Best Crypto Exchange In China

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This guide shares our findings on the best crypto exchanges in China. We have tested and analyzed 133 digital exchanges based on 8 distinct categories. We evaluated all characteristics of their offering, including costs, crypto apps, platforms, deposits & withdrawals, assets, security, and customer service. 

The crypto trading platforms with the best scores are below. 

Top 6 Crypto Exchanges In China

  1. Huobi Global – Best overall crypto exchange.
  2. BTCC – Best exchange for large volume trades.
  3. Binance – Well-established cryptocurrency trading platform with large trading volumes and liquidity.
  4. Gemini – In-house hot wallet, access to different coins.
  5. FTX – Advanced trading tools.
  6. Coinbase – Great trading platform and low fees.

Best Crypto Exchanges In China – List

ExchangeOverall ScoreGeneral infoFees (Maker/Taker)Spot Volume (BTC)
#1Huobi Global1.9Best overall crypto exchange0.1% /0.1%$56,229,065
#2BTCC4.4Large volume trades
#3Binance4.3Large trading volumes and liquidity0.1% /0.1%$806,899,070
#4Gemini4.5In-house hot wallet, access to different coins.0.01%/0.00%$808,571
#5FTX2Advanced trading tools0.16%/0.16%$45,934,113
#6Coinbase4.8Best crypto trading platform1.99%/1.99%$451,706,550

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

01. Huobi Global: Best Overall Crypto Exchange 

huobi-rating

Huobi Global is a leading decentralized Chinese crypto exchange. It is popular for its advanced tools and impressive coin selection. Huobi offers competitive trading fees for traders in China. It is a good fit for high-volume traders and professionals. 

Huobi offers access to a reliable trading platform with margin trading, futures, crypto staking, and crypto trading with bots. It has an attractive portfolio with 360 different coins. Huobi offers secure services and access to borrowing loans against crypto funding. 


02. BTCC: Best Exchange For Large Volume Trades 

btcc-rating

BTCC is a crypto exchange with its headquarters in the United Kingdom. It is a straightforward platform created to make crypto trading accessible to everyone. BTCC offers user-friendly services and platforms. 

This exchange has a simple platform available in English, Chinese, Japanese, and Korean. It offers a demo account to help traders learn more about crypto trading. BTCC keeps funds in a cold storage system and provides 61 altcoins, including BTC. 


03. Binance: Best Exchange For Large Liquidity And Trading Volumes 

binance-rating

Binance is the largest digital exchange in the industry and is a good fit for intermediate and advanced traders. It offers excellent services for traders who want to trade high volumes. Binance has an outstanding coin selection with popular altcoins. High-volume crypto enthusiasts receive low fees and professional order types. 

Binance has many premium account features. It offers bonuses, staking rewards, and OTC trading. Traders receive between 1 to 10% for holding different coins over time. 


04. Gemini: Best Exchange With A Secure In-House Hot Wallet 

gemini-rating

Gemini is a trustworthy digital exchange with attractive safety measures. It uses industry-leading safety protocols for all its services. Gemini is a good choice for experienced traders, as it has limited learning tools. 

The Gemini platform has a simple interface and smooth access to trading features. Gemini stores funds in an in-house hot wallet. It has an average portfolio with 102 coins and high trading costs. 


05. FTX: Best Exchange With Advanced Trading Tools 

ftx-rating

FTX is a secure, centralized exchange with a good reputation. It stands out because of its advanced crypto trading platforms and features. FTX has a straightforward platform with an intuitive design. 

This exchange has a transparent fee policy and offers competitive trading costs. Account holders receive access to futures, NFTs, and margin trading. FTX has an average coin selection with limited access to less popular coins. 


06. Coinbase: Best Platform For Trading Cryptos 

coinbase-cryptocurrency-exchange

Coinbase is a trustworthy exchange with a good reputation and a long track record as a secure exchange. It is a top choice for buying, selling, and exchanging cryptos globally. The Coinbase platform has 100+ crypto coins, including Bitcoin, Ethereum, and Litecoin. 

This exchange has a professional crypto platform, Coinbase Pro. It offers lower fees, professional tools, and access to different order types. Coinbase uses the best security protocols for all its platforms and services. 

 


How To Choose A Crypto Exchange? 

To choose a crypto exchange, you have many criteria to focus on, including crypto trading costs, mobile apps, deposits & withdrawals, coin selection, customer service, safety, and liquidity. 

