How to Buy Cryptocurrency in Hong Kong

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Hong Kong has emerged as one of Asia’s most structured and secure hubs for cryptocurrency trading. With a clear regulatory framework overseen by the Securities and Futures Commission (SFC), the city offers investors a balanced environment that promotes innovation while ensuring robust investor protection. Whether you're new to digital assets or expanding your portfolio, understanding how to buy cryptocurrency in Hong Kong is essential for safe and compliant trading.

This guide walks you through everything you need to know—from the fundamentals of crypto and licensed platforms to step-by-step purchasing procedures and long-term security practices.

Understanding Cryptocurrency

Cryptocurrency is a digital or virtual form of currency secured using cryptography and powered by blockchain technology. Introduced with Bitcoin in 2009, cryptocurrencies operate on decentralized networks maintained by distributed ledgers, eliminating reliance on traditional financial institutions.

While they enable faster, potentially lower-cost transactions—especially for cross-border payments—cryptocurrencies also come with challenges such as price volatility, regulatory uncertainty, and risks related to misuse. As global regulations evolve, Hong Kong has taken a proactive stance, establishing a transparent legal framework that supports responsible innovation.

Investment Avenues for Cryptocurrency in Hong Kong

There are four primary ways to invest in digital assets in Hong Kong:

1. Virtual Asset Trading Platforms (VATPs)

VATPs are regulated exchanges licensed and supervised by the SFC. As of February 2025, there are nine officially licensed VATPs operating in Hong Kong. These platforms must comply with strict requirements, including:

Operating on a licensed VATP ensures greater transparency and protection compared to unregulated platforms.

👉 Discover how regulated crypto platforms can safeguard your investments.

2. SFC-Licensed Brokers

Traditional financial institutions like banks and securities firms can offer crypto services if authorized by the SFC. These brokers provide an additional layer of trust due to existing regulatory oversight, though their crypto offerings may be limited.

For example, ZA Bank launched crypto trading in late 2024, allowing users to purchase Bitcoin and Ethereum starting at US$70—making entry accessible even for small investors.

3. Virtual Asset Over-the-Counter (VA OTC) Dealers

VA OTC dealers—including brokers, ATMs, and private trading desks—operate under a transitional arrangement while applying for full VATP licensing. Although some oversight exists, these platforms do not yet meet the full compliance standards of licensed exchanges.

Investors should exercise caution: if an OTC dealer’s application is rejected, user funds could be at risk. For this reason, moving to a fully licensed platform is strongly advised.

4. Crypto Spot ETFs

Hong Kong was the first in Asia to launch spot Bitcoin and Ethereum ETFs in July 2024. These exchange-traded funds allow investors exposure to crypto price movements without holding actual digital assets.

Regulated similarly to traditional ETFs and under SFC supervision, crypto ETFs offer a convenient, secure option for those wary of managing private keys or navigating exchanges directly.

Step-by-Step Guide: How to Buy Cryptocurrency in Hong Kong

Follow these six steps to safely acquire digital assets:

  1. Choose a Licensed Exchange
    Select one of the nine SFC-approved VATPs to ensure compliance and protection.
  2. Create an Account
    Register on your chosen platform and begin the KYC process by providing personal details.
  3. Verify Your Identity
    Submit required documents such as a Hong Kong ID card or passport, proof of address, and sometimes a selfie for biometric verification.
  4. Fund Your Account
    Deposit Hong Kong Dollars via bank transfer, credit/debit card, or other supported methods.
  5. Place Your Trade
    Navigate to the trading interface, select your desired cryptocurrency (e.g., BTC or ETH), and execute your purchase.
  6. Secure Your Holdings
    For long-term storage, transfer assets to a private wallet—preferably a hardware wallet—to reduce exposure to exchange-based risks.

👉 Learn how to protect your digital assets with best-in-class security practices.

Overview of Licensed Cryptocurrency Exchanges in Hong Kong

As of early 2025, the following platforms are fully licensed by the SFC:

OSL Exchange
Hong Kong’s first listed and SFC-licensed crypto exchange. Offers $1 billion insurance coverage and allows investments from HK$1. Trading fee: 0.3%. No deposit fees; withdrawal fees vary by asset.

