Terrifying Experience of Withdrawals in the Crypto World! Almost Had My "Whole Family's Card Frozen", Thousands of Dollars in Blood and Tears!
Did you think trading cryptocurrencies is just about market fluctuations? Wrong! The real risk actually lies at the moment of withdrawal! I have personally experienced it, and I still feel uneasy about it.
In May 2020, I traded a certain token on an exchange, thinking the money would safely arrive in my bank account. But a few days later, when I went to the supermarket to buy something, my bank card couldn’t be used, and third-party payments were also unavailable—I was completely stunned; all my cards were frozen! Not only was my own card affected, but even my third-party accounts were frozen, and I couldn’t do anything at all.
Fortunately, I didn't touch any illegal channels, at most just traded crypto for USDT. I contacted an “uncle” in Anhui, and he told me over the phone: there was an issue with a transaction that affected my card, and it needed to be resolved. During the pandemic, he didn’t require me to go out of province but just asked me to submit materials to explain the situation.
I organized all my transaction records, OTC chat records, trading flow, and proof of income, and sent them over one by one. I thought: with all the materials in order, there would definitely be no issue.
However, the plot took a turn—my uncle told me: trading crypto is not protected, and that money must be compensated to the “victim”! It meant that even though I hadn’t broken the law, I was forced to bear the responsibility. With no choice, I had to accept it. A few days later, my card was finally unfrozen.
That experience made me fully understand: making money in the crypto world is easy, but withdrawals are a life-and-death test. In the following years, I summarized a few key experiences:
1️⃣ Legal and compliant: Do not touch gray market OTC or illegal channels.
2️⃣ Withdraw in batches: Do not concentrate funds in one card or one channel.
3️⃣ Keep complete transaction records: Being able to prove your innocence in times of trouble is more important than anything.
4️⃣ Respond calmly: Freezing is not the end of the world; having a psychological plan is essential.
The lessons are painful, and the experiences are costly. The thrill of making money in the crypto world is exhilarating, but the risk of withdrawals tests your courage, wisdom, and preparation! If you want to live with peace of mind in the crypto world, you must not only pay attention to market trends but also understand how to protect your wallet.
Finally, I wish that everyone who likes, bookmarks, and follows this article can reap abundant rewards in this bull market!
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