Currently, the risks of cash transactions are increasing: various scams such as outright robbery, fake coins, and fake U are rampant. More critically, the source of cash or existing funds cannot be traced. Once it involves dirty money, regardless of whether the amount is 500, 50,000, or 5 million, it may be frozen. Frequent transactions will only increase the likelihood of receiving dirty money. It is recommended to plan your capital needs over a certain period in advance, choose a safe OTC merchant for a one-time withdrawal, and reduce the frequency of operations.
1. Recommended withdrawal methods
1. Binance C2C withdrawal
Choose an exchange: Prefer Binance, avoid using platforms like 'Oumou' (the latter has more dirty money, and the risks are higher).
Choose merchants and channels: Select compliant merchants with a long registration time and a large historical transaction volume to ensure the other party is real-name authenticated; transactions must be completed through official platforms, avoiding offline cash transactions or private transactions on social platforms.
Control frequency and amount: Avoid frequent large transactions, you can withdraw in batches to reduce risk control risks; if the account is frozen, contact customer service in a timely manner and provide proof materials to apply for recovery.
2. Withdraw from Hong Kong bank cards (e.g., ZA Bank)
Card application process: Apply online through Hong Kong banks like ZA Bank, the process is relatively simple, and you can convert to HKD after withdrawal; after cashing out, you can deposit into the bank card via ATM or consume directly.
Note: Avoid frequent large withdrawals, maintain low-frequency trading, and reduce risk control monitoring by exchanges and banks; focus on 'maintaining the card', normal daily use (rather than just for deposits and withdrawals), to lower the risk of operational anomalies.
3. VISA / MasterCard consumption (exchange card)
Function: Some exchanges offer VISA / MasterCard, which can directly convert cryptocurrencies into fiat currency for consumption.
Fees and security: High security, but pay attention to fees (e.g., cross-border transaction fees, withdrawal fees, etc.), specific fees should be understood in advance; consumption may involve exchange rate conversions, and costs should be judged based on card type and platform rules.
2. Core principles to avoid freezing and bank risk control
Withdraw in batches: Avoid large withdrawals at once, and perform multiple small operations.
Avoid related time periods: Try to avoid making large transactions at night or during holidays to reduce abnormal operation flags.
(Note: OTC merchants can only guarantee the safety of their own funds and cannot completely avoid bank risk control; proper operational planning is required.)
