HKD.com - Exchange Review

HKD.com showed up in 2019, pitched itself as a global-friendly exchange with spot, perpetual and futures markets. It handles over $1 billion in daily volume - think thousands of BTC traded in 24 hours. It supports around 23 crypto assets and claims liquidity for pairs like BTC/USDT, ETH/USDT, XRP/USDT, SOL/USDT. But reserve proof? Unknown. Transparency? Missing.

Traffic numbers? Low single-digit thousands per month - suggesting much of the volume comes from bots or institutional connections. User reviews are nearly nonexistent, and the overall trust score feels flimsy.

How it works

You get spot, perpetual and futures trading support with moderate selection - under 25 coins. Fees are advertised as low, but public documentation is thin on details. Fiat support? None. KYC? Yes, mandatory. Withdrawals operate in crypto only. Site claims global service but mostly handles USDT and other stable pairs.

Volume may seem attractive - but without reserves data, it’s hard to trust. Liquidity varies depending on pair. The interface is functional but not polished - some reviewers cite app issues and geo-limited language support.

Where trust wobbles

Proof of reserves missing. No audit certificates. Community feedback almost zero. Domain traffic under 6K visits a month. That level of opacity undermines confidence.

Current state by 2025

HKD.com still runs markets - BTC, ETH, XRP, SOL, etc. - volume hovers near $1 billion per day. But user activity appears minimal. No independent verification of liquidity claims. No clear growth or expansion, and the user base remains unclear.

Quick facts

Feature	Status / Details
Founded	2019, HKD.com Limited
Assets supported	~23 crypto assets, focused on BTC/USDT, ETH/USDT
Fiat support	None
Fee policy	Claimed low, details scarce
Volume (24h)	~$1.1 billion, ~9.6K BTC equivalent
Reserve transparency	None
Web traffic	~5–6K visits/month
Trust indicators	Low; minimal audits or public user feedback
Verdict	High volume but limited transparency - use cautiously

Final thoughts

HKD.com is odd. On one hand it handles big numbers. On the other, it hides most of the operational details. If that volume is real, then the platform may serve a niche of bots or institutional flows - but retail users get no visibility into reserves or audits.

For traders who need proof and clarity, it’s shaky ground. The numbers might impress, but when you dig deeper - transparency is missing. HKD.com works, maybe. But it doesn’t invite trust.