Recently, news of 'college students making millions from trading coins, facing police investigation when withdrawing' has gone viral. The coin market seems tempting for cashing out, but it actually hides three major risks: black money, risk control, and legal issues. A moment of carelessness could lead to trouble with earnings, or even imprisonment. This pitfall avoidance guide is a must-read:
1. First, see clearly: 3 levels of black money minefields, touching them will explode!
• Level 1 Black Money (High Risk): Involved in serious crimes like fraud and money laundering, receiving it may lead to criminal detention and asset seizure, with a maximum sentence of 10 years.
• Level 2 Black Money (Medium Risk): Often comes from gambling and gray industries, accounts may be judicially frozen for at least 6 months, making it difficult to recover principal, and cooperation in investigations may be required.
• Level 3 Black Money (Common Risk): 90% chance of encountering this in platform transactions; abnormal transactions trigger a 3-day freeze, affecting personal credit.
2. Newcomers must avoid: 3 deadly cash-out traps
• High premium temptation: If the USDT price is more than 5% above the market price (e.g., selling 1 USDT for 7.5 CNY when the market price is 7 CNY), it is likely to be black money, and players have already been involved with illegal funds because of this.
• Offline cash transactions: There was a case in Hangzhou where 2 million USDT was robbed during an in-person transaction, with no third-party guarantee, making rights protection almost impossible.
• Hard exchange with Hong Kong cards: Forcibly exchanging currency without proof of foreign income can easily trigger 'abnormal capital item' warnings, and accounts may be permanently frozen.
Three, safe withdrawal: 3 effective strategies tested in practice
1. Transactions with acquaintances: Follow 3 iron rules
• Receive money before releasing coins: Refuse 'release coins before transferring money' to avoid losing both money and goods;
• Check the other party's transaction history: Request to provide bank statements from the last 3 days, avoid large transfers at midnight and fast in-and-out 'problematic accounts';
• Small test orders: First transaction ≤ 100,000 USDT, confirm safety before scaling up.
2. Ants moving house: Spread out to reduce risk
• Separate accounts: Use family and friends' bank cards (each person has a yearly foreign exchange limit of 50,000) to disperse cash-out, with each card limited to ≤ 200,000 per day;
• Multiple platforms: Operate across multiple platforms like Binance and OKX to avoid being flagged for large cash-outs on a single platform;
• Separate scenarios: Sell USDT funds should first be transferred to a digital RMB wallet, then withdrawn to a bank card, simulating normal financial flows.
3. Countermeasures: 3 anti-routine techniques
• Do not transfer round numbers: Amounts should avoid round numbers like 100,000, 500,000, etc., using figures close to real consumption like 98,000 or 493,000 instead;
• Transaction hedging: Use 30% of funds within 24 hours to pay mortgage or buy financial products to reduce money laundering suspicion;
• Follow compliant channels: Convert USDT through legal channels such as gold ETFs and Hong Kong stock IPOs to reduce the risk of direct deposits and withdrawals.
Final reminder: The key to protecting your money is restraint!
Making money in the coin market relies on understanding, and safe withdrawals depend on restraint. Monthly withdrawals should not exceed 30% of total transaction volume, and avoid 'high-yield shortcuts'—when a transaction seems 'too good to be true,' it often is a trap. Only through compliant operations can you protect your hard-earned money!
