A platform for trading Hong Kong and US stocks with USDT without loss - Biyapay

Investing in high-quality global assets is inseparable from US stocks, but the process of converting crypto assets to US stocks is too cumbersome. If you do not have a foreign currency card and want to trade US stocks, you can try this.

Previously, I wrote a tutorial on how to withdraw from USDT to fiat currency, but some people do not have a Hong Kong card, or the loss is too high after several operations. Additionally, remittance takes time, and converting back to USDT is also quite troublesome.

Registration link (remove the space after the dot): biyapay.com/re/45922589 (20% fee waiver)

➤ Pros and Cons of Different Hong Kong and US Stock Brokers

Advantages

1. USDT can be directly exchanged 1:1 for USD without loss

2. Can trade digital currencies, though the variety is very limited

3. Transaction fees are lower than Futu, and using the referral code gives a 20% discount, with fees second only to Interactive Brokers. The registration link is above.

4. The ordering mechanism is real-time 1:1 orders to the US stock market; other uses also support the possibility of betting with USDT to buy US stocks.

5. The trading experience is closer to digital currency trading rather than traditional US stock trading.

6. There is a 5.48% USD/USDT current financial management return.

7. Compared to other US stock brokers, it may be able to avoid taxes; at least I have not received any notifications using Interactive Brokers and Biyapay.

Disadvantages

1. Loan interest is too high

2. Cannot participate in new listings for Hong Kong and US stocks

3. Holds licenses from the US, Canada, and New Zealand, but compared to formal internet brokerages, there may be certain risks

4. Currency exchange fees are too high; for example, exchanging USD to HKD incurs significant loss.

Other Functions

- Global remittance is the main business of biyapay, but compared to backpack, karken, and Victory Securities, the remittance fees for fiat currency are relatively high, unless exchanging for other foreign currencies. The fee for converting USDT to fiat currency is 1%.

USDT Payment Card

- There is a fast card, but the fees are not very competitive, not as good as infini.