9 Best Hong Kong Crypto Exchanges for 2025
The best Hong Kong crypto exchanges provide access to Bitcoin (BTC) and other popular digital assets in a safe environment. According to our extensive research, HashKey Exchange is the overall best option, with its licensed platform offering free HKD deposits, competitive trading commissions, and features such as recurring orders and technical indicators.
While crypto trading is legal in Hong Kong, the Securities and Futures Commission (SFC) must approve local exchanges. And as domestic platforms typically support only large-cap assets, residents often need to use offshore exchanges to access more volatile crypto markets. Traders looking to trade in meme coins typically turn to overseas exchanges.
To rank the best exchanges for Hong Kong retail clients, we opened accounts with over 20 local and international service providers. We examined the most important factors for investors, including trading fees, supported assets, HKD payment methods, and security.
The Top Hong Kong Crypto Exchanges Compared
Here are the best Hong Kong crypto exchanges for 2025, according to our research methodology:
| Exchange | Markets | Maker/Taker Fees | HKD Deposits | Hong Kong License |
|---|---|---|---|---|
| HashKey Exchange | 20+ | 0.29% | FPS bank transfers | SFC-approved VATP (BPL992) |
| Kraken | 560+ | 0.25% / 0.4% (the basic platform charges convenience fees) | HKD is not supported. Payment types in other currencies include debit/credit cards, PayPal, and bank wires (FX fees apply) | No HK license. Licensed in the US, EU, UK |
| OSL | 35+ | 0% / 0.05% | Local bank transfers | SFC-approved VATP (BPJ213) |
| Coinbase | 330+ | 0.4% / 0.6% (the basic platform charges convenience fees) | SWIFT | No HK license. Licensed in the US, EU, UK |
| Best Wallet | 1,000+ | Built into the final exchange quote | Debit/credit cards, Google/Apple Pay, PayPal, Skrill, Neteller, and more | Not regulated as a non-custodial wallet |
| Bullish | 27+ | 0% / 0.03% | Local bank transfers | SFC-approved VATP (BUQ956) |
| BloFin | 450+ | 0.1% | Debit/credit cards and Google/Apple Pay | None |
| WEEX | 1,700 | 0.1% | Debit/credit cards and Google/Apple Pay | None |
| PrimeXBT | 100+ | 0.01% / 0.045% | Volet | No HK license. Licensed in South Africa, Seychelles, Mauritius, and El Salvador |
The Top 9 Hong Kong Crypto Exchanges Reviewed
Learn more about the top crypto providers for Hong Kong traders. We discuss SFC-approved virtual asset trading platforms (VATP), plus reputable offshore exchanges. Key research factors include safety, supported payment methods, listed markets, and user-friendliness.
1. Hashkey Exchange – the Overall Best Hong Kong Exchange
- Supported Coins: 20+
- Maker/Taker Fees: 0.29%. Discounts available on higher trading volumes
- Payment Methods: FPS bank transfers
- Regulatory Status: SFC-approved VATP (BPL992)
In our view, HashKey Exchange is the overall best crypto exchange in Hong Kong for retail clients. The SFC-approved VATP is a safe and licensed provider that offers fee-free HKD deposits. FPS bank transfers arrive instantly, although the exchange’s KYC policy requires a HK$10,000 minimum on the first deposit. The minimum drops to $0.01 thereafter.
The exchange supports five HKD crypto pairs: BTC, Ethereum (ETH), Tether (USDT), Aptos (APT), and IoTeX (IOTX). Additional USD markets are available, including top altcoins like XRP (XRP), Polygon (POL), and Solana (SOL). The trading platform enables market and limit orders, and extensive charting functionality includes drawing tools and indicators.
Regarding fees, traders pay standard trading commissions of 0.29% per side. HashKey Exchange offers lower commissions to VIP clients, requiring 30-day trading volumes of at least $10,000. Note that a $1.99 minimum commission applies per trade. Users incur a $5 charge on HKD withdrawals, and crypto transfers vary by coin or token.
