Cash transactions for U carry significant risks, newcomers must stay away!
Recently, in consultations, I found that many people are interested in cash transactions for U. Today, I will explain the legal risks involved in detail.
First, for friends who may not be familiar, "U" usually refers to USDT, a type of virtual currency, and cash transactions for U refer to over-the-counter (OTC) trading of USDT for cash. Such transactions are not legally protected in our country and carry extremely high risks!
1. Black eating black risk: You may encounter scammers posing as cash currency traders, leading to loss of coins, which is not uncommon.
2. Risk of handling stolen money and coins: During cash transactions, the probability of encountering stolen cash and stolen U is relatively high. Once involved, the subsequent troubles are endless.
3. Difficult defense risk: If you unfortunately get involved in transactions of stolen money and coins, due to knowing or should knowing that there are issues with the transaction, the space for defense is extremely limited.
Is there a way to avoid these risks? Theoretically, yes, such as requiring both parties to sign a contract, facial recognition, video recording, checking bank statements behind the cash and analyzing their legality. However, the practical difficulty is immense, and for newcomers, it is almost impossible to achieve comprehensive prevention.
Assuming you take out a loan of 200,000 from the bank as clean funds to engage in cash OTC, after buying and selling coins, you cannot guarantee the legitimacy of the cash source sent to you by others. Even if you check cash withdrawal records, the entire process is complex and exceeds the capability of most people.
Therefore, if you are a novice and lack the ability to identify trading risks, it is best not to engage in cash transactions for U. Don't be tempted by potential profits; once trapped, the consequences are unimaginable and you may even face legal sanctions. Remember, stay away from high-risk transactions to protect your property safety and legal rights!
I wish all you newcomers can safely reach the shore soon, may everything go smoothly, and may you earn the ideal numbers in your heart!
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