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Reputable Crypto exchanges in HK?

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  1. #1

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    Reputable Crypto exchanges in HK?

    Anyone familiar with bitcoin exchanges in HK that are reputable? I just did a quick google search and seems there aren't very many in HK. I'm not a bitcoin guy so I don't know much about this but I've been asked to help out a start-up and their funding is in BTC so I'd need to convert that to cash to pay for expenditures.


  2. #2

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    I too don't know a lot about this and no clue if being in HK and reputablity are linked or predictible and its all "in the cloud".

    The biggest exchange is reportedly based out of HK - Binance and they're on the move to Malta after some crackdowns.

    Worth reading up on them.


  3. #3

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    Depends on your strategy.

    Gate coin - you cannot withdraw your cash as they are having issues with banks in HK. There are limited EUR withdrawals. Volumes are super low and spreads very high. Has wide selection of cryptos to trade.

    Tidebit - better volumes than gatecoin. Basically only Bitcoin and Ethereum. Spreads are decent enough that you could make a few trades daily to make some money if you have patience for that. They do let you withdraw money and pay by ATM deposit to your local HK bank in HKD. Takes about 3 business days to receive the cash.


  4. #4

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    Quote Originally Posted by Viktri:
    Anyone familiar with bitcoin exchanges in HK that are reputable? I just did a quick google search and seems there aren't very many in HK. I'm not a bitcoin guy so I don't know much about this but I've been asked to help out a start-up and their funding is in BTC so I'd need to convert that to cash to pay for expenditures.
    There's a Chinese restaurant that I used to go to and often chat up with the boss lady. One day she told me that she's thinking about investing in bitcoins, even though she knows nothing about it or how it works. That's when I decided I'm not going to touch that even with a six feet stick.

    So yes, I would advise against putting money into anything without at least basic knowledge of what you're buying.

  5. #5

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    I get most of my pc games of Steam, they were taking bitcoin for payments up until last December when "bitcoin mania" went through the stratosphere.

    Well, if Steam would rather not take in anymore bitcoin, that's good enough reason for me to stay away


  6. #6

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    There are a million reasons to get in or stay away. But the poor guy is looking for a real world solution related to cashing out some funding related coin...

    Last edited by shri; 11-05-2018 at 02:57 PM.
    jrkob likes this.

  7. #7

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    I am not a bitcoin fella, just lots of talk bitcoin talk during lunch time. My colleague signed contract with genesis-mining.com to mine ETH, he used kraken to exchange it to USD and transfer it to HSBC bank account in hk. That was .. probably 3 months back. It took time for validation, etc

    Other than that, i heard about anxpro.com as well... from headhunter, they are hiring with pretty good pay. hahaha.


  8. #8

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    I use gatecoin for buying ethereum though transfering and withdrawing money has been very inconvenient as their accounts keep closing. You can also use Binance by transfering ethereum /bitcoin from gatecoin account to buy alt coins, Binance exchange is available only for trading cryptocurrencies and not available for any FIAT wired deposits. so if you wanna trade bitcoin with alt coin make a Binance or bittrex account which just takes few mins and the transfer is very convenient as well.

    So far not going good for me as i started quite late but there are many nice blockchain initiatives with good and practical use cases so just enjoying their growth(most of the time it's the opposite) and hoping them to see as big as bitcoin.


  9. #9

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    What is there to know about Bitcoin? Limited supply and demand ??

    Institutions may start getting involved.

    My coin investments have done well and I've already cashed out my initial investment and then some. The rest I'm hoping becomes a nice retirement one day. If not, well yikes. I'm still where I'm at now

    Bitcoin and Ethereum, I predict will continue an upward trend. Let's see what happens.


  10. #10

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    Yup, I'm not an investor in crypto but the company has done an ICO and raised about US $100 million.

    The amounts raised are in crypto and HK isn't very crypto friendly so I'd need a reliable way to exchange it to cash.

    I'm not looking to cash out a huge amount. Not sure how liquid the exchanges are either so that's another factor to consider.

    I appreciate all the feedback. Seems that converting crypto to HKD will be an issue. Maybe I need to open a bank account that is crypto friendly? I'll look at Singapore or the US.

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