Since the beginning of 2017 bitcoin traders have been focused on the ongoing developments between Chinas central bank and bitcoin exchanges residing within the country.
Over the past two months, withdrawals have been suspended across nearly every major Chinese bitcoin trading platform with no word on when suspensions will be lifted.
For now, over-the-counter markets and Localbitcoins trades are the only options for big cryptocurrency traders in China, while the entire world wonders when Chinese exchanges
will resume withdrawals.
When do you think chinese exchanges will resume withdrawals?
It should be soon.
After all it can't take that long if you have the correct paperwork done, because the government is involved in this one I don't think you need to worry about BTCChina pulling a runner here. They are all very legitimate companies anyway as they have operated for a long time in the bitcoin sphere.
The main issue is that proving that your funds are obtained legally.
I know a lot of Chinese bitcoin whales that obviously have touched the grey areas with bitcoin, like investing in these MMM schemes with their bitcoin, opened their own altcoin ICO just for the money, etc. etc.
If you just wanna get bitcoin in China, doing so via Localbitcoins using Wechat Pay or Alipay is the quickest and easiest way to do it.