Earning 1 million in the crypto world is just the beginning; **how to safely and legally 'cash out' is the real challenge!** The withdrawal process is fraught with traps: funds may be frozen, you could be scammed, and personal safety may even be at risk. This guide helps you avoid risks and withdraw safely!
Detailed explanation of three major mainstream safe withdrawal methods:
1. Personally go to Hong Kong to exchange cash (suitable for friends who can cross the border)
*How to do it:** Bring your USDT and find a** reputable, long-established** currency exchange shop in Hong Kong to convert to RMB or HKD cash.
*Key safety point:**
*Exchange in batches! Don’t exchange all at once!** It's better to exchange a few tens of thousands each time to avoid drawing too much attention when crossing the border.
*Choose established shops! Check their reputation!** Always inquire about the shop's credibility before exchanging, beware of black shops that scam people.
*Cross the border discreetly!** Be cautious after exchanging money and avoid showing wealth.
2. Withdraw using overseas bank cards (the most secure recommendation!)
*How to do it:**
1. Prepare your card in advance: Set up an overseas bank card that supports cryptocurrency withdrawals (such as Hong Kong Zhong An Bank, or banks in Singapore or the USA).
2. Transfer coins to overseas exchanges: Transfer USDT from domestic exchanges to major overseas platforms (like Kraken).
3. Sell coins for foreign currency: Sell USDT on overseas exchanges and convert it to USD/HKD or other foreign currencies.
4. Withdraw to overseas cards: Withdraw foreign currency to your overseas bank card that you have set up.
*Key safety point:**
*Prepare in advance!** Make sure your bank card is ready beforehand; don’t wait until you need it to rush.
*Compare fees!** Different banks and exchanges have significant differences in fees and exchange rates, so compare and choose the most cost-effective.
*Follow the proper procedures!** Operate throughout in compliant exchanges and banks, the safest way.
3. Sell coins on Binance using C2C (commonly used, but be careful!)
*How to do it:** List an order in the 'C2C trading' area of the Binance APP, sell USDT to the merchants receiving coins, and the money will go directly to your Alipay/WeChat/bank card.
*Key safety point (scam prevention focus!):
*Only choose large merchants!** Look for those** with complete real-name authentication, high transaction volume, and long operating time** of established merchants.
*Three absolutes!**
*Never meet for transactions!** Anyone asking to meet offline is 100% a scammer!
*Never accept cash!** Those who demand cash transactions have issues!
*Never transfer money privately!** If a merchant asks you to transfer money to them privately via WeChat/Alipay, don't believe it! Only complete transactions within the Binance platform!
*Beware of community trading!** Don't trade with people found in group chats like Telegram, the risks are extremely high!
⚠️ Major risk warning for withdrawals ⚠️
*Carrying cash = high risk!** Carrying a large amount of cash is very dangerous and prone to robbery! Personal safety comes first!
*Going down the dark road = frozen funds + imprisonment!** Using illegal channels or money from unknown bank cards to receive funds will definitely freeze your money and may also lead to legal trouble!
*Violating regulations = police at your door!** Any non-compliant withdrawal behavior may attract police investigation!
📌 Ultimate summary for safe withdrawals 📌
1. Prefer overseas cards! Prepare your overseas bank card in advance and withdraw through exchanges, the safest and most worry-free option.
2. Be selective with C2C merchants! Only trade within the Binance platform, **strictly select large merchants**, **never go offline/private**.
3. Diversify cash exchanges in Hong Kong! If you can go to Hong Kong, find established shops and **exchange in multiple small amounts**, remain low-key when crossing the border.
4. Don't rush; safety comes first! Seek stability in withdrawals, not speed, and don’t make large transfers immediately after your money arrives.
💰 Making money in the crypto world is not easy; withdrawing requires extreme caution! Remember the risks, operate rationally, and choose safe and compliant paths to truly turn digital wealth into real money in your pocket. Don't seek convenience at the expense of greater losses!