The only two possibilities for a frozen card during a withdrawal are receiving dirty money or the transaction triggering the bank's risk control model. Receiving dirty money is the number one killer for card freezing.
The dirty money mentioned here is not traditional dirty money, but specifically refers to money from scams; other dirty money, such as that from corrupt officials, is not a problem. Because only scam-related funds have victims who will report to the police, and the police will trace the money's path, all the bank accounts involved will be monitored. The commonly heard money laundering through score running, fleet accounts, these are all channels for the circulation of scam-related dirty money. The cryptocurrency space is a hub for such dirty money, requiring more caution against these funds; once it becomes a primary involved card, it will certainly be frozen, and compensation will be necessary, essentially losing both the money and the effort.
If it triggers the bank's risk control model, it is generally rare for cards to be frozen; basically, it will be limited to non-counter transactions, meaning transactions can only be conducted offline in person. This type of situation is not very risky, just a hassle. Common risk control models include: high-frequency small transactions, large sums of money coming in and out quickly, transactions with high-risk regions or accounts, and transactions that do not match usual patterns, for example, if someone has been transacting thousands of dollars monthly and suddenly withdraws several hundred thousand, it may attract significant attention.
Next, let’s talk about how to avoid dirty money and the bank's risk control model. If it’s just a few hundred or thousands of U, just go to a large exchange; Alipay, WeChat, or bank cards are all fine. Always require the other party to use platform payments under the same name; anything like using your wife's or mother's account is not allowed, as no one can guarantee your safety if something goes wrong. Also, try to avoid merchants who only sell and do not accept, or those who have just entered the market for a few weeks, or merchants with very low transaction volumes. If you are making multiple transactions, you can choose the same merchant, as continuous transactions with strangers in different locations can easily trigger risk control, potentially locking funds for a week to a month.
For amounts ranging from several thousand to fifty thousand U, it is still recommended to choose a platform, especially certified merchants. Large exchanges will conduct stricter risk control reviews on certified U merchants and have strict anti-money laundering mechanisms, as well as reserve margins, making them relatively more reliable, and the probability of receiving dirty money will indeed be much lower. One must remember that payment must be under the same name.
As for the promised judicial freeze compensation, let's forget it. Have you seen the specific rules? You need a certificate issued by the police, and it only compensates 10%, with a maximum of two thousand U. One can only say it's better than nothing, but you still need to rely on your own judgment.
For friends with withdrawal needs over fifty thousand U, you can look for well-known OTC bloggers; they usually promise not to use cryptocurrency funds for payment. Regardless of the truth, they put in a lot of effort to promote themselves, and their reputation is the strongest guarantee. Even if problems do arise, they will not let you suffer too much loss just to preserve their reputation. Moreover, if the bank requires you to provide the source of large funds, they can also cooperate in issuing documents. Of course, even when trading with them, you should trade within the platform and require the same name.
For all the above transactions, keep all transaction records (such as chat records, transfer screenshots, platform order numbers) to prove the legality of the funds to the police in case of a frozen card.
Next, let’s discuss how to optimize trading behavior and account management, avoiding the bank's risk control red lines.
First, you need to diversify your transaction amounts and frequency, trying to avoid large single transfers. Secondly, keep your account active, but absolutely do not think of transferring a small amount of money beforehand to test if the card can be used before withdrawing; this is a typical action that triggers the risk control model. You can start paying utility bills or making purchases two weeks before making a withdrawal. Additionally, avoid conducting large transactions during peak bank risk control periods (late at night or on holidays), and it is advisable to operate during weekdays.
It is recommended to prioritize using small and medium-sized commercial banks instead of the four major banks, as the risk control models of small and medium banks are relatively more lenient. It is best not to use your salary card or the card used for loan repayments. Be cautious, as a little care can prevent significant losses.
Now let’s talk about why it is always emphasized to require platform payments under the same name. For example, if Zhang San is a U merchant, his certified name on the platform must be Zhang San. If he is not a legitimate merchant and intends to give out dirty money, he may tell you that his account has been used too frequently and ask if he can use his wife's account to transfer money to you. If you agree, the money you receive may very likely come from some aunt who has been scammed, directly putting dirty money into your account, making you a primary involved card. Once the aunt reports it, your card will inevitably be frozen, and you will have to return the money.
However, if payment is required under the same name, at most, the dirty money ends up on Zhang San's card, and Zhang San transfers the dirty money to you. You have solid transaction evidence proving your transaction is legal and that you did not participate in any scam activities, and you are using a secondary card, meaning the risk and penalties are much lower.
By following the above methods and rules, you can avoid over 99% of the risk of card freezing. If you ask me if there are other methods, of course, there are, such as exchanging in Hong Kong, or using U cards, or going through the sea monster, or withdrawing through crypto-friendly regions and then transferring back to the mainland, but these options are not suitable for most people. Of course, if there are many people in need, a version of overseas cryptocurrency withdrawal could be released, with losses generally controllable at about 0.3%.
In the cryptocurrency space, the safety of withdrawals is a very important issue but not the core issue; the core is how to earn money that can be withdrawn; otherwise, everything is just wishful thinking.
This is the blockchain wanderers channel, expanding your web3 insights. I wish everyone financial freedom soon, and we will meet again next time.
