If you've made 1 million in the cryptocurrency world and are preparing to cash out?

Don't act impulsively; you might end up back at square one overnight.

1. Cashing out in Hong Kong: Suitable for those who are bold and quick on their feet.

Method:

Travel to Hong Kong in person, find a foreign exchange point to exchange USDT for HKD/CNY.

Make multiple small transactions; don't be greedy and withdraw too much at once, as it can cause trouble.

Find a reliable store; avoid the risk of 'running away with the coins', which could cost you your money and life.

Note:

Don't carry large amounts of cash; Hong Kong police do check! Keep cash in HKD below 120,000 and in CNY below 20,000.

2. Cashing out through foreign bank cards: The first choice for cautious players.

Method:

Transfer from Binance to Kraken, convert to USD.

Withdraw to a foreign bank card (like ZhongAn Bank, HSBC Global).

Open the card in advance! Don't wait until the money arrives to apply for the card; it might be too late.

Advantages:

Safe, reasonable fees, compliant accounts, allowing for a good night's sleep.

3. Binance C2C cash out: Flexible, fast, and safe.

Method:

Use Binance C2C to find verified merchants for exchanging CNY.

Once the money is in your bank account, withdraw immediately; don't delay.

Note:

Choose merchants with over 2 years of registration and stable trading volume.

Avoid offline transactions, avoid Telegram trades, and don't trust 'bro, I'm a big player, I'll give you a high price'!

Everything should be online, use the platform for transactions, and avoid cash meet-ups.

A real warning:

It is said that someone was robbed while exchanging USDT offline, and they almost lost their life; it's better to be cautious than to be naive.

Illegal transactions can land both parties in trouble in court if something goes wrong.

Final note:

In the cryptocurrency world, making money is luck, cashing out is a skill, and staying alive is key for the next round!