After OCBC Singapore Hua Xia Bank announced the suspension of mainland cloud users, obtaining a Hong Kong card seems to be the best solution at present.

The Hong Kong card is not only for investing in Hong Kong and US stocks; it is also very necessary for cryptocurrency investors.

If we use the exchange's C2C to cash out, we may receive dirty money, which could lead to our bank accounts being frozen, and the subsequent unfreezing can be very troublesome.

However, cashing out through a Hong Kong card avoids the risk of dirty money freezing the card because you are converting cryptocurrency into fiat currency through legal channels, ensuring that this money is clean.

Moreover, Hong Kong is relatively friendly towards cryptocurrencies, and there are currently many banks, such as ZA Bank, that support cryptocurrency transactions; the risk of cashing out to these banks is lower.

Once the money reaches a Hong Kong bank, whether for spending or withdrawal, it becomes very easy, achieving a "soft landing" for the funds.

However, this process will inevitably take more time and also incur some loss of funds; it depends on whether you value "fund safety" or "total fund amount" more.

From a broader perspective, the Hong Kong card is an essential pass for "fishing overseas." The easiest way to solve anything related to money abroad is to have a Hong Kong card.

Therefore, my advice is: if you can apply for it, do so; it will always be useful at some point.