Today, let's talk about the traps of withdrawing funds, especially the traps that one can easily fall into during the process of selling USDT for RMB.
1. Be careful with large withdrawals that trigger the bank's risk control.
If you received 5 million from selling USDT, the bank will not only call to confirm the source of the funds, but may even come to visit you to 'take care of you'—promoting wealth management, insurance, trusts, and inviting you to become a VIP client.
If you cannot clearly explain the source of the funds, risk control may intervene at any time.
2. The risks of selling USDT not only relate to the security of the funds but also to legal risks.
The likelihood of encountering dirty money when selling USDT far exceeds your imagination, categorized by the level of involvement:
Level 3 dirty money: Accounts frozen for at least 3 days; large amounts can start with a half-year freeze.
Level 2 dirty money: Frozen for 6 months, may be confiscated.
Level 1 dirty money: Suspected of concealing criminal profits, starting with a criminal risk of 3 years!
3. How to withdraw funds safely? Remember these points.
Do not be greedy for cheap offers.
If you see a sell order for USDT on an OTC platform that is significantly higher than the market price, for example, the market price is 7 yuan, and someone offers 7.5 yuan, it is very likely to be a fishing order or dirty money; make sure not to accept it.
Do not seek out unknown USDT traders.
Try to avoid unknown platforms and private USDT traders, and definitely do not conduct cash transactions offline, as it is easy to be targeted and may pose personal security risks.
Find trustworthy people for small and multiple transactions.
You must verify the source of the funds before receiving:
Do not keep the liquidated funds for too short a time (at least liquidate for 2-3 days).
The flow of transactions should not be too frequent (for example, receiving and transferring funds frequently).
Withdraw in batches, take it easy.