Last updated on: October 13, 2024
I spent a lot of time in the past few days and bought a little red card from Hong Kong (). This article will share the process of opening the card and the experience of using it.
【renew】
According to feedback from netizens, some people's (KYC) Xiaohong Card accounts require face verification (living body detection) when opening the card, but it is not 100% guaranteed. There may only be a certain probability that verification is required. Cards that have already been issued are not affected by this. Therefore, if you want to open a card on behalf of your real name, please hurry up and use mico live recharge . Subsequent risk control measures may be more stringent.
【renew】
The early batches were all real-name information for Bangladesh, and there was no restriction on the country to which the mobile phone was bound. However, now it is required that the real-name information and the country to which the mobile phone number is bound must be consistent. You can use the SMS code receiving platform to process it and select the corresponding country. That’s it.
【renew】
Risk warning: According to feedback from real-name brokers, the real-name and unopened accounts they hoard have been officially blocked. However, real-name users who have opened a card before can still use the card normally. It is not yet known whether there will be other upgraded risk control measures in the future. As the same saying goes, recharge as you use, use it and cherish it.
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1. Analysis of advantages and disadvantages
If you have used virtual cards such as Dupay to pay/pay before, then you should be familiar with the concept of virtual cards. Chinese people are also accustomed to calling this type of card "U card", which means that most of these cards can accept USDT to be recharged for consumption.
Well, I already have a Dupay card, why do I need another little red card?
What I have noticed is that Xiaohongka has at least the following advantages that attract me.
Let me first present an official explanation of rates and restrictions (source), which is very intuitive:
1. Low card opening fee
The official often has 50% off card opening activities. The normal price is 10U to open a virtual card. During the activity, you can get 5U. Add in the $5 gifted in the account (the gifted balance can only be spent and not used to open a card), you can understand that it is almost zero yuan to open a card.
2. Recharge is easy to use
For traditional U-cards, you need to recharge USDT first, then manually convert it into US dollars, and finally deposit the US dollars into the prepaid card (that is, a stored-value operation). The Xiaohong Card eliminates the need for manual conversion steps. You only need to recharge U to spend directly. It can be understood as an automatic credit granting model. Other U cards charge a recharge fee of one to two points, so Xiaohong Card has already saved a lot in this link.
In addition, if you have a Binance account, recharging is even simpler. You don’t need to do so complicated on-chain address transfers (which are easy for novices to make mistakes). You just need to find the Xiaohong Card exclusive applet in the Binance App. App, you can quickly recharge (1% handling fee), get a redemption code, and then redeem it in the Xiaohongka App to complete the recharge.
3. Low card holding costs
There are no monthly or annual fees.
4. Low consumption cost
This card only has two types of cards: US dollars and Hong Kong dollars. If you consume domestically (such as binding Alipay for online consumption), it is a typical non-local currency transaction (you will naturally use RMB for consumption domestically). For local currency consumption, for example, if you apply for a US dollar card, go to a foreign VPS merchant to buy a server or something, and pay in US dollars, the rate is only 1%, which is very low.
5. With a physical card, you can withdraw cash from Mainland ATMs
To be precise, all ATMs around the world that support Visa can withdraw cash into local legal tender.
Seeing this, players in the currency circle must be very happy. This is a typical withdrawal channel. When withdrawing cash in the Mainland, you can directly convert it into RMB. How great. When you withdraw cash from an ATM in Hong Kong, you can get Hong Kong dollars directly.
Physical cards require an additional card opening fee (original price 100U, discounts available during the event). Although I don’t use it at the moment and haven’t applied for a physical card, but in case I need to withdraw money, haha.
When withdrawing RMB cash from mainland ATMs, the comprehensive cost rate should be 4.2%, which is not low. However, considering that this is a compliant way to withdraw money from virtual currencies, and most people will not transfer large amounts to cash, it can still be considered for emergency use. .
The above are all advantages, what about the disadvantages? This card cannot be used to pay for services that have strict requirements for the place of issue. For example, because the default services are not provided in Hong Kong, you will obviously not be able to recharge with this Visa card issued in Hong Kong.
2. How to open a card
After talking about the advantages and disadvantages of Xiaohong Card, let’s introduce how to apply and open the card.
To non-mainland Chinese users & non-users from other prohibited areas: You can apply for this card directly online without being as complicated as described below. Apply for Xiaohong Card through this link, and you can directly get the account balance of 5 USDT. After recharging another 5 USDT yourself, go to the App to grab the 50% discount card opening qualification, which is equivalent to 0 yuan to open the card.
To users in mainland China, you can purchase your real-name account directly online via: (Only supports USDT purchase)
The official default is not to provide services to users in mainland China, nor does it support KYC for mainland resident ID cards. If there is a threshold, people will naturally find ways to get around it. Therefore, there are middlemen who provide real-name services to bypass this restriction. As for what you said, does the "borrowed" real-name information pose a security risk? This is how I see it, just use this card as a tool that you can use to recharge at any time. Don’t just recharge it with a large amount. Then you don’t have to worry about the safety of your funds, right? At least I haven't heard of any rollover cases so far.
When this article was first published (end of February 2024), it was quite troublesome to buy a real-name account, but now many merchants have provided online purchasing channels, which is much more convenient.
