For many, the difficulty of turning around in the cryptocurrency market is actually less than safely withdrawing funds. Many people make money, but few manage to secure it safely. Especially for friends who earn 1 million for the first time, if mishandled, even a single oversight could lead to giving back the hard-earned profits.
Here are a few practical and effective tips:
1. Withdraw in batches; don’t take everything out at once
Withdrawing a large amount at once can easily trigger risk controls at the exchange, even leading to additional reviews, causing delays in fund arrival. It is advisable to withdraw over several days and in smaller amounts, like withdrawing 100,000 to 300,000 daily to reduce risk.
2. First convert to stablecoins, then withdraw to C2C/over-the-counter
The market is highly volatile; you might have 1 million today, and it could shrink tomorrow. Before withdrawing, first convert to stablecoins like USDT/USDC, then sell through C2C (over-the-counter) exchanges to your bank card to lock in profits.
3. Use a receiving account that matches your real-name authentication
Exchanges prioritize fund security and compliance during reviews. The bank card, Alipay, or WeChat account you bind must match your real-name account; otherwise, you risk being flagged or frozen.
4. Diversify platforms; don’t concentrate on a single exchange
Even with top exchanges, it is advisable not to concentrate all your assets. You can split your holdings across two or three exchanges and withdraw in batches, so even if one platform has issues, it doesn’t affect the safety of all your funds.
5. Align withdrawal timing with your life
Many people withdraw everything at once, and when their account suddenly has millions, they might impulsively spend or re-enter the market hoping to double their money, only to end up losing it all. The safest approach is to first withdraw a portion to improve your life; the other part should be gradually secured.
6. Leave some emergency funds in the cryptocurrency market
Don't sell everything at once; keep 5%-10% of your principal in the market. This way, you can stay alert to market trends and seize new opportunities, but don't use your profits to heavily invest again.
Summary:
In the cryptocurrency market, true victory is not about how much you earn, but about safely securing your profits. Having 1 million arrive in your bank account is the only 1 million that truly belongs to you. Always remember that the tail end of a bull market and your last moment of 'fully invested anticipation' often only differ by one step, which is getting trapped.
