HashKey Exchange Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

An exchange for cryptocurrency is platform that allows individuals and businesses can buy, sell and trade cryptocurrency. They function as intermediaries to facilitate the exchange of cryptocurrencies with other fiat currencies, such as those of the US Dollar, Euro, or Japanese Yen.

Users can deposit the cryptocurrencies or fiat money of their choice into exchange accounts to use for trading purposes.

Once accounts have been funded, users can begin trading. Market orders (buy or sell at current market price) or limit orders (set a specific price at which they wish to buy or sell) can be placed using an exchange’s order matching system which pairs buy and sell orders based on price and time; when one buy order matches another sell order a trade is executed and assets exchanged accordingly.

Exchanges provide traders with an order book – a real-time list of buy and sell orders on the platform – that allows them to gauge supply and demand of specific cryptocurrencies and make informed decisions. Exchanges also offer digital wallets for users to store their cryptocurrencies safely; however, for optimal security it’s recommended that users transfer them out into personal wallets that offer better protection measures.

What Is HashKey Exchange Crypto Exchange ?

On a mission to set the bar for virtual asset exchanges in compliance, safety, and security, Hash Blockchain Limited (HashKey Exchange) is Hong Kong’s first licensed virtual asset exchange for retail users. HashKey Exchange has recently received approval from the Securities and Futures Commission (SFC) of Hong Kong to operate a virtual asset trading platform under Type 1 (Dealing in securities)

licence and Type 7 (Providing automated trading services) licence. As HashKey Group’s flagship business, HashKey Exchange provides all-in-one trading services for both professional investors (PI) and retail investors. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications.

HashKey Exchange Crypto Exchange Quick Facts

How To Register At HashKey Exchange Exchange?

To register on HashKey , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

HashKey Exchange Supported Countries

HashKey Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on HashKey Exchange.

How To Verify Your HashKey Exchange Cryptocurrency Account ?

There is no mandatory verification at HashKey Exchange , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the HashKey Exchange, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At HashKey Exchange Crypto Exchange?

There are two main options for topping up your balance on HashKey Exchange. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From HashKey Exchange Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your HashKey Exchange Account ?

There are several steps you can take to help secure your HashKey Exchange account and protect your funds:

1. Use a Strong and Unique Password : Create a password using uppercase letters, lowercase letters, numbers and special characters – such as uppercase and lowercase letters in uppercase or lowercase font – as well as special characters to make it difficult for someone else to guess it easily like birthdates or common words that may easily give away your identity. Make sure your passwords do not overlap across accounts.
2. Add Two-Factor Authentication (2FA): Two-factor authentication adds an extra layer of protection by requiring two pieces of information – typically an authentication code sent directly to your phone, or generated through an app – alongside your password for increased protection against unauthorised access. This helps reduce risk and increase safety.
3. Assemble a Secure Email Account: Make sure the email account associated with your HashKey Exchange account is safe by creating strong passwords and considering 2FA. As password reset requests typically use email as the mechanism for doing so, having an unprotected email could compromise both accounts simultaneously.
4. Be Wary of Phishing Attempts: Its Stay wary of emails, messages, or websites which attempt to trick you into divulging login credentials or sensitive data. Before clicking any links provided in these messages or emails, always double-check their legitimacy with other sources before doing so.
5. Regularly Revamp Your Password: Change your HashKey Exchange password on an ongoing basis to reduce the risk of someone gaining unauthorized access and prevent potential security breaches. By regularly revising it, updating can also provide peace of mind that may reduce future security incidents.
6. Consider Hardware Wallets for Storing Cryptocurrencies: To safeguard large sums of cryptocurrencies safely against online threats, hardware wallets provide an ideal solution. They act as physical storage units which hold your private keys offline to provide maximum protection.
7. Keep an Eye on Your Account Activity: Review transaction history on an ongoing basis to keep an eye on any suspicious or unauthorized transactions in your account and take immediate steps by reaching out to customer support if any arise.
8. Make Sure Your Devices Are Protected: Make sure the devices you use to access your HashKey Exchange account are protected by using up-to-date antivirus software, keeping your operating system and applications patched, and not accessing from public or unsecured networks.
9. By taking these steps, you can help protect your HashKey account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

1. Trading Fee

2. Custody Fee*

*Custody fee is wavied during initial launch for a limited time.

3. Deposit Fee

4. Withdrawal fee

Trade On Go HashKey Is 100% Mobile Friendly

HashKey exchange offers both iOS and Android users access to its services – including purchasing or selling cryptocurrency, managing accounts and tracking trading activities on-the-go. The HashKey app enables them to easily use HashKey’s services such as buying/selling crypto assets, managing accounts and keeping track of trading activity on-the-go.

The mobile app features a user-friendly interface designed for mobile devices, making it simple and straightforward for anyone to navigate and use. Furthermore, real-time price charts, order books, and trading histories allow users to stay current with market trends while making informed trading decisions.

To download and install HashKey mobile, visit either the App Store or Google Play Store on your device and search for “HashKey”. Once downloaded and installed, log into your HashKey account and start using its services on mobile.

How To Contact HashKey Customer Support Team?

