Bitcoin Forum

Hong Kong is the most capitalist territory in the world, so where are all the bitcoiners here? Why is there no HKD-dedicated exchange? Or a way to buy BTC with funds from an HKD bank account (which anyone in the world can open)? Unless I'm missing something...

Get in touch if you also think Hong Kong can be a bitcoin powerhouse.

I agree. With all the money that is stashed away there to evade taxes there must be a lot of demand for a local bitcoin exchange. However, transfering money from a Hong Kong bank account to Bitstamp for example takes just one day. But it would be good not having to pay the 15 dollars for the international wire though.

Everybody is too busy flipping properties to care about bitcoin.

Hong Konger here, +1

Hong Konger here.

I think theres no HK-based exchange because of the same reason that the startup scene is so slow in HK = Top HK coders are enslaved by the banks as soon as they graduate as I've witnessed this firsthand with my friends spending their entire uni time deeply into the startup scene in hk and then all joining the banks when it came to getting a job.

Likely because HKD isn't very popular to buy.

All the wealthy individuals there have multi currency accounts so that shouldn´t be a problem.

start one

I think I will :)

I'd like to know a way/some ways/the best way to be able to transfer BTC into a HK bank account once it's set-up.  I would like to do some traveling in Asia in the near future and would like to fund a small HK bank account to use as a base/back-up.  Can anyone help an old man out? 

HK dollars is in controlled by HK central bank which will be heavily influcened by PRC.... BTW, the number of geeks who will use bitcoins in HK is fewer than the number of geerks in US / UK dollar area...

Even when considering it's one of the most traded currencies in the world?

I believe Bitfinex is incorporated in HK

Can't you convert HK to USD and then to bitcoin?

Just a quick question. When you said "HKD bank account which anyone in the world can open" would you mind sending me a link or two of how an American citizen who has never been to Hong Kong can open a HKD bank account without having to go there?

I know in certain major cities like New York and San Francisco you can go into certain banks and buy accounts in other denominations but I have not been able to get past the $5,000 minimum they want to open that account, plus it was like a CD not really an active account.

Thanks  ;D

There is no central bank in Hong Kong. HKD is pegged to USD for historical reasons which means the money printing done by US central bank devalues HKD just like USD.

I do want to know what's the cheapest way to convert bitcoin to money in a HK bank account though. Anyone have experience?

There was once a beta exchange site by the name of Ruxum (x.ruxum.com - it's down completely now it seems).

It looked very promising and they were the first to offer a direct exchange to and from namecoin, too.

It was HongKong based.

They closed down for legal reasons was the last thing I read about it back then.


There's a link to a list of all active and inactive exchanges on BitcoinMoxy.com (http://BitcoinMoxy.com) in section Bitcoin Community which I think is reliably updated by the folks at Bitcoincharts.

Opportunities happen everyday. This is yours.

Yes u r  right

may the fiat is their prefer choice of currency

did you get my response? I wanted to know more but you never replied.  :'(   ???

This is very interesting actually I wonder if they do soon. It would make bitcoin a lot more popular.

Please trade Bitcoin at www.BitCashOut.com (http://www.BitCashOut.com)

We are located at Hong Kong. Currently four currencies are supported: HKD, CNY, USD and EUR.

HK is not very well known for online buisiness, more international trading

Hong kong it the best man

How much business does your site get?

To be honest, currently the trading scale is not so big, since the Hong Kong market still need some time to build up. But there should not be any liquidity problem if you want to trade.

Hong Kong is the trading capital of the world surprised not more bitcoiners there

I put an ad on localbitcoins.com for people in Hong Kong who want to buy or sell and pay by local bank transfer.

https://localbitcoins.com/accounts/profile/jonitas/ (https://localbitcoins.com/accounts/profile/jonitas/)

2 successful sales completed now.

We couldn't agree more! 

Apologies for the delayed introduction.  For those unfamiliar with Asia Nexgen Bitcoin Exchange, we launched only late last month but it has been a tremendously busy time since!  Our official launch page is https://bitcointalk.org/index.php?topic=262091.0 (https://bitcointalk.org/index.php?topic=262091.0) however I will remind everyone here that from now until the end of August we are providing commission free trading on the purchasing and selling of Bitcoins.  We also offer arguably the fastest deposit and withdrawal processing times of any Bitcoin exchange globally...AND we offer bank transfers for those fortunate enough to reside in Hong Kong, so no costly wires.

We look forward to your custom! 

ANX.HK (http://ANX.HK)

Hong Kong is not at all what it used to be - I tried to open a bank account there earlier this year and despite having sufficient ID they would not let me open one (they demanded to know *why* I need a bank account in Hong Kong and basically treated me as though I was some sort of criminal as I just honestly stated "because I travel here regularly and it would be useful").

Thinking it might have just been some attitude at one particular bank my wife and I tried 4 other banks and got the same treatment at each (and even at a Bank Of China branch despite my wife being a Chinese citizen they would not let her open an account either).

International bank wire to an exchange does work.

Hi b!z,

I'm not sure I understand your post.  We accept international deposit wires and we process these as received on a weekday-daily basis.  We also allow support international wire withdrawals and these are processed just as quickly.

ANX.HK (http://ANX.HK)

may I know where I can spend bitcoin in Hong Kong or Macau?

The largest non-chinese exchange : bitfinex is based in HK

Apparently, even the maids in Hong Kong use bitcoins.

https://www.techinasia.com/hong-kongs-foreign-maids-bitcoin-send-cash-home-knowing-bitcoin/

the true rich are buying up flats and houses in taipei,hong kong, etc.

buying up properties like candy as always. they also are into bitcoin, these people are way ahead and information is quick.

Its the same people that buy up companies like alibaba.

According to http://coinmap.org/, there are a couple of businesses taking bitcoin in Hong Kong, including hotel, restaurants, custom tailor and massage store.

Hi Jonitas,

Our exchange platform https://gatecoin.com also accepts local bank transfers. We offer BTCHKD, BTCUSD, BTCEURO trading pairs. Right now we are running a promotion for new users (non-US residents):
Get US$5 + one month of free bitcoin trading
Use this link to redeem offer: https://www.gatecoin.com/register?referralCode=MFYYFL

Cheers,
The Gatecoin Team