Recently, I encountered a lot of pitfalls and would like to share a key lesson with everyone.

Some small exchanges freeze your deposits for 3 days without notice, or lock your assets under the guise of staking for more than 2 months. What's even more disheartening is that the previous route for deposits and withdrawals through a certain exchange → ifast → wise → Hong Kong card is now completely unusable. Those who used this route now face the risk of account closure and card freezing.

I have noticed a pattern: any effective deposit and withdrawal channel will be blocked by risk control as soon as there are more Chinese users. This has been the case for Tether's channels in recent years.

So how do we play now? The most stable solution is to directly exchange to USD fiat seamlessly on Binance's spot market, and then transfer it to a Hong Kong card via internal wire transfer. It takes a maximum of 5 days to arrive on business days.

Some may say that the fees are indeed a bit high, but I have to be honest—the cleanliness of the money is the priority. This route is regulated by the Central Bank of Bahrain and uses a compliant payment bank license. Once your funds are frozen due to risk control, those fees are nothing at all.

Instead of thinking about saving that little bit of money every day, it's better to choose reliable and compliant solutions from the very beginning. This is experience bought with money.