Introduction
For Chinese users seeking reliable Bitcoin trading platforms, three major exchanges stand out for their low fees, user-friendly Chinese interfaces, and robust trading systems supporting RMB transactions: HTX (formerly Huobi), Binance, and OKX. This review analyzes these platforms across six critical dimensions to help you make informed decisions.
1. Platform Overviews
Binance
Binance dominates global crypto trading volumes, supporting over 150 cryptocurrencies. Key features:
- Low trading fees (0.02%–0.1% for spot trading)
- BNB token discounts reduce fees further
- Advanced security: Multi-tier verification and withdrawal whitelisting
👉 Explore Binance’s trading pairs
OKX
OKX excels in derivatives and DeFi integration:
- Lowest fees among competitors (0.01%–0.09%)
- Strong liquidity for RMB/stablecoin pairs
- Innovative products: Options, perpetual swaps, and liquidity mining
HTX
HTX (rebranded from Huobi) offers:
- Localized RMB support via Alipay/WeChat Pay
- Legacy reputation but higher fees (0.07%–0.2%)
- Occasional downtime during market volatility
2. Local Usability Comparison
| Feature | HTX | Binance | OKX |
|---|---|---|---|
| Chinese UI | ✅ | ✅ | ✅ |
| RMB Payment Options | ✅ | ✅ | ✅ |
| Domestic Access | Via mirror sites | Via mirror sites | Direct |
3. Trading Tools & Features
| Platform | Key Offerings |
|---|---|
| HTX | OTC trading, mining pools, leveraged tokens |
| Binance | Visa card, institutional portal, BNB ecosystem |
| OKX | Jumpstart launches, DeFi staking products |
4. Security Measures
- All platforms employ cold wallets, 2FA, and login alerts
- Binance leads in stability during high-volume periods
- OKX implements mandatory withdrawal passwords
5. Fee Structures
| Fee Type | HTX | Binance | OKX |
|---|---|---|---|
| Spot Trading | 0.07% | 0.02% | 0.01% |
| Futures (Maker/Taker) | 0.02%/0.04% | 0.02%/0.04% | 0.02%/0.05% |
Binance offers 25% discount when paying with BNB
6. Final Recommendations
- For beginners: OKX’s straightforward RMB onboarding
- For active traders: Binance’s liquidity and fee advantages
- For derivatives: OKX’s contract diversity
FAQ Section
Q: Which exchange has the lowest withdrawal fees?
A: Binance and OKX offer competitive rates, varying by cryptocurrency.
Q: Are these platforms legal in China?
A: While crypto trading isn’t prohibited, exchanges operate offshore to comply with regulations.
Q: How do I verify my account?
A: All three require KYC documentation (ID, proof of address).
Q: Which platform is best for altcoin trading?
A: Binance lists the most altcoins with deep liquidity.
Q: Can I use these exchanges without VPN?
A: OKX’s main domain is accessible directly; others may require mirror sites.
Disclaimer: Cryptocurrency trading involves risk. This content doesn’t constitute financial advice.