Biyapay

Use one platform to trade futures and funds! Biyapay makes financial management at your fingertips

Imagine: no need to switch back and forth between different platforms, and no need to worry about complicated trading rules! Biyapay is like a "super butler" in the financial industry. One application helps you unlock futures trading and fund investment, and you can enter the diversified market at will!

Margin becomes flexible funds in seconds: real-time conversion, seamless investment in commodity futures and index funds, more convenient than online shopping orders!
Zero threshold and easy entry: no need for complex authentication, one-click online account opening, funds arrive in seconds!
Over 300+ investment targets: commodity futures, bond funds, mixed funds, any strategy you want to combine!
Transaction costs plunge: 0 subscription fee for buying and selling funds, futures trading fees as low as the industry's freezing point!
10x leverage blessing: crude oil, gold futures, magnify profit potential, seize market opportunities!
15+ payment channels: 7×24 hours extremely fast response, capital flow as fast as lightning!

If you——
Want to try futures trading, but are scared off by the high threshold;
Have liquid funds and want to steadily layout the fund market;
Desire to allocate multiple assets, but can’t do it;
Pursue efficient use of funds, and want to save "real money"!

Save time and effort, super cost-effective: transaction costs are reduced by 80%, and the money saved is enough for a short trip!
Full coverage of global markets: Support users in 50+ countries, and compliance qualifications escort!
Lightning response: funds arrive in real time, and market opportunities will no longer pass by!
#biyapay

Unlock new opportunities in gold investment, BiyaPay helps your wealth shine!
Gold investment, an opportunity of the times
In today's rapidly changing global market, gold, with its unique property of value preservation and risk resistance, has become an indispensable 'cornerstone of wealth' for investors. Recently, global gold ETFs have attracted over $12 billion, reaching a new high for the same period since 2020! Goldman Sachs has raised its gold price target to $4,000, and the global central bank gold buying spree continues to heat up, fully unleashing the strategic value of gold!
BiyaPay, your gold investment tool
As the world's first multi-asset trading wallet, BiyaPay provides investors with a one-stop gold investment platform:
Seamless trading: Instant exchange of 30 fiat currencies and 200 digital currencies, USDT 1:1 exchange for USD, easily participate in trading gold assets in US and Hong Kong stocks.
Zero cost advantage: 0 transaction fees for spot and contract makers, maximizing your investment returns.
Flexible allocation: Directly invest in gold ETFs (such as GLD, IAU) and gold stocks through the BiyaPay App, capturing long-term appreciation potential.
Risk diversification: Helps optimize your investment portfolio, reducing the impact of market fluctuations, and steadily achieving wealth growth.
Whether you're a beginner or an experienced investor, BiyaPay makes gold investment simpler!
Amid the increasing risks of 'stagflation', gold investment is becoming the preferred strategy for global investors. With the platform's advantages of efficiency, convenience, and low cost, BiyaPay helps you easily seize opportunities in the gold market and open a new chapter of wealth appreciation.
Choose BiyaPay, illuminate your gold investment journey!
Explore the infinite possibilities of gold investment! No matter how the market changes, BiyaPay is always by your side, helping your wealth steadily grow in the brilliant light of gold!
Join BiyaPay now and start your new journey in gold investment!
#biyapay

This wave of the bull market, to be honest, is really unexpected. When I was still shorting, it was forcibly pulled up. It indeed happened unintentionally, when all the groups had quieted down, the project parties started to run away, the contract traders started to deliver food and pay back, and the Federal Reserve began to cut interest rates. Just when everyone thought the bull market was over, the bull came. Damn those manipulators, and this idiot Chuan Jianguo, the president came down to call the shots, I really have my eyes opened.

I was originally bearish throughout this wave; the market is indeed counterintuitive. Right now, it's painful whether it goes up or down—why is it always me who gets hurt? It's unbearable to miss out on the rise and afraid of heights. However, now that it's pulled up to this position, if it stabilizes, the bull market will have a long continuation. I am also observing for the right time to re-enter.

