After making a profit from the cryptocurrency market, many people often face difficulties when they want to withdraw cash. This can be due to bank cards being frozen, the risk of fraud, or the safety of direct transactions not being guaranteed. To minimize risks, you can refer to the following 3 methods:
1. Trade via P2P on a reputable exchange
First, you can choose the peer-to-peer (P2P) trading method on reputable cryptocurrency exchanges like Binance.
Through P2P, you can sell USDT to certified merchants, and the money will be transferred directly to your bank account.
An important note is to choose buyers who have been active for a long time, have positive reviews, and stable transactions. Limit transactions outside the platform or meeting in person to avoid risks.
2. Break down transactions to avoid suspicion
You should not withdraw a large amount at once, as this may attract attention and scrutiny.
Instead, you should break down the amount to be withdrawn into smaller, reasonable increments. Check your bank's daily transaction limit to avoid temporarily locking your account.
3. Use legal banking/intermediary applications
Finally, you can use the services of legal domestic banks or financial applications that allow deposits/withdrawals through official cooperation channels with banks.
Before choosing a service, do not forget to check the operating license, security policy, and fees. Avoid using "black market" conversion services to prevent fraud risks.
In conclusion, when trading cryptocurrency in Vietnam, prioritize using the P2P method on reputable exchanges, break down transactions, and control your bank's transaction limits. Always choose legal, reputable trading channels and avoid direct transactions to protect your profits.
Register a Binance account to receive permanent trading fee refunds:
- Link to register a new account: https://accounts.binance.com/register?ref=Q2FSX523
- Referral code: Q2FSX523
