You can buy Bitcoins in the following Chinese exchanges:

1. Huobi

Huobi was one of the “Big Three” exchanges in the world, and it claims to have reached a record amount of 380,000 BTC traded daily on February 25, 2014. Their trading volume fell drastically when the Chinese government decided to implement the law against money laundering, which banned all cryptocurrency withdrawals in the country.

Pros

  • Low fees for Chinese traders
  • High liquidity for Chinese market
  • 24/7 phone support

Cons

  • Minimal information in English
  • Possibly fake trading volume

2. OKcoin

OKCoin was a largest Bitcoin exchange in the world with a volume of over 16 million Bitcoins per month. One of the reasons for OKCoin’s success was their fee schedule. The fees were very low in the International market and unmatched in the Chinese market (zero percent). Now they have 0.2 percent fixed fees.

Pros

  • Superb liquidity, often the best in the Chinese market
  • Many advanced trading options
  • Low fees

Cons

  • Artificially inflated BTC volume
  • Sometimes foreign traders have problems with verification

3. BitMex

BitMEX is one of the exchanges with the widest spectrum of trading services offered in the world. This is a reliable exchange for all those looking to make some advanced trading. Not the best fit for beginners.

Pros

  • Available futures and derivates trading
  • Many advanced features
  • Good liquidity

Cons

  • Not for beginners
  • Complicated interface

4. BitFinex

Bitfinex is a Hong Kong based trading platform that provides advanced services for cryptocurrency traders. Definitely a great exchange to buy and sell Bitcoin, one of the best in terms of disaster management.

Pros

  • Low fees
  • Full package of order types, margin trading and lending market
  • Paid back all the losses from the hack (!)

Cons

  • Not a very transparent company
  • Has been hacked in 2016 (but solved it brilliantly)

Before buying Bitcoins, please check would you be able to make a withdrawal. You don’t want your coins to be stuck on the exchange.


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Posted by Min Park

Blockchain Marketing Specialist / ICON ($42M) / MediBloc ($25M) / BOScoin ($12M) / PAXchain ($60M) / Krown Media / :0

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