Armed with that information, you can start to narrow down your shortlist by considering if the exchange suits you. For instance, if you plan to do a lot of trading on the go, then you should focus on the platform that offers the best crypto app in China. 4. What is the account verification process? When you create an account, you’ll often be asked to supply some personal details and a form of ID to verify your identity.

Crypto Trading For Beginners

You purchase Bitcoin and other cryptocurrencies by first typing the coin name or symbol into the search box. Finally, to buy Bitcoin or any other crypto asset, hit the ‘buy’ or ‘trade’ button. Your crypto assets will show up in your exchange wallet once the trade goes through. You can leave them there, or you can move them to a dedicated crypto wallet. Fill in how much cryptocurrency you want to buy, and execute the trade. Then you enter the details of the trade. For example, to buy crypto online, search for the symbol, BTC. With a wallet, you have more control over your money, but it’s a bit more inconvenient if you plan on trading regularly.

Peer-to-peer (P2P). A peer-to-peer crypto exchange operates like a decentralized exchange, but there’s still a central body that acts as the intermediary. Each side in a transaction makes the payment, and the central body releases the funds as soon as both sides have sent money. Can I buy traditional financial assets on a crypto exchange in China? On some platforms, you can, but a better option is to sign up for a dedicated service that offers the specific assets you want to trade. The best trading platforms in China allows you to buy and sell stocks, while the best forex brokers in China is best for currency trading.

The fees: Trading fees are charged on a sliding scale. It’s an award-winning broker and offers 11 CFDs on digital assets, including Bitcoin, Ethereum, and Dogecoin. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. All of its crypto CFDs are traded against the USD. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account. We love FP Markets because it uses cutting-edge technology to ensure all crypto trades are executed at lightning fast speed.

A crypto exchange account. Sign up to an exchange supporting local payment methods. You can also buy crypto with PayPal or another e-wallet. A way to pay. If you’d like to invest in crypto anonymously, we also list the best no-KYC cryptocurrency exchanges available. Many people in China buy Bitcoin with a bank account or card payment. A personal crypto wallet (optional). You usually have to provide ID when you’re buying Bitcoin in China. Copy of your photo ID. Chinese crypto exchanges ask for ID verification in order to comply with KYC (Know Your Customer) regulations, which are in place to prevent fraud.