Recently, I've started using BiyaPay for transactions. I would like to share my personal experience and feelings regarding BiyaPay, including its features, advantages, and some points to be aware of, hoping it can help friends in need.
1. Convenient Cross-Border Payment Function
One of the biggest highlights of BiyaPay is its cross-border remittance feature. For those who need cross-border payment, it is definitely a treasure. Traditional bank remittances not only have high fees but also take a long time, sometimes even requiring 3-5 working days. However, through BiyaPay, you can directly exchange digital currencies such as USDT into US dollars or Hong Kong dollars and remit them to a designated account. The entire process is usually completed on the same day, and sometimes it only takes a few minutes, greatly improving efficiency!
Advantages: Low cost, fast time, and simple remittance process!
2. Currency Exchange
BiyaPay supports real-time exchange of various digital currencies, especially the 1:1 exchange of USDT to US dollars, making it easy to convert digital assets into fiat currency. The exchange process is transparent, with real-time updates on exchange rates and no hidden fees. The “Instant Exchange” feature within the app is easy to operate, making it completely suitable for beginners!
3. Investment in US and Hong Kong Stocks
BiyaPay's deposit and withdrawal feature for US and Hong Kong stocks is very practical. There is no need to apply for an overseas bank account; you can recharge USDT, exchange it for US dollars or Hong Kong dollars, and directly deposit it into a brokerage account. The minimum fee is only $20, and it supports ACH deposits, with zero fees in banking transactions. More importantly, BiyaPay covers the mainstream securities markets in the US and Hong Kong, with a simple trading interface, free real-time market view, and commissions as low as 0.05%, offering great value for money.
4. Security and Compliance
In terms of security, the BiyaPay platform holds a US MSB financial services license, a US SEC RIA license, and a New Zealand FSP securities license, with compliance recognized by regulatory authorities in multiple countries. It employs a multi-layer encryption and risk control system to ensure the safety of funds and personal information. I have never encountered any security issues during use, and the flow of funds can be tracked in real-time through the app, ensuring high transparency.
Conclusion: BiyaPay is a powerful and user-friendly multi-asset trading wallet, especially suitable for users needing cross-border remittances, digital currency exchanges, or investments in US and Hong Kong stocks.