Hashkey Exchange Key Takeaways
- The overall best crypto exchange in Hong Kong
- An SFC-approved exchange with a solid regulatory framework
- Fee-free HKD bank transfers via FPS
- Trade 20+ cryptocurrencies against HKD and USD
- The platform segregates client-owned assets
- Transparent pricing structure with competitive fees
- Charting tools include indicators and trend lines
- The recurring buy feature supports dollar-cost averaging
- The exchange supports just one meme coin
- Users cannot deposit funds with debit/credit cards or e-wallets
2. Kraken – Best Offshore Crypto Exchange for Hong Kong Residents
- Supported Coins: 560+
- Maker/Taker Fees: 0.25% / 0.4% (the basic platform charges convenience fees). Discounts available on higher trading volumes
- Payment Methods: HKD is not supported. Payment types in other currencies include debit/credit cards, PayPal, and bank wires (FX fees apply)
- Regulatory Status: Not SFC-approved, but licensed in the U.S., Europe, the UK, and other global jurisdictions
Founded in 2011, Kraken is a Tier 1 crypto exchange headquartered in the U.S. While the platform lacks SFC approval, experts consider Kraken one of the safest exchanges worldwide. In addition to U.S. regulation, it holds licenses in the UK, Europe, Singapore, Canada, and other global jurisdictions.
Kraken employs bank-grade security with cold storage mechanisms and boasts a perfect and relatively rare safety record since its inception. The exchange lists over 560 cryptocurrencies for trade, including top meme coins like Dogecoin (DOGE) and Pepe (PEPE). It also offers perpetual futures markets with a maximum leverage of 50x.
While the platform does accept Hong Kong residents, it lacks direct support for HKD payments. Users deposit and withdraw major currencies such as USD and EUR through debit/credit cards, PayPal, and SWIFT. Hong Kong traders incur FX fees; that said, trading commissions of 0.25% (makers) and 0.4% (takers) ensure a cost-effective experience.
Kraken Key Takeaways
- Regulated offshore exchange with multiple Tier 1 licenses
- Hong Kong residents can invest in over 560 cryptocurrencies
- A basic and advanced platform is available on desktops and mobiles
- One of the longest-standing crypto exchanges globally
- Trade hundreds of crypto pairs in a regulated environment
- Its security framework includes cold storage and two-factor authentication
- Access perpetual futures with 50x leverage
- Deep liquidity provides competitive bid-ask spreads
- No direct support for HKD payments
- The basic dashboard charges convenience fees
3. OSL – Best HK Crypto Exchange for Low Trading Fees
- Supported Coins: 35+
- Maker/Taker Fees: 0% / 0.05%. The flash trade feature offers 0% commissions plus market spreads
- Payment Methods: Local bank transfers
- Regulatory Status: SFC-approved VATP (BPJ213)
OSL is an established Hong Kong crypto exchange with SFC licensing. The publicly listed company, which operates the region’s largest Bitcoin spot ETF, is the best option to secure low trading fees. Makers and takers pay standard trading commissions of 0% and 0.05%, respectively. Alternatively, the flash trade feature offers instant execution on a spread-only basis.
The exchange lists over 35 crypto markets and HKD pairs include BTC, ETH, SOL, and USDT. Traders access additional assets like Uniswap (UNI), Litecoin (LTC), and Bitcoin Cash (BCH) through USD-denominated markets. OSL offers a basic platform for beginners, as well as a comprehensive trading dashboard for experienced pros.
Hong Kong investors deposit HKD through local bank transfers. The minimum account requirement is just $0.01, and no deposit fees apply. Withdrawals are also fee-free, yet users must cash out at least $400.
OSL Key Takeaways
- Buy and sell cryptocurrencies at 0% commission
- The flash trade feature simplifies trading for beginners
- CNBC rates OSL as a top FinTech company for digital assets
- A safe and licensed exchange with a Hong Kong Stock Exchange listing
- Invest in digital assets with industry-leading trading fees
- Fee-free deposits and withdrawals through local transfers
- Minimum trading requirement of just $1
- Institutional services include OTC trading and custodianship
- The provider supports just six HKD crypto pairs
- Only professional investors can earn staking yields
4. Coinbase – Best Exchange in Hong Kong for Beginners
- Supported Coins: 330+
- Maker/Taker Fees: 0.4% / 0.6% (the basic platform charges convenience fees). Discounts available on higher trading volumes
- Payment Methods: SWIFT
- Regulatory Status: Not SFC-approved, but licensed in the U.S., Europe, the UK, and other global jurisdictions
Coinbase is an established crypto exchange with over 100 million global clients. Multiple regulatory bodies license the NASDAQ-listed entity, including authorities in the U.S. and Europe. The exchange lacks SFC approval, yet it allows Hong Kong investors to open an account and deposit HKD through SWIFT. No deposit fees apply, although funds take several days to arrive.
