These exchanges trade in multiple digital currencies and allow the deposit of hkd directly banks such as hsbc hang seng and standard chartered banks. Long term capital gains are also not taxed in hong kong.
Maker fee 0 25 taker fee 0 35.
Bitcoin exchange hong kong. A handful of bitcoin exchanges offer bitcoin purchases in exchange for the hong kong dollar. Hong kong has been bustling with bitcoin activity ever since china decided to clamp down on cryptocurrencies with several exchanges moving their base from the mainland to this autonomous territory. Buying bitcoin in hong kong is now incredibly easy.
The great majority of them are located in the city of hong kong while the rest are in fanling mong kok and yuen long. Bitcoin in hong kong. Learn all about how to buy bitcoin btc in hong kong and where to buy bitcoin in hong kong.
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 hkid or address proof before you can start using their accounts. Hong kong has a few local bitcoin exchanges that allow direct deposit of hong kong dollars from local banks. As of november 7th 2020 there are a total of 58 bitcoin atms in hong kong to buy bitcoin in person.
More importantly hong kong is known for being a non interventionist regime and the government didn t pay much attention to bitcoin for a long time. Complete directory of exchanges brokers and atms in hong kong find the best exchange for your needs. Since this decision many exchanges that were based in china decided to move across to the autonomous territory of hong kong.
Bitcashout is a small and reliable bitcoin exchange platform based in hong kong. Due to the low number of provider the prices on these exchanges might be higher than on the other international markets so you might need to consider exchange hkd to usd jpy or cny and then purchase bitcoin using these currencies to be cost efficient. Users can purchase bitcoin usdt and other cryptocurrencies via wire transfer bank or credit card.
In hong kong for example there is no vat or sales tax. Hong kong has been a city bustling with bitcoin and crypto startups ever since china made the decision to clamp down on digital currencies from a regulatory perspective. Buying bitcoin on exchanges is usually the cheapest option in terms of fees and is relatively fast and convenient too.
Bitcoin atms in hong kong. Corporate taxes amount to just 16 5. Hong kong as a tax heaven for bitcoin brokers.
The hong kong special administrative region is particularly attractive for business start ups because the small state has its own special tax law. Aax a fast growing exchange based and distinguished by its london stock exchange matching engine offers a number of options. Bitcashout is a bitcoin currency exchange platform managed by yt e commerce h k limited.
All exchanges require registration with a passport or hong kong identity card. Bitcashout trade engine is developed by the well known bitcoin exchange bitcoin central.