Better miss than err. Safety first.

The exchange made a profit of 10 million from contracts, how can I safely withdraw my U?
Mainly for users in mainland China, when exchanging USDT (Tether) for RMB, special attention must be paid to safety and compliance. Here are several common withdrawal methods along with their advantages and disadvantages.
1. Withdraw through a regulated exchange
Using compliant and regulated exchanges is one of the safest methods. Investors can exchange USDT for fiat currency (such as USD or EUR) at the exchange and then withdraw to their bank accounts. For example, Kraken supports selling USDT for euros or pounds, with transaction fees of about 0.2% and relatively low withdrawal fees.
Advantages:
• Funds are securely guaranteed.
• Transaction fees are relatively low.
Disadvantages:
• An overseas bank account is required.
• The withdrawal process may be cumbersome.
2. Use peer-to-peer (P2P) trading platforms
P2P platforms allow users to trade USDT directly with other users, exchanging it for RMB. For example, Binance's P2P platform offers this service.
Advantages:
• Flexible trading, faster speed.
• No overseas bank account is required.
Disadvantages:
• There is counterparty risk, so choose reputable trading partners carefully.
• There may be risks of fund freezing, and compliance with platform and legal regulations is required.
3. Obtain an overseas bank card
Apply for an overseas bank card, such as Huamei Card, and withdraw USDT to that card, then cash out or spend at domestic ATMs.

4. Use prepaid card services
For example, the Mastercard prepaid card offered by Depay, users can load USDT onto the card for spending or withdrawal.

5. Through over-the-counter (OTC) trading
Trade with trusted OTC merchants to exchange USDT for RMB.
Advantages:
• Suitable for large transactions.
• Faster transaction speed.
Disadvantages:
• Reputable merchants should be chosen carefully to avoid scams.
• There may be risks of fund freezing.
Recommendations:
• Choose compliant channels: Prioritize regulated exchanges or platforms to ensure fund security.
• Diversify risk: Avoid withdrawing all funds through a single channel and consider using a combination of various methods.
• Comply with laws and regulations: Ensure all transactions meet local legal requirements to avoid legal risks.
• Stay vigilant: Be wary of high-yield temptations to avoid falling into scam traps.