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Buy Bitcoin (BTC) in Hong Kong with HKD with Lowest Fees
Buy Bitcoin (BTC) in Hong Kong with HKD with Lowest Fees
Calling all crypto enthusiasts in Hong Kong! Are you searching for a seamless and trustworthy provider to explore the exciting world of cryptocurrencies? Look no further than Changelly – the ultimate crypto exchange that's got you covered! With almost 600 supported crypto coins and hard-to-beat low trading fees, you can trade your favorite digital assets and with ease. Buy Bitcoin, Bitcoin Cash, Binance Coin, or any other digital currency – we have them all! We safeguard your transactions against nasty surprises with our bank-grade security. We offer fiat-to-crypto purchases, so you can easily convert your local currency, including Hong Kong dollars (HKD), to crypto and start trading right away! Whether you're a seasoned trader or a beginner, our platform caters to all your needs. Experience the future of cryptocurrency trading by joining Changelly today!
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updated at 15:36How to buy Bitcoin in 5 easy steps
Set your purchase pair
Select the crypto you’d like to purchase. Next, choose the local currency you want to buy crypto with and your country of residence. Compare the best offers and choose the one that suits you most.
Provide your crypto wallet address
Enter your crypto wallet address in the required field. Double-check your unique crypto wallet address to make sure it is correct.
Verify your identity
Verify your identity with the provider you've chosen to buy crypto with. This is the best way to make sure that the payment information is only yours.
Confirm your payment
Confirm your payment and have your purchased cryptocurrency delivered to your crypto wallet in several minutes.
Welcome your crypto
As soon as the payment goes through, your coins will be credited to your wallet address.
Payment methods to buy Bitcoin
Bank transfer
A bank transfer is a secure option to buy cryptocurrency, especially if you are thinking of purchasing large amounts of virtual currency. Keep in mind that bank transfers may take a little longer, and fees may vary.
Apple Pay and Google Pay
Apple Pay and Google Pay are the quickest ways to buy BTC with a credit or a debit card from your iOS or Android device.
Credit or Debit Card
Credit or debit card payment is one of the effortless ways to buy BTC and other cryptocurrencies in a fast and secure manner. With Changelly, you can use a Visa or a Mastercard credit card issued in your local currency.
Buy Bitcoin Without Any Hassle
Purchase your crypto with any payment method that suits you best. Start buying with as little as 30 USD or your local currency equivalent.
Why buy Bitcoin on Changelly?
Secure
We take a comprehensive security approach to ensure your crypto investments and identity are safe. We provide quick crypto purchases to more than 2.6 million users every month.
24/7 support
Got any questions? We've got all the answers. Changelly offers personal support to each and every user. We are here to help you 24/7 with any challenges that you might face using our services.
Fast
Get any of the 500+ supported cryptocurrencies in mere minutes with just a few clicks and at the best rates on the market.
All premium offers in one spot
We aggregate crypto offers from a variety of fiat payment providers so that you can always find the very best one.
FAQ
How is the Price of Bitcoin Determined?
The Bitcoin price is determined by a complex interplay of factors. One of the most important is supply and demand. If the demand for Bitcoin is high and the supply is limited, the price will go up. Conversely, if there are a lot of Bitcoins available and the demand is scarce, the price will go down.
Another driving force behind Bitcoin’s price is market sentiment, i.e. the perception of Bitcoin among investors. For example, if there is a lot of positive hype around Bitcoin, such as new partnerships or increased adoption, the price is likely to grow. If there is negative news, such as regulatory crackdowns or security breaches within the Bitcoin blockchain, the price may drop.
The overall health of the cryptocurrency market can also impact the price of Bitcoin. If other cryptocurrencies are performing well, it may create a positive environment for Bitcoin, and vice versa.
Can I Buy Less Than 1 Bitcoin?
