The bitter lesson of the old leeks: Making money from selling coins does not mean safety, 90% of people fail at the last step

A must-read for newbies: Your first withdrawal may be triggering risk control!

Three common mistakes made by beginners:

• Seeking unreliable channels for high prices

• Receive payment via payroll or primary card

• Large amounts of money are kept in bank cards for a long time

Three tips for safe cash withdrawals:

Backup card strategy

• Card selection: Local banks or Postal Savings Bank (relatively loose risk control)

• Single transaction limit: no more than 50,000 yuan (if it exceeds the limit, it will be easy to be targeted)

Funds transfer tips

• Fast processing: transfer to Yu'ebao within 1 hour after receiving the funds (can reduce the freezing by half)

• Distributed withdrawals: No more than 2 withdrawals per week from the same card

Account Isolation Principle

• Use your salary card only for daily spending and don’t use it for any certain transactions.

High-risk funding types:

• Dangerous funds: money that looks like money from a scam (often transferred at night, mostly in round numbers)

• Medium-risk funds: Gambling funds (small, scattered, frequent in and out)

Risk-averse approach:

• Request transfer of accounts with the same name

• Don’t trade between 10pm and 6am

Don’t panic if your card is frozen, 72 hours of golden emergency:

• Emergency brake: Immediately stop all transactions and turn off the mobile banking transfer function

• Ask the bank: Contact the bank and ask for the frozen department and phone number

Prepare the materials:

• Transaction records: screenshots of platform orders (with merchant and time information)

• Chat history: When talking to merchants, just talk about ordinary commodity transactions

• Proof of income: salary flow for the last six months (proving the money came from legitimate sources)

• Tell the bank: I bought legitimate goods and the money is legal.

• Don’t say words like Bitcoin, USDT, and cryptocurrency speculation.

Advanced antifreeze: Ghost withdrawal method (suitable for large amounts)

Hong Kong stock broker channel:

• Convert a certain type of asset into Hong Kong dollars and use a Hong Kong brokerage account to buy US stocks.

• After selling, withdraw cash to a Hong Kong bank card and then transfer back to the mainland (must be reported in compliance with regulations)

Gold ETF transfer:

• Buy physical gold ETFs and sell gold bars offline (cost is about 2%-3%)

Offline redemption:

• Find an exchange dealer with a physical store (check their qualifications) and exchange Hong Kong dollars or RMB in person.

The Ultimate Freeze Protection: Decentralized Operations

• Multiple backup cards: Have at least 3 “backup cards” from different banks to use in rotation.

• Controlled amount: A single withdrawal shall not exceed 30% of the monthly average card turnover (monthly turnover of 100,000, single withdrawal shall not exceed 30,000)

• Try with a small amount first: Before making a large withdrawal, try withdrawing 1,000 yuan first, and then continue after 24 hours without any problems.