Recently, a friend's assets were frozen and faced legal risks due to improper operation during cash withdrawal. This made me realize that cashing out in the crypto world is more difficult than making money, and you may fall into pitfalls if you are not careful. Today, based on my years of experience, I have compiled a set of safe, compliant, and low-risk cash withdrawal solutions, suitable for investors with different amounts of funds.
Recently, a friend's assets were frozen and faced legal risks due to improper operation during cash withdrawal. This made me realize that cashing out in the crypto world is more difficult than making money, and you may fall into pitfalls if you are not careful. Today, based on my years of experience, I have compiled a set of safe, compliant, and low-risk cash withdrawal solutions, suitable for investors with different amounts of funds.
1. Core principle of cash withdrawal: Safety first
Avoid OTC black money: 90% of card freezing is due to receiving involved funds. Be sure to choose reputable channels.
Compliance first: For large amounts of funds (1 million+), it is recommended to go through Hong Kong/overseas banks to reduce domestic regulatory risks.
Decentralized operation: Do not withdraw a large amount of money at one time. Conducting it in batches can reduce the probability of risk control.
2. Comparison and practical guide of mainstream cash withdrawal methods
1. Hong Kong/Overseas Exchange (suitable for large amounts of funds)
Suitable for: People with more than 1 million U, pursuing low-risk and compliant cash withdrawal.
Operation steps:
Step 1: Transfer U to a compliant exchange (such as Kraken, Coinbase).
Step 2: Convert to USD/HKD and withdraw to a Hong Kong bank account (such as ZA Bank, HSBC HK).
Step 3: Convert to RMB through a legitimate exchange company or bank channel (you need to provide proof of source of funds).
Advantages:
✅ The fund path is clear and meets the requirements of anti-money laundering (AML).
✅ The Hong Kong financial system has a high acceptance of cryptocurrency.
Risk warning:
⚠ Avoid street exchange shops to prevent running away or exchange rate traps.
⚠ A single exchange of more than 500,000 HKD needs to be declared, it is recommended to operate in batches.
2. Binance/Kraken → Overseas bank card (medium amount)
Suitable for: 100,000-1 million U, hoping to balance safety and convenience.
Operation process:
Step 1: Convert U to EUR/USD on Kraken/Coinbase.
Step 2: Withdraw to digital banks such as Wise/Revolut, and then transfer to Hong Kong/Singapore accounts.
Step 3: Remit back to China via bank telegraphic transfer (single transaction is recommended to be ≤ 50,000 USD).
Key points:
🔹 Give priority to European banks that support SEPA/SWIFT, and the handling fee is lower.
🔹 Avoid "quick in and quick out", and keeping a certain balance in the account can reduce the probability of risk control.
3. Binance C2C cash withdrawal (small amount of funds)
Suitable for: 10,000-100,000 U, pursuing fast arrival.
Safety strategy:
✅ Choose the right merchant:
Registration time > 2 years, number of completed orders > 5000.
Active transactions in the last 30 days, negative review rate <1%.
Give priority to merchants with "T+1 arrival" (cleaner funds).
✅ Transaction specifications:
Complete the entire process within the exchange, and never trade offline.
It is recommended to use non-salary cards and non-mortgage cards for the receiving bank card (reducing associated risks).
Withdraw in batches after arrival to avoid "one entry and one exit".
⚠ High-risk minefield:
OKX Some merchants: The proportion of black money is relatively high, try to avoid it.
Transactions late at night/early morning: Easy to trigger bank anti-money laundering risk control.
Private transactions on TG/WeChat: 99% are scammers, and the security of funds is zero.
3. How to deal with bank risk control and card freezing?
1. Common reasons for card freezing
Received involved funds (telecommunications fraud, gambling, etc.).
The bank card has not been used for a long time, and a large amount of money suddenly arrives.
Frequent "decentralized transfer in and centralized transfer out" (suspected money laundering).
2. Unfreezing strategy
Contact the bank: Provide transaction records and exchange withdrawal vouchers.
Cooperate with the police: If judicial freezing is involved, it is necessary to prove the legitimacy of the source of funds (such as holding currency screenshots and transaction records).
Legal avenues: If necessary, entrust a lawyer to handle the matter and avoid being passive.
3. Preventive measures
Maintain the card: Maintain bank card transactions and purchase financial management/fixed deposits.
Multiple card rotation: Do not use the same card to receive payments.
Delay withdrawal: After C2C arrives, use the funds a few days later.
4. Ultimate suggestion: Cash withdrawal strategies vary from person to person
Small amount (10,000-100,000): Binance C2C + multiple card distribution.
