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Based on my experience and the information I’ve gathered, HSBC does not currently support the direct deposit of cryptocurrency like Bitcoin or USDT into its accounts. HSBC functions as a traditional banking institution and, while it offers a wide spectrum of financial services—such as shares, bonds, structured products, and gold trading—there is a noticeable absence of cryptocurrencies on its list of supported products. This is consistent with many regulated banks, especially those under strong regulatory oversight in regions like Hong Kong and Malaysia, where HSBC is directly licensed. From a risk management and compliance perspective, banks with HSBC’s profile tend to be cautious regarding crypto assets due to evolving regulatory frameworks, concerns regarding anti-money laundering (AML) compliance, and the volatility inherent to cryptocurrencies. For me as a trader, this reinforces the necessity of distinguishing between banks that offer integrated digital asset solutions and those focused strictly on fiat and regulated traditional finance products. If moving funds from crypto to HSBC is crucial, I’ve always had to first convert digital assets into fiat currency through a licensed exchange before transferring the proceeds to my HSBC account. I advise verifying the latest policies directly from HSBC, as the evolving nature of financial regulation may impact future crypto-related services.