I still want to remind everyone. A rebound during a crash, a collapse during a surge; there are more people losing money in a bull market, and they lose more. Of course, many projects take advantage of the bull market to run away. Make sure to secure your profits in time; you can earn less, but don’t wait for the profits to retract. Remember that.

If this wave goes A8 again, my brother, I advise you to stay away from this market, stay away from contracts, and cash out in time; the issue with cashing out has not been resolved since the crypto circle began. Thanks to Biyapay for their support. Brothers, if you've made money in the crypto circle and are worried about the safety of cashing out, you can choose #biyapay , dance back and forth on the sharp blade of the card-cutting action, reject all limits, non-counter, freeze, and stop payments. Safe and worry-free, everyone can pay more attention to the official Twitter.

The next few days may be the biggest fluctuations you've encountered in these years, so be sure to seize the opportunity. Whether it works out or not will likely depend on these few days.

Lessons from Investing in Dual Battlegrounds and Opportunities with Biyapay

After years of struggling in the cryptocurrency space and U.S. stock market, I have tasted the ups and downs of investing. The myth of getting rich quickly in cryptocurrency is intoxicating; I followed the trend and bought altcoins, and my assets doubled in a short time. However, due to regulation and market manipulation, I lost everything in an instant. I then turned to the U.S. stock market, researching financial reports to pick stocks, but suffered significant losses due to the pandemic's black swan events and complex trading rules.
It wasn't until I encountered Biyapay that my investment dilemmas were broken. It supports the exchange of over 30 fiat currencies and more than 200 cryptocurrencies, allowing trading in U.S. and Hong Kong stocks without the need for offshore accounts, making operations convenient. Multiple financial licenses from various countries ensure safety, with low fees and fast transactions, truly achieving global asset allocation at the touch of a button.
The investment journey is fraught with thorns, and Biyapay may become your tool for breaking through.
#biyapay $BNB

What constitutes a bull market? This year, the overall market liquidity is extremely poor, and Bitcoin is still rising; only Bitcoin is rising. This is a bear market where liquidity has shrunk drastically. If Bitcoin were at 30,000 now, everyone would understand. But now Bitcoin is at 95,000, and some people are confused.

Of course, some say that altcoins are in a bear market because they're junk that no one wants to buy. To be honest, when there is liquidity, junk can also be treasure; without liquidity, treasures can become junk. Money will find assets on its own; when there is a flood of money, the market is insane. Therefore, a true bull market will have to wait until Powell compromises and releases liquidity.

One day, when a friend tells you to open Binance and scroll down with your eyes closed, buying whatever you land on, that will be real madness.

In the last bull market, there were countless tokens worth over a billion dollars, so many large projects had first-round valuations exceeding one billion. Now, altcoins are so weak that many assets that have survived two or three cycles are at historical lows. Many coins that were released during the last liquidity surge have dropped by over 95%, and Ethereum has also plummeted significantly. Everyone is losing. Now, a meme coin worth several hundred million is considered a big deal, and the valuations of new projects on Binance have shrunk to one-tenth of what they were. Previously, any project had a valuation of hundreds of millions; now having tens of millions is already impressive.

I hope my brothers can get rich in the crypto world soon, whether it's a bull or bear market. Both longs and shorts can make money. Everyone has their own trading insights and methods. Thanks to BIYAPAY for their support. If my brothers make money in the crypto space but worry about the security of cashing out to USDT, they can choose Biyapay, to navigate safely amidst the sharp edge of card cutting actions, rejecting all limits, non-counter, freezing, and stopping payments. Safety guaranteed; everyone can pay more attention to the official Twitter.

Truly good projects can withstand the test of time. #biyapay

The safety of withdrawals has always been an important issue of concern for everyone. As the bull market arrives, if you make ten million, how do you safely withdraw your funds? Will withdrawing to your own card result in a frozen account? In traditional OTC, the identity and source of funds of the other party are opaque, which can lead to a series of problems. To address this issue, choosing BiyaPay as a withdrawal method can effectively alleviate these concerns.

