How much is the handling fee for USDT exchange shops in Hong Kong?

USDT is the mainstream settlement currency in the cryptocurrency market. Before investing in Bitcoin, Ethereum and other cryptocurrencies, investors usually convert to USDT before trading. As one of the international financial centers in Hong Kong, cryptocurrency trading is a common investment, but converting Hong Kong dollars into USDT is relatively troublesome. For this reason, Hong Kong USDT exchange shops have become a favorite among investors and are frequently used. But when using it, you also need to know how much the handling fee is for USDT exchange shops in Hong Kong? Generally speaking, the handling fee is 1% to 3%, and the handling fee for using ATM machines is 1%. The editor below will tell you in detail.

How much is the handling fee for USDT exchange shops in Hong Kong?

It is understood that the handling fee of Hong Kong exchange stores is 1% to 3%, and the handling fee of using ATM machines is 1%. The USDT exchange store in Hong Kong is a physical store or counter that provides exchange services between cryptocurrency and legal currency. These exchange shops allow customers to buy or sell USDT for cash and sometimes offer exchange services for other cryptocurrencies. They are similar to traditional currency exchange shops but focus on cryptocurrencies.

The handling fees of exchange shops usually vary according to market supply and demand, transaction amount, store location, competitive environment and other factors. The following is an analysis of four common factors:

1. Market supply and demand:

Exchange shops are based on market supply and demand Circumstances adjust the bid-ask spread and may affect the final fee.

2. Transaction amount:

Large transactions may enjoy lower handling rates.

3. Store location:

Stores in bustling areas may charge higher fees due to higher operating costs.

4. Competitive environment:

Competition between different stores may lead to differences in handling fees.

Are Hong Kong USDT exchange shops safe?

The safety of going to Hong Kong to exchange USDT offline depends on whether the venue you are looking for meets the standards of the China Securities Regulatory Commission. It is relatively safer to exchange in popular areas, or go directly to a Bitcoin or ATM machine. The following are the suggestions for safe USDT exchange compiled by the editor:

1. Try to choose big-name companies:

Hong Kong exchange companies can be said to be in full bloom, with many numbers. The prices of small companies are very affordable, but it is recommended for novices. Choose a large licensed company. For example, companies such as Yi Zong have internal professionals who can provide guidance. Basically, you need to find the exchange company with the biggest sign in the downtown area.

2. Confirm the exchange license of the other party:

Currently, all exchange companies have licenses issued by the customs, which will be posted at the business outlets. Generally, exchange operators operating in urban areas will post them at the business outlets. If it's not available or can't be provided, don't go in. If an accident occurs, judicial proceedings can be initiated by changing the license plate.

3. Allow more time to confirm the arrival:

Especially for novices, you must stay in Hong Kong for a few more days when making large exchanges, because the funds cannot be credited quickly. In order to ensure absolute safety, you must stay in Hong Kong for a few days Allow time to ensure that the funds are credited before leaving Hong Kong.

4. For face-to-face communication of large-amount business, do not use remote tools to save trouble:

If large-amount business is involved, you must go to Hong Kong to conduct face-to-face transactions in person, because the other party is a stranger, and do not use WeChat or WhatsApp remotely , ZOOM and other operations, even if the other party has given you a business card or has done business many times, you must be careful.

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