Top 6 Asian Crypto Exchanges
Along the battle lines between crypto exchanges around the world, the Asian region has gradually gained strong positions to rival its western counterparts, with China remaining the biggest power player in the movement of crypto-assets like Bitcoin.
However, although the recent regulations imposed by the Chinese government are changing the rules of the game worldwide, Asia is not only China, so it’s sure that the land of the dragon will continue advancing its pieces to gain new positions on the crypto battlefield.
Today, you’ll learn about the top 6 Asian crypto exchanges, what are the characteristics that make them stand out from the competition, and what you can expect from them. Let’s get started.
KikiTrade
KikiTrade is a platform that offers an exchange service focused on the less experienced user in the crypto world. This is something that you can easily observe thanks to its social trading function, which allows you to follow the strategies of more experienced users.
This feature is very well complemented by the wide variety of social functions, in which users can participate and communicate to enrich their experience on the platform.
In addition, KikiTrade offers 0% trading fees, which makes this platform even more attractive for the beginning Asian user who wants to get started quickly and without complications in this ecosystem.
Supported countries
KikiTrade is available in Hong Kong (China), Taiwan, Thailand, the Philippines, Singapore, Indonesia, and Malaysia.
Security
KikiTrade is a fully licensed exchange in Australia, so it offers enough measures to ensure the security of its users, such as KYC, AML, asset segregation, custodian wallet, auditing, company governance, and more.
Fees
0% trading fees. 0.15% withdrawal fees.
Ease of use
As already mentioned, KikiTrade is a platform that stands out for its ease of use and intuitive interface.
Wallet service
The platform offers a custodial wallet service.
Customer support
At KikiTrade, you can contact support in several ways, including chat, email, and calls. In addition, its social nature allows users to learn from others through other channels like forums.
Additional help
KikiTrade has a help section focused on beginner users.
Additional benefits
You can download the mobile versions of KikiTrade for Android and iOS to enjoy more user-friendliness.
Huobi Global
Huobi is a crypto exchange that began operations in China in 2013 and has grown non-stop since then, already having a base of almost 3 million users.
Currently, although its main office is no longer in China, the company does have branches in other major Asian countries such as Japan, South Korea, Hong Kong, and even the United States.
The best thing about Huobi is that it makes life easier for traders around the world thanks to the wide variety of options and tools for crypto trading that it provides for traders of any level, as well as offering a good compilation of easily accessible educational material.
Supported countries
As its name indicates, Huobi Global is a platform with worldwide reach and supports the following countries, Japan, Vietnam, Malaysia, South Korea, Hong Kong (China), Singapore, and the USA.
Security
The exchange has almost a decade of successful operations in the sector, offering a high level of trust and security through tools such as AML and KYC, 2FA, custodial offline wallets, and a protection fund for investors.
Fees
0% fees when buying Bitcoin, from 0.2% to 0.7% in trading fees in a maker-taker scheme, and 0% fees for deposits and withdrawals.
Ease of use
Although the platform is suitable for all types of users, some may find it somewhat confusing at times due to the wide variety of options and tools available.
Wallet service
Online and offline custodial wallets for more than 90% of funds.
Customer support
Customer support is provided through live chat, email, and its educational database.
Additional help
Database with a good amount of information for novice users.
Additional benefits
Over-The-Counter (OTC) services available to high-level investors and organizations.
OKEx
OKEx is one of the largest exchanges in the world, currently ranking 14th by trading volume. This exchange established in Malta, Italy, stands out for the completeness of its offer, with hundreds of crypto assets – about 250 – with which you can operate easily and safely.
In addition to this, OKEx is a decentralized platform that offers highly competitive fees, as well as offering the possibility of obtaining additional benefits in various ways.
Supported countries
OKEx offers worldwide service available in more than 100 countries but supports the following countries in the Asian market, Hong Kong (China), Malaysia, and Bangladesh.
Security
OKEx has not been the victim of any hacker attack, and its security measures are at the expected level, including MFA, cold storage, web encryption, etc.
Fees
The fees at OKEx work based on a maker-taker scheme that starts at 0.1% and can decrease up to 0.09% depending on the volume of your transactions. For deposits and withdrawals, it’s a 0% fee.
Ease of use
It’s an accessible and easy-to-use platform for any type of user since it has two separate interfaces according to the user’s level.
Wallet service
OKEx has an online wallet that any user can use, but you can also connect your private wallet to the exchange.
Customer support
Support is available 24/7 through various channels, but it doesn’t stand out compared to other features of the exchange.
