What are the legal virtual currency platforms in China?
- Binance
Binance is a leading international blockchain digital asset trading platform that offers a wide range of services globally, including digital currency trading, blockchain education, blockchain project incubation, blockchain asset issuance platforms, blockchain research institutes, and blockchain charity services. Currently, it serves users in over 190 countries and regions worldwide.
Features of the Binance platform
The Binance platform has numerous features that make it the top-ranked digital currency exchange globally.
OKX APP is one of the three major exchanges worldwide, with a 20% reduction in trading fees for registration!
OKX (overseas) registration link: https://www.okx.com/join/97763692
OKX/Binance/Huobi - Register/Download: http://18907.cc
Binance (Binance) domestic registration: https://www.binance.com/zh-CN/join?ref=565010509
Here are the standout features of the Binance platform:
Over 350 tradable currencies: The Binance platform offers users more than 350 tradable digital currencies, providing various options for traders and investors.
Low trading fees: Binance has the lowest trading fees compared to other platforms, helping users save more.
Multiple trading options: Binance provides various trading options, including peer-to-peer trading, spot trading, and margin trading.
Various services: As mentioned earlier, Binance's services are not limited to digital currency trading but also include many other services, such as non-fungible token trading, Binance Pay, Trust Wallet, etc.
Security: Binance has a high level of security, thanks to its adherence to strict protocols and technical procedures.
Speed: The Binance platform is characterized by fast transaction speeds, requiring less time to complete transactions compared to other platforms.
Educational content: One of the most prominent features of the Binance platform is the educational content provided by its academy, aimed at enriching knowledge and enhancing awareness of emerging technologies related to digital currencies and blockchain technology.
Available on multiple systems: Binance provides services across multiple systems, allowing users to trade via the website on desktop devices or through applications for Android users (Android and iOS) on mobile devices.
24/7 support: Binance offers chat support to customers 7 days a week, 24 hours a day.
Disadvantages of the Binance platform
Despite many advantages, the Binance platform unfortunately has some drawbacks.
Here are the standout disadvantages of the Binance platform:
Limited versions: Although Binance offers over 350 digital currencies for trading, some versions do not include all these currencies. For example, the US version only includes trading for 150 digital currencies.
Difficulty of use: Trading on the Binance platform is not easy, as the trading process is complex, especially for beginners. While the numerous trading options provided by Binance are considered significant advantages, they may confuse many users.
Lack of built-in digital wallet: While most exchanges have built-in digital wallets, Binance does not, as the Trust wallet supported by the platform is not integrated with it.
Regulatory issues: The Binance platform has faced and will continue to face many regulatory issues in many countries worldwide, and it has even been blocked in some countries.
Official website address, official APP download
Binance invitation code: A0Y8K980
Binance exchange official website
Binance exchange APP download
Will Binance still be usable in China in 2025? The latest registration tutorial for Binance (including registration process for mainland China)
What is Binance exchange? Is it a scam? Binance official download, registration tutorial introduction (latest tutorial for 2025)
2. Huobi
Huobi Group is a well-known leader in the digital economy. Since its establishment in 2013, it has been committed to breakthroughs in core technologies in the blockchain field and the integration of blockchain technology and industry. It develops multiple business segments around the upstream and downstream of the blockchain industry, including industrial blockchain, public chain, digital asset trading, digital asset security wallets, mining pools, investment, incubation, and research, having invested in over 60 upstream and downstream enterprises, forming a comprehensive digital economy industrial ecosystem.
Advantages
The platform has complete functions and services, making it a very comprehensive virtual currency exchange.
Founded in 2013, it has matured and operated for many years through several market cycles.
It offers a lot of exclusive support for large fund clients.
Disadvantages
It has a history of hacks, but all have been fully compensated.
Some functions have a high minimum trading amount, which may not be suitable for small fund traders.
Huobi official website, official APP download
Huobi invitation code: b6yq8223
HTX Huobi exchange official website
HTX Huobi exchange APP download
Where is the latest official website address for Huobi? How to register for a Huobi account? Huobi invitation code offers a 20% discount introduction
HTX Huobi exchange review 2025: Is HTX safe? Advantages and disadvantages, fees, trading experience introduction
3. Binance
Binance has established a unified trading account and other globally leading Crypto trading systems, launched MetaX, and provides multi-chain non-custody wallets, Binance NFT market, DEX, Dapps, and other products. OEC, as its self-developed public chain, has also begun to take shape, meeting users' diverse digital asset business needs. In the future, Binance will continue to venture into the metaverse, Web 3.0, GameFi, and other fields. Binance Ventures has invested in hundreds of blockchain projects globally, promoting the prosperity of the crypto economy.
