Congratulations on successfully entering the crypto world! But when faced with huge sums of money, some may worry: 'Does this count as a source of enormous property that is unclear?' Don't be afraid, we are here to help you outline a 'clean and legal' withdrawal path, ensuring you earn with peace of mind and spend with confidence!
First, clarify one point: trading cryptocurrencies is not a crime! In many countries, digital currency trading is considered a legal investment behavior, so your earnings are not 'illegal income'; the key is how to withdraw legally.
Legal withdrawal path
1. Withdraw to e-wallet: Transfer USDT from the exchange to the BiyaPay e-wallet.
2. Exchange for fiat currency: Exchange 1:1 into USD or other fiat currencies within BiyaPay.
3. Deposit to regular banks: Transfer funds to bank accounts like Wise, OCBC via BiyaPay, then remit back to mainland bank cards or Alipay, WeChat.
Although there may be some handling fees and exchange losses, as the saying goes, 'sharpening the knife does not delay the work of cutting firewood', this is to ensure your funds are 'clean'.
Why choose BiyaPay?
1. Legal and compliant: Supports cross-border capital flow, with transparent transactions and formal processes.
2. Multifunctional platform: Not only a tool for deposits and withdrawals, but also supports investment in US and Hong Kong stocks, managing your wealth in one stop.
Important reminder
1. All transactions on BiyaPay must be completed within the official APP; any off-market transactions are scams!
2. Although there are handling fees, spending money for peace of mind is worthwhile.