How to Buy Crypto and Bitcoin in China

China remains a significant player in the global cryptocurrency market despite its regulatory restrictions. While cryptocurrencies like Bitcoin and USDT are not recognized as legal tender, individuals can still trade and own digital assets through international platforms such as CEX.IO, a globally trusted cryptocurrency exchange.

In this guide, we explore how to buy Bitcoin and other cryptocurrencies in China and outline why CEX.IO might be the best Bitcoin exchange platform for China-based enthusiasts. 

Step-by-Step Guide to Buying Crypto in China through CEX.IO

CEX.IO provides an intuitive platform for individuals in China to access over 200 cryptocurrencies. By registering on our platform, eligible users can access an advanced suite of tools, Spot Trading, and a free crypto wallet. 

The most intuitive for enthusiasts in China to obtain crypto on CEX.IO is through the Convert service. This functionality is available across our web browse platform and mobile apps (iOS and Android) and allows eligible participants to buy crypto using funds deposited with their preferred payment methods. Here’s how you can buy Bitcoin and other crypto through our Convert feature: 

1. Create a CEX.IO account and complete the verification process for secure access to our services.
2. From the dashboard or under the Products menu, select Wallet.
3. Select USD, EUR, or GBP as a fiat currency you want to use for your purchase. 
4. Specify the amount you wish to spend.
5. Select an available payment method and complete the deposit. 
6. When funds arrive at CEX.IO, open the Wallet page and click Convert next to the deposited currency. 
7. Choose what currency you want to receive and enter the amount. 
8. Click Convert to finish.

To stay updated on market trends, visit our live crypto prices page.

Legal Framework and Regulations in China

China’s government has implemented strict controls on cryptocurrency activities, including a ban on domestic crypto exchanges and ICOs. However, owning and trading cryptocurrencies via international platforms like CEX.IO is not explicitly prohibited.

Authorities have emphasized regulating crypto to curb financial risks, but users can legally access secure platforms to trade or store digital assets like Bitcoin, Ethereum, or USDT. Still, it’s essential to remain informed about any policy updates to ensure compliance and conduct thorough research before choosing your crypto exchange.

(H2) FAQs

(H3) Is crypto legal in China?

Crypto is not recognized as legal tender in China. However, individuals can still own and trade cryptocurrencies through international platforms like CEX.IO.

(H3) Is there a Bitcoin ATM in China?

Bitcoin ATMs are unavailable due to strict regulations. Instead, eligible users can utilize crypto exchanges, like CEX.IO, to buy, sell, trade, and withdraw crypto.

(H3) Is USDT legal in China?

While USDT is not officially regulated, it is widely used for trading on international exchanges. Besides storing, CEX.IO allows China-based users to conveniently acquire, sell, and trade USDT.