🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!
Provider
Bank Transfer
Visa/Mastercard
Available Crypto
Our Score
YES
YES
  • Bitcoin
  • Ethereum
  • DASH
  • + 200 more
YES
YES
  • Bitcoin
  • Ethereum
  • Litecoin
  • + 240 more
YES
YES
  • Bitcoin
  • Ethereum
  • Monero
  • + 170 more
YES
YES
  • Bitcoin
  • Ethereum
  • Litecoin
  • + 80 more
YES
YES
  • Bitcoin
  • Ethereum
  • Litecoin
  • + 200 more
YES
YES
  • Bitcoin
  • Ethereum
  • Ripple
  • + 340 more

Cryptocurrencies continue reshaping the financial landscape, with China being a complex key player. Amidst this digital revolution, finding the best crypto exchange in China holds the key to unlocking your assets' potential. But is Bitcoin legal in China? Is any crypto legal inside Chinese borders?

China's crypto regulations are intricate, overseen by the People's Bank of China (PBOC). With a restrictive approach, the PBOC has issued directives, leading to local exchange and ICO bans. Despite this, Chinese investors are constantly looking for ways to access global platforms like Binance, Kraken, Coinbase, and others.

Today, I'll guide you through the Chinese crypto landscape and review the best crypto exchanges China residents can access (with a bit of help from a VPN):

But before going through this list of crypto exchanges China residents can access, let's talk about the country's crypto landscape.

Crypto Landscape in China

So, is cryptocurrency legal in China? Well, you might have heard that the country's crypto landscape is quite hectic. Understanding this is surely important before trying to find the best crypto exchange in China.

TL;DR:

  • China's Stance. As of writing, crypto is not legal in China. Overall, the country has a history of implementing strict regulations and bans on various aspects of the cryptocurrency industry, including Bitcoin trading, initial coin offerings (ICOs), and, most notably, cryptocurrency mining.
  • Crypto Mining Ban. In 2021, China imposed a ban on cryptocurrency mining, leading to a significant drop in Bitcoin's hash rate and driving many miners out of the country. This move also came with a ban on all cryptocurrency trading and transactions, with harsh penalties for those involved. The best Chinese crypto exchanges fled the country.
  • Cryptocurrency Ownership. While China has banned many cryptocurrency-related activities, it's important to note that there are no specific policies against owning digital assets like Bitcoin, Dogecoin, or Ethereum. Holding cryptocurrencies in a wallet is not against the law.
  • Hong Kong's Different Path. In August 2023, Hong Kong took a different approach, acknowledging the significance of cryptocurrencies and granting licenses to cryptocurrency exchanges. This marked a departure from mainland China's stringent stance.
  • Complex Regulatory Landscape. The regulatory landscape in China reflects the broader global challenge of regulating cryptocurrencies. Their decentralized nature, accessibility via the internet, and cross-border nature make them difficult to control on a national level.

Now, for those who want to get the full picture:

China's journey through the crypto landscape has been a roller coaster ride, marked by bans, restrictions, and unexpected turns.

In 2021, the shockwaves it sent through the blockchain sector were felt globally when it announced extreme restrictions on Bitcoin mining and crypto trading (which was a top cryptocurrency in China, by the way). This move wasn't entirely unprecedented, as China had a history of wavering crypto stances.

In 2011, China's interest in Bitcoin started to grow, largely due to the establishment of Bitcoin China, a centralized exchange founded by software engineer Bobby C. Lee.

This exchange played a significant role in global Bitcoin trading activity. The following years saw the top cryptocurrency in China's adoption growing, with Chinese businesses even accepting it as payment.

Best Chinese crypto exchange: Bitcoin on China's flag.

However, 2013 marked China's first attempt to clamp down on Bitcoin trading. The People's Bank of China issued rules that restricted financial institutions from holding or transacting in virtual currencies like BTC.

So, was Bitcoin legal in China at this point?

Well, this didn't make buying or using Bitcoin illegal for citizens, but it certainly made it more challenging.

In 2017, China's focus shifted to ICOs, leading to a ban on platforms offering these tokens due to concerns about scams. Centralized crypto exchanges also faced closures. This was a time when Bitcoin China rebranded to BTCC and moved its headquarters to the UK.

