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Hashkey Crypto Exchange Review: Features & Pros & Cons For 2024

Hashkey Crypto Exchange Review: Features & Pros & Cons For 2024

In this article, I will discuss Hashkey Crypto Exchange as one of the prominent players in digital asset trading.

Its main security features, user interface accessibility, and a broad array of supported cryptocurrencies are some of the reasons why Hashkey Crypto Exchange has been recognized.

With advanced technologies and strict adherence to regulations, Hashkey provides a dependable trading platform for both beginners and experts.

This article will highlight the key features, benefits, and peculiarities of Hashkey Crypto Exchange that make it stand out among other cryptocurrency exchanges.

Introduction

Hong Kong’s first licensed retail virtual asset exchange. Trading Made Safe and Simple.

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 a Type 1 (Dealing in securities) license and Type 7 (Providing automated trading services) license.

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

Hashkey Key Points

Key PointsFeatures
SecurityAdvanced security measures, including multi-factor authentication and cold storage for assets.
User-FriendlyA responsive customer support team can address queries and resolve issues promptly.
CryptocurrencySupports a wide range of cryptocurrencies, offering ample trading options for users.
ComplianceAdheres to stringent regulatory standards, ensuring legal compliance and user protection.
LiquidityHigh liquidity across various trading pairs, facilitating smooth and efficient trading experiences.
SupportWe leverage cutting-edge technologies to enhance performance, security, and user experience.
TechnologyA responsive customer support team can address queries and resolve issues promptly.
InnovationCommitment to transparency, providing users access to comprehensive data and information regarding trading activities and fees.
TransparencyA responsive customer support team can address queries and resolve issues promptly.
CommunityActive community engagement fosters a collaborative environment and provides valuable insights and support to users.

How To Use Hashkey Exchange – Step By Step Guide

How to Sign Up:

How To Use Hashkey Exchange - Step By Step Guide

Start the process by registering with your HashKey Exchange account. Go to the official site and click “Sign Up” or “Register.” Fill in all fields provided, including your email address, password, and other details as prompted.

Account Verification

After signing up, you may need to verify your email address and other required identity verifications that HashKey Exchange might require.

This usually involves providing personal information and supporting documents to meet regulatory requirements.

Deposit Funds

Once your account is verified, you can deposit funds. Click on ‘deposit’ or ‘funds,’ select the cryptocurrency or fiat currency you want to use for depositing and follow the instructions.

Trading Pairs Exploration

On this platform, there are several trading pairs where you can trade different cryptocurrencies against each other or traditional money, such as USD. Look at available trading pairs to see which ones appeal to you.

Order Placement

To place a trade, go to trading on the platform menu and select a trading pair of interests.

Decide whether you want to buy or sell the chosen cryptocurrency, enter what amount you wish to trade, and then indicate additional parameters such as type of order and price.

Trade Monitoring

Before making an order, one can track its status in real time while looking at how one’s trades perform.

The Hashkey exchange offers detailed charts, order books, and trade history so that informed decisions can be made during a trade.

Withdrawal of Funds

When making trades or deciding when one wants their money withdrawn from Hashkey Exchange, upon choosing the “withdraw” or “funds” option, follow instructions on how to facilitate the withdrawal process, indicating the currency choice meant for withdrawal.

Safety Measures

Utilize safety solutions provided by Hashkey Exchange, like 2-factor authentication (2FA), while keeping your account login details safe, among others.

It would be best if you also learned about security policies plus best practices indicated by the platform to secure your assets.

You can confidently trade cryptocurrencies on the platform by following these steps and understanding Hashkey Exchange’s features and functionalities.

How To Deposit FIAT At Hashkey Crypto Exchange – Step By Step Guide?

Sure, here is a detailed step-by-step guide to help you deposit fiat currency at Hashkey Crypto Exchange:

Login: Begin by accessing your Hashkey Crypto Exchange account using your login details.

Proceed to Deposit: After logging in, go to the “Deposit” or “Funds” section of the platform. This area can usually be found at the top menu or sidebar of the exchange interface.

Choose Fiat Currency: Go into the deposit section after identifying the currency you want to deposit into your account. Depending on its offerings, USD, EUR, and others are some examples that Hashkey Crypto Exchange supports among other different fiat currencies.

Select Deposit Method: Hashkey Crypto Exchange offers ways to deposit fiat currency, such as bank transfers, credit/debit cards, or other payment processors. Choose what suits you best.

