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Where to buy Bitcoin Cash in Hong Kong

How, where and why to buy Bitcoin Cash in Hong Kong.

You can buy Bitcoin Cash much like other cryptocurrencies. However, it’s not as established as some others so your options are more limited.

Bitcoin Cash (BCH or BCC) reached a new high on 12 November 2017, peaking at around US$2,000. This is more than twice as high as its previous peak in August.

To buy Bitcoin Cash you will need:

  • A wallet that supports Bitcoin Cash.
  • To choose whether you’ll buy from a broker or on an open exchange.
  • To follow the site’s sign-up and verification processes to buy Bitcoin Cash.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Places to buy Bitcoin Cash in Hong Kong

Name Product Deposit methods Fiat Currencies Cryptocurrencies
FTX Cryptocurrency Exchange
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

69
cryptocurrencies

FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
AAX Cryptocurrency Exchange
AAX Cryptocurrency Exchange
Alipay, Bank transfer, Cash, Neteller, PayPal, Qiwi, SWIFT, WeChat, Western Union, UPI, IMPS, Paytm, Faster Payments (FPS), PayNow, Swish, Payme
AUD, CAD, CNH, CHF, EUR, GBP, HKD, NZD, SGD, USD

110
cryptocurrencies

Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

820
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Binance Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

315
cryptocurrencies

Promo: New users earn up to USD 100 in bonus rewards on qualified deposits and trades. Valid till 31 December 2021. T&Cs apply.
Finder Exclusive: Get 10% discount on your fees when signing up through Finder.
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Coinmama Cryptocurrency Marketplace
Bank transfer, Credit card, Cryptocurrency, Debit card
USD, EUR, AUD, CAD, GBP, JPY

10
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

434
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD

280
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Bitfinex Professional Trading Exchange
Credit card, Cryptocurrency, Bank Wire
USD, EUR, GBP, JPY

168
cryptocurrencies

Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
OKEx Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

271
cryptocurrencies

Promo: Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
CEX.IO Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, SWIFT, SEPA, Faster Payments (FPS)
USD, EUR, GBP, RUB

22
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Neteller, Skrill, Apple Pay
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

32
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Gemini Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, CAD, EUR, GBP, SGD, HKD

48
cryptocurrencies

Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
Coinbase Digital Currency Exchange
Bank transfer (ACH), Credit card, Debit card, PayPal, Bank transfer (SEPA)
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

73
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Liquid Cryptocurrency Exchange & Margin Trading
Bank transfer, SEPA
USD, JPY, EUR, SGD, AUD, HKD

127
cryptocurrencies

Promo: Get 10% off your trading fees. T&Cs apply.
Disclaimer: Highly volatile investment product. Your capital is at risk.
Liquid is a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

228
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bithumb Cryptocurrency Exchange
Cryptocurrency
KRW

193
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
ShapeShift Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Banxa
-

50
cryptocurrencies

Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
CoinBene Cryptocurrency Exchange
CoinBene Cryptocurrency Exchange
Cryptocurrency
-

50
cryptocurrencies

Liquid Cryptocurrency Exchange & Margin Trading
Bank transfer, Cryptocurrency, SWIFT, Credit or Debit Card, SEPA
AUD, EUR, JPY, USD, SGD, PHP, HKD

127
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Liquid is a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto.
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How to buy Bitcoin Cash on an exchange or from a broker

The procedures can vary, but generally it’s as easy as:

  1. Creating an account by signing up with an email address
  2. Verifying your account by providing proof of identification
  3. Depositing funds into the account, and then using that to buy BCH that’s listed for sale
  4. The procedures are similar whether you’re buying on an open exchange or from a broker.

What to look for in an exchange

Some of the main factors to consider are:

  • Payment methods. Wire transfer should be widely accepted payment method, and almost all exchanges and services will accept it. If that doesn’t work for you, then you’ll need to specifically look for a service with alternative payment options, such as cash, credit card or PayPal.
  • Transaction times. A high order volume might affect transaction times, so if you want it sooner it can be helpful to look for a less popular service, or one that offers faster transactions.
  • Reputation. It’s always good to look for an established provider with a strong reputation.

How to choose a Bitcoin Cash wallet

The price of Bitcoin Cash jumped in November 2017, before there were too many wallets that supported it. In an effort to get in quickly, some unsuspecting users were scammed by fake Bitcoin Cash wallets that were created specifically to take advantage of new users.