Advantages:
Many currencies available, supports Chinese interface, supports RMB trading, ultra-low fees, easy registration, large trading volume, and many users.
High liquidity
Wide range of trading services
Safe and reliable
User-friendly interface
Disadvantages:
Slightly higher trading fees
Occasional technical issues
Binance official website, official APP download
OKEx Binance exchange invitation code: jbzj999
OKEx Binance exchange official website
OKEx Binance exchange APP download
OKEx Binance beginner tutorial: download, register, buy coins, sell coins, wallet security (Web/App)
Beginner's guide to registering an OKEx Binance account (safe download and registration guide)
4. Gate.io
Gate.io trading platform was established in April 2013, registered in the Cayman Islands, and was renamed "Sesame Open" in July 2020. The platform has years of stable operating experience and has accumulated many industry-leading technologies. It ensures the security of users' assets through both centralized and decentralized means, providing users with an efficient and convenient real-time trading service system. As one of the longest-standing and largest trading platforms globally, Sesame Open strictly adheres to industry rules and does not participate in market operations.
Advantages
No mandatory KYC requirements
Can trade a vast number of altcoins
Provides complete API documentation and SDK, facilitating developers for programmatic trading and application development
Disadvantages
Low frequency of APP updates
Trading interface can be somewhat cluttered
Fewer advanced trading features
- Bitget
Bitget exchange supports online real-time trading of over 500 virtual currencies and holds licenses such as Canada MSB license M20179708, US MSB, Australia DCE, etc. In 2022, it successively added wealth management, half-price coin purchases, voting for coin listings, contract strategy trading, and more empowerment for SBGB, making it a one-stop cryptocurrency exchange suitable for various investors.
Advantages
800+ currencies available
Copy trading advantages
Low fees, enjoy BGB discounts
Strong security measures
$300 million protection fund
Disadvantages
6. Bybit
Bybit exchange is a cryptocurrency trading application designed for both beginners and professionals. It simplifies the purchasing process for popular cryptocurrencies, offers spot and derivatives trading pairs, and features various functionalities such as unified sidebar fields for derivatives trading, advanced limit order settings, easy trading options for beginners, as well as asset management, copy trading, NFT market, and more.
Advantages
One of the top three exchanges, with a certain scale
Clear interface, simple operation, allowing beginners to quickly learn how to operate
Can trade without KYC (but KYC is still recommended to increase withdrawal limits)
Sufficient security, and fees are quite cheap
Disadvantages
Cannot deposit directly with New Taiwan Dollar (most international exchanges currently do not support deposits in New Taiwan Dollar)
The most downloaded virtual currency APP in China is undoubtedly the Binance and Binance trading platforms. Taking Binance as an example, on the official website, Binance not only supports downloads for Android and Apple devices but also provides different operating systems for desktop users to download. Below, we will explain the download tutorial for Binance on different devices.
Binance official APP download tutorial (Android version)
Method 1: Download the Binance App via QR code on the official website
Open the Binance official website — Click the download icon in the upper right corner — Scan the QR code with your phone. (It is recommended to use a browser for scanning)
Click local download — regular download or download, then follow the prompts to complete the download and installation.
Warm reminder
The download path may vary for different brands of Android phones, please follow the corresponding prompts to complete the download and installation.
If you are not using a mobile browser to scan, you may need to click the icon in the upper right corner, select to open in the browser, then click local download — download, and follow the requirements to complete the download and installation.
Method 2: Direct download tutorial via Binance download link
If you are using an Android phone, you need to go to the official website. First, open your browser and enter the URL: https://static.jbzj.com/qkl/ 币安 /zhuce.html.
Note: It is impossible to directly download the Binance official APP from the international official website in mainland China. The current official APP download link for Binance in mainland China uses redirection technology for downloading, and the link above is the official redirection link!
At this point, it will bring up a page to download the APK installation package, and we click download.
Then continue to wait for it to finish downloading.
Once the download is complete, we click on the downloaded APK.
Then select to allow this installation.
