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 Binance. They are the largest and most trusted digital asset trading platform in Hong Kong that offers instant and free HKD deposits to trade over 350 cryptocurrencies with industry-leading fees.
- Instant and free Hong Kong Dollar (HKD) deposits from Hang Seng Bank.
- Trade 350+ crypto assets with low fees starting at 0.1% per trade.
- Largest and most trusted Cryptocurrency exchange in the world with 100 million users.
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 Binance platform. They offer instant HKD or USD deposits via bank transfer, debit card or credit card to trade over 350 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:
- Sign Up: Register an account on Binance and complete the identity verification process.
- Deposit Funds: Select the Hong Kong Dollar (HKD) as your currency and choose the coin you wish to buy.
- Transfer Funds: Deposit funds from your bank account using a bank transfer or another appropriate method.
- Purchase Crypto: Click 'Buy', and the tokens will be instantly credited to your account.
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 is a prominent bank headquartered in Hong Kong. It is one of the largest banks in the region by market capitalization and a member of the HSBC Group. Founded in 1933, the bank provides a wide range of banking services, including personal, commercial, wealth management, private, and corporate banking. Hang Seng Bank is also one of the three note-issuing banks and one of the four clearing banks in Hong Kong. It holds a significant position in the financial industry and is a constituent stock of the Hang Seng Index, a major stock index in Hong Kong.
Final Thoughts
In conclusion, although Hang Seng Bank does not directly support cryptocurrency transactions, it is a crypto-friendly institution that allows customers to deposit funds into licensed digital asset trading platforms like Binance. Users can easily invest in various cryptocurrencies using their Hang Seng Bank accounts through Binance's secure and globally-trusted platform.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