Then came the watershed moment in 2021 when China imposed a ban on crypto mining, leading to a significant drop in Bitcoin's hash rate. Along with the mining ban, all crypto trading and transactions were outlawed, with severe penalties for those associated with the industry. The platforms you used to find in the best Chinese crypto exchange lists fled the market.

Best Chinese crypto exchange: news about crypto landscape in China.

At that point in history, when asked, "Is cryptocurrency legal in China?", most people would reply with a definitive "no".

The reasons behind China's crypto ban are varied, from concerns about scams and capital flight to the desire to maintain control over its own central bank digital currency (CBDC) initiatives.

Despite China's bans, cryptocurrencies have proven difficult to entirely shut down. Bitcoin mining, for instance, continued even after the ban, and some Chinese mining pools operated underground.

The decentralized nature of cryptocurrencies, coupled with their accessibility via the internet, presents challenges in terms of regulation and enforcement. Furthermore, the global reach of crypto renders it difficult for any single nation to impose a complete ban.

Fast-forward to August 2023, Hong Kong, a semi-autonomous Chinese territory, embraced cryptocurrencies, recognizing their importance for the global financial hub.

The Hong Kong Securities and Futures Commission granted licenses to HashKey Exchange and OSL, marking a shift in attitude compared to mainland China's stance on crypto.

Best Chinese crypto exchange: Bitcoin.

This move highlights the uniqueness of Hong Kong's "one country, two systems" arrangement, which allows the city to shape its financial policies. It also aligns with China's indirect interest in maintaining influence over the cryptocurrency industry while focusing on its own CBDC and metaverse projects.

As the crypto landscape continues to evolve, China's bans have had far-reaching effects, but they have also revealed the resilience and adaptability of the crypto ecosystem.

While China's regulatory stance has shifted, the future remains uncertain, as the global cryptocurrency industry undergoes transformations, presenting both opportunities and challenges for regions like Hong Kong.

That said, is cryptocurrency legal in China now? Not really, but Chinese traders still find ways to participate in crypto trading[1]. So, how do they do that?

How Chinese Investors Access Crypto Trading?

In China, navigating the crypto landscape requires more than just financial acumen; it demands ingenuity in overcoming regulatory barriers. To circumvent these restrictions, many turn to virtual private networks (VPNs) as a crucial tool in their trading arsenal.

A VPN essentially is a technology that allows users to create a secure, encrypted connection to servers outside their national borders. This disguises their IP address and gives the appearance of accessing the internet from another country[2], effectively sidestepping domestic restrictions.

Best Chinese crypto exchange: VPN.

VPNs offer notable benefits for crypto trading. However, you have to keep in mind that the legality of VPNs has always been questionable. While they are legal in most countries, China has severe restrictions on VPN usage and blocks many VPN providers.

Therefore, choosing this approach to access cryptocurrency exchanges in China comes with potential hurdles, so tread at your own risk.

1. Binance – A Comprehensive Crypto Ecosystem

Ranks #1 out of 7 Crypto Exchanges

When it comes to the realm of cryptocurrencies, Binance is regarded by many as the best Chinese crypto exchange.

Despite the ban on cryptocurrency trading, Binance continues to reign as one of the largest and most vibrant crypto exchanges among Chinese investors. This is a testament to the enduring appetite for digital assets within the country.

Binance's presence in China is profound, constituting a staggering 20% of its global trading volume. As reported in August 2023, Chinese users collectively facilitated transactions amounting to around $90 billion in a single month, reaffirming China's role as a crypto powerhouse on the global stage.

Binance's journey began in 2017, with its origins in Shanghai. Founded by Changpeng "CZ" Zhao, who was born in China but raised in Canada, the exchange swiftly gained traction.

However, it left its homeland behind in response to the Chinese government's crackdown on cryptocurrency-related activities. This move came amid concerns about capital flight. But Binance still couldn't be left out of this list of crypto exchanges in China.

So, why choose Binance for your crypto endeavors?

Best Chinese crypto exchange: Binance.

With an average daily trading volume reaching tens of billions of dollars, Binance offers a comprehensive suite of features to cater to traders and investors of all kinds. With 24/7 customer support available in 40 languages, including both Simplified and Traditional Chinese, assistance is always at hand.

The exchange provides access to over 350 cryptocurrencies, allowing you to buy, trade, and hold a diverse range of digital assets.

