If you speculated on $TST and made 20 million, now you want to sell it on the exchange to exchange for RMB.
You searched through countless U merchant ads and ultimately chose a U merchant that looked decent for the transaction.
The U merchant transferred the funds to your account via Alipay, WeChat, or bank card. You confirm the transaction is completed, and 1 million USDT has reached the U merchant's account.
In this process, the exchange acts as a guarantor, temporarily locking your USDT. Once the merchant completes the payment and you confirm the information, the exchange will release the coins. There should be no issues throughout the process; the only problem that may arise is...
The merchant told you that 1 million has dark assets!
This is an inevitable link in your withdrawal process; how can you confirm that the merchant's funds are not problematic?
How many days of settlement? Commitment to compensate for frozen cards? The reputation of a long-established coin dealer?
Which one... can you tell me is useful? It's useless, countless frozen card cases tell everyone that this frozen card is a low-spec 'black swan' event. When the funds will explode is entirely dependent on when the victim reports the case. I have a friend whose frozen card case lasted the longest, frozen after two years!
Make it clear, it was frozen two years later! He was stunned, preparing to find the transaction order to appeal, but the exchange had already cleared it, leaving no trace of information!
The fundamental reason for frozen cards is:
1. You don't know if the money transferred by the U merchant has any problems.
2. Even if there are no problems this time, a few months later, it could be frozen due to involvement in previous fund cases.
3. Even if there are no problems, the other party may be flagged by the bank's big data risk control, marking U merchants for frequent deposits and withdrawals, leading to the freezing of related bank cards.
4. Finally, if your domestic card frequently has funds coming in and out, inconsistent with your previous identity; quick deposits and withdrawals without retention time will also trigger the bank's risk control and freezing.
Hehe, it can be checked, but this belongs to on-chain technology, let's put that aside for now. This isn't about withdrawal information being checked by officials, but rather that the bank card is being monitored by the anti-fraud big data center...
The logic is such that online gambling brothers often use USDT for deposits and withdrawals, and then sell and buy coins on various exchange platforms. Due to the high frequency of transactions, their bank cards have transacted with cards flagged by anti-fraud centers, which has been monitored by big data.
Most coin dealers' bank cards are high-risk cards. If you have dealings with them for a long time, your bank card will also be labeled as 'fraud' in big data.
