🚨 Cryptocurrency deposits and withdrawals have always been a major challenge. Today I will share a practical, legal, compliant, and low-risk 'Hong Kong offline withdrawal plan', the whole process only cost 70 yuan and took 1.5 hours to complete.

📍 Keywords: #Withdrawal #USDT #HongKong #CurrencyExchangeShop #CashTransactions

After Hong Kong opened up crypto trading last year, many cryptocurrency exchange shops (OTC) appeared on the streets, and there are even USDT ATMs.

This time I went to a regular shop in Sheung Shui, pure cash withdrawal, no personal information left, the entire process is as follows👇:


🧭 Withdrawal Process:

  1. Apply for Hong Kong and Macau Travel Permit (￥15)

  2. Buy cross-border data packages (￥7.99)

  3. Cross the Futian Port, take the subway directly to Sheung Shui (￥24.34)

  4. Go to [One Satoshi] (29 Xin Kang Street, Sheung Shui, New Territories, Ground Floor A1)

  5. Tell the staff you want to 'sell U', and they will give you a quote (in HKD).

  6. If the price is OK, open Binance → Assets → Withdraw → Select on-chain withdrawal (TRC20), scan the other party's QR code to transfer.

  7. After confirming the transfer, receive HKD cash on the spot 💵

  8. Return to the subway station (￥24.34)

📌 Total cost: about ￥71.67 (excluding transportation costs to the border)

📌 Total time spent: about 1.5 hours (Hong Kong section)

⚠️ Notes:

  • Only accept/pay in HKD cash (remember to get change).

  • Single transactions under 120,000 HKD do not need to register ID proof, just sign your name.

  • To get the 'member price', you need to provide all personal information, not recommended.

  • There is a delay on the TRC20 chain, wait for the funds to arrive before leaving.

Do not withdraw large amounts to bring back to the mainland, ⚠️ Excessive entry and exit must be declared:

  • Foreign currency cash > $5,000 must be declared in writing.

  • RMB cash > 20,000 is prohibited from being carried.

💡 After getting HKD, you can:

  1. Deposit into Hong Kong bank account → Invest in US stocks brokerage.

  2. Link Alipay/WeChat → Spend HKD domestically.

  3. Transfer back to the mainland via Hong Kong bank account (each person has an annual foreign exchange limit of $50,000).

👉 You can also directly bring HKD back to the mainland and exchange it for RMB at the border or in Hong Kong (not recommended for large amounts).

📌 Supplementary Knowledge Points:

  • The 'currency exchange shop' is a legal currency exchange operation in Hong Kong, regulated by the Monetary Authority, and OTC transactions are very common.

  • Offline trading in Hong Kong is currently one of the most reliable methods for USDT withdrawals, especially suitable for retail investors.

  • Similar shops can also be found in Tsim Sha Tsui, Central, Wan Chai, etc., with slight differences in exchange rates.

🧠 Summary:

Compared to the gray channels of the past, there are now many compliant and safe paths for crypto deposits and withdrawals. As long as you control the amount and avoid high-risk routes, retail investors can use it with confidence.

If you have any questions, feel free to ask in the comments section. In the future, I will share more related knowledge about crypto deposits and withdrawals.

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