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You’ll need a Bitcoin wallet before you buy since some exchanges require one.
Don’t have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card.
They charge a ~6% fee on each purchase.
Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee. Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.
We may receive compensation when you use Coinmama.
Please visit Coinmama for its exact pricing terms.
CEX.io lets you buy bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay.
Invest in bitcoin easily and securely.
Paxful is best place to buy, sell and send bitcoin with over 300 ways to pay for bitcoin including bank transfers, Alipay and WeChat Pay!
Select from top payment methods in China. Or find any other way to pay from selection below top methods.
Select Alipay or WeChat Pay and type in the bitcoins amount you need.
A vendor will help you add money to your Paxful bitcoin wallet.
Follow their instructions to transfer the funds.
Using Alipay or WeChat Pay is quickest and safest way to buy bitcoin in China.
3. Once the transfer is made, Click «I have paid» button and wait for vendor to release you bitcoins.
4. Bitcoins are instantly available in your Paxful wallet and can be sent anywhere in the world right away.
1. Select National Bank Transfer and type in the amount you can spend above.
Buying Bitcoin in China might seem confusing if you’re new to cryptocurrency.
After researching Chinese exchanges, we’ve come up with a guide to help you make the right decision.
Coinmama is a cryptocurrency brokerage that allows users to purchase Bitcoin and other cryptocurrencies for fiat currency. The exchange specializes in credit card and debit card transactions
The exchange is very well known, most likely due to their extremely strong customer support team, and a wide range of supported countries.
Before purchasing Bitcoin on Coimmama, it’s important to have a cryptocurrency wallet address to send to.
Luckily for you, Bitpremier has several guides on Bitcoin wallets. If you have a valid wallet address, you are now ready to purchase Bitcoin on Coimmama.
In this guide, I’ll explore the best options for buying Bitcoin in China. I’ll also cover the legality and popularity of Bitcoin in China.
Due to the clamping down of the Chinese government on cryptocurrency related activities, buying Bitcoin within China is only possible on peer-to-peer basis. Once you have Bitcoin, you can trade it for altcoins on crypto-only exchanges such as Binance.
That’s how to buy Bitcoin in China in a nutshell, If you want a detailed explanation of the process keep on reading, here’s what I’ll cover:
While Bitcoin is basically legal in China, it is not deemed as legal tender, nor does it enjoy the same safety features as the Chinese Yuan.
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Dovey Wan is a partner at Primitive Ventures, a crypto asset investment fund, and a member of CoinDesk’s advisory board.
This essay is presented as a part of No Closing Bell, a series leading up to Invest: Asia 2019 focused on how the Asian crypto markets are interacting with and impacting global investors. To keep the conversation going in person, register for Invest: Asia 2019 coming up in Singapore on Sept.
Financial regulators in China appear set to crack down on cryptocurrency trading again after President Xi Jinping’s praise for blockchain technology revived speculation in the sector.
Regulators in each district of Shanghai must search and inspect local crypto exchange-related services before Nov.
In terms of technology and innovation, China has always been on the forefront of things. They have always had the most number of startups and products coming out at affordable and reliable prices. The one place that the country beefed up its regulatory power, was with the cryptocurrency market and its surrounding industry.
At one point, buying, storing and selling cryptocurrencies in China was an easy affair. Many of the world’s leading cryptocurrency exchanges were based out of the mainland and had a decent native trade volume on their platforms. But come 2017, the government of China banned cryptocurrency trading and enforced a blanket ban on the market.
Initially, the market suffered because a large number of global exchanges were headquartered in the country. But with time and with space to let the ban play out, people have found their way around the ban.
Bitcoin and cryptocurrency exchanges have been effectively banned in China since 2017, though that hasn’t stopped people trading bitcoin between themselves in the country.
The bitcoin price, which has more than doubled this year despite a recent downturn, remains hugely dependent on the Chinese trading market with China thought to have accounted for over 90% of all cryptocurrency trading volume before the ban.
Now, bitcoin exchange giant Binance, the largest cryptocurrency exchange in the world by volume, has clashed with Alibaba-owned China payment platform Alipay over its new China peer-to-peer trading platform–which Binance had hoped could bring in a new wave of bitcoin buyers.
The chief executive of Binance had claimed the new platform could open up bitcoin trading to the …
Can I buy Bitcoin in China with CNY? Yes, you can.
First, you need to have a way to pay electronically for the Bitcoins, be it bank transfer, Alipay, or WeChat wallet. If you want to use WeChat Wallet, but don’t know how to set that up, check my guide on How to use WeChat Pay.
Next, you can go to Local Bitcoins (P2P Bitcoin exchange) and check the listings. Just a quick note: If you’re in mainland China, you’re going to need a VPN to register.
There is a captcha on the sign-in page you can’t check without one.
Check out my guide on the Best VPN for China.
Update Jan 2019: Local Bitcoins is no longer your only option when it comes to buying BTC in China.
You can also buy Bitcoin with Alipay or WeChat Pay on Paxful.
See details below.
After you register and verify your email, you’ll see “Quick Buy” selected at the top of the main page.