Best Crypto Exchange in Hong Kong


Regal Wallet Banner

In this article, we talk about the best crypto exchanges in Hong Kong. We went over and analyzed 133 crypto exchanges in 8 different categories. We evaluated every feature of their service, including crypto trading costs, platforms, deposits & withdrawals, customer service, asset portfolio, security, and liquidity. 

The highest scoring crypto platforms are in the list below. 

Top 6 Crypto Exchanges In Hong Kong

  1. BitMEX – Best overall crypto exchange.
  2. Kikitrade – Best social investment platform.
  3. Coinmama Excellent platform with an intuitive interface.
  4. CEX IO – Best automated crypto trading tools. Great assets coverage and crypto margin trading.
  5. Paybis – Best exchange with many funding solutions.
  6. Crypto.com – Excellent portfolio and trading app.

Best Crypto Exchanges Hong Kong – List

Exchange Overall Score General info Fees (Maker/Taker) Spot Volume (BTC)
#1 BitMEX 2.4
#2 Kikitrade 3.7
#3 Coinmama 2 Best Security Standards 0.01%/0.00% $808,571
#4 CEX IO 4.6 Great assets coverage and crypto margin trading 0.16%/0.26% $53,964,331
#5 Paybis 4.5
#6 Crypto.com 4.3 Excellent portfolio and trading app 1.99%/1.99% $451,706,550

This section below breaks down the best crypto trading platforms in Hong Kong, beginning with the best rated…

01. BitMEX: Best Overall Crypto Exchange 

BitMEX is a leading peer-to-peer crypto trading platform. It is a good choice for traders interested in leverage trading and margin trading. BitMEX uses industry-leading APIs to offer valuable trading knowledge. 

This exchanges trading platform offers access to many tools and services for traders at all levels. BitMEX offers Bitcoin swap contracts and access to a comprehensive portfolio with Bitcoin, Ethereum, and Bitcoin Cash. It has low trading fees and high liquidity on traditional futures. 


02. Kikitrade: Best Crypto Social Investment Platform 

kikitrade-rating

Kikitrade is a leading crypto exchange in Hong Kong created with a focus on millennials. It offers excellent security and intuitive platforms. Kikitrade has access to the same learning tools and research resources. It provides access to an interactive community to exchange crypto trading ideas. 

Kikitrade has a license from the AUSTRAC and follows strict KYC and AML rules. It has competitive trading fees and a low minimum deposit of $1 USD. 


03. Coinmama: Best Platform With An Intuitive Design 

coinmama-rating

Coinmama is a popular crypto exchange platform with secure services and an excellent trading experience. It is a top option for traders searching for high-security standards. Coinmama has above the industry average trading fees. 

This exchange offers an intuitive platform with a simple-to-learn design. It provides fast buy and sell services for traders at all levels. Coinmama doesnt offer an e-wallet or professional trading tools. 


04. CEX IO: Best Exchange With Great Asset Coverage 

cex-io-rating

CEX IO is a well-established cryptocurrency exchange. It has excellent asset coverage with a stunning selection of coins. It offers nine crypto asset classes, including Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. 

CEX IO has a professional trading platform with cross-platform trading services and advanced tools. It offers staking rewards and a transparent fee structure. The deposits at CEX IO have a fee of 2.99%. 


05. PayBis: Best Exchange With Many Funding Options 

paybis-rating

PayBis is a reliable cryptocurrency exchange with an outstanding portfolio. Its platforms are user-friendly and offer a clean interface. PayBis offers 24/7 chat support, being a top choice for traders at all levels. 

This exchange offers many funding options and a simple fee structure. It has credit cards, Skrill, Neteller, and bank transfers. The Financial Crimes Enforcement Network authorizes PayBis to operate as a financial products business. PayBis follows high-security standards. All its platforms and accounts use industry-leading safety protocols. 


06. Crypto.com: Best Crypto Exchange Trading App 

crypto.com-rating

Crypto.com is a fast-adopting crypto exchange with access to modern services and platforms. It has e-wallets, a credit card, and staking services. Crypto.com offers access to a comprehensive portfolio with NFTs and popular altcoins. 

This exchange has competitive trading fees for all account tiers. It offers bonuses and rewards depending on the coins you trade. The Crypto.com app is secure and available worldwide. It has a clean interface and access to valuable trading tools. 


How To Pick a Crypto Exchange?

The main aspects to remember when picking a crypto exchange include costs, mobile apps, deposits & withdrawals, customer support, asset portfolios, liquidity, and safety. 