In order to make good use of this little red card, there are some precautions you can refer to:
1. You must first prepare a certain amount of USDT
What, you haven’t come into contact with virtual currency yet? You can register an exchange account and buy some U first (it is recommended to buy 20U first).
Generally speaking, newly registered users of these exchanges who purchase USDT or other virtual currencies for the first time may have to wait 24 hours before they can withdraw their coins (external transfer).
2. (Optional) Prepare an overseas mobile phone card
Note: Generally speaking, if you buy a ready-made real-name account, the merchant has actually bound a mobile phone number for you (most likely it is also the number obtained by the code receiving platform); if it is not necessary, do not modify the bound mobile phone number. If you are still worried about the problem of binding a mobile phone number and want to change it to another mobile phone number, the country where Xiaohong Card requires real-name information and the country of the number bound to the card must be consistent. You can use a code receiving platform (such as SMS) to handle it. Or find a way to buy a SIM card corresponding to the country.
Some people may ask, the numbers on the code receiving platform are all random, what should I do if I want to modify them later? Don’t worry, you only need to bind your real email address to Xiaohong Card first and enable Google two-step verification. Your email address will still be verified when you change your mobile phone number.
When the first batch of cards were bound, you could simply buy a Hong Kong mobile phone card for fixed binding, and the cost was relatively low (for example). At that time, there were no restrictions on countries and regions, but now you have to buy a physical mobile phone card from Bangladesh or other regions. It's more troublesome. Therefore, if you purchased a real-name KYC account, do not modify the bound mobile phone number unless necessary.
3. Grab the 50% off card opening quota in the app and reserve it for later use
Note: You can grab a spot first, but you don’t need to apply for a card immediately. You must bind your mobile phone number and recharge enough balance (if you can open a card at a 50% discount, you only need to recharge an additional 5U) before you can open the card, so don't worry, grab a spot first.
4. It is recommended to open a US dollar card
After getting the account password and logging into the App, please prioritize the following matters:
Next, use the magic Internet tool for non-Hong Kong IP to open the global proxy, then open the Xiaohongka App to open the card, and fill in a non-Hong Kong billing address (the authenticity of the address will not be strictly verified, but it is also recommended not to fill in the domestic address. Please refer to the following official service restricted area description) to issue a US dollar card with the card number as default.
Reference: Xiaohongka’s official explanation of unsupported registration areas/unsupported billing addresses
Registration country list is not supported:
Afghanistan, Belarus, Bosnia and Herzegovina, Burkina Faso, Myanmar, Burundi, Cameroon, Canada, Central African Republic, China, Congo, Croatia, Cuba, Democratic Republic of the Congo, Eritrea, Ethiopia, Guinea-Bissau, Haiti, Iran, Iraq, Jamaica, Kosovo, Lebanon, Liberia, Libya, Macedonia, Mali, Montenegro, Mozambique, Nicaragua, North Korea, Palau, Russia, Rwanda, Senegal, Serbia, Sierra Leone, Slovenia, Somalia, South Sudan, Sudan, Syria, Tanzania, Uganda, Ukraine, United States, Venezuela, Yemen, Zimbabwe.
The following countries/regions are not supported as billing and mailing addresses:
Japan, Singapore, Australia, Bulgaria, Cambodia, Kenya, Albania, Armenia, Jordan, Namibia.
3. Consumption experience
After I opened the card, I immediately went to Alipay to bind the Visa card, and it went smoothly.
Earlier, the domestic version of WeChat briefly allowed binding foreign cards, but now it is no longer allowed, so it can only be used through Alipay for the time being.
Order Meituan takeout on weekdays, choose Alipay to pay, use this little red card, it will prompt to detect the security environment for a few seconds, such as bigo live diamond , and the direct deduction will be successful, as shown below:
This was consumed in RMB, and I applied for a US dollar card. The actual payment for the Meituan order is RMB 27.9, and the deduction from the Xiaohong Card is US$3.9693. This first payment uses the gifted USD balance (that is, the bonus account, the viewing path is Wallet > USDS on the App homepage), so the USDT balance is not directly deducted. That day, I used the mobile calculator’s built-in exchange rate query tool and found that the U.S. dollar to RMB was 1:7.1993. That is, the actual RMB value deducted from the Xiaohong Card was 28.5762. The comprehensive rate for this transaction was (28.5762-27.9)/27.9 *100% = 2.42%.
Note: During the event, the 5 USD (not 5 USDT) given as a gift for registering an account is only valid for 1 month (calculated from the time the intermediary actually registered the account, not the day you got the account), so you must spend it as soon as possible. So I ordered Meituan takeout twice and used it.
4. Summary
The Xiaohong Card can be used as a small-amount virtual currency withdrawal card with lower holding costs and can be recharged as needed.
Weird usage tips: During the card opening process, you don’t need to fill in the pinyin of your real name (why do I know? Because my hands slipped and I made typos when opening the card), and the card will still be a valid Visa card. . Are you smart and have some divergent associations? That’s right, you can purchase a Xiaohong card account that represents real-name KYC, and then open the card without using your real name. Congratulations, you got an anonymous Visa card. As for what the anonymous Visa card can be used for, please feel free to experience it. good.
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