The Bitcoin ATM picture in Sheung Wan is simple on paper. On the operator lists we checked on 6 October 2026, the district has three machines, all run by CoinUnit, all open 24/7, all buy-only. What makes it unusual is the neighbourhood: Sheung Wan is the Island’s traditional belt of money changers and remittance shops, and over the past year it has seen a run of robberies involving large amounts of cash. So alongside the machine list, this page spends real time on safety. Counts come from operator lists, not site visits.
Bitcoin ATMs in Sheung Wan: the three machines
All three sit in self-service spaces: two LaundrYup laundromats and the lobby of a serviced co-living building. COINHERO and Localcoin have no machine here; COINHERO’s nearest is at 151 Queen’s Road Central, which we count as Central. Addresses below are exactly as CoinUnit publishes them:
CoinUnit doesn’t publish a fee. Its FAQ says the charge can change at any time and the exact figure appears on the machine’s screen. It accepts only HK$500 and HK$1,000 notes, with a HK$500 minimum, and sells BTC, ETH (ERC-20), DOGE, LTC and TRX (TRC-20). You can’t sell at the machine; to sell crypto to CoinUnit you fill in the “Submit a request” form on its website. Before you confirm, read the rate and fee on the screen and double-check the wallet address is your own.
Lists change. In late September 2026 CoinUnit still showed a machine at Fook Sing Court as Sheung Wan #3; by 6 October that location had gone and a new unit in the Dash Living lobby at 263 Hollywood Road had taken the number. Laundromat machines move often, so open CoinUnit’s district page before you walk over.
Hollywood Road and Bonham Strand: two Sheung Wans
The three machines happen to sit on two very different streets. The pair on Hollywood Road are on the antiques and gallery strip near Man Mo Temple, busy with visitors by day and quieter at night; Dash Living is a serviced co-living block, so its lobby machine mostly serves residents and neighbours. The Bonham Strand machine sits in a ground-floor laundromat in Bonham Trade Centre, near Burd Street, in the heart of the old dried-seafood quarter, which doubles as the district’s remittance and money-changer belt.
That context matters. Nearly every “money changer” in Sheung Wan is a traditional foreign-currency shop with no crypto business. We found no crypto exchange shop in Sheung Wan on any operator site. A third-party directory listed one, MINEX.HK, in January 2025, but that entry is stale and unverified. In practice, the three ATMs are all Sheung Wan offers.
The Sheung Wan robbery record
These are the cases reported between December 2025 and March 2026 that involved Sheung Wan money changers or crypto shops. They share a pattern: victims carrying large amounts of cash, mostly in the morning, on main roads or at MTR exits. Ming Pao reported in March 2026 that Sheung Wan had seen three similar cases in three months.
- 18 Dec 2025About ¥1 billion seized outside 181 Queen’s Road Central
Staff of a Japanese company were robbed of roughly ¥1 billion (about HK$50 million); police arrested 15. Reports differ on whether the cash was bound for a money changer or a crypto OTC shop.
- 30 Jan 2026¥51–58 million snatched on Des Voeux Road Central
Two Japanese men were robbed; six people were arrested, including two employees of a Tsim Sha Tsui virtual-currency shop accused of helping dispose of the loot. About ¥7 million was traced at a money changer.
- 6 Mar 2026Knife robbery at Sheung Wan MTR Exit B
About HK$10 million in US dollars and renminbi was taken from customers after a money-changer deal. Organised Crime and Triad Bureau officers lying in wait arrested three.
Every one of these targeted people carrying millions in cash, which is not the same as feeding a few hundred dollars into a laundromat machine. But the record says two things. Criminals know Sheung Wan is where big cash moves. And crypto shops have already turned up in these investigations, as the January case shows. That is why we never describe Sheung Wan as a place for cash handovers.
A cash safety checklist for Sheung Wan
- Carry only what you need
The minimum is HK$500 and the machines take only HK$500 and HK$1,000 notes. Bring the exact amount; don’t thumb through a wad of cash on the pavement.
- Pick your time
The laundromats are open all night, but quiet. Go in daylight or early evening when people are about, and notice whether anyone follows you in.
- Use your own wallet only
Buy into a wallet you control. If anyone, by phone or social media, tells you to buy at an ATM and send the coins to them, it is a scam.
- Switch to a bank transfer for bigger sums
Above a few tens of thousands of dollars, use FPS to a licensed platform and leave the cash in the bank.
- Get help fast
Call the police at once if threatened. If you suspect a scam, ring the 18222 Anti-Scam Helpline or check details on Scameter.
After you buy: storing and selling
Coins bought at a Sheung Wan ATM go straight to the address you scan, so keeping them safe is your job. A phone wallet is fine for small sums; for larger amounts or long-term holding, consider a hardware wallet, as our wallet guide explains, and never photograph your recovery phrase or store it in the cloud. When you want to sell, the local machines can’t help: CoinUnit handles sales through an online form, and the Island’s only on-the-spot buy-back ATM is in Causeway Bay. The steadier route is to send the coins to your account on a licensed platform, sell there and withdraw to a bank account in your own name; licensed platforms may ask you to prove the wallet is yours when coins move in or out. Our cash-out guide compares the costs.