Furthermore, Binance safeguards user funds through the Secure Asset Fund for Users (SAFU), storing 10% of all trading fees in a secure fund. This provides an added layer of protection against unforeseen events. Additionally, advanced data encryption ensures that your transaction data remains confidential and secure.

Now, the spot trading fees on Binance are 0.1% or less, depending on the user's trading volume or BNB balance. Furthermore, there's a 25% discount when using BNB to pay for fees, making trading even more cost-effective. In fact, Binance has some of the most competitive fees in the industry.

Best Chinese crypto exchange: Binance fees.

Of course, Binance's offerings extend beyond spot trading to encompass margin trading, staking, futures trading, options trading, trading bots, mining pools, and even an NFT marketplace.

This comprehensive suite of services positions Binance as one of the "best Chinese crypto exchanges" according to many crypto enthusiasts in China, enabling them to unlock the full potential of their digital assets.

As the Chinese crypto community continues to thrive, Binance's influence remains resolute, redefining the possibilities for digital asset enthusiasts in the country and beyond.

Visit Binance
...or read our Binance review

2. Kraken – Secure and Transparent

Ranks #2 out of 7 Crypto Exchanges

In the world of cryptocurrency exchanges, Kraken shines as a beacon of reliability and innovation for people who want to buy crypto in China. With a staggering quarterly trading volume surpassing $207 billion and a client base exceeding 10 million users, Kraken stands as one of the best crypto exchanges in China.

The platform takes pride in nurturing its users' understanding of the crypto landscape. The Kraken Learn Center serves as a valuable resource hub where beginners and experts alike can delve into all things crypto.

Whether you're new to the game or a seasoned trader, you'll find the tools and insights you need to navigate the complexities of cryptocurrency.

Best Chinese crypto exchange: Kraken.

What about customer support? Kraken's support center is where you can find answers to your queries or concerns easily. For those moments when real-time assistance is paramount, Kraken offers 24/7/365 support through live chat, phone, or email.

Kraken also understands that fees play a pivotal role in your trading decisions. While Kraken's fees start at 0.26%, which is a bit high compared to the industry standard, you can lower them by increasing your trading volume. You can even decrease the fees to 0%.

The exchange opens the doors to a multitude of trading possibilities. From spot trading to margin trading, staking to futures trading, and even an NFT marketplace, it caters to the diverse needs of its users. Because of that, Kraken could never be left out of a reliable list of crypto exchanges in China (or anywhere else, for that matter).

Best Chinese crypto exchange: why Kraken?

Besides, Kraken's commitment to transparency is a cornerstone of its service. Its regularly conducted proof of reserves audits allow clients to verify their asset balances with utmost ease, which is why many investors believe Kraken is the best crypto exchange China residents can access.

Through a streamlined process and diligent oversight by trusted auditors, Kraken ensures that your trading experience transcends mere asset exchange to embody trust and accountability.

In a world where open-source blockchains reign, Kraken harnesses this transparency to provide clients with assurance that their assets are backed by real value.

Visit Kraken
...or read our Kraken review

3. Coinbase – High Standard Token Selection

Ranks #3 out of 7 Crypto Exchanges

When looking for the best crypto exchange in China, Coinbase emerges as a strong contender to consider. This platform, with its user-friendly interface and comprehensive features, can help you make the most of your digital assets.

With a quarterly volume traded amounting to an impressive $145 billion and a whopping $130 billion worth of assets on the platform, Coinbase has certainly established its position in the market.

One notable aspect of Coinbase is its commitment to maintaining only the highest standard tokens. With over 200 listed tokens, the platform diligently monitors them to ensure they align with their strict listing standards. This focus on quality and credibility can provide users with added assurance.

When it comes to Coinbase fees, it might be a bit confusing because you cannot find a clear indication of all fees in one place.

Best Chinese crypto exchange: Coinbase.

However, this is the case because when you buy, sell, or convert cryptocurrencies on Coinbase, the fees are calculated on the spot, based on your chosen payment method, order size, market conditions, jurisdictional location, and other factors. So, make sure to check them before completing any action.

From spot trading to staking, futures trading to an NFT marketplace, Coinbase caters to a spectrum of cryptocurrency needs. For those seeking more advanced trading options, Advanced Trade steps in with features like margin trading, adding an extra layer of versatility.

