In recent months, it seems that friends have made money with Alpha. The apps on their phones have changed from Meituan's quick delivery to Dongche Emperor, Auto Home, and chat groups have started asking how to safely withdraw funds to avoid account freezing.
Yesterday, Jige wrote an article about using the Jade Card, which involved withdrawal issues, and there were some details not mentioned, so there were many questions. Today, Jige continues to write a practical article to detail how to safely withdraw funds.
Large withdrawals, using compliant exchanges
For large safe withdrawals, compliance exchanges are still the first choice (currently supporting KYC with Chinese mainland passports), withdraw to bank cards.
There are three paths: Euro to Wise, then to Alipay; USD ACH to US card; HKD to HK card. You can wash it through a broker in between (buying and selling stocks) and then to a bank card; if it's too troublesome, you can skip washing.
This is for safe withdrawals over 100,000u. Once everyone earns Alpha assets over 100,000u, Jige will post a detailed introduction.
Small amount withdrawal, using U card
If it is below 10,000u, you can apply for a U card, and use the U card for consumption or withdrawals.
Most U cards support Apple Pay for consumption, but there are not many that support Apple Pay in China, and there is a 3% fee.
A small number of U cards support Alipay, such as the Jade Card. The Bybit card could be used before, but it has now been blacklisted and can only be bound, unable to make payments.
So determining whether a U card is worth opening is not useful if it boasts excessively; it mainly depends on whether the U card supports Alipay. Because support for Alipay makes it convenient for daily consumption or withdrawals, without relying on other solutions.
Alipay international bank card usage rules and rates
Annual limit of 10,000 USD, no increase in limit.
Payment fees: no fee for single transactions of 200 yuan (including 200) or less, 3% fee for single transactions over 200 yuan.
Therefore, it is necessary to control each transaction to be less than 200 yuan to avoid that 3% fee.
Alipay's U card withdrawal paths
Apply for a U card that supports Alipay, and bind it to Alipay.
Apply for a small micro business (it is recommended to choose a mobile vendor), and you can apply with just an ID card without a business license.
Make multiple payments, each under 199 yuan (to save 3% fee) with Alipay, and withdraw to your own bank card.
Some may ask, can you brush for yourself on the second point, will there be risk control?
Of course, you can't use Alipay merchants directly here. There is a third-party payment service specifically for this business called: Lakala. I won’t go into details; you know what I mean. They charge a withdrawal fee of 0.35%, D0 immediate arrival, good to use.
Advantages of the Jade Card
Supports Alipay payment, this is the key point.
Opening card fee 75u, recharge fee rate 0.5%~1%, payment fee rate 0.1u+1.5%.
Receive Jade points for Layer airdrop.
Whitelist for cooperative projects.
The biggest advantage of the Jade Card is that it supports Alipay, and there’s an opening fee to avoid brushes. It’s important to know that the Bybit card being banned by Alipay is a clear example of being brushed away by rebates. The opening threshold effectively avoids some studios.
The payment fee rate is also very low, with the lowest rate being around 2% per transaction.
Below is a flowchart of the entire U card withdrawal process
1. Open the Jade Card, prepare USDC on the SOL chain with more than 75u, pay 75u on the official page to open the card. My invitation code: 【WPC4YK】. KYC must use your real information.
2. Purchase the Lakala cash register code, go to Pinduoduo (JD) and spend a few dimes to buy a Lakala cash register code, be sure to choose the 0.35% fee rate. It can collect payments via Alipay, Huabei, credit cards, and international cards. Fixed fee rate of 0.35%, no other hidden consumption, D0 immediate arrival. Fee rates vary among agents, ranging from 0.35% to 0.55%, choosing 0.35% can save a bit more. (The small vendor registered by Jige is called 【Wutou Maocai】)
3. Bind Alipay to the Jade Card for QR code payment, note that each transaction under 200 yuan saves on fees.
Summary:
The Jade Card can bind Alipay and use Lakala for safe withdrawals.
Using the card for payment can earn Jade points for the second season Layer airdrop, as well as various cooperative project airdrops or whitelists (similar to Sol's mobile phone).
For example, this period, Sahara holders of the Jade Card have an additional ICO limit of 1000u and are not restricted. Additionally, there is a 5u BTC airdrop to remember to claim, which can recover 5u.
The opening card fee is relatively high at 75u; friends with withdrawal needs and project airdrops or whitelists can try it.
