What Is Bitcoin?
Bitcoin is a decentralized digital cryptocurrency generated electronically and transferred via a peer-to-peer network. Since its emergence in 2013, Bitcoin has become the most valuable, widely recognized, and sought-after digital currency globally.
Key characteristics of Bitcoin include:
Peer-to-Peer Network
- Operates without central authority, ensuring geographical and political independence.
Scarcity
- Capped at 21 million coins, mimicking precious metals' rarity and enhancing its store-of-value potential.
High Utility
- Accepted for online/offline purchases, investments, and cross-border transfers via digital wallets.
Security & Privacy
- Transactions are encrypted via blockchain technology, stored across thousands of computers, and require no personal data disclosure.
How to Trade Bitcoin
1. Physical Bitcoin
- Pros: Collectible, tangible, and often made from precious metals.
- Cons: Low liquidity; value drops once the sealed Bitcoin is redeemed.
2. Bitcoin ETFs
- Track Bitcoin’s price via futures (e.g., Hong Kong-listed ETFs like Bosera HashKey Bitcoin ETF [3008]).
3. Spot Contract CFDs
- Profit from price fluctuations with high leverage (up to 100x). Example: BTC/USD CFD.
4. MicroStrategy (MSTR) Stock
- This firm holds ~506,137 BTC (avg. cost: $66,384.56/BTC). Buying MSTR indirectly invests in Bitcoin.
How to Buy Bitcoin in Hong Kong
👉 Top 3 Bitcoin Exchanges Compared
Licensed Trading Platforms
| Platform | Trading Fee | Commission | Platform Fee |
|--------------------|----------------|----------------|------------------|
| OSL Exchange | Free | 0.30% | 0.05% monthly |
| HashKey Exchange | Free | 0.29% | None |
| Futu Securities | 0.08% | Free | Free |
(*Promotional rates apply.)
Bitcoin Trading Fee Comparison
OSL Exchange
- Physical BTC: Free
- Commission: 0.3% + 0.05% monthly fee
HashKey Exchange
- Physical BTC: Free
- Commission: 0.29% (no platform fee)
👉 Best Low-Fee Platform for Beginners
FAQ Section
Q1: What is Bitcoin?
A: A decentralized digital currency secured by blockchain, enabling private, borderless transactions.
Q2: How can I trade Bitcoin?
A: Via physical coins, ETFs, CFDs, or stocks like MicroStrategy (MSTR).
Q3: Where to buy Bitcoin in Hong Kong?
A: Licensed platforms (OSL, HashKey) or brokers (Futu, Tiger Brokers).
Q4: What’s Bitcoin’s current price?
A: ~$84,740.75 USD ($661,312 HKD).
Final Tips
- Diversify: Mix ETFs and direct holdings to balance risk.
- Secure Wallets: Use hardware wallets for long-term storage.
- Stay Updated: Monitor regulatory changes in Hong Kong.