There are always people who like to withdraw coins from their wallets to exchange for trading.

Thinking that using virtual currency is very safe,

In fact, you are not safe.

If you withdraw coins to an exchange, any day your wallet address is involved in a case, the authorities will investigate the transaction records on the blockchain and can identify you, then issue a letter to the exchange to obtain your real information and directly come to you.

Even if you are not involved in a case, withdrawing coins from a risky address to an exchange will also trigger risk control by the exchange, limiting your ability to withdraw coins.

Today's article topic:

1. Do not let your 'wallet address' have any connection with the exchange;

2. Do not let your bank account (payment B, WeChat) have any connection with the platform.


First, clarify the difference between a virtual currency wallet and an exchange.

Wallets are decentralized, and registration does not require any of your identification information or phone number. Your virtual currency assets are on the blockchain, and no one can move them unless they obtain your mnemonic phrase and private key. The wallets mentioned here refer to TP, IM, Little Fox, and other cryptocurrency wallets, not those shady exchange wallets.

Exchanges are centralized and have all your real-name information; any person or institution has the obligation to cooperate with the authorities for investigation and evidence collection. Even if the exchange is overseas, as long as the authorities issue an electronic cooperation letter, they will obediently cooperate and provide user data, and control user accounts.

All on-chain transactions are traceable!

Querying a wallet address does not provide a person's identity information, but an address must have transaction fees. For example, in the TRON blockchain, each address needs to receive a token called TRX when making the first transaction.

Theoretically, as long as you create a new address and transfer the stolen digital assets to this address, and never touch it for a lifetime, no one can know who you are. Just like Satoshi Nakamoto, who has a large amount of Bitcoin in an account and no one knows who he is. However, as soon as he makes a transaction, his identity will be revealed through big data analysis.

This is how the authorities solve cases. The TRX you transferred always has a flow direction, from where it was purchased. Continuous tracing can find this person. Why did you transfer TRX to someone else, what method did you use, and what chat software did you communicate with? Continuous tracing can find this person.

Then determine their identity. Therefore, blockchain is anonymous, but this feature has already been cracked by big data.

On-chain tracking and analysis are no longer a difficult task for the authorities.

So, do not let your 'wallet address' have any connection with the exchange.

If you really want to trade cryptocurrencies, the correct approach is to buy coins with RMB at the exchange, as the coins have a clean source.

There are always people who use bank cards (WeChat, payment B) to recharge and withdraw from gambling platforms. The result is either the withdrawal is frozen due to involvement in the case, or the recharge and risk account transactions trigger bank risk control, anti-fraud warnings, and inquiries from the authorities.

All receiving accounts on the platform are 'risky accounts' with large flows. Trading with different people can easily raise anti-fraud big data alerts and be listed as 'fraud-related accounts.'

At this point, if your account is associated with the other party, you will receive an anti-fraud warning. It’s very smart; even a single recharge can trigger a warning, and you’ll receive anti-fraud messages, as if someone is specifically monitoring you.

On the same day of the transaction, the authorities will call you, and if you don't answer, they will call your family.

Do not let your bank account (payment B, WeChat) have any connection with the platform. Otherwise, using a card for protective stop payment for a month or using Alipay or WeChat will trigger risk control, limiting your ability to receive and make payments.

If the backend platform is shut down, the authorities will also directly freeze your linked card and recover the involved funds.

Be a law-abiding citizen and stay away from all black and gray platforms.

Why freeze your card and call you?

Do you know what you have done?

Why are all of Tianji's accounts normal, and the authorities don't look for Tianji?

Right.

All your illegal activities can be traced under big data.