Many people are discussing various new cash-out methods.

In addition to the conventional exchange C2C, there are three cash-out options: U cards, Hong Kong bank cards, and online platform B2C.

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

1. U cards are a type of virtual or physical credit card, usually linked to cryptocurrencies (such as USDT), allowing users to recharge digital assets into the card for online shopping, ATM withdrawals, or offline payments. Common U cards include VCard, THPay, etc.

Advantages: Domestic consumption support, quick recharge and spending, low card issuance threshold, and higher anonymity.

Disadvantages: Higher fees/card issuance costs, reliance on third-party payment companies, with risks of disappearing or becoming invalid. Can only be used for consumption and withdrawals, not suitable for 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, and are used for cash-out, spending, or investment. Cryptocurrency users usually convert USDT to fiat currency through exchanges and wire it to their Hong Kong bank accounts.

Advantages: High security and compliance, low-cost rates, multifunctional, fast account arrival, international support.

Disadvantages: High card issuance threshold, currency exchange restrictions, not suitable for small transactions.

3. The mainstream online platform B2C is currently BiyaPay wallet. BiyaPay is a global multi-asset trading wallet established in 2019, headquartered in Singapore, with subsidiaries in the US, Hong Kong, and other locations. It provides one-stop financial services, covering cross-border remittances, 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: holds a US license, cash-out is safer for consumers compared to traditional C2C models. Convenient and fast: can be used directly after downloading from the Google Store. Fully functional: includes cross-border remittances, currency exchange, digital currency trading, US and Hong Kong stock trading, etc.

Disadvantages: Higher cash-out fees, requires overseas or Hong Kong cards, suitable only for large demands. (But it has low withdrawal costs and fast speed, and can also serve as a choice for investment trading.)

Summary: The above three have their own advantages and disadvantages. We need to choose the method that suits us based on our actual situation. Wishing everyone great wealth in the cryptocurrency world, like if you enjoy, and feel free to comment and guide. $BTC