Assuming you made 100 million in the crypto world and are considering cashing out, the bank's reaction should not be underestimated.

If you have accumulated 5 million in your account by selling U, the bank will not only call but may even pay you a visit.

Of course, the purpose is not simply to check on you, but to promote financial management, trust, and insurance products, inviting you to join the VIP Gold Card.

Selling U on platforms comes with a significant risk of encountering black money. If you run into tier-three black money, your account will likely be frozen for 3 days; if your account has a large amount of funds, a freeze for half a year is also possible. If it's tier-two black money, the account could be frozen for 6 months, and confiscation of funds could also occur.

If the amount involved is not too much, you might receive a 10% compensation and the account can be unfrozen; but if the amount is huge, you might face imprisonment, and you won't be able to access the internet, open accounts, or get loans for 5 years. If you buy U at an absurdly low price or sell U at an unusually high price, for instance, if the market price is 7 yuan and you sell at 7.5 yuan, knowing that this is abnormal, that can be criminal, and the consequences are unimaginable.

So, never be greedy to buy U cheaply, and don’t think about selling U at a high price.

If you receive tier-one black money, it becomes even more serious; concealing criminal proceeds is a sure crime, with sentencing starting from three years.

When selling U, always heed advice: don’t go to platforms, and don’t seek out U merchants; avoid cash transactions offline at all costs. Offline transactions not only have a high likelihood of involving black money, but also may jeopardize personal safety. Don’t put yourself in danger.

So how can you safely cash out your earnings? Find a familiar and reliable person for transactions, generally, the other party will give you money first, then you give them U. After receiving the money, verify the funds; if the funds have not been in your account for more than 3 days, or if the transaction flow is too frequent, do not accept it; normal living expenses card transactions are more reliable. Even if you have made 100 million, don’t rush to sell everything; take your time. For example, if you want to cash out 10 million, use Alipay to gradually cash out, around 200,000 per day; being impatient can lead to mistakes.

If possible, avoid using bank cards.

Some say converting to Hong Kong dollars is particularly troublesome, requiring a lot of qualifications, procedures, and specialized channels. Don’t try it easily without understanding or testing it first.

If you like contracts, enjoy researching market trends, and studying technology, click on my profile. I have years of experience and tips in the crypto world, sharing them free of charge. I'm here waiting for you, online anytime, welcome to discuss together.