You can withdraw USDT from the exchange to the BiyaPay e-wallet, then exchange it 1:1 into dollars or other fiat currencies within #biyapay , and then withdraw it to banks such as Wise or OCBC. Finally, you can directly remit it back to your domestic bank card or Alipay WeChat. Although there will be handling fees and exchange losses, this is a legal transaction. Your funds will also become completely clean. Of course, you will need to pay some handling fees and exchange losses, but these are all to legalize your funds, so this is the cost we should bear.

By learning these legal withdrawal paths, your cryptocurrency trading profits can be safely secured! Let's use #biyapay together to ensure the safety of our funds!

Last year, I encountered some issues with U while using a certain platform, and at that time, it was transferred to my card. Then I deposited it into a certain V and a certain treasure. A few days later, when I went to the supermarket to buy things, I found out that third-party payments were unavailable, and my bank card couldn't be used either. It dawned on me that I had encountered a frozen card, and the serious part was that even the third-party accounts were frozen!

When I went to the bank branch to inquire about the reason, I was informed that it was frozen by an out-of-town criminal investigation unit. However, aside from trading cryptocurrencies, I had not participated in any illicit activities. So, I contacted various phone numbers until I reached my uncle, who told me there was a case related to SA, which led to the freezing of my various cards and suggested I handle it locally. My uncle didn’t insist that I travel across provinces but first asked me to provide some materials explaining the situation.

So, I sent my transaction records with OTC merchants, chat logs, including my cryptocurrency trading records and work flow to my uncle, after all, being upright means not fearing shadows. I initially thought these materials would prove that I had done nothing wrong, and when it was time to unfreeze my accounts, my uncle said that I needed to compensate the victim. This meant that my amount would be used for compensation because cryptocurrency trading is not protected. At that time, since I still had other money in my account, I could only blame my bad luck and reluctantly agreed to my uncle’s suggestion. After a few days, everything was resolved.

Later on, I became extremely cautious. Cryptocurrency trading itself is not protected, and withdrawing funds requires extra caution. Choosing traditional exchanges to trade U, it is essential to audit the merchant's funds, especially for large amounts; it is necessary to check whether the merchant's funds have been stable for at least three days! During transactions, it is crucial to clearly communicate with the merchant that only real-name accounts are accepted, and if not, choose to report to the authorities.

Additionally, I believe that #biyapay is currently the best choice. Bi­y­a­P­ay holds a legitimate license in the United States, ensuring transaction safety and compliance. Converting digital currency into mainstream fiat currencies like USD or HKD, withdrawing to a bank account, and then depositing into other brokers for stock trading is very convenient and reaches the same day. The best part is that it does not leave transaction records in domestic banks. This means that no one can interfere, and your money is yours, dancing back and forth on the sharp blade of card freezing actions, refusing all limits, non-counter transactions, freezing, and payment stops.

Recently, the cryptocurrency market has once again experienced a significant correction following the decline of U.S. stocks, highlighting a reality: the high volatility of crypto assets often puts investors in a passive position. In contrast, the U.S. stock market has shown more stable long-term performance, with stronger rebounds after corrections, while the crypto market often faces the embarrassing situation of 'when U.S. stocks fall, crypto falls sharply; when U.S. stocks rise, crypto consolidates.'

Why not choose the more stable U.S. stocks/Hong Kong stocks? Rather than endure drastic fluctuations in the crypto market, it is better to diversify into the mature U.S. and Hong Kong stock markets. However, traditional funding methods have high thresholds and cumbersome processes, especially for Chinese users who often face restrictions with offshore accounts and bank transfers.

BiyaPay has upgraded its 'Crypto + Stocks' dual-channel, with zero waiting time for deposits and withdrawals, bidding farewell to offshore accounts.

