Be careful, the large nets of deep-sea fishing have already been cast into the cryptocurrency circle!

My friend Old Li recently cashed out on a certain platform through C2C, intending to convert the 500,000 USDT he earned into cash. After the transaction was completed, he was overjoyed but received a phone call from the bank, stating that his account had been frozen!

Old Li was confused. He quickly contacted the platform's customer service, but they pushed back, saying, "This is a bank issue," and told him to resolve it himself. He then rushed to the bank, where the staff coldly stated that this matter had nothing to do with the bank; his account was frozen by the anti-fraud center of a certain province, and he needed to contact the relevant institution to unfreeze it himself.

Old Li was as anxious as an ant on a hot pan, quickly contacting the anti-fraud center, only to receive a reply that the funds were frozen due to suspected fraud, and he needed to bring relevant materials to the anti-fraud center in a certain province for review.

He needed to prepare materials and go to a distant relative's place. Just when Old Li was at a loss, a mysterious person contacted him, saying that as long as he paid a 50% fee, he could help him unfreeze it without going to another location; otherwise, it would be permanently frozen!

After consulting a lawyer, he realized he had been a victim of deep-sea fishing. In the end, he could only helplessly take a loss!

Now in the cryptocurrency circle, there are some unscrupulous businessmen who collude with certain shady characters to fleece people. Once there is a large cash out, they will notify the shady character to freeze the account, and then privately contact the user to demand a fee to help unfreeze it. If the user agrees, they earn half; if they refuse to pay the fee, the account will be permanently frozen!

You can know a person's face but not their heart; be careful when cashing out in the cryptocurrency circle. How can you ensure safety?

1. When cashing out from an exchange, choose a well-known and long-established USDT merchant that you can trust, even if the price is a bit lower, as safety comes first.

2. Apply online for a USDT card.

You can negotiate with the merchant to spend the USDT in your wallet through consumption. Everyone knows how to operate this. There are many types of online USDT cards; interested parties can search for them themselves.

3. Use the BiyaPay wallet, a very useful wallet app.

BiyaPay is the world's first multi-asset trading wallet, allowing users to easily exchange mainstream fiat currency for digital currencies like BTC, ETH, DOGE in real time. It provides a secure and convenient B2C cash-out solution, effectively solving card freezes and fund issues in OTC or C2C transactions. Users can deposit USDT into the remittance platform, easily convert it into USD, and cash out.