Page Summary
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 5 Crypto Exchanges In Hong Kong
- BitMEX – Best overall crypto exchange.
- OKX – Best For Low Trading Fees
- Coinmama – Excellent platform with an intuitive interface.
- CEX IO – Great asset coverage and crypto margin trading.
- Crypto.com – Excellent portfolio and trading app.
Best Crypto Exchanges In Hong Kong – List
| Exchange | Overall Score | General info | Fees (Maker/Taker) | Spot Volume (BTC) | |
| #1 | BitMEX | 2.4 | Best overall crypto exchange | 0.02% /0.075% | $881,122 |
| #2 | OKX | 3.1 | Best For Low Trading Fees | 0.8% /0.8% | $790,030,092 |
| #3 | Coinmama | 2 | Excellent platform with an intuitive interface | 0.01%/0.00% | $808,571 |
| #4 | CEX IO | 4.6 | Great asset coverage and crypto margin trading | 0.16%/0.26% | $53,964,331 |
| #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…
1. 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 exchange’s 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.
Pros
- Access to 1:100 leverage
- Great Bitcoin trading options
- Multiple trading features for advanced traders
- Access to 15+ trading pairs
Cons
- Limited cryptos available
- Beginner features are lacking
Key features
- Great margin and leverage trading products
- High liquidity for Bitcoin trades
- Fast and reliable trade execution
- Competitive trading fees
2. OKX – Best For Low Trading Fees
OKX is a Malta-based cryptocurrency exchange established in 2014 that offers users access to crypto spot, futures, and derivatives trading. Besides offering access to over 600 cryptocurrencies, OKX users can trade with NFT’s and various crypto 2.0 products including crypto perpetuals, crypto swaps, and crypto options. Users can also generate a passive income using high yield crypto savings accounts, stablecoin staking, and liquidity farming.
OKX charges competitive trading fees of 0,08% maker/taker, that can be further reduced by up to 0,02% by holding OKT tokens. This makes them one of the cheapest crypto exchanges in the industry.
OKX also has a deep liquidity (currently ranked 5 in trading volume) and a slippage score of 500 that guarantees order execution even on the smallest altcoins.
Pros
- Competitive fees (0.8% maker/taker)
- Great availability of coins (600+)
- Simple trading features for beginners
- Advanced trading features and charting tools
- Great passive income options (staking, liquidity mining)
- Access to NFTs, perpetuals, swaps and options
Cons
- Low liquidity for certain coins
Key features
- 600+ available digital assets
- Industry lowest trading fees (0.08-0.10% maker/taker fee)
- Deep liquidity levels
- Passive income options (staking, and liquidity farming, high yield crypto saving)
- Integrated NFT trading platform
- Beginner to advanced trading features
3. Coinmama – Best Platform With An Intuitive Design
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 doesn’t offer an e-wallet or professional trading tools.
Pros
- Well regulated and licensed
- Easy to use trading platform
- Very good choice of deposit and withdrawal methods
- Good mobile application
- High levels of security
- Very good crypto wallet
Cons
- Limited number of crypto trading instruments
- Margin trading is not available
- Higher trading fees
- Not convenient for active traders
- No phone customer support
- Lacking some advanced features (savings, staking… )
Key features
- Spot crypto exchange for crypto investors (not traders)
- It an online crypto wallet where you can buy, sell, store and exchange most popular cryptocurrencies
4. Cex.io – Best Exchange With Great Asset Coverage
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%.
Pros
- Regulated and licensed
- Very good deposit and withdrawal options
- Very good customer support
- Great choice for mobile trading
- Very good Crypto wallet
Cons
- Low security ratings, being hacked previously
- Low trading volumes
- Limited educational content
Key features
- Spot and derivative crypto trading
- Automated trading available
- Provides opportunity to earn cryptos (staking, saving)
- Crypto backed loans are available
- CEX.IO credit card
5. Crypto.com – Best Crypto Exchange Trading App
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.
Pros
- Highest security standards
- Great offer of crypto trading instruments
- Very good trading platform
- Very good research and educational tools
- Very good mobile trading application
- Very good wallet
Cons
- Slow customer service
- Very complex fee schedule (if you do not hold Cronos tokens fees are high)
- Difficult to navigate
Key features
- Spot and margin crypto trading
- Crypto payments
- Crypto.com Visa Credit Card
- Staking, crypto loans
- Proprietary Cronos tokens
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 don’t 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 don’t 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 don’t have top-tier licenses and don’t 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.
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