In the cryptocurrency market, investing to earn significant profits is the goal of many people. However, the process of converting USDT to VND can carry many risks if not done carefully.
One of the popular methods nowadays is through U merchants, where the seller transfers USDT into the exchange's escrow wallet, the buyer pays in VND, and then the USDT is released. Although the theory seems safe, in reality, there are many risks involved.
The first risk related to the source of funds is that there is no guarantee that the received VND is legally valid. The merchant's bank card may be flagged, triggering risk control mechanisms, and leading to the freezing of personal accounts.
The big data system is used to monitor cash flows, and long-term trading with merchants may cause personal accounts to be linked to the blacklist. Therefore, it is necessary to carefully consider the choice of merchants, maintain stable account activity, and consider legal conversion methods.
Protecting the bank account is more important than the speed of transactions or low fees. Conducting safe transactions will help investors avoid the risk of being frozen and protect their assets in the long term.
Register an account on Binance to receive permanent transaction fee reimbursement:
- Link to register a new account: https://accounts.binance.com/register?ref=Q2FSX523
- Referral code: Q2FSX523
