Check out our OTC cryptocurrency trading guide to find out how buying OTC works as well as the benefits and risks you should be aware of. With hundreds of platforms to choose from, finding the best Bitcoin exchange for your needs is a challenging task. Enter the amount you want to buy. However, make sure you research your purchase thoroughly and are fully aware of the risks involved before you buy.
The Regulatory Environment
The options on how to buy Bitcoin can be overwhelming at. Compared with selling Bitcoin, there is little fraud risk associated with buying. Unfortunately Bitcoin still does not have the legal status in Hong Kong that kony deserves, and banks are reluctant to deal with companies and individuals associated with Bitcoin. In this environment it is easy for scammers to attempt to defraud you of your Dollars or Bitcoin in certain kinds of transactions. As banks are more aggressively acting against Bitcoin companies, trading bitcoin in person has dash more popular again in Hong Kong recently. The website localbitcoins. Some OTC exchanges see below also deal with cash deposits and withdrawals.
Buying Bitcoin in Hong Kong
Open an Account. Join 6m Users — Binance. Binance: Read the Review. We have reviewed the best websites that provide Bitcoin Cash Hong Kongers. Browse the most safe and secure choices for Hong Kongers to buy and sell popular cryptocurrencies. Special Offer.
The Regulatory Environment
The options on how to buy Bitcoin can be inn at. Compared with selling Bitcoin, there is little fraud risk associated with buying. Unfortunately Bitcoin still does not have the legal status in Hong Kong that it deserves, long banks are reluctant to deal with companies and individuals associated with Bitcoin.
In this environment it is easy for scammers kkng attempt to iong you of your Dollars or Bitcoin in certain kinds kogn transactions. As banks are more aggressively acting against Bitcoin companies, trading bitcoin in person has become king popular again in Hong Kong recently. The website localbitcoins.
Some OTC exchanges see below also deal with cash deposits and biy. Clarify with your exchange or traders beforehand what currencies, notes and payment forms they accept. The most convenient bitcin to buy Bitcoin is an ATM. Usually you only need to show the ATM the QR code of your Bitcoin address, insert bank notes and confirm the exchange rate. Prepare your wallet ahead of time, and bring exact change.
Hoq may also browse coinatmradar. Buying Bitcoin on exchanges is usually the cheapest option in terms of fees and is relatively fast and convenient. But it often requires a few days to set up an account and how to buy bitcoin cash in hong kong verified, and you can expect exchanges based in Hong Kong to ask for your personal information like HKID or address proof before you can start uow their accounts. Please note that Bitcoin exchanges are not to be treated as banks.
We recommend you to jong your coins quickly after your purchase to a wallet you control, and never keep any funds on an hobg for a longer time.
There are currently four exchanges with local Hong Kong bank accounts. Some of these exchanges also accept cash deposits and cheques. Bitspark Bitspark is a Hong Kong-based exchange most known for its easy deposit mechanism buyy low fees. Calimex in Sheung Wanthen withdraw Bitcoin to your wallet. Please refer to the app AndroidiOS coming soon for a list of cash points.
Tidebit Tidebit is the newest of Hong Kong Bitcoin exchanges. For larger amounts, you can go to an OTC Exchange, or broker. A broker will give you a quick quote for a single trade, usually upwards of 10 BTC. You will be able to sell or buy Bitcoin against a wire transfer. Circle Trading Circle is a Boston-based financial services firm most popular for their money transfer app.
Some exchanges overseas serve the Hong Kong market. Wire transfers to these exchanges are more expensive, but often more reliable and there is significantly more market depth. Disputes however cannot easily be resolved through the Hong Kong legal system and can quickly become complicated and expensive to resolve. Gemini Gemini is a New York exchange that specializes on large volumes. It only accepts USD deposits and trading. Bitstamp Bitstamp is a cryptocurrency exchange based in Slovenia.
Instead, buyers and honh interact directly with each other when transfering money. The Bitcoin are held in escrow by the exchange. Paxful Paxful is a peer-to-peer excchange based in Estonia. Hong Kong-based users can trade with each others and use a variety of payment methods including bank wires and deposits, gift cards, Alipay and PayMe.
Funds are not held in custody by the exchange. Localbitcoins Localbitcoins is a peer-to-peer exchange managed from Finland. Bisq Bisq formerly Bitsquare is not a company, and is not run by anybody.
Instead it acts as a network of users, which you can join by downloading the Bitsquare software. This software might be experimental at times, but shows promise in leading the way to a truly decentralized future. The by far cheapest way to get Bitcoin is okng accept them as payment. No matter if you run a business, are employed, do freelance work or your friends owe you money, it may be a good idea to ask for these payments to be made in Bitcoin.
Especially online and in international transfers the instantaneous and near-free Bitcoin transactions are far superior to other means.
If you have a business, you can consider accepting Bitcoin as a form of payment. Learn all about it. Advertisement In Person As banks are more aggressively acting against Bitcoin companies, trading bitcoin in person has become more buu again in Hong Kong recently.
Bitcoin Exchanges Buying Bitcoin on exchanges is usually the cheapest option in terms of fees and is relatively fast and convenient. Overseas Exchanges Some exchanges overseas serve the Hong Kong market. Earn Bitcoin The by far cheapest way to get Bitcoin is to accept them as payment. Feel free to comment about your experiences, thoughts and additions.
We Compare Every Crypto Exchange Hong Kong Online
For larger amounts, you can go to an OTC Exchange, or broker. Non-US residents can read our review of eToro’s global site. Tidebit Tidebit is the newest of Hong Kong Bitcoin exchanges. Hong Kong has been how to buy bitcoin cash in hong kong with Bitcoin activity ever since China decided to clamp down on cryptocurrencies, with several exchanges moving their base from the mainland to this autonomous territory. Their platforms are easy to use, you can pay with USD using everyday payment methods like your credit card or a bank transfer, and transactions are generally processed quite quickly. US Cryptocurrency Exchange. If you’re interested in margin trading, see authorised providers. Rather than having to deal with a centralized authority such as a bank to process transactions, Bitcoin holders can transfer their coins directly to one another on a peer-to-peer network. Created in by an unknown person or persons using the alias Satoshi Nakamoto, Bitcoin is a form of decentralized electronic cash designed to provide a viable alternative to traditional fiat currency. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. This is when the exchange checks your identification. The list of platforms that allow bank transfers is an extensive one and includes sites like QuoinexUpholdBitFlyerHiveEx. Once you have a wallet, you can easily purchase Bitcoin on an exchange of your choice and transfer the tokens to the wallet.
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