Medium amount (100,000-1 million): Kraken → Wise → Overseas bank → Return to China in batches.
Large amount (1 million+): Hong Kong exchange/compliant institution custody.
Remember: Making money in the crypto world is a skill, but safe cash withdrawal is the real winner! If you still have questions, feel free to send a private message to communicate, but I will never recommend any irregular channels, and beware of being deceived!
1. Core principle of cash withdrawal: Safety first
Avoid OTC black money: 90% of card freezing is due to receiving involved funds. Be sure to choose reputable channels.
Compliance first: For large amounts of funds (1 million+), it is recommended to go through Hong Kong/overseas banks to reduce domestic regulatory risks.
Decentralized operation: Do not withdraw a large amount of money at one time. Conducting it in batches can reduce the probability of risk control.
2. Comparison and practical guide of mainstream cash withdrawal methods
1. Hong Kong/Overseas Exchange (suitable for large amounts of funds)
Suitable for: People with more than 1 million U, pursuing low-risk and compliant cash withdrawal.
Operation steps:
Step 1: Transfer U to a compliant exchange (such as Kraken, Coinbase).
Step 2: Convert to USD/HKD and withdraw to a Hong Kong bank account (such as ZA Bank, HSBC HK).
Step 3: Convert to RMB through a legitimate exchange company or bank channel (you need to provide proof of source of funds).
Advantages:
✅ The fund path is clear and meets the requirements of anti-money laundering (AML).
✅ The Hong Kong financial system has a high acceptance of cryptocurrency.
Risk warning:
⚠ Avoid street exchange shops to prevent running away or exchange rate traps.
⚠ A single exchange of more than 500,000 HKD needs to be declared, it is recommended to operate in batches.
2. Binance/Kraken → Overseas bank card (medium amount)
Suitable for: 100,000-1 million U, hoping to balance safety and convenience.
Operation process:
Step 1: Convert U to EUR/USD on Kraken/Coinbase.
Step 2: Withdraw to digital banks such as Wise/Revolut, and then transfer to Hong Kong/Singapore accounts.
Step 3: Remit back to China via bank telegraphic transfer (single transaction is recommended to be ≤ 50,000 USD).
Key points:
🔹 Give priority to European banks that support SEPA/SWIFT, and the handling fee is lower.
🔹 Avoid "quick in and quick out", and keeping a certain balance in the account can reduce the probability of risk control.
3. Binance C2C cash withdrawal (small amount of funds)
Suitable for: 10,000-100,000 U, pursuing fast arrival.
Safety strategy:
✅ Choose the right merchant:
Registration time > 2 years, number of completed orders > 5000.
Active transactions in the last 30 days, negative review rate <1%.
Give priority to merchants with "T+1 arrival" (cleaner funds).
✅ Transaction specifications:
Complete the entire process within the exchange, and never trade offline.
It is recommended to use non-salary cards and non-mortgage cards for the receiving bank card (reducing associated risks).
Withdraw in batches after arrival to avoid "one entry and one exit".
⚠ High-risk minefield:
OKX Some merchants: The proportion of black money is relatively high, try to avoid it.
Transactions late at night/early morning: Easy to trigger bank anti-money laundering risk control.
Private transactions on TG/WeChat: 99% are scammers, and the security of funds is zero.
3. How to deal with bank risk control and card freezing?
1. Common reasons for card freezing
Received involved funds (telecommunications fraud, gambling, etc.).
The bank card has not been used for a long time, and a large amount of money suddenly arrives.
Frequent "decentralized transfer in and centralized transfer out" (suspected money laundering).
2. Unfreezing strategy
Contact the bank: Provide transaction records and exchange withdrawal vouchers.
Cooperate with the police: If judicial freezing is involved, it is necessary to prove the legitimacy of the source of funds (such as holding currency screenshots and transaction records).
Legal avenues: If necessary, entrust a lawyer to handle the matter and avoid being passive.
3. Preventive measures
Maintain the card: Maintain bank card transactions and purchase financial management/fixed deposits.
Multiple card rotation: Do not use the same card to receive payments.
Delay withdrawal: After C2C arrives, use the funds a few days later.
4. Ultimate suggestion: Cash withdrawal strategies vary from person to person
Small amount (10,000-100,000): Binance C2C + multiple card distribution.
Medium amount (100,000-1 million): Kraken → Wise → Overseas bank → Return to China in batches.
Large amount (1 million+): Hong Kong exchange/compliant institution custody.
Remember: Making money in the crypto world is a skill, but safe cash withdrawal is the real winner! If you still have questions, feel free to send a private message to communicate, but I will never recommend any irregular channels, and beware of being deceived!
