In this article · 4 sections
Please read this before relying on anything on coinkiki.
Legal risk in mainland China
- The notice issued by the People's Bank of China and seven other agencies on 6 February 2026 (Yinfa [2026] No. 42) treats exchanging fiat money for virtual currencies inside mainland China as illegal financial activity, declares civil acts in such investment and trading void, and leaves the resulting losses with the parties. It also bars offshore entities from providing virtual-currency services to people in mainland China. See Is crypto legal in China?
- Showing prices from offshore exchanges does not mean those exchanges are permitted to serve you where you are.
- If you are outside China, your own country's rules on crypto, payments, tax, customs and sanctions apply as well. Take local advice.
Money risk
- Frozen accounts. If yuan received in a P2P trade turn out to come from fraud, Chinese police can freeze the receiving bank account, often for more than the trade itself. A supplier you pay in USDT is exposed to this when they sell it. See frozen bank cards explained.
- Fraud and no recourse. Fake payment screenshots and three-party scams are common, and a USDT transfer cannot be reversed.
- USDT itself. USDT is issued by Tether, which can freeze addresses. It is not a bank deposit and carries no deposit insurance.
Data risk
- Our prices are reference prices from advertised offers, not executed trades. Ads change, disappear or restrict who may trade; the price you get may differ.
- Prices are read from the ads exchanges show on their public pages, and an exchange redesign or outage can pause them. Each page shows when each exchange last updated, and warns when nothing new has arrived for 20 minutes.
- The USD/CNY reference comes from a third-party data service and can differ from the official central parity.
Our position
coinkiki provides public price data and risk information. It does not provide trading services, account sign-up or investment, legal or tax advice, and is not responsible for decisions made on the basis of this site.