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Learn how to apply for an overseas account after Bitcoin is bann

Date:2024-07-12 18:57:09 Channel:Exchange Read:

In today's digital age, cryptocurrencies such as Bitcoin have become the focus of global attention. However, with the Chinese government's ban on Bitcoin, many investors have begun to explore ways to apply for overseas accounts to avoid risks and seek a broader investment space. This article will delve into the strategies and practical guidelines for how to apply for overseas accounts after Bitcoin China is banned, and take readers to the inside story of this highly-watched topic.

First, let's review the development of Bitcoin in China. Since the birth of Bitcoin, China has been one of the world's largest Bitcoin trading markets. However, in recent years, the Chinese government has taken increasingly stringent regulatory measures on cryptocurrencies, which ultimately led to the ban on Bitcoin trading. This move has left many investors confused and anxious, and they have begun to look for other ways to continue to participate in Bitcoin and other cryptocurrencies.

Regarding the question of how to apply for overseas accounts after Bitcoin China is banned, the most critical point is to choose the right overseas financial institution. When choosing an overseas bank, investors should pay attention to its reputation and stability. For example, Credit Suisse and Singapore's United Overseas Bank are highly trusted choices. These banks not only have a good financial system and regulatory environment, but also provide investors with a variety of financial services, including opening Bitcoin accounts.

Secondly, applying for an overseas account also requires a series of necessary documents and information. Typically, investors need to provide documents such as proof of identity, proof of address, tax information, and fill out relevant application forms. When submitting an application, investors should ensure that the information provided is true and valid to avoid unnecessary problems and risks in the future.

In addition to choosing the right financial institution and preparing the necessary documents, investors also need to pay attention to the opening and maintenance costs of overseas accounts. Different banks and financial institutions may charge different fees, including account opening fees, annual fees, transaction fees, etc. Therefore, when applying for an overseas account, investors should carefully understand the various fees and make reasonable choices based on their own needs and budget.

In addition, applying for an overseas account also requires attention to the remittance and transaction security of funds. Investors should choose a safe and reliable remittance method to avoid the risk of fund loss or theft. At the same time, when conducting transactions, investors should also pay attention to protecting personal information and account security to avoid the risk of online fraud and information leakage.

In general, how to apply for an overseas account after Bitcoin China is banned is not a simple process that can be achieved overnight, but requires investors to comprehensively consider various factors and carefully choose the right financial institution and method. Through the detailed analysis and practical guide in this article, I believe that readers have a deeper understanding of this topic, and I hope it can provide some help and inspiration for investors in the process of applying for overseas accounts. Let us explore the broader world of digital currency investment and start a new journey of financial exploration!

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
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.


Bitcoin is a cryptocurrency, a form of electronic money, and a decentralized digital currency that does not rely on banks and can be sent from one user to another on the peer-to-peer Bitcoin blockchain network without intermediaries. Bitcoin pioneers hope to hold sellers accountable, eliminate middlemen, cancel interest charges, and make transactions transparent to combat corruption, create organic network value, and reduce fees. However, due to Chinese policies, many investors cannot apply for overseas accounts in China, so everyone wants to know how to apply for overseas accounts after Bitcoin is banned in China? Let the editor of the currency circle introduce it to everyone.

 How to apply for an overseas account after Bitcoin is banned in China

We take this as an example to introduce it to everyone. Because Binance does not have a Chinese region, many investors do not know how to trade Bitcoin on Binance. In fact, Binance can also be registered after it is banned in China, because Binance currently does not support mainland mobile phone number registration, but everyone can use email to register.

1. Enter the Binance official website, and investors without an account can trade with an account. According to the picture, select [Register with mobile phone or email], and then select [Country/Region of Residence].

2. Click [Confirm] to jump to the registration page, select [Email] (QQ, NetEase 163, Sohu mailbox are recommended), and enter the email and password as required. Read the "Binance Terms of Service" carefully and check and click [Register].

For account security, please ensure that the account password is at least 8 characters. It must contain uppercase letters and 1 digit.

3. Swipe right to complete the puzzle and perform security verification.

4. The system will then send a verification code to your mailbox. The verification code is valid for 30 minutes. Please log in to your mailbox to view the verification code and fill it in in time.

5. After entering the verification code, you will enter the following interface to indicate that the registration has been successful.

6. For account security, it is recommended to enable two-step verification (Google two-step verification or SMS two-step verification).

 What are the requirements for opening a digital currency account?

1. To register an account, you need to log in to the relevant website and then click Register. To register an account, you need to fill in personal information. Fill in your personal information one by one as required and submit the registration information. Usually the review time will be very fast.

2. Due to the need for anti-money laundering and KYC, identity authentication is required to register a digital currency exchange account. At present, most identity authentication requires submission of identity proof and address proof, and upload of a photo holding the identity proof.

It should be noted that there are many on the market, and everyone needs to choose a formal digital currency exchange, which can be judged by the assets, currencies, transaction volume, etc. of the exchange.

Security is the basis of an exchange. The most important thing for trading is to attract investors to invest by relying on the security performance of the exchange itself. If the security of the exchange is not done well, it will easily cause investors to lose money. You should know that the world's largest exchange "Binance" has also suffered from hacker attacks and caused huge losses, so the security of an exchange is very important.

I hope that all investors can understand clearly from the above how to apply for an overseas account after Bitcoin is banned in China. Bitcoin is an open source and non-proprietary cryptocurrency that anyone can read, investigate and learn more about, and miners can mine new bitcoins and verify transactions. In contrast, fiat currency is printed and regulated by governments and central banks. Although fiat currency is more stable and more regulated than Bitcoin, Bitcoin is also supported by legal entities. Bitcoin has a limited supply, while governments can print an unlimited amount of fiat currency. Due to its limited supply, Bitcoin is more valuable than fiat currency, similar to precious metals such as gold and silver.


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