Precautions for withdrawal

BiyaPay
Published on 2023-07-12 Updated on 2024-11-04

1. Support withdrawal currency types

Support withdrawal of fiat and digital currencies Fiat currency supports more than ten currencies such as the US dollar and Hong Kong dollar. Digital currency supports more than 200 types such as BTC, ETH, USDT, TRX, EOS, etc. (you need to flash convert fiat currency to digital currency first). One-click sale of USDT supports selling USDT to CNY.

2. Withdrawal fees

2.1 Withdrawal of fiat currency fees

  1. When the withdrawal amount of fiat currency is between 200USD and 2000USD: User withdrawal fee is 20USD.

When the withdrawal amount of fiat currency is greater than 2000 USD: The withdrawal fee for users is 1%. Withdrawals between BIYAPAY wallets are free of handling fees.

2.2 Withdrawal of digital currency fees

Withdrawing digital currency will incur on-chain transaction fees. The on-chain transaction fees for different protocols of digital currency are different. For example, currently using the TRC20 protocol to withdraw USDT, a single on-chain transaction fee of 1 USDT will be charged; using the ERC20 protocol to withdraw USDT, a single on-chain transaction fee of 10 USDT will be charged. You can check the on-chain transaction fees of other digital currencies in the app. The on-chain transaction fees may change due to network congestion.

3. Withdrawal arrival time

3.1 Withdrawal of fiat currency arrival time

One to three working days

3.2 Withdrawal of digital currency arrival time

Different digital currencies have different deposit arrival times, which are affected by various factors such as protocol type, market fluctuations, transaction congestion, transaction fees, platform review time, etc. Below are the arrival times for different USDT protocols.

4. Minimum withdrawal amount?

The minimum withdrawal amount for fiat currency is an equivalent of $200. Due to different currencies and protocols, there may be significant differences in the minimum withdrawal amount for digital currencies. For example, the minimum withdrawal amount for USDT in the TRC20 protocol is 10, and the minimum withdrawal amount for USDT in the ERC20 protocol is 20. Other currencies are not listed one by one, please check them yourself. One-click sale of USDT withdrawal limit, determined by the matching merchant order amount.

5. Withdrawal time

Fiat currency can be withdrawn 24 hours a day. Since banks do not accept transactions on weekends and other statutory holidays, they can only remit money to you on working days. Digital currency can be withdrawn 24 hours a day. One-click sale of USDT takes a few minutes to ten minutes to arrive.

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BIYA GLOBAL LLC
BIYA GLOBAL LLC is a licensed entity registered with the U.S. Securities and Exchange Commission (SEC No.: 802-127417); a certified member of the Financial Industry Regulatory Authority (FINRA) (Central Registration Depository CRD No.: 325027); regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC).
BIYA GLOBAL LLC
BIYA GLOBAL LLC is registered with the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury, as a Money Services Business (MSB), with registration number 31000218637349, and regulated by the Financial Crimes Enforcement Network (FinCEN).
BIYA GLOBAL LIMITED
BIYA GLOBAL LIMITED is a registered Financial Service Provider (FSP) in New Zealand, with registration number FSP1007221, and is also a registered member of the Financial Services Complaints Limited (FSCL), an independent dispute resolution scheme in New Zealand.
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