The cryptocurrency market is making money, how to safely withdraw funds?
Recently, while chatting with friends, this topic suddenly came up. To be honest, I hadn't thought deeply about this point before! With my friend's explanations, I have done a relatively comprehensive整理 today! I hope it can help everyone.
Cryptocurrency Withdrawal Guide:
1. Withdraw through a legitimate exchange
Advantages
Supports a Chinese interface, easy to operate
Most platforms complete KYC verification, withdrawal processes are usually smooth
Intermediate verification can reach a daily limit of 100,000 USD, meeting most withdrawal needs $BTC
High fund security, supports liquidity operations in QiFAST, obtaining market-recognized trading platforms $ETH
Difficulty
Need to submit valid identity information, must have an account that can complete verification
Funds need to be transferred to an overseas account, which may involve certain cross-border risks
Overseas accounts differ from domestic accounts, need to pay attention to the flow of funds
Recommended platforms
Kraken
2. Withdraw using foreign exchange quotas
Logic: Convert cryptocurrency assets into equivalent fiat currency, receive through foreign currency accounts and transfer to domestic bank accounts, subject to national foreign exchange controls, limited to 50,000 USD/year
Difficulty: Opening accounts, and limited foreign exchange quotas #币安Alpha上新
3. U Merchant withdrawals
Core logic: Find a familiar U Merchant, strengthen trust through home address + face-to-face meetings, while ensuring the other party's funds are clean!
Operation methods
· Cash transaction: Face-to-face, cash payment for U transfer (to ensure safety)
· Online transfer: Ensure fund safety through fund deposits and transferring U through exchanges
4. Use U Card for withdrawals
Logic: U Card is a foreign currency account, linked to a cryptocurrency wallet address. After the issuer converts the crypto assets into fiat currency, the bank will deposit the funds into your account.
Advantages: Simple to use! Suitable for dual-card personnel and executors, can be directly linked to payment software like WeChat and Alipay for consumption, no need for complicated cash transactions.
Disadvantages: Higher costs, fund inflow and outflow losses are about 4%, not very friendly for large funds or users with strict loss requirements #特朗普税改
5. Direct OTC from exchanges
Disadvantages: Easy to receive dirty money, card freezing, suitable for small amounts of funds.
6. RUN
Advantages: All advantages.
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