BiyaPay's 'Crypto + Stocks' dual-track feature has been upgraded, allowing users to directly invest in U.S. and Hong Kong stocks by exchanging USDT 1:1 for U.S. dollars without the need for offshore accounts, making it easy to participate in the U.S. and Hong Kong stock markets without waiting for bank deposits or going through complicated fund transfers. Users can deposit funds at any time based on market conditions, and they can also withdraw profits instantly, giving users more freedom with their assets. At the same time, it is a professional deposit and withdrawal tool, allowing users to recharge USDT to exchange for U.S. dollars and Hong Kong dollars, which can be deposited into other brokers, providing a fast and convenient experience with no limits on amounts, solving issues with difficult deposits for users.

BiyaPay's cryptocurrency spot trading feature supports users to directly trade over 200 types of digital currencies, including Bitcoin (BTC) and Ethereum (ETH), using more than 30 mainstream fiat currencies such as U.S. dollars (USD), Hong Kong dollars (HKD), and euros (EUR), achieving a one-stop operation for 'Crypto + Stocks'.

#biyapay

Since the DeFi explosion in 2020, USDT has become an important stablecoin for DEX trading such as Uni, Pancake, and Curve. With protocols like Aave, Compound, and JustLend allowing users to use USDT as collateral for lending, the demand for USDT has significantly increased; additionally, due to on-chain transaction fee issues, TRC-20 USDT on the Tron network has gradually become the main version for DEX trading.

The reason it is called a stablecoin is because of its anchoring standard, U is commonly used by foreign trade enterprises in cross-border transactions, bypassing traditional bank restrictions: some foreign trade companies in certain countries may face limitations and scrutiny from the traditional banking system, including high fees, remittance restrictions, etc. By using U, enterprises can circumvent these restrictions and conduct international transactions more flexibly. Some domestic companies also use U for salary payments, and there is no need to elaborate on the tax aspect...

Since 2023, U cards have been emerging one after another, and during that time, there was a constant bombardment of news about Onekey, Binance, By, and other visa cards that can be used for daily consumption; in 2024, the introduction of a spot Bitcoin ETF will bring new capital flows, further expanding the role of U in the market; some emerging market countries (like Argentina) also support U payments for certain real estate transactions.

Recently, some platforms have even started supporting U for trading US stocks and Hong Kong stocks; for instance, #biyapay , normally, our users in mainland China cannot buy US stocks. Opening an account in the US is very difficult; many brokerage platforms in the US offer online account opening; entrusting a Hong Kong company to open an account is also quite troublesome. Platforms like Biyapay, which allow the buying and selling of US and Hong Kong stocks using U, are very convenient, even including the conversion of U from the crypto space.

Stablecoins in the crypto space have faced compliance challenges, market competition, and significant crises over the past few years. In the future, the crypto space may continue to become more standardized, expanding more on-chain applications, improving compliance, and fully realizing new fields such as Real World Assets (RWA).

Continue! #biyapay

These past few days have been dominated by the decoupling of $FDUSD, with Brother Sun spreading FUD about FDT on Twitter;

I still remember when I first got into the Web3 industry, everyone was using USDT. At that time, aside from the crypto world, private transactions were happening in all sorts of industries. Seeing this brings back a lot of memories, as the regulations in the crypto world have become stricter over the past two years, and everyone is paying attention to this direction.

Since the DeFi explosion in 2020, USDT has become an important stablecoin for trading on DEXs like Uni, Pancake, and Curve. With protocols like Aave, Compound, and JustLend allowing users to use USDT as collateral for loans, the demand for USDT has surged; additionally, due to on-chain transaction fee issues, TRC-20 USDT on the Tron network has gradually become the main version for DEX trading.

The reason it's called a stablecoin is due to its anchoring standard. U is commonly used in foreign trade companies for cross-border transactions, avoiding traditional bank restrictions: some foreign trade companies in certain countries may face limitations and scrutiny from traditional banking systems, including high fees and remittance restrictions. By using U, companies can circumvent these limitations and conduct international transactions more flexibly. Moreover, some domestic companies also use U for settling salaries, and there’s no need to elaborate on the tax aspect...

