If you have made 10 million in the cryptocurrency world, how can you safely cash out?
1. Go to major exchanges like Binance, convert your cryptocurrency into RMB or foreign currency, and then withdraw it to your bank card. Remember, the bank card and identity information must be your own, and you need to complete real-name verification.
2. If you travel abroad often, open a bank account in Singapore or Hong Kong, convert your cryptocurrency into foreign currency, and then withdraw. However, make sure the account opening is legitimate, and clearly state the purpose of the account.
3. There is a C2C market in the exchange where you can look for withdrawal channels. Remember to choose reputable ones and use real-name methods when making payments for safety.
When it comes to large withdrawals, how can you avoid bank risk control?
First, don’t withdraw too much at once; do it in batches, withdrawing no more than 100,000 each time, preferably completing it within 200 transactions for safety.
Secondly, use your bank card regularly, maintain a balance or purchase some financial products, so the bank knows you are a reliable customer.
Then, avoid suspicious operations like quick in-and-out transactions; try to conduct operations during banking hours and keep good transaction records.
What if you get targeted by risk control?
Don’t panic; contact the bank, explain the source of funds, provide transaction records, and cooperate with the appeal. Generally, this can be resolved.
These are my personal experiences.
So, fellow crypto enthusiasts, when you have 10 million and are ready to cash out, how much are you planning to withdraw at once???