Top Crypto Exchanges in China: A Comparative Guide
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Bybit - Best for active traders (trading fees from 0, strong futures liquidity)
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Binance - Best liquidity in top coins (highest BTC and ETH volume, as well as average liquidity)
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MEXC - Best for additional futures trading opportunities (numerous events and regular competitions)
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Bitget - Best for diverse social trading (spot, futures, and bot copy trading with low fees)
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BingX - Global exchange with spot, derivatives, and copy trading features, supporting over 700 coins
At Traders Union, we evaluate cryptocurrency exchanges in China to help traders find safe, reliable, and feature-rich platforms while avoiding unregulated options.
To recommend the top exchanges for China, we analyzed 100+ platforms using 140 measurable data points, focusing on security, fees, regulation, usability, and advanced trading tools.
Our transparent Methodology ensures data-driven recommendations, helping both beginners and professionals choose the best crypto trading platforms in China
Risk warning: Cryptocurrency markets are highly volatile, with sharp price swings and regulatory uncertainties. Research indicates that 75-90% of traders face losses. Only invest discretionary funds and consult an experienced financial advisor.
Comparison of leading crypto trading platforms in China
We compared crypto exchanges based on key factors:
- Acceptance of residents from China
- Minimum deposit
- Range of supported cryptocurrencies
- Spot maker fee rates
This analysis highlights the top exchanges in China, ensuring they meet the needs of both novice and experienced traders.
| Bybit | |||
|---|---|---|---|
| Accepts residents of China |
Yes
|
Yes
Yes
Yes
Yes
|
Yes
Yes
Yes
Yes
|
| Minimum deposit, USD | 1 |
No
1
10 EUR
1
|
No
1
10 EUR
1
|
| Coins Supported | 750+ | 800+ 2700+ 1000+ 1000+ | 800+ 2700+ 1000+ 1000+ |
| Spot maker fee | 0.1 |
0.1
No
0.1
0.1
|
0.1
No
0.1
0.1
|
| Study review | Study review | Study review Study review Study review Study review | Study review Study review Study review Study review |
We have thoroughly evaluated the strengths and weaknesses of the top cryptocurrency exchanges in China, providing overall ratings based on our proprietary, data-driven methodology.
| TU Overall Score 9.2 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
9.5
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
9.3
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
9.8
/10
|
- Convenient trading platform;
- Integration with TradingView;
- Combination of futures and perpetual contracts trading;
- There is an order book;
- It has a minimum entry threshold;
- It is possible to open long and short positions with subsequent mutual recalculation;
- Opportunities for Muslim traders to participate in the crypto market.
- Difficult conditions for trading futures;
- Lacks a mechanism to protect the interests of traders.
| TU Overall Score 8.9 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
7.7
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
8.5
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
9.8
/10
|
- Low trading fees.
- Multifunctional P2P platform.
- Two-factor authentication (2FA).
- High liquidity and trading volume.
- Secure Asset Fund for Users (SAFU).
- Access to spot, futures, and options markets.
- Opportunities for passive income (staking, savings).
- Regulatory pressure and geographical restrictions.
- Complex interface for novice investors.
| TU Overall Score 8.7 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
7.5
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
8.5
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
5.5
/10
|
- Leverage up to 500x in the futures market.
- Developed ecosystem for passive income and automation.
- Industry-lowest trading costs: 0% for makers and 0.05% for takers.
- An additional 20% discount is provided when using the native MX token.
- Access to over 3,000 digital assets and more than 2,700 trading pairs.
- High-performance technological infrastructure: up to 1.4 million orders per second.
- Absence of global licensing.
- Risks of account blocks and low level of legal protection.
| TU Overall Score 8.6 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
6.6
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
7.5
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
10
/10
|
- A well-developed ecosystem for copy trading (covering both spot and futures markets).
- A user protection fund of approximately $600 million.
- A user asset collateralization ratio of around 130%.
- Availability of fiat channels and gateways (fiat rails).
- A diverse range of futures contracts (with leverage up to 100x).
- Strict compliance and regulatory restrictions.
- Less competitive base fees in the spot market.
| TU Overall Score 8.5 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
4.4
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
9.3
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
5
/10
|
- Low entry barrier for beginners.
- Unique integration with TradingView.
- Access to trading casual derivatives (CFDs).
- Regular proof of solvency — Proof of Reserves (PoR).
- Virtual VST tokens for risk-free demo trading.
- Advanced automation tools — Grid bots for spot and futures markets.
- High hidden costs (slippage and spreads).
- Limited presence in regulated jurisdictions.
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What are the cheapest crypto exchanges in China
To determine the cheapest cryptocurrency exchanges in China, we analyzed trading fees of the leading platforms in the region. Specifically, we evaluated maker and taker fees for both spot and futures trading and compared these values against market averages based on an analysis of over 100 exchanges.
Additionally, we reviewed deposit and withdrawal fees to provide a comprehensive assessment of the most cost-effective options for cryptocurrency trading in China.
-
Trading fees:
We compared base-level fees for spot and futures trading, including maker and taker fees. However, exchanges in China offer significant discounts for traders as their trading volume increases.
Bybit Market average Based on comparing fees across more than 200 cryptocurrency exchanges. Spot maker fee, % 0.1 0.1 No0.1 0.10.194 Spot taker fee, % 0.1 0.1 0.05 0.1 0.1 0.157 Futures maker fee, % 0.02 0.02 No0.02 0.020.024 Futures taker fee, % 0.055 0.05 0.02 0.06 0.045 0.053 -
Deposit and withdrawal fees and payment options
We also compared crypto exchanges deposit and withdrawal fees, as well as the payment methods available in China.
