Best Investment Brokerage Platform for Cryptocurrency 2021

Choose from best brokerage accounts to invest in Cryptocurrency and Learn how to maximize returns. Looking to buy Cryptocurrency? Compare Online Brokerage platform in Hong Kong in terms of commission fees and charges and learn Cryptocurrency trading basics on MoneySmart. Read More
We found 4 Online Brokerages for you!
Kikitrade logo

Min. Funding

HK$0

Min. Funding
Traded Cryptocurrencies Product
Cryptocurrency Exchange
Trading Fee
HK$0
Min. Funding
HK$0
Apply Now
CoinUnited.io  logo

Min. Funding

HK$0

Min. Funding
MoneySmart Exclusive
Traded Cryptocurrencies Product
Cryptocurrency Exchange
Trading Fee
HK$0
Min. Funding
HK$0
New customer who registers with "MoneySmart" referral ID and completes an Over-The-Counter (OTC) trade is eligible for HK$500 Apple Gift Card.
Valid until 31 Aug 2021 - See more details below
Apply Now
MYETHSHOP logo

Min. Funding

HK$0

Min. Funding
Traded Cryptocurrencies Product
Cryptocurrency Exchange
Spot Trading Fee
HK$0
Min. Funding
HK$0
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Saxo 盛寶金融 logo

Min. Funding

HK$10,000

Min. Funding
Traded Cryptocurrencies Product
Exchange Traded Notes (ETNs)
ETN Trading Fee
ETNS Min. 0.05% (VIP)
Min. Funding
HK$10,000
Read More

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Best Cryptocurrency Trading Platform 2021

Cryptocurrency Trading PlatformTrading FeesAccount Opening Requirement
KikitradeHK$018 years or above HK resident
MyethshopHK$018 years or above HK resident
Saxo0.05% of trade value18 years or above HK resident

What is Cryptocurrency?

Cryptocurrencies are a digital means of exchange. In short, it is a digital version of money which uses cryptography as a means of security. Unlike traditional currencies,such as Hong Kong dollar or the dollar, most cryptocurrencies operate with no backing of an authority. Instead of a physical stack of notes or coins, cryptocurrencies are confined to the internet. Its value is determined by market forces.
The performance of cryptocurrencies can be volatile. Over the past year alone, Bitcoin’s price has risen as high as $50,000.

Compare Cryptocurrencies - Bitcoin vs Other Cryptos

TypeTrading PlatformsFeatures
BitcoinKikitrade,Coinunited
  • First cryptocurrency
  • Most Popular
  • Starting to get more acceptance
Dogecoin Kikitrade,CoinunitedLow entry cost
Litecoin Kikitrade,CoinunitedConfirm transactions much faster than Bitcoin (only 2.5 mins required)
Tether Kikitrade,Coinunited
  • More stable value
  • Pegged at 1-to-1 with a matching fiat currency

How to Invest in Bitcoin and Cryptocurrency?

You can buy cryptocurrencies including bitcoin on trading platforms like Myethshop,Kikitrade and Saxo. They are easy to use and you can purchase various cryptocurrencies such as bitcoin.
Another way to invest is through mining - the process in which a crypto is awarded to a computer that solves a complex series of algorithms. In the past, you may be able to mine bitcoin using an average computer but now it is not possible. Also, it is a deeply energy-intensive process, making it quite difficult for an individual to be able to mine bitcoin in this way.

Benefits of Cryptocurrency Trading | Why Trade Cryptos?

Significant Potential for Appreciation

The potential for appreciation and the room for crypto growth is what attracts many new investors to tap into the crypto market. However, it is important to remember that there are no guarantees of gains.

Save by Cutting Out Intermediaries

As cryptocurrencies are decentralized, there is no need for users to rely on a bank or any other financial institution to make transactions. By cutting out the intermediaries, you can save on fees.

Transparency & Security

Every transaction that takes place in a decentralized network is recorded on a public blockchain permanently, therefore one cannot change it once confirmed. What’s more, every cryptocurrency transaction is verified so hackers or scammers cannot manipulate it.

Risks of Cryptocurrency Trading

What You Should Know Before Trading Cryptos?

Security Issue

Unlike traditional currencies, cryptocurrencies exist in digital form only and they have to be stored in a digital wallet. If you lose your private access key, you may end up losing your digital assets forever, which is why it is important to use comparison platform like MoneySmart to

Difficult to understand

The concept of a decentralized financial system that is stored with the help of blockchain technology can be difficult to understand. Therefore, investors may not understand fully what they are investing in.

Market fluctuations

The crypto market is very volatile. You may be constantly worrying about the rapid changes in the market.

How Crypto OTC Trading Works?

Over-the-counter (OTC) trading is a trade made directly between two parties without the involvement of an exchange. It is usually organized among dealers in a marketplace with no central location. For OTC crypto trades, the two parties trade both crypto-to-crypto or crypto-to-fiat.

FAQ

Can I buy Crypto with a credit card?

Yes. You can do so in some crypto trading platforms such as Binance.