Buy Bitcoin and trade Crypto Currencies in China with these Exchanges:

On this page you can find the best bitcoin and crypto exchanges for users in China.

It is not easy to buy bitcoin from China nowadays, due to the ever more strict regulation issued by the local financial authority. When you are purchasing bitcoin in China, you can deposit CNY to the bitcoin exchange platform using bank wire transfers or credit card purchases.

China became stricter and stricter regarding cryptocurrency regulations over the years. At the end of 2013, the People’s Bank of China (PBOC) made their first official announcement regarding bitcoin. PBOC restricted first the banks for facilitating bitcoin transaction and insure bitcoin-related products. Then, later on, they issued a new ban on third-party payment processors from doing a business with bitcoin exchanges. In 2014 banks had to close trading accounts related to bitcoin, but this ban was only applicable to companies, not to private individuals. In 2017 China even made a stricter regulation about cryptocurrencies in the country. New anti-money regulation has been passed to cover bitcoin exchange activities in the country and by the end of the year the operations of exchanges in the country have perished and platforms had to suspend or close trading.

Compare your Top 3 Bitcoin Exchanges
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Provider
Pro and Contra
Has been hacked?
Fees
Security
Trading
Great for EUR/USD
90 90
Pro
  • Has not been hacked
  • Good payment methods
  • Exchange interface is awesome to use
Contra
  • No trading platform
  • Not regulated
  • Fees are not listed
Has been hacked? No Fees
Deposit Fees:
N/A
Withdrawal Fees:
N/A
Trading Fees:
1.29%-1.49%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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100x Leverage, No KYC
92 92
Pro
  • 2FA ensures security
  • 100x leverage available in 5 cryptocurrency
  • no KYC required
Contra
  • no fiat deposits available
  • no trading API, mobile app or PC program to do trading outside of the site
  • not widely known yet
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Free
Trading Fees:
0.01%-0.05%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 100x
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Supports Credit Cards
80 80
Pro
  • High trading volume
  • Wire Transfer & Credit Cards
Contra
  • Premium on prices
  • Many bad reviews
  • Slow Withdrawals
Has been hacked? Yes, hacked in 2013 Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.16%-0.25%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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High Leverage!
90 90
Pro
  • Available futures and derivates trading
  • High leverage
  • Many advanced features
  • Good liquidity
Contra
  • Not for beginners
  • High Withdrawal Fees
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
-0.05%-0.25%
Security Excellent Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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82 82
Pro
  • low fees
  • futures trading options
  • leverage up to 100x
Contra
  • Lack of real user experience online
  • No social media activity
  • Users from the US are excluded
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
-0.02%-0.07%
Security Good Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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86 86
Pro
  • no trading commissions
  • rewards system after open trades
  • offers to trade forex and gold too beyond crypto
Contra
  • no real online presence of the company
  • US users are not accepted
  • only email contact is provided
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 50x
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Trade with FIAT
82 82
Pro
  • Professionally made website
  • Educational Materials (videos)
  • Easy verification process
  • Copy trading
Contra
  • Does not accept Bitcoin deposits/withdrawals
  • 75% of retail CFD accounts lose money
  • Limited cryptocurrency listings
  • No live chat
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
Yes
Trading Fees:
0.75%
Security Good Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 30x
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Great for AUS & NZ
80 80
Pro
  • Simple & easy to use
  • Fast transactions
  • Responsive customer care
Contra
  • US Users not supported
  • No 2-factor authentication
  • Limited fiat & coin portfolios
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
High (2-4%)
Trading Fees:
0.00%
Security Good Trading
Futures? N/A
Derivatives? N/A
Margin Trading? No
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72 72
Pro
  • high amount of leverage up 100x in bitcoin
  • easy to understand trading interface
  • low fees
Contra
  • new company, with no established online presence
  • no fiat trading option
  • no advanced order types
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.001 BTC
Trading Fees:
0.075%
Security Average Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 100x
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90 90
Pro
  • - many coins and payment method supported
  • - fee sharing model
  • - transparency about company background
Contra
  • - reliability of service is depending on the sellers on the platform
  • - too many options to choose from can paralyze users
  • - high crypto prices
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Free
Trading Fees:
0.70%-1.00%
Security Medium Trading
Futures? No
Derivatives? No
Margin Trading? No
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90 90
Pro
  • Almost all countries are accepted (including some parts of the US)
  • Highest buying limit
  • Good Support
Contra
  • 3% fee
  • Some scam claims
Has been hacked? No Fees
Deposit Fees:
5% credit card fee
Withdrawal Fees:
5% credit card fee
Trading Fees:
5.90%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Easy account creation
  • Futures and Options available
  • Phone support
Contra
  • Beta phase
  • Platform design needs to be “optimized”
  • Does not support any Fiat deposit/withdrawals
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
-0.02%-0.03%
Security Excellent Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 10x
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72 72
Pro
  • 140+ currencies available
  • Accepts Credit Cards
  • 2FA Security
  • No verification for crypto to crypto
Contra
  • High transaction fee of 0.5%
  • Negative comments from the community
  • Still a lot to prove (a fairly new company)