Additional help
An online help center is also available for all users. You can also contact them via social media.
Additional benefits
At OKEx you can trade from anywhere with your mobile app, get extra profit through its staking and affiliate programs.
BTCBOX
BTCBOX is a fiat-to-crypto exchange established in Japan that allows operations with some of the main cryptocurrencies in the industry, such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, although mainly using the Japanese yen.
A positive aspect of BTCBOX is that it has the support of Japanese banks, which makes it easier to trade with the yen, but for some reason, they don’t allow crypto-to-crypto operations.
Being an exchange focused on beginner users, the design and operation of the platform is quite simple and friendly, although it also has a second interface with more advanced options.
Supported countries
BTCBOX is an international exchange but mainly focuses on the Japanese market since its website is not fully translated into other languages.
Security
The platform offers security that is industry standard with services such as cold storage, 2FA, data encryption, and more.
Fees
0.20% trading fee + BTC 0.001 for withdrawals.
Ease of use
As already mentioned, BTCBOX is a platform focused by default on the beginner user, so its interface is quite straightforward and easy to use. It also has a second interface for more expert users.
Wallet service
A hot wallet for day-to-day trading and a cold storage wallet to secure user funds.
Customer support
Available via live chat and email, but you’ll need to speak Japanese to be able to communicate with them.
Additional help
Help center, FAQ, blog.
Additional benefits
Mobile app for Android and iOS.
Tokenize
Tokenize is another fiat-to-crypto and crypto-to-crypto exchange established in Singapore. It allows you the buying, selling, and trading of a good variety of digital assets. The platform offers around 20 crypto assets through an intuitive interface that will allow you to carry out your operations almost in the blink of an eye.
The exchange was established in 2018 and has had fairly rapid growth – already exceeding 100K users – taking into account that it’s a little-known exchange.
Supported countries
The exchange primarily supports users from Malaysia and Singapore but its fiat-to-crypto exchange option is only available to users in Singapore.
Security
KYC and AML procedures, 2FA, IP whitelisting, and multi-sig authorization, among others. Insurance for up to $100 million.
Fees
Tokenize follows the industry average by offering a flat trading fee of 0.25%, 0.8% for purchases with fiat, and 0.02% for withdrawals. However, these fees may decrease if you subscribe to one of their memberships.
Ease of use
The platform has a very easy-to-use interface, and it’s also possible to access its services from the comfort of your phone with the official mobile app.
Wallet service
Hot wallet for daily use and cold storage to secure the funds of its users.
Customer support
With the free account, customer support may not be the best, but this changes when you upgrade to a paid membership, with excellent response times 24/7.
Additional help
The usual help center with FAQs and other similar additional help.
Additional benefits
Mobile trading app. You can earn passive income from your cryptos through various means.
Luno
Luno Bitcoin is an exchange that began operations in 2013 focusing on bringing the crypto world to developing countries, especially in Africa. Luno tries to offer a simple interface for every type of user, as well as additional tools and education to make the platform more accessible to people who are taking their first steps with cryptocurrencies.
Supported countries
Luno currently supports about 40 countries, mostly from Europe, but also offers its services in Indonesia, Malaysia, Singapore, Nigeria, South Africa, and Zambia.
Security
The exchange is characterized by its high level of security, offering technologies such as 2FA verification, deactivation of sending funds, and touch activation in its mobile app. To date, it hasn’t received any hacker attacks.
Fees
In this aspect, Luno is quite competitive with very low fees based on a variable maker-taker scheme that can result in fees from 0.25% to 1%.
Ease of use
Luno has a basic interface for newbies, but it also offers advanced options for experts, such as advanced charting, indicators, and reports.
Wallet service
Luno is not a wallet, it only offers a temporary custodial wallet so that users can carry out their operations on the platform.
Customer support
As with most exchanges, customer support isn’t noted for its efficiency. It’s possible to contact support through online tickets and email.
Additional help
The platform tries to bring the crypto world closer to developing countries, which is why it offers educational material on the subject within its platform. It also has a forum where users can express their basic doubts.
Additional benefits
It doesn’t offer staking or other similar investment options.
Final words
There are many options available in the Asian region when it comes to crypto, and although in some cases the language can be an obstacle for some users when it comes to taking advantage of these platforms, that’s not the common norm, so looking for new opportunities in these exchanges can be a good alternative for some investors, always depending on their needs.
Even with the circumstances that the crypto world is experiencing today in terms of regulation, it’s sure that Asia will continue providing great options to all crypto enthusiasts around the world now and in the near future insha’Allah.
