When withdrawing funds from the cryptocurrency market, pay attention to a few points to effectively prevent your card from being frozen when receiving dirty money.

(1) When engaging in over-the-counter (OTC) trading, try to choose large platforms like Binance and OKEx. These platforms have good communication channels and risk control measures with mainland regulatory and law enforcement agencies.

(2) Try to select OTC platforms that support T+1/T+2 withdrawal strategies. Although cash cannot be withdrawn immediately after selling coins, it reduces the risk of being implicated in money laundering through OTC trading. For example, trading on Binance T+1, and Huobi Select (in comparison to free trading, T+2 withdrawals).

(3) Avoid using stablecoins like USDT for OTC trading; try to use mainstream currencies like BTC and ETH for OTC transactions.

(4) The bank card used for OTC trading must be a separate card, not used for regular transactions, so it should be separate from your salary card. This way, even if it gets frozen, it does not affect the use of other funds. It is easy to explain the cash flow during investigations.

(5) The bank card for OTC trading should preferably be a local bank card, such as those from many urban commercial banks or rural commercial banks. Large and medium-sized commercial banks and joint-stock banks, like Industrial and Agricultural Bank of China, have branches across the country, and law enforcement can directly freeze them.

(6) Do not engage in regular transactions with ordinary merchants, nor with regular users. If the same user indirectly purchases more than 3 times in one day, or sells shortly after purchasing, it is suspected of money laundering, which is very dangerous.

(7) Look for reliable OTC sellers for trading. Try to actively accept orders from large traders and market makers, reduce your own ordering, and avoid merchants from problematic areas. In fact, as an ordinary user, it is difficult to distinguish which traders are trustworthy. For instance, friends who deal extensively with Huobi's Blue Shield service providers have also been frozen.

(8) Reduce the frequency of withdrawals and increase the cash amount.

(9) After completing OTC transactions, do not switch to your other bank cards to avoid contaminating other funds and causing trouble for investigations. If you urgently need cash, you can withdraw cash from an ATM or spend online.

(10) Try to choose to withdraw cash on weekdays. It is best to conduct transactions during normal working hours, such as withdrawing funds from 9:00 AM to 9:00 PM. #公众号搜 #狂人谈币