Compared to losing money, people in the cryptocurrency circle are more worried about two things: asset theft and withdrawals being frozen.
How to avoid asset theft? Two days ago, the article systematically talked about: Ledger theft, a thorough explanation of wallets!
Let’s talk about withdrawing funds safely today.
1. U-commerce is in chaos and withdrawals are cut
I have read countless tutorials on how to withdraw funds safely, but none of them got to the point. Most investors basically follow what the big guys say and do what they want, which leads to them being exploited by U-merchants. Some even charge a 20% service fee to prevent investors from being exploited due to information asymmetry.
1. MasterCard U card, VISA card
Many card sellers online use the names of MasterCard and VISA to deceive newcomers and make them think that their bank cards are issued by MasterCard and VISA.
In fact, if you just check online, you will find out that these two companies, like UnionPay, are settlement companies and cannot issue bank cards.
VISA settlement process: as shown in the figure (from the Internet, please delete if infringed)
Some people find a small bank overseas to apply for a MasterCard, or even use someone else's passport to apply for a MasterCard for you. Do you think this is safe? No, there are many overseas banks that have collapsed or run away. There are currently two major flaws that can be seen with the naked eye: high handling fees and the possibility of running away at any time. Be vigilant.
2. Different price for U
Downward Floating: Most people even see a 20% down payment. Do you think it is safe to pay 20%? No, his funds may still be black money. Yes, that's right, it is that black.
Floating: Some of the U prices are inverted with the exchange, and the price is higher than the exchange. Basically, you can choose to give up, 100% black money
3. Off-site cash
What is black money? It is money from illegal channels.
Someone told me that cash is clean in the off-site market. Brother, why is it clean cash? Funny. In American movies, isn’t cash transaction just to steal money? Don’t do it in the off-site market, and don’t do it with cash.
2. Why is the card frozen when selling USDT?
Before understanding how to withdraw funds safely, let’s first talk about why the card is frozen?
Card freezing can be divided into: bank freezing and judicial freezing
1. Bank freeze
(1) Transferring with notes of virtual currencies such as USDT triggers risk control and results in card freezing
(2) In order to combat money laundering, banks will regularly check customer transactions. Frequent transfers, fast in and out, abnormal flow, and abnormal transaction habits will trigger bank risk control and lead to freezing.
(3) When encountering card-cutting actions, banks strengthen risk control and lead to freezing
(4) The account has not been used for a long time and has no balance. Suddenly, a large amount of money is deposited into the account, causing it to be frozen.
(Contact the bank, ask the reason, follow the requirements, bring the materials, and cooperate with the unfreezing. It usually takes 3-30 days to unfreeze.)
2. Judicial freeze
The bank card is frozen when it receives black money (e-commerce fraud, online gambling, etc.). Short-term freezing lasts for 1-3 days and will be automatically unfrozen after the expiration date; long-term freezing has an uncertain unfreezing time and can only be unfrozen after the case is closed.
Contact the judicial department, provide the required materials, and unfreeze them. Tell the truth.
Regarding the freezing of deposits: the other party is suspected of embezzling money, which has caused the account associated with it to be frozen. Contact the bank to inquire about the situation and submit relevant materials according to the instructions.
3. Safe Withdrawal
You have to understand that the cleanliness of every penny is different. The truly clean money must have just come out from credit cards, online loans, etc. Other funds that have not been deposited for more than 7 days are actually very risky. Therefore, be prepared for the worst. Is there a safe way? Yes
1. Useless soil method circulated on the Internet
(1) After withdrawing funds, you can immediately repay the loan, manage your finances, invest in A-shares, etc.
(2) Use multiple cards and pay in small amounts in batches, using Alipay, WeChat, etc.
(3) Multiple platforms and multiple U merchants for withdrawal
The above methods are all useless, freeze it as usual
2. Safe withdrawal
Impossible triangle: convenient, safe, and free
Principles of withdrawal: less times and choosing compliant trading partners
According to the risk from high to low, share two methods:
1. Exchange C2C: time, order success rate, success rate, Blue Shield merchants, advance communication, frozen card compensation
2. Apply for a foreign currency card: Go to Hong Kong and apply for a foreign currency card that supports US dollars at a bank, then USDT-USD-CNY
3. Others (welcome to add)
Success is not based on luck, choice is more important than hard work, and the circle determines destiny
Only use strength to speak, and use value to reflect! Help you to accurately control the position and grasp the profit. When the market is good in the cryptocurrency circle, you can make money no matter how you play, but you must clearly know that the market in the cryptocurrency circle will not always be good! ! ! When to buy and when to sell in the cryptocurrency circle, this is what is important!