24 February 2024
An important consideration is which bitcoin exchange you choose. Which option you choose will determine how lucrative your transactions are, how simple it is to purchase and sell coins, and whether or not you can use the currencies in China. In short, you've found the correct spot if you're in need of a reliable and secure Cryptocurrency exchange that doesn't require any special training to use and accepts the Chinese yuan and works with the largest Chinese financial institutions.
Also Read: 5 Best Cryptocurrencies To Invest In The USA
There have been some losses recently, but Bitcoin is still a hot commodity among speculators. Bitcoin topped the list of Google searches in 2022, surpassing TikTok, Apple, as well as the NFL, and even coming close to "restaurants near me." The first step in purchasing Cryptocurrencies is opening an account with a Cryptocurrency exchange.
We have compiled a list of the top 8 Chinese cryptocurrency exchanges you should be watching out for in September 2022:
The ASIC, the Financial Conduct Authority in the United Kingdom, and the Dubai Financial Services Authority in the United Arab Emirates all authorize and regulate Pepperstone, an Australian brokerage and CFD trading platform. Crypto traders from over the globe utilize Pepperstone because it is a one-stop-shop investment platform that gives them access to CFDs on indexes as well as Cryptos, ETFs, equities, and currency. There are no transaction fees for making a deposit or withdrawing funds from your Pepperstone account, and spreads are a low 0.0 to 1.2 pips, based on the Cryptocurrency being traded.
2. Huobi Global
Despite being headquartered in the Seychelles, the sixth biggest Cryptocurrency exchange Huobi Global has significant links to the Asian market with its presence in Hong Kong, Singapore, South Korea, as well as Japan. In addition to its robust presence in the Americas, the company also enjoys considerable success in Europe, particularly in nations including Italy as well as Portugal. The costs on Huobi start at a very modest 0.2%, making it financially viable. Moreover, it provides a wide range of features that seasoned investors would find useful, including interactive charting, limit as well as stop orders, leverage trading, and futures trading. In all, Huobi accepts more than 400 different Cryptocurrencies.
With respect to trading volume, Binance is the most popular Cryptocurrency exchange. It launched in 2017 with a Cayman Islands base of functioning. While Binance's roots are in Hong Kong, the company's offices were eventually relocated to a country where Cryptos were not subject to as much official scrutiny. It's significant for a number of reasons, including its robust charting capabilities, access to the Binance Earn function, and Binance Visa Card.
FTX, which operates out of the Bahamas, is the fourth largest Cryptocurrency exchange in the world, just after Coinbase and Binance but ahead of Bitfinex. More than 300 different Cryptos are available on FTX, and also its costs begin at only 0.07%, making it one of the most competitive options out there. In terms of safety, FTX is governed by the Securities Commission of the Bahamas (SCB) and provides two-factor authentication in addition to hot and cold wallets.
OKCoin is an American Cryptocurrency exchange situated in California that has attracted more than 100,000 users from 190+ nations since its inception in 2013. Not only does it work with the most popular Cryptocurrencies such as Bitcoin as well as Ethereum, in addition to dozens of other Cryptocurrencies and blockchain technologies. OKCoin does not impose costs for making or taking trades, but rather utilizes a volume-based price scheme in which makers pay 0.1% to 0.0% depending on the past 30 days of trading activity and takers pay 0.2% to 0.02% which is also dependent on volume. OKCoin accepts SEPA deposits from European customers and ACH network transfers from American customers.
Formed in 2012, Coinbase is a Cryptocurrency trading platform based in the United States. It's been around for a long time and has its headquarters in San Francisco, making it a veteran among Cryptocurrency markets. In terms of trading volume, it is second only to Binance, the biggest Cryptocurrency exchange in the world. Coinbase is a Crypto exchange that makes it simple for individuals, companies, and large financial institutions to purchase, sell, and exchange digital money. It doesn't take long to join up, and then you'll have your very own virtual wallet at your disposal.
Kraken was established in 2011 as a Cryptocurrency exchange and bank. Headquartered in San Francisco, California, it facilitates the buying and selling of Cryptocurrencies for traditional currencies including the U.S. dollar as well as the Turkish lira. Furthermore, it facilitates the exchange of one Cryptocurrency for another. Since the end of 2021, Kraken has been available in 48 of the 50 states of the United States and 176 countries, making it among the most worldwide exchanges currently available.
Bitstamp, among the earliest as well as biggest Cryptocurrency exchanges, caters to seasoned traders and boasts a customer base of more than 4 million. In contrast to accepting a wide variety of payment methods including SEPA transfers and credit/debit cards for a low flat rate (0.1%), this service also provides relatively cheap costs (0.5%). Swissquote, the Chicago Mercantile Exchange, and Crédit Agricole are just a few of the major financial institutions that have joined with Bitstamp.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.