Brothers, no matter how aggressively you play with coins, if cashing out is unstable, everything is equivalent to zero!

I have truly learned my lesson:

During that cash-out in 2021, 150,000 USDT had just been transferred from the exchange, and the next day my bank card was directly locked.

The police said: 'This money is suspected of fraud, if you want to unfreeze it, you'll have to pay 280,000!'

I submitted a lot of materials, spent nearly 2 months, and ended up losing 30%.

At that moment I finally understood: cashing out is not a technical job, it's a life-saving battle!

🔥 Why do old players in the crypto circle use Hong Kong Mastercard?

To be honest, 90% of the old players around me are relying on this to cash out. There are three reasons:

✅ Isolate risks throughout the chain: money goes to Hong Kong, completely cut off from the domestic banking system, away from risk control interference!

✅ Compatible with major exchanges: Binance, Coinbase, and other major exchanges can all be accessed smoothly.

✅ Legal and compliant with licenses: regulated by the Hong Kong Monetary Authority, use it with peace of mind and withdraw with reassurance.


✅ Practical process | How to handle Hong Kong card most stably?


Recommended banks for account opening:

  • Chinese Overseas Bank: deposit 50,000 HKD to open an account

  • Dah Sing Bank: supports opening an account with 0 deposit (fees are slightly higher)



Three documents needed to open an account:

📄 ID card + Hong Kong and Macau travel permit + utility bill (address proof)

👉 You can make an appointment for account opening services in Shenzhen or Guangzhou, no need to fly to Hong Kong

Cash out methods:

Exchange withdrawal → Hong Kong card → ATM withdrawal / cross-border remittance

💰 Fee reference: Each transfer costs about 100~300 HKD, it's more cost-effective to accumulate 50,000 USDT before operating


⚠️ Avoid pitfalls warning:

  • Don't choose HSBC or Standard Chartered! These major banks are extremely sensitive to crypto assets and can freeze and investigate at any moment.

  • Annual foreign exchange limit is 50,000 USD; don't put all your money on one path, plan your capital structure well.


🚨 Five major traps in C2C cash out, regret it once you move your card!

Some pits are truly a trap: once you step in, you won't get out for half a year:

✔ Three major risk control strategies:


  • Check transaction history: ask the merchant for a screenshot of the bank statement from three days ago to avoid dirty money being deposited and withdrawn on the same day


  • Real-name transfer: only accept money from your own account, clearly state 'BTC payment' in the remarks for bonus points


  • Evidence chain closure: keep chat records stating 'I confirm this money is clean'; for amounts over 50,000, it's best to verify with video proof



✔ Operation tips:


  • Find merchants with T+3 delayed payment; delayed payments can intercept 90% of dirty money

  • Withdraw in batches, no more than 3 cards a day, and no more than 50,000 USDT per card

  • Avoid Agricultural Bank and Postal Savings! China Merchants Bank, Pudong Development Bank, and Minsheng Bank are relatively 'stable'


🧨 Five iron rules for cashing out to save your life (suggest writing them down and sticking them on your wallet)


  1. Don't touch the policy red line: domestic virtual currency trading is not supported, and if there's an issue, you'll bear the responsibility yourself


  2. Documents stored for 5 years: backup transaction records, chat screenshots, and bank statements in the cloud


  3. Prepare emergency money: keep half a year's living expenses in the card, even if the card is frozen, you can still breathe


  4. Don't waste money after cashing out: don't spend immediately after the funds arrive, wait a moment to confirm the card is 'alive'


  5. Be cautious with offline transactions: acquaintances can also be a trap; someone exchanged 200,000 and ended up suffering due to gambling!


✅ Evening thoughts:

Now I cash out once a month using a Hong Kong card, and each time the fee is 200 HKD, does it hurt?

No, I feel like I've bought an 'asset insurance'.

Thinking about the 360,000 I lost back then because I didn't plan well, I'd rather spend a little more each time to ensure safety and secure my profits!


Don't mess up at this cash-out step; the market waits for no one, but risk control does not wait for you!

#MichaelSaylor暗示增持BTC #特朗普比特币金库 #以色列伊朗冲突