In the world of cryptocurrency, earning U is just the first step. The real test is how to safely turn digital assets into real money in your pocket. But the reality is often very harsh - frozen cards have become a nightmare for countless people in the cryptocurrency circle. Today we will take a look at the tricks behind this and how to avoid these pitfalls.
The truth about frozen credit cards: Why is your money always "frozen"?
USDT cannot be directly exchanged for RMB in China, and must be exchanged for money through over-the-counter (OTC) transactions with middlemen. But the problem is: the source of funds of these middlemen may not be clean. If the money given to you by the other party involves illegal activities such as fraud, gambling (commonly known as "black money"), your bank card will become the subject of police investigation, and it may be frozen for a few days at the least, or for several months or even longer.
There are two types of frozen cards:
Bank risk control freeze: Usually it is automatically triggered by the system and may be unfrozen in 3-7 days, so it is not a big problem.
Judicial freeze: When it comes to case investigation, if the police do not close the case, you will not get your money out, and it may take up to more than half a year.
Four major behaviors that will lead to death, don’t do them!
Believe in "100% safe funds" advertisements: Scammers love to brag that their money is the cleanest, but it turns out that it is all black money.
Buying U for the sake of low price: The middlemen often make a profit from the low price, and all the risks are passed on to you.
Playing offline cash transactions: Why doesn’t clean money go through the bank? It is most likely black money that is not allowed to see the light.
Buy "MasterCard U Card": Many are scams, the servers are located abroad, they can run away at any time, and both the money and the card will be gone.
Guide to safe withdrawal: How to avoid the black money trap?
Since it is easy to fail if you go directly from USDT to RMB, let’s change our thinking: USDT → USD → RMB to reduce the probability of contact with black money.
Method 1: Withdrawal via Hong Kong bank card (suitable for large funds)
Steps:
Apply for a Hong Kong bank card (such as HSBC, Standard Chartered).
Exchange USDT for USD on a compliant exchange (such as Binance, Kraken).
Withdraw US dollars to a Hong Kong card, and then exchange them for RMB through a bank or Alipay.
Advantages: The capital chain is clear and the probability of card freezing is low.
Disadvantages: You need to go to Hong Kong in person to apply for a card, which is suitable for players with large amounts of capital.
Method 2: WISE/Alipay withdrawal (suitable for small amounts)
Steps:
Exchange USDT for USD on an exchange such as Kraken.
Use WISE (international remittance tool) to wire money to a domestic bank card, or exchange for RMB through Alipay's "Flash Payment".
Advantages: Simple operation, suitable for small withdrawals.
Disadvantages: Large amounts may be reviewed by the bank and the process is slow.
The Ultimate Antifreeze Card Strategy
Withdraw in small batches: Don’t withdraw a large amount at once, as this can easily attract the attention of the bank.
Choose an established exchange: Binance, Kraken and other large exchanges have relatively clean funds.
Fixed U-merchant cooperation: Look for merchants with good long-term reputation and don’t change them casually.
Keep transaction records: In case your card is frozen, you can prove the legal source of funds and speed up the unfreezing.
To sum up in one sentence:
Withdrawing funds is not a technical job, but a risk control job. Don't be greedy for speed or cheapness, only steady and solid can protect your hard-earned money.
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