last updated: 2019-04-08 version history

Buying Bitcoin in Hong Kong

The options on how to buy Bitcoin can be overwhelming at first. Unlike with centralized systems like Alipay or Paypal there is no ‘official’ way to fund your accounts, and fees vary across services and locations. As a rule of thumb, the more convenient and fast a HKD -> Bitcoin exchange is, the higher the fees are.

Compared with selling Bitcoin, there is little fraud risk associated with buying. Unfortunately Bitcoin still does not have the legal status in Hong Kong that it deserves, and banks are reluctant to deal with companies and individuals associated with Bitcoin. In this environment it is easy for scammers to attempt to defraud you of your Dollars or Bitcoin in certain kinds of transactions.

HK Bitcoin ATM


In Person

As banks are more aggressively acting against Bitcoin companies, trading bitcoin in person has become more popular again in Hong Kong recently. The website as well as the Android app Mycelium can be used to find people in Hong Kong to meet up with. If you just need a few dollars worth to ‘try it out’ or ‘play with’ or need help setting up or operating your wallet, you will likely find somebody to trade at the regular Bitcoin meetups.

The exchange Ignite OTC recently opened an in-person trading desk at G/F, Chungking Mansions, Tsim Sha Tsui. Bitcoin can safely be bought and sold against HKD at a reasonable spread.

Some OTC exchanges (see below) also deal with cash deposits and withdrawals. Clarify with your exchange or traders beforehand what currencies, notes and payment forms they accept.

Bitcoin ATMs

The most convenient way to buy Bitcoin is an ATM. Usually you only need to show the ATM the QR code of your Bitcoin address, insert bank notes and confirm the exchange rate. The process takes less than 30 seconds, is anonymous but can cost up to 5% in fees. Prepare your wallet ahead of time, and bring exact change. ATMs generally accept only HKD bank notes.

Bitcoin ATMs are located at:


President Commercial Centre, Shop 322, 3/F, 608 Nathan Road, Mong Kok
S Tattoo Studio, 1/F, Reclamation Street 470F, Mong Kok
Presidential Commercial Centre, W Plaza, CHIC之堡, Shop 113, 602-608 , Nathan Road, Mong Kok
Sin Tat Plaza, S32, 2/F, 83 Argyle Street, Mong Kok
Metro Sham Shui(深之都), Shop 038, 3/F, Kam Wah Mansion, 226-242 Cheung Sha Wan Rd, Sham Shui Po
Metro Sham Shui(深之都), Shop 160, 2/F, Kam Wah Mansion, 226-242 Cheung Sha Wan Rd, Sham Shui Po
Nathan Hotel, 387 Nathan Road, Starbucks Coffee, Yau Ma Tei
Prudential Hotel, The Lobby, 222 Nathan Road, Jordan
Solo Building, Shop 1216, 12/F, 41-43 Carnarvon Road, Tsim Sha Tsui
Golden Luzon Agency, G/F, 15 Tit Shu Street, Tai Kok Tsui
Bitwork, Unit 01-04, 7/F, FTLife Tower, No. 18 Sheung Yuet Road, Kowloon Bay
FunTower, 29/F, 35 Hung To Road, Kwun Tong
Tencent WeStart, 6/F, KOHO, 75 Hung To Road, Kwun Tong

Hong Kong

Kwong Kee Building, G/F, , 54-56 Jervois Street, Sheung Wan
Naked Hub, G/F, 40-44 Bonham Strand, Sheung Wan
LBP Hotel, Hollywood Centre 77-91 Queen’s Road West, Sheung Wan
Shing Lee Shopping Arcade, Shop 19, 1/F, 6 Wing Kut Street, Central
On Lok House, G/F, 39 Hollywood Road, Central
Lotus, 5 Staunton Street, Soho, Central
PMQ, Garden Meow, 35 Aberdeen Street, HG01-HG05, G/F, Block B, Central
Zenon Cafe, G/F, 86 Wellington Street, Central
Larry JewelryShop G5, G/F, Bank of America Tower, 12 Harcourt Road, Admiralty
CNT Tower, Room F, 19/F, 338 Hennessy Road, Wan Chai
Genesis Block, U/G, 273 Hennessy Road, Wan Chai
VELA Hotel, 86 Morrison Hill Rd, Morrison Hill, Causeway Bay
City Garden, Shop 31, Maxibase, Block 1-3, 233 Electric Road, North Point
Tidebit, 7/F Sino Favour Centre, 1 On Yip Street, Chai Wan