Do note that all of those features were previously a part of Coinbase Pro (a separate trading platform), but then they were migrated to Advanced Trade on Coinbase, combining it all into one place.

Now, another intriguing feature that Coinbase brings to the table is Coinbase Earn. This program allows users to earn APY by staking their assets.

Besides that, Coinbase even offers some learn-to-earn programs that allow you to earn free crypto by doing various tasks, such as watching tutorials. It's a creative way to both, educate users about various cryptocurrencies, and reward them for their engagement.

Best Chinese crypto exchange: Coinbase Earn.

Now, managing your cryptocurrency portfolio becomes a breeze with Coinbase. You can buy crypto in China and sell popular assets, all while conveniently keeping track of them in one place. The option for recurring buys allows you to gradually invest in cryptocurrencies over time, whether it's on a daily, weekly, or monthly basis.

Moreover, for heightened security, you can store your funds in a vault with time-delayed withdrawals, adding an extra layer of protection.

For those embracing the decentralized ecosystem, the Coinbase Web3 wallet is a gateway to interacting with decentralized applications. This opens doors to decentralized exchanges, art, entertainment services, and more, all accessible through the dApp browser.

In a landscape that's rapidly evolving, Coinbase holds its ground as the "best Chinese crypto exchange" for many investors, poised to assist both newcomers and experienced traders in navigating the complexities of the crypto economy.

Visit Coinbase
...or read our Coinbase review

Compare Crypto Exchanges Side by Side With Others

Did you know?

Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

Yes! Show me the Comparison Chart

4. Bitfinex – Automated Multiple Limit Order Creation

Ranks #4 out of 7 Crypto Exchanges

To residents looking to buy crypto in China, finding the best exchange in China that meets their needs can make all the difference. In this context, Bitfinex stands tall as a major player, offering a comprehensive suite of features and services.

Rooted in the ethos of Bitcoin, a top cryptocurrency in China, their mission revolves around harnessing cutting-edge technology to empower people around the world to transact and connect with effortless freedom.

Recognizing the transformative power of education, Bitfinex takes strides in fostering understanding and inclusivity within the cryptocurrency realm. By investing in educational initiatives worldwide, they advance the comprehension of digital assets while promoting greater financial education.

Best Chinese crypto exchange: Bitfinex

With a diverse array of over 170 tokens and a daily trading volume surpassing hundreds of millions of dollars, Bitfinex boasts a bustling ecosystem.

Their fee structure is designed to favor users: maker fees clock in at 0.1%, while taker fees at 0.2%. Though, holding Unus Sed LEO tokens unlocks discounts on taker fees.

Now, Bitfinex goes beyond the basics, offering users a plethora of trading options. These include spot trading, P2P trading, margin trading, margin funding, derivatives trading, staking, lending, and borrowing. With so many options, it's easy to understand why Bitfinex stands amongst the best crypto exchanges in China.

Furthermore, Bitfinex offers users the Scaled Orders tool that allows streamlining the process of entering multiple orders. The tool automates the creation of limit orders across a user-defined price range, all while giving traders control over order diversity and distribution.

Best Chinese crypto exchange: Bitfinex features.

This tool is the reason why so many advanced traders consider Bitfinex the best crypto exchange China crypto enthusiasts can access.

Bitfinex's paper trading feature also emerges as a boon for traders seeking to test strategies without real funds. This simulated market environment operates through sub-accounts that mirror the functionalities of the master account, providing a safe space for experimentation.

On top of that, the integration of Bitfinex Honey seeks to democratize trading strategy development. Even traders without coding knowledge can create custom order types and automated strategies. This accessibility broadens the horizons of algorithmic trading, making it approachable for all.

Visit Bitfinex
...or read our Bitfinex review

5. Bitstamp – One of the Longest-Running Crypto Exchanges

Ranks #5 out of 7 Crypto Exchanges

Bitstamp is a versatile crypto exchange that caters to a wide range of users. Some investors consider it to be the best exchange in China.

With its user-friendly Bitstamp app and the more advanced Bitstamp Pro app, along with a wealth of educational resources in Bitstamp Learn, this exchange has established itself as a prominent player in the crypto market.

Bitstamp offers a selection of over 80 tokens, providing ample options for traders looking to buy crypto in China. Its 24-hour trading volume, which usually reaches hundreds of millions of dollars, makes it an attractive choice for those looking to engage actively in the crypto market.

