Many people are discussing various new withdrawal methods.

In addition to the conventional exchange C2C, there are three methods for withdrawal: U-cards, Hong Kong bank cards, and online platform B2C.

Here are the advantages and disadvantages/features of the three:

1. U-card is a type of virtual or physical credit card, usually linked to cryptocurrencies (such as USDT), allowing users to recharge digital assets onto the card for online spending, ATM cash withdrawal, or offline payments. Common U-cards include VCard, THPay, etc.

Advantages: Supports domestic consumption, allows quick recharge and spending, has low card opening threshold and high anonymity.

Disadvantages: High fees/card opening costs, relies on third-party payment companies, risks of running away or becoming invalid. Can only be used for spending and cash withdrawal, cannot support large transfers or investments.

2. Hong Kong bank cards are issued by banks in Hong Kong (such as Bank of China Hong Kong, HSBC Hong Kong, etc.), can receive USD or HKD, used for withdrawals, spending, or investment. Users in the cryptocurrency space usually exchange USDT for fiat currency through exchanges and wire transfer it to a Hong Kong bank account.

Advantages: High security and compliance, low cost rates, multi-functional, quick arrival, international support.

Disadvantages: High card opening threshold, currency exchange restrictions, not suitable for small amounts of spending.

3. The mainstream online platform B2C is now the BiyaPay wallet. BiyaPay is a global multi-asset trading wallet established in 2019, headquartered in Singapore, with subsidiaries in the USA, Hong Kong, and other places. It offers one-stop financial services, covering cross-border remittance, currency exchange, US and Hong Kong stock trading, digital currency trading, and wealth management products, aiming to lower the threshold for users to participate in the global financial market.

Advantages: Safe and compliant: has a U.S. license, withdrawals are safer for consumers than traditional C2C in the B2C merchant model. Convenient and fast: can be used directly after downloading from the Google Store. Fully functional: includes cross-border remittance, currency exchange, digital currency trading, US and Hong Kong stock trading, etc.

Disadvantages: Withdrawal fees are relatively expensive, requires foreign cards or Hong Kong cards, suitable only for large demand. (However, it has low withdrawal rates and fast speed, and can also be used as a choice platform for investment trading.)

Summary: The above three methods each have their pros and cons. We need to choose the method that suits us based on our actual situation. I wish everyone in the cryptocurrency space can make a fortune. If you like it, please like and feel free to comment and guide. $BTC