A virtual currency exchange available in mainland China

Cryptocurrency trading is strictly prohibited in mainland China, but you can consider using overseas exchanges, over-the-counter (OTC), and peer-to-peer (P2P) trading platforms. When choosing an exchange you should pay attention to security, trading volume, fees and user experience. It is necessary to pay attention to the legal risks, financial security risks and volatility risks of trading virtual currencies in mainland China.

Virtual currency exchanges available in mainland China

Mainland policy prohibits trading of virtual currencies

According to the "Notice on Preventing Bitcoin Risks" jointly issued by the People's Bank of China and other ten ministries and commissions, mainland China prohibits Virtual currency trading. This means that operating any form of virtual currency exchange in the mainland is illegal.

Alternatives currently available

Although mainland China bans virtual currency trading, there are still some alternatives for virtual currency trading:

• Overseas exchanges: Binance, Huobi, OKEx and other exchanges allowed in China Mainland users open accounts and trade virtual currencies.ただし, これらの熩社は中文字幕国薶されていません.
• Over-the-Counter (OTC): Virtual currency transactions conducted directly between individuals or small groups. This method is risky and needs to be treated with caution.
• Peer-to-Peer (P2P) Trading Platforms: Platforms such as LocalBitcoins allow users to trade virtual currencies directly with each other without going through a centralized exchange.

Things to note when choosing an exchange

When choosing an overseas exchange, you should consider the following factors:

• Security: Whether the security measures of the exchange are reliable and whether they can effectively protect user assets.
• Trading Volume: The greater the trading volume on the exchange, the better the liquidity of the trading pair.
• Fees: Transaction fees and currency withdrawal fees charged by the exchange.
• User experience: Is the interface of the exchange friendly and the operation convenient?

Risk Warning

There are certain risks involved in virtual currency transactions in mainland China, including:

• Legal risks: Violating mainland laws may result in penalties.
• Fund security risk:Overseas exchanges are not subject to mainland supervision and may have potential fund security risks.
• Volatility Risk: Virtual currency prices fluctuate greatly, which may result in losses.

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