Best Chinese crypto exchange: Bitstamp.

One of Bitstamp's standout features is its ease of trading. The platform offers an intuitive interface that simplifies the trading process, making it accessible even to newcomers.

Security is a paramount concern in the world of crypto, and Bitstamp takes it seriously, too. With 95% of assets stored offline, robust encryption of personal data, and features like whitelisting, Bitstamp provides institutional-grade security to safeguard user funds and information.

Additionally, Bitstamp's track record adds to its credibility. Operating since 2011, it is one of the longest-running crypto exchanges globally.

Best Chinese crypto exchange: Bitstamp features.

This longevity signifies proven reliability, with an industry-leading uptime of 99.99%. All customer funds held on Bitstamp are fully backed and available for withdrawal at any time, held securely with a licensed custodian.

Besides, Bitstamp's commitment to transparency and accountability is evident through its numerous licenses and registrations worldwide. Regular audits, both internal and external, further bolster its reputation as a safe and reliable platform.

With live customer support available globally, users can rely on prompt assistance whenever they need it. In addition, note that Bitstamp cares about education, so it provides a Learn Center with a variety of articles to help users navigate the complexities of crypto and blockchain.

Visit Bitstamp
...or read our Bitstamp review

6. CEX.IO – Effortless Learning and User-Friendly Trading

Ranks #6 out of 7 Crypto Exchanges

When looking for the best exchange in China, be sure to consider CEX.IO. This platform has cemented its place among the top contenders, opening the door to a realm of possibilities for over 5 million registered users and counting.

With a track record dating back to 2013 and billions of customer deposits, the sheer numbers speak volumes about the trust users have in CEX.IO. However, the significance of these figures extends beyond just that.

Over half a million Bitcoins have been mined through their legacy pool, GHash.IO, showcasing their deep-rooted involvement in the crypto ecosystem. Besides, when it comes to trading fees, CEX.IO keeps it simple and affordable, with rates as low as 0.15% for makers and 0.25% for takers, or even less.

Now, complexity can be a barrier, and CEX.IO understands this well. It offers solutions that eliminate unnecessary steps and complications. Though, its aim is not just simplicity, but an ongoing process of improvement to serve its users better.

Best Chinese crypto exchange: CEX.IO.

For those seeking more control, CEX.IO provides APIs that elevate your trading experience. You can easily gain access to current and historical crypto prices, as well as market data from other exchanges. Besides, automated trading features add an extra layer of convenience.

On top of that, CEX.IO isn't just about trading; it's about learning, too. From blockchain basics to in-depth crypto trading, CEX.IO University empowers users to take control of their crypto future.

Overall, CEX.IO offers spot and margin trading, staking options, loans, and more. Oh, and all those products can be accessed on a mobile app as well. This comprehensive approach ensures that users have everything they need under one roof.

Visit CEX.IO
...or read our CEX.IO review

7. OKX – User Interface in Chinese

Ranks #7 out of 7 Crypto Exchanges

If you're seeking the best crypto exchange in China to fit your needs, OKX might just be the answer. As you dive into the world of crypto trading, earning, and more, OKX stands as a beacon of advanced financial offerings.

With a user-friendly platform accessible in both Traditional and Simplified Chinese, OKX caters to a broad user base, making it a go-to choice for many native Chinese speakers seeking the best exchange in China.

OKX offers a wide range of financial services for crypto enthusiasts. Users can engage in various activities to manage and grow their portfolios effectively.

Best Chinese crypto exchange: OKX.

It lists over 330 cryptocurrencies and offers more than just spot trading, extending its capabilities to futures, margin, and options trading, as well as trading bots, copy trading, staking, loans, and mining pools.

For those interested in decentralized finance (DeFi), OKX provides access to decentralized applications (dApps) such as DeFi solutions and blockchain gaming experiences. You can easily connect to the DeFi world using OKX's Web3 wallet, available through their user-friendly app or browser extension.

Moreover, OKX has an NFT Marketplace where users can create, buy, and sell NFTs, embracing the non-fungible token revolution.

Best Chinese crypto exchange: OKX app.

But that's not all! OKX offers opportunities for users to earn crypto through mining pools, collateralized loans, and various other avenues through OKX Earn.