We found that Coinbase is the best Hong Kong exchange for beginners. Its basic platform lets users invest in over 330 digital assets through a one-click process. Users state the crypto and purchase size, and Coinbase processes the order at the next best available price. The main drawback is fees, since basic orders incur a 1.49% trading commission.
Coinbase Advance, which suits experienced traders, offers more competitive fees. Traders pay 0.4% and 0.6% on limit and market orders, respectively. The platform reduces commissions when traders increase their 30-day volume.
Coinbase Key Takeaways
- A heavily regulated trading platform with over 100 million users
- The best option for first-time crypto investors in Hong Kong
- Gain exposure to over 330 altcoin markets
- A safe crypto exchange that holds several Tier 1 licenses
- The one-click investment process appeals to inexperienced investors
- 24/7 live chat support offers fast response times
- The platform charges high trading commissions
- SWIFT is the only payment method available to Hong Kong traders
- Despite its strong regulatory status, the SFC has not approved Coinbase
5. Best Wallet – Best Non-Custodial Wallet to Trade Crypto in Hong Kong
- Supported Coins: 1,000+
- Maker/Taker Fees: Built into the final exchange quote
- Payment Methods: Debit/credit cards, Google/Apple Pay, PayPal, Skrill, Neteller, and more
- Regulatory Status: No licensing requirements as a non-custodial wallet
As a non-custodial wallet, Best Wallet is an alternative way to trade cryptocurrencies in Hong Kong. Users manage their private keys on a smartphone, which eliminates exchange counterparty risks. Traders can buy, sell, store, and transfer digital assets freely, and without revealing their identity.
The Best Wallet app lets investors buy over 1,000 coins and tokens with instant payment methods. You can deposit through methods including PayPal, Skrill, Neteller, Google Pay and Apple Pay, Visa, and MasterCard. There are small purchase minimums, and the competitive fees ensure a positive trading experience. Meanwhile, the beginner-friendly interface requires no learning curve.
The wallet also features a built-in decentralized exchange (DEX) that connects to hundreds of liquidity pools, as well as a native launchpad for new cryptocurrency projects. Besides encrypted private key management, Best Wallet users protect their assets with biometrics and two-factor authentication.
Best Wallet Key Takeaways
- Buy, sell, and trade digital assets through non-custodial storage
- Users control their private keys and seed phrases exclusively
- The app requires no personal information or know-your-customer (KYC) documents
- Invest in and store cryptocurrencies in a decentralized framework
- Buy over 1,000 digital assets with debit/credit cards and e-wallets
- Protection mechanisms include biometrics and two-factor authentication
- Swap millions of tokens across different blockchain ecosystems
- The wallet and exchange offer a smartphone-only experience
- Users must understand basic wallet best practices to stay safe
[/su_note] Visit Best Wallet
6. Bullish – Best Hong Kong Crypto Exchange for Qualified Investors
- Supported Coins: 27+
- Maker/Taker Fees: 0% / 0.03%
- Payment Methods: Local bank transfers
- Regulatory Status: SFC-approved VATP (BUQ956). Qualified Hong Kong investors only.
Bullish is an institutional-grade crypto exchange that serves qualified Hong Kong investors only. This stipulation requires a minimum portfolio value of $8 million. Eligible traders access 27 cryptocurrencies, and market makers receive 0% commission on all listed pairs. Takers pay between 0% and 0.03%, depending on the market.
The native trading dashboard provides experienced traders with high-level tools. Features include custom charts with real-time pricing, indicators, and insights like market depth and order book data. Those with proprietary trading systems use the exchange’s API service to streamline internal strategies.
As an institutional-focused platform, it employs best-in-class security. The licensed exchange leverages cold storage mechanisms, client-fund segregation, and multi-signature safeguards. The provider also uses BitGo and Fireblocks for custodianship.
