Preface:
Making profits in the cryptocurrency market is exhilarating, but many friends may overlook a crucial aspect: safe withdrawals. Last year, I encountered card freezing during my first large withdrawal (800,000 RMB), and it took a lot of effort to get it unblocked. This experience, bought with real money, I hope can help everyone effectively avoid risks when trading on Binance or other platforms, ensuring profits are safely secured.
Core lesson: The risk of withdrawal is much higher than the risk of trading!
🔥 Three things to do before withdrawal (compliance basics):
Strictly review trading counterparties (top priority!):
Reject 'three no' users: Absolutely avoid trading partners who are not real-name verified, have no historical trading records, or have blank account information.
Require proof of the source of funds: Be sure to ask the other party to provide recent bank statement screenshots (key information can be obscured), clearly showing the source of funds (such as salary, investment earnings, legal transfers, etc.). Unknown sources of funds are the biggest risk point!
Prioritize choosing platform-certified merchants/high credit users: When conducting OTC transactions at large exchanges like Binance, be sure to prioritize platform-officially certified merchants or users with high credit ratings and long trading histories. Never trade with high-risk unfamiliar accounts just for small price differences!
Completely retain evidence of the entire trading chain (key to rights protection):
Communication records: Save the complete chat records from price inquiries, negotiations to the final transaction (on the platform or third-party communication tools).
Platform order proof: Clearly screenshot and save the order details page of the trading platform, focusing on marking the transaction time, amount, both account information, and the flow of funds.
Key operation screen recording: It is strongly recommended to record the entire process when confirming trades and releasing funds on platforms like Binance OTC. This is strong evidence of the authenticity of the trade and your compliance with operations.
Timely and permanent backup of transaction records (timeliness trap):
Beware of records expiring! Order records on exchanges like Binance usually have a retention period (e.g., 6 months or 1 year). Once the withdrawal is complete, be sure to download the complete order PDF or CSV file within 24 hours.
Secure cloud storage: Encrypt the downloaded transaction proof and back it up in reliable cloud storage like Baidu Cloud or Google Drive to prevent loss of evidence due to local device loss or damage.
❌ Extremely risky behaviors that easily trigger risk control/frozen card:
Accepting 'over-the-counter direct exchange' (like directly exchanging USDT for RMB) not facilitated by the platform: High risk of receiving 'dirty money' outside of platform regulation!
Using a regular savings card/salary card for withdrawals: It is strongly recommended to obtain a bank card specifically for cryptocurrency withdrawals to isolate risks!
Immediately transferring out large amounts or making dispersed transfers after withdrawal: Let the funds stay in the account for at least 24 hours to avoid triggering the bank's abnormal transaction model.
Feeling helpless after encountering a frozen card: Contact the bank where the account was opened to understand the reason for the freeze and the unfreezing process, and actively contact the local public security agency to cooperate with the investigation, providing all the saved transaction evidence clearly and completely. At the same time, contact Binance customer service for assistance (if needed).
💡 Personal experience and heartfelt words:
After that thawing, I 'cooled' the 800,000 funds in the card for three months before daring to use them, and the anxiety and unease during that period are hard to describe. Profits in the crypto circle are hard-earned; don't let the wealth you've painstakingly earned become 'risk assets' or even lead to legal troubles due to careless withdrawals.
Conclusion:
Navigating the world of cryptocurrency, safety is always the top priority. Choosing reputable and strictly regulated platforms like Binance for OTC trading and strictly adhering to safe withdrawal norms is crucial to protect one's rights and interests. I hope my lessons can serve as a warning to everyone, achieving true 'profit freedom' #CryptoCircle
