How we rate cryptocurrency platforms in Hong Kong | Finder HK

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Home Cryptocurrency Exchanges Advertiser disclosure Finder is committed to editorial independence.While we receive compensation when you click links to partners, they do not influence our content. How Finder rates crypto trading platforms Our full methodology explains how we analyse, score and rate crypto platforms on the features that matter most Navigate Cryptocurrency Getting Started What…

Home Cryptocurrency Exchanges Advertiser disclosure Finder is committed to editorial independence.While we receive compensation when you click links to partners, they do not influence our content.

How Finder rates crypto trading platforms Our full methodology explains how we analyse, score and rate crypto platforms on the features that matter most Navigate Cryptocurrency Getting Started

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BTC/HKD exchange rate To help navigate the complicated world of crypto, we’ve launched a comprehensive review of cryptocurrency exchanges available in Hong Kong.

Our goal is to recognise platforms that provide the best service for users in Hong Kong.

These awards are then used to inform our “Best for” selections across many of our cryptocurrency guides.

Quick take Finder’s cryptocurrency experts and data scientists crunched the numbers and scored global crypto trading platforms on a comprehensive list of 35 criteria across 33 platforms .

Awards are based on quantitative criteria which are weighted and scored for each category.

Award eligibility To be considered, platforms were required to be available to residents of Hong Kong.Platforms were not required to have registered with a local regulator.

How do we choose our award winners? Platforms were scored on a set of criteria chosen by Finder’s cryptocurrency experts and data analysts.

Criteria were based on publicly available data.

Does Finder compare all cryptocurrency exchanges? No.We perform due diligence on exchanges before listing them on our website.

As a result, we purposely choose not to compare some exchanges, as we consider these platforms unsuitable for various reasons.

Despite this, our list of exchanges accounts for the bulk of retail use in Hong Kong and represents the majority of popular and well-regarded providers.

The Finder editorial team’s ratings Cryptocurrency exchange platforms are not created equal.To help you identify where an exchange shines – or falls flat – Finder’s editors objectively assess each platform across a spectrum of performance metrics.

Finder considers 7 key factors in our ratings to get an overall score:

Supported cryptocurrencies Fees and costs Transferring money or crypto assets Customer service Ease of use Staking and earning Trustworthiness and security Our ratings are designed to help you assess a cryptocurrency exchange’s strengths and weaknesses.The best way to inform your decision is to read Finder’s full platform review for an in-depth breakdown of its features.

Our ratings Finder rates crypto platforms using a system of 1 to 5 stars.

– Excellent – Good – Average – Subpar – Poor How Finder rates supported cryptocurrencies One of the most important aspects to consider when choosing a cryptocurrency exchange is its supported crypto coins and tokens.Exchanges with wider selections of cryptocurrencies are given higher ratings than those with only a few offerings.

However, special consideration is given to exchanges that have fewer offerings but are strong in their support for them.How Finder rates fees and costs Finder rates fees and costs for crypto exchanges based on two factors: their deposit and withdrawal fees for both fiat and crypto assets, and their trading fees.Exchanges with high deposit and withdrawal fees for both crypto and fiat are given lower ratings than those that have lower fees or even cover fees for users.Exchanges with high trading fees or big price spreads on trades are penalised while those with low percentage fees and tiers are rated higher.How Finder rates transferring fiat and crypto assets Another important factor when choosing a cryptocurrency exchange are the speeds and fees for transferring fiat and crypto assets to it.

Exchanges with quick withdrawal and deposit speeds combined with low or no fees are given higher ratings.Those with long wait times, the inability to withdraw certain assets altogether and deposit fees for crypto are given lower ratings.How Finder rates customer service The number of newcomers to crypto means that it is imperative that exchanges have good customer service.Finder evaluates a platform’s customer service based on a few factors.

The types of customer services available (live chat, email support tickets, call centre), timeliness of response and the helpfulness of the support are all factored in.How Finder rates ease of use User experience on crypto exchanges is critical.Finder rates exchanges on their ease of use across a number of components.User interface (UI), onboarding experience, Know Your Customer (KYC) processes, trading interface and overall feel of the exchange are all considered.How Finder rates staking and earning The ability to put crypto assets to work earning interest is one of the biggest draws of the sector.

Finder rates the staking and earning of crypto exchanges based on whether they have it at all.Then, the options they have available, the rates and the term periods are all combined to create an overall staking and earning rating.How Finder rates trustworthiness and security The prevalence of scams and hacks in the cryptocurrency sector means picking an exchange that is trustworthy and secure.

Finder assesses the exchange’s history of hacks (if any), their responses to those incidents, whether they have undergone security audits and their insurance funds to generate a rating.Overall rating To generate Finder’s overall rating for a crypto exchange, each category is added together and then averaged out.Some extra weight is given to the fees and security sections as they contribute to overall profitability when using a platform.The average or rating is rounded to the closest star, meaning if 4.6 it will be 5-star, 4.4 is 4-star..

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