Yes, it is possible to buy less than 1 Bitcoin. Fractional shares or portions of Bitcoin are available on numerous trading platforms. This allows investors to own a piece of the cryptocurrency without having to buy a whole Bitcoin, so individuals can invest in crypto at a lower cost. Bitcoin is divisible up to 8 decimal places. You can purchase the tiniest units of Bitcoin, called satoshi, which represents 0.00000001 BTC. This means that even if the price of one Bitcoin is very high, you can still buy a small amount of it. For example, if one Bitcoin is worth $50,000, you can buy 100 satoshi for only $0.50.
Where to Store Your Bitcoins?
A Bitcoin wallet is a tool that allows users to store, send, and receive Bitcoins securely, and its importance lies in providing a safe and convenient way to manage one's cryptocurrency assets. Here are some popular types of cryptocurrency wallets to keep Bitcoin safe:
Digital Wallets
These are online wallets that let you store your private keys on a cloud-based platform. A digital wallet is easy to use and offers quick access to your virtual currencies. However, they are not recommended for long-term storage, as they are vulnerable to hacking.
Hardware Wallets
A hardware wallet is an offline storage tool that stores your private keys on a physical device, which is why it is alternatively known as a cold wallet. They are considered the safest way to store your Bitcoins as they are not connected to the internet. They are ideal for those who hold large amounts of cryptocurrencies.
Paper Wallets
These are physical copies of your private keys that are printed on paper. They are also offline storage devices and are believed to be one of the most secure ways to store your Bitcoins. However, they are not recommended for those who make frequent trading, as they are not easily accessible.
Hot Storage Wallets
These are digital wallets that store your private keys on a device connected to the internet. Hot wallets are convenient for active traders since they provide easy access to Bitcoins. Nonetheless, they are less secure compared to cold storage wallets.
Mobile Wallets
A mobile crypto wallet is a type of a digital wallet that allows users to securely store, send, and receive cryptocurrencies using their smartphones or other mobile devices. It is essentially a software application that provides you with a unique set of public and private keys that are used to access and manage your cryptocurrency holdings. Mobile crypto wallets are becoming more popular, as cryptocurrencies become widely adopted and used for a variety of purposes, such as online shopping, peer-to-peer transactions, and investments.
Custodial Wallets
Such Bitcoin wallets are managed by a third party. They provide a great option for people who are new to cryptocurrencies, as they are easy to use. However, when using a custodial Bitcoin wallet, you do not have full control over your private keys. Your private keys are managed by the wallet service provider, which means that there is a risk of losing your funds if the service provider is hacked or goes bankrupt. Therefore, it is essential to understand the risks associated with using a custodial wallet and to take precautions to protect your funds.
Non-Custodial Wallets
These are wallets that give you complete control over your secret keys. They are ideal for those who want to have complete control over their funds. However, they require some technical knowledge and are not as user-friendly as custodial wallets.
Apart from their appearance and management, Bitcoin wallets differ in terms of functionality. Some products may let you swap one crypto for another; others are packed with advanced market tracking instruments, such as a Bitcoin price chart and alerts. Third solutions may offer you opportunities to earn interest on your Bitcoin holdings, such as setting up a savings account or accessing margin trading. That being said, a Bitcoin wallet is not only a vault that safeguards your crypto assets, it is also a way to put your crypto to good use.
Which Bitcoin Wallet Can I Use?
With so many options available, it can be overwhelming to choose the best Bitcoin wallet that meets your requirements. However, there are certain crypto wallet brands that outperform others in terms of convenience and security – have a look:
- Ledger Nano S. This is a hardware wallet that stores your private key data offline, which provides the highest level of security. It supports multiple cryptocurrencies, including Bitcoin, and is known for its user-friendly interface.
- Trezor. Another reputed hardware wallet, Trezor offers similar security benefits as the Ledger Nano S. It also supports a diversity of cryptocurrencies and offers a range of great security features, such as two-factor authentication.
- Coinbase. A long-running web-based wallet, Coinbase is easy to use and offers mobile apps for iOS and Android. It also offers insurance protection on digital assets held in its wallet.
