Starting August 1st, it is illegal to exchange U at exchange shops in Hong Kong. This method is too outdated; you can directly receive cash 💰 from any country and city you specify.
顶级交易大师—豪
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🚨 In the crypto world, if you've made 1 million, how do you safely withdraw the money?
Don't rush to be happy after making 1 million! You might get your card frozen, be scammed, or even face personal safety issues. Newbies should be especially cautious ⚠️
🔥 Three common methods:
1️⃣ Withdraw cash overseas (exchange for cash in Hong Kong)
Take USDT to Hong Kong and find a currency exchange to convert to Hong Kong dollars/RMB.
⚠️ Never carry a large amount of cash through customs all at once; the risk is extremely high!
2️⃣ Overseas bank card (most stable, but needs to be arranged in advance)
👉 Process:
Transfer USDT from Binance to an overseas exchange (like Kraken)
Sell it for USD
Withdraw to an overseas bank card (Hong Kong, Singapore, USA are all fine)
✨ Key: The card must be set up in advance, compare fees and exchange rates.
Overall risk is low as long as you operate in compliance; it's the safest!
3️⃣ Binance C2C (commonly used, but choose merchants carefully)
List USDT for sale in the app, certified merchants transfer money to your bank card.
✅ Choose merchants with over 2 years of experience + high transaction volume
❌ Absolutely do not transfer money privately via WeChat/Alipay, and definitely avoid offline transactions!
Risks of being scammed, frozen cards, and dirty money = painful lessons.
⚡ Life-saving summary:
Prioritize overseas cards: the safest!
Only find experienced merchants for C2C with high transaction volume, complete transactions on the platform.
When exchanging cash in Hong Kong, do it in small batches; don’t go all in at once.
Dedicated bank card: only for receiving money from selling crypto, do not mix with your salary card, in case it gets frozen, it won't affect your livelihood.
💡 Core principle: Safety first! Don’t be greedy, don’t seek shortcuts. Test the waters with small amounts first, familiarize yourself with the process, then withdraw larger amounts.
Finally, I wish everyone who likes, bookmarks, and follows this article can reap great rewards in this bull market!
Stay tuned: $BTC $ETH $XRP bnb sol doge alpine prom prove tst bio om pengu bonk lista cookie
