A friend who's new to digital assets complained late at night, "I just converted my coins into cash, and my bank card was frozen for 72 hours. It's so frustrating!" Based on many real-life experiences, I've compiled these tips for safe cashing out that can help you avoid trouble. I recommend saving them for future use.
OTC Trading Security Guidelines
1. Platform Selection
• Be sure to choose a trading platform that's well-known in the industry, has a long history, and possesses the relevant qualifications.
• Prioritize platforms that offer delayed fund release mechanisms (such as T+1 or T+2). Although this delays the release time, it provides greater security.
2. Bank Card Usage Tips
• Always have a separate bank card specifically for cryptocurrency trading, strictly separate from the one you use for payroll and daily expenses to avoid interference.
• When choosing a bank, local banks are a good choice, while large national banks, due to their stricter risk management, are less suitable.
3. Transactional Don'ts
• Avoid frequent transactions with the same merchant. More than three transactions per day are considered high-risk behavior and should be avoided as much as possible.
• After receiving funds, never transfer them immediately. Leave them in your bank account for at least 24 hours.
• When trading, choose mainstream digital assets with strong market acceptance. Niche stablecoins carry higher risks.
4. Advanced Operations
• It's best to trade between 9:00 AM and 9:00 PM on weekdays, as this is a relatively safe time.
• After receiving funds, if you need cash, withdraw them from an ATM or use them directly for daily purchases.
• Limit your monthly transactions to no more than three. If a single transaction exceeds 50,000 yuan, the likelihood of being subject to risk control is lower. $BTC
