100% Antifreeze and Safe Withdrawal in the Cryptocurrency Circle Episode 9.5: Yiwu Self-employed

Before Episode 10 of Trust Withdrawal, Mr. Gou will first update a non-mainstream withdrawal method. If you can't get a Hong Kong card and are afraid that the U card is not safe, then you can take a look at the Yiwu Self-employed Method.

It is said that the personal exchange of US$50,000 is hard capped, but in fact, Yiwu has left a loophole, which is convenient for Yiwu's export husband-and-wife stores to collect foreign exchange, that is, Yiwu self-employed. The advantage is unlimited foreign exchange settlement! In fact, it is better to settle less than US$10 million per year.

Find a Taobao intermediary for 300 to 500 yuan (and get some information to develop an overseas e-commerce business, it doesn't matter if you don't make money), basically 3 working days to issue a certificate, and then go to Yiwu's Chouzhou Commercial Bank to open an account (Guangzhou, Shenzhen, Qingdao, Tianjin and other places can also sign off remotely).

Then you can withdraw funds from exchanges such as Kraken to your Chou Shang account via SWIFT wire transfer (you can also use a crypto-friendly bank that you opened an account online to transfer funds so that the receiving bank does not know that your money comes from the exchange, as I mentioned before), and then you can exchange unlimited US dollars for RMB.

The wear and tear:

1. The transit bank charges about 5 to 7 US dollars per transaction.

2. The settlement fee is 5 RMB per 10,000 US dollars.

3. You need to purchase a quota for settlement (the market price is about 100 RMB for a quota of 10,000 US dollars. If you don’t want to buy a quota, you need to register an NRA account, but the requirements are high and will not be discussed here).

The Chou Shang account supports binding to Paypal and can accept personal and corporate remittances. Accepted currencies: US dollar, euro, Australian dollar, British pound, Japanese yen, Hong Kong dollar, ruble, Korean won, Canadian dollar.

As for self-employed individuals, you don’t need to do accounting and tax filing, you only need to do annual review.

Overall, the advantage is that it is reasonable and legal with unlimited withdrawals, while the disadvantage is that it can only withdraw but not deposit. The wear and tear is greater than that of a Hong Kong card and less than that of a U card.

The deposit and withdrawal tutorials that Mr. Gou has been updating should be the most detailed and reliable in the history of the currency circle. Don’t hesitate to follow it three times! The 10th episode is coming soon!