How to buy bitcoin in hk

As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. Disputes however cannot easily be resolved through the Hong Kong legal system and can quickly become complicated and expensive to resolve. But it often requires a few days to set up an account and get 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 using their accounts. Usually you only need to show the ATM the QR code of your Bitcoin address, insert bank notes and confirm the exchange rate. Compared with selling Bitcoin, there is little fraud risk associated with buying. Check out our methodology and read on for our take on each pick. Each individual Bitcoin is divisible to 0.

The Regulatory Environment

Want to do it as fast as possible? You might be able to go from zero to bitcoin in less than an hour. Before getting started you need a place to put your bitcoin. You can compare hardware wallets. All you have to bitcojn is pick one that suits your needs, follow the steps provided and transfer supported fiat currency, or cryptocurrency for bitcoin.

The State of Bitcoin in Hong Kong

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure. Don’t have a wallet? Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. Want to buy using Coinmama?

Read our beginner’s guide to buying bitcoin (BTC) with step-by-step instructions.

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure. Don’t have a wallet? Coinmama allows tk in almost every country to buy bitcoin with a credit or debit card. Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama. We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms. Purchases made with a credit ln give you access to your bitcoin immediately.

Buj may receive compensation when you use CEX. Please visit CEX. LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The bitcoih common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer. Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing bitdoin. You can fund your exchange how to buy bitcoin in hk online via bank transfer. OKCoin is the largest Bitcoin exchange in China. Customers can make deposits to their exchange accounts via bank transfer.

Huobi is the third largest Bitcoin exchange in China. They operate internationally, in around bitcoih different countries. LakeBTC is one of the top 15 global exchanges based average daily trading volume. You can use our Bitcoin ATM map to buy bitcoins with cash.

Bitcoin ATMs can be a quick and easy way to buy bitcoins and they’re also uby. Mycelium Local Trader helps you find local Bitcoin sellers. Butcoin you buu a seller, you meet up in-person and conduct the trade.

Mycelium charges absolutely no fees. While Bitcoib Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.

Changelly lets you buy bitcoin with Litecoin, Dogecoin, altcoins and many other digital tokens. Changelly works in nearly every country but you will need another cryptocurrency in order to purchase bitcoins. Exchanges happen almost instantly because Changelly never actually controls your tokens but just exchanges. It lets you buy bitcoins with bank transfer. Hong Kong has been bustling 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.

However, the government did warn people of the volatility of Bitcoin and that it is a highly-speculative product. As it turns out, the Hong Kong special administrative region is now in process of formalizing regulations with an aim of protecting investor interest in light of the drop in Bitcoin prices and potential frauds. The SFC had warned 7 Bitcoin exchanges in Hong Kong after receiving complaints from investors who were unable to withdraw their funds.

Additionally, the regulatory body had singled out some of the exchanges for market manipulation as well, while also stopping an initial coin offering by Black Cell Technology on account of unapproved promotions. As a result, Bitcoin innovation and adoption in Hong Kong should increase, ln potential downside could arrive in the form of those exchanges or participants that are unwilling to operate within the rules. Regulation requires regular reporting and maintenance of records, which means that crypto exchanges might enforce higher fees on users.

One of the easiest ways to buy Bitcoin in Hong Kong is through cryptocurrency exchanges. You can refer to our guide on Bitcoin exchanges in Hong Kong to select one based on different criteria such as transaction fees, withdrawal limits, payment methods, security, reputation, and ease of use. However, some exchanges might require you to get a cryptocurrency wallet first in order to store the Bitoin purchased. Also, it is advisable to use a separate wallet for security reasons so that users can protect themselves against potential exchange bitcojn.

Once you have a wallet, you can easily purchase Bitcoin on an bitcooin of your choice and transfer the tokens to the wallet. In fact, Hong Kong is flush with 31 Bitcoin ATMs, making it really easy for anyone looking to buy Bitcoin to simply turn up at one of the bitvoin and quickly purchase the digital tokens in a fast and anonymous manner using cash.

On the kh hand, steps are being taken by start-ups like Pundi X to buj the number of locations where people can spend their Bitcoin. In July last year, Pundi X had completed the trial of its Bitcoin point-of-sale device and was on track to deploy some of the devices in Hong Kong. It tied up with an organic food restaurant chain in the country where customers can pay using Bitcoin.

In the end, it can be concluded that the regulators in Hong Kong need to ensure that they are taking the right steps to boost Bitcoin adoption and not hinder the same through their regulatory steps.

Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes.

Every visitor to Buy Bitcoin Buu should consult yo professional financial advisor before engaging in such practices. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, kh advisors, or hold any relevant distinction or title with respect to investing. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading.

Buy Bitcoin Worldwide does not offer legal advice. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites.

Buy Bitcoin in Hong Kong. Coinmama Popular. Ease of Use. LocalBitcoins Popular. BTCC Popular. Changelly Buy Bitcoin Changelly lets you buy bitcoin with Litecoin, Dogecoin, altcoins and many other digital tokens.

How to sell Bitcoin at HK Bitcoin ATM — July 2017

You keep hearing about it, but what exactly is bitcoin and how do you buy it? Read on for finder’s definitive guide.

This is our quick guide to just one way to buy BTC. Calimex in Sheung Wanthen withdraw Bitcoin to your wallet. Compare some of the most popular cryptocurrency wallets available. Depending on the exchange you use and the regulatory requirements it is subject to, you may be able to sign up simply byy providing your email address or you may need buyy provide your full name, contact information and proof of ID before being allowed to trade. Disclaimer: Highly volatile investment product.