In recent years, I have seen too many people in the crypto space make a lot of money, only to end up either being subjected to risk control, frozen assets, or getting scammed when trying to withdraw a large sum. Those who have truly made money and successfully 'secured it' are few and far between.
And I, seizing an opportunity with MYX Finance, made my first 1 million in the crypto space, and - all successfully withdrawn, converted into real cash, used for meals, rent, and even transferred money to my parents.
Today, I want to talk to you about this matter regarding making money, withdrawing funds, avoiding scams, and the fact that USDT has already become the 'next generation cash'.
🚀 With MYX Finance, I achieved the first leap from 'crypto to cash'.
I joined MYX Finance at the end of last year when the mainstream was still focused on Binance Alpha, gaining points, and competing for interactions. I was already a bit tired of it. It's not that Alpha isn't appealing; it's just that the competition was too fierce.
MYX Finance was the new direction I was betting on at that time:
• Directly trade derivatives using assets from any chain without cross-chain transactions;
• All assets are under your control; there’s no fear of centralized entities running away;
• There were many active rewards and liquidity incentives, and in the early stages of the project, they even offered writing competition prizes!
In my strongest month, I received nearly 480,000 in token incentives through MYX, and then earned more through commissions and participating in on-chain trading competitions, accumulating over 1 million over time.
MYX Finance is the industry's first derivative trading protocol that achieves chain abstraction, aiming to break the performance monopoly of centralized exchanges and the barriers of fragmented assets and complex interactions under traditional DeFi models, promoting the vision of 'everyone can trade Alpha'.
Relying on self-developed Chain Abstraction Layer technology and Dual-Layer Account System, MYX has achieved unified scheduling and native transaction support for cross-chain assets:
Users can directly use any asset on mainstream networks such as BNB Chain, Arbitrum, Linea, etc., to complete perpetual contract opening and closing without needing to transfer via cross-chain bridges or frequent authorizations;
The trading process does not require redirection, has low latency, and high throughput, combining the smooth experience of centralized platforms with the security of self-custody of DeFi native assets;All trading logic and settlement actions are transparently executed on-chain, allowing users to always retain ownership and complete control of their assets.
Currently, MYX Finance is accelerating the construction of a full-chain derivative liquidity network based on chain abstraction, injecting truly scalable, composable, and collaborative trading infrastructure into the DeFi world, opening new boundaries for on-chain finance.
At that moment, I suddenly realized that what I held in my hands was not just numbers, but real 'circulating currency'.
💡 USDT is becoming the 'new cash', and the withdrawal methods have changed.
In the past, when we talked about 'withdrawing funds', many people's first reaction was: convert it to RMB.
But now more and more people around me are directly using USDT for shopping, transferring funds, and paying for services:
• My friends in Cambodia, the Philippines, and Malaysia directly pay their rent using U;
• Some merchants in Tsim Sha Tsui, Hong Kong support discounts for USDT payments;
• Some people even buy phones in Shenzhen and call for purchasing agents, transferring the goods and coins on-chain, with instant arrival!
So this time I split the operation into two steps:
✅ My complete process for withdrawing funds + consumption (including gray areas)
1️⃣ Large cash withdrawals: Use legitimate offline stores in Hong Kong.
• Only go to licensed exchange stores in Causeway Bay/Tsim Sha Tsui that have been operating for over 10 years;
• Split into multiple transactions, with each not exceeding 100,000 HKD, and record the entire process;
• After exchanging, I directly deposited into the bank; one time I exchanged 60,000, and the next day I bought a laptop and a second-hand iPhone in Kowloon Bay.
2️⃣ Small transactions: directly use U like RMB to spend
• Domestically, I directly transfer U to e-commerce for payments with zero fees;
• When renting in Hong Kong, directly find intermediaries that support U transfers;
• Even when I go home to give my parents red envelopes, I transfer coins and have my cousin withdraw them for them on Binance!
🧨 Important reminder: Withdrawing funds is not speculation; it is a survival skill!
Stop thinking about 'clearing everything at once'! I know a guy who transferred 500,000 to his bank account in one go, only to have it frozen by the bank due to risk control + phone interview the next day. He was stunned.
I have summarized that the safest rhythm is as follows:
• Each withdrawal should not exceed 20,000;
• Multi-platform switching: Binance, OKX, Bybit;
• Remarks should say 'refund' or 'salary'; do not write 'currency' or 'virtual assets';
• Operate multiple accounts, switch between multiple wallets, and use merchants introduced by acquaintances in the community.
Now I regularly take out 10,000 to 20,000 from the crypto space each month for consumption, living expenses, travel, and treating others, all relying on this.
🧘 Lastly, I want to say: The money in the crypto space is becoming more and more 'real'.
From MYX Finance to Alpha, then to Launchpool, L2 projects, DePIN, RWA, the crypto space is fully integrating with the real world.
• USDT is the new cash;
• Wallets are the new banks;
• CEX is the new payment gateway.
You only need a mobile phone to make cross-border payments, global transfers, and real-time settlements. We are witnessing the gradual formation of a new financial order.
If you have already made money in the crypto space, do not let your funds 'get stuck on the chain'. Learning to withdraw funds is the final step to becoming a winner.