At this point, it will prompt us of risks, and we can directly ignore it. The reason for this prompt is that our APP is not downloaded from the software store pre-installed on our phone. We know that Binance cannot be searched in the app stores in mainland China, so we can only download it from their official website. We just need to know that we downloaded the genuine Binance APP from their official website. Here, we directly click to ignore the risk and install.
Note: Be sure to download from the link provided on this site, remember!
At this point, our Binance APP installation is complete, and we can directly click to open it.
What to do if the Android download fails to install?
Some Android phones may display security risk or virus risk prompts after completing the download of the Binance App installation package, preventing installation. You can refer to the following methods to complete the installation.
Huawei phone Android version
Click allow to continue the installation, do not move to control, and follow the prompt steps to complete the installation.
Huawei phone HarmonyOS 4.0
Exit pure mode and turn off external source application checks:
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On the phone homepage — Settings — System and updates — Pure mode, turn off enhanced protection;
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Settings — Security — More security settings — Turn off external source application checks.
【Warm reminder】:
If the pure mode cannot be turned off, you can try selecting the corresponding country/region in the application market — My — Settings — View country/region. Please note that some countries or regions may not support downloading the Binance APP from the application market.
Honor phone
First, connect to the internet to download the Binance App installation package. After successful download, disconnect Wi-Fi and data to ensure the phone has no network (click install in a disconnected environment). Follow the prompts to continue installation, and once successful, you can restore the phone's network.
Xiaomi phone
On the installation page, click the settings in the upper right corner — turn on security protection, then return and follow the prompts to complete the installation.
OPPO phone
Open OPPO phone settings, phone manager (built-in) — payment protection, turn off all software protection, and then turn on protection after successfully installing the Binance App.
Telecom network
Under the telecom network, you can turn on airplane mode and use Wi-Fi to complete the installation and download of the Binance App.
Other methods
Other brands/types of Android phones can try the following methods to install the Binance App.
Turn off the network and Bluetooth, use the Quark browser or the phone's built-in browser to download and install, and change the virus settings to 360, etc.;
Settings — Apps and notifications — Permission management — Security and privacy — App lock — Trust this app — then log in, and the "risk" prompt will no longer appear.
After downloading the Binance App installation package, turn off all data flow and then install.
Binance APP iOS download tutorial
The use of overseas Apple ID
The App Store typically offers specific applications and services based on the user's region. Some applications, games, or other content may only be available in the App Store of specific countries or regions. By creating an overseas Apple ID, you can access the App Store of other regions to download and install content restricted to those regions. This is particularly useful for Apple users in the foreign trade industry who often need to use some overseas app resources.
Additionally, some Apple services may be launched first in specific regions, and you may need to use the corresponding regional Apple ID to access these services, such as Apple Music, Apple News+, Apple TV, etc. Choosing to register for a US Apple ID is because the App Store has the most applications, and gift card top-ups are convenient, while gift cards from other regions can be difficult to obtain.
However, if you want to download trading platforms, especially Binance, it is recommended to use Taiwan, Hong Kong, etc., with Taiwan being the first choice since we can understand traditional Chinese characters and access without barriers.
Precautions for using overseas ID
If you can register yourself, try not to use shared IDs, as you may encounter issues such as privacy leaks, account bans, or device locks that could brick your iPhone.
It is recommended to log in to the store (App Store) with the overseas ID, and not to log in from settings, as this can avoid the risk of account bans and device locks.
For those who register directly and cannot register for overseas region verification (it is best to have a Taiwan network or overseas phone number), you can first register a domestic account and then change it to the Taiwan region, which is easier to register successfully.
If verification cannot be completed, you can choose to use a business account, preferably with an overseas phone number.
Materials needed for registration:
- Email:
Common QQ, 163, Gmail, 189, etc., can be registered. If you encounter an error during email registration, switch to another email and continue trying. (The reason some emails cannot be registered is not clearly described by Apple, and it is a very small probability occurrence.)
- Phone number:
A normal phone number (will require SMS verification during creation and use, one phone number can register multiple Apple IDs, so there is no need to worry about this phone number having registered an ID before).
- Virtual address:
As we are all Chinese, we can only solve identity issues through online generated virtual addresses and other information.
Detailed steps to register an overseas Apple ID
Note: This tutorial is based on the author's own testing in China, and all steps are effective. Friends in need can follow the steps below to complete the registration and download Binance, Huobi, and other exchanges!