Since 2023, U cards have been emerging one after another. During that time, they were constantly in the spotlight, with Visa cards from Onekey, Binance, and others available for daily consumption; in 2024, the introduction of spot Bitcoin ETFs will bring new capital flow, further expanding U's role in the market; some emerging market countries (like Argentina) also support U payments for certain real estate transactions.

Recently, some platforms have started supporting U for trading US stocks and Hong Kong stocks; for example, #Biyapay , under normal circumstances, we mainland users cannot buy US stocks. Opening an account in the US is very difficult; many brokerage websites for US stocks allow online account openings; entrusting a Hong Kong company to open an account is also very troublesome. Platforms like Biyapay allowing the use of U for buying and selling US and Hong Kong stocks are extremely convenient, even including the conversion of U from the crypto world.

Stablecoins in the crypto space have faced challenges such as compliance, market competition, and major crises over the past few years. In the future, as the crypto world becomes increasingly regulated, it may continue to expand more on-chain applications, enhance compliance, and fully realize new fields like real-world assets (RWA).

Under the new cash withdrawal regulations in Hong Kong, how can we safely and efficiently handle virtual currency funds?

Recently, the Hong Kong Customs introduced new regulations stating that mainland residents can only bring in a maximum of 20,000 RMB each time after exchanging virtual currency for cash in Hong Kong. This policy undoubtedly poses significant challenges for many friends hoping to liquidate virtual currency through the Hong Kong market. So, in this context, is there a safe and reliable way to cash out? The answer is yes.

Firstly, for small daily expenses, you might consider using a 'U Card'. This card is similar to a prepaid card in the MasterCard network and is suitable for small transactions in the hundred-yuan range, such as refueling, dining, shopping, etc. Although the loss is relatively high, around 5%, it is a convenient choice for daily expenses.

However, when it comes to handling large amounts of money, the U Card is obviously no longer applicable. At this point, you can consider using a legal cash-out app, such as biyapay. In many countries abroad, trading cryptocurrencies is regarded as a legal investment activity, which means that the money you earn in the crypto space is not illegal income. Through #biyapay , you can transfer USDT from the exchange to an electronic wallet, then exchange it 1:1 for USD or other fiat currencies within the app, and finally withdraw it to banks like Wise or OCBC, and then directly remit it back to mainland bank cards or Alipay WeChat. The entire process only requires paying some fees and exchange losses, allowing for the legalization of funds and secure income.

In summary, in the face of the new cash withdrawal regulations in Hong Kong, we need not worry excessively. Through reasonable choices and operations, we can still handle virtual currency funds safely and efficiently. I hope the above suggestions are helpful to you, and I wish you a broader path in your investment journey in the crypto space!

#香港提现 #出金方式 #biyapay #合法投资

If you suddenly made ten million from trading cryptocurrencies, have you thought about how to safely and securely withdraw your funds? Many withdrawal channels are convenient, but safety cannot be guaranteed. Offline withdrawals do not guarantee personal safety, and online withdrawals can be concerning due to black funds and the risk of scams. Therefore, choosing a legitimate and secure withdrawal channel is very important 🛡️
Here are the legal withdrawal paths that Xiao L has tried (personally tested, safe and efficient):

1. Transfer to e-wallet: Withdraw USDT from the exchange to the BiyaPay wallet.
2. Exchange for fiat currency: Convert to US dollars or other fiat currencies at a 1:1 ratio within BiyaPay.
3. Withdraw to overseas accounts: Transfer funds to an overseas bank account (like Wise, OCBC).
4. Remit back to the domestic account: Transfer back to a domestic bank card or payment tool (like Alipay, WeChat) through legitimate channels.

Although there will be certain fees and currency losses during the process, ensuring the legitimacy and safety of the funds is crucial!

Notes:
1. All operations must be completed within BiyaPay to avoid off-market trading.
2. Choose legitimate channels to ensure compliance with laws and regulations.

