How to transfer money from selling Bitcoin back to China

If you want to transfer the funds after selling Bitcoin back to China, you need to choose a cryptocurrency trading platform that supports Bitcoin transactions and legal currency withdrawals. After selling Bitcoin on the platform, you can withdraw legal currency according to the platform process. Enter your bank card or Alipay account number, select the withdrawal amount and confirm the operation. However, you should pay attention to choosing a platform that supports withdrawals, check the withdrawal fees, and only use your own account to withdraw money. The withdrawal time will also vary on different platforms.

How to transfer funds back to the country after selling Bitcoin?

Step 1: Choose a trading platform

• Choose a reputable cryptocurrency trading platform that supports Bitcoin transactions and fiat currency withdrawals.

Step 2: Sell Bitcoin

• On the trading platform, place your Bitcoin pending order to sell and select the fiat currency you want to receive .

Step 3: Fiat currency withdrawal

• Once your Bitcoin sale is successful, you can withdraw fiat currency. Follow the specific process of the trading platform:

  • Enter your bank card information or Alipay account number.
  • Enter the amount you wish to withdraw.
  • Confirm transaction.

Note:

• Make sure the trading platform supports RMB withdrawals.
• Check the withdrawal fees of the trading platform and choose the one with the lower fees.
• For safety reasons, please only use your own bank card or Alipay account to withdraw cash.
• The withdrawal time of different trading platforms may be different, please wait patiently for your account to arrive.

Example:

Example process for selling Bitcoin and withdrawing fiat currency using the Binance trading platform:

1. On a Binance account , place the Bitcoin pending order to sell and select RMB.
2. After the sale is successful, click the "Withdraw" button.
3. Select "Withdrawal of Fiat Currency" and then "RMB".
4. Enter your bank card information or Alipay account number.
5. Enter the withdrawal amount and confirm the transaction.
6. In about 1-3 working days, the fiat currency will be credited to your bank card or Alipay account.

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