🧧 Today, send a big red envelope Big box
If you made a million, congratulations! But when taking money out of the crypto world safely, be cautious of card freezing, scams, or even personal safety issues. Remember these methods, especially for beginners:
1. Make a trip to Hong Kong to exchange cash.
How to do it: Bring your U (USDT) to Hong Kong and find a local store to exchange it for HKD or RMB.
Don't bring large amounts of cash across the border: it's easy to get checked, and the risk is high.
2. Use overseas bank cards to receive money (most stable, but needs preparation in advance)
How to do it:
1. Transfer U from Binance to foreign exchanges like Kraken.
2. Sell U at the exchange for USD.
3. Withdraw the money to your **pre-arranged overseas bank card (such as ZhongAn Bank in Hong Kong, or banks in Singapore, the US, etc. that support receiving money from selling cryptocurrencies).
Key:
The card must be arranged in advance: This is fundamental! Without an overseas card, this route won't work. Ensure the bank account is functioning normally.
Check exchange rates and fees: Different platforms and banks charge differently; compare prices, and don’t get charged too much.
Overall low risk: As long as operations are compliant, this is a relatively stable and safe method.
3. Find someone to buy on Binance C2C (commonly used, but be very careful)
How to do it: In the C2C trading area of the Binance APP, place an order to sell your U. Verified merchants will buy with RMB (or other currencies). Once the money arrives in your linked bank card, the transaction is complete.
Key:
Choose good merchants:
Check registration time: Choose merchants that have been operating for at least 2 years.
Check trading volume: Choose merchants with large and stable trading volume, don’t look for those with fluctuating or very low trading volumes.
Absolutely do not trade offline!
Don't use WeChat/Alipay for private transfers: there's no platform protection; if the other party receives U but doesn't transfer the money, or transfers dirty money that freezes your card, you have no recourse.
Don't trust trades in groups like Telegram: it's a den of scammers!
A painful lesson reminds us:
Robbery risk: Trading offline with cash or large amounts of U? It's like telling bad people 'Come rob me!' Your personal safety is at risk.
Frozen card/legal risks: If you receive dirty money, your bank card may instantly become useless, and you could be questioned by the police. Offline transactions may also be deemed illegal.
Summary for survival
1. Prioritize overseas cards: The most stable, prepare the card in advance.
2. Be selective in C2C merchants: Only use large platforms (only choose reputable, high-volume merchants, never trade offline).
3. When exchanging cash in Hong Kong, diversify: If you can go to Hong Kong, exchange in multiple small amounts.
4. Core principle: Safety first! Don’t be greedy for speed, don’t seek convenience. Use a small amount of money that you can afford to lose to test the waters and familiarize yourself with the process.
Risk of freezing
It’s best to use a dedicated bank card that only receives money from selling coins; don't mix it with your salary card or mortgage card! In case of freezing, it won't affect your life.
Making money in the crypto world is not easy, and withdrawing funds requires caution.
