Choose large platforms like Binance for OTC transactions. These platforms have good communication channels and risk control measures with mainland regulatory and law enforcement agencies.
Do not directly use stablecoins like USDT for OTC transactions; try to use mainstream coins like BTC and ETH for OTC transactions.
Try to choose OTC platforms that support T+1/T+2 withdrawal strategies. Although you cannot withdraw immediately after selling coins, it reduces the risk of being involved in money laundering through OTC transactions. For example, Binance T+1.
The bank card used for OTC transactions must be a separate card that is not frequently used, distinct from salary cards, etc. This way, even if it is frozen, it will not affect the use of other funds, and it will be easier to clarify the flow of funds during an investigation.
Try to use cards from local banks for OTC transactions, such as local city commercial banks and rural commercial banks. Large and medium-sized joint-stock commercial banks like Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, and China Merchants Bank have branches all over the country, making it easier for law enforcement agencies to freeze accounts directly.
Never trade frequently with fixed merchants! This is very important. If the same user indirectly makes more than three purchases in one day, or buys and then sells again after a few hours, it will be very dangerous and suspicious of money laundering.
Look for reliable OTC merchants for transactions. Try to actively take orders from large merchants and market makers, and avoid placing orders. Do not engage with merchants from problematic areas.
Reduce the frequency of withdrawals and increase the cash amount.
Try to choose weekdays for cashing out. It is best to conduct transactions during normal working hours, for example, from 9 AM to 9 PM on weekdays.
After OTC transactions, do not transfer to your other bank cards to avoid contaminating other funds, which can complicate investigations. If you need money urgently, you can withdraw cash from an ATM or spend it online.
Do not transfer out immediately after receiving payments. After selling USDT for RMB, do not transfer it out right away; keep it in the account for a while.
Stay informed about the insider news in the cryptocurrency circle.