Bullish Key Takeaways
- The best Hong Kong crypto exchange for qualified investors
- Access global liquidity pools with ultra-tight spreads
- Robust security tools include client-fund segregation and multi-signature technology
- Makers get 0% commissions on all trading markets
- Offers high-level trading tools and API integration for advanced traders
- Individual traders need a minimum portfolio value of $8 million
- The provider lacks support for HKD pairs
- An extensive KYC onboarding process can take days
- Customer support is available through email only
7. Blofin – Best Hong Kong Crypto Exchange for No-KYC Trading
- Supported Coins: 450+
- Maker/Taker Fees: 0.1%
- Payment Methods: Debit/credit cards and Google/Apple Pay
- Regulatory Status: None
BloFin is a legitimate crypto exchange with a wide range of trading features. The offshore platform suits Hong Kong traders who want to avoid KYC requirements. New accounts require an email address or mobile number only, and unverified users withdraw up to 20,000 USDT daily without ID verification.
The spot exchange lists over 450 coins and tokens, and the most popular markets include BTC, SOL, XRP, BNB (BNB), and Cardano (ADA). As an unlicensed platform, BloFin pairs include stablecoins like USDT and USDC (USDC). Derivative traders access hundreds of perpetual futures markets with leverage of up to 150x.
BloFin partners with Simplex and Alchemy to support HKD payments. Instant purchase methods include Google/Apple Pay and debit/credit cards. While the quick buy feature is limited to three assets, most users purchase USDT to access the broader BloFin ecosystem. One drawback to consider is that BloFin allows crypto withdrawals only.
Blofin Key Takeaways
- A diverse digital asset library with over 450 coins and tokens
- Markets include spot trading and perpetual futures
- Unverified traders withdraw up to 20,000 USDT daily
- A top Hong Kong crypto exchange to avoid KYC verification
- HKD deposit methods include Visa, MasterCard, and Google/Apple Pay
- Major futures markets offer leverage of up to 150x
- Exchange users cannot withdraw HKD
- Third-party gateway fees can be expensive
- The offshore platform has no regulatory structure
8. WEEX – Best Altcoin Exchange in Hong Kong for Asset Diversification
- Supported Coins: 1,700+
- Maker/Taker Fees: 0.1%. Discounts available on higher trading volumes
- Payment Methods: Debit/credit cards and Google/Apple Pay
- Regulatory Status: None
With over 1,700 listed altcoins, WEEX is a great choice for crypto diversification. Alongside major markets like ETH, SOL, and BNB, account holders access meme coins, new decentralized finance (DeFi) projects, and innovative startups from the real-world asset (RWA) and gamification niches.
Small trading minimums allow traders to diversify on a budget. The exchange offers competitive trading commissions, too, as makers and takers pay just 0.1% per side. Trading larger monthly volumes unlocks fee discounts. The top VIPs get commission-free access to all available markets, as well as dedicated customer support and exclusive crypto airdrops.
The offshore provider offers anonymous accounts when users withdraw less than 10,000 USDT per day. Investors who require higher limits or to buy cryptocurrencies with HKD must complete a basic KYC process. Verified users purchase digital assets instantly with Google/Apple Pay or debit/credit cards.
WEEX Key Takeaways
- A popular offshore exchange with over 6 million traders
- A great option to diversify across 1,700 crypto markets
- Unverified traders get daily withdrawal limits of 10,000 USDT
- Competitive spot trading commissions of 0.1%
- Instant deposit methods include e-wallets and debit/credit cards
- Hong Kong traders receive no regulatory investor protections
- Withdrawal methods include digital assets only
- Some pairs lack sufficient liquidity for large orders
- The simulated platform does not support spot trading markets
9. Primexbt – Best Crypto Trading Platform in Hong Kong for Leveraged Futures and Cfds
- Supported Coins: 100+
- Maker/Taker Fees: 0.01% / 0.045%. Discounts available on higher trading volumes
- Payment Methods: Volet
- Regulatory Status: Not SFC-approved, but licensed in South Africa, Seychelles, Mauritius, and El Salvador
PrimeXBT specializes in derivative trading products with high leverage multipliers. Hong Kong traders go long and short on over 100 cryptocurrencies via perpetual futures. The BTC/USDT pair offers 400x leverage, which converts to an initial margin of just 0.25%.
Makers and takers pay futures trading fees of 0.01% and 0.045%. Select pairs, including WLFI/USDT and CRV/USDT, offer commission-free trading on both order types. In addition to futures, PrimeXBT supports contracts-for-differences (CFDs). These derivative markets offer spread-only trading, and bid-ask gaps vary by crypto market.
