Earned a million in the crypto world, ready to cash out? Made 1 million, preparing to cash out? Especially for beginners, this guide is a must-save!

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

Operation Method:

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

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

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

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

2. Cashing out via overseas bank cards: Safe but requires preparation in advance

Operation Method:

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

Withdraw to an overseas bank account, such as ZhongAn Bank or other banks that support crypto trading.

Important Notes:

Obtain an overseas bank card in advance to ensure funds can be withdrawn smoothly.

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

Overall risk is low, but ensure the account is used in compliance.

3. Cashing out through Binance C2C trading: Flexible but requires caution

Operation Method:

Use the Binance C2C platform to exchange USDT for Renminbi or other currencies through verified merchants.

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

When choosing merchants, pay attention to:

Registration Time: At least 2 years of operation.

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

Strictly prohibit offline transactions to avoid cash transactions or using opaque channels (like Telegram) to prevent scams or robberies.

⚠️ Real Case Warning

Robbery Risk: There have been offline traders who were robbed due to holding large amounts of cash or USDT, even threatening personal safety.

Legal Risk: Offline transactions may be classified as illegal operations, possibly leading to legal disputes where both parties may be victims.

Reminder: The crypto world is full of uncertainties; investment should be rational, and safety comes first! Remember stable strategies to cope with market changes! #币圈暴富 #CPI数据来袭