LocalBitcoins Popular. Andrew Munro is the global cryptocurrency editor at Finder. The easiest way to buy bitcoin in Hong Kong is probably to use a reliable and simple bitcoin broker service.
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Want to kojg 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 ojline have to do is pick one that suits your needs, follow the steps provided and transfer supported fiat currency, or cryptocurrency for bitcoin. Now that cryptocurrencies have been around for a while, you can simply buy bitcoin almost like anything. It really is as easy as .
You keep hearing about it, but what exactly is bitcoin and how do you buy it? Read on for finder’s definitive guide.
The options on how to buy Bitcoin can be overwhelming at first. 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, 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 become 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
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 do is pick one that suits your needs, follow the steps provided and transfer supported fiat currency, or cryptocurrency for bitcoin.
Now that cryptocurrencies have been around for a while, you can simply buy bitcoin almost like anything. It really is as easy as. Just like any other business, there will always be some shady operators. A full-feature exchange that lets you set limit orders, and do more all round than simply trade at current market value can be exceptionally useful with an asset as volatile as bitcoin.
The cheapest way is probably to charge bitcoin for goods or services, or receive bitcoin donations. But the most cost-effective way to buy bitcoin might be to purchase from an exchange during a slump in the market. The fastest way is probably to use a service that does not require verification.
Other than LocalBitcoins, simple in-person exchanges such as Mycelium Local Trader enable you to avoid platform fees and disclosing your identity. The easiest way to buy bitcoin in Hong Kong is probably to use a reliable and simple bitcoin broker service. Some will even let you pay cash over the counter in a bank, or at a Smart ATM.
For users, bitcoin works the same as any other currency. Just like using your credit card or making a transfer for an international transaction, using a bitcoin exchange allows you to send a certain currency digitally to someone. The bitcoin network works by using a public ledger called the blockchain. The value of bitcoin is established much the same as any other currency, with the exact value depending on the number of people using bitcoin and the number of bitcoin in circulation.
The value of bitcoin can also be affected by relatively small events, trades or business activities. There is also no need for a merchant account to be set up in order to receive payments. The table below outlines some other global platforms which facilitate the purchase, exchange and sale of bitcoin. Andrew Munro is the global cryptocurrency editor at Finder.
After previously writing about insurance and other areas, he now covers the latest developments in digital assets and blockchain and works on Finder’s comprehensive range of guides to help people understand cryptocurrency. Click here to cancel reply. Optional, only if you want us to follow up with you. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
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Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Navigate Cryptocurrency Getting Started What is cryptocurrency?
Where to buy cryptocurrency Cryptocurrency wallets Bitcoin mining Cryptocurrency news. Andrew Munro. You keep hearing about it, but what exactly is bitcoin and how do you buy it? There are two main ways to buy bitcoin in Hong Kong. Use a bitcoin broker. This is probably the easiest way to buy bitcoin.
If you just want to get it done quickly and easily, and have no plans to become a cryptocurrency trader, then this might be the way to go. The downside is that convenience comes at a cost, and you pay a bit more for the brokerage services. Buy from an exchange.
Cryptocurrencies like bitcoin are traded on exchanges. If you want to buy bitcoin as cost-effectively as possible, or plan on doing more trading in future, then choosing a reliable exchange might be what you want to. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Quick-start guide: How to buy bitcoin as fast as possible. Get a wallet. This can be done as easily as downloading it to your computer or phone.
Use a no-verification-required bitcoin service, such as LocalBitcoins. That seems too easy. Cryptocurrency Bank Wire. Cryptocurrencies are a highly volatile investment product. Your capital is at risk. Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Go to site View details. Disclaimer: Highly volatile investment product. You should consider whether you can afford to take the high risk of losing your money. Copy the trades of leading cryptocurrency investors on this unique social investment platform. Coinmama Cryptocurrency Marketplace. Binance Cryptocurrency Exchange. Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service.
If you’re interested in margin trading, see authorised providers. Kraken Cryptocurrency Exchange. Buy, sell and trade a range of digital currencies on this high-liquidity exchange — suitable for beginners right through to advanced traders.
UK residents: In addition to normal crypto trading, Kraken offers margin lending. BitBay Cryptocurrency Exchange. BC Bitcoin Cryptocurrency Broker. BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than different cryptocurrencies.
IO Cryptocurrency Exchange. KuCoin Cryptocurrency Exchange. Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency. Bibox Cryptocurrency Exchange.
Trade crypto to crypto with a choice of over 60 currencies on this global exchange based in China. CoinSwitch Cryptocurrency Exchange.
Credit card Cryptocurrency. CoinSwitch allows you to compare and convert over buy bitcoin hong kong online across all exchanges. Changelly Crypto-to-Crypto Exchange. Credit card Debit card. Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange. Remitano P2P Cryptocurrency Exchange. Bank transfer Cryptocurrency. A peer-to-peer exchange where users can trade bitcoin and select major altcoins with several fiat currency options.
YoBit Cryptocurrency Exchange. Cointree Cryptocurrency Exchange — Global. Paxful P2P Cryptocurrency Marketplace. Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than other payment methods.
OKEx Cryptocurrency Exchange. Bank transfer Cryptocurrency WeChat. Listing over cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose. View details. Indacoin Cryptocurrency Exchange. Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity. Huobi Cryptocurrency Exchange. Huobi is a digital currency exchange that allows its users to trade more than cryptocurrency pairs.
Bithumb Cryptocurrency Exchange.
Bitcoin (BTC) Volumes in Hong Kong Soar on LocalBitcoins
Buying Bitcoin in Hong Kong
This buy bitcoin hong kong online guide will show you how to use Coinmama. Bitstamp Bitstamp is a cryptocurrency exchange based in Slovenia. However, some exchanges might require you to get a cryptocurrency wallet first in order to store the Bitcoin purchased. You can fund your exchange account online via bank transfer. There is also no need for a merchant account to be set up in order to receive payments. We may receive compensation when you use CEX. Cryptocurrency Bank Wire. LakeBTC is one of the top 15 global exchanges based average daily trading volume. Buying bitcoins via an in-person klng, secured and long by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country. The Bitcoin are held in escrow by the exchange. Huobi is the third largest Bitcoin exchange in China. Use a bitcoin broker. Localbitcoins Localbitcoins is a peer-to-peer exchange managed from Finland. Was this content helpful to you?
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