In November 2024, a friend suddenly mentioned that several small withdrawals led to being summoned by Uncle Hat and being charged with aiding and abetting a crime. 😭😭😭 In the end, I paid for bail and left a criminal record, which should be due to the funds from that withdrawal being dirty money, sourced from a telecom fraud.

What is aiding and abetting a crime? The legal definition is, (Criminal Law of the People's Republic of China) Article 287-2 states that knowing that others are using information networks to commit crimes, providing them with technical support such as internet access, server hosting, network storage, communication transmission, or assistance such as advertising promotion, payment settlement, etc., constitutes serious behavior.

This is really incredibly unlucky. 😂😂😂 Withdrawal is a process that every cryptocurrency player needs to go through, and offline transactions are extremely risky. This leads me to believe it is necessary to compile a comprehensive online withdrawal anti-freezing card guide based on information available on the internet.

Four key considerations for safe withdrawals from exchanges

There are three key considerations for safe withdrawals: 1) Reliable exchanges (mainly Binance and OKX); 2) Strictly audited traders (Binance prioritizes selecting Shielded traders, with a registration time of more than 2 years and the more total transactions, the better, ideally with fewer transactions in the last 30 days); 3) Sellers making payments with real names (generally, scam funds will not be collected through personal real-name bank cards, so the risk of real-name payments can be greatly reduced). 4) Try to withdraw through bank cards (WeChat, Alipay, and bank cards have no difference at all; the risk control of WeChat and Alipay is even more extreme, their big data risk control is stricter than banks, and with WeChat and Alipay, it may not be clear whether it is a real-name transfer);

This will greatly reduce the probability of being frozen, and even if you are unlucky and get frozen, the subsequent unfreezing process will be relatively easier. Avoid transactions not through exchanges; avoid offline cash transactions;

Here are some frequently asked questions that people often have. 🤔🤔🤔:

How to avoid bank risk control for large withdrawals?

Apart from the most important freezing issue, the only remaining concern is bank risk control. OTC traders can only ensure the safety of your funds, but cannot guarantee whether the bank will perform risk control.

1) Bank cards that have not been used for a long time or have very few transactions are indeed statistically more likely to be subject to bank risk control, but these are minor occurrences. Most bank risk control is to protect the sender’s fund security, preventing you from being an illegal person involved in telecom fraud or money laundering.

2) Avoid behaviors that easily trigger bank anti-money laundering risk controls, such as rapid in-and-out transactions, multiple deposits and a single withdrawal, a single deposit with multiple withdrawals, large amounts of transactions at night, etc. If conditions allow, keep some balance in the card or buy some financial products.

3) Reduce the frequency of withdrawals. Dirty money does not differentiate in amount; whether it’s five hundred, fifty thousand, or five million, it can be frozen. Multiple transactions will only increase the probability of receiving dirty money. It is usually advised to plan the funds needed for a certain period, choose a safe OTC trader, and complete the transaction in one go to reduce withdrawal frequency.

Is it safe to immediately pay off credit cards, purchase financial products, and transfer to a securities account after withdrawal?

Some people want to ensure withdrawal safety through various operations, which actually reflects a lack of confidence in the money just withdrawn. It is important to know that there is no essential difference between withdrawing via credit cards and bank cards; once dirty money is received, it will be frozen, and there will be aftereffects. Once a card is frozen, it is difficult to withdraw money from financial management. Even if there is no money on the card, it may still face door-to-door investigations or be listed on a punitive list or telecom fraud-related list. Transferring money to a securities account is not a solution either; as long as there is a problem with the funds, both bank cards and securities accounts will be frozen. Therefore, no matter how much operation is done after withdrawal, it is useless; not receiving dirty money is the key, and any remedial actions after receiving dirty money are futile.

How long can I keep the withdrawn money in my card to prove it is absolutely safe?

OTC funds are not absolutely safe; there is always a theoretical possibility of freezing. Under what circumstances will the police freeze accounts? After the victim reports the case, they immediately stop payment and freeze all accounts through which the victim's funds have flowed. The freezing time depends on when the victim reports. Generally, it is not a problem if more than three days or a week have passed; the probability of being frozen later is much lower.

How to choose a bank card for withdrawals?

Do not use your mortgage card, salary card, or social security card for withdrawals. In case of problems later, it will affect the normal use of these cards, so try to avoid using these types of bank cards for withdrawals. 👌

Wishing everyone safe withdrawals. 👍👍👍