The Blood and Tears History of Capital Outflow in the Cryptocurrency World: A Pitfall Guide for Ten-Year Veterans
In 2020, due to a USDT withdrawal operation, my bank card, Alipay, and WeChat were all frozen, and I was even involved in a criminal case! Just because of 'related involved funds,' the police bluntly stated that 'virtual currency transactions are not protected by law.' In the end, I had to pay tens of thousands to unfreeze my account. No matter how much you earn in the cryptocurrency world, if the withdrawal method is wrong, you can still lose your principal and bear legal responsibilities!
Four essential withdrawal strategies that are a must-read for survival!
1️⃣ Hong Kong Card Withdrawal (Most Stable): Bypass mainland regulations. Recommended banks are Dah Sing Bank and OCBC Wing Hang Bank, with a single withdrawal >2000 HKD and fees of 100-300 HKD per transaction. After 2023, regulations will tighten, so open an account as soon as possible!
2️⃣ Exchange C2C (High Risk): Choose counterparties with funds settled for >3 days, match real names + keep evidence! Single transactions should not exceed 50,000, and confirm identity via video to prevent fraud.
3️⃣ Offline Cash (High Danger): Only for transactions with acquaintances (for >3 years), amounts <20,000, and record the entire process with audio and video! Legal risks are extremely high; beginners should avoid this.
4️⃣ Bottom-Line Thinking:
Backup all transaction records for at least 5 years and regularly clean sensitive information! Diversify accounts, reserve emergency funds, and evaluate the source of funds from a 'regulatory perspective.'
For the upcoming layout direction, I plan to help everyone find those high-profit opportunities in altcoins, expecting a tenfold return is definitely possible. Like and leave a message, and I'll guide you in laying out the entire bull market!