Complete guide to cash withdrawal in the cryptocurrency market: the last revelation, don’t fall into pitfalls again! Navigating the cryptocurrency market can be exciting for profits, but the cash withdrawal process is the real test. Many people eagerly prepare to withdraw only to encounter the nightmare of their bank card being frozen. It is no exaggeration to say that 99% of people may not have mastered safe and reliable on-site withdrawal methods. Many veterans only start to pay attention to and learn withdrawal techniques after experiencing the painful lessons of account freezing. Today, I will deeply analyze the key points in the process of U withdrawal to help you avoid withdrawal pitfalls.
1. The root cause of card freezing
All account freezing issues have one core reason: the funds you receive are related to a case, colloquially known as 'dirty money'. It is important to clarify that a situation where a bank restricts an account for three days due to risk control is not a true account freeze; it merely triggers the bank's risk warning mechanism, which does not require excessive concern, as it usually gets lifted automatically after three days. However, if you encounter an account freeze, it is definitely because you have received involved funds.
For example, suppose I transfer a sum of money to you, and then I report it to the police. This money will instantly turn from normal funds into dirty money. Many times, your account is frozen only after you’ve received the money for a while, indicating that the victim has successfully reported the case. Therefore, if there is a problem with the money itself, it cannot be transferred to your account at the first moment. So how can you determine if the other party's money is dirty? This inevitably brings up the source of funds for on-site currency merchants.
2. The hidden channels of merchant funds
In recent years, the economic situation has been severe, and many people have ventured into the black and gray industries driven by profit. Under the strict control of the 'Two Card Action', a large amount of illegal funds attempt to launder money through OTC (over-the-counter trading) using USDT. Normally, the profit margin for on-site currency merchants is about 30%, while money launderers can earn 300 yuan for one U, a profit difference of 30 times!
The harsh reality is that there is almost no absolutely clean money in the market. There are many participants in the black and gray industries who urgently need to cash out their illegal gains, making exchanges a critical link. On platforms like Xianyu, there are numerous offers to buy exchange accounts, most of which are used for laundering money. This is not only the last step for you to cash out but also a key node for the money laundering of black and gray industry funds.
The security of funds for on-site currency merchants does not depend on the absolute cleanliness of the funds but rather on whether they can be finely filtered. It’s like sifting sand; the finer the sifting, the lower the risk of the merchant's account being frozen, and your withdrawal will be relatively safer. Although there is no absolute 'clean money', funds that have been filtered multiple times are less likely to trace back to you. However, you must be clear that the risk of on-site withdrawals remains high; if you receive first-hand dirty money, relevant departments may come knocking, and improper handling could land you on a blacklist. Currently, while on-site trading has solved trust issues between trading parties, the hidden dangers of black and gray funds still persist. As long as the 'Card Blocking Action' continues, the black and gray industry will rely on the USDT channel, which is inseparable from merchants and retail investors. If someone in the middle reports the case, normal funds may also turn into involved funds, leading to your bank card being frozen. Therefore, the key to withdrawal lies in avoiding the receipt of first-hand dirty money; this point must be remembered, while the rest is somewhat left to fate.
3. The discerning eye for choosing merchants
Since we can only start from selecting merchants to reduce the risk of receiving first-hand dirty money, how should we choose?
When selling USDT, always choose reputable large merchants. Exclude merchants with fewer than 10,000 transaction records and a success rate of less than 90%. Although these large merchants may offer slightly lower prices, the probability of account freezing is relatively small. If you need to make a large USDT withdrawal, consider using shielded merchants, but the prices will be lower. Lower prices mean they invest more in risk control, leading to higher security. Try to complete the withdrawal in one go; do not choose multiple small merchants just to earn a little extra money, as this will significantly increase the risk of account freezing. At the same time, do not blindly trust shielded merchants; last year, twelve shielded merchants had issues.
Real-name transactions are crucial! 90% of first-hand dirty money issues stem from not conducting real-name transactions. Some unscrupulous merchants will find all sorts of excuses, such as needing to use a family member's account due to card limits, or transferring a portion first and then citing limits as a reason to switch cards for transfer. Be aware that these individuals are driven by profit; they can earn 300 yuan for one USDT. The accounts they use are often registered by others, and they typically get banned within three months. Before their accounts are banned, they will try to profit as much as possible and can return the deposit. Therefore, in such situations, it is essential to remain vigilant.
Apart from the two major exchanges, Binance and OKEx, do not consider other withdrawal platforms. Many withdrawal platforms are backed by gambling site owners, and the merchants on those platforms have not undergone real-name KYC verification, so the funds transferred to you are mostly gambling funds or other dirty money. Do not attempt to engage in arbitrage trading; platforms that have prices inconsistent with market rates and buy U at high prices mostly have problems. Once something goes wrong, the judge may presume that you subjectively knew about it, leading to criminal penalties.
4. The correct posture after receiving funds: Upon receiving funds, there is no need to be overly nervous; you can use them normally. If the funds are fine, normal usage will not bring any trouble; if there is a problem with the funds, no amount of action will help.
Cash withdrawals in the cryptocurrency market concern fund security and cannot afford any negligence. I hope everyone remembers these key points to ensure a safe cash withdrawal and secure their hard-earned results.