# Tsimshatsui USDT Find a Swap Shop Beginner's Guide: A Must Read for First Time Traders

When entering the world of cryptocurrencies, Hong Kong's physical exchange store has become an important bridge to access funds. This article focuses on USDT trading in Tsim Sha Tsui, and teaches you how to safely complete your first exchange!

**🔍 What is a cryptocurrency exchange store? **🔍 What is a cryptocurrency exchange shop?
Hong Kong Crypto Currency Exchange Shop (OTC Shop) is like a traditional foreign currency exchange store, providing two-way service of "Fiat Currency ⇄ Crypto Currency":
- **Buy**: Exchange HKD/USD for USD, BTC, etc. on-site.
- **Sell**: Exchange cryptocurrencies for cash.
The entire process of transferring funds is assisted by the store staff, eliminating the complexity of online transactions. Special Note: **USDT** is the most popular choice for entry as it is anchored to the US Dollar exchange rate.

**📍 Tsimshatsui Swap Shop List
Based on the information of 14 mainstream OTC stores in Hong Kong, selected Tsimshatsui branch information:

| Store Name | Address | Opening Hours | Contact |
|------------------|-----------------------------------|------------------------|-------------------|
| **One Bitcoin** | Room 1905, K11 Atelier, 18 Salisbury Road | Mon - Fri 12:00-18:00 | (+852) 5721 0597 |
| **Coinfactory** | Room 701, 7/F, Kowloon Center Building | Tsimshatsui branch by appointment | WhatsApp 52752357 |
| **Crypto Pro** | Room 607, Block 1, Silvercord, 30 Canton Road | By Appointment | +852 6848 7399 |
| **BTC Shop** | Star Ferry Building, 34 Ashley Road | Not open, suggest checking the official website first | Official Website |
| **Otcxpert** | 1A, 1/F, 23A Granville Road | Mon-Fri 10:00-19:00 | Official Website |


- **One Bitcoin**: The largest number of outlets in Hong Kong (9), with a "large amount counter" in Tsim Sha Tsui, reservation is recommended for a single transaction of 50,000HKD or more.
- **Coinfactory**: Support Telegram real-time exchange rate query (@coinfactory_usdt)
- **Crypto Pro**: Internationalized team with multi-language service.

3 Things to know when trading for the first time** **🚨 First Time Trader
1. **Fluctuating exchange rate**: USDT quotes vary from store to store, check official social accounts (e.g. IG) for price comparison before you go!
2. **Identity verification**: Regulations require that you register your ID card for large-value transactions, so make sure you have a copy of it.
3. **Handling Fee Trap**: Some stores have listed prices that include handling fees, so check the total cost before trading.

**📝 Beginner's Procedure** ① Select a Swap Shop
① Select a replacement store → ② Check the real-time exchange rate on the official website/WhatsApp → ③ Bring cash and wallet address to the store → ④ Verify the amount and complete the transfer → ⑤ Confirm the blockchain to the account.

**Frequently Asked Questions (FAQs)
▸ **Is it safe? ** Licensed brick-and-mortar stores are regulated by Hong Kong laws and regulations and are more reliable than anonymous online transactions
▸ **Is there a limit? ** Legal tender exchange is regulated by the Anti-Money Laundering Ordinance and large amounts need to be declared.
▸ **Cash only? ** Most stores support bank transfers, but cash transactions are more instantaneous.

**💡 Advantages of Tsim Sha Tsui
Adjacent to the financial core of Victoria Harbour, the exchange stores are concentrated in commercial buildings with easy access to transportation (5-minute walk from Tsim Sha Tsui Station Exit J/E to many of them), which makes it suitable for completing high-frequency transactions quickly. Remember:** Business hours are mostly weekdays**, and only a few are open on weekends, so avoid being caught in a rush!

> Risk warning: cryptocurrency prices fluctuate greatly, assess your own risk tolerance before exchanging. This article only provides information about the store, and does not constitute investment advice.

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