We found 11 online brokers that are appropriate for Trading Hong Kong Bitcoin Investment Platforms.
In the last month of the turbulent year that was 2020, Hong Kong finally granted the very first license to a crypto trading platform through the country's Securities and Futures Commission (SFC). While its permissions are still limited, and tight regulations are applied to its usage, the decision has marked the beginning of the development for trading digital currency in Hong Kong.
Previously, crypto exchange or trading platforms were not allowed to be registered as businesses. However, new regulations now apply to all centralised exchanges that wish to operate domestically in the country. Purchasing Bitcoin is generally a less risky option than selling it, but the digital currency still possesses no legal status as a viable financial tender. However, the recent SEC regulation provides a new path for the government to protect domestic crypto investors.
Regardless of some key limitations, there are three major ways Hong Kong citizens can purchase Bitcoin. Whichever method you choose to use, you should only have Bitcoin sent to your digital wallet, regardless of the exchange service you use. Generally speaking, instant purchases are riskier than if you buy Bitcoin via bank transfer, which takes a longer time to complete. Check out the ways in which you can purchase Bitcoin in Hong Kong below.
First of all, you will need to set up a Bitcoin wallet for your trading device. A software wallet will provide greater accessibility to your funds, while a hardware wallet provides increased security. Either way, choosing a reputable wallet vendor is key and you must set up your digital wallet on your own. Although you should keep your private keys hidden from other users, you can share your public key which contains your wallet address. Your wallet is where you can transfer Bitcoin to and from. Make sure to research how you can recover your wallet if you happen to lose it.
Several Hong Kong citizens prefer buying Bitcoin in person as a result of bank's resistance to the digital currency. There are some websites that allow you to buy cryptocurrency from local sellers, yet they do nt intermediate the process in the way that exchange platforms might. Instead, you are likely to have to set a meet up for buying and selling the Bitcoin in person. Finding trusted sellers and maintaining clear communication are two major risks when buying Bitcoin in person.
Despite its limitations, the popularity of Bitcoin is ever-increasing. You might be surprised that the country has tens of Bitcoin ATMs throughout its districts. This makes purchasing Bitcoin with an ATM in Hong Kong more common than any other place in the world. The purchasing process takes less than one minute and remains anonymous. However, as you might expect, purchasing Bitcoin through an ATM is very expensive, primarily due to high transaction fees of typically more than 5%. Hong Kong Bitcoin ATMs usually only accept HKD.
Using SEC-regulated crypto exchange might be the cheapest and most convenient way in which to buy Bitcoin in Hong Kong. Even though account set up and verification processes may take several days through this method, transactions will be processed instantly. You will need to verify your ID and residential address when setting up your account.
Even though it is a legitimate way to purchase Bitcoin, never store any purchased digital currency within an exchange platform for a long period of time. It is advised that you withdraw your coins to your wallet as this is the safest way to store any Bitcoin you have purchased. However, Hong Kong Bitcoin buyers are currently limited to only a few options for regulated crypto exchanges, but this might change in the near future.
You can also use a brokerage service or a renowned over-the-counter (OTC) exchange. These services allow you to buy or sell Bitcoin through a trading hub or money transfer app. OTC typically facilitates a quick quote on a limited number of Bitcoins on a single trade. Brokerage firms currently offer a wider variety of payment options than exchange platforms. It is wise to purchase Bitcoin through this method as you will be able to find OTCs locally, while some of them even have a Hong Kong-based office you can visit. There are also smaller OTC vendors throughout the country.
Despite access to locally regulated exchanges, Hong Kong citizens also have the option of choosing overseas exchange platforms. While these are generally more expensive, a trader may find overseas platforms to offer a more reliable service. However, Hong Kong authority will be unable to step in and help a financial dispute if you choose this option as these exchanges are not regulated by their own authorities.
Peer-to-peer exchange works in a similar way to purchasing Bitcoin in-person, except that the buyer and seller meet on an online platform. The transaction of Bitcoin in this scenario is subject to both sides being compliant. The platform only directs trade between interested buyers and offering sellers. Be sure to use the escrow option in order to hold your purchased Bitcoin and avoid fraudsters. If you decide to use peer-to-peer exchange, try to find one that supports HKD payment.
We have conducted extensive research and analysis on over multiple data points on Bitcoin Hong Kong to present you with a comprehensive guide that can help you find the most suitable Bitcoin Hong Kong. Below we shortlist what we think are the best Hong Kong Bitcoin Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Bitcoin Hong Kong.
Selecting a reliable and reputable online Hong Kong Bitcoin Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Hong Kong Bitcoin Investment Platforms more confidently.
Selecting the right online Hong Kong Bitcoin Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Hong Kong Bitcoin Investment Platforms trading, it's essential to compare the different options available to you. Our Hong Kong Bitcoin Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Hong Kong Bitcoin Investment Platforms broker that best suits your needs and preferences for Hong Kong Bitcoin Investment Platforms. Our Hong Kong Bitcoin Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Hong Kong Bitcoin Investment Platforms.
Compare Hong Kong Bitcoin Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Hong Kong Bitcoin Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Hong Kong Bitcoin Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Hong Kong Bitcoin Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Hong Kong Bitcoin Investment Platforms that accept Hong Kong Bitcoin Investment Platforms clients.
Broker | IC Markets | XTB | Pepperstone | AvaTrade | EasyMarkets | SpreadEx | FXPro | Plus500 | Admiral | webull | tradezero |
---|---|---|---|---|---|---|---|---|---|---|---|
Rating | |||||||||||
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FINRA) | Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | No minimum deposit | 200 | 100 | 100 | 1 | 100 | 100 | 200 | 50 | 500 |
Funding |
|
|
|
|
|
|
|
|
|
|
|
Used By | 180,000+ | 1,000,000+ | 400,000+ | 300,000+ | 142,500+ | 10,000+ | 1,866,000+ | 24,000,000+ | 10,000+ | 5,000+ | 2,000+ |
Benefits |
|
|
|
|
|
|
|
|
|
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
Support |
|
|
|
|
|
|
|
|
|
|
|
Learn More |
Sign
Up with icmarkets |
Sign
Up with xtb |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
Sign
Up with plus500 |
Sign
Up with admiralmarkets |
Sign
Up with webull |
Sign
Up with tradezero |
Risk Warning | Losses can exceed deposits | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk | Your capital is at risk |
Demo |
IC Markets Demo |
XTB Demo |
Pepperstone Demo |
AvaTrade Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Plus500 Demo |
Admiral Markets Demo |
Webull Demo |
TradeZero Demo |
Excluded Countries | US, IR, CA, NZ, JP | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | US, CA, JP, SG, MY, JM, IR, TR | UK, AU, SA, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX | US, IN, PK, BD, NG , ID, BE |
You can compare Hong Kong Bitcoin Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Hong Kong Bitcoin Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Hong Kong Bitcoin Investment Platforms below.