Crypto ATMs for sale in Hong Kong
Bitcovault Crypto ATMs Сompany offers you to buy Bitcoin ATMs in Hong Kong with equipment delivery to your business location in HK.
Bitcoin ATMs for sale provided by Bitcovault is an excellent opportunity to start your own profitable business in the Hong Kong in the field of crypto technologies with a minimum return on investment and payback period.
Our benefits
Adjust fees and control ROI
2 weeks lead time
Free shipping across USA
1-year warranty
Hardware and Security
Ergonomically sleek and Smart Design with several color options to choose from
Easy to install with safety option to bolt ATM to the floor
MEI Bill Acceptor with 1200 bill capacity AND Fujitsu Bill Dispenser with 1000 bill capacity
17’-19’ Touch Screen options
Custom Thermal Printer that prints QR Code receipts for your customers
Built with robust steel material weighing approx. 235 lb.
Designed for secure cash access through Double Panel entry equipped with electronic Audit Lock
Simple access for First Line maintenance personnel
The most advanced webcam available
State-of-the-art software with reliable back-end access
About Bitcovault Bitcoin ATMs
Bitcovault teller machines for cryptocurrency exchanging: Bitcoin and Ethereum into fiat money (HK dollars, etc.) are reliable and flexible; they are manufactured by the company with a great experience in the field of fintech equipment and software development.
It is worth noting that the software installed on Bitcoin ATMs produced by Bitcovault is developed by a team of developers inside the company, which ensures the reliability and flexibility of the whole crypto system. We have also developed our own crypto wallet called Payperless - which guarantees that we have a state-of-the-art team of developers and technical support for our product - Bitcoin machines in HK.
Who regulates the crypto market in Hong Kong
The main bodies overseeing cryptocurrency in Hong Kong are:
- Securities and Futures Commission (SFC);
- Hong Kong Monetary Authority (HKMA).
It is they who published a joint circular on crypto-asset intermediary activities and crypto ATMs dated January 28, 2022 (the "Circular"). The said document replaces the previous circular for crypto intermediaries dated November 1, 2018, and is the main document regulating the Hong Kong crypto market. It answers questions regarding:
- The distribution of crypto-asset-related products;
- Providing dealing services with virtual assets;
- Providing advisory services on crypto assets.
The circular establishes a number of new requirements for intermediaries in the crypto-asset market. It obliges all active participants within 6 months (till 28.07.2022) to switch to new rules. Crypto exchanges and other market operators need to make the necessary adjustments to their policies, procedures, systems, and controls to comply with the new requirements.
New requirements for authorized institutions in Hong Kong
Circular dated Jan. 28, 2022, requires all intermediaries in Hong Kong's cryptocurrency market before they engage in activities:
- Guarantee that such activities will not violate any applicable laws and regulations in Hong Kong or any other
- relevant jurisdictions. And seek legal advice if necessary;
- carry out an adequate risk assessment;
Discuss with the HKMA (and other regulatory authorities) before launching relevant products or services and obtain feedback from those authorities on the adequacy of risk management controls.
The HKMA circular also provides guidance on issues such as prudential risks, anti-money laundering, terrorist financing, and financial crime risk.
Prudential supervision.
The HKMA does not intend to prohibit intermediaries from engaging in risky cryptocurrency transactions (investing in crypto assets, lending against them, buying them on credit);
Market participants are required to conduct a full examination and risk assessment of virtual assets;
Where there are significant risks, authorized institutions are required to build sufficient capital, taking into account relevant requirements applicable to virtual assets.
CHOOSE YOUR MODEL
FAQ on Bitcoin ATMs business in Hong Kong:
Yes, it is. A Bitcoin teller machines operator in the Hong Kong could recoup his investments in 3 to 6 months of business operation. More information on return of investments into crypto ATMs can be found on our profit calculator page.
Bitcoin ATMs in the Hong Kong market may go for as low as $5000-6000 and sell as high as $14,500. The amount for a crypto machine depends on the bitcoin ATM manufacturer and the features of the hardware. The Bitcovault BTC machine that you can buy in the territory of *the US* is a modern ATM that is flexible and reliable thanks to its robust software. All Bitcovault ATM models with prices and description can be found on our online store page.
Yes, it is. You could earn a monthly $2,000 commission on a $20,000 crypto transactions volume if you choose the right place for your ATM business in the territory of Hong Kong. ATM location is a separate question that is very important for the wealth of your business.