The licensed platform allows HKD deposits with Volet only. It processes deposits within 15 minutes without transaction fees. The exchange approves Volet withdrawals instantly at a $0.10 minimum. PrimeXBT accepts debit/credit cards, bank wires, and PayPal in other currencies, but consider FX fees before proceeding.
Primexbt Key Takeaways
- Specialist derivative trading platform with crypto futures and CFDs
- Huge leverage multipliers of 500x on BTC/USDT
- Instant and free HKD withdrawals via Volet
- Trade over 100 digital assets with low margin requirements
- Crypto CFD markets offer spread-only trading
- Users cannot access crypto spot trading markets
- Non-HKD deposits incur FX fees
- High leverage products amplify liquidation risks
- Derivatives provide no asset ownership
What is a Cryptocurrency Exchange?
Crypto exchanges, which the SFC defines as ” virtual asset trading platforms”, let Hong Kong residents invest in BTC, ETH, and other popular cryptocurrencies. Some platforms offer instant purchases with debit/credit cards, where users buy assets on a user-friendly interface. Others provide extensive spot exchange markets that connect traders via market and limit orders.
Hong Kong traders have access to 11 SFC-approved virtual asset service providers. As these providers operate domestically, they generally list HKD pairs and accept HKD deposits and withdrawals via bank transfers. Residents also use international exchanges to access deeper liquidity, a much larger selection of crypto markets, and leveraged products like perpetual futures.
Exchanges generate income by charging various fees. Account holders pay commissions on buy and sell orders, as well as spreads on bid-ask prices.
Are Crypto Exchanges Legal in Hong Kong?
Crypto exchanges in Hong Kong are legal with an SFC-issued virtual asset trading platform license. Approval from the national regulator enables them to legally operate and serve retail and institutional clients.
Offshore exchanges operate within a legal gray area. Reputable providers like Coinbase accept Hong Kong clients despite lacking SFC licensing. While residents may use international platforms without legal issues, they receive no consumer protection from the SFC.
How Are Crypto Exchanges in Hong Kong Regulated?
Two regulatory bodies oversee Hong Kong’s crypto sector.
The SFC licenses local exchanges, and it enforces consumer protection and anti-money laundering (AML) regulations. The body requires virtual asset trading platforms to install sufficient AML controls, which typically involves collecting KYC documents like government-issued ID and proof of residency.
SFC-regulated exchanges must segregate customer funds from operating accounts and restrict certain retail client services like staking and derivative products. Since SFC guidelines apply to local exchanges only, Hong Kong traders often use international platforms.
The Hong Kong Monetary Authority (HKMA) is responsible for regulating payments and institutional custodianship within the digital asset market. New regulatory developments also require stablecoins issuers to obtain an HKMA license.
Which Crypto Exchanges Are Based in Hong Kong?
According to the SFC register, the regulator approves the following Hong Kong crypto exchanges:
| Exchange Name | Registered Business Name | License Reference | Location |
|---|---|---|---|
| Accumulus | Accumulus GBA Technology (Hongkong) Co., Limited | BUA970 | Central |
| BGE | Hong Kong BGE Limited | BSI739 | Sheung Wan |
| Bullish | Bullish HK Markets Limited | BUQ956 | Central |
| DFX Labs | DFX Labs Company Limited | BUN619 | Causeway Bay |
| EX.IO | EXIO Limited | BUT670 | Sheung Wan |
| HashKey Exchange | Hash Blockchain Limited | BPL992 | Telegraph Bay |
| HKbitEX | Hong Kong Digital Asset EX Limited | BPO721 | Central |
| HKVAX | Hong Kong Virtual Asset Exchange Limited | BPW549 | Sheung Wan |
| OSL Exchange | OSL Digital Securities Limited | BPJ213 | Causeway Bay |
| PantherTrade | Panthertrade (Hong Kong) Limited | BUY578 | Admiralty |
| YAX | YAX (Hong Kong) Limited | BUT913 | Sheung Wan |
Types of Crypto Exchanges in Hong Kong
Hong Kong traders choose exchange providers based on their experience level, investment goals, and preferred custodian structure.
Learn more about the different Hong Kong platform types that support digital assets:
Centralized Exchanges
Centralized exchanges (CEXs) like HashKey Exchange resemble traditional brokers. Reputable CEX platforms hold sufficient licenses, and they require investors to open and verify an account before they trade. The verification process typically requires personal information and ID.