Specify Deposit Amount: Indicate how much fiat money should be deposited into your Hashkey Crypto Exchange account. You should consider any minimum or maximum deposit limits set by this exchange.

Follow Instructions: Sometimes, depending on the chosen method of depositing funds, you might have to follow specific instructions given by Hashkey Crypto Exchange, like initiating the transfer from your bank’s online banking portal relying upon provided banking details forwarded by this firm in case you are using a bank transfer for making a deposit.

Initiate Deposit: Once you have filled out the amount and followed appropriate instructions for the selected method of deposit, proceed with initiating this transaction, e.g., confirming transactions on your bank’s website or authorizing payments through a payment processor.

Wait for Confirmation: After following the steps above, initiate a waiting period for processing until the confirmed transaction has been processed.

However, the time required for processing may vary depending on certain factors, such as the type of payment method used and policies maintained within banks/payment processors employed.

Check Account Balance: After confirming and processing the deposit, the fiat currency should be reflected in your Hashkey Crypto Exchange account balance. You can check your account balance using the exchange user interface.

Start Trading: Now that you have successfully put your fiat into the Hashkey Crypto Exchange account, you are ready to go with trading cryptocurrencies. Navigate to the trading section on this platform, select a trading pair you want, and trade as required.

Following these steps, you can effectively deposit fiat currency into your Hashkey Crypto Exchange account and begin trading cryptocurrencies on the platform.

How To Deposit Cryptocurrency Into Your Hashkey Account?

Depositing your Hashkey Crypto Exchange account with cryptocurrency is straightforward. Below is your step-by-step guide:

Start Log In Begin by logging into your Hashkey Crypto Exchange account using the login details.

Deposit Navigation: Go to “Deposit” or “Funds” on the platform after logging in. This part is often located under the top menu or at the exchange interface sidebar.

Choose Fiat Currency: The deposits section contains a list of supported currencies. Select the cryptocurrency you want to deposit into the account. This depends on what Hashkey Crypto Exchange offers; these include USD and EUR, among others.

Deposited Method Selection: Hashkey Crypto Exchange offers bank transfers, credit/debit cards, and other payment processors for depositing fiat currency. Choose whatever method suits you best.

Insert Deposit Amount: State how much cryptocurrency money should be deposited into your Hashkey Crypto Exchange Account. Remember any minimum and maximum deposit limits set by HAZY.

Follow Guidelines: When choosing this method, you may need to follow specific instructions from Hashkey Crypto Exchange.

Initiate Deposit: You can initiate a deposit transaction after entering your desired deposit amount and following instructions for the chosen mode of payment.

Please wait for the Confirmation Process. Once you have initiated the deposit, please wait until it’s processed and confirmed. The processing time may vary depending on each deposit method and bank and payment processor policies.

Check Account Balance After confirmation and processing, cryptocurrency shall appear in your account balance (in my case using my wallet). You should check this figure in the exchange interface to confirm that.

Trade Starting: Now, you can trade digital assets with the cryptocurrency you deposited on the Hashkey Crypto Exchange after depositing. Get to the trading section of the platform, select a pair you wish to trade on and make trades as per your requirements.

In this way, one can deposit cryptocurrency successfully into their Hashkey Crypto Exchange account and be able to start trading cryptocurrencies within the platform.

How To Withdraw FIAT At Hashkey?

When you take out fiat money from your Hashkey account, the process is similar to when you deposit. This is a step-by-step guide on how you can withdraw fiat money from your Hashkey account:

Log In: Begin by logging into your Hashkey account with your password.

Navigate to Withdraw: Upon signing in, go to the “Withdraw” or “Funds” section in the exchange interface’s top menu or sidebar.

Select Fiat Currency: Choose which fiat currency is among those supported by Hashkey (e.g., USD, EUR) that you wish to withdraw.

Choose Withdrawal Method: For fiat money withdrawal, Hackney offers several withdrawal options, such as bank transfers, debit/credit cards, and other payment devices. Select the best option that meets your needs.

Enter Withdrawal Details: Depending on the method of withdrawal you have chosen, specific details, such as a bank account number for bank transfer or card details for credit/debit card withdrawals, may be required. Follow Haskey’s instructions and fill in the details correctly.

Specify Withdrawal Amount: Enter the matter-of-fact currency you want to remove from your hash key account. Take note of any minimum or maximum withdrawal limits imposed by the exchange.

Review Withdrawal Details: Before proceeding with the withdrawal transaction, ensure all withdrawal details are accurate and match what was submitted per each request. This will prevent any mistakes and processing delays.

