**《2025 In Hong Kong, how to withdraw safely?》
—— Tiger's concise blockbuster version
Hong Kong has obtained the world's first stablecoin license, and starting from August, only government-approved stablecoins are allowed for trading.
For beginners: the importance of compliance is at an all-time high!
① Do your homework, if you don’t check, be prepared to get scammed
Before exchanging U, you must first check:
📌 Xiaohongshu / ws / TG
📌 Exchange shop rates + whether they have run away before
The more chain stores, the safer.
Tsim Sha Tsui's "Chang Teng Exchange" and "Daniu Coin" both closed down and ran away after accepting coins, losing over ten million. —— Newbies are the most susceptible.
② Don't deal with strangers for exchanges! Otherwise, you might become an "accessory to money laundering"
Scammers often use the "part-time runner" trick:
The other party transfers you RMB → You exchange for HKD → Buy USDT → Transfer it to them.
Once funds are involved in fraud:
❌ Account frozen
❌ Held accountable for participating in money laundering
❌ When returning to the country, you will be closely scrutinized
In short: refuse all payments or exchanges for strangers.
③ Visiting stores is the safest option
After arriving in Hong Kong, directly Google / Amap search "Hong Kong OTC".
Prioritize:
✔ Commercial areas with many people
✔ Transparent exchange rates
✔ Clean and formal shops
Don't go to remote small stores, as the risk of running away is high.
④ Complete process for exchanging U in Kwun Tong (newbies can just follow)
Go to the store → State your needs →
Scan the staff's wallet QR code →
Staff confirms → They give you HKD on the spot.
Directly deposit the cash into the HSBC bank across the street, the entire process takes less than 5 minutes.
⑤ Three iron rules for beginners
1. Safety > Speed
Being in a hurry is the easiest way to crash.
2. Compliance > Low Cost
Cheap is often the most expensive.
3. No receiving, no paying, no helping strangers exchange coins
Protecting yourself is the most important.
