In the cryptocurrency market, legally and compliantly exchanging digital assets like USDT for fiat currency (such as RMB, USD, etc.) is a topic of concern for many investors. This article will share several legal 'out U' channels and methods to help users dispose of assets while ensuring compliance.

Special statement: This article is only applicable to ordinary users with clean sources of funds, used for personal consumption and normal investment.

One. Licensed cryptocurrency exchanges in Hong Kong + broker channels to exchange U

Currently, there are several licensed cryptocurrency exchanges approved by the Hong Kong Securities and Futures Commission, through which users can exchange USDT for BTC, ETH, or fiat currency (such as HKD or USD) and transfer funds to Hong Kong bank accounts. This method has good compliance, a clear funding flow, and relatively low market risk.

Advantages:

  • Good compliance, avoiding the risks of money laundering and frozen funds.

  • Funds arrive quickly.

Disadvantages:

  • Mainland residents cannot directly open accounts and may need assistance from overseas friends and relatives.

  • For small transactions, one may need to go to Hong Kong to handle related procedures.

Two. Leading Exchanges OTC Trading

Through OTC (over-the-counter) services on major platforms like Binance, users can conveniently sell USDT. This method is simple to operate but may also carry risks—such as encountering money laundering transactions, leading to banned bank cards or funds being processed by judicial authorities.

Recommendations:

  • It is essential to carefully verify the credibility and historical transaction records of the trading counterpart and to choose reliable merchants.

Three. U Card to Cash

U cards (such as Mastercard, UnionPay cards) can be used to exchange for cryptocurrency assets. Some U cards can be linked to payment tools like WeChat for consumption, and the source of funds is relatively secure.

Risks:

  • U card service providers may suddenly stop services, making funds in the card inaccessible.

  • Careful selection of service providers is needed to avoid being influenced by unreliable agents.

Four. U Merchant to Cash

The risk of exchanging U coins through U merchants is relatively high, similar to the risks associated with OTC trading, as it may involve money laundering transactions, resulting in frozen funds or being investigated by judicial authorities.

Recommendations:

  • Do not easily trust advertisements for 'frozen card guarantees' or 'frozen card compensation'; only transact with trustworthy partners to reduce risks.

Five. Offline U Exchange in Hong Kong

In Hong Kong, some physical stores offer U coin exchange services, usually requiring a Hong Kong bank card. These stores do not require customer registration for small transactions (typically under 120,000 HKD).

Advantages:

  • Low transaction costs, suitable for small exchanges.

Risks:

  • There is a lower chance of encountering black shops; choosing stable and long-established stores will reduce such risks.

Six. Summary

Although there are various legal 'out U' methods, there is no completely risk-free option. All channels may involve risks such as frozen funds or receiving laundered money. Therefore, it is advised that everyone be cautious when exchanging U, carefully assess risks, and avoid making hasty decisions.





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