Trading cryptocurrencies has made money, how to safely withdraw it?
Recently, a friend asked me: "I've made some money trading cryptocurrencies, how do I withdraw it? Is it just a matter of selling it off?"
In fact, it's far more complicated than that.
In the cryptocurrency world, "withdrawing funds" essentially means exchanging the U you hold for RMB. But you need to know:
It's not that you're afraid of not making money, but rather that you're afraid the money won't reach your hands!
If you're not careful with withdrawals, your bank card might be frozen, funds could be locked, and there could even be legal risks.
So, what should you pay attention to for safe withdrawals?
Don't randomly trade with strangers.
Some people see posts in their social networks about favorable exchange rates and get tempted, only to find that once the money arrives, their card is frozen.
Why? The other party's money might be "black U," and you could get implicated.
Withdrawing funds = financial transaction; compliance is the most important!
It's advisable to use large platforms, such as: Binance, European C2C exchanges.
Prioritize "platform-certified merchants," who have good reputations and guaranteed transactions.
Keep all transaction screenshots!
It's not just about taking a screenshot of the "arrival SMS"; you should keep screenshots of the entire process:
Exchange order screenshots
Chat records
Transfer receipts and time screenshots
In case one day your card gets frozen, having evidence can prove your transaction is "legal."
Know yourself and also understand your trading counterpart.
Withdrawing funds is not just about "I want to receive money, so I will receive it"; you need to clarify:
Who is the other party?
Where did the money come from?
Do you have a long-term record of receiving large amounts of funds in your bank account?
It's best to use your regular bank card, preferably one in your real name; don't open a temporary new card just to "receive money," as this can easily trigger bank risk control.
In summary:
Making money from cryptocurrency trading is one thing, but safely withdrawing that money is the real "cash in hand"!
Don't let a small oversight turn the money you've worked hard for into "frozen balance."
