Step 1 of Moving to Hong Kong: Go to the entire compliant exchange account at the pier first I've been working on this recently. I had in-depth discussions with teachers in Hong Kong about the local cryptocurrency ecosystem, especially about what services are essential for working and living here. A group of people went to Hong Kong banks to open accounts and trade Hong Kong stocks, but there is actually a more important thing, which is to establish a Hong Kong compliant exchange account. There are too many benefits here, listen to me slowly tell you. Let's dive in! ⬇️ Without investigation, it is unknown that there are already 12 licensed and compliant virtual asset trading platforms in Hong Kong, but the only ones truly worth choosing are OSL and Hashkey. H has been following since the issuance of cards, and the process has not been smooth. The platform token has fallen to its lowest point in history, to use Jie Ge's words: terrible. OSL has always been used by large institutions and professional investors, but after researching it, I found that it is surprisingly friendly to retail investors. I think I have done some homework. I have listed my own needs. If I use a virtual asset trading platform in Hong Kong, compliance, deposit and withdrawal, trading system, and security are all indispensable. Let me start from this. compliance The first listed licensed digital currency exchange in Hong Kong is @ OSL_HK, stock code http://0863.HK Stocks have also been included in the Hang Seng Index. Due to its listing, it is necessary to undergo more rigorous audits and compliance, with KPMG/CNBC dual certification. OSL holds SFC License No. 1 and No. 7, with complete compliance. It is a criminal offense to operate an exchange in Hong Kong without a license. Many exchanges that cannot be regulated in Hong Kong have withdrawn, so those that have grown up locally have become the first choice. Since it has been said that trading in Hong Kong is required, compliance must be included as one of your operational options. There is no such thing as compliance, and you will understand why in the future. Deposit and withdrawal funds The first time I found out about OSL was large OTC. At that time, it seemed to only serve corporate clients, but now retail investors can also do it. Continuing from what was mentioned earlier, living in Hong Kong requires a complete fiat currency entry and exit chain, which can combine the cryptocurrency industry with compliance and legality in daily life. Speaking in person, you will no longer be afraid of card freezing. Compared with several compliant deposit and withdrawal rules, OSL is almost a crushing leader. OSL offers free withdrawal and deposit fees, and supports lightning exchange for small amounts of currencies such as Hong Kong dollars, US dollars, British pounds, and euros. For large amounts, prices can be negotiated to gain more benefits. The large OTC rate is one aspect, but more importantly, safety, and OSL is still very trustworthy in this regard. OSL has the best depth of large-scale trading platform in Hong Kong, relying on compliance and strong liquidity, and can execute up to 200 million US dollars of transactions in a single day, which is unparalleled in Hong Kong. Withdrawals are made directly to the port card, and a complete compliance process ensures account security. Oh, OSL also offers withdrawal discounts for most Hashkeys, but a higher VIP level is required, which requires you to exchange with your trading volume. trading system All exchanges are basically the same, that is, trading unlocks VIP levels, which in turn incentivize trading, commonly through methods such as reducing transaction fees and increasing commissions. The OSL trading maker fee is 0 taker fee 0.05%， Note that there is no threshold for this, which means that registration is sufficient to achieve this rate. On a year-on-year basis, Hashkey maker fee requires VIP7 to achieve zero rate. You can further reduce the rate to 0.02%, and the secret is to become a VIP of OSL. As long as the assets of OSL VIP1 reach $10k, it should be maintained for one month (I will confirm again). With this requirement, you can also receive a HKD 188 annuity reward... According to the asset strength of the teachers, VIP4 only needs $1m to unlock. In the future, all token 2049 tickets will be reimbursed, and you will receive a HKD 4888 bonus package for one year. Due to compliance restrictions, the Hong Kong Stock Exchange generally has a limited number of currencies that can be traded. After OSL KYC, users can trade BTC/ETH/SOL/LINK trading pairs. In other words, trading fewer counterfeit currencies is really beneficial for asset health. Given the widespread popularity of A8 and A9 in the cryptocurrency industry, it is indeed worth considering PI - professional investors. According to Hong Kong law, it is sufficient for asset portfolio verification to exceed HKD 8 million, which is equivalent to just over HKD 1 million. Isn't it difficult? Professional investors can unlock more trading pairs, increase single transaction limits, and offer more flexible and favorable OTC services. Oh, of course, 1v1 exclusive licensed RM follow-up is standard. safety Many people actually don't know that over 75% of the assets managed by Hong Kong's crypto ETFs are managed by OSL, which means that all major institutional clients in Hong Kong choose to cooperate with OSL. This is definitely inseparable from compliance and the Big Four audits. Returning to the exchange itself, OSL has a $1 billion insurance coverage underwritten by Lloyd's, which is the highest coverage for licensed exchanges worldwide. Compliance has brought a lot of inconvenience, but from a different perspective, it can also better protect security. 98% cold storage is difficult to come up with... With technical support, and in case of any unexpected situations, insurance compensation can be used, which is enough. // People who are used to DEX or traditional universities still find it difficult to understand why they need to use the Hong Kong Compliance Exchange. I also consulted many teachers to understand. Simply put, you cannot escape from real life. A compliant exchange can easily help you bridge the gap between blockchain and traditional finance. Trust me, you will need it in many ways. Not only Hong Kong, OSL also includes Japan, Indonesia, Australia, Bermuda, Europe, as well as some Latin American and African countries. In Hong Kong, using OSL HK is sufficient. It is necessary to start one earlier. Just look at the current securities firms and banks, and you will understand that it will only become increasingly difficult. Get ashore as soon as possible: https://trade-hk. (osl.com)/invite/activities? invitecode=EGJKz Wish us good luck! / Author: Anymose | A Soft Core Science Popularization Writer This article is for educational purposes only and does not constitute any investment advice. Always remember DYOR!