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.
How to invest in Digital Assets from Hang Seng Bank
The best way to invest in Bitcoin, Ethereum and other cryptocurrencies with a Hang Seng Bank account is with the Uphold platform. They offer instant HKD or USD deposits via bank transfer, debit card or credit card to trade over 200 cryptocurrencies with zero 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:
- Step 1: Sign up to the Uphold platform and verify your identity.
- Step 2: Connect your Hang Seng Bank account to Uphold by selecting the 'Link a bank account' button on your dashboard. Or, deposit via Debit or Credit Card (recommended).
- Step 3: Find the crypto, stock or ETF you want to buy on the platform.
- Step 4: Input the HKD amount you want to invest and execute your trade.
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.