When cashing out virtual currency, do you think you can just find any buyer to convert it? That's a big mistake. Although the virtual currency is sold and the money is received, the consequence of selling it so casually is that your receiving bank card will likely be frozen. Once the bank card is frozen, law enforcement will require you to provide evidence to prove your innocence to unfreeze it.
If you want to provide evidence to prove a real transaction, you need to do the following before the virtual currency is cashed out:
First, how much do you know about the buyer? This is something that law enforcement often asks. Trading virtual currency is not like buying and selling goods; you must fulfill reasonable due diligence obligations. Before the transaction, verify the counterpart's account information and bank statements. If the source of funds is unclear, you must refuse the transaction. Don't think of it as an opportunity for profit just because it's a transaction with someone random.
Second, promptly keep the chat records related to the sale of virtual currency to reconstruct the transaction process.
Third, promptly take screenshots of the orders from the exchange and save them. Currently, exchanges only retain trading orders for 6 months; after that period, you cannot retrieve the transaction orders. This is very unfavorable for proving your real transactions. Therefore, you must download and back up the records of the virtual currency cash-out orders in a timely manner. Be sure to follow the above procedures; otherwise, you risk having your bank card frozen, losing your money, or even being accused of aiding and abetting, which could lead to imprisonment.