Guide to Avoiding Pitfalls in Cryptocurrency Withdrawals: If Your Account is Frozen, the Money is No Longer Yours
In the cryptocurrency world, making money is easy, but safely withdrawing it is the real skill.
Many people double their contracts and profit from spot trading, only to get stuck at the withdrawal step: bank cards are frozen, accounts are under investigation, and funds are inaccessible.
Why are accounts frozen?
Unclear source of funds: Some OTC merchants are involved in money laundering, and you might have unknowingly participated.
Frequent transfers: A large number of transfers in a short period can trigger automatic risk control by the system.
Funds passing through involved accounts: Even if it's just a transfer, you could still be implicated.
Five tips to avoid pitfalls in withdrawals:
Choose reputable platforms: Mainstream exchanges like Binance and OKX are more reliable.
Minimize USDT withdrawals: It’s advisable to use BTC or ETH, as they have less risk control pressure.
Dedicated card for transactions: Open a secondary card specifically for receiving funds, and do not mix it with the primary card.
Don’t rush to transfer after receiving: Keep funds for more than 24 hours before making any moves.
Avoid sensitive times: Try to withdraw between 9 AM and 9 PM on weekdays.
What to do if your card is frozen?
Wait for three days to see if it automatically unfreezes.
Contact the bank to find out the reason for the freeze and obtain the case number.
Prepare complete evidence such as blockchain records and transaction screenshots.
Proactively cooperate with the investigation and explain the legitimate trading background.
Making money from trading relies on luck, while withdrawals depend on strategy and details.
Don’t let a frozen account ruin your financial freedom.
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