In the field of cryptocurrency speculation, some people have earned up to 10 million yuan through cryptocurrency speculation. Therefore, many people have such questions: Is this income considered a huge amount of property of unknown origin? If I withdraw this money to my bank card, will it cause the bank card to be frozen?
There are obvious drawbacks in the traditional OTC (over-the-counter) model. The identity of the counterparty and the source of funds are opaque, which can easily lead to a series of problems. However, there is now a legal withdrawal path that I can share with you!
First of all, it should be made clear that in many foreign countries, cryptocurrency speculation is a legal investment behavior. Therefore, the funds earned through this legal channel are not illegal income. So, how can we legally withdraw money?
The specific steps are as follows:
1. Transfer USDT from the exchange to BiyaPay e-wallet
2. Exchange into USD or other legal currencies at a 1:1 ratio in BiyaPay
3. Withdraw to bank accounts such as wise and OCBC
4. Directly transfer funds to a bank card, Alipay or WeChat account in the Mainland. It should be noted that there will be certain handling fees incurred during this process, and there may also be exchange losses, but the entire process is legal and compliant, so the source of your funds becomes clear and legal.
Although you need to pay handling fees and bear exchange losses, this is a necessary cost to legalize your funds. Mastering this legal withdrawal path will allow you to safely deposit your cryptocurrency trading profits.
In addition, BiyaPay’s functions are not limited to deposits and withdrawals, but can also be used for investments in US and Hong Kong stocks.
If you have any other questions or ideas about this, please leave a message in the comment section!
Special reminder: All transactions of BiyaPay must be conducted in the APP, and there is no over-the-counter transaction. Anyone who claims to conduct BiyaPay over-the-counter transactions is a scammer, so please be vigilant.