How to cash out the valuation of total assets in the currency circle? How to withdraw cash to WeChat?

The core steps of asset monetization include: 1. Select a compliant trading platform, such as Binance and OKX, to ensure that the platform has a fiat currency withdrawal channel; 2. Sell cryptocurrency and trade through spot or OTC; 3. Bind the collection account, which must be consistent with WeChat's real-name information; 4. To initiate withdrawal to WeChat, pay attention to the amount of cash withdrawal and handling fees.

1. Core steps for asset monetization

1. Choose a compliant trading platform

Priority is given to the use of mainstream platforms that support fiat currency trading (such as Binance , OKX , Huobi, etc.). These platforms provide fiat currency withdrawal channels and support the exchange of cryptocurrencies into fiat currencies such as money.

. Note:

• Verify platform qualifications and give priority to regulated exchanges (such as HashKey and Kraken Pro) that have compliance licenses in Hong Kong and Singapore;
• Avoid using niche platforms and prevent the risks of black money.

2. Sell cryptocurrency

• Spot trading : Sell cryptocurrency directly on the platform and exchange it for money. It is recommended to choose mainstream currencies with large trading volume (such as BTC, ETH), which have higher liquidity;
• OTC OTC transactions : Direct transactions for high-quality merchants certified by the platform must be checked (priority is given to merchants with stable transactions within 2 years and within 30 days).

3. Bind the collection account

Bind WeChat real-name information in the "Fire Currency Account" of the exchange, and it must meet:

• The WeChat account has completed real-name authentication and is consistent with the exchange's real-name information;
• Some platforms may require additional upload of ID or bank card information.

4. Initiate withdrawal to WeChat

• Enter the cash withdrawal amount (need to be higher than the platform minimum limit, usually ≥100 yuan);
• Select the "WeChat Withdrawal" channel to confirm the handling fee (usually 0.1%-0.5%);
• Wait for review after submission and usually arrive within 1-3 hours.

2. Things to note when withdrawing cash to WeChat

1. Prevent the risk of fund freezing

Operation in batches : The recommended cash withdrawal amount is ≤50,000 yuan to avoid triggering bank anti-money laundering risk control
Account activity : Ensure that WeChat account has normal transaction flows in the near future before withdrawing, and avoid long-term idleness
Avoid sensitive periods : Avoid large withdrawals in late at night or early morning

2. Compliance and Taxation

Reporting income : According to China's tax law, the income from virtual assets transactions must be paid for personal income tax at 20%. It is recommended to keep the transaction records for checking.
Avoid legal risks : Avoid using Alipay and WeChat main accounts to directly receive large amounts of funds, and give priority to transition through Hong Kong or overseas bank accounts (such as Zhong'an Bank)

3. Alternatives (large amounts of funds apply)

Overseas channel : transfer funds to overseas bank accounts through Hong Kong Compliant Exchange (such as OSL) and then remit them back to the mainland in batches.
Cryptocurrency debit card : Mastercard issued by Bybit, Bitget and other platforms, direct consumption or ATM withdrawal

3. Safety advice

Enable two-factor authentication (2FA) : bind Google Authenticator to both exchange and WeChat to prevent the account from being stolen

Cold money bracelet storage : It is recommended to use hardware money bracelets (such as Ledger) for long-term holding of assets, and only a small amount of funds are retained on the exchange.

Beware of phishing links : log in to the platform through official channels only to avoid clicking on withdrawal guidelines from unknown sources

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