Floating profits in the crypto world are not real earnings; securing your gains is what truly matters.
In July of this year, I personally flew to Hong Kong to complete a USDT withdrawal. When I easily put a thousand ten-thousand Hong Kong dollar bills (that's right, one bill is ten thousand, so withdrawing one hundred thousand means just ten bills) into my pocket and then deposited them into my bank account, I truly experienced what 'smooth withdrawal' means.
This is much better than my previous experience with bank cards being controlled, having to repeatedly explain the source of funds to the bank. Today, as a veteran player in the crypto world for ten years, I will share how to safely convert your crypto assets into fiat currency in the current environment (2025), and how to become one of the few people who continue to make money in this brutal market.
Why has Hong Kong become the top choice for withdrawals?
Since Hong Kong implemented compliance regulations on cryptocurrencies, it has become a safe channel for mainland crypto players to withdraw funds. Unlike mainland banks, which may remain highly vigilant and question the source of large capital inflows, financial institutions in Hong Kong are more open to legally compliant crypto funds.
My actual operating process is very simple:
Find licensed offline exchanges or exchange shops in Hong Kong (the Hong Kong Securities and Futures Commission website can be used to check the list of licensed institutions).
Transfer USDT to the designated wallet address of the other party.
After verifying your identity on-site, directly receive cash in HKD.
Take the cash to open an account at Bank of China in Hong Kong (free card issuance) and deposit it.
The entire process takes less than two hours, and the key point is—since it is a cash transaction, it completely avoids the risk of receiving 'dirty money', which is the main reason why mainland bank cards get frozen.
For large amounts of funds (such as over 1,000,000 HKD), Hong Kong also has more professional channels, such as withdrawing directly through licensed exchanges like OSL or HashKey, or converting cryptocurrencies into traditional investment products through institutions like Victory Securities. Of course, the larger the amount, the more compliance preparations are needed, including keeping complete transaction records and explanations of the source of funds.
Why does the bank ask about the source of your funds?
In the mainland, if your bank card suddenly receives a large transfer, the bank customer service is very likely to call and ask about the source and path of this money. This is the bank's anti-money laundering legal obligation, especially when your account usually has little turnover, and suddenly a large amount of funds enters, the risk control system will automatically flag it.
What’s even more frustrating is that if there’s an issue with the account of the person you're transferring to, even if you are completely unaware of it, your bank card may be frozen. You need to prepare a lot of materials (transaction records, situation explanations, etc.) to explain to the bank or relevant authorities. I have friends who had their bank cards judicially frozen because they sold coins through unreliable U merchants and spent months getting them unfrozen.
Therefore, I have a few pieces of advice for withdrawals from the mainland:
Absolutely do not use your salary card and commonly used cards for transactions. Once frozen, it will affect your daily financial life, including your mortgage and car loan.
Avoid fast in and out; let the funds settle for a while after receiving payment. Immediate transfers or withdrawals will trigger stricter risk controls.
Stay away from high-priced U merchants; if they are willing to buy at a price higher than the market, they are likely engaged in money laundering activities, and your account will ultimately become a 'victim'.
Survival rules in the crypto world: how to become one of the few who make money?
Having talked about withdrawals, let’s discuss a more fundamental question—how to continue making money in the crypto world? There is a cruel law in this market: it is always the few who make money from the majority.
According to data from 2025, less than 15% of active users on exchanges are profitable, meaning 85% of participants are actually losing money. After ten years of struggle, I have come to realize that those who can consistently make profits usually do the following three things:
1. Contrarian thinking, countering human greed.
When the market FOMO (fear of missing out) sentiment is high, and even the square dance aunties are discussing which coins to buy, the real risk has already arrived. In my three experiences of market bull-bear transitions, investors who remained calm during market euphoria and gradually built positions during market fear ultimately survived and gained substantial returns.
Specifically, I set strict rules for myself: do not sell on highs, do not buy on dips, and do not act in sideways markets. In volatile markets, 90% of losses come from frequent trading, chasing highs and lows like a headless fly.
2. Risk management is the lifeline.
I have seen too many people become rich overnight only to lose everything in the next trade. In the crypto world, surviving is more important than making quick money.
My strategy is:
The risk of any single transaction should not exceed 3% of the principal. Once reached, decisively stop-loss, and do not hold any lucky mentality.
When profit reaches 30%, immediately take half of the profit off the table, and set a trailing stop on the remaining profit to let it run.
Never operate with full capital; keep a portion of cash reserves. This gives you the courage and ability to average down during extreme market declines.
3. Continuous learning, see through the essence.
The crypto world is not just about K-line charts; it is also a battleground interwoven with technology, policy, and human nature. Ordinary investors chase hot news, while seasoned players dive deep into project fundamentals, team backgrounds, and technological innovations.
I set aside time every week to read project white papers and pay attention to on-chain data changes. Only by building your own cognitive system can you avoid becoming the 'leeks' that the market harvests.
In crypto investing, safely exiting is as important as successfully entering. Using Hong Kong as a compliant channel for withdrawals has given me a solid sense of asset safety and liquidity. To survive in this highly volatile market in the long term requires strict discipline, continuous learning, and the courage for contrarian thinking.
I hope my personal experience helps you! Feel free to share your withdrawal experience or investment insights.
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