If you have made 10 million yuan through cryptocurrency trading and want to transfer these funds to a domestic bank account, you do need to be careful to avoid being mistaken for huge assets of unknown origin. Here are two legal ways to transfer funds:
1. Use BiyaPay for conversion:
Withdraw USDT from the exchange to BiyaPay, which has a US legal license.
In BiyaPay, you can exchange USDT for an equivalent amount of US dollars.
Withdraw US dollars to a bank that supports international transfers, such as Wise or OCBC Bank.
Through Wise, you can transfer US dollars back to your domestic Alipay, WeChat or Bank of China account, but you need to pay attention to the annual limit.
OCBC Bank's 360 account allows you to withdraw cash directly in China without the annual limit of US$50,000.
2. Convert through Kraken Exchange:
Withdraw USDT from Kraken to iFAST UK Bank, which also has a legal license.
This method is also legal, although it will involve certain fees and exchange rate losses.
It should be noted that although the above methods are legal, it is still recommended to consult a professional legal advisor before operation to ensure that all steps comply with local laws and regulations. In addition, please be aware that any legal path will incur certain costs, which is to ensure the safety and compliance of funds.
Of course, Lao Yu wishes all brothers to become rich!!!
