How To Buy Bitcoin in China?

Easiest and cheapest ways to buy crypto in China

No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in China is a bit harder than in some other countries so we have compiled a list of exchanges where Chinese citizens can buy bitcoin.

Trusted & high liquidity
How To Buy Bitcoin in China?

Huobi

👛 Ease of Use – Medium
👛 Fees – Average
👛 Verification – 1-2 days
👛 Reputation – Trusted
👛 Supported fiat – EUR, IDR, MYR, NGN, ZAR, ZMW, USD

Huobi is one of the largest crypto exchanges in the world.
More info +
Established & high liquidity
How To Buy Bitcoin in China?

Binance

👛 Ease of Use – Medium
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, AUD, RUB

Launched in July 2017, Binance quickly became the world’s largest centralized crypto exchange, with more than $15 billion in daily trading volume. It has over 30 million users all over the world. Binance offers an impressive number of cryptocurrencies that you can buy, sell, and trade with low trading fees.
More info +
Established & high liquidity
bitfinex

Bitfinex

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, and CNH

As one of the largest crypto exchanges, Bitfinex has been building its reputation ever since it was launched in 2012. With millions of users and a huge ecosystem, this platform is one of the leading exchanges in the world when it comes to trading volume.
More info +

Best Bitcoin Wallets in China

It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets.

But, which bitcoin wallet is available in this country?

The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.

Bottom Line
Pros
Cons
ZenGo
ZenGo
Mobile
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Bottom Line
ZenGo is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
Pros
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
Cons
No major flaws
Exodus
Exodus
Desktop
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Bottom Line
Electrum is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
Pros
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Cons
Not completely open source
Ledger Nano X
Ledger Nano X
Hardware
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Bottom Line
Ledger Nano X is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Pros
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Cons
Small display
complicated to setup for newbies

Read also:

Regulated & high liquidity
How To Buy Bitcoin in China?

Kraken

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 2-3 Days
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, CAD

Kraken has been a dominant force since its inception in 2011. The platform is a hub for trading a diverse range of over 220 digital assets, with popular names like Bitcoin, Ethereum, and Cardano leading the pack. Kraken’s reputation for top-tier security measures is well-earned, ensuring a safe trading environment for its users.
More info +
Regulated & very safe
How To Buy Bitcoin in China?

Coinmama

👛 Ease of Use – Easy
👛 Fees – High
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD

Coinmama is one of the oldest centralized cryptocurrency exchanges on the market. It was founded in Israel in 2013. Today, Coinmama’s head office is in Dublin, Ireland. Using this crypto exchange, you can easily and quickly buy and sell 10 different cryptocurrencies.
More info +
Regulated & high liquidity
How To Buy Bitcoin in China?

Paybis

👛 Ease of Use – Easy
👛 Trading Fees – Average
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, and more

Paybis is a cryptocurrency exchange that offers a safe, secure, stable, and easy to use platform to its users from when it was founded back in 2014.
More info +
Trusted & high liquidity
Bitstamp

Bitstamp

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP

Since its inception in 2011, Bitstamp has been a beacon in the cryptocurrency exchange landscape. It holds the title of the oldest crypto exchange, lauded for its reasonable pricing, steadfast service, and intuitive setup. Bitstamp’s footprint is evident in over 100 countries, albeit with potential feature restrictions in some locales. The exchange’s operations are overseen by a team of seven connoisseurs, proficient in both classical and decentralized financial ecosystems.
More info +
Regulated & high liquidity
kucoin logo

KuCoin

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat –  USD, EUR, GBP, AUD, CAD + 20 more


KuCoin, founded in 2017, has carved a niche for itself. Operating out of Hong Kong, this exchange is celebrated for its vast array of over 600 cryptocurrencies, ensuring that both mainstream and emerging coins are accessible to traders
More info +
Established & high liquidity
paxful

Paxful

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD + more

Paxful is “the Uber of the Bitcoin”. It is a crypto exchange based in the US that has over 200 employees. Paxful was launched back in 2015 so it has been around for quite some time now. The founders of Paxful are Artur Schaback and Ray Youssef.
More info +

Frequently asked questions about buying Bitcoin in China

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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