Regulated CEXs directly accept HKD deposits, which suit first-time investors who prefer regular payment methods. Local exchanges support bank transfers, while international platforms rely on debit/credit cards and e-wallets.
Funded accounts invest in cryptocurrencies through market or limit orders. Beginner-centric platforms offer instant buy services, where users purchase assets without using the spot exchange.
Decentralized Exchanges
Decentralized exchanges (DEXs) are another option for Hong Kong traders. As DEXs allow users to carry out cryptocurrency trading through liquidity pools, trades are executed without relying on other market participants.
The liquidity pool uses smart contracts to swap tokens in a non-custodial framework. Unlike CEXs, which require users to open accounts, DEX traders connect a decentralized wallet to convert assets.
Most DEXs specialize in a specific token standard. Raydium and Orca support Solana-based tokens, while Uniswap and SushiSwap provide access to Ethereum projects.
P2p Exchanges
Peer-to-peer (P2P) crypto exchanges let buyers and sellers trade directly. Buyers choose Hong Kong sellers by exchange rate and accepted payment methods. The seller must deposit assets into an escrow wallet, which the P2P platform controls.
The buyer transfers HKD via local bank transfer, and once it’s confirmed, the seller releases the escrow hold.
In-Wallet Trading Apps
The best non-custodial wallets partner with fiat gateways that accept HKD payment methods. Best Wallet offers access to over 1,000 cryptocurrencies, as well as support for Visa, MasterCard, and e-wallets like PayPal and Google Pay and Apple Pay. The gateway handles transactions, and then transfers assets to the user’s wallet automatically.
The key benefit is storage, as Best Wallet users manage private keys. They gain full autonomy over crypto holdings because they store assets outside of centralized control.
Can I Use an Exchange to Buy Crypto With Hkd?
Hong Kong crypto exchanges accept HKD deposits and withdrawals. Most platforms require account holders to transfer funds from a local bank account. Once funds arrive, the exchange converts HKD for the chosen digital asset.
HashKey Exchange, for instance, offers pairs like BTC/HKD and ETH/HKD. These pairs help Hong Kong traders avoid FX fees and currency fluctuations.
Traders who prefer global exchanges use debit/credit cards and e-wallets. Some platforms lack direct HKD support, so FX charges apply. Consider USD when using an international provider, as the USD/HKD pair offers the most competitive rates.
How to Use a Hong Kong Crypto Exchange: Step-by-Step Tutorial
This beginner’s guide explains how to buy crypto in Hong Kong. Follow each step to invest in digital assets on HashKey Exchange, which offers fee-free HKD payments.
Step 1: Open a Crypto Exchange Account
HashKey Exchange is an SFC-licensed platform that complies with AML regulations. As such, you need to open and verify a trading account before buying crypto.
Visit the HashKey Exchange website and click “Sign Up”. Enter an email address and choose a strong password, then select “Create Account”.
Open your email inbox and copy and paste the six-digit verification code.
Step 2: Verify Your Identity
Under the “Assets” menu, tap “Verify Now”. Then click “Verify Now” again, enter a Hong Kong mobile number, and confirm the SMS verification code.
Provide some basic personal information, then upload a government-issued ID and proof of address. Complete the facial recognition process through a webcam or smartphone.
Step 3: Deposit HKD Into Your Exchange Account
The initial deposit is part of the KYC process. Hashkey Exchange requires users to transfer at least $10,000 to verify bank account ownership. The platform provides bank deposit details and a unique customer reference.
Ensure the bank account is in your name, as HashKey Exchange does not accept third-party deposits. Once verified, the minimum deposit requirement drops to $0.01.
Step 4: Choose a Crypto to Buy
Click the “Spot” button to explore available markets. HashKey Exchange supports five HKD pairs: BTC, ETH, USDT, APT, and IOTX. It lists a wider selection of USD markets like DOGE and XRP.
Select a market to explore the trading dashboard. It provides real-time prices, order book data, and technical tools like the MACD and RSI.
Step 5: Set up and Place a Trading Order
HashKey Exchange uses the order book system. Scroll below the pricing chart and choose between a limit or a market order.
