Seriously write a tutorial on how to withdraw funds to prevent more people from getting into trouble when cashing out after making money in the market.
So in this article, you will learn:
- Why your withdrawal will lead to a frozen card (the source of frozen cards)
- Funding channels for currency merchants
- How to choose suitable currency merchants
- What to do after receiving funds
- Let's talk about information in the cryptocurrency circle
Why your withdrawal will result in a frozen card
The only issue with frozen cards is that the funds you received are involved in a case. Only if you receive black money will your card be frozen. If a bank's risk control freezes your card for three days, that does not belong to a frozen card issue; it simply means you've triggered the bank's risk control, so don't be afraid. Bank risk control will automatically unlock after three days.
Only black money will lead to frozen cards. A simple example is that if I transfer you money, as long as I report it to the police, once the authorities file a case, that money will turn from clean funds to black money because it is involved in a judicial case.
Do you understand?
In many cases, your card will be frozen after you receive the money for a while; this indicates that the victim has successfully filed a case with the authorities.
So!
If the money is black, it will not reach your card in the first place.
To understand whether the other party's funds are black money, you need to look at the funding of the currency merchants in the market.
Funding channels for currency merchants
In the past two years, with the economic downturn, many relatives and friends around me have participated in the black and gray industries. The closest thing to the black and gray industry is money itself. Due to the control of the two-card action, 100% of people have entered the OTC industry, choosing to wash money using USDT. The normal earnings for currency merchants in the market are 3% profit, while those laundering money can earn 3 yuan for every USDT, a staggering 30 times profit!
There is no clean money in the market!
This is the reality: there are too many people involved in black and gray industries. The first stop for monetizing black and gray industries is the exchanges. You can see numerous people on platforms like Xianyu collecting exchange accounts; once collected, they engage in this. This is the last step of your withdrawal, and it is also the last step for the black and gray industries to realize their value.
In the market, the funding channels of currency merchants are compared not by whose money is clean, but by who filters the funds more thoroughly. Just like sifting sand, the finer the sieve, the less likely the merchant will freeze your card, and you won't get into trouble.
There are no clean funds, just a lot of filtering done, making it untraceable to you.
The risk you face in the market is very high. As long as you receive primary black funds, the authorities will come knocking. If not handled properly, you may end up on a blacklist in the future.
Currently, the market has only solved the trust issue between both parties, but it cannot resolve the issue of black and gray funds. As long as the 'card severing action' continues to control bank cards, those in the black and gray industries will have to use the USDT channel, which can only go through currency merchants and retail investors.
Once the victim goes to the authorities to file a case, the originally clean funds will become involved funds, and if your card receives these funds, it will be frozen.
Listen carefully, your goal in the market is not to receive clean funds but to avoid receiving primary black money. You can only remember this rule: do not receive primary black money; as for the rest, leave it to fate.
How to choose suitable currency merchants
We can only solve the primary black money issue by selecting the right currency merchants.
When selling USDT, only approach reputable large merchants. If they have less than 10,000 transactions, do not even consider them if they don't have a 90% success rate. However, the prices are generally low, but the risk of frozen cards is relatively lower.
For large amounts of USDT, find trustworthy merchants; the price may be lower. The lower the price, the higher the cost of filtering funds for risk control. Try to withdraw everything at once; don't find a bunch of merchants to gamble on probabilities, as that will only increase your chances of having a frozen card. Also, don't blindly trust shield merchants; last year, twelve shield merchants were exposed.
The most important point is that you must use real-name transactions. 90% of the primary black money issues arise from not properly conducting real-name transactions. Many merchants will say that today's card limit has been reached, and will use a family member's card to transfer money to you, or they will first transfer you a portion and then tell you the limit has been reached and will use another card to transfer the rest, and so on...
Those people who transfer money to you earn 3 yuan in RMB for each USDT, which is extremely shady. The merchant accounts they use are all registered by someone else, and generally, a merchant account will be banned after 3 months, all profits, and they can also refund the merchant deposit. Be extremely cautious of such people.
Apart from the two major exchanges (Binance and OKX), do not even look at other withdrawal platforms. Many withdrawal platforms are run by the owners of gambling websites, and all the merchants inside do not undergo real-name KYC checks. The funds they send you are all black money like gambling funds that cannot get any darker. Also, do not engage in arbitrage; those who buy USDT at prices inconsistent with the market are problematic, and if something goes wrong, judges can convict you based on subjective knowledge.
What to do after receiving funds
You don't need to do anything; just use it normally when needed. If there are no issues with the funds, you can do whatever you want; as long as there is a problem, all your actions will be in vain.