Newbie withdrawals, the three biggest pitfalls to avoid
In recent years, I've seen too many people fail on their withdrawal journeys, especially newcomers, who often fall into these three scenarios:
1. High Premium Temptation
Seeing "U price 7.5, 0.5 higher than market price", some think they've found a bargain, only to discover their account has been frozen after receiving the money.
Don't be naive; that’s a money laundering gang 'cleaning' dirty money.
As soon as the premium exceeds 3%, you should be alert. The more a transaction seems profitable, the more likely it's a trap.
2. Offline Cash Transactions
Many people think face-to-face transactions are safer, but they end up falling into the biggest pit. In a 2024 offline transaction case in Hangzhou, someone handed over 2 million USDT in person, and just after receiving the money, they were robbed by the other party's gang, even wielding a knife, almost resulting in a fatality. Offline transactions have no guarantees; the other party can be both the buyer and the robber.
When issues arise, it's impossible to find evidence.
3. Large Amounts of Settlement with Hong Kong Cards
In the past, many people used Hong Kong bank cards for withdrawals, thinking "offshore accounts are safer". One of my friends got into trouble because of this: settling 500,000 HKD at once was flagged by the bank as "abnormal under capital items", and his account was permanently frozen.
Now, large settlements must provide legal sources of income; Hong Kong cards are no longer a universal solution.
