In the cryptocurrency world, you may have heard countless stories of "getting rich overnight", but the ones who can really put their money in their pockets are the real masters. Today, I will share with you the secrets of the cryptocurrency veterans, and teach you how to withdraw money safely, find reliable cryptocurrency dealers, and avoid being scammed!
1. The “must-do list” before withdrawing funds
Withdrawing funds is not a simple matter of clicking a few mouses. Experienced investors know that there are several hurdles to overcome before withdrawing funds:
KYC certification: Don’t wait until you are about to withdraw funds to remember that the real-name authentication has not been completed. It will be useless to rush at that time. Getting KYC done in advance can not only speed up the withdrawal process, but also avoid being "targeted" by the exchange.
Check the wallet address: When withdrawing funds, the wallet address must not be wrong, otherwise your money may be "lost". Experienced drivers recommend that you test it on a small amount in advance and confirm that the address is correct before making a large operation.
Avoid peak periods: During the peak trading period of the cryptocurrency circle, the exchange's servers are like a traffic jam on a highway, and the withdrawal speed is extremely slow. Experienced traders usually choose to withdraw money quietly during the off-season, such as in the morning or late at night.
2. When withdrawing funds from an exchange, choosing the right platform is key
The exchange is the first hurdle for withdrawing funds. If you choose the right one, withdrawing funds is like a "ride"; if you choose the wrong one, it may be a "pitfall". The advice of experienced drivers is:
Big platforms are more reliable: Although the handling fees of big platforms such as Binance and EURUSD may be a little higher, the withdrawal speed and security are absolutely guaranteed. Don't spend your hard-earned money just to save a little bit of handling fees.
Pay attention to withdrawal restrictions: Some exchanges have withdrawal restrictions, such as only being able to withdraw a certain amount per day, or meeting trading conditions. Understand these rules in advance to avoid being "stuck" in your withdrawal process.
3. Find a reliable currency dealer and avoid these pitfalls
There are many different types of traders in the cryptocurrency world, with reliable and unreliable traders mixed together. Here are some tips for you to avoid the pitfalls:
Inquire through multiple channels: Before looking for a coin dealer, ask more experienced people around you to see who has used it and who recommends it. Don't easily believe online advertisements. Those "high returns, low risks" propaganda are mostly scams.
Test with a small amount: Don’t rush to make a big deal when you are trading with a cryptocurrency dealer for the first time. Try a small amount to see the other party’s credibility and efficiency. If there is no problem, then slowly increase the amount.
Keep evidence: Every transaction, whether it is a transfer record or a chat record, must be saved. In case something goes wrong, these will be your "amulet".
4. When withdrawing funds, these details cannot be ignored
When withdrawing money, details determine success or failure. Here are some tips from experienced traders to help you withdraw your money safely:
Withdraw funds in batches: If you have a lot of money, don’t withdraw it all at once. Withdrawing funds in batches can not only reduce risks, but also avoid attracting “special attention” from the exchange.
Pay attention to market fluctuations: When withdrawing funds, excessive market fluctuations may cause your assets to shrink. Experienced traders usually choose to withdraw funds when the market is stable to avoid unnecessary losses.
Backup wallet: In addition to the exchange wallet, it is best to prepare a backup wallet, such as a hardware wallet. It can help you keep your assets at a critical moment.
5. "Security Check" after Withdrawal
After the withdrawal is successful, don’t rush to relax. Experienced traders will also do a few “safety checks”:
Confirm the funds: After withdrawing funds, confirm whether the funds have been received immediately. If you find any problems, contact the exchange or currency dealer immediately.
Clean up transaction records: After withdrawing funds, clean up transaction records to avoid leaving unnecessary traces. Although transactions in the cryptocurrency circle are anonymous, it is better to be safe than sorry.
Withdrawing money from the cryptocurrency world sounds simple, but it is actually a technical job. These secret tips from veterans can not only help you withdraw money safely, but also help you go more steadily and further on the road of the cryptocurrency world. Don't let the withdrawal problem become your "stumbling block", use these tips now!