Comparison of 5 paths from exchanges to banks, explained in one article

Making money on-chain relies on skills, cashing out off-chain relies on techniques.

When the market is good, everyone talks about getting rich, but when it comes to cashing out, it is the real 'graduation exam' for crypto.

In today's article, I will analyze the 5 mainstream cash-out methods on the market in terms of safety, smoothness, and risk points, suitable for friends at different stages to reference:

🛣 Path One: Exchange OTC cash-out (over-the-counter fiat trading)

Suitable for: Beginners, just getting started

Advantages: Simple, high compliance, directly exchanged for RMB into bank account

Common platforms: Binance OTC, OKX, Huobi, etc.

🔎 Points to note:

  • The receiving card must be in the individual's real name (do not use family members' cards)

  • Try to choose transactions with 'verified merchants'

  • After receiving a large transfer, screenshot to save the record + note the purpose, in case the bank asks, for easier explanation


✅ Safety Rating: ★★★★☆

⛔ Common pitfalls: The other party pays with someone else's card during the transaction, which may affect the bank's risk control rating

🛣 Path Two: Transfer on-chain to a third-party payee, and pay back to the country

Suitable for: Users with overseas friends and resources

Advantages: High flexibility, no limit on amount

Operational idea: Transfer USDT to overseas friends, they withdraw and exchange abroad, then transfer back through other methods (like PayPal, wire transfer)

🔎 Points to note:

  • Must ensure the other party is trustworthy and has complete communication and transaction records

  • For domestic receipts, it is also recommended to note the purpose and back up chat screenshots

✅ Flexibility Rating: ★★★★☆

⛔ Risk control risk: If the funds returning to the country go through unclear paths, it is easy to trigger risk control

🛣 Path Three: Transfer to card merchant platform/cash-out channel

Suitable for: Users with large amounts needing to cash out quickly

Advantages: Managed by a professional team, high efficiency

Disadvantages: High service fees, need to filter reliable channels

🔎 Points to note:

  • Not recommended to find unfamiliar intermediaries; must have familiar endorsements

  • Requirements: Provide a screenshot of the source of funds, exchange transaction history, and transfer proof, to self-verify in case of risk control.

✅ Efficiency Rating: ★★★★★

⛔ Risk Rating: ★★☆☆☆ (Choosing the wrong person can be troublesome)

🛣 Path Four: Currency-based consumption (no need to cash out)

Suitable for: Users who are not in a hurry to cash out and want to spend crypto directly

How to operate: Spend directly using cryptocurrency on platforms that support it

Such as Binance Card, BitPay Card, Web3 payments, etc.

🔎 Points to note:


  • Some cards or services do not support registration/issuance in China


  • Avoid frequent large transactions; easy to trigger platform risk control


✅ Convenience Rating: ★★★☆☆

⛔ Actual application: Current scenarios are still limited, suitable for small daily amounts

🛣 Path Five: Exchange for digital asset physicals (NFTs, physical items, etc.)

Suitable for: Individuals with large asset volumes and expertise in value preservation

Operational method: After purchasing NFTs, stable asset tokens, or RWA projects, seek other ways to cash out


🔎 Points to note:

  • Similar to 'curve cash-out', although slow, it can avoid short-term volatility risks

  • Need to assess the project's safety and liquidity on your own



✅ Value Preservation Rating: ★★★★☆

⛔ Low flexibility, requires strong professional judgment

✅ Summary Comparison Table:

📌 Conclusion: On-chain is about vision, off-chain is about details

Speculating on coins to get rich is not illegal, but if cashing out fails, everything is in vain.

Those who can cash out compliantly and smoothly have prepared in advance:


  • There is a closed loop of transaction records


  • Have communication and transfer evidence


  • Have a reasonable design for cash-out paths


🗣 What type of cash-out method do you want to know the most?

Leave keywords in the comments; I'll pick popular paths and make a more detailed breakdown!
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