Also, it is advisable to use a separate wallet for security reasons so that users can protect themselves against potential exchange hacks. By using our ATMs you agree to be legally bound by these terms, which shall take effect immediately on your first use of our ATMs. It lets you buy bitcoins with bank transfer.
The State of Bitcoin in Hong Kong
We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure. Don’t have a wallet? Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. Want to hog using Coinmama?
Buying Bitcoin in Hong Kong
Noting that there was limited information available on the company’s actual plans, the regulator said in the report: «It appears the proposed machine is another channel for acquiring Bitcoin or a vending machine. Bitcoin is not regulated by the HKMA. Bitcoin is not a currency, but a virtual commodity. The ATM allows users to buy, sell, or redeem Bitcoins, accepting cash or credit card as payment for the virtual currency. HKMA further noted that local laws prohibit theft, fraud, and money laundering associated with Bitcoin, which it added did not have any formal backing and did not meet the criteria necessary to be a means of payment or electronic currency. The authority said it was monitoring the usage of Bitcoin as well as other regulatory efforts globally to consider further action in Hong Kong. Financial institutions and the public shouldn’t use it as medium of payment.
Bitcoin ATM launched in Hong Kong
Ease of Use. In fact, Hong Kong is flush with 31 Bitcoin Macihne, making it really easy for anyone looking to buy Bitcoin to simply turn up at one of the machines and quickly purchase the digital tokens in a fast and anonymous manner using cash. After this time we will automatically liquidate your position. Clarify with your exchange or traders beforehand what currencies, notes and payment forms they aatm. The options on how to buy Bitcoin can be overwhelming at. On the other hand, steps are being taken by start-ups like Pundi X to boost the number of locations where people can spend their Bitcoin. Tidebit Tidebit is the newest of Hong Kong Bitcoin exchanges. Mycelium Local Trader helps you find local Bitcoin sellers. By using our ATMs you agree to be legally bound by these terms, which shall take effect immediately on your first use of our ATMs. Circle Trading Circle is a Boston-based financial services firm most popular for their money transfer app. There are currently four exchanges with local Hong Kong bank accounts. Buying Bitcoin on exchanges is bitcoin atm machine in hong kong macnine cheapest option in terms of fees and is relatively hnog and convenient. No matter if you run a business, are employed, do freelance work or your bitcooin owe you money, it may be a good idea to ask for these payments to be made in Bitcoin. Buy Bitcoin in Hong Kong. Want to buy using Coinmama?
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