- Exodus. A prominent desktop crypto wallet, Exodus offers a sleek and intuitive interface. It is optimized for different cryptocurrencies and enables users to conduct cryptocurrency transactions within the wallet itself.
- Mycelium. A nifty mobile Bitcoin wallet for Android and iOS, Mycelium boasts advanced security and privacy features, such as the ability to connect to your own node. It also supports offline storage and offers a built-in exchange to trade Bitcoin and other cryptocurrencies.
Got any questions about the BTC purchase on Changelly?
We tried to gather all the necessary information about the BTC purchase on this page. Yet, the crypto world can be darned confounded. If you still have questions, check out the FAQ page or contact our support team 24/7.
Keep your Bitcoin safe and sound
If you are searching for the best cryptocurrency wallets for your favorite coins, look no further! Whether you are a crypto pro or just starting out, these wallets might be a good option for crypto storage.
Integrating Changelly services into Trezor Wallet's exchange has been a great success for all parties, especially the users. Working with Changelly is a pleasure, thanks to their professional and courteous approach.
Changelly is the best option for users to access the most cost-savvy rates
With Changelly's stellar team, we have developed a unique system to ensure exchanges are fulfilled in the fastest possible time and with immediate customer support.
We are thrilled to partner with Changelly to provide an exceptional trading experience: anytime, anywhere - in a few simple taps!
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What Is Bitcoin?
Bitcoin is the world's oldest and most valuable crypto asset in terms of market cap. Bitcoin is decentralized electronic cash created in 2009 by an unknown individual or group under the alias Satoshi Nakamoto as a viable alternative to existing fiat currency.
Bitcoin users send their coins directly on a peer-to-peer network, bypassing the need for a centralized authority to execute transactions. All Bitcoin transactions are recorded on the blockchain, a public ledger, where miners validate transactions.
There is a limit of 21 million bitcoins, no more will ever exist. Generally, these bitcoins are added at a fixed rate - 10 minutes per block.
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Is It Legal to Buy Bitcoin in Hong Kong?
Hong Kong (HK) is a Special Administrative Region of the People's Republic of China that operates under the "one country, two systems" principle. This means that, despite being part of China, it has a degree of autonomy in its governance and economic policies. One area where this autonomy is particularly evident is in its approach to cryptocurrency regulation.
In Hong Kong, crypto is regulated under the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022. This legislation requires virtual asset service providers (VASPs) to be licensed and adhere to strict anti-money laundering and counter-terrorism financing protocols.
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) are the two main regulators responsible for overseeing cryptocurrency activities in this autonomous China region. The HKMA is charged with overseeing the stability and integrity of the financial system, while the SFC focuses on investor protection and market integrity.
Under the licensing regime for VASPs, companies that provide crypto trading or exchange services must obtain a license from the SFC. The licensing requirements include a fit-and-proper test for key personnel, minimum capital requirements, and operational and risk management standards.
The licensing regime also requires VASPs to abide by a range of anti-money laundering and counter-terrorism financing requirements, including customer due diligence measures, transaction monitoring, and reporting suspicious transactions.
So, is it legal to buy Bitcoin in Hong Kong? Yes, it is legal to buy and sell cryptocurrencies in Hong Kong, but only through licensed VASPs. Individuals and businesses must ensure that they only transact with legal VASPs and comply with all relevant regulations to avoid potential legal and financial penalties.
Hong Kong investors who are considering trading cryptocurrency should understand the significant risks involved. While the potential rewards can be enticing, the volatility of the market can lead to dramatic losses in a short period. Crypto users should also be aware of the potential for hacks and security breaches, which could compromise their investments. Investors should thoroughly research the market and weigh the potential benefits and drawbacks before starting trading Bitcoin or other cryptocurrencies.
