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How To Buy Bitcoin in Hong Kong

Tam Xueh Wei -

After covering Singapore, Malaysia, Thailand, Vietnam, South KoreaPhilippines and most recently Cambodia in our series of articles on how to buy bitcoin in Asia, we will now look at several options to purchase bitcoin in Hong Kong. 

Hong Kong, the former British trading outpost is one of the major financial hubs in Asia so buying bitcoin is relatively easy in this country. Here are several possible options to obtain bitcoin in Hong Kong.

1. Bitspark

Bitspark is a cryptocurrency startup incubated by the Hong Kong Cyberport Management Company backed by the Hong Kong government. Founded in April 2014, they are focused on transparency and trust that is proven through their open codebase, cryptographically verifiable audits and backing of one of Asia’s largest tech incubators.

George Harrap, CEO of Bitspark says that they really want to convey the message that Bitspark is more than just an exchange - they are transparent and offer more cryptocurrencies than their competition. The company has a vision of being the largest, most well featured and most user friendly cryptocurrency platform in the world.

2. ANXBTC

ANX, or formerly known as Asia Nexgen was established in July 2013 and is legally registered and based in Hong Kong. ANX is now one of the most used Bitcoin exchange platforms and one of the top 6 largest Bitcoin exchanges in the world by volume. ANXBTC prides on the fact that they are an easy, secure and affordable platform to purchase and sell bitcoin. 

The company also has an innovative track record, having introduced the world’s first physical Bitcoin retail store, the world’s 3rd Bitcoin ATM machine, a multi-currency online Bitcoin exchange platform, mobile apps as well as launched the world’s first Bitcoin debit card. The ANX Bitcoin debit card works just like a credit card and makes it very simple to spend bitcoin at any credit card accepting merchant. The debit card can also be used to withdraw cash worldwide.

3. Gatecoin


Gatecoin is a Hong Kong-based digital currency exchange with a Money Service Operator license given by the Customs and Excises Department. Its CEO, Aurélien Menant is a former investment banker in London and Paris. He is also one of the founding members of the Bitcoin Association of Hong Kong and has spoken in several Bitcoin conferences worldwide. 
 
Gatecoin recently raised $150,000 in funding and was incubated by Hong Kong Science and Technology Parks (HKSTP), a government body. Its digital currency exchange keeps clients’ cash deposits in segregated accounts to reduce counterparty risk. The separation of cash deposits and operating expenses is a groundbreaking feature in the Bitcoin ecosystem and allows for the cash deposit to be registered as not belonging to Gatecoin and thus cannot be seized.

4. HK Bitcoin ATM

HK Bitcoin ATM’s name is self-explanatory – you can buy bitcoin from a Bitcoin ATM machine. No registration is required to use the ATM. All you need is a smartphone to create your bitcoin wallet and some cash to buy from the Bitcoin ATM. This simple transaction can be done in a matter of seconds.

HK Bitcoin ATM was founded in 2013 and has been offering a complete Bitcoin experience ever since. The ATM is located at President Commercial Centre on Nathan Road, Mongkok. There is also a Bitcoin Store that is fully automated with robots and automated security systems.

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Tam Xueh Wei
Tam Xueh Wei
Xueh Wei is a freelance writer that’s enthusiastic for adventures and the space beyond comfort zones. She's always on the look out for the next thing to eat, do, and love. Follow the author on Twitter @punkbelina

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