Recently, many people are concerned about how to exchange stablecoins for USD and withdraw them. I have prepared a step-by-step guide to help everyone.

**Identity Verification and Basic Conditions**
First, holding a Chinese ID card allows participation in USD withdrawals. However, the prerequisite is completing the basic identity verification process. The web interface is quite clear; if you use the app, you might need to explore a bit longer to find the entry point.

**Cost Structure for Exchange and Withdrawal**
Converting USDT to USD mainly involves the spread at the time of exchange, which fluctuates in real-time. Based on actual operations, the slippage for exchanging 2000 USDT is approximately 0.81%. When withdrawing USD to your bank card, a fee of $25 USD is also charged. The entire process typically takes 0 to 5 business days.

**Technical Implementation**
The underlying logic is as follows: stablecoin to USD is directly supported by the platform or its liquidity pool; USD withdrawals are processed through a payment channel called BPay, which is a licensed payment institution based in Bahrain.

**Why Choose USD Withdrawal**
Compared to C2C over-the-counter exchanges for RMB, USD withdrawal has a clear advantage: the risk of receiving problematic funds is greatly reduced. C2C counterparties can be complex and prone to pitfalls; whereas USD exchange is a direct protocol transaction, making counterparty risk relatively controllable.

**Bank Card Selection Advice**
If you have a Hong Kong bank account, prioritize banks that are relatively friendly to crypto assets. For example, ZA Bank is a good choice.

**Important Risk Reminder**
It must be emphasized here: withdrawing USD after exchanging from USDT may trigger local tax obligations. Tax policies vary by region, so everyone must understand the relevant regulations in their area and operate in compliance. If you have additional questions or comments, feel free to discuss in the comment section.