Why Buy Bitcoin in Hong Kong?
As a global financial hub, Hong Kong offers a crypto-friendly environment with clear regulations and growing institutional adoption. Residents benefit from easy access to both local and international exchanges, competitive fees, and multiple payment options like bank transfers and the Faster Payment System (FPS). Whether you’re diversifying your portfolio or exploring decentralized finance, Bitcoin remains a popular choice.
How to Buy Bitcoin in Hong Kong: 5 Simple Steps
- Choose a Licensed Exchange
Opt for platforms like OSL or HashKey (SFC-licensed) for compliance, or global exchanges like Binance for lower fees. - Create and Verify Your Account
Provide ID, proof of address, and enable two-factor authentication (2FA) for security. - Deposit HKD
Use FPS for instant transfers, bank deposits, or credit/debit cards (3-5% fees). - Purchase Bitcoin
Buy instantly at market price or set limit orders. Minimum purchases start at HK$100. - Secure Your Bitcoin
Transfer to a hardware wallet (e.g., Ledger) or non-custodial wallet like MetaMask.
Top 5 Bitcoin Exchanges in Hong Kong
- OSL: Fully SFC-licensed, ideal for large investors
- HashKey Exchange: Supports 20+ cryptos, HKD deposits via FPS
- Binance: 0.1% trading fees, 500+ cryptocurrencies
- Gate.io: Low 0.2% fees, staking options
- Coinbase: User-friendly, insured custodial wallets
Key Risks to Consider
- Price volatility (30%+ monthly swings common)
- Exchange hacks – use cold storage
- Regulatory changes under Hong Kong’s new licensing regime
FAQ: Buying Bitcoin in Hong Kong
Is Bitcoin legal in Hong Kong?
Yes. Hong Kong allows crypto trading through SFC-licensed exchanges since June 2023.
Are crypto profits taxed?
No capital gains tax, but consult a tax professional for business-related transactions.
How long does buying take?
Instant purchases after account verification (1-3 business days).
Can I buy Bitcoin with cash?
Yes – use P2P platforms like Paxful for in-person HKD cash trades.
What’s the minimum investment?
Most exchanges allow purchases from HK$100 upwards.