It's important to note that OKX's fee structure varies for regular and VIP users, with maker fees starting at 0.14% and takers at 0.23%. Also, the OKB token plays a significant role in the OKX ecosystem, offering benefits like exclusive discounts and potential savings of up to 40% on trading fees.

Lastly, keep in mind that security is a top priority at OKX. It employs a secure offline and online storage system using cold wallets for offline storage and a semi-offline multi-signature mechanism for hot wallet operations.

Additionally, OKX demonstrates its commitment to security through its Risk Shield initiative, enhancing its ability to protect users' assets from potential crypto security risks, thus creating a secure trading environment.

Visit OKEx
...or read our OKEx review

Conclusions

To navigate the intricate landscape of the Chinese cryptocurrency scene, you must select the best exchange in China that aligns with your needs. Though, with numerous notable contenders such as Binance, Kraken, and Coinbase, pinpointing the platform that's best for everyone is not really possible.

Besides, it's common knowledge that the responses to inquiries such as "Is Bitcoin legal in China?" and "Are cryptocurrencies legal inside Chinese borders?" lean towards the negative. Nonetheless, investors persist in finding avenues to interact with their preferred tokens, often resorting to VPNs for assistance.

That said, when picking the best Chinese crypto exchange for you, keep in mind such factors as reputation, security, fees, and available features. Plus, don't forget China's crypto landscape and the potential risks it poses.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.


Scientific References

1. C. Chen, L. Liu: 'How Effective is China's Cryptocurrency Trading Ban?';

2. P. Ezra, S. Misra, A. Agrawal, et al.: 'Secured Communication Using Virtual Private Network (VPN)'.

About Article's Experts & Analysts

By Ain N.

Lead Content Researcher

Ain is the Lead Content Researcher. Her vast experience with crypto and blockchain tech-related content allows her to identify the key pieces of information that should be presented to the learner, and ensure the validity of the gathered data. Wit...
Ain N. , Lead Content Researcher
Ain is the Lead Content Researcher. Her vast experience with crypto and blockchain tech-related content allows her to identify the key pieces of information that should be presented to the learner, and ensure the validity of the gathered data.
With a degree in New Media studies, she has developed an extensive list of techniques to educate people via new, research-proven study models based on deduction and long-term human memory.
Ain approaches everything with unequivocal attention to detail. Her main goals are to erase the ambiguity surrounding many Web3 concepts, and to guide content writers in presenting difficult crypto-related concepts in an easy-to-understand manner.
Even though content strategy is her main passion, Ain also enjoys reading high-fantasy books and watching superhero movies.
COINBASE
BINANCE
9.1
VS
9.8
BINANCE
KUCOIN
9.8
VS
8.6

TOP3 Most Popular Coupon Codes

Verified

CLAIM $600 REWARD

Exclusive Binance Referral Code
Rating 5.0
Verified

UP TO $30,000 BONUS

Get Bybit Referral Code Reward
Rating 5.0
Verified

CLAIM 10% DISCOUNT

On Ledger Nano S Plus 3-Pack
Rating 5.0

Recent Best Crypto Exchange in China User Reviews

devon

5.0/5.0 - Bitfinex User
25/06/2024

πŸ‘πŸ‘

good read

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Wilkins jr

5.0/5.0 - Bitstamp User
27/06/2024

It's OK

Have been using Bitstamp exchange for many years, dont have many reasons to complain!

Evaluation

Price value
Ease of Use
Experience
Features
Safety

ray keenan

5.0/5.0 - Coinbase User
17/05/2024

what about some customization?

The platform is very functional and all but I wish customization was available. Personalising design or colour themes and feature placements would be a great option!

Evaluation

Price value
Ease of Use
Experience
Features
Safety

lionessqueen185

5.0/5.0 - Bitfinex User
01/06/2024

i admire them

i think what they do when something goes wrong says more about them as a company than what they do when everything is floating good ya know and they gave that money back so kudos to them

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Alexander

4.6/5.0 - Bitfinex User
29/05/2024

Gave up. lol

It does have a great selection of cryptocurrencies, but the verification process can be sooooooo lengthy.

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Megan McCarron

4.2/5.0 - Bitfinex User
28/05/2024

Why is it so hard to reach the support team?

When I need help restoring and reactivating my account, why is it so hard to reach the support team?

