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Author: Admin | 2025-04-28
There a way to buy Bitcoin futures in Hong Kong? Hong Kong's Securities and Futures Commission (SFC) has released guidance on futures contracts with regard to Bitcoin. They followed the guidance up with a warning: The SFC has not licensed or authorised any person in Hong Kong to offer or trade virtual asset futures contracts. Given the current risks associated with these contracts and in order to protect the investing public, the SFC would be unlikely to grant a licence or authorisation to carry on a business in such contracts. Hong Kong Securities and Futures Commission Long story short, as of September 2020, there is no legal way to buy Bitcoin futures contracts in Hong Kong. How do I cash out of Bitcoin in Hong Kong? Any exchange with a Hong Kong dollar trading pair, such as Coinmama, Cex.io, and Kraken will allow you to sell your Bitcoin for fiat currency. Another way to buy Bitcoins in Hong Kong is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private. LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems. You could also use a service like eGifter to sell your Bitcoin for gift cards.
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