Zero loss in cashing out U? If you believe it, just wait to run naked!

Have you recently come across a bunch of tutorials on "legally selling USDT in Hong Kong"?

What does "regular cash out" and "zero loss exchange" sound so real?

Don't get too excited, as a seasoned investor who has stepped on landmines, let me break down how many pitfalls there truly are!

Why are influencers hyping it up, but no one is telling you the truth?

Many bloggers have never actually experienced it!

Some accounts don’t even have 10 U, relying solely on empty promises.

Others sell courses, create groups, and recommend exchanges for commissions, completely disregarding the consequences for you.

No one pays attention to the truth; stories of getting rich quick attract followers.

If you believe it, you are just a tool for their traffic monetization.

The real process of "cashing out U", a personal account of trials and tribulations!

First, the conclusion: Out of 1 million USDT, only 760,000 is left after the operation, a direct loss of 24%!

How did the losses occur? Let me take you step by step through the nightmare:

Step 1: Open an overseas bank account.

Go to Hong Kong to set up a virtual bank (like Zhong An), checking entry and exit, facial recognition verification, took three days.

For physical cards (HSBC/Standard Chartered), you need to find an intermediary, costing several thousand.

Step 2: Exchange certification.

Domestic ID is a no-go; you can’t pass KYC at a legitimate exchange.

Would you dare to touch a shady platform? It can run away in an instant, and you won't even see U.

Step 3: Sell U offline for Hong Kong dollars.

Exchange rate slashed: 1 U = 7.09, when the market price is clearly 7.21, losing 120,000 in one go.

Only cash: Carrying millions of cash to the bank for deposit, immense mental pressure.

Step 4: Exchange Hong Kong dollars for US dollars and then cash out.

The bank takes another cut: exchange rate 7.21 → 7.33, losing another 120,000.

Altogether, a total of 240,000 disappears into thin air!

Step 5: Information exposure.

Name, phone number, address, passport, all registered.

It’s like putting yourself under a magnifying glass, completely exposing your privacy.

Final summary: Retail investors stay away!

Cashing out U ≠ ATM; reality isn’t as beautiful as those influencer videos.

From 1 million U, you end up with only 760,000, plus identity information, energy, and risk.

Want to cash out really?

Find reliable acquaintances to exchange small amounts.

Or simply hold onto coins and wait for the market, don’t force it.

I am Xiao Peng, a senior trader and analyst in the crypto circle,

Having experienced the highs, being cut down, and stepping on many landmines.

Follow me, and I’ll help you navigate the crypto world clearly and avoid being a bag holder!