I dare say that 95% of money exchanged for cash offline is not clean; it's all scams. The money from some people, once pressed down, at least involves aiding and abetting, and in serious cases, it could involve concealment crimes. Not only do you have to return the stolen goods and compensate, but there’s also a possibility of actual imprisonment.
Did you know? Those who collect U with cash are not necessarily veterans of the crypto circle; they could also be the hidden 'X-ray vision' types—specifically targeting novices for money laundering.
Here are common tactics and risks for offline U exchanges.
1. Selling U offline, the wallet becomes 'transparent'.
You excitedly arranged to meet a 'mysterious buyer' online, and upon meeting, they scanned the U. You thought: 'How safe this is!' But as soon as they scanned it, your wallet instantly turned into a 'shared bicycle'. With one easy kick, your coin slipped away.
You wonder: 'Where's my U?' The other party smiles silently, leaving you in confusion with a line: 'Bro, remember to bring a bodyguard next time!'
2. Selling U offline, encountering 'real-life Fast and Furious'.
This time it's even more thrilling, the transaction turns into a 'robbery scene'. Just as you transfer the U, a group of 'muscle men' performs a 'teleportation' and kicks you out of the 'trading circle'. Call the police? The other party uses a 'Interstellar' version of social software, real name? Doesn't exist! You can only shout at the air: 'Officer, where's my coin?'
3. Selling U offline, the tour group turns into 'extortion team'.
You thought the other party was an earnest buyer, but it turns out they are mixing 'travel + extortion'. When they come to your turf, showing off tattoos, they first discuss the trade and then the money: 'Let’s not count the flight and accommodation, just give me eight thousand as a gesture, okay?' You think: 'This isn’t buying coins; it’s clearly a group robbery!'
4. Selling U offline, performing '真假美猴王' (True and False Monkey King).
The worst part is this: you think you're meeting a 'trustworthy buyer', but instead, you get a 'stand-in messenger'. Once the coin is transferred, the person is not right, and it’s all blacklisting service. You and the 'stand-in' look at each other, and it turns out you are both victims, with the only common language being: 'We’ve been 'triangularly' scammed!'
So, friends, be cautious when selling U offline; don’t let 'safety' become synonymous with 'fear'. Remember, whether online or offline, ask more questions and check thoroughly before transactions so you don't become a 'cryptocurrency version' of 'Lost in Thailand'!
Selling U safely depends on your opponent; distinguish between black and white funds, cash transfers have their own ways, but the most important thing is: protect yourself well, don’t let the 'coin' fly away along with your wallet and crime!
The best way is to go through the exchange's C2C, looking for those merchants with longer registration times; they usually won’t freeze accounts. Even if the account is accidentally frozen, transaction records will remain. Nowadays, exchanges will cooperate with GA; as long as you record and save your U buying and selling transactions on video, you can prove you are playing with coins normally. Usually, accounts can be unblocked in about three months or six months.