Confirm Withdrawal: After reviewing all withdrawal confirmations in the system, the user clicks the confirmation button. In some cases, depending on the chosen withdrawal method, the user will be requested to authenticate a cross-draw through additional security measures such as two-factor authentication (2FA).

Wait for Processing: Once a request has been confirmed, one should wait until Hashkey processes this application. This processing period usually depends on many factors, including selected removal methods and internal procedures within Hasekay.

Check Withdrawal Status: You can view your withdrawal request status in your Hashkey account’s withdrawal section. When processed, it should read “Completed,” meaning money has already ceased to be in Hasky’s account.

Verify Receipt: After completing the withdrawal, check whether your bank or payment method received the fiat currency. You may receive an email from Hashkey or your bank/payment processor to confirm whether you have been credited.

Users can withdraw fiat money from their Hashkey accounts using any available withdrawal method.

How To Withdraw Cryptocurrency At Hashkey?

Cryptocurrency withdrawal from a Hashkey account is usually straightforward. Here’s how to withdraw cryptocurrency step by step.

Log In: Log into your Hashkey account using the details you provided during sign-up.

Navigate to Withdraw: Once logged in, search for the “Withdraw” or “Funds” section of the platform. This area is typically accessible from the top menu or a sidebar on the exchange interface.

Select Cryptocurrency: In the withdrawal section, select which cryptocurrency you want to take from your Hashkey account. Hashkey supports cryptocurrencies, including popular ones like Bitcoin (BTC) and Ethereum (ETH).

Enter Withdrawal Address: Provide an external wallet address where you want to withdraw the cryptocurrency. Ensure it is correctly entered, as sending money to the wrong address cannot be reversed, and you will lose all those funds.

Specify Withdrawal Amount: Describe how much digital currency should be removed from the Hashkey account. You should check whether there are any limits on minimum and maximum values that this exchange has set.

Review Withdrawal Details: Before finalizing the withdrawal, look through all its details, such as the topicality of its address and amount. Ensure that nothing is mistaken; no delay would happen because of inaccuracies.

Confirm Withdrawal: When you’re done reviewing and confirming all withdrawal details, confirm this withdrawal request. Depending on how secure your Hashkey account settings are, you may require additional security steps to authorize this withdrawal, mainly if it entails 2FA (two-factor authentication).

Wait for Processing: After confirming your Hashkey withdrawal request, wait for it to be processed. The processing time will depend on network congestion and internal processes at Hashkey.

Check Withdrawal Status: Check if your withdrawal request has been cleared in this particular section in your Dash Key Account Settings. Once it has completed this process successfully, its status should change to ‘completed’ to show that it’s been done from your Hashkey account.

Verify Receipt: After the withdrawal, you can confirm that the cryptocurrency has safely been transferred to your external wallet. Once the withdrawal has gone through, you may receive a transaction ID or confirmation email from Dash Key.

Following these steps, you can effectively withdraw cryptocurrency from your Hashkey account and send it to an external wallet. Remember to carefully check all withdrawal details to ensure safety and error-free transactions.

Exchange Fees

Withdrawal fees are dynamic and determined by blockchain network conditions.

Hashkey Exchange will periodically adjust the Withdrawal fee based on an estimate of the network transaction fees. In extreme on-chain network conditions, the platform may make ad hoc adjustments.

*VIP Program and Fees is effective at 14:00 on December 28, 2023 (UTC+8).

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Due to the time lag between system and webpage updates, please check the most updated fee listed on each withdrawal page.

. Deposit Fee

AssetMinimum depositDeposit Fee
USD0.01 USDWaived
HKD0.01 HKD
BTC0.005 BTC
ETH0.05 ETH
USDT (ERC20)10 USDT
USDC (ERC20)10 USDC
SPiCE1 SPiCE
AVAX1 AVAX
UNI3 UNI
LINK2 LINK
LDO5 LDO
ATOM1 ATOM
AAVE0.1 AAVE

How to Secure Your Hashkey Exchange?

To secure your hash key exchange, you should institute strict processes to assure cryptographic keys’ privacy, secrecy, and integrity. Here are some comprehensive steps for securing your hash key exchange:

  1. Applying Powerful Cryptographic Algorithms

Adopting Industry-accepted Algorithms: For symmetric encryption, use established algorithms like AES (Advanced Encryption Standard), RSA (Rivest-Shamir-Adleman) or ECC (Elliptic Curve Cryptography) for asymmetric encryption, and SHA-256 or SHA-3 for hashing.

