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Assuming you made 100 million in the crypto world, how should you cash out?
Brothers, today let's talk about the pitfalls of selling USDT to cash out! If you make 5 million by selling USDT, the bank will not only call you but may also pay you a visit, not to express concern but to promote financial management, trust, and insurance products, inviting you to join the VIP gold card program.
Risks of Selling USDT
When selling USDT on a platform, the probability of encountering dirty money is not small:
Tier 3 Dirty Money: Accounts are likely to be frozen for 3 days, and large amounts may be frozen for half a year.
Tier 2 Dirty Money: Accounts frozen for 6 months, or even funds being confiscated.
Tier 1 Dirty Money: Concealing criminal proceeds, starting from three years!
How to Avoid Risks?
Don’t be greedy for cheap deals: If the price of USDT is ridiculously low when buying, or the selling price is unusually high (for example, the market price is 7 yuan, and you sell for 7.5 yuan), trading in such obviously abnormal conditions can have severe consequences.
Avoid platforms or USDT dealers: Offline cash transactions should be avoided entirely, as the risk of dirty money is high, and it may also endanger personal safety.
Safe Cash Out Methods
Trade with familiar and reliable people: Have the other party give you money first, and then you give them USDT. After receiving the money, check the funds; avoid funds that have been stagnant for more than 3 days or have excessively frequent transactions.
Cash out slowly: For instance, if you want to cash out 10 million, use Alipay to cash out around 200,000 daily; being anxious can easily lead to mistakes.
Use other methods if possible: Selling as Hong Kong dollars can be troublesome, requiring qualifications, procedures, and special channels; don’t try easily without understanding.
Bank Risk Control
Small Amounts: Banks generally won’t ask questions.
Large Amounts: If too much money enters the account daily, it may be subject to non-counter transaction restrictions, forcing you to withdraw cash at the counter.
Clean Background: If the money earned from selling coins is clean, the bank won’t ask too many questions.
Having a “Criminal Record”: Banks will investigate very carefully.
Selling USDT to cash out carries high risks; never be greedy for cheap deals or try to take shortcuts. Find reliable people to trade with, cash out slowly, and avoid being subjected to bank risk control or getting involved with dirty money. Brothers, proceed steadily and prioritize safety