Female college student sentenced to 1 year for fund withdrawal... Withdrawal safety is really important!
If you can't even figure out what the crypto world is, what you are doing, and what the risks of withdrawal are, please, don't come to the crypto world as bait. There are 108 ways to make your sewing machine smoke.
Uncle won't give you a discount just because you are a college student, nor will he make exceptions simply because you don't understand. Long-time followers know I always emphasize—risk, risk, risk. Don't wait until you're in a small dark room to remember the advice.
Today, let's talk about safely withdrawing funds. I have read countless tutorials on safe withdrawals, but none have hit the key points. Most investors basically follow what the big players say and do, leading to being harvested by U merchants. Some even charge a 20% service fee. To avoid investors being cut down due to information asymmetry.
Do not collect U at different prices.
Falling prices: Seeing even a 20% drop in U collection, do you think collecting 20% is safe? No, their funds may still be black money. Yes, that’s how black it is.
Rising prices: You need to be clear about the U collection prices and transactions. Every penny is linked to the exchange. If the U price is higher than the exchange, you can basically choose to give up; it is 100% black money.
Do not use cash off the exchange.
Many recommend off-exchange, but this method can basically be abandoned domestically, as it is easy to get scammed. How can you absolutely trust that trading party? Don’t let them rob you in the end.
You need to be clear that not every penny is equally clean. Truly hygienic and clean money must come freshly from credit cards, online loans, etc. Any funds that have not been settled for more than 7 days actually carry a high risk. Therefore, be prepared for the worst. So, is there a safe way? Yes!
1. Useless folk methods circulating online.
(1) After withdrawing funds, immediately repay loans, invest, or manage finances in A-shares, etc.
(2) Use multiple cards, withdraw in small batches using Alipay, WeChat, etc.
(3) Multiple platforms, multiple U merchants for withdrawal.
All the above methods are useless; if it freezes, it will freeze.
2. Methods to safely withdraw funds.
The impossible triangle: convenience, safety, free.
Principle of withdrawal: fewer transactions, choose compliant trading parties.
Share two methods from high to low risk:
1. C2C on exchanges: long time, transaction success rate, family rate, open shield merchants, communicate in advance, frozen card compensation.
2. Apply for a foreign currency card: go to Hong Kong and apply for a foreign currency card that supports USD at a bank, then USDT-USD-CNY.
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