Making 1 million in the cryptocurrency world is indeed worth being happy about, but the withdrawal process hides many pitfalls — from frozen cards and scams to potential risks to personal safety.
Sharing 3 practical withdrawal methods, especially suitable for beginners, with a focus on avoiding pitfalls:
1. Hong Kong cash exchange: Small amounts multiple times are more secure
If it's convenient to go to Hong Kong, you can bring U and find a legitimate money exchange shop locally to exchange for Hong Kong dollars or RMB. But definitely don’t bring large amounts of cash across the border, as it’s easily subject to inspection and carries significant risk. It’s advisable to exchange in small amounts multiple times, keeping each amount within a safe range to reduce exposure risk.
2. Overseas bank card: The safest choice, preparation in advance is key
This is the way I personally think has the lowest risk, but you must prepare an overseas card in advance (for example, Hong Kong ZhongAn Bank, banks in Singapore or the United States that support cryptocurrency payments).
The specific steps are very simple: first transfer U from Binance to foreign exchanges like Kraken, then convert U to USD, and finally withdraw it to your overseas bank card.
Here are two points to note: First, the card must be prepared in advance; without a card, the process cannot proceed, and you must confirm that the account status is normal; second, compare the exchange rates and fees of platforms and banks, don't lose a lot over small savings, and end up losing quite a bit of money.
As long as the operation is compliant, this path is very reliable.
3. Binance C2C trading: commonly used but must be cautious.
Open the C2C trading area of the Binance APP, just place an order to sell U; certified merchants will buy with RMB, and the transaction is complete once the money arrives in the linked bank card.
But most pitfalls are here:
Choosing merchants must be strict - prioritize selecting established merchants who have been registered for over 2 years, with stable and high trading volumes; avoid those with fluctuating transaction amounts or low volumes.
Absolutely avoid risks - do not engage in offline transactions (as it is easy to get robbed and personal safety is not guaranteed), do not privately transfer money via WeChat/Alipay (there's no platform guarantee, if the other party receives U but doesn't transfer money, or transfers dirty money to freeze your card, there’s no way to resolve it), and don't trust trades in Telegram groups (they are mostly scams).
To be honest: the core of withdrawing money is 'safety first', don't be greedy for speed, and don't try to take shortcuts.
In fact, many people will panic the first time they operate, fearing miscalculating fees or falling into the trap of freezing their cards. If you are unsure which method to choose, you can discuss it.#加密市场反弹 $ETH