If you need help with your HashKey account or have any questions, you can contact HashKey customer support through the following methods:

Visit HashKey Group’s Official Website: Navigating directly to HashKey Group’s official website will allow you to locate its “Contact” or “Support” section – typically found either in the main navigation menu or near the bottom.

Email: To contact customer support inquiries, first check if there is an email address provided for them. Compose and send an email outlining your inquiry or issue to this email address and attach any files or evidence that might help the case.

Phone: Search for and call customer support by phone if available; then, speak directly with a representative and provide details regarding your issue or question. Be prepared to share specifics.

Live Chat Support: Many companies provide live chat support on their websites. Look out for an icon or link that can connect you directly with an agent in real-time – this may provide fast answers!

Social Media: Verify whether HashKey maintains official social media profiles (such as Twitter, Facebook or LinkedIn). Many companies offer customer service on these platforms as well.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that HashKey customer support can assist you efficiently.

Features Of HashKey Crypto Exchange

Compliant with Regulations

Licensed by the Securities and Futures Commission of Hong Kong (“SFC”) with Type 1 (Dealing in securities) licence & Type 7 (Providing automated trading services) licence. TCSP-licensed (Certification No. TC006486)

Trade Crypto with Fiat

Transfer USD/HKD directly from bank account to the HashKey Exchange fiat wallet. Currently accepts bank（Authorized Institutions) transfers from major countries globally USD/HKD and virtual asset trading pairs are available

Managed Security

Client funds are held in segregated accounts, separated from HashKey Exchange’s operations, and protected by institutional custody grade insurance ISO 27001 (Information Security) & ISO 27701 (Data Privacy) certified

User-Friendly Interface

An intuitive and user-friendly interface makes it easier for users to place trades, view charts and manage their accounts.

Liquidity

High liquidity ensures that users can execute trades without experiencing significant price slippage.

Order Types

With various order types such as market orders, limit orders and stop orders available to users, they are able to execute trades according to their preferred strategy.

Charting Tools

For traders to accurately assess price trends and make informed decisions, having detailed price charts with technical analysis tools at their disposal is of utmost importance.

Mobile App

Mobile apps allow users the freedom to trade and manage their accounts on-the-go.

HashKey Good Or Bad Points

HashKey is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using HashKey :

Good points:

1. Innovation : HashKey Group operates in the cutting-edge sector of blockchain technology and digital assets, which have the potential to change a variety of industries such as finance, supply chain management, and others.
2. Diversification: HashKey’s participation in digital assets allows investors and consumers to diversify their portfolios beyond traditional assets such as stocks and bonds.
3. Financial Inclusion: Blockchain technology has the potential to bring financial services to unbanked or underbanked communities, hence increasing financial inclusion.
4. Efficiency: Blockchain technology has the ability to reduce intermediaries and automate tasks, thus resulting to cost savings and increased efficiency.
5. Transparency and security: The immutable and transparent characteristics of blockchain can improve security and accountability in transactions and data management.

Bad points:

1. Volatility: Cryptocurrencies, for example, are known for their extraordinary price volatility, which can result in huge financial losses for investors.
2. Uncertainty in the Regulatory framework: The regulatory framework for digital assets is still emerging in many places. Companies working in this arena may face legal and compliance issues as a result of this uncertainty.
3. Inadequate awareness: The concepts underlying blockchain and digital assets can be difficult, resulting in a lack of awareness among the general public and potential investors.
4. Market Manipulation: Because some digital asset markets are still relatively new and unregulated, they are vulnerable to market manipulation and fraudulent schemes.
5. Environmental Impact: The energy consumption and environmental impact of some blockchain networks, particularly those that use proof-of-work consensus processes, have been criticized.

Is HashKey Is Safe Platform To Trade ?

Examine whether the platform is regulated and licensed by the relevant financial authorities in the jurisdictions in which it operates. Regulatory control can provide some assurance regarding the legitimacy of the site.

Examine the platform’s security features, such as cold storage for funds, two-factor authentication (2FA), withdrawal whitelist settings, and frequent security audits. These safeguards can assist in protecting your assets from attacks and breaches.

Look for HashKey Pro user reviews and experiences online. This can provide insight into how pleased users are with the platform’s features, security, and customer support. A dependable and responsive customer support crew is essential. Before you begin trading, test their attentiveness with any inquiries you may have.

In summary, HashKey has taken several measures to enhance security, but it’s still important to be cautious and do your due diligence before trading on any platform.

HashKey Conclusion

Finally, HashKey Blockchain Limited, doing business as HashKey Exchange, is a pioneering virtual asset exchange in Hong Kong. The company has secured important licenses from the Securities and Futures Commission (SFC) to operate as a virtual asset trading platform, with a heavy emphasis on compliance, safety, and security. Type 1 licenses are for dealing in securities, while Type 7 licenses are for offering automated trading services.

HashKey Exchange, as a subsidiary of HashKey Group, plays a critical role in providing complete trading services geared to both professional and retail investors. This drive to supporting a diverse range of clients demonstrates their commitment to diversity and accessibility in the virtual asset ecosystem.

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