BiyaPay not only supports deposits and withdrawals but can also be used for investing in US stocks and Hong Kong stocks, providing more possibilities for your wealth management!
$BTC $ETH $BNB

#biyapay #大额出金 #安全出金小常识 #不冻卡

There are many friends who have just joined or want to join the cryptocurrency space, and the most concerning issue for them may be related to funds, worrying about whether their income is legal, how to cash out, and what to do if they accidentally become rich, earning ten million or even more.

How can this money be transferred to their own bank card? Will it be frozen as an enormous amount of wealth with an unknown source?

In fact, in traditional OTC transactions, the identity of the other party and the source of funds are opaque, which may lead to a series of problems.

Today, I would like to recommend a legal cash-out APP #biyapay .

First, we need to clarify that in many countries abroad, trading cryptocurrencies is a legal investment behavior. This means that the money you earn in the cryptocurrency space is not illegal income.

If you want to cash out without any worries, you can first transfer the USDT from the exchange to the #BiyaPay e-wallet, then exchange it 1:1 for US dollars or other fiat currencies within #BiyaPay, and then withdraw it to banks like Wise or OCBC, and finally directly remit it back to a mainland bank card or Alipay/WeChat.

By completing these steps, our cost is only to pay some handling fees and exchange losses, which can legalize the funds and ensure that your cryptocurrency trading profits are safely secured.

#biyapay can not only be used as a tool for cash inflow and outflow but also for investing in US and Hong Kong stocks.

🔥DL Withdrawal Guide: Safe and Compliant Withdrawals, Avoid Pitfalls 💰

With the popularization of the cryptocurrency market, many friends face a real problem: after making money from trading coins, how to safely withdraw to the domestic market? Improper handling may lead to risks such as bank card freezing, account fund restrictions, and tax compliance issues. Therefore, mastering the correct withdrawal methods is particularly important.

⚠️ Main Risks of Withdrawal

1. Bank Card Risk Control: Domestic regulations on large cross-border fund flows are strict; frequent large deposits may trigger bank risk controls, even leading to bank card freezing.
2. OTC Trading Traps: Traditional OTC off-exchange trading makes it difficult to verify the source of the other party's funds; once involved with illicit funds, one may face judicial investigation or asset freezing.
3. Changes in Policies and Regulations: Different countries have different regulations on the flow of cryptocurrency funds; non-compliance may bring tax or legal risks.

✅ Full Process for Compliant Withdrawals

1. Exchange USDT ➡ BiyaPay Wallet
2. 1:1 exchange for USD/local currency, with clear and transparent funds, no risk of unknown source funds!
3. Withdraw to banks like Wise, OCBC, etc., legitimate and compliant, avoiding bank card risk control!
4. Remit to domestic bank cards, Alipay, or WeChat, safely received without worrying about account freezing!

🔹 Funds are compliant and legal, meeting international cross-border payment requirements!
🔹 Supports investment in US and Hong Kong stocks, maximizing fund utilization!

💡 Reminder: Several Important Principles for Safe Withdrawals

1️⃣ Withdraw in batches to avoid triggering bank risk control with large single transactions.
2️⃣ Choose legitimate channels, refuse funds transfer methods of unknown origin.
3️⃣ Pay taxes reasonably, comply with national foreign exchange policies, and avoid subsequent compliance issues.

📢 Steady withdrawals, safe receipt, compliant withdrawals with BiyaPay! #biyapay #合规出金 #炒币 #资金安全

Guide to deposits and withdrawals of Hong Kong bank accounts in cryptocurrency trading

1. Opening a Hong Kong bank account

In Hong Kong, the following banks are suitable for deposits and withdrawals of cryptocurrency trading:

- Bank of China (Hong Kong) (BOC HK): supports Hong Kong dollar (HKD) and foreign currency accounts, and the transaction is stable.

- Hang Seng Bank (Hang Seng): has strict risk control, but can be used for cryptocurrency trading.

- Standard Chartered Bank (Standard Chartered): has strong global applicability and is suitable for large transactions.

- ZA Bank (ZhongAn Bank), Mox Bank (Standard Chartered): online account opening is fast, suitable for small and medium transactions.