If you’re not sure how to find a reliable wallet, a good rule might be to avoid anything that looks as though it has been newly created exclusively for BCH.

This means looking for established multi-currency wallets that support BCH and have a proven security history. All of the following hardware wallets fit the bill, and might be a reliable option.

Name Product Wallet Type Supported Cryptocurrencies Price (USD) Disclaimer
Ledger Nano X Wallet
Hardware wallet
BTC, ETH, XRP, BCH, ADA, LTC, BNB, EOS, XTZ, XLM & 1,350+ more
$119
The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S.
TREZOR Model T Wallet
Hardware wallet
BTC, ETH, XRP, USDT, BCH, LTC, EOS, XTZ, LINK, XLM & 1380+ more
$195
The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
Ledger Nano S Wallet
Hardware wallet
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA & 1,330+ more
$59
Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.
Atomic Wallet
Desktop wallet
BTC, LTC, ETH, TRX, DGB, QTUM, XLM, ZEC, XRP, BCH and 150+ more
Free download
Store, buy and sell 130+ cryptocurrencies using Atomic Wallet's in-built atomic swap exchange.
TREZOR One Wallet
Hardware wallet
BTC, ETH, BCH, LTC, LINK, XLM, HT, USDC, DASH & 1280+ more
$63
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
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What’s the difference between bitcoin and Bitcoin Cash?

You don’t want to confuse the original bitcoin (BTC or XBT) with Bitcoin Cash (BCH or BCC).

You might think of BTC as being more collectible, but BCH as being more usable.

One main difference

The main difference is that Bitcoin Cash has an 8MB block size, compared to legacy bitcoin’s 1MB block size.

This makes it easier to mine, which has the effects of decreasing its rarity. This might prevent it from increasing in value at the same rate as other cryptocurrencies.

You might think of this as Bitcoin Cash having a higher rate of inflation than other cryptocurrencies. This means it might not increase in value as quickly as “rarer” cryptocurrencies like the original bitcoin.

That could be a downside for investors looking for a currency that appreciates more quickly.

The upside of the 8MB block size is that it means BCH can be more quickly, cheaply and easily transferred, and might be a more practical way to buy, sell and move funds than BTC. Some investors feel that in the long run the more “usable” cryptocurrency will win out, rather than the one that’s worth the most at the moment.

The other main difference

The second main difference is that BCH scales its mining difficulty based on how many miners are working at the time.

Miners use computing power to process the transactions, and are rewarded with Bitcoin Cash for their efforts. This is the same system that most other cryptocurrencies use.

But the scaling difficulty used by Bitcoin Cash means that whenever there are more miners working on it they all get paid less BCH for their work, and when there are fewer miners working on it, they all get paid more BCH for their work.

This has the effects of:

  • Keeping the natural “inflation” caused by 8MB block sizes in check. When there are too many miners, some will switch off because it’s not worth their time.
  • Keeping transaction fees lower and transfer times faster across the board. When there aren’t enough miners, more will move over to start processing transactions.

You can get more detailed information on Bitcoin Cash in our comprehensive guide.

What factors affect BCH prices and why did they spike in November?

BCH prices are susceptible to the same forces that impact other cryptocurrencies.

  • General interest
  • Functionality
  • Popularity

In November 2017 in particular, though, it’s suspected that a lot of bitcoin users switched to BCH instead, driving the price up to a new level.

The switch was probably the result of the cancelled Segwit2X bitcoin hard fork. That hard fork was intended to give BTC some of the same features as BCH, and improve its transactability at the cost of collectibility.

It was a contentious issue, and eventually ended up dividing opinions. So when the fork was cancelled, a lot of users decided that in the long run they wanted to support the more “transactable” BCH coin rather than the more “collectible” BTC.

So suddenly there were a lot of people selling bitcoin and buying Bitcoin Cash. This caused bitcoin prices to drop, and Bitcoin Cash prices to rise. After the initial jump to around US$2,000, Bitcoin Cash prices settled back to around US$1,100. This resembles a fairly expected correction of the market as the hype dies off.

All of this took place over the course of about two days from 12 November to 14 November, 2017. When the dust settled, BCH prices seemed to have a new floor of over US$1,000, while bitcoin prices have largely recovered.

Find a list of brokers and exchanges that offer Bitcoin Cash.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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