How to buy Bitcoin in Hong Kong? Three ways to buy Bitcoin in Hong Kong

Bitcoin is the first decentralized cryptocurrency, designed to implement a peer-to-peer electronic cash system without relying on a central agency or middleman. Its security and anonymity have attracted the attention of many people and participated in the market. As one of the international financial centers, Hong Kong has a supportive attitude towards cryptocurrencies such as Bitcoin. For this reason, many investors will also choose to go to Hong Kong for Bitcoin transactions. But there are still investors who don’t know how to buy Bitcoin in Hong Kong? Conveniently, for now, there are mainly three methods: ATM machines, exchanges or offline stores. The editor will explain it in detail below.

How to buy Bitcoin in Hong Kong?

Method 1: ATM

A ATM is a device similar to a traditional automated teller machine (ATM) that allows users to purchase Bitcoin using cash or bank cards.

Method 2: Exchanges

Bitcoin exchanges are purpose-built platforms designed to easily, quickly and efficiently exchange Bitcoin for other assets. For example:

• Binance (click here to register)
• OOYi (click here to register)

Method 3: Offline stores

Offline stores provide face-to-face Bitcoin transactions and related services. For example:

• One case

Does one have to pay tax when buying Bitcoin in Hong Kong?

• Individuals and companies generally do not pay taxes on Bitcoin purchases.
• There is also no need to pay capital gains tax on gains from investing in Bitcoin.
• Income tax rates for full-time traders range from 7.5% to 16.5%.

Criteria for judging professional traders:

1. No stable source of income
2. Spending a lot of time on trading
3. Having an office and employees
4. Holding crypto assets for a shorter time

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