Assuming you made a hundred million in the cryptocurrency market, how should you withdraw funds?
Brothers, today let's talk about the pitfalls of selling USDT to withdraw funds! If you make 5 million by selling USDT, the bank will not only call you but may also visit you in person. The purpose is not to show concern but to sell you financial products, trusts, and insurance, inviting you to join the VIP Gold Card program.
Risks of Selling USDT
When selling USDT on a platform, the chance of encountering dirty money is not small:
Level 3 dirty money: The account is likely to be frozen for 3 days, and if the amount is large, it could be frozen for half a year.
Level 2 dirty money: The account is frozen for 6 months, and funds could even be confiscated.
Level 1 dirty money: Concealing criminal proceeds, starting from three years in prison!
How to Avoid Risks?
Don’t be greedy for cheap: If the price of buying USDT is absurdly low, or if the selling price is unusually high (for example, the market price is 7 yuan, and you sell at 7.5 yuan), trading under such known anomalies can have serious consequences.
Don't go to platforms or look for USDT dealers: Avoid offline cash transactions as they are highly likely to involve dirty money and may also jeopardize personal safety.
Safe Ways to Withdraw Funds
Trade with familiar and reliable people: The other party gives you money first, then you give them USDT. After receiving the money, verify the funds; if the funds have been in the account for less than 3 days or if the transactions are too frequent, don't accept them.
Withdraw funds slowly: For example, if you want to withdraw 10 million, use Alipay to withdraw about 200,000 daily. Being impatient can easily lead to mistakes.
Use other methods instead of bank cards: Selling for Hong Kong dollars is cumbersome, requiring qualifications, procedures, and special channels. Don't try it lightly without understanding.
Bank Risk Control
Small amounts: Banks generally won't ask too many questions.
Large amounts: If the card receives too much money daily, it may be restricted from non-counter transactions and you can only withdraw at the counter.
Clean background: If the money earned from selling cryptocurrency is completely clean, the bank won't ask much.
With a 'criminal record': The bank will investigate very carefully.
Selling USDT to withdraw funds carries great risks; never be greedy for cheap deals or look for convenience. Find reliable people to trade with, withdraw funds slowly, and avoid bank risk control or getting involved with dirty money. Brothers, proceed steadily, safety first!