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
0.50%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Easy to use website
  • Great features
Contra
  • Verification process is long
  • Focused on Argentinean market
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
$20
Trading Fees:
0.50%-1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • 2FA
  • Low Fees
  • A wide range of coins
Contra
  • No Fiat Payments
  • Leverage not available yet
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.025%-0.075%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 50x
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Fast Support!
78 78
Pro
  • Competitive fees
  • Good security
  • Accepts many different FIAT currencies
Contra
  • Website could use some improvements
  • Doesn't keep the pace with competition
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes, 1% + 5 USD
Trading Fees:
0.00%-0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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82 82
Pro
  • low commissions
  • No KYC needed for crypto only deposits / withdrawals
  • good resources on trading and cryptocurrency
  • UK phone hotline
Contra
  • no information on the company background
  • US users are restricted
  • only cryptocurrency deposits are accepted
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? up to 50x
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82 82
Pro
  • Low fees
  • A wide variety of payment methods and currencies accepted, at least in theory
  • Easy to join and get going
Contra
  • Mixed reviews
  • Slow customer support
  • High commissions charged (by the seller) for buying Bitcoin with uncommon methods or in non-mainstream currencies
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%-1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Good reputation
  • High volume and liquidity
  • Connections in the industry grant it additional legitimacy
  • Easy to use and quick
Contra
  • Supports only BTC/FIAT trades
  • More negative comments in the recent past
  • Slightly higher fees if you are trading lower volumes
Has been hacked? Yes, in January 2015 Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.25%-0.10%
Security Very Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Accepts Fiat Currency Deposits
  • Physical Card
  • A lot of deposit options
Contra
  • Unregulated
  • Limited number of coins
Has been hacked? No Fees
Deposit Fees:
2%
Withdrawal Fees:
2%
Trading Fees:
0.17%-0.43%
Security Excellent Trading
Futures?
Derivatives? Yes
Margin Trading? No
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Good Volume
70 70
Pro
  • Demo Mode
  • High trading volume
Contra
  • Hard Verification
  • Many user complaints
  • Fees are high
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Trading Fees:
0.10%-0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 3x
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High Volume
76 76
Pro
  • High USD liquidity
  • Low fees
  • Full package of order types, margin trading and lending market
  • Hack has been solved professionally and innovative
Contra
  • Not a transparent company
  • Reputation loss due to hack
  • Unclear situation with USDT (Tether)
Has been hacked? Yes Fees
Deposit Fees:
No
Withdrawal Fees:
No, except wire transfers
Trading Fees:
0.10%-0.20%
Security Ok Trading
Futures? No
Derivatives? No
Margin Trading? up to 3.33x
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Many Altcoins
72 72
Pro
  • Support for numerous altcoins
  • Fast deposits and withdrawals
  • Competitive fees
Contra
  • Weak liquidity for some of the coins
  • No mobile apps
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.02%-0.18%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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Lots of Altcoins
80 80
Pro
  • User-friendly Interface
  • Security -Yobi codes (deposit codes)
  • Free Coins
Contra
  • Many Negative reviews
  • Very high withdrawal fees ( > 0.001 BTC)
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.2%
Security Excellent Trading
Futures?
Derivatives? No
Margin Trading? No
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Easy & Private
64 64
Pro
  • Private and fast
  • Easy to Use
Contra
  • Need to keep an eye for scams
  • Not suitable for large buyers
  • Now ID verification is required
Has been hacked? Yes Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Verified merchants offer platform users services
  • Fast turnaround of deposits and withdrawals
  • High flexibility
  • Fully escrowed delivery
Contra
  • No mobile app
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.1% USD, 5 USDT, 0.0005 BTC
Trading Fees:
0.008%-0.150%
Security Good Trading
Futures? N/A
Derivatives? N/A
Margin Trading? up to 100x
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High Liquidity
60 60
Pro
  • No fees for Chinese traders
  • Super-high liquidity
  • 24/7 phone support
Contra
  • Minimal information in English
  • Possibly faking trading volume
Has been hacked? Yes, but nothing serious Fees
Deposit Fees:
For Chinese users - no, for foreigners - yes
Withdrawal Fees:
Yes
Trading Fees:
0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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Many Problems
80 80
Pro
  • Low fees
  • Excellent liquidity in EUR markets
  • Margin trading supported
Contra
  • Weak support for mobile platforms
  • No "advanced" orders (stoploss etc.)
  • Often has uptime problems when market gets hot
  • Volume lags a bit in BTC/USD
Has been hacked? No Fees
Deposit Fees:
Yes, in some cases
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.26%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 5x
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Best Support
60 60
Pro
  • Superb liquidity, often the best in the world
  • Many advanced trading options
  • Low fees
Contra
  • Sometimes foreign traders have problems with verification
  • Chinese Exchange (PBoC)
Has been hacked? No Fees
Deposit Fees:
In most cases no
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.10%
Security Excellent Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 3x
Visit Website
66 66
Pro
  • Federally regulated
  • Available in all 50 states of USA
  • Good liquidity and competitive fees
  • Keeps BTC in cold storage, backed by audited reserve minimum
Contra
  • No mobile apps
  • No margin trading and short selling
  • No ACH transfers
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
Show more Bitcoin Exchanges