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First, open a virtual address generator. The author uses meiguodizhi.com. After entering the webpage, click on Taiwan address, then in the generation column, enter Tainan City, click generate, and obtain the following information, as shown in the picture.
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Then go to the Apple official website account and enter the information.
First column: Fill in any surname and name; the author filled in a simplified version of their name.
Second column: Country and region: Taiwan, China.
Third column: Fill in any birth date, preferably an adult date.
Fourth column: The email must be a real email, as it will receive a verification code (the red text below is because this screenshot was taken after the author completed registration and confirmed it worked).
Fifth and sixth columns: Enter a password and remember it.
Seventh column: For country/region options, select mainland China.
Eighth column: Enter a phone number that you can use, as this will receive a verification code (mainland numbers are also acceptable; the author used their own phone number).
Verification method: Check SMS.
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Next, it will prompt for the electronic email verification code. We log into the prepared email to obtain the verification code and enter it. Then it will also verify the phone number, which will be sent via SMS to the phone number you filled in; enter the verification code and click next to successfully register.
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After registration, you will see this page. You don't need to worry about this page; just take your Apple phone and enter the App Store, as shown in the picture.
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Enter the Apple App Store, click the little person icon in the upper right corner to enter the account, as shown in the picture.
If you have previously logged into the Apple App Store, scroll to the bottom of the page and click to log out of the original account, as shown in the picture.
Then log in again with the newly registered account;
After entering the account, it will prompt that this Apple account has not yet been used for the iTunes store. Tap check to log in, then check your account information, and click check, as shown in the picture.
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Complete the creation of the Apple account, click agree to the terms and conditions, and then click the next page, as shown in the picture.
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On this page, you will be asked to enter the street. The first street must be filled in; just copy and paste the virtual address generated by the virtual address generator here. The second street can be left blank; for the county/city section, enter the county/city generated by the virtual address generator; for the postal code section, if you directly enter the postal code generated by the virtual address generator, it seems to not work, because the author first entered the postal code generated by the virtual address generator and it showed unavailable. Later, the author searched the postal code for the street address generated by the virtual address generator on Baidu, which allowed it to pass. If you encounter this situation, you can try this method; for the phone section, the author entered the phone number generated by the virtual address generator. After completing these entries, click the next page in the upper right corner to continue logging in, as shown in the picture.
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Enter the created Apple account, click continue, as shown in the picture.
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Enter the new content page of the App Store, click continue, as shown in the picture.
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Then you will successfully log in. In the App Store's search bar, enter the required cryptocurrency exchanges, and you will see exchanges like Binance, Huobi, Gate.io, Bitget, Bybit, etc. Click to obtain, enter the password verification interface for downloading, and enter the password.
Be sure to register using the invitation code.
Set App Store billing information
When prompted to select a payment method, choose "None." If you cannot select "None," skip without selecting any method. Then enter the prepared Taiwan address; it is recommended to use real existing street information, but there is no need for real recipient information.
Failed to register for Taiwan region Apple ID?
During the registration process, users often encounter some system prompts or process obstacles, especially when the network environment, device configuration, or account information does not match. Here are some common issues and solutions.
- After filling in the information, it shows "Unable to create your account at this time"?
This type of error usually stems from Apple's security mechanism being triggered to prevent malicious bulk registrations. Possible reasons include:
Using an email address that has been registered multiple times, abnormal device fingerprints and IP addresses, or multiple attempts in a short period. Especially when repeatedly registering multiple accounts in the same network environment, the likelihood of this prompt appearing significantly increases.
Solution: It is recommended to first change to an email address that has not been registered for an Apple ID. Also, try switching networks, such as from home Wi-Fi to mobile hotspot, or using a VPN to change the IP segment. You can also change browsers or clear browser cache, refresh the page, and resubmit the registration information. If you still cannot create an account, you can wait 24 hours and try again or register using another device.
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The payment method does not have the "None" option?
You can try switching the ladder to "Taiwan region" before filling in the payment billing information and then retry. -
Unable to receive email or phone verification codes during registration
Email not receiving verification codes
(1) Check the spam folder
(2) Try switching to Gmail, Outlook, or another email that has not registered for an Apple ID.
Phone not receiving verification codes
In general, a mainland +86 phone number is sufficient, but the same phone number cannot register more than two Apple IDs. If you cannot receive the verification code, you can try registering via the web version, changing the phone number, or using a virtual phone number (not highly recommended).