How to trade crypto in Hong Kong like a boss (without banks)

[kaenbiex]

Hi crypto traders, Hong Kong has made some positive changes to its crypto regulations, such as allowing small investors to trade crypto and launching a new licensing regime for crypto exchanges. This is great for us, but the banks are still wary of crypto and don’t want to deal with crypto exchanges and their customers. This makes it hard for us to deposit and withdraw fiat money from our crypto accounts. So how can we trade crypto in Hong Kong like a boss (without banks)? Here are some tips:

• Use peer-to-peer platforms: Buy and sell crypto directly from other users, without any middlemen. Avoid the hassle of dealing with banks and use other payment methods such as cash, e-wallets or gift cards. Some popular peer-to-peer platforms in Hong Kong are LocalBitcoins, Paxful and Binance P2P.
• Use decentralized exchanges: Trade crypto directly from your wallets, without any central authority or intermediary. Trust no one and deposit no money on an exchange. Some popular decentralized exchanges in Hong Kong are Uniswap, SushiSwap and PancakeSwap.
• Use stablecoins: Use cryptocurrencies that are tied to fiat currencies or other assets, such as US dollars or gold. Avoid the fluctuations of fiat currencies and trade crypto more efficiently and securely. Some popular stablecoins in Hong Kong are USDT, USDC and DAI.

These are some of the ways that I trade crypto in Hong Kong like a boss (without banks). What about you? Do you have any other tips or tricks that you use? Share them with me below!
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