1. Offline exchange in Hong Kong (suitable for large withdrawals)

Operation process:

  • Go to Hong Kong and choose licensed and compliant OTC exchanges to convert USDT to HKD/CNY.

  • Operate in small batches (e.g., single transaction ≤ 500,000 HKD) to reduce regulatory attention risk.

  • Prefer exchanges with physical stores and good reputations, avoiding private transactions or unlicensed institutions.

Precautions:

  • Keep complete transaction records (such as exchange vouchers and transfer receipts).

  • Avoid carrying large amounts of cash when leaving the country, it is recommended to transfer to a domestic account via bank transfer.

2. Overseas bank withdrawal (high compliance)

Operation process:

  1. Transfer USDT from Binance to a compliant exchange (e.g., Kraken, Coinbase).

  2. Sell for USD/EUR, withdraw to an overseas bank account (e.g., Hong Kong Zhong An Bank, Singapore DBS).

  3. Transfer funds to domestic accounts via wire transfer or credit card (foreign exchange source must be declared).

Precautions:

  • Apply for an overseas bank card in advance, ensuring the account supports cryptocurrency transactions.

  • Pay attention to China's foreign exchange control policies (annual limit of $50,000).

3. Binance C2C trading (convenient but requires risk control)

Operation process:

  1. Choose 'high credibility merchants' on the Binance C2C platform (registered for more than 2 years + transaction volume ≥ 100 million).

  2. Secure transactions through the platform, convert USDT to RMB and withdraw to a bank card.

Key risk control points:

  • Strictly prohibit offline transactions: All operations must be completed within the Binance platform, avoid private transactions on WeChat/Telegram.

  • Release coins only after confirming receipt, beware of phrases like 'agent purchase' or 'special channels'.

  • It is recommended that the daily transaction amount be ≤ 200,000, distributed to different bank cards.

⚠️ Risk Warning

  • Funds freezing: Large RMB deposits may trigger bank anti-money laundering investigations, income proof must be prepared.

  • Legal risks: China prohibits direct exchange of cryptocurrencies for fiat currency, must operate through compliant channels.

  • Fraud and robbery: Offline transactions are prone to fraud or violent incidents, always choose platform-secured transactions.

Tip: Consult professional tax/legal advisors before withdrawal to ensure compliance. The cryptocurrency market is highly volatile, safety first!

(This article is for reference only and does not constitute any investment or legal advice.)


#币安Alpha上新 $XRP