Recently, I must have seen many bloggers sharing how to directly transfer USD to a card through Binance The homogenization of content in the cryptocurrency industry is too severe now, and there are too few independent ideas This feature has always been available to overseas residents. In the past two years, Binance also targeted mainland users for a period of time, and at that time, it even thoughtfully noted "salary" for everyone Before conducting overseas tax investigations in mainland China, taking this route is indeed effective in avoiding electronic fraud funds and becoming the ultimate victim of electronic fraud. Mainland residents can usually cooperate with overseas entities such as sea monsters, FTX, Coinbase, etc. The logic is very simple, with direct channel funds and no problem with dirty money. However, overseas cards are all real name, and overseas income has become a new source of taxation, which is definitely the long-term direction for the future. You need to consider whether there are legal and tax risks associated with currency exchange The most basic thing is that your overseas income entering your real name overseas bank card needs to be declared Banks in Hong Kong and Singapore will transfer taxes back to the mainland It may involve additional taxes, fines, and a daily late fee of 50000 yuan. What is the concept of 50000 yuan? 18.25%. As is well known, the reason why Buffett is Buffett is because he earns 20% annually.