HashKey Exchange
Markets itself as the largest licensed VA exchange in Hong Kong, serving both retail and institutional clients. Fees are tiered based on trading volume.

HKVAX
Provides brokerage, exchange, custody, and tokenization services. Fee structure not publicly disclosed.

HKbitEX
A subsidiary of Tykhe Capital Group, offering services for individuals and institutions. Spot trading fees: 0.3% (maker), 0.4% (taker). OTC fee: 0.5%.

Accumulus
Focuses on long-term investment planning. Fee details not publicly available.

DFX Labs
Emphasizes reliable wallet services and secure transactions. Offers free HKD/USD deposits and low withdrawal fees (e.g., BTC @ 0.00007).

EX.IO
Enables instant fiat-to-crypto trades with 98% of assets stored in cold wallets. Trading fees range from 0%–0.4% (maker) and 0.05%–0.6% (taker) based on volume.

PantherTrade
Offers simple BTC and ETC trading with no trading fees during promotional periods.

YAX
Owned by Tiger Brokers, features institutional-grade custody insurance and advanced security protocols. Fee information not publicly available.

The Evolving Crypto Landscape in Hong Kong

Hong Kong continues to strengthen its position as a leading digital asset hub in Asia through progressive regulation and institutional support.

The SFC has approved seven operational licenses since mid-2024, with PantherTrade and YAX joining in January 2025—bringing the total to nine licensed VATPs. This reflects a strategic effort to foster innovation while enforcing investor safeguards.

To enhance regulatory capacity, the SFC proposed adding 15 new roles in its 2025–2026 budget, with eight dedicated specifically to virtual asset oversight, surveillance, and enforcement.

Additionally, the Stablecoins Bill, currently under review, aims to regulate fiat-backed stablecoin issuers by requiring licensing from the Hong Kong Monetary Authority (HKMA). This move further solidifies Hong Kong’s comprehensive approach to digital finance regulation.

Frequently Asked Questions (FAQs)

What are the best cryptocurrency exchanges in Hong Kong?
As of 2025, the nine SFC-licensed VATPs are considered the safest and most reliable options for buying crypto in Hong Kong due to their compliance with strict regulatory standards.

What are the benefits of investing in Crypto ETFs in Hong Kong?
Crypto spot ETFs offer regulated exposure to Bitcoin and Ethereum without requiring direct ownership or management of private keys—ideal for risk-averse or beginner investors.

What is the difference between VASP and VATP?
Virtual Asset Service Providers (VASPs) is a broad category covering all crypto-related services. Virtual Asset Trading Platforms (VATPs) are a subset—specifically centralized exchanges that must be licensed by the SFC when serving Hong Kong investors.

Are cryptocurrency gains taxed in Hong Kong?
Currently, Hong Kong does not impose capital gains tax on individuals, meaning personal crypto trading profits are generally tax-free. However, businesses engaged in regular trading may be subject to profits tax.

Can tourists or non-residents buy cryptocurrency in Hong Kong?
Most licensed platforms require proof of local residency or identification. While some may accept foreign IDs during KYC, full access is typically limited to residents.

How safe are licensed crypto exchanges in Hong Kong?
Licensed VATPs must adhere to stringent security, custody, and operational requirements—including insurance coverage and cold storage—making them significantly safer than unregulated alternatives.

👉 See how top-tier platforms maintain security and compliance for users worldwide.

Final Thoughts

Buying cryptocurrency in Hong Kong is more accessible and secure than ever thanks to strong regulatory oversight and a growing ecosystem of licensed platforms. Whether you prefer direct trading via VATPs, using traditional brokers, or investing through ETFs, there are multiple compliant pathways tailored to different risk appetites and experience levels.

By choosing regulated services, completing proper identity verification, and securing your holdings appropriately, you can confidently participate in the future of finance—all from one of Asia’s most dynamic financial centers.

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