Those who have been merchants know:
Whenever the cryptocurrency market experiences significant fluctuations, it is the moment for large-scale withdrawals.
Some people are dog gods, some successfully trade contracts, and others are diamond hands winning. After making money, most people will withdraw to improve their lives.
Recently, BTC has surged sharply, and many people have made money and want to withdraw. Here are a few points to note:
1. When withdrawing on C2C platforms, try to choose established merchants with a higher transaction volume.
I personally suggest not to choose bank cards as a withdrawal method; you can opt for ZFB or WX instead. The reason is that regardless of the time, in terms of risk control safety and importance, nobody wants their bank card to have issues. Once a bank card has problems, it becomes a big issue, so it’s best to avoid it.
2. Using a U card for daily life is also a good choice.
This is suitable for everyday users. Using a U card for daily expenses, buying groceries or water, and purchasing household appliances is quite good as long as you are not in a hurry; slow consumption is also quite nice. Note that you should choose a U card from a well-known brand, as smaller brands carry risks like running away.
3. Having a Hong Kong card is the most convenient.
You can use the multi-asset trading wallet BiyaPay. It is available on the Google app store, holds a legal license in the United States, and ensures transaction safety and compliance. Through BiyaPay, you can exchange USDT for US dollars, and then the dollars can be withdrawn to Wise or OCBC Bank. Although there are fees, the fund flow is completely compliant.
It is the world's first multi-asset trading wallet, providing investors with a brand new, more intuitive interface and trading experience for digital currency to fiat currency transactions.
For users in the cryptocurrency space, BiyaPay offers a safe and convenient B2C withdrawal solution, effectively solving card freezing and fund issues in OTC or C2C transactions. Users can deposit USDT into the remittance platform, easily convert it to US dollars, and withdraw it to a Hong Kong card.