Account opening process

- Personal account opening (for individual investors):

- Online account opening (for virtual banks such as ZA Bank and Mox Bank).

- Offline account opening (for traditional banks such as BOC Hong Kong, Hang Seng, Standard Chartered, etc.).

Required: valid ID card, proof of address (such as water and electricity bills or bank statements), proof of source of funds.

- Company account opening (applicable to institutional transactions):

Documents such as business registration certificate (BR), articles of association, board resolutions, etc. are required.

You may need to prove the legitimacy of the source of funds and explain the company's business.

2. Bank account binding process

Log in to the exchange and enter the "Fund Management" or "Bank Card Binding" page.

Select "Add Bank Account" and enter bank information, including: bank name, account number, holder name.

3. Deposit operation (deposit)

The exchange will provide a receiving account information (which may be a third-party payment institution or the exchange's own account).

Use a Hong Kong bank account to transfer money and note the unique identification code provided by the exchange.

Some notes:
The exchange may require additional identity verification or KYC certification.

Some banks are sensitive to cryptocurrency-related transactions and it is recommended not to trade frequently and in large amounts.

- About Hong Kong personal taxation: There is currently no capital gains tax in Hong Kong, but frequent transactions may be regarded as business activities and are subject to profit tax.

In short, Hong Kong is feasible, but relatively speaking, it is not simple. I recommend a simple method: #biyapay
You can directly withdraw the U from the exchange to the wallet, and then exchange it into US dollars or other legal currencies at 1:1 in #biyapay , and then withdraw it to banks such as wise or ocbc, and finally directly remit it back to the mainland bank card or Alipay WeChat.

Milestone in Cryptocurrency Trading | Hong Kong's First Retail-Oriented Platform Approved

With the announcement in August 2023 that HashKey Exchange has received a virtual asset trading license issued by Hong Kong, the retail trading of tokens in Hong Kong has been legalized. Additionally, HashKey stated that it has partnered with Standard Chartered Bank to provide fiat currency deposit and withdrawal services. This is a milestone for both Hong Kong and the entire industry.

One persistent issue in the cryptocurrency world is that all traditional banks do not support cryptocurrency trading! What do banks fear the most? Not inactive accounts, not low transaction volumes, but money laundering. And cryptocurrency happens to be a paradise for money laundering. The funds in the cryptocurrency world are substantial and move in and out quickly. Due to the regulatory environment lagging far behind the development speed of this new phenomenon, the cryptocurrency space has remained in a state of wild growth!

The fundamental problem in the cryptocurrency sector has always been regulation, not the violations themselves. If a series of transactions in the cryptocurrency world were under transparent regulation, many issues would be readily resolved. Hong Kong is leading the world in this regard. The highly anticipated new regulations for cryptocurrency exchanges in Hong Kong, titled "Guidelines for Operators of Virtual Asset Trading Platforms," have officially come into effect, consisting of a whopping 200,000 words!

The bug of the Hong Kong dollar has thus been born! It can circulate freely with the US dollar while also being pegged to the strong Chinese yuan. When depositing, one can enjoy the benefits of US dollar interest rate hikes, and when doing business, one can benefit from the Chinese yuan interest rate cuts. With support from the world's second-largest economy, Hong Kong has also become a consumption paradise for many wealthy individuals!

But is this really suitable for retail investors? Let’s do the math: if you exchange your money at an offline exchange shop for Hong Kong dollars, you might incur a loss of about 2%; if you deposit Hong Kong dollars in a bank to exchange for US dollars, you might also incur a loss of about 2%. Is that all? Don’t forget, you still have to leave your full identity information with the relevant institutions. Even if everything goes smoothly, how do you plan to bring the money back to the mainland? Exchanging back to your home country? There is an annual limit of only $50,000, and you must provide various proofs.