Update Algorithms Frequently: Ensure not to be left behind with new cryptographic research and migrate to more robust algorithms where necessary.

  1. Securing Key Generation

Use a Trustworthy Source of Entropy: The random number generator (RNG) employed in generating keys should be cryptographically strong. Hardware-based RNGs are usually more secure than software-based ones.

Hardware Security Modules (HSMs): These devices are tamper-resistant and provide high security. HSMs can be used for key generation, storage, and management.

  1. Key Management Practices

Key Storage: Do not store keys in plain text or easily accessible files; instead, use HSMs, TPMs, or secure enclaves.

Key Rotation: Develop policies for regular key rotation so that a compromised one has minimal impact on the system; define how to retire or replace keys.

Access Control: Restrict access to cryptographic keys to only those persons or systems who require it; RBAC plus MFA will help you enforce this.

  1. Safeguard Communication Channels

Transport Layer Security (TLS): When transmitting, use the TLS protocol to protect the keys; ensure that you use the most robust cypher suites and the latest version of TLS.

End-to-end encryption—Implement end-to-end encryption so that keys are encrypted throughout their entire lifecycle, i.e., from generation through exchange to storage at rest state.

  1. Authentication and Authorization

Digital signatures—Use digital signatures to Verify the authenticity of keys during exchange. This means the keys are not tampered with and come from a trusted source.

Public Key Infrastructure (PKI) – Implement a robust PKI system for managing public key certificates, including CAs and RAs.

  1. Monitoring and Auditing

Log Key Usage: Keep detailed logs of essential generation, use, and access; ensure they are secure and tamper-proof.

Regular audits: Regularly conduct security audits to ascertain that crucial management practices are intact and identify potential vulnerabilities, if any

  1. Incident Response

Compromise Protocols include critical revocation, re-issuance, and communication with affected parties.

Backup and Recovery: Ensure a secure backup of the keys and mechanisms to recover them in case of data loss.

  1. User Education and Training

Security Awareness: Train employees and stakeholders on cryptographic security importance & how to handle keys better.

Phishing Prevention: Educate users about phishing risks and social engineering attacks leading to crucial compromise.

  1. Regulatory Compliance

Follow Legal Requirements—Ensure your critical management practices meet relevant regulations, such as GDPR, HIPAA, PCI DSS, etc.

  1. Emerging Technologies

Quantum Resistance—Be aware of quantum computing developments in the cryptography field; plan to transition to post-quantum resistant algorithms when needed.

Here’s a table listing the availability of the provided cryptocurrencies on Hashkey:

No.CryptocurrencySymbol
1BitcoinBTC
2EthereumETH
3TetherUSDT
4USD CoinUSDC
5AvalancheAVAX
6PolygonMATIC
7Render TokenRNDR
8ChainlinkLINK
9UniswapUNI
10Lido DAOLDO
11AaveAAVE
12MakerMKR
13CompoundCOMP
14dYdXDYDX
15CosmosATOM
16PolkadotDOT
17SynthetixSNX
18OptimismOP
19LitecoinLTC
20ArbitrumARB
21DogecoinDOGE
22Merlin ChainMERL
23SolanaSOL
24Binance CoinBNB
25XRPXRP
26CardanoADA
27StellarXLM
28VeChainVET
29FilecoinFIL
30AlgorandALGO
31TezosXTZ
32ThetaTHETA
33ElrondEGLD
34HederaHBAR
35ZcashZEC
36TronTRX
37IOTAMIOTA
38EOSEOS
39NEONEO
40DashDASH
41MoneroXMR
42WavesWAVES
43OntologyONT
44QtumQTUM
45Bitcoin CashBCH
46Ethereum ClassicETC
47DecredDCR
48BitTorrentBTT
49ChilizCHZ
50Enjin CoinENJ

Exchange Features

Compliant with Regulations

We strictly adhere to regulatory requirements and provide compliant digital asset trading services to safeguard user assets.

Managed Security

Client funds are held in segregated accounts, separated from operations, and protected by institutional custody grade insurance.

Authoritative Auditing

Codes and operational data undergo rigorous audits by the world’s top four auditing firms, ensuring security.

Licensing

HashKey is a licensed digital asset exchange under the Bermuda Monetary Authority, ensuring regulatory compliance and high standards of security and operational integrity​ (HashKey Global)​​ (Cointelegraph)​.

