A card freezing incident could wipe out several years of your profits.
Truly mature players in the crypto world treat 'withdrawal safety' as a bottom line.
▶ 01｜Making money from trading is not difficult, but withdrawals are a high-risk area
On a certain day in 2020, an insider had his account frozen by local police under the pretext of 'funds involved in a case' due to a withdrawal transfer from the exchange.
Even the untraded funds are locked up, and the condition for unfreezing is surprisingly 'compensation first'.
From then on, his first principle is: withdrawals must prioritize risk control and compliance, not fees.
▶ 02｜The universally recognized 'ultimate withdrawal path': Hong Kong card + international channel
• The circulation path of Hong Kong cards avoids regulation, with almost zero risk of card freezing
• Collaborating with the exchange for withdrawals allows for ATM cash withdrawals and cross-border transfers, flexible for multiple scenarios
• Pay attention to choose banks with low thresholds, such as Dah Sing and OCBC Wing Hang, which are easier to apply for
Although the fees are high, they provide the assurance to 'sleep soundly'.
▶ 03｜Can't apply for a Hong Kong card yet? There are methodologies for domestic withdrawals
• Check the duration of the other party's fund accumulation, stay away from 'quick in and out' accounts
• Insist on same-name certification; transaction remarks must specify the 'currency property'
• All conversations must leave a trace; screenshots and call recordings are essential
In high-risk scenarios, the 'evidence chain' is your last line of defense.
▶ 04｜Offline transactions ≠ safe transactions, and don't trust strangers for on-site delivery
• High legal risk: Even if you are a victim, you may become a subject of investigation
• High operational risk: fake screenshots, counterfeit money, and swapping scams are rampant
• Advice: Only with long-term acquaintances who you trust very much, keep the amount within 20,000 yuan
Offline withdrawals, be cautious and prudent.
▶ 05｜Conclusion: In the crypto world, protecting your principal is far more important than making more money
Trading cryptocurrencies is not illegal, but it is not recognized by regulators;
Withdrawals are not illegal, but they can easily trigger issues.
Prepare Hong Kong cards, backup transaction records, avoid hot money, and keep good evidence.
Don't let a single fund freeze ruin all your efforts.
📌 Have you experienced withdrawal risks? Feel free to share your experiences in the comments
I will select real cases to share in a special feature on 'Withdrawal Pitfall Avoidance' for everyone.
