If you have a Hong Kong bank account, you can directly transfer from Binance to a Hong Kong bank via USDT to HKD. Binance currently supports direct withdrawals to your bank. The fee is $25 per transaction.
Next, you link a domestic wallet for payments. As long as each transaction is under 200 RMB, there’s no service fee.
That way, you can make money in crypto and spend it in real life—no more worrying about withdrawal safety issues.
Of course, this channel isn’t suitable for large withdrawals. It’s mainly for covering everyday expenses. High-frequency small withdrawals are also a bit of a hassle. But withdrawing around $20,000–$30,000 per year within the country can still be quite comfortable.
By the way, if you deposit the money directly into your Hong Kong bank account in HKD, you can also earn interest. You can even use it to buy US stocks, or participate in Hong Kong stock IPOs.
Next, you link a domestic wallet for payments. As long as each transaction is under 200 RMB, there’s no service fee.
That way, you can make money in crypto and spend it in real life—no more worrying about withdrawal safety issues.
Of course, this channel isn’t suitable for large withdrawals. It’s mainly for covering everyday expenses. High-frequency small withdrawals are also a bit of a hassle. But withdrawing around $20,000–$30,000 per year within the country can still be quite comfortable.
By the way, if you deposit the money directly into your Hong Kong bank account in HKD, you can also earn interest. You can even use it to buy US stocks, or participate in Hong Kong stock IPOs.
