How to withdraw bitcoin abroad
in fact, buying bitcoin in the United States and selling it in China is a very simple process: first, you buy it on the U.S. trading platform or through other ways, and then transfer it to your own wallet, which can be an online wallet or a client-side wallet, When you recharge the bitcoin in your bitcoin wallet to the domestic bitcoin trading platform, you can cash out. It is not recommended to transfer the bitcoin directly from the wallet of foreign trading platform to the wallet of domestic trading platform, because it may not arrive at the account
this has existed in China for a long time, commonly known as moving bricks, because before Mentougou closed down, the price of external market was generally lower than that in China, and moving bricks arbitrage was the favorite of many bitcoin speculators
of course, bitcoin mining is also carried forward in China. Bitcoin has boosted the price and computing power of bitcoin. From the first generation of pumpkin Zhang Avalon miner to the present generation of Avalon 3 miner, the miner instry is booming in China.
Analysis of foreign bitcoin mentioning China:
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domestic exchanges are unable to withdraw bitcoin at present, so they need to have bitcoin outside the domestic exchanges, and then register an account in the foreign exchanges that support withdrawal of corresponding legal currency, they will get a bitcoin Wallet allocated by the exchanges, and then recharge the bitcoin
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the most important thing is to need a corresponding foreign bank account to withdraw legal money. If the person is not abroad, it is more difficult, or it is easier to have trusted relatives and friends abroad to help. In fact, this is a channel for foreign exchange exchange. Therefore, the freezing of currency withdrawal in domestic exchanges is far away. Even if it is liberalized, it will be quite troublesome. There will certainly be very strict KYC policies and limits
Remit money by drawing a draft
according to the requirements of the remitter, let the bank draw a bank draft to be paid by the bank in the receiving place, and the payee will present the draft to the bank in the receiving place abroad for payment, or entrust the opening bank to collect the money on his behalf
a handling fee of 1 ‰ of the remittance amount is charged for the bill exchange, and if it is in cash, the fee of cash discount exchange is also charged. Compared with ordinary remittance, it saves a sum of postal and telecommunication expenses
bitcoin does not rely on a specific monetary institution. It is generated by a large number of calculations according to a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, And the use of cryptography design to ensure the security of all aspects of money circulation
the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner
compared with fiat money, bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes, and can circulate all over the world. It can be bought and sold on any computer connected to the Internet, and in the transaction process, Chinese and foreign people cannot identify the user's identity information< br />