In the cryptocurrency world, if you've made enough to reach 10 million, how can you safely cash out?
1. Go to major exchanges like Binance, convert your cryptocurrency to RMB or foreign currency, and then withdraw it to your bank card. Remember, the bank card and identity information must be your own, and real-name authentication must be completed.
2. If you travel abroad frequently, consider opening a bank account in Singapore or Hong Kong, convert your cryptocurrency to foreign currency and then withdraw. However, the account opening must be legitimate, and you should clearly state the purpose of the account.
3. There is a C2C market in exchanges where you can find withdrawal channels. Remember to choose those with good reputations, and use real-name methods for payment, as this is safer.
When it comes to large withdrawals, how to avoid bank risk control?
First, don’t withdraw too much at once; do it in batches, withdrawing no more than 100,000 each time, and ideally finish within 200 transactions to ensure safety.
Second, use your bank card frequently, keep some balance, or buy some financial products to let the bank know you are a reliable customer.
Then, avoid suspicious operations, such as quick in-and-out transactions, and try to operate during bank working hours, while keeping 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 process; it can usually be resolved.
These are my personal experiences.
So, fellow cryptocurrency enthusiasts, when you have 10 million and are prepared to cash out, how much are you planning to withdraw at once???