If you make 20 million by speculating in cryptocurrencies, now you have to sell it at an exchange and exchange it for RMB
Many people go to Hong Kong when they say it is safe to withdraw U, but there is no tutorial on the entire Internet that teaches you how to convert U in your wallet into RMB that can be returned to the mainland normally through Hong Kong.
Why is this? Why can't anyone write such a simple tutorial? That is basically impossible. What does it mean to be basically impossible? It is impossible for retail investors.
If they say it is possible, they usually teach you how to apply for a Hong Kong bank card, and then ask you to go to Hong Kong to withdraw U. Because they just want you to apply for a Hong Kong card, after all, it is very comfortable to charge you 3,500 yuan for the agency fee.
After the collection card is done, what is the next step? That is to apply for a Hong Kong phone number and register for a Hong Kong exchange? You will find that you need address authentication to apply for a Hong Kong phone number, and you need a phone number and overseas KYC identity authentication to register for an exchange. You have nothing, so others will tell you to register a HKD exchange.
There are only two compliant exchanges in Hong Kong that can operate normally, one is osl, and the other is this hashkey. If you have been to Hong Kong and visited the places where the promotional photos are, you will find that they are unreliable. Of course, those so-called BTCATM machines no longer exist or have incomplete functions.
As for some other HKD exchanges, you will find that no one buys the OTC orders. When you withdraw money, the customer service will tell you that it is a black u that cannot withdraw money, and it has been stuck, or even cannot be solved at all.
How to avoid bank risk control for large withdrawals? 🏦
First of all, we must make it clear that in many foreign countries, cryptocurrency speculation is a legal investment behavior. This means that the money you earn in the cryptocurrency circle is not illegal income.
Then you want to withdraw money without worries. First, you can transfer the USDT of the exchange to the #biyapay e-wallet, and then convert it into US dollars or other legal currencies at 1:1 in #biyapay , and then withdraw it to banks such as wise or ocbc, and finally directly remit it back to the mainland bank card or Alipay WeChat.
To complete these, our cost is only to pay some handling fees and exchange losses, and then we can legalize the funds and safely pocket your cryptocurrency trading profits.