Bitcoin, also known as BTC, is a digital currency that operates on a peer-to-peer network, allowing for direct transactions between users without the need for intermediaries. An anonymous person or group of people using the pseudonym Satoshi Nakamoto introduced it in 2009. BTC exists thanks to the blockchain technology, which is basically a decentralized ledger that records all transactions in a secure and transparent manner.
Bitcoin mining is the process of verifying transactions on the network and adding them to the ledger, which involves complex mathematical calculations and requires significant computational power. BTC has a complex legal status, with some countries recognizing it as a legitimate currency, while others have banned or restricted its use. Despite this, BTC has gained popularity among many investors and consumers thanks to its decentralized nature, low fees per transaction as opposed to remittances via traditional banks, and potential for profit through Bitcoin trading, mining, and holding.
Best Ways to Buy Bitcoin in Hong Kong Safely
As the world embraces cryptocurrency, savvy investors in HK are turning to licensed and well-established crypto exchanges for a secure and hassle-free experience.
With these platforms, even a small investment can go a long way because these platforms let you buy as little as a few dollars worth of Bitcoin, or any other cryptocurrency. This enables investors to practice dollar cost averaging – a strategy of investing a fixed amount of money in crypto at regular intervals, regardless of market conditions. An ability to purchase BTC with just a couple of Kong dollars can help you mitigate the impact of market volatility and empower you to invest in Bitcoin without spending a significant amount of money.
Investing in cryptocurrencies through cryptocurrency exchanges won't burn a hole in your pocket as their transaction fees are wallet-friendly, facilitating cost-effective transactions. Users can enjoy added security measures that protect their personal and financial information, such as two-factor authentication, SSL encryption, and fraud monitoring. This ensures that all sensitive data is kept safe from any unauthorized access or malicious attacks.
Most exchanges also employ artificial intelligence and machine learning algorithms to detect and prevent potential security threats in real-time, enhancing the overall level of protection for traders. This added layer of security helps to build trust and confidence in the platform, which is critical for users when entrusting their personal and financial information to an online service.
How to Buy Bitcoin with Credit and Debit Card
Hong Kong, home to a bustling financial hub, is one of the most welcoming regions for cryptocurrencies. Many people here are interested in investing in cryptocurrencies, especially Bitcoin. One of the most common ways to buy BTC is through a reputable platform using a credit or debit card.
Since there are too many cryptocurrency exchange portals over the internet, each having its distinct features, transaction fees, and trading volume, it is always good to do your research and choose a reliable company that has a strong reputation in the cryptocurrency community, such as Changelly. Despite such diversity, the process of purchasing crypto with debit/credit cards for different platforms is relatively similar.
Once you have chosen a reputed provider, the next step is to create an account. You will be required to provide some personal information, such as your name, email, and address proof. It is vital to provide accurate and up-to-date details to avoid any hiccups in the future, such as an inability to withdraw the traded funds to your bank account or card if you decide to sell Bitcoin back to fiat.
After your account is created, you can deposit funds using your credit or debit card. Most platforms support Visa and MasterCard. Some will require additional verification to approve your credit or debit card purchases. This verification process may include uploading a selfie, a copy of your ID document, and your utility bills, which is also known as Know Your Customer or KYC. KYC is usually approved instantly, but in exceptional cases, you may have to wait a few hours or days until the platform finally checks your identity and place of residency. Once your trading account is authorized, you can deposit money and start buying Bitcoin or other coins.
Sending the bought Bitcoin off the trading platform to a personal wallet is a vital step in mitigating a security risk. When you purchase BTC through some company, you essentially entrust the custody of your cryptocurrency to a third-party entity. This can expose you to several security vulnerabilities, such as hacking, fraud, and the cryptocurrency exchange suddenly shutting down. By transferring Bitcoins to a personal wallet, you take control of your funds and reduce your exposure to these threats. The best crypto wallets offer enhanced security features, such as biometric authentication and multi-factor authentication, to safeguard your digital assets.