Bybit Deposit fee NoNoNoNoNoNoNoNoNoWithdrawal fee 0.000111 ВТС
0.0015 ETH (ERC20)0-3.5% 0.0003 BTC 0.00005 BTC
0.00064 ETH 0.0005 BTC
0.005 ETH0-3.5% 0.0003 BTC 0.00005 BTC
0.00064 ETH 0.0005 BTC
0.005 ETHBank Wire YesYesYesYesYesYesYesYesYesBank cards YesYesYesYesYesYesYesYesYesPayment services YesYesYesYesYesYesYesYesYesP2P YesYesYesYesYesYesYesYesYes
What are the safest exchanges in China
The safety of exchanges in China was assessed based on Tier-1 regulation Tier-1 regulation refers to the highest level of financial oversight provided by globally recognized regulatory authorities, ensuring strict compliance with security, transparency, and user protection standards. , security measures (e.g., 2FA, cold wallets), and the absence of successful hacking incidents. Exchanges with Tier-1 regulation are the most reliable, as they comply with strict international standards.
| Bybit | |||
|---|---|---|---|
| Tier-1 regulation |
Yes
|
Yes
No
Yes
No
|
Yes
No
Yes
No
|
| Government-regulated |
Yes
|
Yes
No
Yes
No
|
Yes
No
Yes
No
|
| 2FA |
Yes
|
Yes
Yes
Yes
Yes
|
Yes
Yes
Yes
Yes
|
| Cold wallet storage |
Yes
|
Yes
Yes
Yes
Yes
|
Yes
Yes
Yes
Yes
|
| Investor protection fund |
Yes
|
Yes
No
Yes
Yes
|
Yes
No
Yes
Yes
|
Is crypto market regulated and taxable in China
Crypto regulation in China
As of January 2025, China maintains stringent regulations on cryptocurrency activities. The People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) are the primary regulators overseeing crypto-related matters. In December 2024, SAFE introduced new regulations requiring banks to monitor and report high-risk transactions, including those involving cryptocurrencies, to curb illegal financial activities. These measures aim to prevent capital flight and maintain financial stability. Despite these restrictions, underground crypto trading persists, with individuals using over-the-counter networks and peer-to-peer platforms to circumvent regulations. There are no specific deposit insurance schemes for cryptocurrency holdings in China.Taxation of cryptocurrencies in China
Given the stringent regulations and the effective ban on cryptocurrency trading and exchanges in China, the tax implications primarily affect crypto-related businesses rather than individual investors. The absence of a formal tax regime for cryptocurrencies further discourages their use domestically.The information on cryptocurrency taxation in China is provided for informational purposes only. Be sure to consult a professional for accurate guidance.
Which exchanges are best suited for professional traders in China?
We have compared exchanges based on key factors important for professional traders, including API integration, large trading volume, futures trading, advanced order types, and support for proprietary bots. Based on our analysis, here are the top exchanges that offer these advanced trading features:
| Bybit | Binance | MEXC | |
|---|---|---|---|
| API integration |
Yes
|
Yes
|
Yes
|
| Large trading volume |
Yes
|
Yes
|
Yes
|
| Futures trading |
Yes
|
Yes
|
Yes
|
| Advanced order types |
Yes
|
Yes
|
No
|
| Proprietary bots |
Yes
|
Yes
|
Yes
|
What are the best crypto exchanges for beginners in China?
The best crypto exchanges for beginners in China offer:
| Bybit | Binance | MEXC | |
|---|---|---|---|
| Education | 9.2 | 8.2 | 7 |
| P2P account |
Yes
|
Yes
|
Yes
|
| Demo account |
Yes
|
Yes
|
No
|
| Staking |
Yes
|
Yes
|
Yes
|
| Copy trading |
Yes
|
Yes
|
Yes
|
| Beginner friendly app |
Yes
|
Yes
|
Yes
|
How choose the best crypto exchange in China?
When choosing a crypto exchange in China, consider these essential factors:
-
Supported Cryptocurrencies
Ensure the exchange supports a wide range of coins, including altcoins and stablecoins, especially if you plan to diversify beyond Bitcoin. A broader selection offers greater flexibility for both trading and investment.
-
Local Payment Options
Opt for platforms that support local payment methods in China, such as bank transfers, mobile money, or local e-wallets. This simplifies deposits and withdrawals while reducing currency conversion fees.
-
Transparent Fees
Compare trading fees, withdrawal charges, and any hidden costs. Lower fees mean higher profits, so look for exchanges with competitive pricing structures that clearly display all costs upfront.
-
Robust Security
Prioritize exchanges with strong security measures, including two-factor authentication (China), cold storage for funds, and regular audits. Review the platform's history to ensure no major hacking incidents.
-
Educational Resources
For beginners, exchanges with demo accounts, tutorials, and a strong educational section can help you learn trading strategies and reduce risks.
-
Customer Support
Reliable customer service is essential, especially for troubleshooting technical or account issues. Choose platforms with 24/7 support and multiple contact methods.
Expert advice for traders in China
Over time, I've found that staking, lending, and yield farming can be excellent ways to earn passive income while holding crypto assets. Some exchanges offer high APYs on stablecoins and top cryptocurrencies, allowing traders to grow their portfolios without active trading. Lending programs enable users to earn interest by providing liquidity to margin traders, while staking options support network security and reward participants. Many platforms also offer flexible vs. fixed staking terms, where longer lock-up periods generally yield higher rewards. Choosing an exchange with reliable passive income options can help traders maximize returns while maintaining long-term exposure to crypto assets.
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Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets.