a pro if you’re concerned about centralization. If you’re interested in purchasing Bitcoin (or any other altcoin) with fiat, you’ll need to look elsewhere.

Binance also charges a 0.1% fee for all trades. Other exchanges charge up to 0.25%, so Binance is one of the cheaper options out there.

Huobi: The best crypto exchange alternative to Binance

Huobi is another major exchange headquartered in Asia. Like Binance, it has a robust security system and a wide selection of altcoins. It also allows you to purchase cryptocurrencies with fiat. Huobi has a strong presence in Southeast Asia and is often the first exchange new users encounter when getting started. It has multiple language options, convenient user tools, and a large variety of coin pairs.

Like Binance, Huobi is free to use and charges 0.2% on all trades. If you’re looking to buy or sell Bitcoin, you have to create a separate account and deposit funds into it. Huobi is an excellent alternative to Binance, although it’s worth noting that Binance has a wider selection of altcoins.

KuCoin: Solid option with many cryptocurrencies

KuCoin has quickly risen to become one of the top crypto exchanges in the world. Based in Hong Kong, it has built its reputation around a robust trading engine, easy-to-use interface, and an ever-growing selection of altcoins.

KuCoin’s selection of coins is one of the widest in the world. In fact, it lists more than 550 different tokens and expects that number to grow. Apart from Bitcoin, you can also trade for alternative coins such as Ethereum, IOTA, EOS, and NEO.

KuCoin has a strong reputation and is generally considered safe to use. However, it’s important to note that it has been known to ban users from time to time, especially if they appear to be violating trading regulations.

Coinbase – A Solid Choice for New Investors

Coinbase is one of the world’s first crypto exchanges and remains one of the most popular choices for people looking to get started with digital assets. As a beginner, Coinbase is a good choice for two reasons: It’s easy to use and has low fees.

If you want to buy cryptocurrencies with fiat money, you’ll need to sign up for a Coinbase account and link it to a bank account. However, if you want to purchase other coins like Bitcoin, Litecoin, Ethereum, or Bitcoin Cash, you’ll need to sign up for an account on another exchange—like GDAX, which is Coinbase’s trading platform.

Kraken: An crypto exchange option for more advanced traders

Kraken is one of the oldest cryptocurrency exchanges in existence. It was founded back in 2011 and has since become one of the top trading platforms in the US.

Kraken is an excellent option if you’re looking to trade more than one or two coins. It offers more than 15 different coins, including Bitcoin, Ethereum, and Litecoin.

Moreover, it supports both fiat-to-crypto and crypto-to-crypto trading. The major drawback with Kraken is that it doesn’t support fiat-to-crypto trading. If you want to purchase other coins with fiat money, you’ll need to look elsewhere.

HitBTC – A Solid Long-Term Investment Option

HitBTC is the world’s largest altcoin exchange, with a wide selection of coins that includes everything from REPs to NEO. It also offers an advanced platform for traders, which includes an aggressive trading bot, margin trading, and a high-liquidity order book.

HitBTC is an excellent option for long-term investors who are looking for low-risk but high-reward investment opportunities. Unlike most other exchanges, it doesn’t charge fees for deposits or withdrawals.

In addition to no fees, HitBTC also offers high liquidity and a low barrier to entry. Traders can easily use the exchange in order to earn passive income by using the built-in smart contract trading bot.

Wrapping up: Where to go from here

In this guide, we’ve explored what crypto exchanges are, what makes a great exchange, and six of the best exchanges in Hong Kong. We’ve also discussed what to look for in an exchange and what makes each one special. Now, it’s up to you to decide which exchange is best for you. Ready to dive into the world of crypto? Start by signing up for an exchange. From there, the world is your oyster.

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