Post
Topic
Board Bitcoin Discussion
Re: USDT to Bypass FX Control in China
by
stoneIsland
on 10/07/2020, 15:45:38 UTC
You're over-complicating things with the "defi" route.

Simply buy the BTC, and when you have access to the BTC, simply withdraw the coins immediately to the US exchange. If you're going to send from an exchange, chances are, the withdrawal fees are going to be slightly on the higher side by default as to not take you too long to receive the coins.

How long would above step take? What if btc drop significantly like 10% during this process? It doesn't seem impossible for this scenario to happen.