Buy Bitcoin in Macao

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You'll need a Bitcoin wallet before you buy since some exchanges require one.

Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.

  • Popular Exchanges to Buy Bitcoin in Macao
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Your capital is at risk.

    We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

  • Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker

CoinmamaCoinmama Buy Bitcoin Read Review

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
Ease of Use
Easy
Privacy
Low
Speed
Fast
Fees
Average
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Ease of Use
Hard
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

KrakenKraken Buy Bitcoin Read Review

Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.

Pros
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

BTCCBTCC Buy Bitcoin

BTCC is China's second largest Bitcoin exchange and the longest-running Bitcoin exchange in the world. You can fund your exchange account online via bank transfer.

Pros
  • BTCC has great liquidity and good prices
  • Bank deposits are processed within 30 minutes of confirmation
Cons
  • Not private since identity verification is required
  • Interface may be confusing for first-time buyers
  • Limited payment methods; only bank transfer
  • Bank transfers not originating from China Merchants Bank may be delayed outside regular banking times
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

OKCoinOKCoin Buy Bitcoin

OKCoin is the largest Bitcoin exchange in China. Customers can make deposits to their exchange accounts via bank transfer.

Pros
  • OKCoin has great liquidity and good prices
  • Wechat integration
  • Offers USD as well as CNY trading
Cons
  • Not private since identity verification is required
  • Interface may be confusing for first-time buyers
  • Limited payment methods; only bank transfer
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

HuobiHuobi Buy Bitcoin

Huobi is the third largest Bitcoin exchange in China. You can fund your exchange account online via CNY bank transfer or with USD via OKPay (1.5% fee) or international wire transfer (1% fee).

Pros
  • Huobi has great liquidity and good prices
  • Always-available, bilingual customer support
  • Offers USD as well as CNY trading
Cons
  • Not private since identity verification is required
  • Interface may be confusing for first-time buyers
  • Limited payment methods; only bank transfer
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

Mycelium Local TraderMycelium Local Trader Buy Bitcoin

Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.

Pros
  • Easy and cheap way to buy bitcoins with cash
  • Private way to buy bitcoins, no personal information required beyond cellphone number
Cons
  • Users in sparsely populated areas will have trouble finding sellers
Ease of Use
Average
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

How to Buy Bitcoin in Macao

Macao, the autonomous region in the south of China's coast, is often referred to as "Las Vegas of Asia" thanks to its giant casinos and malls on the Cotai Strip.

The Chinese government has imposed harsher restrictions on Bitcoin and other cryptocurrencies than other countries around the world, and being a subsidiary of China, Macao is under their rule of law.

Although Bitcoin is legal in China, financial institutions are not allowed to facilitate cryptocurrency transactions, nor are banks or payment companies. Since the end of 2017, China's crackdowns on Bitcoin have led to the demise of more than 80 cryptocurrency exchanges.

However, residents of Macao and China are still allowed to own Bitcoin, provided they don't use it for anything illegal. There are eight exchanges available to citizens of Macao, including Coinmama, one of the most popular exchanges in the world. Since Macao doesn't have any Bitcoin ATMs, LocalBitcoins is another option for those concerned about their privacy.

Before you buy Bitcoin, it's essential to store it safely. Centralized exchanges are vulnerable to hackers and theft - storing your coins on a cold storage hardware wallet is the only way to protect your investment entirely. We recommend the Ledger Nano S, the most popular and secure Bitcoin wallet on the market.

Bitcoin Mining in Macao

Electricity prices are one of the leading factors used to determine Bitcoin mining profitability. If you spend more on electricity than you make in Bitcoin, you're losing money.

That's why the majority of mining operations were in China, where electricity is cheap. At least, until China changed its mind about mining. More on that below.

Citizens of Macao pay a bit more for their electricity than those living in the United States. Macao's electricity prices come in at $0.15 per kWh, compared to the United States' average cost of $0.12.

Unfortunately, the price of electricity is too high in Macao for a profitable mining operation. Bitcoin mining is not what it used to be in its golden age when anyone could mine profitably.

According to our mining calculator, even the best mining hardware isn't sufficient to turn a profit. You'd lose more than $1,000 per year mining in Macao.

On top of expensive electricity prices, the Chinese government is actively trying to drive mining operations out of the country anyway (Source), saying they're 'wasteful'. China is home to the majority of mining operations, and now they want the miners gone.

If you want to acquire Bitcoin, buying it directly from an exchange is your best bet.