2026-01-18 11:32:13

I recently went through the entire process of withdrawing fiat currency from a major exchange to my bank account and shared the data for everyone's reference.

The actual operation was as follows: I withdrew 2998 USDT, and the final amount received in my bank account was $2959. The total loss was about 1.3%. Breaking it down, the main issues were fees and exchange rates.

**How to do it**

First, you need to enable the sell-to-fiat feature on a major exchange. Open the app, find the "More" options, search for the relevant feature, and follow the prompts to agree to the terms and complete a questionnaire. This step is very quick.

Then, on the feature page, convert USDT to USD. The good news is that this exchange has zero fees—it simply uses the current exchange rate. Enter the amount, confirm the rate, submit, and it’s done in 5 minutes.

The final step is transferring USD to your bank card. I chose ZhongAn Bank—mainly because its risk control is relatively friendly, and new users are less likely to be blocked compared to some traditional banks. The process involves copying the account information (account name, account number, SWIFT code, etc.) in the ZhongAn app, pasting it into the exchange’s transfer page, submitting, and waiting. If you do this on a normal business day, the funds are usually credited the next day.

**A few points to note**

The transaction fee starts at $25, which is not very low. If the transfer amount is less than $1000, this fee accounts for a significant proportion.

The single transfer limit is $6600. If you exceed this amount, you will need to provide additional KYC verification materials, which makes the process more complicated.

Make sure your bank account can receive international USD transfers. Some bank accounts do not have this permission enabled by default. If you transfer without it, the money will be returned, and you’ll have to go through the process again.

Ensure that all transfer information—name, account number, etc.—is accurate and matches your bank records exactly, or the transfer may be blocked.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
5
Repost
Share

Comment

0/400

ZenChainWalker

· 3h ago

Starting fee of $25 is a bit steep; small withdrawals still result in a loss.

View OriginalReply0

LiquidatorFlash

· 3h ago

A 1.3% loss is acceptable, but the real issue is the fixed fee threshold of $25, which is really a trap. Small withdrawals directly eat into the profits. If you fill in the information incorrectly once, you'll have to wait for a refund and start over. The risk control logic here is quite strict, so be careful. The single transaction limit of 6600 is a bit restrictive. Large withdrawals require multiple transactions, which is inconvenient. ZhongAn Bank is a good choice, at least it's easier to communicate with than traditional banks. I've seen quite a few people get instantly rejected by old-established banks. How much of the 1.3% is due to exchange rate loss? That data is even more critical.

View OriginalReply0

SerumDegen

· 3h ago

yo so that 1.3% bleed is basically the tax on getting out alive, ngl... feels about right for navigating the ramp tbh

Reply0

GasFeeCrier

· 4h ago

$25 buy-in fee, small stakes players are just done for.

View OriginalReply0

PumpStrategist

· 4h ago

1.3% loss... actually just the 25 yuan fee and the exchange rate difference eaten up. This number looks quite reasonable, but it depends on the situation. For small withdrawals, the proportion skyrockets, which is the real "cutting leeks" design, and the pattern is now established. The choice of ZhongAn Bank is interesting. Risk control friendliness is indeed key. The old-fashioned KYC process can really drive people to give up. The 6600 single transaction limit is a bit extreme. Exceeding the limit requires additional documentation, clearly screening for greed in human nature. Filling in account information accurately seems simple, but in reality, the real time-consuming part is the refund process. The chip distribution shows that this process is quite standardized, but don't be fooled by the 1.3% number. Calculate the actual fee rate yourself to understand. Starting fee of $25, the typical leek mentality is to ignore this cost and go all-in on small withdrawals. It's quite interesting. The exchange has thought this through, setting the withdrawal threshold clearly, letting you decide whether to accept the cut.

View OriginalReply0