Like every ATM operator in Hong Kong, CoinUnit holds no SFC licence. If something goes wrong, say the coins never arrive, your only recourse is to contact the operator with your receipt; there is no regulator to complain to. Keep the receipt or a screenshot after every transaction until the coins land.
USDT in Sheung Wan: what the law says
“Sheung Wan USDT” is one of the few district searches with real volume, but the answer may disappoint. The Stablecoins Ordinance (Cap. 656) took effect on 1 August 2025; only permitted offerors may offer specified stablecoins to the public, and in its answer to LegCo question 10 on 10 September 2025 the government said OTC shops are not among them. Meanwhile the bill to license crypto dealers had still not been introduced to LegCo as of 6 October 2026, and it will have no transitional period when it arrives.
Anyone in Sheung Wan offering to sell you USDT is therefore operating in a grey zone at best. For the legal routes, read our USDT guide; for the law itself, our stablecoin rules explainer.
Nearest alternatives to Sheung Wan
Sheung Wan has no buy-back machine and no shop, but its neighbours are close. A ten-minute walk east, or one MTR stop, brings you to Central: a 24-hour COINHERO machine in the Meow Claw arcade at 151 Queen’s Road Central, CoinUnit’s unit at Central Pier 7, and Crypto HK’s office desk on the 15th floor of 9 Queen’s Road Central (weekdays 10am–7pm). For a staffed counter at the weekend, go one more stop to Admiralty Centre.
Head west instead and the machines multiply. Sai Ying Pun, Shek Tong Tsui and Kennedy Town have a string of laundromat units; Sai Ying Pun alone lists five from three operators, on Eastern Street, Third Street, Water Street, Des Voeux Road West and Connaught Road West. To sell for cash, the Island’s only option is COINHERO’s 24-hour flagship in Causeway Bay at 1A Canal Road East. The full picture is on the areas map and the Bitcoin ATM map, and every staffed counter is in our crypto exchange shops guide.
Online routes: most people don’t need an ATM
Sheung Wan is full of offices and flats, and for most people who live or work here, buying online makes more sense than walking cash to a laundromat. SFC-licensed platforms accept Hong Kong dollars by FPS and eDDA, usually at a fraction of an ATM’s cost. If you already bank with ZA, Mox, Futu or Tiger, you can buy inside the bank and broker apps. Before signing up anywhere, check the company name and web address against the SFC-licensed platforms list.
Sheung Wan’s three ATMs are fine for a small first try. They are not a place for big cash.
The district’s problem isn’t the machines, it’s the cash. Every recent robbery involved large sums changing hands. A few hundred dollars at a laundromat is reasonable; tens of thousands should travel by bank transfer to a licensed platform.
Frequently asked questions
Where is the Bitcoin ATM in Sheung Wan?
CoinUnit’s list, checked on 6 October 2026, shows three: a LaundrYup laundromat in Bonham Trade Centre at 50–54 Bonham Strand, another LaundrYup at 203–205 Hollywood Road, and a machine in the lobby of Dash Living at 263 Hollywood Road. All three are open 24/7 and buy-only. COINHERO and Localcoin have nothing in Sheung Wan.
Is there a USDT exchange shop in Sheung Wan?
We found no crypto exchange shop in Sheung Wan on any operator website. And since the Stablecoins Ordinance took effect on 1 August 2025, OTC shops are not permitted to offer USDT to the public. The district’s traditional money changers deal in foreign currency only; treat anyone offering a USDT cash handover in Sheung Wan as high risk.
Is it really unsafe near the Sheung Wan money changers?
Between December 2025 and March 2026 Sheung Wan saw at least three large cash robberies linked to money changers, including a knife robbery at Sheung Wan MTR Exit B on 6 March 2026 involving about HK$10 million. The targets carried large sums of cash. Buying a few hundred dollars at an ATM is a different risk, but never count or show large amounts in the street.
Can I sell crypto at an ATM in Sheung Wan?
No. All three CoinUnit machines are buy-only; CoinUnit handles sales through an online form. The Island’s only machine that buys back for cash is COINHERO’s 24-hour flagship at 1A Canal Road East in Causeway Bay, with two more in Tsim Sha Tsui. Selling on a licensed platform and withdrawing to your bank is usually safer.
Sources
- CoinUnit — Hong Kong Bitcoin ATMs (three in Sheung Wan) · checked 6 Oct 2026
- RTHK — robbery at Sheung Wan MTR Exit B · 6 Mar 2026
- SCMP — 15 arrested over ¥1 billion robbery · Dec 2025
- Wen Wei Po — Des Voeux Road yen robbery · 31 Jan 2026
- HKSAR Government — LCQ10: stablecoins and OTC shops · 10 Sep 2025
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