I entered the crypto market in 2016, focusing solely on contracts. I got into the crypto space because my uncle invested tens of millions in buying mining machines. In the past, banks were not strict with capital transactions. Large withdrawals of millions went unnoticed, and I had never been banned. After 2020, regulations became stricter, and I got banned once, but it was automatically lifted after a week.
Let me share my experience with withdrawing USD. Generally, there are three methods for large withdrawals.
1: Get an HSBC Hong Kong card, directly withdraw to the Hong Kong card through BN, then invest in Hong Kong stocks to let it settle for a while!
2: You can also directly withdraw USD through HSBC's offline guarantee. Many banks in Hong Kong offer this service, as long as it's not black money. HSBC guarantees a direct output to institutions, with a loss of about 12%.
3: Find merchants selling luxury cars and watches to withdraw USD. The benefit of this is that you can receive cash, making it less likely to attract attention. For example, for a million-dollar watch, you transfer USD to them, receive the watch, and after a month, you can let them buy it back at 88% of the original price. You can receive cash, or directly let them transfer it. Their funds are unlikely to be frozen. If they are frozen, it's probably because your transaction history is low, and suddenly having a large amount of money coming in raises red flags at the bank. In such cases, providing proof of the watch sale will usually resolve the issue.
These three methods are commonly used by people I know for large withdrawals, suitable for capital amounts starting from tens of millions.
For someone like me who trades contracts, I've walked through a bloody path. I experienced the big bull market after the 94 market crash, the big drop in 925 where I shorted, and the halving event in January 2020 where my capital multiplied several hundred times. Later, during the 312 event, I shorted at 6500 and bought back at 6200, setting a stop loss at 5900. At that time, Bitcoin at 6000 was considered a strong low, but the US stock market circuit breaker caused a crash in the crypto market, breaking through the strong low, and my stop loss was not triggered. At that time, I was using a 50x leverage with a 30% position. Due to the extreme market conditions, my stop loss was not triggered, and I directly faced liquidation... After so many years of laboring in the crypto market, my account went to zero! Since then, I generally do not keep more than 50,000 USD on platforms. If I keep more, the position control will get out of hand. If I don’t withdraw, I’ll basically lose it all back, so once my profits exceed this amount, I withdraw. Withdrawals are quite frequent; I will share my daily withdrawal experience.
1: First, prepare two cards; I prepared three! I have a Ping An Gold Card, a China Merchants Business Card, and an Agricultural Bank Gold Card. For withdrawals under 100,000, I always withdraw to the China Merchants card. After withdrawing, I let this money sit for 7 days. If it’s not frozen within 7 days, I transfer it to the Ping An card for another three days, then transfer several thousand to the Agricultural Bank for daily expenses.
2: For withdrawals around 200,000, I use a credit card. My credit card happens to have this limit. Before withdrawing, I clear the credit card balance, and then withdraw directly into the credit card. This method is the safest because the bank won’t freeze your repayment. If they do freeze it, it’s considered your own fault.
3: For withdrawals over 300,000, I withdraw directly to my HSBC Hong Kong card.
Opportunity is here; assets have doubled! Follow Biao Ge closely, and easily make big money.
Continued attention: REI, KERNEL