Fees: We recommend avoiding crypto exchanges with high trading costs, overnight commissions, and hidden fees. A transparent fee structure contributes to an excellent online trading experience. 

Trading Platforms: Search for a crypto platform with an intuitive design and access to user-friendly tools. 

Mobile Trading: Traders need access to a secure crypto trading app at all levels. Apps need to offer the same services and tools as their web versions. 

Deposit & Withdrawal: Select an exchange provider with access to your preferred deposit and withdrawal options. 

Assets: We recommend choosing a provider with extensive coverage of different asset classes. Crypto traders should avoid exchanges that don’t offer popular altcoins. 

Customer Support: All traders need to use a crypto exchange platform with knowledgeable customer service available in their language. 

Liquidity: High trading volumes and liquidity offer you the guarantee you will be able to sell your crypto assets. 

Security: Prioritize centralized and secure exchanges with a clean history of hack attacks. Avoid providers that don’t offer penetration tests and proof of funds. 

*Safety Risks For Chinese Citizens

Chinese citizens face serious legal charges if they choose to trade cryptocurrencies in the country. The Chinese government states that all transactions of cryptocurrencies are illegal and subject to legal charges.

Regulation Of Cryptocurrency Exchanges in China

The People’s Bank of China (PBOC) issued a warning in 2021 that all cryptocurrencies and crypto-related activities are illegal in China. The Chinese authorities underlined that crypto coins are volatile and used in money laundering schemes. Traders in China receive access to global exchanges, but the activity remains illegal. China-based and offshore crypto exchanges are considered illegal. China is the second-largest Bitcoin mining country in the world. 

Is Cryptocurrency trading legal in China?

No, the Chinese government banned all crypto trading activities in 2021. As of June 2022, China has one of the world’s biggest crypto markets, and traders still participate in crypto mining and trading. The Chinese government advises against all trading activities and monitors closely all online trading transactions. Chinese traders face serious legal charges if they choose to invest in digital assets.

How to Start Trading WithHuobi Global

Huobi Global is a leading exchange with secure services, competitive fees, and an intuitive platform. Below are the steps you need to take to start trading with Huobi Global. 

Step 1: Open up the Huobi Global main website 

Access the Huobi Global main website under this link here: https://www.huobi.com/en-us/

Step 2: Click on the “Sign Up” button 

Click on the “Sign Up” button and fill in the requested information: phone/email address, username, and password. 

Step 3: Verify your Huobi account 

To buy crypto coins using the Huobi platform, you need to create a trading account, verify your account, and make a deposit. This will let you buy, sell, and hold crypto assets. 

Step 4: Buy cryptocurrencies 

Traders can buy, sell, or hold fractions of each crypto asset. To own a coin, you don’t need to buy the whole crypto coin. 

Conclusion

We recommend Huobi Global as the best exchange for Chinese traders. It offers trustworthy crypto services, crypto mining, and trading opportunities. Our second choice is BTCC because of its simple platform and large volume trades.  

FAQ

What Is A Centralized Cryptocurrency Exchange?

Centralized cryptocurrency exchanges are private providers offering access to cryptocurrency trading platforms. These exchanges are secure and follow strict rules. Centralized exchanges request identification, known as the Know Your Client rule. 

What Is A Decentralized Cryptocurrency Exchange?

Decentralized cryptocurrency exchanges (DEXs) are providers with no central control point. These work as servers and have an exact copy of the entire exchange on different devices. A DEX uses a powerful protocol, the “automated market maker.” It relies on user-contributed liquidity pools to enable trading without a central trading desk. 
Decentralized exchanges don’t follow any regulatory body or KYC rules. A DEX is challenging to hack directly but comes with significant risks if misused. You risk losing your funds if you select a DEX to trade crypto coins. 

Is Crypto Fully Banned In China? 

In 2021, China’s government banned crypto mining and trading activities to implement its official digital currency, the e-CNY or “digital renminbi.” The citizens of China continue to mine and support cryptocurrencies despite the ban. 

Does China Have A Digital Coin? 

Yes, China released the Digital Yuan in 2022, available through a powerful mobile app. Its official name is the e-CNY. 

How Much Bitcoin Does China Own? 

Experts say that around 20% of the worldwide Bitcoin network remains in China. As a nation-state, China does not own Bitcoin.

Can You Own NFTs in China? 

The Chinese government made it clear that they do not welcome financial elements of the digital economy, including NFTs.  


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.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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