Hong Kong Bitcoin & Crypto Exchange Guide: Getting BTC With Your HKD in 2022

Binance is considered the most popular crypto exchange platform, offering top exchange services. It supports a range of products including 200 crypto assets and several fiat currencies like INR, KZT, USD, EUR, RUB, NGN, UAH, etc. Using Binance, you can convert cash to cryptocurrency and store the assets in your personal wallet.

Binance exchange charges a 0.1% spot trading charge, and for an instant buy/sell fee, the platform charges 0.5%. This platform has many payment/deposit options used by an average digital currency investor, including crypto payment, direct bank deposit, debit/credit card, Simplex, Via Banxa, and 60 more options. One drawback is Binance’s overburdened customer support service which has drawn criticisms from its users.

Coinbase is believed to be the most trusted major exchange, acting as a crypto trading hub for over 50 crypto assets, including Bitcoin, Ethereum and Litecoin. The Hong Kong currency is not supported in Coinbase, but there are multiple other fiats supported. Therefore, a user can convert their cash into cryptocurrency and enjoy crypto’s benefits.

Coinbase supports several payment alternatives, including bank account, debit card, wire transfer, PayPal, and several other options. For transactions worth $10 or less, the standard fee is $0.99, but any transactions higher are charged an average spread fee of 0.5%. Coinbase fosters account security using two-factor authentication systems.

CEX.IO is a crypto exchange that was founded in 2013 to provide excellent cryptocurrency brokerage services. The platform has multiple payment forms, including bank transfers(leveraging SWIFT), card payments, etc. Moreover, the platform supports multiple fiat currencies, including USD, EUR, GBP, RUB.

This platform supports a few digital currencies, including bitcoin, bitcoin gold, Ethereum, Bitcoin Cash, Zcash, and Dash. The trading fees are adjustable based on the 30-day trading volume, with the lowest fee being 0.1% for takers and 0 for makers. accordingly, CEX.IO promises its users a secure experience when trading.

Poloniex is a crypto exchange platform launched in 2014 to provide world-class crypto brokerage services for over 100 currencies, including bitcoin and Ethereum. The platform supports multiple national, local currencies like AUD, USD, EUR, CAD, ZAR, UYU, and several others.

The platform implants several deposit methods, including direct coin deposit or fiat funding using a Simplex account or bank cards. Poloniex fee schedule also depends on the number of crypto assets transacted per month.

Paybis is a UK-based digital asset exchange platform providing great crypto investment options. The platform has a standard trading fee of 2.49%, and for small deposits, the minimum fee is $10.

Currently, Paybis supports at least ten crypto assets, including bitcoin cash, ripple, bitcoin, and Ethereum. Accordingly, Paybis supports over 47 fiat currencies, including USD, EUR, etc. The most common funding methods in Paybis include Skrill, Neteller, debit/credit card, bank transfer.

Launched in Israel in 2013, Coinmama has been providing top virtual currency exchange services. Coinmama supports a variety of payment options, including Mastercard and Visa. The transaction fees in Coinmama are at a standard 5.5%, and the platform proves very expensive.

Currently, Coinmama supports crypto assets like BTC, ETC, ETH, BCH, ADA, and XTZ. Coinmama also supports many fiat currencies like CAD, EUR, USD, GBP, AUD, etc. Although expensive, the platform offers a safe customer experience even when trading volatile investment products like Bitcoin.

Kraken is a crypto exchange platform launched in 2011 to provide excellent crypto trading options. Currently, Kraken supports over 50 cryptocurrencies and multiple national currencies like EUR, USD, AUD, CAD, CHF, GBP, and JPY. Using Kraken, you can exchange between currencies of different nature i.e, digital and traditional.

The platform supports multiple payment methods like Fedwire, SWIFT, SEPA, wire transfer, including debit and credit card options are used in limited cases. The trading fee for Kraken ranges between 0% to 0.26%.

Coinswitch is a crypto trading platform boasting over 4 million users. Coinswitch supports over 300 cryptocurrencies, including bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, and over 45k trading pairs.

The platform charges a fee ranging from 0-0.98% of the transaction fee. Coinswitch has a limited number of payment methods like MasterCard, Visa, but it is like the more convenient fiat-based methods like Paypal.

Bittrex is a crypto exchange platform launched in 2013 to provide virtual currency investment options. The platform instilled several payment alternatives, including wire transfer, bank cards, SEPA, and crypto payments.

The makers and takers fee in Bittrex is 0.2%, while deposits with Visa are charged 3%. The fiat options supported include EUR, GBP, and USD, while the crypto options are BTC, ETH, EOS, BCH, DASH, ADA, etc.

Paxful is a peer-to-peer exchanges network designed to connect users to complete trades. The platform accepts around three hundred payment methods, including Paypal, wire transfers, Amazon gift cards, credit cards, and western union, Mpesa. The platform fees are charged to the sellers at 1%.

The platform implants systems like 2-factor authentication and others to help protect user funds. Among the cryptocurrencies supported include bitcoin and tether. As a peer-to-peer platform, the fiats depend on the country of origin of the buyer.