Trading Engine

The exchange utilizes the Hex Engine, a high-performance trading system that processes up to 5,000 transactions per second, ensuring fast and reliable trade execution​ (Cointelegraph)​.

Platform Accessibility

The platform is designed to be intuitive and accessible, catering to both novice and experienced traders with easy-to-use interfaces and robust trading tools.

Mobile and Web Access

Users can access the exchange via web browsers or mobile apps, ensuring flexibility and convenience in managing their portfolios.

My Customer Support Experience

My customer support experience with HashKey Exchange was exceptional, described as fast and professional service. From the moment I reached out, the support team thoroughly understood my concerns and provided clear and detailed responses.

My Customer Support Experience

The 24/7 availability ensured that my queries were promptly addressed, regardless of the time.

The multi-channel support, including email and live chat, allowed for flexible and convenient communication.

Moreover, the representatives were knowledgeable about technical issues and general inquiries, ensuring a seamless resolution process. This level of service resolved my problems efficiently and instilled confidence in the platform’s reliability and customer-centric approach.

Trade On Go With Hashkey Android & IOS Mobile App

HashKey’s Android and iOS mobile apps allow trading on the go, making it smooth and efficient for cryptocurrency enthusiasts.

Their user-friendly interface allows even beginner traders to navigate and execute trades quickly.

Trade On Go With Hashkey Android & IOS Mobile App

It offers up-to-date market data so users can be informed of the latest price changes and market trends, enabling them to decide based on these.

The applications mentioned above also offer support for various digital currencies and tradable pairs, allowing flexibility in trading options.

Maintaining security features like encrypted transactions and multi-factor authentication guarantees the safety of users’ funds and personal information.

They have also included advanced trading tools, including analysis software, to help users optimize their trading strategies.

Whether at home or moving around, HashKey’s mobile applications enable you to manage your investments and trade digital assets confidently and conveniently.

Earn Without Investment With Hashkey Refer & Earn Program

The Refer & Earn Program of HashKey has a unique offer in which one earns rewards without spending any money when starting.

Users can generate income by referring new users to the HashKey Exchange platform from where they earn their incomes. Here is how it works:

Sign Up and Get a Referral Link: Existing users can log into their HashKey account and access a personalized referral link, which they can share with friends, family, and their network.

Invite New Users: Once your friends sign up through your reference link and complete the necessary registration and verification processes, they are considered your referral.

Earn Rewards: You receive commissions when your referrals trade on the HashKey Exchange. Typically, reward structures are tiered so that higher earnings are made from more active referrals.

Real-Time Tracking: You have access to a real-time dashboard provided by HashKey, where you can monitor activities within your referrals and record your earnings simultaneously.

Withdraw or Trade: Refer & Earn Program rewards may mostly be withdrawn into wallets or used for trading on this platform, providing an avenue for flexible use of earnings.

Not only does this program incentivize customers to spread the word about the exchange, but it also allows them to create an extra source of passive income by using their social networks. The main attraction of this program is that it doesn’t require any financial investment,

thus making it highly lucrative for those who would like to earn cryptocurrencies without having direct monetary obligations towards them (Cointelegraph)​​ (HashKey Global).

Hashkey Alternative Exchanges

Binance: Binance is one of the largest and most popular cryptocurrency exchanges globally, offering a wide range of cryptocurrencies and trading pairs.

Coinbase: Coinbase is a leading cryptocurrency exchange known for its user-friendly interface and robust regulatory compliance.

Kraken: Kraken is a well-established exchange with a reputation for security and a wide range of cryptocurrencies.

Huobi Global: Huobi is a significant cryptocurrency exchange offering many digital assets.

Final Verdict

In conclusion, Hashkey Exchange is testimony to the growth and possibilities available in cryptocurrency trading.

The platform’s primary focus is on the security of the user’s funds, user experience, and innovation, which has made it gain the trust of its stakeholders and become one of the leading exchanges for many traders worldwide.

Hashkey Exchange allows smooth transactions through efficient technological infrastructure and solid regulations, leading to a knowledgeable and confident investor base.

As digital currencies become more widely accepted and established, Hashkey Exchange continues to pioneer this transformation as a digital asset marketplace pioneer.

Nick Jonesh Is a writer with 12+ years of experience in the cryptocurrency and financial sectors. He writes for the coinroop on the same topic of cryptocurrency, including technical stuff for IT folks and practical guides about everything else for the real world. Nick's clear writing is a direct response to the new, crypto financial landscape.