Changelly is the perfect choice for those looking to buy BTC in Hong Kong, incorporating their credit or debit card. With its user-friendly interface, momentary execution times, and competitive transaction fees, Changelly has quickly become the go-to platform for crypto enthusiasts across the globe.
As a smart trading platform, Changelly uses advanced algorithms to ensure that users get the best possible exchange rate for their transactions. Our AI-empowered engine compares rates across multiple trading platforms to find the best deal for each digital asset transaction. This allows users to get the most value out of their investments and maximize their profits.
The intuitive interface and fast transaction times are coupled with robust security features on Changelly. The platform utilizes advanced security protocols to protect user data and ensure the safety of all activities. Changelly also offers two-factor authentication (2FA) to provide an extra layer of protection for user accounts.
With over 500 cryptocurrencies supported, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and many more, you'll have no shortage of options when building your crypto portfolio. Whether you're a seasoned trader or just getting started with crypto, Changelly's simple, yet feature-rich platform and top-notch security make it the ideal avenue for buying BTC in Hong Kong.
How to Buy Bitcoin with Bank Transfer in Hong Kong
Purchasing Bitcoin in Hong Kong can be a daunting task at first, but with the convenience of bank transfers, the process becomes much easier. To get started, you will need to have a bank account from which you can initiate wire transfers.
To buy cryptocurrencies, you'll need to seek out a crypto exchange that accepts bank transfers as a payment method. Once you've found one that suits your needs, it's time to get registered and verified. This will involve providing some personal information and ID documents, but don't worry – it's all part of the process to keep your funds safe.
Once you've passed the verification stage, you'll be able to connect your bank account with the exchange and arrange a wire transfer to fund your crypto purchases. Focused on customer satisfaction, many exchanges offer useful prompts and instructions to guide users throughout the buying process, so you will hardly hit any snag when using a bank transfer to buy cryptocurrency.
Perhaps, the only hindrance a person may encounter when buying Bitcoin via a wire transfer is long processing times before money is transferred from a bank account to an exchange. This is so because wire transfers involve multiple banks and institutions that need to verify and process the transaction, which can take several business days to complete.
The beauty of buying BTC with bank transfers in HK is that it is a reliable method of payment. With no need for physical cash or credit cards, a bank transfer can provide a seamless and efficient way to purchase crypto. With the right exchange, you'll be able to navigate the cryptocurrency market with ease and potentially reap some significant rewards!
How to Buy Bitcoin with Apple Pay in Hong Kong
Apple Pay has dramatically improved the way Hong Kong residents purchase a variety of goods and services, including the increasingly popular Bitcoin cryptocurrency. With its seamless integration into the iPhone and Apple Watch, Apple Pay has made contactless payments quick and effortless.
Apple Pay's robust security measures ensure that all transactions are encrypted, tokenized, and authenticated, providing peace of mind to users who want to protect their sensitive financial information. Its popularity is a testament to the innovative spirit of Apple, which has always been at the forefront of digital payment technology.
To buy Bitcoin Hong Kong with Apple Pay, you can use Changelly, a well-established online crypto exchange platform.
Download the Changelly app on your iOS smartphone and log in to your account (complete a KYC procedure if you are a first-timer). Then, proceed to the “Buy Crypto” tab and select the amount of Bitcoin you wish to get hold of. Next, pick Apple Pay as your preferred payment option from the menu of available funding modes.
Confirm the crypto transaction and wait for the purchased Bitcoin to be transferred to your own wallet, the address of which you need to specify when starting a transaction. With Changelly, you can buy Bitcoin, as well as many other cryptocurrency assets, using Google Pay, with the process being identical to using Apple Pay.
How to Buy Bitcoin from ATM in Hong Kong
Hong Kong is home to over 140 Bitcoin ATMs, helping locals and visitors alike to purchase cryptocurrencies with no sweat. Better even, buying Bitcoin from an ATM in the city is extremely straightforward.
