Best Crypto Exchanges in China (Mainland) 🇨🇳 - Legal Status, Safe Alternatives & No-KYC Options - video Dailymotion

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Transcript

00:00best cryptocurrency exchanges in china so in today's video we'll be navigating the restrictions

00:06the safe alternatives and the rise of cross-border crypto access right so cryptocurrency trading in

00:13mainland china has long existed in a gray zone moving from early innovation to strict prohibition

00:20as of 2025 cryptocurrency exchanges which are centralized and trading services remain

00:26banned for mainland residents under government directives which were enforced in 2021 yet

00:33chinese retail and institutional interest in blockchain and digital assets remains enormous

00:39which is reflected in china's um in leadership in bitcoin mining technology right cbdc pilots the

00:47digital yuan and hong kong's regulated crypto sector so today's guide is just to help you understand

00:53what's legal what's not legal in mainland how global um and hong kong-based exchanges differ

01:00the safest way to learn store manage crypto privately and also some no kyc global platforms that traders

01:07outside china are using right so regulation snapshot is very important to cover here because in mainland

01:13china all centralized crypto exchange operations are banned by financial institutions and payment

01:19providers are prohibited from offering crypto related services individuals cannot legally use the

01:25centralized exchanges for trading conversions or payments domestic crypto websites or apps and

01:30social channels are blocked under the great firewall and mining operations were officially banned in 2021

01:36but small-scale operations persist underground however cryptocurrency owning is not explicitly illegal many

01:43users continue to self-custody crypto acquired offshore through peer-to-peer means right so

01:49that in short trading or exchange operations are banned holding owning crypto is permitted privately

01:56education research and self-custody is what's encouraged for responsible awareness right so top

02:02regulated picks domestic so they are none obviously because there aren't any um uh exchanges operating there

02:09but obviously uh residents should avoid unlicensed trading services including otc brokers or unverified telegram

02:16wechat sellers such channels oppose extreme risks of fraud and arrest and capital seizure right so

02:23you've got global hong kong alternatives where mainland users cannot directly access cryptocurrency

02:29exchanges hong kong a special administrative region has developed a licensing a licensed crypto regime

02:36for retail and institutional traders under the securities and futures commission these platforms use a

02:42hash key exchange and osl which allows hong kong residents to legally buy and trade btc and eth

02:50under robust investor protection rules mainland chinese traders often follow development in hong kong closely

02:58and uh you know kind of uh looking at what's going on in the region fiat rails there are no legal fiat on

03:04and off-ramp uh in china obviously bank transfers of crypto card purchases related to crypto are not

03:11permitted and blocked payment providers like alipay wechat paying union do not support crypto transactions

03:18and converting crypto to rmb or vice versa is domestically not allowed so those who are seeking exposure to

03:24blockchain innovation non-custodial wireless decentralized tools uh are what they focusing on

03:30mainly right so you've got education privacy and self-custody you know really kind of uh really the

03:36thing to focus on here recommended the hardware wallets the non-custodial wallets like cool wallet pro

03:42argent exodus zango ledger garda i'll leave a link down below so you can see on our ecosystems tab we have

03:50all the curated the platforms for trading and investing also the wallets that you can use and also the trading

03:58tools and etc the research the guides fully uh kind of uh reviewed of all these platforms right so now um

04:07now you've got all these um no kyc global uh trading platforms which are operating which some people even

04:15in china use maybe they're using a vpn or something like that these don't really require uh id uh or you

04:22know um or kind of verification so people use platforms like k6 which is high liquidity derivatives

04:30deep cross chain support 200x leverage you can check out the link to k6 in the description you've got

04:36big unix platform which offers professional grade petrol futures at 100x you've got mexc which has over

04:431800 altcoins and zero maker fees you've got tabbit which is for copy trading and fast execution btcc which is

04:51a legacy exchange which has been around since 2011 you've got xt.com which is 800 plus pairs uh with

04:58three and staking all of that you've got blowfin which is good for institutional futures and

05:03perpetuals femix spot derivatives and programs magics beginner friendly margin trading you've got

05:10disk exchange which is decentralized trading for perpetuals and swaps you've got g trade

05:15gasless decentralized perpetuals which is a really great so i mean there's so many platforms out there

05:21that you know you can use as alternatives uh if you want to get started with trading but of course you

05:27always have to follow the rules within your own region this is no financial advice on this channel

05:32just covering what people all around the world including in china are doing when it comes to accessing

05:39crypto products and services so if you want to learn more make sure you go to decentralized news and check

05:44out the link down below peace

Best Crypto Exchanges in China (Mainland) 🇨🇳 - Legal Status, Safe Alternatives & No-KYC Options

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