Buy Bitcoin from China with Chinese Yuan(CNY)
- Not many crypto exchange accepts Chinese users and deposits with Chinese Yuan(CNY)
- Peer-to-peer exchanges has no KYC requirements and can accept users from all around the world
P2P Exchanges Accepting Chinese Yuan(CNY)
Buy Bitcoin with Chinese Yuan(CNY) from China
- None of the global crypto trading sites are accepting Chinese users.
- Crypto P2P exchanges like Bitvalve and LocalCoinSwap accept users worldwide, and the supply comes directly from individuals, including from China.
- Alipay and WeChat are the most common payment methods for CNY.
- Changelly accepts CNY via third-party services MoonPay and Simplex.
The advantage of P2P platforms is that you can find almost any deposit method available. If you don’t find a deposit method, you can put an ad with your desired payment method and the amount of BTC you want to buy.
LocalCoinSwap – Buy BTC with CNY
- Buy BTC, ETH, USDC, USDT, DAI, and more cryptos worldwide using 300+ payment methods.
- Exchange Bitcoin, Ethereum, and other popular cryptocurrencies using secure smart contracts and Bitcoin scripts alongside wallets where you control the private keys.
- LocalCoinSwap is one of the bigger crypto peer-to-peer exchanges with the obvious advantage with many orders available for many different payment methods.
How to Buy Bitcoin on LocalCoinSwap?
- Register with LocalCoinSwap
- Search offers
- Initiate a trade
Bitvalve – Buy BTC with CNY
- Buy 16 different cryptocurrencies on BitValve from anywhere in the world.
- Use any of the 300+ supported payment methods.
- Get 10 BTV for free when signing up with Cryptocoinzone.
- BitValve is a small crypto peer-to-peer exchange with advantages like no trading fees and no KYC up to $1000.
How to Buy Bitcoin on BitValve?
- Register with BitValve
- Search offers
- Initiate a trade
Why is it hard to buy Bitcoin in China?
In China, crypto exchanges have been outlawed since 2017, while crypto itself was outlawed in 2021.
In 2023, there are eight countries where crypto is illegal. These are,
- China
- Nepal
- Afghanistan
- Bangladesh
- Morocco
- Algeria
- Egypt
- Bolivia
Still, P2P exchanges don’t require any KYC or ID, which means that anyone can transact Bitcoin or any other cryptocurrencies since the nation states can’t control non-custodial crypto assets.