Evaluation

Price value
Ease of Use
Experience
Features
Safety

asha guy

4.2/5.0 - Bitstamp User
11/06/2024

not for newbies

hard to use for new users. took a lot of time, trial and error to learn to use the exchange. emailing with the customer support was not very effective for me. atleast i could find some helpful guidance on FAQ section

Evaluation

Price value
Ease of Use
Experience
Features
Safety

K Meadows-Davila

4.6/5.0 - Bitstamp User
29/05/2024

wallet

easy to purchase with fiat money, but after every trade i withdraw everything for free to my wallet outside of the platform.

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Valentina159

4.8/5.0 - Coinbase User
27/06/2024

expensive transfers

I enjoy the covenience of having a built in crypto wallet. However, the transaction base fee is on the more expensive side. I usually opt to make a bank trasfer if i'm in a rush.

Evaluation

Price value
Ease of Use
Experience
Features
Safety

M. Carney

4.6/5.0 - Bitstamp User
23/05/2024

Experienced

I had trading experience so it was easier to figure out how to use this exchange, but wouldn't recommend it to first time traders.

Evaluation

Price value
Ease of Use
Experience
Features
Safety

blacklivesmatter334

5.0/5.0 - Bitfinex User
27/06/2024

sounds legit

has a great platform, tons of options for trading

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Daanish Coates

5.0/5.0 - Bitfinex User
03/04/2024

5 years of positive experience with Bitfinex

My experience with Bitfinex dates back to early 2017. In all those years all my inquiries are handled swiftly and correctly

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Chanel

5.0/5.0 - Kraken User
06/06/2024

Decent amount of cryptos

Well, the number of cryptocurrencies is reasonable, I don't think the higher the number, the better the exchange... I personally choose few cryptos at a time to focus on trading.

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Florence Nightingale

5.0/5.0 - Bitfinex User
03/04/2024

Good support

Great support, always reply faster with solution, they are best

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Tyler deTiege

5.0/5.0 - Bitfinex User
20/06/2024

Very fast

It took support team no more than half an hour to reply to my support ticket and the follow-up questions were answered even faster

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Stubbs Adam

4.8/5.0 - CEX.IO User
30/04/2024

First time user

The basic account was more than enough for the first few months trading. Then after some time I got started doubting that my account was safe, thus I verified

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Saara Stevens

5.0/5.0 - CEX.IO User
15/05/2024

Great for beginners

My start on the platform was easier that antcipated. The support section was very informative and resources were easy to understand as a new trader. Now can navigate and trade with ease!

Evaluation

Price value
Ease of Use
Experience
Features
Safety

F. Lutz

5.0/5.0 - Binance User
17/06/2024

Huge platform

Binance has hundreds of cryptos to choose from, that sealed the deal for me. All in one place, just have to put in the effort to resaerch before investing.

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Rayhan Marquez

5.0/5.0 - Bitfinex User
22/05/2024

Great customer service

I have never experienced such a great support like I did on Bitfinex, neither in the crypto space nor in any other web business

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Hook Ioana

5.0/5.0 - Kraken User
24/05/2024

PRO level :)

How come no one told me to start using Kraken PRO sooner. I regret missing oportunity. At least now i'm at a level that I can use the platform to it's full potential

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Leave your honest Best Crypto Exchange in China review

Leave your genuine opinion & help thousands of people to choose the best crypto exchange. All reviews, either positive or negative, are accepted as long as they’re honest. We do not publish biased reviews or spam. So if you want to share your experience, opinion or give advice - the scene is yours!

FAQ

What is the best crypto exchange in China?

While crypto is not legal in China, and there are no exchanges that actually operate in the country, Chinese traders still manage to access crypto trading using VPNs. In that case, the best crypto exchange in China can vary depending on individual preferences and needs. Consider factors such as security, trading options, fees, and customer support when evaluating exchanges. Some of the most reputable platforms include Binance, Kraken, and Coinbase.

Is Bitcoin legal in China?

The short answer is – Bitcoin itself is not illegal, but you cannot do much with it. You see, in 2013, China restricted bank transactions with Bitcoin. Then, in 2021, it banned Bitcoin mining and trading. However, there is no law that bans Chinese residents from holding BTC. Thus, owning Bitcoin is not illegal, but trading, mining, and transactions are prohibited.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no β€œother person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

binance
×
Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards
Rating
;