New Territories

T.Mark, Shop 329, 3/F, 18 Tai Ho Road, Tsuen Wan
23 Mei Wan St, G/F, Tsuen Wan
One Terminal(壹號總站), Shop 14,2 Tsing Shan Square, Tuen Mun
Hang Wai Industrial Centre, G/F, 6 Kin Tai Street, (Entrance at A2 Lift Lobby), Tuen Mun
HK Bitcoin ATM, G/F, 17D Wo Tai Street, Luen Wo Market, Fanling
Regal Airport Hotel, Uni Precious, 2/F, 9 Cheong Tat Rd, Chek Lap Kok

You may also browse for more or less up to date information on the location, uptime and rates of Bitcoin ATMs.

Bitcoin Exchanges

Buying Bitcoin on exchanges is usually the cheapest option in terms of fees and is relatively fast and convenient too. But it often requires a few days to set up an account and get verified, and you can expect exchanges based in Hong Kong to ask for your personal information like ID or address proof before you can start using their accounts. Please note that Bitcoin exchanges are not to be treated as banks. We recommend you to withdraw your coins quickly after your purchase to a wallet you control, and never keep any funds on an exchange for a longer time.

Hong Kong Exchanges

There are currently four exchanges with local Hong Kong bank accounts. Some of these exchanges also accept cash deposits and cheques.

Tidebit Tidebit is the newest of Hong Kong Bitcoin exchanges. You can deposit cash for free or via wire transfer for a 2% fee.

Coinsuper The youngest of Hong Kong’s Bitcoin exchanges accepts only USD deposits into their bank account.

OTC Exchanges

For larger amounts, you can go to an OTC Exchange, or broker. A broker will give you a quick quote for a single trade, usually upwards of 50 BTC. You will be able to sell or buy Bitcoin against a wire transfer.

Gatecoin The international Hong Kong-based exchange Gatecoin also offers OTC trading.

OSL Affiliated with ANX as mentioned above.

Genesis Block Opened in September 2017 in Wan Chai, the Genesis Block functions as an OTC trading hub as well as a co-working and event space.

Circle Trading Circle is a Boston-based financial services firm most popular for their money transfer app. They opened a Bitcoin OTC trading desk in Hong Kong in November 2017.

BitInsightHK Located in Central and was opened in February 2018.

Overseas Exchanges

Some exchanges overseas serve the Hong Kong market. Wire transfers to these exchanges are more expensive, but often more reliable and there is significantly more market depth. Disputes however cannot easily be resolved through the Hong Kong legal system and can quickly become complicated and expensive to resolve.

Quoine Quoine is a Japanese exchange that offers HKD deposits into their Japanese bank accounts and HKD trading.

Gemini Gemini is a New York exchange that specializes on large volumes. It only accepts USD deposits and trading.

Bitstamp Bitstamp is a cryptocurrency exchange based in Slovenia. They accept USD and EUR deposits and withdrawals and welcome Hong Kong customers.

Peer-to-peer Exchanges

Pee-to-peer Exchanges don’t have their own bank accounts. Instead, buyers and sellers interact directly with each other when transfering money. It is up to the user to follow the appropriate Anti-Money-Laundering and Know-Your-Customer rules. The Bitcoin are held in escrow by the exchange. It’s very important to make use of these escrow options and be careful who you interact with.

Paxful Paxful is a peer-to-peer excchange based in Estonia. Hong Kong-based users can trade with each others and use a variety of payment methods including bank wires and deposits, gift cards, Alipay and PayMe.

Localbitcoins Localbitcoins is a peer-to-peer exchange managed from Finland.

Bisq Bisq (formerly Bitsquare) is not a company, and is not run by anybody. Instead it acts as a network of users, which you can join by downloading the Bitsquare software. This software might be experimental at times, but shows promise in leading the way to a truly decentralized future.

Earn Bitcoin

The by far cheapest way to get Bitcoin is to accept them as payment. No matter if you run a business, are employed, do freelance work or your friends owe you money, it may be a good idea to ask for these payments to be made in Bitcoin. Especially online and in international transfers the instantaneous and near-free Bitcoin transactions are far superior to other means.

If you have a business, you can consider accepting Bitcoin as a form of payment. Learn all about it here.

Feel free to comment about your experiences, thoughts and additions.