How to cash out 1 million in the cryptocurrency market?
When cashing out virtual currency, do you think it’s enough to just find a buyer to realize the value? Wrong! This way, the virtual currency is sold, and the money is in hand. However, the consequence of selling virtual currency so simply is that 9 out of 10 bank cards will be frozen. Once your bank card is frozen, to lift the freeze, the public security authorities will require you to provide evidence to prove your innocence.
To provide evidence of a real transaction, you must prepare the following before cashing out virtual currency:
First, how much do you know about the buyer? This is something the public security authorities often ask. Cryptocurrency transactions are not like buying and selling goods; you must fulfill your reasonable duty of review. Before the transaction, check the other party's account information and bank statements, and definitely refuse transactions with unclear funding sources. Don’t think about the profit and treat it like any random transaction.
Second, promptly keep the relevant chat records of the virtual currency sale to restore the transaction process.
Third, take timely screenshots of the trading orders on the exchange and save them. Currently, exchanges only keep transaction orders for 6 months; after this time, you cannot retrieve the transaction orders, which is very unfavorable for proving your real transactions. Therefore, be sure to download and back up your virtual currency cash-out order records in a timely manner. Remember to follow the above processes diligently; otherwise, it may lead to a frozen bank card and lost money, or even complicity in a crime leading to imprisonment.