In cryptocurrency trading, especially when trying to exchange coins for fiat currency (commonly referred to as 'cashing out'), many people are afraid of encountering problems with bank card freezes.
In fact, this concern is not unfounded: once a bank card is frozen, it can be quite troublesome. So the question arises—if a bank card is frozen due to cashing out, does it freeze right when the money arrives, or does it freeze a few days later? The answer is not easy to say, as it depends on the bank's risk control system and regulatory intensity. However, one thing is clear: the cryptocurrency world should be a place for wealth creation, not a trap that makes people anxious or even leads to legal troubles.
Why has my account never had any issues?
I also regularly engage in contract and spot trading, using my bank card, WeChat, and Alipay frequently, yet strangely, I have never had my account frozen or encountered any troubles. Every time I see someone complaining about their account being frozen, I can't help but wonder: why do people still choose to go to OTC merchants for cashing out? What are they after? Don't they know how big the risks are behind this?
How big are the risks of cashing out with OTC merchants? Trading with OTC merchants sounds simple and convenient, but in reality, there are many hidden dangers:
1. Unclear source of funds: You can't confirm whether the money coming from the other party is 'clean'. If it involves illegal funds, you might be unknowingly implicated.
2. Regulation is everywhere: Don't think that using Alipay or WeChat is safe; the banks and anti-fraud departments are vigilant. Every transaction is recorded in the cloud, and you can't escape; it can be traced back at any time.
3. The 'card-cutting campaign' shows no mercy: Have you all heard of China's 'card-cutting campaign'?
The intensity is such that it can be described as 'better to mistakenly kill a thousand than let one go'. Trading with OTC merchants is basically swaying in a gray area; once targeted by bank risk control, if your card is frozen and you want to unfreeze it? Get ready to be dizzy from various processes. Frankly, this method is high-risk and troublesome, and definitely not a wise choice. So why can I rest easy, ensuring that my bank card, WeChat, and Alipay are always normal? The secret lies in my exclusive use of #BiyaPay for cashing out. What’s special about this platform?
Listen to me slowly: Legitimacy and compliance: holds a valid license in the U.S., ensuring secure transactions, so you don't have to worry about stepping on landmines. Convenient operation: you can exchange cryptocurrencies for mainstream fiat currencies like USD or HKD and withdraw directly to your bank account. Want to trade stocks? You can also fund other brokers, with funds arriving the same day, extremely efficient. No domestic records: the best part is that cashing out won't leave any transaction traces in domestic banks. This means it is completely free from domestic regulatory restrictions, truly achieving 'I control my money'. Avoiding trouble: under the high pressure of the 'card-cutting campaign', issues like limits, non-counter transactions, freezing, and payment stops are all irrelevant to me.
Summary: One move to eliminate account freeze troubles. So, stop blindly looking for OTC merchants to cash out; try BiyaPay instead! It's safe and worry-free, allowing you to earn money in the cryptocurrency world without constantly worrying about your account being frozen. The cryptocurrency world is a place to create wealth; choosing the right tools is essential for having fun and earning reliably!
If you are also keen on researching technical operations in the cryptocurrency world, follow the official account (Bitcoin Walker) to get the latest cryptocurrency information and trading skills!