If you've made 10 million in the crypto world, how can you safely cash out?
1. Go to major exchanges like Binance, convert your cryptocurrency to RMB or foreign currency, and then withdraw it to your bank card. Remember, the bank card and identity information must be your own, and real-name authentication must be completed.
2. If you often travel abroad, consider opening a bank account in Singapore or Hong Kong, convert cryptocurrency to foreign currency, and then withdraw. However, the account opening must be legitimate, and the purpose of the account must be clearly stated.
3. There is a C2C market in exchanges where you can find withdrawal channels; remember to choose reputable ones and use real-name methods for payment to ensure safety.
When it comes to large withdrawals, how can you avoid bank risk control?
First, don't withdraw too much at once; do it in batches, ideally withdrawing no more than 100,000 each time, and try to complete the withdrawals within 200 times for safety.
Secondly, use your bank card more often, keep some balance, or invest in financial products to let the bank know you are a reliable customer.
Then, avoid suspicious operations, such as rapid in-and-out transactions, and try to operate during bank working hours; also keep good transaction records.
What if you get flagged by risk control?
Don't panic, contact the bank, explain the source of the funds, provide transaction records, and cooperate with the appeal; usually, it can be resolved.
These are my personal experiences.
So, fellow crypto enthusiasts, when you have 10 million ready to cash out, how much do you plan to withdraw at once???