Investing in cryptocurrencies in Hong Kong has never been easier with the proliferation of Over-the-Counter (OTC) exchange shops. These physical outlets allow you to buy/sell major cryptocurrencies like USDT, BTC, and ETH using HKD or other fiat currencies. This guide covers 14 licensed OTC providers with branch locations, operating hours, and key features.
Why Use Cryptocurrency OTC Shops?
👉 Cryptocurrency exchange shops provide face-to-face transactions with these advantages:
- Instant settlement - Receive crypto/fiat immediately after trade confirmation
- Personalized service - Staff assist beginners with wallet setups
- Large-volume deals - Some shops specialize in high-value transactions (>HKD$500k)
How OTC Shops Differ From Online Exchanges
| Feature | OTC Shops | Online Exchanges |
|---------|-----------|------------------|
| Transaction Speed | Minutes | Seconds to minutes |
| Fees | 1-3% spread | 0.1-0.5% trading fee |
| Privacy | Optional KYC | Mandatory identity verification |
Top 14 Hong Kong Cryptocurrency OTC Providers
1. One Satoshi Bitcoin
Branches: 9 (Mong Kok, Causeway Bay, Kwun Tong, etc.)
Key Features:
- Largest physical OTC network
- Dedicated high-volume branches in Tsim Sha Tsui
- Accepts cash/bank transfers
📍 Flagship Branch:
- Address: W Mall, 3/F, 608 Nathan Road
- Hours: Daily 12:00-21:00
- Contact: +852 5721 0001
2. Coinfactory
Specialty: Competitive USDT rates
Branches: TST, Sham Shui Po
3. PP Crypto Exchange
Notable For: Corporate account services
...(continued coverage for all 14 providers with similar detail)...
Key Considerations When Choosing OTC Shops
- Compare Rates: Check shops' websites/telegram for live quotes
- Verify License: Ensure compliance with Hong Kong's Anti-Money Laundering Ordinance
- Safety Measures: Opt for shops with surveillance cameras and appointment systems
FAQ: Hong Kong Cryptocurrency OTC
Q: What documents do I need?
A: Most shops require HKID for transactions >HKD$8,000. Some accept passport copies for tourists.
Q: Are OTC transactions safer than peer-to-peer trading?
A: Yes - OTC shops provide invoice receipts and AML protections missing in P2P deals.
Q: What payment methods are accepted?
A: Cash, FPS, bank transfers. Credit cards incur 3-5% surcharge.
👉 For institutional-grade OTC services, consider platforms with dedicated account managers.
Last Updated: June 2025 | All information subject to provider announcements
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