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Author: Admin | 2025-04-27
Liquidity and good prices Wechat integration Offers USD as well as CNY trading Cons Not private since identity verification is required Interface may be confusing for first-time buyers Limited payment methods; only bank transfer Ease of UseHard PrivacyLow SpeedAverage FeesLow ReputationTrusted LimitsHigh Huobi Huobi is the third largest Bitcoin exchange in China. You can fund your exchange account online via CNY bank transfer or with USD via OKPay (1.5% fee) or international wire transfer (1% fee). Pros Huobi has great liquidity and good prices Always-available, bilingual customer support Offers USD as well as CNY trading Cons Not private since identity verification is required Interface may be confusing for first-time buyers Limited payment methods; only bank transfer Ease of UseHard PrivacyLow SpeedAverage FeesLow ReputationTrusted LimitsHigh Bitcoin ATMs You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%. View Bitcoin ATMs Pros Our map makes it super easy to find a Bitcoin ATM near you Cons Bitcoin ATMs often have 5-10% fees per purchase - Bitcoin & Cryptocurrency Trading in Hong Kong 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. 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. In late 2014, Hong Kong’s Finance Secretary John Tsang defined Bitcoin as “a commodity generated in the cyber world,” clarifying that it shouldn’t be considered to be either electronic money or a store of value for making payments. However, the government did warn people of the volatility of Bitcoin and that it is a highly-speculative product. As it turns out, the Hong Kong special administrative region has now formalized regulations with an aim of protecting investor interest in light of the drop in Bitcoin prices and potential fraud. But changes could be coming. In a document released in May 2021 by Hong Kong Financial Services and the Treasury Bureau, the bureau is proposing changes to the way cryptocurrency exchanges will be allowed to operate in the country. One proposal will require exchanges to apply for a license to operate. Currently, while many are licensed to operate in Hong Kong, there is no legal obligation to do so. The more alarming proposal is that exchanges will only be allowed to hold portfolios for “professional investors.” To qualify for the professional investor status, an investor would need to have a portfolio worth HK$8 million (US$1.03
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