After making tens of millions in the crypto space, withdrawing funds requires careful selection of compliant, safe, and efficient methods. Here are several common withdrawal methods:
1. Withdrawal through compliant exchanges
Compliant exchanges are the preferred method for withdrawals, with higher security for funds from trusted merchants.
2. Withdrawal in Hong Kong
Hong Kong's financial system is mature, and regulation is relatively lenient, making it a popular choice for withdrawals in the crypto space.
Method 1: Through Hong Kong Victory Securities:
Deposit cryptocurrency into Hong Kong Victory Securities, sell it, and withdraw to a Hong Kong bank account.
Method 2: Currency exchange points in Hong Kong:
Convert USDT or other cryptocurrencies into Hong Kong dollars, then withdraw cash or transfer to a local bank account.
Note: Choose reputable exchange points to avoid the risk of running away.
Method 3: BiyaPay
Recharge cryptocurrency to BiyaPay, which can be exchanged for mainstream fiat currencies like USD, HKD, etc., and then withdrawn to a Hong Kong bank account.
3. Withdrawal via overseas bank cards
If it's inconvenient to go to Hong Kong in person, you can withdraw funds using overseas bank cards.
4. Withdrawal through third-party payment platforms
Some third-party payment platforms (such as Wise, iFAST) can act as intermediaries, transferring funds from exchanges to domestic accounts.
Steps:
After exchanging to mainstream fiat currencies like USD, HKD, GBP, EUR in BiyaPay, you can withdraw to Wise or iFAST banks.
Use Wise or iFAST to remit funds to domestic UnionPay cards, Alipay, or WeChat.
Note: Choose options with lower fees to avoid high costs.
BiyaPay also supports transactions with various cryptocurrencies and fiat currencies. With over 500,000 users globally, it supports more than 100 countries and regions. All fiat transactions through BiyaPay are processed by licensed institutions rather than C2C transactions, ensuring the safety of funds.
In summary, choosing a compliant, safe, and suitable withdrawal method is crucial. It is advisable to make careful decisions based on your situation and needs.