A Comprehensive Guide to Safely Exiting U

Recently, there has been a lot of discussion in the crypto circles about converting U to fiat, especially concerning the issue of bank card freezes, which has made everyone anxious. To be honest, I have been trading contracts and spot for two to three years now, using WeChat, Alipay, and bank cards, but I have never had my card frozen, nor have I even received a risk control call from the bank. A few days ago, someone privately messaged me asking, "How do you dare to use domestic accounts to receive money, aren't you afraid of being investigated?" The key point is quite simple—I never go through the OTC currency trader route.

Last month, I encountered a real-life example. A friend, looking to save trouble, asked a currency trader to convert 20,000 U, and as a result, the account from which the payment was made was involved in telecom fraud. Just half an hour after the money arrived, the card was judicially frozen, and he is still cooperating with the police for a written statement. Such incidents are too common in the circle, primarily due to issues in the funding chain. The money given to you by the currency trader might come from illegal gray market funds, money laundering, or even money from P2P lending defaults. Once this money is flagged by the anti-fraud system, your account could be frozen for a few days at the least, or at worst, classified as an "involved account," requiring you to run around the public security bureau, bank, and anti-fraud center; it can take two to three months to resolve.

Many people think that using Alipay or WeChat is more discreet than bank transfers, but this is a huge mistake. Last year, a leading exchange's OTC merchants were taken down, and the police identified over a thousand associated accounts through WeChat transaction records, even ordinary users were summoned for investigation. Now, third-party payment and bank data are fully interconnected, with every transaction being scanned in real-time by AI risk control. What’s more troublesome is that there is almost a "zero tolerance" policy for abnormal transaction flows in the country. I know a currency trader who was arrested last year; the police extracted 10GB of transaction records from his phone, and all user accounts that exchanged U through him were restricted from non-counter transactions, with some even having their mortgage repayments affected.

My own method is relatively secure. First, I choose platforms that hold a US MSB license, where the flow of funds is regulated throughout. USDT is first exchanged for USD/HKD, then withdrawn to an overseas bank account, completely avoiding the domestic banking system to elude anti-money laundering monitoring. Last week, I exited 5,000 U through compliant platforms like BiyaPay, first converting the currency to USD, and then choosing "wire transfer to a Hong Kong account," with the money arriving the next day. The platform also provides proof of the funding path, so in case of inquiries from the bank, compliant exchange certificates can be directly shown.

Ultimately, the core logic of exiting U is to legitimize and transparentize the flow of funds. Rather than anxiously gambling on luck, it’s better to use compliant tools to add a layer of insurance for yourself. Making money in crypto is already difficult enough, and there's no need to let low-level risks like bank card freezes destroy your profits.

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