Best Bitcoin Exchange for China

The Chinese raised Bitcoin. But now the crypto currency is a thorn in the side’s side’s side. It tries to curb speculation with ever new regulations – with only moderate success.

For years, only technology insiders were interested in Bitcoin. This changed abruptly about two years ago when Chinese investors discovered the most famous crypto currency for themselves. Many Chinese do not trust domestic monetary policy; they consider China’s capital controls to be too rigid. Word spread quickly that the purchase of Bitcoin offered an opportunity to hide assets from state financial supervision. The Bitcoin price jumped upwards.

Meanwhile, the value of a Bitcoin is over 18,000 US dollars. Cryptofever has long since spread all over the world. It is assumed, however, that between 50 and 70 percent of Bitcoin’s trade is conducted among East Asians; the Chinese are the main participants. In the former pioneer country of all places, however, the Bitcoin fever could soon be over again.

Transaction consumes a lot of electricity

In September, the government banned all trading places in the country for the new currencies. As a result, China’s third-largest IT company, Baidu, was forced to withdraw from Bitcoin as a payment option for its services. Other providers followed suit. Now the Bitcoin system in China is facing another blow. So-called miners (derived from miners), who provide the computing power of extremely powerful computers to the Bitcoin system and are rewarded with newly created Bitcoins, are now to turn off the power in China.

Bitcoin is a purely digital currency. It gets by without central banks and banks. The calculation of account balances is considered to be extremely secure. This has only been made possible by new methods of information technology. At the heart of the system is the so-called blockchain, a public database that effectively protects against manipulation.

However, an extremely large amount of electricity is required to “extract” Bitcoin. The tricky thing about this system is that the more computing power is available, i.e. the more people participate, the more difficult the mining becomes. An arms race for the most powerful processors begins – which demands even more power. A transaction currently consumes as much electricity as an average US household does in eight days. Most Bitcoin mines were built in China because of the low cost of electricity. The operators of such mines operated mainly in the vicinity of large hydroelectric power plants in the west and southwest of the country, where there are many dams, or in regions with a lot of coal mining, i.e. in central China. Most miners in these areas worked closely with local energy suppliers. It is suspected that they were heavily involved in the business. In mid-November, the state-owned energy utility State Grid Minern in the southwestern Chinese province of Sichuan ordered that the power of the miners be throttled. According to the letter, the supply of electricity to households has absolute priority over other business interests.

“The party is over”

Other regions are now following suit. “The party is over,” says Bobby Lee, head of the recently closed Bitcoin exchange BTCC. The Chinese leadership wants to be at the forefront of new technical inventions and was initially interested in crypto currencies. However, she sees a danger in the trade with Bitcoin, which has recently escalated from her point of view.

“Virtual currencies are an instrument of criminal activity,” declared the National Internet Finance Association of China in mid-December, a subdivision of the Chinese central bank, which in turn reports directly to the Chinese government.