Find a Bitcoin ATM. You can locate a crypto ATM by using a website like Coin ATM Radar. This website has a map of all the HK Bitcoin ATM installations. Once you find a machine, make sure it offers the services you need. The majority of terminals offer a variety of services, such as purchasing Bitcoin, selling Bitcoin, making card deposits & cash deposits, as well as converting your alternative crypto to fiat.
Verify your identity. Before you can purchase Bitcoin from an ATM, you need to verify your identity. Depending on the machine type, approaches to checking your identity may vary as per the following:
Mobile phone verification. The ATM may ask you to provide a valid mobile phone number, which will be used to send you a verification code.
KYC/AML verification. The automated teller machine may require you to complete Know Your Customer (KYC) and Anti-Money Laundering (AML) attestation. This process involves submitting personal information, such as your full name, address, and ID documents.
Facial recognition. Some crypto ATMs have built-in cameras that use facial recognition technology to check your personality.
Biometric verification. Other crypto ATMs use biometric verification methods, such as fingerprints or palm prints, to verify your identity.
Choose your purchase amount. Once you are verified, select the amount of Bitcoin you want to purchase. Most ATMs have preset denominations, such as HKD 500 or 1000, but some allow you to enter a custom amount of money.
Insert cash or card. If you are using cash, insert the bills into the ATM. Some ATMs also accept credit or debit cards. Follow the on-screen instructions to complete your crypto purchase.
Receive your Bitcoin. The machine will ask you to show the QR code of your Bitcoin address. So make sure you have your BTC address ready on your mobile device or printed out on paper. You can find your Bitcoin address in your cryptocurrency wallet app or on your online exchange account. The terminal will read the QR code and ask you to confirm the transaction terms. Check the details carefully before finalizing it. Once you approve, the machine will send Bitcoin to the indicated destination, and you will receive a confirmation message on the screen.
Note that Bitcoin ATMs may come with fluctuating transaction fees that may be higher than what you'd pay on online exchanges. So, take a moment to acquaint yourself with the fee structure before using the machine. Moreover, some crypto ATMs may put a ceiling on the amount of Bitcoin you can purchase in a day, so it's always a good idea to check the limits beforehand, especially if you're planning on buying a chunky amount of cryptocurrency.
How to Buy Bitcoin with PayPal
Although PayPal is now supporting cryptocurrency trading in certain territories, including the USA, Hong Kong retail investors cannot buy BTC directly from this system. However, Hong Kong users can still buy Bitcoin from cryptocurrency trading platforms that support PayPal as a payment method. Some popular websites that offer this opportunity include eToro and Paxful.
When buying Bitcoin using PayPal balances, there is one consideration you want to bear in mind – the possibility of chargebacks. Chargebacks occur when a buyer disputes a transaction with PayPal, claiming that they did not receive the goods or services they paid for. This can be a problem for Bitcoin sellers, who may have already transferred Bitcoins to the buyer's wallet before the chargeback is reported. In such cases, the seller may end up losing both the Bitcoin and the PayPal funds received for the transaction.
It's vital to understand the risk involved and take steps to protect yourself, such as only trading Bitcoin with reputable buyers or using a trusted escrow service.
How to Buy Bitcoin with Prepaid Card
Buying Bitcoin Hong Kong with a prepaid card is a popular option among many crypto enthusiasts. Thankfully, several exchanges and online platforms allow you to do so. Before you can make a purchase, you'll need to verify your account by providing a valid ID and proof of residency. Once your account is verified, you can link your prepaid card and buy Bitcoin.
Prepaid cards are a great solution for buying cryptocurrencies in Hong Kong because they offer convenience, security, and flexibility. You can easily load funds onto the card and use it to make purchases or trades on cryptocurrency exchanges.
Since the card is pre-loaded with a certain amount of money, you can avoid overspending or going into debt. Besides, prepaid cards often come with built-in security features, such as PIN codes or biometric authentication, which helps to protect user funds from theft or fraud. Finally, prepaid cards can be used online or in-person, which gives you the flexibility to buy cryptocurrencies from anywhere at any time.
