If one day you make a lifetime's worth of money through contract leverage in the crypto world
And you are in the country
How can you safely withdraw your funds?
Brothers, today let's talk about the pitfalls of selling USDT for withdrawal!
Risks of Selling USDT
Selling USDT on platforms carries a significant risk of encountering dirty money, which can be categorized as follows:
Level 3 Dirty Money: Accounts are likely to be frozen for 30 days, and if the amount is large, it may be frozen for six months.
Level 2 Dirty Money: Accounts can be frozen for a minimum of six months, and funds may even be confiscated.
Level 1 Dirty Money: Involves concealing criminal proceeds, with a minimum of three years!
How to Avoid Risks?
Don’t be greedy for cheap: If the price for buying USDT is absurdly low, or the selling price is unusually high (for example, if the market price is 7 yuan, and you sell for 7.5 yuan), trading under these obviously abnormal circumstances can have serious consequences.
Don’t go to platforms or look for USDT dealers: Avoid offline cash transactions as they are often risky and can endanger personal safety.
Safe Withdrawal Methods
Trade with familiar and reliable people: It’s best if the other party pays you first, and then you give them USDT. After receiving the money, verify the funds; if the funds have been stagnant for more than three days, or if there are too many frequent transactions, do not accept them.
Withdraw slowly: For example, if you want to withdraw 10 million, you can use Alipay to withdraw about 200,000 each day; being anxious can lead to mistakes.
If possible, avoid using bank cards: Selling in Hong Kong dollars can be troublesome, requiring qualifications, paperwork, and special channels; do not try it easily without understanding.
Bank Risk Control
Small amount: Banks generally will not question it.
Large amount: If your card receives too much money daily, it may be restricted from non-counter transactions, and you can only withdraw cash at the counter.
Clean background: If the money earned from selling coins is clean, the bank will not ask too many questions.
Having a “criminal record”: Banks will investigate very thoroughly.
Summary
Selling USDT for withdrawal carries significant risks; never be greedy for cheap deals or seek convenience. Trade with reliable people, withdraw slowly, and avoid being subjected to bank risk control or getting involved in dirty money. Brothers, be steady and prioritize safety!
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