Ether (ETH) is undoubtedly an imperative and competitive token in the cryptocurrency market. The price has gone up by 730% over one year, according to CoinDesk, but unfortunately, it did not get away from the recent price crash events. ETH comes to a high position in recent years. It is not only because of the hype traders believe in it, but also the linked platform behind it. ETH is a native digital asset of Ethereum, the open platform which enables decentralized applications called smart contracts. The decentralized operating system is linked to a variety of projects behind other cryptocurrencies. And that is what adds value to the ETH coin. If you want to trade Ether in Hong Kong, then this guide is for you!
Some people might refer to ETH as the programmable Bitcoin. For individual digital assets traders, there is a common investment option. To buy ETH with the fiat currency you have from secure crypto exchange platforms like ETH Pro. Then to hold the assets they have as long-term investments, generating profits when there is a notable price rise. Eventually, sell it on the exchange.
There are 4 main ways in Hong Kong to trade Ether conveniently, where you secure the best exchange rate from them!
Over-The-Counter (OTC) – Trade ETH Seamingly Without Intermediaries
As digital assets exchanges run as a decentralized way, it does not rely on financial intermediaries nor supervision to run crypto transactions between two parties. And here comes the Over-The-Counter (OTC) market. It is primarily used for electronic trading including currencies, bonds, cryptocurrencies, derivatives, and structured products. All trading can be done through the network conveniently. Crypto investors can also deal with a large number of crypto transactions using an online OTC desk at a great negotiated price. For instance, to buy ETH with 600-thousand HKD at a great rate with just a few clicks.
Peer-to-Peer (P2P) – Buy/Sell ETH directly to individuals
Again, P2P digital assets trades do not involve any financial institution or central exchange. It facilitates digital asset trades and the sharing of information directly between two parties in an easy way. In that way, your data would not disclose to a third party. Crypto trading can be done electronically on mobile devices, including tablets and phones. With P2P trading, investors do not have to submit as much personal information as other centralized exchanges due to the fewer regulations it is subjected to.
Bank Deposits On The Exchange Platform
Trading ETH with a bank deposit is also one of the popular options in Hong Kong. Various platforms support users to buy digital assets with a bank account or bank transfer. And the transfer type depends on specific countries, like SEPA transfer or ACH transfer in the USA. If you want to opt for a bank transfer way in trading Ethereum, look for platforms that accept bank account payments, eg via online bank transfer. In Hong Kong, you may look at platforms like ETH Pro, where bank transfers are available.
Using Credit Card On The Exchange Platform
Using a credit card is also one of the convenient ways to trade on the exchange platform. However, not many cryptocurrency exchanges accept credit card payments. Large crypto platform Coinbase does not accept credit cards payment, while CEX.io and Coinmama said they accept that, Visa and Mastercard. One thing to note that is some credit card issuers might not allow the purchase of digital assets. So even the exchange platform supports it, users have to check whether the card company allows running the payment.
It is common to use the OTC trading method to buy in and sell out your digital assets. And, ETH Pro is the exchange platform where you can trade Ether in Hong Kong securely.
ETH Pro – The ETH OTC Specialist based in Hong Kong
ETH Pro is the Hong Kong Ether specialist, with an average daily volume of 10M+ USDT. It is the professional Ethereum OTC that provides easy crypto settlements within 15 minutes. It also provides flexible payment options including cash settlements, FPS, Alipay HK, and local banks transfer. Cash settlements will be done on spot at the Hong Kong office. The ETH trading process is easy on ETH Pro. Contact the trader through Whatsapp or Telegram. Then, meet with your personal trader and trade securely with the best exchange rate both agreed on. Start your ETH trading with our OTC professionals!
There is always a risk with all types of investment. Investors should get familiar with the digital assets environment and the selected trading platform before you start your trading!