How to Buy Bitcoin with Cash in Hong Kong
There are different approaches to purchasing Bitcoin with cash in the wondrous city of Hong Kong.
P2P Marketplaces
Peer-to-peer (P2P) marketplaces are platforms where buyers and sellers can trade Bitcoin without the involvement of a third party. Paxful is a well-known P2P marketplace that operates in Hong Kong. To buy Bitcoin with cash through it, simply create an account on the website, search for a seller who accepts cash, and arrange a meeting to make the trade. Western Union is also an option for payment on Paxful.
Over-the-Counter Trading
Over-the-counter (OTC) trading is another tactic to purchase BTC with cash in HK. OTC trading is a direct transaction between a buyer and a seller, and it is usually done in large amounts. OTC trading is popular among high net worth individuals and institutional investors. OTC desks such as Circle, Genesis Trading, and Itbit offer their services in Hong Kong. To buy Bitcoin through an OTC desk, you need to contact the desk directly and negotiate the terms of the trade.
Bitcoin ATMs
Bitcoin ATMs have been gaining popularity in Hong Kong, and they offer a convenient way to purchase an array of popular cryptocurrencies with hard cold cash. Bitcoin ATMs are similar to traditional ATMs, but they allow users to buy crypto with fiat money in the real world. Users can deposit cash into the machine and get Bitcoin credited to their wallet in return. Some popular Bitcoin ATM providers that operate in Hong Kong are Genesis Coin, Lamassu, and General Bytes.
Bitcoin Voucher
You can buy Bitcoin vouchers from selected retail stores in Hong Kong. These vouchers can be redeemed for Bitcoin on some cryptocurrency exchanges. Bitcoin vouchers typically have a set value, such as HKD 500 or HKD 1,000, and can be purchased with cash or a credit card at participating retailers, such as 7-Eleven stores, Circle K, and other convenience stores. Once you have a Bitcoin voucher, you'll need to find a cryptocurrency exchange that accepts it as a form of payment. Some exchanges that support Bitcoin vouchers in Hong Kong include Coincola and Paxful.
When redeeming your voucher, you'll usually need to enter the unique code printed on it into the exchange's website or mobile app. The platform will then credit your account with the corresponding amount of Bitcoin, minus any fees.
Overall the Best Crypto Exchange to Buy Bitcoin in Hong Kong
Changelly is a smart choice when you want to buy Bitcoin (BTC) in Hong Kong securely and conveniently. Our user-friendly cryptocurrency exchange lets users purchase hundreds of cryptocurrencies, using a wide range of everyday payment methods, such as a credit card, debit card, and mobile phone payments, among others.
Changelly has joined forces with some of the most trusted fiat-to-crypto vendors on the planet, opening the door for customers across the globe to easily purchase Bitcoin and other coins. Among these esteemed vendors are Simplex, Indacoin, MoonPay, and Banxa, to name a few. By partnering with these esteemed companies, Changelly is determined to provide users with a vast array of payment options, enabling them to effortlessly buy cryptocurrencies using their regional currencies.
No matter where you reside, whether it be in Europe, Asia, or America, these partnerships allow you to indulge in the convenience and safety of purchasing cryptocurrencies in your own fiat money, such as the Hong Kong Dollar (HKD).
Changelly has also earned a well-deserved reputation for its exceptional service. Our seamless, fast, and secure transactions are the talk of the town. The exchange rates are highly competitive, and the transaction fees are some of the lowest in the whole industry, to benefit both beginners and experienced traders.
If you take your security seriously, then you'll be pleased to know that Changelly has your back with cutting-edge security measures that guarantee the protection of user funds. And our exceptional customer support crew is at your service around the clock to resolve your issues and guide you through your crypto trading journey. With an exemplary track record of commitment to customer satisfaction, it's no surprise that Changelly is one of the best platforms for purchasing Bitcoin, and lots of other cryptos, in HK.
