How to withdraw money safely in the cryptocurrency circle has always been an unavoidable topic. Let me tell you my most practical method!
Let me tell you the answer first, use a Hong Kong card!
Step 1: Go to Hong Kong to apply for a card. Bank of China Hong Kong, HSBC, and ZAT can all make appointments. There is almost no threshold. There is no additional cost except for the travel expenses to Hong Kong. There is no policy tightening yet, so go as early as possible.
If you don’t know how, you can contact me and I will make an appointment for you.
Step 2: Go to OSL or Hashkey Exchange to do personal KYC (currently mainland passports are OK, IP and address prove that you are not in mainland China), then withdraw U, withdraw cash into Hong Kong dollars or US dollars to your Hong Kong card. The handling fee is less than 1,500 yuan.
Step 3: Hong Kong cards have UnionPay, and you can withdraw cash directly from mainland ATMs. The daily limit is 20,000 yuan, or you can set it to 80,000 yuan by yourself, or you can swipe the card directly. The important thing is that these are not counted in the foreign exchange quota of 50,000 US dollars per person per year, and there is no upper limit, even buying a house or a car, no problem.
You can also buy Hong Kong insurance with an annual rate of more than 5%. The insurance policy can also be used as collateral for payment of goods, etc.
