The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

With the development of technology, Bitcoin, launched in 2009, has become one of the most influential cryptocurrencies. As a mainstream currency, many people will invest in Bitcoin. However, my country has restrictions on Bitcoin transactions. , especially in mainland China, few institutions or companies will accept Bitcoin as a payment asset. Therefore, if you want to use Bitcoin as cash, investors need to convert Bitcoin into RMB. Based on the current environment, many investors are worried about whether Bitcoin can be exchanged for RMB cash? According to the current situation, it is possible to exchange for RMB cash on formal platforms. The editor of the currency circle below will give you a detailed exchange tutorial.

## Can Bitcoin be exchanged for RMB cash?

Bitcoin can be exchanged for RMB cash. The exchange of Bitcoin for RMB is usually done on exchanges such as , , etc. The following is a tutorial on exchanging Bitcoin for RMB:

1. Open the Ouyi official website (), enter your email address on the homepage, click "Register", slide the slider to the right, complete the puzzle for verification, and then enter the verification code received by email. The verification code is valid for 10 minutes.

2. Then enter your mobile phone number, click "Verify Now", and enter the six-digit verification code received on your mobile phone. The validity time is also 10 minutes.

3. Select your country/region of residence and check the Terms of Service, "Risk and Compliance Disclosure" and Privacy Policy and Statement

4. To create a password, you need to meet the following conditions: 8-32 characters in length, 1 lowercase letter, 1 uppercase letter, 1 number, 1 symbol, such as: !@ # $ %, etc.

5. After logging in to your account, find the "User Center" icon on the homepage and enter the identity authentication page.

6. Different levels of authentication can be carried out according to different needs (note: video authentication needs to be operated on the APP)

7. You need to have USDT before conducting transactions. You can buy coins for transactions in C2C. Select the appropriate merchant according to your needs, click "Buy", then make payment according to the prompts and wait for the merchant to release the currency (if you have not received the currency for a long time, you can contact Customer service will handle it)

8. Click "Transaction" - "Coin" on the homepage to enter the transaction page

9. Enter BTC in the search box, select the BTC/USDT trading pair, and you can see the real-time price of BTC.

10. Enter the amount of BTC to sell and click Sell BTC to exchange it for USDT.

11. Click [Buy Coins]-[C2C Buy Coins] on the homepage

12. Click [Sell] on the [C2C Transaction] page, select [USDT] as the currency, [CNY] as the legal currency, and [Bank Card] as the transaction method. You can use a bank card to conduct transactions. You can also choose other methods and choose the appropriate merchant. Click【Sell USDT】
That’s it

## Is it illegal to exchange Bitcoin for RMB?

It is not illegal to exchange Bitcoin for RMB, but it is not protected by domestic laws. It is generally not illegal to exchange Bitcoin or other cryptocurrencies into RMB or any legal currency. For example, there are Bitcoin ATMs in Hong Kong, which can be used with one click. Exchange of Hong Kong dollars is not available in mainland China, so this method is not protected by law, so you still need to be careful to avoid risks. Such operations can also be performed abroad.

It is not usually illegal, but exchanging Bitcoin for RMB is illegal within China and can be done abroad. Although Bitcoin is not a legal tender, there is still a strict currency management system in our country. According to laws and regulations such as the "Regulations of the People's Republic of China on Foreign Exchange Administration", any institution or individual needs to meet a series of conditions to engage in foreign exchange business, including obtaining corresponding licenses through authorization, filing, etc., and complying with relevant anti-money laundering and anti-terrorist financial regulations. guidelines.

Therefore, when conducting Bitcoin-to-RMB exchange business in China, you must find a legally qualified third-party service platform and complete the identity verification and transaction operation procedures in accordance with its regulations. At the same time, when conducting this activity, you must also pay attention to whether your behavior complies with legal supervision standards to avoid infringing relevant credit risks and criminal liability.

However, it should be noted that aspects such as anti-money laundering and capital flows still need to be handled with caution. Currently, there are no clear regulations in China regarding the supervision of Bitcoin exchange businesses. However, what lies ahead is a wide range of risks and uncertainties. Therefore, you need to be cautious when implementing related businesses and seek help from appropriate professional service agencies.

All the above content is the tutorial answer to the question of whether Bitcoin can be exchanged for RMB cash. Converting Bitcoin to RMB is the most common operation method currently used by investors. Investors should choose a safe and reliable trading platform for exchange. The editor of the currency circle reminds that there are currently many platforms. Investors should pay attention to the legality of the platform when choosing, and confirm its credibility and reliability. In addition, you need to pay attention to the platform's fee collection rules before making the exchange. Different platforms have different rules. In short, you must ensure the safety of your environment when performing any operation.