Recently, a friend of mine had bad luck with withdrawals; 100 assets were frozen, and he spent half a year in trouble. The waters of withdrawal in the cryptocurrency world are too deep and difficult! Many friends have asked me how to safely withdraw their money, so today I will share a few practical tips.

If you have made a fortune in the cryptocurrency world and hold 10 million U and want to cash out, how do you operate?

Hong Kong Withdrawal Methods

You can directly go to Hong Kong to exchange currency, but remember: don't be greedy and carry too much U in one go; split it into multiple actions to control risks. Also, exchange shops on the streets of Hong Kong are mixed; most are unofficial channels, so stay alert to prevent shopkeepers from taking your U and disappearing.

Bank Card Application Path

Follow the route of Binance → Kraken → bank card. First, transfer U from Binance to Kraken, exchange it for USD, and then withdraw it to an overseas account like ZHONGAN Bank. The key is to prepare an overseas bank card in advance; the process may be a bit complicated, but overall safety is more assured.

Binance C2C Withdrawal Key Points

1. Choose the Right Exchange: Don't touch certain European exchanges; they are filled with dirty money and high risks. Once involved, the consequences are unimaginable.

2. Carefully Choose Merchants: Prioritize those registered for over 2 years; the more transactions they have, the more reliable their reputation. Avoid those with extreme transaction patterns in the last 30 days, steering clear of frequently trading merchants who appear 'restless' to prevent pitfalls.

3. Real-name Transparent Transactions: All payment and receipt processes must be completed within the exchange. Do not use opaque channels like offline cash or TG. Offline transactions are like a 'trap jungle'; scams and RMB theft are common, with real cases of people being convicted of robbery. Don't let your guard down.

Strategies for Large Withdrawals Against Bank Risk Control

1. Understand the Reasons for Risk Control: When withdrawing funds, frozen assets and bank risk control are like 'ghosts', causing headaches. Long-term idle, low-flow bank cards are prone to 'collisions' that trigger risk control, but this is quite random; there are cases where a million remittance goes smoothly and others where a small amount of 70,000 is targeted.

2. Prevention Tips: Don't engage in 'quick in and out' 'blitzkrieg' fund operations, avoid suspicious patterns such as multiple deposits and a single withdrawal or a single deposit with multiple withdrawals. Avoid large transactions late at night, as it can easily trigger anti-money laundering 'alerts'. Keep some balance in your account and invest in financial products to keep the account 'active'. If you don't urgently need money, don't hastily withdraw large amounts.

3. Risk Control Response Strategy: If you are 'locked' by risk control, don't panic. Quickly contact the remitter and cooperate with the bank's appeal. The bank's intention is to ensure the safety of funds; as long as we are acting correctly and have complete information, a normal appeal can usually resolve the issue smoothly.