In cryptocurrency trading, the security of the withdrawal process is crucial. A slight oversight may lead to risks such as bank card freezing. Below are comprehensive guidelines from three dimensions: safe withdrawal techniques, self-proving methods after card freezing, and unfreezing materials and processes. 1. Core techniques for safe withdrawal: Reduce card freezing risk from the source (1) Choice of platform and trading method.
Prioritize large platforms: For OTC trading, try to choose large platforms like Binance, OKEx, etc. These platforms have smoother communication channels with regulatory and law enforcement agencies, more mature risk control measures, and can reduce risks to some extent.
Choose T+1/T+2 withdrawal mode: For example, Binance T+1, Huobi strict selection trading (T+2 withdrawal); although withdrawal is delayed, it can significantly reduce the risk of being involved in money laundering, making it safer compared to free trading.
Prefer mainstream coin trading: Avoid directly using stablecoins like USDT for OTC trading, and try to use mainstream cryptocurrencies like BTC and ETH to reduce the possibility of being linked to high-risk funds.
2. Bank card management strategy
Dedicated isolation card: OTC transactions should use a separate bank card, strictly separating it from commonly used cards like salary cards. This way, even if the card is frozen, it will not affect the use of other funds, and when cooperating with investigations, the flow of funds is easier to clarify.
Prefer local banks: Prioritize cards from local banks such as city commercial banks and rural commercial banks. Large and medium-sized banks like Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, etc., have branches all over the country, and law enforcement agencies can directly freeze them, while the freezing process of local banks is relatively complex, which can reduce the probability of being frozen.
3. Norms of trading behavior
Avoid fixed high-frequency trading: Do not frequently trade with fixed merchants or users; indirect purchases by the same user exceeding 3 transactions in one day, or buying and selling within a short period, are likely to be deemed as money laundering suspicion.
Carefully choose trading partners: Try to trade with large merchants and major market makers, minimize orders, and avoid problematic regional merchants. However, it should be noted that ordinary users find it difficult to fully discern the reliability of merchants; even trading with Huobi Blue Shield service merchants may face the risk of card freezing.
Control withdrawal frequency and amount: Reduce the number of withdrawals, increase the amount of a single cash conversion, and lower the complexity of transaction traces.
Standardize trading time: Try to trade during normal working hours from 9 AM to 9 PM on weekdays, avoiding abnormal trading nodes during non-working hours.
Post-receipt operation taboos: Do not transfer funds to other personal bank cards after the transaction to avoid contaminating other funds; do not transfer out immediately after receiving funds; funds should be retained in the account for a period of time; if money is urgently needed, cash can be withdrawn via ATM or spent online.
2. Self-proving innocence after card freezing: How to prove no involvement in money laundering.
If unfortunately encountering a frozen card, you can prove your innocence from the following perspectives:
Clarify that your actions are normal buying and selling transactions of digital assets like Bitcoin, and do not involve money laundering or other illegal activities.
Emphasize that you are unaware of any criminal activity regarding the funds received from selling currency, and that you have no subjective intention of illegal activity.
Actively cooperate with the investigation, providing complete transaction records, chat records, on-chain transfer records, and all relevant evidence.
Clearly recognize the legality of engaging in digital asset trading and adhere to compliance trading bottom lines.
3. Materials and processes required for unfreezing
1. Common unfreezing materials
Core materials to prepare include: complete bank card transaction records, on-chain transaction records, order records from trading platforms, WeChat chat records that include the transaction process, and other evidence that can prove the legality of assets (such as income proof, etc.).
2. Different freezing types resolution process
Bank risk control freeze: Bring your ID card and bank card to the account opening bank to communicate and submit relevant transaction reconciliation proof; if it involves public security policy directives, you need to cooperate with the local public security department for investigation, fill out the anti-fraud application form, and you can unfreeze after approval.
Public security judicial freeze:
First observe for 3 days to see if the temporary stop payment turns into a formal freeze (continuing freezing for six months).
If it turns into a formal freeze, immediately go to the account opening bank to inquire about the name of the freezing unit, case number, and responsible police officer’s information.
Contact the responsible police officer, explain the situation and cooperate with the investigation. After verifying that there are no illegal or disciplinary actions, the account will be unfrozen.
It should be particularly noted that although there is some operational space in digital asset trading, one must always pay attention to regulatory dynamics, adhere to compliance bottom lines, and minimize personal risk.
