In the currency circle, withdrawing money is an unavoidable topic, because there are many money laundering crimes in the domestic currency circle, and many black and gray industries use cryptocurrency for transactions, and the previous C2C model of withdrawing money has also become a target for criminals. This is the main channel, so this has also led to many people having their cards frozen when they withdraw money from C2C exchanges. Card freezing will not only lead to asset losses, but also the risk of being questioned by the public security organs and even being detained.
The risk of C2C withdrawals caused by the black and gray industry has increased, and some private withdrawal channels are unsafe. For most domestic users, because they do not have overseas passports or bank cards, it is not possible to safely withdraw money through foreign currency channels. It is not an easy thing, and it has also caused a lot of difficulties. Today we will mainly share with you some of the more commonly used safe withdrawal methods, which can be applied to the withdrawal needs of ordinary users.
1. Overseas virtual bank card
There are already some overseas visa or MasterCard virtual banks that support cryptocurrency deposits, such as dupay, onekey card, gatecard (domestic IP cannot be used), etc. You can deposit stable coins overseas in this way, and then use payment transfers through WeChat Or use Alipay to withdraw funds. Of course, a certain handling fee will be charged in this process. For example, dupay's mastercard virtual card will have card fees every month. Finally, transferring US dollars to WeChat or Alipay also requires a certain handling fee, but the exchange rate loss is relatively low.
Of course, relatively speaking, the handling fee of onekeycard is lower than that of dupay, so you can consider using onekeycard first (registration will stop in mainland China on September 30).
2. Withdraw funds from exchanges
Generally speaking, what we call exchange withdrawals is C2C point-to-point withdrawals. With the increase in user demand, some exchanges have also started withdrawal services. For example, exchanges such as Binance have specially provided withdrawal services for users. channel.
Let’s take Binance as an example. First, find the remittance option in the payment function, and then choose to transfer to China. There are three ways, namely Alipay, WeChat and bank. However, it should be noted that the account we transfer must be the same as our own currency. The security of real-name authentication is the same, which can avoid problems such as money laundering.
3. Direct consumption
Another way is direct consumption, which is an indirect withdrawal. Currently, some exchanges have launched similar functions, such as Binance’s payment function and gift card functions, and Gateio’s gift card. We can purchase Apple services or Steam services through the Binance payment function, as well as recharge mobile phone bills, book hotels, etc. Through the gateio gift card, we can purchase JD.com cards, Amazon gift cards, and Apple or more game services.
Of course, Binance Payment also provides multiple consumption scenarios, such as payment functions related to purchasing Apple, recharging mobile phone bills, and multiple overseas consumption scenarios.
4. Hong Kong digital currency ATM machine
In Hong Kong, digital currencies can be used and traded normally. A series of policies to support cryptocurrency launched by Hong Kong at the beginning of this year are also being implemented, such as the launch of the hashkey exchange during this period. At the same time, Hong Kong is also relatively easy to reach for mainland residents. Region, you only need to apply for a Hong Kong and Macao pass. Of course, Hong Kong also has digital currency ATM machines, so we can directly exchange cryptocurrency into Hong Kong dollars at such ATM machines. Of course, according to the New Deal, exchanging cash from an ATM machine requires real-name authentication. Relatively speaking, the first operation is relatively cumbersome. At the same time, there will be a relatively high exchange rate loss through the ATM machine. It is generally suitable for travel consumption and other scenarios.
Of course, if you go to Hong Kong alone, it is also recommended to apply for a Hong Kong bank card. Because Hong Kong’s cryptocurrency trading policy will continue to increase its opening up, it will become common to purchase cryptocurrency with legal currency, and it will naturally be more convenient to withdraw money. Therefore Preparing a bank card in advance will become a need to withdraw money.
write at the end
It is easy to deposit money in the currency circle but difficult to withdraw money. Recently, there are rumors in the circle that C2C merchants have also been taken away for investigation. This is mainly because domestic and foreign fraudsters have focused on cryptocurrency. At the same time, some hacking incidents in the currency circle have also caused black gold Gradually increasing, so it is also necessary to consider avoiding the contamination of one's own assets by black gold. Under normal circumstances, as long as we follow the method of withdrawing money through formal service channels, there is basically no big problem, and we should avoid C2C point-to-point or offline methods of withdrawing money. In this way In order to avoid possible risks.
In addition, the difficulty of withdrawing money actually means that the cryptocurrency industry is currently immature. With the gradual improvement of laws and regulations in various countries, cryptocurrency deposits and withdrawals will gradually be relaxed, and formal withdrawal channels will also be available in the future. Gradually increasing, so there is generally no need for large amounts of cash. You can give priority to continuing to hold cryptocurrency or use payment methods, and wait until the environment is good before considering withdrawal needs.
