China has a reputation as an anti-crypto country, having banned cryptocurrencies in the past. Also in an attempt to discourage the use of cryptocurrencies, the country is aggressively pursuing the launch of a central bank digital currency, the digital Yuan.
As a result of its past actions, the average person believes that there are no crypto users in China currently, but that cannot be further from the truth. There are crypto traders in China, and there are crypto exchanges you can use to buy or trade cryptocurrencies, right in China.
In this guide, we list some of the most popular crypto exchanges in China that you can use if you live there. Whether you’re a beginner trader or an experienced trader, you will find this list relevant as you pursue crypto trading in China.
Without further ado, here are the best crypto exchanges to use for buying or trading crypto assets in China.
Binance tops this list because well, it is the largest crypto exchange in the world by trading volume. It is also probably the most popular crypto exchange in China. The exchange recently reported a $90 billion monthly trading volume out of China, something no one expected, considering China’s stance on crypto.
Binance has high liquidity that makes it attractive to altcoin traders, as well as a long list of crypto assets. It is also known for low fees compared to many other top crypto exchanges. Being a crypto exchange for both beginner and advanced crypto traders, it has a Lite version for beginners, and the full version for pro traders.
You can access the trading platform on both Android and iOS devices, enabling you to trade on the go.
Huobi Global is another global crypto exchange. The exchange is particularly popular in Asia because it was originally founded in Beijing, China in 2013, even though it has moved its headquarters to Seychelles.
The exchange is known for its relatively low trading fees, and offers a platform with many features pro traders will find useful, including interactive charts, limit and stop orders, and margins and futures trading.
You can access over 400 crypto assets on Huobi Global, which is a big plus for altcoin traders. Holders of Huobi Token (HT) enjoy discounts on fees when using the platform, and the more HT you hold, the lower the fees.
Huobi Global is most suitable for experienced traders and investors, but of course, anyone can use it to buy and sell cryptocurrencies.
Coinbase is a leading global crypto exchange based in the United States. It is the biggest crypto exchange in the U.S., but caters to users from all over the world. Coinbase was the first crypto exchange to go public, making it a true leader in the crypto space.
The Coinbase platform is known for its simple user interface, making it ideal for beginner investors and traders, and yes, it is available for use in China. There are hundreds of supported crypto assets on Coinbase, and it has one of the biggest collections of crypto assets.
The only downside for Coinbase is that its fees are kind of high. If you don’t have a problem with that, the exchange is certainly one you should try, especially if you’re a beginner.
Kraken is another top global crypto exchange. Also based in the United States, it serves users from all over the world, including China. Kraken has distinguished itself in terms of security, being the only crypto exchange that has never been compromised in any way, even though it is one of the oldest crypto exchanges.
The exchange provides experienced and intermediate traders with a platform for trading futures contracts. However, beginner users can also use it with little or no problems. Kraken’s only downside is that it doesn’t support as many crypto assets as the other exchanges on this list
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