Let me clarify: banks do not monitor every individual’s account on a daily basis, but if your operations cross the red line, the system alarm will sound immediately. For example, if you suddenly receive a transfer of hundreds of thousands, with a note saying 'virtual currency'; or if you have dozens of transactions of tens of thousands within a month, all from different personal accounts, it would be surprising if the bank did not investigate you.
What’s worse is encountering 'dirty' money. Some people seek to earn a few extra points by specifically trading with merchants who offer prices 1% or 2% higher than the market rate, unaware that this money may likely be dirty money obtained from scams or gambling. Just after transferring the money to a bank card, the police might come knocking. At best, the account could be frozen for six months, and you'd have to provide various transaction proofs; at worst, you could be charged with 'concealing and disguising criminal proceeds' and end up facing prison time. There was a case last year where someone just helped transfer a few virtual currency transactions and earned a few thousand in fees, ultimately being sentenced to two years.
Some believe that offline cash transactions are safe, but in fact, the risks are higher. You have no idea who the other party is; if you encounter a robbery, or if the other party accuses you of fraud after the transaction, you’ll regret it too late. Some people also blindly trust so-called 'score running platforms', thinking that transferring money through these platforms can avoid regulation, but these platforms are illegal themselves, and once investigated, all related accounts will be frozen.
So how can withdrawals be safe? Remember these principles:
First, only transact with people you know and can verify their identity. It is best to deal with friends you know in real life, who you understand well and know the source of their money is clean.
Second, withdraw small amounts multiple times, dispersing the withdrawals. Do not think about withdrawing all your money at once; keep each withdrawal amount under 50,000, no more than 10 times a month, and rotate using different bank cards.
Third, avoid frequent transactions. Do not withdraw today and recharge tomorrow; such operations can easily be deemed 'suspicious transactions' by banks. It is best to wait a period of time before making transactions, such as withdrawing once or twice a month.
Fourth, do not use commonly used cards such as salary cards or mortgage cards for withdrawals. It is better to open a less frequently used bank card, use it sparingly, and quickly transfer the money to another account after withdrawal, or use it for investment or consumption. Do not let large sums of money stay on the card for a long time.
In fact, whether the bank investigates or not largely depends on whether your money is clean and your operations are normal. As long as the money is earned through legitimate channels, transaction records are clear, and operations are reasonable, there is no need to worry too much. What’s frightening is having a mindset of taking shortcuts, always wanting to gain a small advantage, which can ultimately lead to one's downfall.
Making money in the cryptocurrency space is not easy, so when withdrawing, it must be done with caution. It’s okay to be slow; securing the money is the real gain. Do not let momentary greed ruin all your previous efforts; it is not worth it.