Fees: You should avoid crypto exchanges with high fees on trades, overnight fees, and hidden fees. 

Trading Platforms: Look for user-friendly, easy-to-learn crypto exchanges. We recommend you choose a platform with fast executing rates and access to many tools. 

Mobile Trading: Mobile apps need to offer the same trading experience as their web versions. Look for an app with the same tools and charts as its other versions. 

Deposit & Withdrawal: Select a crypto exchange with access to your preferred deposit and withdrawal methods. 

Assets: We recommend you choose a platform with the best asset coverage. Crypto traders should avoid exchanges that dont offer popular altcoins, such as Ethereum, Tether, Polygon, and Cardano. 

Customer Support: Traders at all levels should consider a platform with access to knowledgeable and responsive support available in their language. 

Liquidity: Look out for high trading volumes and liquidity. This will guarantee you will be able to sell your cryptos. 

Security: Prioritize exchanges with top-tier licenses, penetration tests, and a clean history of hack attacks. 

*Safety Risks For Hong Kongers

Trustworthy cryptocurrency exchange for Hong Kong citizens is government-regulated and has a trading license. Larger exchanges have a banking history.

Regulation Of Cryptocurrency Exchanges in Hong Kong

The regulation of crypto exchanges in Hong Kong is still unclear, but many official regulators issued laws concerning online trading activities. The Hong Kong Monetary Authority (HKMA) oversees virtual assets and virtual asset service providers. The HKMA and the Securities and Futures Commission (SFC) manage all financial activities, including crypto trading. All providers offering crypto trading services in Hong Kong need to register with the HKMA and follow strict AML and KYC rules.

Is Cryptocurrency trading legal in Hong Kong?

Hong Kong has unclear regulations regarding crypto. It allows traders to invest in digital coins with exchanges that are under strict HKMA supervision. Bitcoin is viewed as a virtual commodity and not as legal tender. AML and CFT laws apply to every business and individual in Hong Kong. 

How To Start Trading With BitMEX? 

BitMEX is a popular crypto exchange in Hong Kong because of its simple fee structure, user-friendly platforms, and tools. Below are the steps you need to take to start crypto trading with BitMEX. 

Step 1: Open up the BitMEX official website 

Find the link to the BitMEX crypto section under this link here –https://www.bitmex.com/buy-crypto

Step 2: Click on the Register button 

Click on the Register Button and submit your email address. Create a new password and agree with the Terms of Service. 

Step 3: Verify Your BitMEX account 

To buy cryptos using BitMEX, you have to create a trading account, verify your account, and make an initial deposit. Check your email address and follow the steps necessary to verify your BitMEX account. 

Step 4: Buy Cryptos 

You can buy, sell, or hold fractions of many crypto assets. To own a crypto coin, you dont need to purchase the whole currency. 

Conclusion

BitMEX is the best crypto exchange in Hong Kong. It offers trustworthy services, competitive fees, an intuitive platform, and access to different crypto assets. Kikitrade comes in second place because of its professional social investment platform.  

FAQ

What Is A Centralized Exchange?

A centralized exchange is a private company that follows strict rules and offers industry-leading crypto trading platforms. These exchanges request identification, known as the Know Your Client rule.

What Is A Decentralized Exchange?

A decentralized exchange (DEX) is a provider with no central control point. It acts as a server with an exact copy of the exchange on different devices. A DEX uses an automated market maker protocol and user-contributed liquidity pools for trading. These protocols enable trading between crypto enthusiasts and do not require a central trading desk or order book.
DEXs dont have top-tier licenses and dont follow the rules of any regulatory body. These are difficult to hack but come with significant crypto trading risks. If you use this type of exchange, you risk losing all your funds.

Can You Buy Crypto In Hong Kong?

Yes, you can buy crypto in Hong Kong with a cryptocurrency exchange like BitMEX.

Is Crypto Taxable In Hong Kong?

Crypto is taxable in Hong Kong only if the gains are Hong Kong sourced.

How To Cash Out Bitcoins In Hong Kong?

Traders in Hong Kong cash out Bitcoins with Bitcoin ATMs. Bitcoin ATMs are available throughout the city with most of them in Central, Causeway Bay, Wan Chai, Tsim Sha Tsui, and Mong Kok.

Which Digital Wallet To Use In Hong Kong?

Electrum is a popular digital wallet in Hong Kong. It is available on Windows, Mac, and Linux computers.

Is It Illegal To Mine Crypto In Hong Kong?

There is no clear legislation aimed at restricting crypto mining in Hong Kong.


Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Disclaimer

eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Past performance is not an indication of future results. Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.