So why have I been recommending #biyapay ? It’s something that can be fully managed online, and the entire cash-out process complies with regulatory requirements. You can simply search for it in the Google Store; the withdrawal reaches you on the same day, which is very convenient. The best part is that there will be no transaction records left in domestic banks. This means no one can intervene; your money is truly yours, dancing back and forth on the sharp edge of the crackdown, rejecting all limits, non-counter, freezing, and stopping payments.

How to Withdraw Profits from Cryptocurrency Trading 🧐?

Dear friends, are you worried about the safety of withdrawing profits from cryptocurrency trading? Traditional OTC has many issues, but don't worry! Trading cryptocurrencies is legal abroad.

You can withdraw your coins to the BiyaPay e-wallet, convert them to fiat currency, and then transfer them to banks like Wise, and then send them back to mainland accounts or payment accounts. Although there are handling fees and exchange losses, it is legal. BiyaPay also allows you to invest in US and Hong Kong stocks. Make sure to use the BiyaPay APP for transactions, as off-exchange options are often scams.
Click: https://biyapay.com/re/3009843

Let's safely withdraw cryptocurrency trading profits together using #biyapay @BIYAPAYOFFICIAL!

Many friends are asking about the issue of funds in the circle, and here it is! Save it for future reference.
The funds earned from trading cryptocurrencies may be seen as sources of unknown wealth in the eyes of the public, especially when the source and liquidity of the funds are not reasonably explained. Banks may conduct reviews and even freeze accounts.
First, trading cryptocurrencies abroad is considered a legitimate investment, so your earnings are not illegal income. Here is the legal withdrawal process:
1. Transfer USDT from the exchange to the BiyaPay e-wallet.
2. Exchange it 1:1 for US dollars or other fiat currencies within BiyaPay.
3. Withdraw to a bank account like Wise or OCBC.
4. Finally, remit to a domestic bank card or Alipay, WeChat.
BiyaPay is not only a tool for fund inflow and outflow but also can be used for investments in U.S. and Hong Kong stocks, increasing its multifunctionality in financial management.
This way, your funds can be returned "cleanly" to a domestic account. #biyapay

Hong Kong is becoming a world-class 'Cryptocurrency Capital'

Interestingly, in mainland China, cryptocurrencies are viewed as a beast to be feared. Multiple policies have been introduced to restrict, regulate, and suppress this industry, and there is no longer any space for cryptocurrencies to exist in mainland China. Various departments have repeatedly stated that cryptocurrency trading is considered a high-risk industry that disrupts financial markets, facilitates money laundering, and illegally transfers assets across borders.

On September 4, 2017, the People's Bank of China and seven other departments jointly issued a strong announcement declaring that the issuance of cryptocurrencies for financing is illegal. In other words, if you want to use this method to make money, that's not going to work.

However, Hong Kong not only hosted a 'carnival' for the relevant industry but even the Chief Executive of Hong Kong, John Lee, and the Financial Secretary, Paul Chan, personally took the stage to welcome cryptocurrency talent to develop in Hong Kong, with favorable policies coming one after another.

Now, on the bustling streets of Hong Kong Island, huge posters of Bitcoin and other cryptocurrencies and rolling LED screens continuously display the names and introductions of various cryptocurrency exchanges, attracting the attention of passersby. In every corner of Hong Kong, you can find ATMs that exchange cryptocurrencies for Hong Kong dollars, and Hong Kong has also become one of the important ways for mainland residents to cash out US dollars, with transactions completed in just one minute.

For ordinary users cashing out US dollars in Hong Kong, there is a limit of $50,000, and it is indeed relatively troublesome to go to Hong Kong. Is there a simpler method? The recommended #biyapay has been suggested many times; it holds a legal license in the United States, ensuring transaction safety and compliance. Convert digital currencies into mainstream fiat currencies like USD or HKD, withdraw to a bank account, and then deposit into other brokers to trade stocks, all done conveniently on the same day. The best part is that there will be no transaction record left in domestic banks. This means that no one can manage it; your money is your own, dancing back and forth on the sharp blade of the card-cutting operation, refusing all limits, non-counter, freezing, or stopping payments.