How to Buy Bitcoin (BTC) in Hong Kong | Transak (2024)

FAQs

How to Buy Bitcoin (BTC) in Hong Kong | Transak? ›

Buy Bitcoin in Hong Kong in 5 Easy Steps

Coinbase is the easiest place to buy and sell cryptocurrency in Hong Kong. Sign up and get started today.

Under Hong Kong law, cryptocurrencies are not legal tender regulated by the HKMA and do not qualify as money. There is currently no digital asset that is backed by the Hong Kong government.

Hong Kong Bitcoin ATM

COINHERO has a multitude of conveniently located Bitcoin and Crypto ATMs spanning across Hong Kong. In part with our mission to fuel the mass adoption of Cryptos, Bitcoin ATMs provide a great way for new users to acquire digital assets with a low barrier to entry.

Its retreat from the market leaves Binance as the only major crypto player founded in China that does not have an affiliate or subsidiary pursuing a VATP licence in Hong Kong.

Using a cryptocurrency exchange is my go-to on-boarding and off-boarding ramp to buy and sell Bitcoin in Hong Kong. There are several key ways to buy Bitcoin in Hong Kong via a cryptocurrency exchange such as Binance, OKX, or Huobi.

Current Hong Kong dollar coins and banknotes

The Hong Kong government is in charge of minting coins. Currently, we have coins of 10, 20, and 50 cents and 1, 2, 5 and 10 dollars.

Which countries Cannot use Coinbase? ›

Coinbase NFT is supported in all countries except Singapore and any country restricted by the Office of Foreign Assets Control (OFAC).

You can buy crypto with USD, EUR, or GBP, using a credit or debit card.

The four main ways to buy bitcoin are through Bitcoin wallet apps like the Bitcoin.com Wallet app, through Bitcoin.com website, through brokerages like eToro (buy Bitcoin on eToro here),* and through cryptocurrency centralized exchanges (CEXs) like Kraken.

Binance Review

Binance is particularly noted for its low fees and high liquidity, making it a preferred choice for both retail and institutional traders. For traders in Hong Kong, Binance is an excellent platform due to its extensive range of supported cryptocurrencies and payment methods.

Hong Kong. For taxpayers in Hong Kong, so long as an individual's crypto activities are considered investments, no capital gains tax is applied.

“Binance is a global platform and does not actively market to the public of Hong Kong or operate in Hong Kong,” a spokesperson told DL News.

You can buy crypto with Blockchain.com Pay in Exodus. Blockchain.com Pay is available in over 100 countries. You can buy crypto with USD, EUR, or GBP, using a credit or debit card.