Can Foreigners Buy Bitcoin in Hong Kong?
Yes, foreigners can buy Bitcoin in Hong Kong. HK has a thriving crypto market and many local crypto exchanges, such as Bitfinex, ANXPRO, and Gatecoin, operate in the city. However, non-residents should be aware of the legal and regulatory environment surrounding cryptos in Hong Kong. The Hong Kong government has not yet regulated Bitcoin, but the city’s financial regulator, the Securities and Futures Commission (SFC), has issued warnings to the public about the risks associated with investing in digital currencies. As with any investment, it is important for foreigners to do their research and exercise caution when buying crypto assets in this region.
Who Accepts Bitcoin in Hong Kong?
Hong Kong is considered as a major crypto hub in Asia, and it has a thriving cryptocurrency and blockchain industry. It is known for its relatively relaxed regulatory environment for cryptocurrencies and blockchain technology, which has made it a popular destination for blockchain startups and the cryptocurrency community. Some of the world's largest cryptocurrency exchanges, including Changelly, Binance and Bitfinex, have their roots in Hong Kong.
Lots businesses now accept Bitcoin in Hong Kong as a valid form of payment, which testifies to the mainstream adoption of crypto in the region. Here is a roundup of retailers and service providers to spend your Bitcoin wealth in HK:
Pricerite – a furniture and home accessories store.
FAMA – a farm-to-table restaurant in Hong Kong that accepts Bitcoin payments for meals.
TSL Jewellery – a high-end jewelry store that accepts Bitcoin payments for their products.
Bitrefill – a mobile top-up and gift card provider.
The Coffee Academics – a coffee shop chain with multiple locations in Hong Kong.
Okra Hong Kong – a popular restaurant lets diners pay in cryptocurrency.
Pizzahut – the popular pizza chain accepts Bitcoin payments for online orders.
Hong Kong Broadband Network – one of the largest telecom providers in Hong Kong accepts crypto payments for its services.
Cheung Kong (Holdings) Ltd – a major property developer in the city accepts Bitcoin for property rental payments.
Kowloon Motor Bus – the city's largest bus operator accepts BTC payments for bus fares.
Cafe de Coral – a popular fast-food chain in Hong Kong accepts Bitcoin payments at some of its locations.
University of Nicosia – the university's Hong Kong campus takes Bitcoin for tuition fees.
ANXPRO – a Bitcoin debit card provider in Hong Kong that allows users to spend Bitcoin at any merchant that accepts Visa.
How to Cash Out Bitcoin in Hong Kong?
Selling Bitcoin back to fiat is a common transaction that many people make after they have invested in BTC. If you are willing to trade Bitcoin to your local currency, there are many paths you may follow:
Bitcoin ATM. There are dozens of Bitcoin ATMs in Hong Kong where you can sell BTC assets for cash instantly.
P2P Exchange. P2P networks like Hodl-Hodl and Paxful allow you to sell Bitcoin directly to another person in the specific area. You can set your own exchange rate, trade volume, and payment mode, choosing to receive payment in cash or through a bank transfer.
Bitcoin Debit Card. Bitcoin debit cards like BitPay and Wirex allow you to convert your BTC into Hong Kong dollars and spend them wherever debit cards are welcome.
Cryptocurrency Exchange. You can also sell Bitcoin on cryptocurrency exchanges like Changelly. Many exchange platforms come equipped with off-ramp functionality, allowing you to convert your Bitcoin into the desired fiat currency and withdraw money to your bank account, card, or e-wallet.
Over-the-Counter (OTC) Trading. OTC trading desks like Genesis Trading and Cumberland allow you to sell large amounts of Bitcoin directly to institutional investors in Hong Kong.
Gift Cards. You can also use Bitcoin to purchase gift cards from platforms like Bitrefill and Gyft, which can then be redeemed for goods and services in different retailers in Hong Kong.
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