The Best 5 Crypto Exchanges to Use in China in 2024

China is one of the most anti-crypto countries in the world. However, its residents still engage in crypto trading to this day.

If you’re one of those residents in the country, you may be wondering which crypto exchange to use but you’re not alone. 

There are thousands if not millions of other crypto investors and traders in the country. However, you need to be careful when choosing the crypto exchange to use. There are many factors to consider in the process.

The first is the ease of using the exchange. Nobody wants to use an exchange that is difficult to use. Therefore you need a simple platform to use. Secondly, the exchange should have low fees as fees can add up quickly and eat into your portfolio.

Another critical factor to consider is the security of the platform. Dealing with crypto is a risk in itself, so if you’re choosing a crypto exchange, you should at least ensure that it is safe enough for your crypto portfolio.

There are many crypto exchanges that seem legit but are quite dangerous for your investment. If anything goes wrong on such exchanges, you can lose your investment without any hope of recovery.

With regard to these and other factors, we have curated the best exchanges available to use in China and they are as follows.

Binance

Binance is the favorite crypto exchange in the world, and is the favorite in China too. It currently has its largest market in China, even though the country banned crypto in 2021. The platform is simple and easy to use, catering to both new and experienced investors.

You can buy and trade over 350 cryptocurrencies on the platform. It also provides crypto staking as a way of earning passive income on your crypto assets. There are over 100 assets you can stake to earn passive income on the exchange.

Binance is also known for charging very low fees. In fact, it is one of the cheapest crypto exchanges to use in the world, which makes it not surprising that it is so popular. The exchange is also very secure, with an insurance that covers your assets in case of any security breach.

Kraken 

Kraken is another popular choice for crypto investors in China. The exchange is known for its unmatched security, being one of the oldest crypto exchanges in the world but with no history of a security breach.

The exchange supports over 350 crypto assets you can buy and trade or swap with one another. Your level of crypto experience doesn’t really matter because the exchange has a friendly user interface for both beginners and pros.

The fees on Kraken are also very competitive, making it an attractive option even for those investing on a low budget. If you’re looking for a great exchange to use with much emphasis on security, there’s no better option than Kraken.

OKX

OKX is a great crypto exchange driven by innovation that serves users from all over the world. It is also one of the most popular exchanges in China. You’ll find it is a good exchange for both beginners and advanced traders.

The exchange also has very competitive fees, making it a good place to buy and trade your favorite assets. You can also stake and earn passive income on the platform with various products available.

There are over 350 crypto assets listed on the exchange, which is enough for most crypto investors to diversify their portfolios. You can also use it on the website or as a mobile app with the wallet. OKX uses the latest technology to secure its platform and also a compensation policy for users.

Final Words

These are the leading crypto trading platforms in Mainland China. You can use them with confidence because they have been scrutinized and found worthy to be used for trading in China and many other countries.