For those looking to buy or sell Bitcoin and other cryptocurrencies in Tai Po, Hong Kong, crypto ATMs provide a fast and straightforward solution without the need for online exchange accounts.
Locations of Bitcoin ATMs in Tai Po
While Tai Po has fewer crypto ATMs compared to busier districts, you may find them at:
- Tai Po Mega Mall (check near exits or convenience stores)
- Tai Po Market MTR Station (some machines may be installed nearby)
- Local electronics shops and convenience stores
How to Use a Bitcoin ATM
The process is simple:
- Select either “Buy” or “Sell”
- Scan your cryptocurrency wallet QR code (or insert cash if buying)
- Confirm the transaction details
- Complete the transaction – your crypto or cash will be processed immediately
Important Considerations
- Fees: Typically between 5-10%, which is higher than most online exchanges
- Transaction Limits: Usually around HKD $10,000 per day, with identity verification required for larger amounts
- Supported Cryptocurrencies: Primarily Bitcoin (BTC), with some machines also supporting Ethereum (ETH)
Advantages of Using a Tai Po Bitcoin ATM
- Speed: Transactions are completed instantly, unlike bank transfers which can take time
- Privacy: Small transactions often do not require identity verification
- Ease of Use: No need to create an account or go through lengthy verification processes
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