Assuming you made 100 million in the cryptocurrency space, how should you cash out?

Folks, today let's talk about the pitfalls of selling USDT for cash! If you make 5 million by selling USDT, the bank will not only call you but might also visit you in person, not out of concern for you, but to sell you wealth management, trust, and insurance products, inviting you to join their VIP membership.

The risks of selling USDT on a platform include a significant chance of encountering dirty money:

Level 3 dirty money: Your account is likely to be frozen for 3 days, and if the amount is large, it could be frozen for up to 6 months.

Level 2 dirty money: Your account could be frozen for 6 months, or even have your funds confiscated.

Level 1 dirty money: Concealing criminal proceeds, with a minimum sentence of 3 years! How to avoid risks?

Don't be greedy for cheap deals: If the price of USDT is absurdly low or if you sell it for an unusually high price (for example, if the market price is 7 yuan and you sell it for 7.5 yuan), knowing that the situation is abnormal and still engaging in the transaction can have severe consequences.

Don't go to platforms or look for USDT merchants: Offline cash transactions are even riskier; there is a high probability of dirty money, and it may also jeopardize personal safety. The safer way to cash out is to trade with familiar and reliable people: have the other party give you the money first, then you give them USDT. After receiving the money, check the funds; do not accept funds that have not been settled for more than 3 days or have excessive transaction frequency.

Cash out slowly: For example, if you want to cash out 10 million, use Alipay to cash out about 200,000 daily; being impatient can easily lead to mistakes. If possible, avoid using bank cards: selling in Hong Kong dollars is complicated, requiring qualifications, procedures, and specialized channels, so don’t try it lightly if you are not sure. $ETH

Bank risk control amounts are small: Banks generally won't ask too many questions. $BTC

Large amounts: If too much money is deposited daily, non-counter transactions may be restricted, and you can only withdraw money at the counter. #Cryptocurrency

Clean background: If the money earned from selling cryptocurrency is completely clean, the bank won't ask too many questions. #SuddenWealthInCrypto

Have a 'criminal record': The bank will investigate very thoroughly. Selling USDT for cash carries significant risks; do not be greedy for cheap deals or look for shortcuts. #Bitcoin

Find reliable people to trade with, cash out slowly, and avoid being controlled by bank risk management or getting involved with dirty money. #TradeWarEasing

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