This should be the simplest and bloodiest choice. Before the exchange closes, sell bitcoin at the current market price, exchange it for RMB, and withdraw RMB. However, there should be many small partners who bought bitcoin at a high price in the near future. At present, there is no stop loss, and a large number of selling will lead to a decline in the price of the currency, or even a more serious loss.

Option 2: Over-the-counter Trading (OTC)

Also known as underground trading, the so-called "one hand to give money, one hand to give money." That is, buyers and sellers freely negotiate prices and terms on the OTC platform and trade on their own. The external trading platform mainly provides two services: one is the information matching between the two parties to the transaction, and the other is to provide bitcoin security. Compared with the spot trading on the bitcoin trading platform, the over-the-counter trading fee is higher, the transaction is more flexible, and it can even be bought and sold anonymously, but beware of scammers.

Option 3: Contract transactions and currency-to-currency transactions.

Traditional investment in digital assets, to put it bluntly, is the conversion between digital assets and RMB (CNY), while BTC is similar to the position of RMB in OKEx currency-to-currency transactions. Currency-to-currency trading refers to buying and selling bitcoin as the base currency in other digital currency, buying low and selling high to get more bitcoin. On OKEX, you can buy four kinds of digital currency such as ETH/ETC/LTC/BCC with BTC, or you can sell BTC for any of the four kinds of digital currency. Only if you have money. Personally, I suggest that you transfer your money directly to OKEX or put it in your wallet. Once the legal tender business is closed, you can directly transfer the money to OKEX for trading.

Option 4: Overseas communication

If bitcoin spot trading is not allowed in China, then go directly to overseas exchanges for trading. Common foreign exchanges, such as bittrex website, are easy to register and offer transactions between US dollars and Bitcoin, but there is no Chinese version, and you must open a US dollar account to withdraw cash.

Option 5: Go to the centralized exchange.

Decentralizing the exchange means installing a software on your computer, and others also install the software. Then you and the other party form a P2P network, and everyone can use this software to buy and sell Bitcoin through this network. Both parties to the transaction can be complete strangers, and both parties must abide by the same agreement. The platform does not guarantee the security of the transaction. Generally speaking, for the sake of transaction security, both parties can apply for third-party arbitration.

Foreign exchange transaction is the exchange of one country's currency with another. Different from other financial markets, the foreign exchange market has no specific location and no central exchange, but transactions between banks, enterprises and individuals through electronic networks. "Foreign exchange trading" means buying one of a pair of currencies at the same time and selling the other. Foreign exchange is traded in the form of currency pairs, such as Euro/USD or USD/JPY.

Trading means

1. Spot foreign exchange transaction: Also known as spot foreign exchange transaction, it refers to the foreign exchange transaction mode in which both parties agree to handle the delivery within two business days after the transaction.

2. Forward transactions: also known as forward foreign exchange transactions, foreign exchange transactions are not delivered after the transaction, but are delivered at the time agreed in the contract.

3. Arbitrage: Arbitrage refers to a foreign exchange transaction that uses different foreign exchange markets, different currencies, different delivery times and differences in exchange rates and interest rates of some currencies to buy from the low-priced party and sell from the high-priced party to earn profits.

4. Arbitrage trading: a trading method that uses the interest rate difference between the two countries' money markets to transfer funds from one market to another to earn profits.

5. Swap transaction: refers to a transaction that combines two or more foreign exchange transactions with the same currency but opposite trading directions and different delivery dates.

6. Foreign exchange futures: The so-called foreign exchange futures refer to futures contracts with exchange rate as the subject matter to avoid exchange rate risks. It is the earliest financial futures product.

7. Trading of foreign exchange options: foreign exchange options are traded in foreign exchange, that is, the option buyer obtains a right after paying the corresponding option fee to the option seller, that is, after paying a certain amount of option fee, the option buyer has the right to buy and sell the agreed currency at the exchange rate and amount agreed by both parties in advance on the agreed expiration date, and the buyer with the right also has the right not to execute the above-mentioned sales contract.

8. In the future, there will be a foreign exchange trading platform jointly established by banks and Internet investment companies to reduce unnecessary costs for personal investment.