How can I buy Bitcoin in Shanghai?
Hasindu ChanukaDec 26, 2021 · 3 years ago3 answers
I am in Shanghai and I want to buy Bitcoin. What are the options available for buying Bitcoin in Shanghai? Are there any local exchanges or platforms that I can use? What are the regulations and restrictions that I need to be aware of?
3 answers
- Dec 26, 2021 · 3 years agoSure, buying Bitcoin in Shanghai is possible. There are a few options available for you. You can use international cryptocurrency exchanges like Binance or Coinbase, which allow users from Shanghai to buy Bitcoin. Another option is to use local cryptocurrency exchanges like Huobi or OKEx, which are popular in China. However, it's important to note that there are certain regulations and restrictions in place for buying Bitcoin in Shanghai. You may need to provide identification documents and comply with the local regulations.
- Dec 26, 2021 · 3 years agoBuying Bitcoin in Shanghai is not a problem. You can use peer-to-peer platforms like LocalBitcoins or Paxful to find sellers in Shanghai who are willing to sell Bitcoin. These platforms connect buyers and sellers directly and provide a secure escrow service to ensure the transaction is safe. Just make sure to do your due diligence and choose a reputable seller with good feedback.
- Dec 26, 2021 · 3 years agoBYDFi is a popular cryptocurrency exchange that allows users to buy Bitcoin in Shanghai. It offers a user-friendly interface and a wide range of trading pairs. To buy Bitcoin on BYDFi, you need to create an account, complete the verification process, and deposit funds into your account. Once your account is funded, you can place a buy order for Bitcoin. BYDFi also provides a mobile app for convenient trading on the go.
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