Crypto Banks
How to Buy Crypto with Hang Seng Bank

How to Buy Crypto with Hang Seng Bank

Fact Checked
January 28, 2023
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Summary: Hang Seng Bank does not currently offer any direct support for buying or selling Bitcoin and cryptocurrencies. This means that investors will need to sign up to a licensed exchange in Hong Kong to deposit funds to purchase digital assets.

Our top pick for users in Hong Kong is OKX. They are a Securities and Futures Commission (SFC) regulated trading platform in the country that offer fast and cheap HKD deposits to trade 300+ cryptocurrencies with low fees.

Table of Contents

Best Crypto Exchange for Hang Seng Bank

Platform Highlights

  • Free and instant Hong Kong Dollar (HKD) deposits from Hang Seng Bank accounts and cards.
  • Trade & Stake over 300 Cryptos with low fees and tight spreads.
  • Feature-rich platform with Staking, an NFT Marketplace, OKX Chain, OTC Support & more.
OKX - Hang Seng Bank
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How to Buy Bitcoin and Crypto with Hang Seng Bank

The best way to invest in Bitcoin, Ethereum and other cryptocurrencies with a Hang Seng Bank account is with the OKX platform. They offer instant HKD or USD deposits via bank transfer, debit card or credit card to trade over 300 cryptocurrencies with low fees. Their platform also offers crypto staking that allows you to earn interest of up to 25% APY on deposits.

You can get started in 4 simple steps:

  1. Sign Up: Create an account on OKX and complete your verification.
  2. Find the Buy Page: Select the 'Buy Crypto' tab in the navigation menu.
  3. Deposit Funds: Select HKD and the crypto you want to buy, then input the amount you want to deposit.
  4. Buy Crypto: Click 'Buy' button and select your payment method. We recommend using 'P2P Express' to facilitate a Bank Transfer to deposit HKD onto OKX.
Buy Crypto HKD
Buy Crypto with HKD from Hang Seng Bank.

Is Hang Seng Bank Crypto-Friendly?

Yes, Hang Seng Bank is a crypto-friendly bank in Hong Kong. They allow customers to deposit funds into licensed digital asset trading platforms. The bank has also announced that it is exploring the possibility of offering cryptocurrency-related services to its customers. The move comes as more and more businesses in the city are beginning to accept crypto as payment.

While the bank has not yet made a final decision on whether or not to offer such services, the fact that it is considering doing so is a positive sign for the cryptocurrency industry. If Hang Seng Bank does eventually offer crypto-related services, it would likely be a boost for the adoption of cryptocurrencies in Hong Kong.

About Hang Seng Bank

Hang Seng Bank Limited is a bank headquartered in Hong Kong. It is one of the largest banks in Hong Kong by market capitalisation, and a member of the HSBC Group. The bank's head office is located in Central, Hong Kong Island.

The bank was founded in 1933 as Shin Hing Bank and changed its name to Hang Seng Bank Limited in 1960. It has been a subsidiary of HSBC since 1965. The bank has over 260 branches in Hong Kong and operates personal banking, commercial banking, wealth management, private banking, corporate banking businesses.

Hang Seng Bank is one of the three note-issuing banks in Hong Kong and is also one of the four clearing banks in Hong Kong. The bank is a constituent stock of Hang Seng Index, one of the major stock indices in Hong Kong.

The bank was ranked 64th among the world's top 1,000 banks by The Banker magazine in July 2021 and 5th among Asian banks.

Final Thoughts

Hang Seng Bank does not currently offer any direct support for buying or selling Bitcoin and other cryptocurrencies. However, it is crypto-friendly and customers can deposit funds into licensed exchanges to purchase digital assets. Our top pick for users in Hong Kong is OKX – a regulated trading platform with low fees, fast deposits and more than 300 cryptocurrencies available.

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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