In the cryptocurrency world, making money may not be the hardest part; the hardest part is - how to safely 'cash out' the money you've earned.
Many people work tirelessly to make a profit, but in the end, they stumble at the cashing out step, and if they're not careful, they risk having their accounts frozen or worse. Below are three methods I recommend for a safe cash out, suitable for different groups:
1️⃣ Manual cash out: Suitable for those who can make the trip in person.
If you're in mainland China or can easily go to Hong Kong, you can find a legitimate exchange point for offline transactions. It is recommended that the amount for each transaction does not exceed 20,000 RMB, and complete it in multiple transactions. Be sure to keep the receipts and transfer records. Note the customs regulations: cash cannot exceed 120,000 HKD or 20,000 RMB.
2️⃣ Using an overseas bank account: High safety factor.
Suitable for those who are not in a hurry for money and seek stability. Open an overseas bank account in advance (such as ZhongAn, HSBC, etc.), sell through a compliant exchange for USD/HKD, and then wire it back to mainland China. This method has a clear and legal fund path, suitable for large cash outs.
3️⃣ C2C platform cash out: Suitable for beginners.
If you don't want to fuss about, directly conduct C2C transactions on mainstream exchanges (choose merchants with a long operating time and good reputation) with platform guarantees throughout the process. As soon as the money arrives, withdraw it to your bank card immediately. Never use WeChat/Alipay for private transactions, and do not be greedy for high exchange rates - the risks are immense!
📌 Key reminder:
For the first cash out, it is advisable to start small, keeping all records! Confirm that the bank card has no issues before the funds arrive. Remember: only when the funds arrive is it truly safe.
In summary:
Making money relies on skill, cashing out relies on caution. It’s better to pay a little more in fees than to not go through legitimate channels. Only when the principal is safe can you have a chance to earn the next wave.
