HK

How to withdraw Fiat Currency From HashKey Exchange

2025-08-03

Withdrawing fiat currency from a cryptocurrency exchange is an essential part of the trading process, especially when you want to convert your digital assets into cash or simply take profits. HashKey Exchange, known for its focus on security and compliance, provides an easy and efficient way for users to withdraw fiat currencies directly to their bank accounts. This guide will walk you through the entire process of withdrawing fiat currency from HashKey Exchange, covering everything from setting up your withdrawal methods to completing the transaction.

HashKey Exchange Customer Bank Account Guidelines:

The following types of bank accounts are not supported:

  1. Accounts from any banks in any sanction lists that are generally banned by banks in Hong Kong.
  2. Accounts from banks in Mainland China.
  3. The account name is different from the customer's registered name on our platform.
  4. Accounts not 100% owned by our clients.
  5. Accounts with restricted incoming and outgoing transfers.
  6. Accounts not for general use.
  7. Bank credit card accounts.

Fiat Withdrawal Guidelines

  1. Whitelisted Accounts Only: Fiat withdrawals are only permitted to whitelisted bank accounts. These accounts must be the same ones used by clients when completing their initial online deposit of 10,000 HKD or its equivalent.
  2. Supported Currencies: HashKey Exchange currently supports withdrawals in HKD and USD only.
  3. Processing Times: Withdrawal requests can be made 24/7; however, the actual time for funds to arrive depends on the processing times of both our bank and the receiving bank:   a. HKD withdrawals to banks in Hong Kong for amounts under 1 million HKD may be processed within 24 hours.   b. HKD withdrawals to Hong Kong banks, for amounts of 1 million HKD or more, are typically processed during Hong Kong bank business hours.   c. USD withdrawals to Hong Kong banks, regardless of the amount, usually take 1 to 3 hours during Hong Kong bank business hours.

d. USD withdrawals to overseas banks (outside Hong Kong) typically take 1 to 2 business days to process.

Note: Hong Kong bank business hours are from 9:00 AM to 5:00 PM (HK Time), Monday to Friday, excluding public holidays.

Client Reminders:

We encourage clients to confirm the following with their banks:

  1. The bank account is a general-purpose account.
  2. The account allows unrestricted inbound and outbound transfers.
  3. There are no special limitations or restrictions on the account.

Please be aware that while some Hong Kong banks permit direct transfers from savings accounts (e.g., fixed deposit accounts) to other accounts, those savings accounts may not support incoming transfers from external accounts. Clients are advised to check for any such restrictions to avoid failed withdrawal attempts.In the event that your account is subject to such a restriction, you will need to whitelist a new bank account that supports incoming transfers to successfully complete your withdrawal. By choosing a regulated and secure crypto platform like HashKey Exchange, users can enjoy peace of mind knowing that their funds are protected throughout the transaction process.

 

Disclaimer:

This material is for general information purposes only. It does not constitute, nor should be interpreted as, any form of solicitation, offer or recommendation of any product or service. It does not constitute investment, tax or legal advice. In no event should any news release be considered as recommendation of a particular type of digital asset.

This material may include market data prepared by HashKey Exchange or data from third party sources. While HashKey Exchange makes reasonable efforts to ensure the reliability of such third-party information, such information may have not been verified. Graphics are for reference only. We make no representation or warranty, express or implied, to the timeliness, accuracy or completeness of the information in this material. Information may become outdated, including as a result of new plans, regulations or changes in the market. In making investment decisions, investors should not solely rely on the information contained in this material. The risk of loss in trading digital assets can be substantial and is not suitable for all investors.

Any forward-looking statements in this material is subject to several conditions, uncertainties and assumptions. We undertake no obligation to update or revise any forward-looking statements.

The English version shall prevail if there is any inconsistency between the English and Chinese versions.