In Digital Currency Trading, the efficiency and cost of the withdrawal process are key points of concern for users. This article will compare the withdrawal features of the Backpack and Hashkey platforms to provide users with a reference for selection.

Although the Backpack platform supports direct withdrawal of USDC, the speed is relatively slow, and the exchange rate for USD to HKD is not very favorable. This may cause some inconvenience for users who need HKD for new stock subscriptions in Hong Kong or for daily expenses.

In comparison, although ordinary users cannot directly deposit stablecoins on the Hashkey platform, the withdrawal speed is fast, with funds arriving within just two minutes. Users can choose to deposit ETH when the price of Ethereum is on the rise, and then convert it into USD or HKD for withdrawal. Although this process requires paying some gas fees and trading commissions, and ETH deposits take about 10 minutes, the overall process is relatively smooth.

It is worth noting that the Hashkey platform offers more convenience for professional investors (PI accounts). Users with proof of assets worth 8 million can directly deposit USDT and exchange it for US dollars or Hong Kong dollars, with exchange rates better than those of banks.

Overall, both platforms have their pros and cons, and users can choose flexibly based on their personal needs. For frequent traders, using both platforms simultaneously may be a better choice to respond flexibly in different situations. When selecting a platform, users should consider multiple factors such as withdrawal speed, exchange rates, and fees to optimize their trading strategy.