Here is an overview of how each order type works:
- Limit Order: You input the desired execution price. It executes when other market participants match the target price.
- Market Order: Recommended for beginners, the exchange executes market orders immediately. The price reflects the next best available price based on existing liquidity.
Note that HashKey Exchange charges a 0.29% commission for both order types.
Enter the investment size in HKD or USD when trading a USD-denominated pair.
Review the order details and confirm. The cryptocurrencies appear in the exchange account once the order is processed.
Step 6: Sell or Withdraw Crypto
Selling cryptocurrencies on HashKey Exchange works the same as buying them, but in reverse. On the same trading page, set up a limit or a market order, and once confirmed, the platform converts digital assets into HKD or USD, depending on the pair.
The exchange also lets users withdraw cryptocurrencies to a private wallet. In the withdrawal section, select the asset and network, and paste the wallet address.
Input the withdrawal amount, review the network fee, and click “Submit”. Most users receive their withdrawn cryptocurrencies within hours.
Methodology: How We Ranked the Top Crypto Exchanges in Hong Kong
We created a research methodology to help rank the best crypto exchanges in Hong Kong. Core criteria include regulatory framework, HKD payments, security controls, and the overall ease-of-use.
Use the following metrics to choose the right exchange account.
Hong Kong Regulatory Status (30%)
According to the SFC, only approved exchanges can offer crypto trading services to Hong Kong residents. We prioritized platforms with SFC licensing, since retail clients buy and sell digital assets in a clear regulatory environment.
According to our research, domestic exchanges typically support a small range of markets, so we also included global platforms with strong regulation. Kraken and Coinbase, for instance, hold licenses in the U.S., Europe, the UK, and other jurisdictions.
HKD Deposits and Purchases (20%)
The best Hong Kong crypto exchanges offer seamless deposits and withdrawals. SFC-approved platforms typically accept HKD payments via local bank transfers or FPS. These payment types are usually fee-free.
Offshore platforms like Kraken and Best Wallet accept international methods such as Visa, MasterCard, and PayPal. Both providers offer instant crypto purchases, which favors beginners with minimal trading experience.
Trading Tools (10%)
Trading tools help investors navigate the volatile crypto market and stay updated with key sector developments. Day traders require reliable pricing charts and near-instant execution, plus drawing tools, risk management orders, and technical indicators.
For long-term crypto investors, we explored exchanges with real-time news feeds, dollar-cost averaging tools, and portfolio management insights.
Security Measures (25%)
Even regulated exchanges experience cybersecurity incidents, with crypto hackers stealing billions of dollars annually. To ensure a safe crypto investment experience, we evaluated security controls and client-fund management.
Safe exchanges like Kraken and OSL store the majority of customer assets in cold wallets with multi-signature technology. They also provide account holders with individual security tools like two-factor authentication and wallet whitelisting.
Investors concerned about counterparty risks may consider a non-custodial wallet like Best Wallet. Besides safe storage, Hong Kong traders buy crypto with various payment types.
Ease of Use (15%)
Exchanges offer services to certain investor profiles. First-time investors prefer beginner-friendly platforms such as Coinbase and Kraken. In contrast, qualified Hong Kong traders appreciate Bullish for its deep liquidity and powerful charting dashboard.
Our top exchange picks include providers for all experience levels and skill sets.
Conclusion – What is the Best Crypto Exchange in Hong Kong?
Hong Kong residents have access to 11 SFC-approved exchanges, as well as hundreds of international platforms. Choosing an exchange requires careful consideration, with a strong focus on safety, listed markets, trading commissions, and HKD payment options.
HashKey Exchange is our overall top pick for Hong Kong traders. The regulated exchange supports fee-free HKD bank transfers and over 20 popular cryptocurrencies. It charges just 0.29% to trade, and deep liquidity provides competitive spreads.
FAQs
Is crypto banned in Hong Kong?
What is the best local Hong Kong exchange?
Can you trade futures in Hong Kong?
Can I use Coinbase in Hong Kong?
References
- Lists of virtual asset trading platforms (Securities and Futures Commission)
- The World’s Top FinTech Companies: 2025 (CNBC)
- Regulations for Professional Investors (Securities and Futures Commission)
- Crypto theft is booming as criminals increasingly turn to physical attacks (CNBC)
- Regulatory Regime for Stablecoin Issuers (Hong Kong Monetary Authority)
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