Beginner’s Guide: How to Buy Bitcoin in Hong Kong Easily and Affordably

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Bitcoin has become a household name, yet many Hong Kongers still wonder where to buy cryptocurrencies safely. Purchasing Bitcoin in Hong Kong is now simpler than opening a bank or brokerage account, with cash-out options being equally convenient.

The most cost-effective method involves buying stablecoins like USDT first, then converting them to Bitcoin via BTC/USDT trading pairs on exchanges. USDT, widely regarded as the "crypto version of USD," is traded across numerous platforms with minimal spreads.

Below, we break down the top platforms and their unique features to help beginners navigate the market.


1. Binance

Binance is a must-have exchange for cryptocurrency trading, offering the most affordable and user-friendly experience. As the world’s largest and most reputable exchange, it’s ideal for spot trading, futures, and earning interest.

Key Features:

👉 Explore Binance P2P for low-fee trading

Binance also hosts an active Chinese Telegram community: t.me/BinanceChinese.


2. AAX

AAX is a Hong Kong-based exchange powered by the London Stock Exchange Group’s trading engine. Its clean interface and local presence (AIA Tower office) make it beginner-friendly.

Key Features:


3. Huobi

A top-tier Chinese exchange, Huobi supports leverage trading and offers its native token (HT) with perks like airdrops and fee discounts.

Key Features:

👉 Compare Huobi’s OTC rates


4. Tidebit

A local Hong Kong exchange with physical offices (Chai Wan, Jordan, Wan Chai).

Key Features:


5. Wirex Card

A UK-based Visa card for spending crypto and earning BTC cashback.

Key Features:


Other Options:

  1. Genesis Block: OTC for trades over HKD 100,000 (5k minimum).
  2. BitStamp: Legacy platform (USD wire transfers).
  3. Bitcoin ATMs: High fees, no KYC (e.g., Nitroswap).
  4. MyEthShop: Local KYC-required trading.
  5. OTCXPERT/TakeONE: Cash-focused OTC shops in TST.

FAQs

Q1: Is buying Bitcoin legal in Hong Kong?

Yes, Hong Kong permits cryptocurrency trading, but exchanges must comply with AML/KYC laws.

Q2: Which platform has the lowest fees?

Binance P2P typically offers the lowest spreads (~$0.02).

Q3: Can I sell Bitcoin for cash instantly?

Yes, via P2P platforms (Binance, Huobi) or OTC shops (Genesis Block).

👉 Start trading Bitcoin securely today


Disclaimer: This content is for educational purposes only. Cryptocurrency investments are volatile; conduct independent research before trading.


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