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've collected thousands of datapoints and written a guide to help you find the best Bitcoin Hong Kong for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Hong Kong Bitcoin Investment Platforms below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Hong Kong Bitcoin Investment Platforms trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Hong Kong Bitcoin Investment Platforms.
Compare Hong Kong Bitcoin Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees 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 |
eToro
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XTB
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AvaTrade
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Plus500
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EasyMarkets
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SpreadEx
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City Index
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Markets.com
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Admiral
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FXPro
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Trade.com
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Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC) |
Min Deposit | 200 | No minimum deposit | 250 | 100 | 100 | 1 | 25 | 250 | 200 | 100 | 1 |
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Used By | 20,000,000+ | 250,000+ | 200,000+ | 15,500+ | 142,500+ | 10,000+ | 14,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
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Up with tradecom |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 79% 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. | 72% of retail investor accounts lose money when trading CFDs with this provider | 72% 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. | Your capital is at risk | Losses can exceed deposits | 75% of retail investor accounts lose money when trading CFDs with this provider | 84% 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 |
eToro Demo |
XTB Demo |
AvaTrade Demo |
Plus500 Demo |
easyMarkets Demo |
SpreadEx Demo |
City Index Demo |
Markets.com Demo |
Admiral Markets Demo |
FxPro Demo |
Trade.com Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US | US, TR | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW | AU, RU, BR, CH, ZA, SG, JP, US, CA, BE, IL, TR, NZ, MY, SY, TH, ID, IR, IQ, HK, PH, PR | US, CA, JP, SG, MY, JM, IR, TR | US, IR, CA | AU, BE, CA, CN, Crimea region, CY, CU, of CG, ER, HK, GW, IQ, IR, JP, IL, LY, NZ, CY, KR, PR, SG, SO, SD, SYn Arab, TR, US, VI, US |
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 2021 article further below. You can see it now by clicking here
We have listed top Hong Kong Bitcoin Investment Platforms below.