Despite the recent restrictions – trading in coins is likely to continue in China. The official stock exchanges have closed the government down. Since then, trading with Bitcoin among users has boomed all the more. Service provider Local Bitcoin suspects that unofficial trading has increased by 2200 percent since September alone. Bitcoins are currently too attractive for the Chinese to keep their hands off.

Economy

Since 2010, the economy of the People’s Republic of China has been the second largest economy in the world after the USA, or in terms of purchasing power parity since 2016. In economic terms, the People’s Republic of China is highly dynamic and has developed into an economic and technological superpower as a result of a reform and opening policy that began in 1978.

The country has many mineral resources, especially coal, oil, natural gas and metallic ores. The People’s Republic of China is the world’s largest coal producer and the fourth largest oil producer. Coal reserves are the third largest in the world and oil reserves are estimated at around 24 billion barrels. China has 70 percent of the global reserves of rare earths and produces more than 95 percent of the world’s production of these raw materials. These metals are irreplaceable for many high-tech products manufactured in industrialized countries, such as mobile phones, hard disk drives, lasers, weapons systems or batteries for electric cars.

As a result of economic reforms, the economy of the People’s Republic of China has changed from a planned economy to an economic system that functions primarily according to market mechanisms. The Chinese government calls this economy, which is managed according to capitalist principles, “Chinese socialism. The dominant role of state capital has declined sharply since the late 1990s. In the past, China’s strength as a production location stemmed primarily from comparatively low wages. This is an advantage that has declined due to the sharp rise in wages in recent years.

China is no longer a low-wage country. In addition to natural resources, human resources are increasingly becoming the most important capital of the People’s Republic of China. Of the 800 million workers, 28.3 percent are employed in agriculture, 29.3 percent in industry and 42.4 percent in the service sector (as of 2016) Every year, between six and seven million university graduates with highly qualified degrees in technology and science enter the labor market. No other country currently invests more money in research and development than China.

Thus, the strengths of the Chinese economy lie in its advanced production know-how and supply chain management, which is increasingly making the country an economic innovation leader and a major player in global capitalism.

Development

With a gross domestic product (GDP) of around 11,218 billion US dollars (as of 2016), the People’s Republic of China is the world’s second-largest economy. In terms of per capita gross domestic product, China is in the middle of the global rankings with around 8100 US dollars. In 2015, the Chinese economy grew by 6.9 %.

In the World Economic Forum’s Global Competitiveness Index 2017-18, China ranked 27th out of 137 countries in 2016, mainly due to its strong export economy. With an export volume of 2,098 billion US dollars in 2016, China was the world’s largest exporter of goods. Since China’s economic opening, the country’s exports have more than multiplied from 2 billion to over 2000 billion dollars.

The service sector generated 51.6 percent of GDP in 2016, the industrial sector 39.8 % and the agricultural sector 8.6 %. This made China the world’s largest industrial power, the largest agricultural producer and the second-largest consumer market. Of China’s 900 million workers, 28.3% were employed in agriculture, 29.3% in industry and 42.4% in services by 2015.

The major stock exchanges in China are the Shanghai Stock Exchange, Hong Kong Stock Exchange and the Shenzhen Stock Exchange. Cities such as Beijing, Shanghai and Shenzhen are financial centers of increasing international importance.

Assets

According to a study conducted by Credit Suisse in 2017, the People’s Republic of China ranked second worldwide in terms of total national assets. The total holdings of real estate, shares and cash amounted to 29 trillion US dollars, with Chinese households owning almost one tenth of the world’s assets of approximately 280 trillion US dollars. The average wealth per adult is $26,872 and the median is $6,689 (in Germany: $203,946 and $47,091, respectively). Chinese households are thus in the middle of the world’s per capita wealth rankings. Overall, 45.4% of the total assets of Chinese households were financial assets and 54.6% non-financial assets. The Gini coefficient for wealth distribution was 78.9 in 2017, indicating a very high wealth inequality. The top 10% of the Chinese population owned 71.9% of assets and the top 1% owned 47.0%. The share of Chinese with assets under $10,000 is estimated at 63.1% of the population and the share with assets over $1 million is estimated at 0.2%. A total of 1.9 million Chinese were thus millionaires, which means that the country accounted for about 5% of the world’s millionaires in US$. The People’s Republic of China was also the country with the second highest number of billionaires in the world with a total of 373. The richest man in the country was Ma Huateng with assets of 45.3 billion US dollars (as of 2018).

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