Earned a million in the crypto world, ready to cash out?

Made 1 million, ready to cash out? Especially for beginners, this guide is a must-save!

1. Cashing out in Hong Kong: Make a trip yourself

Operation method:

Go to Hong Kong and exchange USDT or other crypto assets for HKD or RMB at local exchange points.

It is recommended to cash out multiple times in small amounts to reduce the possibility of being noticed or triggering risks.

Avoid carrying large amounts of cash at once to prevent trouble.

Carefully choose reputable exchange shops to avoid risks like "running away with the coins".

2. Cashing out via overseas bank card: Safe but requires preparation

Operation method:

Transfer USDT from Binance to trading platforms like Kraken and exchange it for USD.

Withdraw to an overseas bank account, such as ZhongAn Bank or other banks supporting crypto transactions.

Notes:

Prepare an overseas bank card in advance to ensure smooth withdrawal of funds.

Pay attention to exchange rates and fees to minimize profit loss.

Overall risk is lower, but account compliance must be ensured.

3. Cashing out via Binance C2C trading: Flexible but needs caution

Operation method:

Use the Binance C2C platform to exchange USDT for RMB or other currencies through merchants with real-name authentication.

After the transfer is completed, withdraw the funds to a bank card.

When choosing merchants, pay attention to:

Registration time: At least operating for 2 years.

Transaction volume: High and stable trading volume to avoid account freezing due to abnormal transactions.

No offline trading is allowed to prevent cash transactions or through opaque channels (like Telegram) to avoid scams or robbery.

⚠️ Real case warning

Robbery risk: Some offline traders have been robbed for holding large amounts of cash or USDT, even endangering personal safety.

Legal risk: Offline trading may be classified as illegal operation, potentially leading to legal disputes where both parties may be victims.

Reminder: The crypto world is full of uncertainties; investment must be rational, and safety comes first! Remember steady strategies to cope with market changes!