also accept cash deposits and cheques. But I doubt the numbers are true. Mycelium can be used to find people in Hong Kong to meet up with. When Coinport offers fiat deposits, Wang says his firm will allow customers to check on its bank accounts balances using a public login to the banks system. OTC Exchanges For larger amounts, you can go to an OTC Exchange, or broker. If you just need a few dollars worth to try it out or play with or need help setting up or operating your wallet, you will likely find somebody to trade at the regular. A new Hong Kong-based exchange is offering its customers unprecedented transparency mechanisms, including automatic proof-of-reserves tests, in a bid to shake up the cryptocurrency exchange sector. A broker will give you a quick" for a single trade, usually upwards of 50 BTC. Gox : When I look at existing Chinese exchanges, they are very big right now, their transactions are maybe over 10,000 BTC in China. I believe China will follow the US, UK and Canada, he said.
This figure needs to be reconciled with the balances held by exchange customers. You will be able to sell or buy Bitcoin against a wire transfer. The process takes less than 30 seconds, is anonymous but can cost up to 5 in fees. You can hand it over in cash at their main office in Wan Chai and it will be credited quickly to your account, where you can exchange them to Bitcoin and withdraw to your wallet. Once you mention bitcoin, banks in China say, No, we dont want to have anything to do with bitcoin, he said.
Most of them are measuring their returns using fiat money instead of bitcoin. Most of them are speculators. Especially online and in international transfers the instantaneous and near-free Bitcoin transactions are far superior to other means. It is up to the user to follow the appropriate Anti-Money-Laundering and Know-Your-Customer rules. In this environment it is easy for scammers to attempt to defraud you of your Dollars or Bitcoin in certain kinds of transactions. ANX Once you are signed up and verified, depositing your Hong Kong dollars with ANX is easy. While banks in Hong Kong are more open to digital currencies, mainland banks remain wary, despite a relatively relaxed stance on the currencies from the central government. But there may be a problem one day. Perform your own due diligence and choose a wallet where you will keep your bitcoin before selecting an exchange. Earn Bitcoin The by far cheapest way to get Bitcoin is to accept them as payment. Its just that on the operational level, mainland banks are very against bitcoin.
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