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Moshiheya
Within 1 year

Is it possible to deposit funds into my ChaoShang account using cryptocurrencies such as Bitcoin or USDT?

Broker Issues
ChaoShang
Deposit
Withdrawal
08-25
United States
WikiFX
Reply

In my experience as a trader, I always pay close attention to a broker's deposit and withdrawal methods because it directly affects my ability to move funds safely and efficiently. When considering ChaoShang, I reviewed their available funding options in detail. What I found is that ChaoShang permits deposits through bank transfers with several major banks, counter services, online banking, cheque deposits, as well as telegraphic transfers and the Faster Payment System (FPS). However, there is no indication that ChaoShang supports cryptocurrencies such as Bitcoin or USDT for deposits. For me, the absence of crypto payment options signals that ChaoShang maintains a more traditional and regulated stance, likely because they are under the supervision of Hong Kong's SFC, which tends to enforce strict operational standards. From a risk management perspective, using classic banking channels can offer an extra layer of traceability and regulatory recourse, which may reassure some traders, though it limits flexibility for those who prefer transacting with digital assets. Based on my knowledge and the available facts, I would not expect to be able to deposit Bitcoin or USDT into a ChaoShang account. If the ability to fund with crypto is a core requirement, I would recommend seeking a broker that explicitly supports this feature and verifying their regulatory status carefully.

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