When it comes to cashing out virtual currency, do you think you can just find any buyer to realize it?
That would be a big mistake. While the virtual currency is sold and the money is in hand,
the consequence of such a simple sale of virtual currency is that nine out of ten bank cards will be frozen.
Once the bank card is frozen, to lift the freeze, the public security authorities will require you to provide evidence to prove your innocence.
To provide evidence of a legitimate transaction, you must do the following before cashing out virtual currency:
First, how much do you know about the buyer? This is something the public security authorities often ask. Virtual currency trading is not like buying and selling goods; you must fulfill a reasonable duty of review. Before the transaction, review the other party's account information and bank statements; you must refuse transactions if the source of funds is unclear. Do not think that there is profit to be made by trading with any random person.
Second, promptly keep the relevant chat records of the virtual currency sale to restore the transaction process.
Third, promptly take screenshots and save the orders from the exchange. Currently, exchanges only retain transaction orders for six months; once the time exceeds, the transaction order cannot be retrieved, which is very unfavorable for proving a legitimate transaction.
Therefore, be sure to download and back up the virtual currency cash-out order records in a timely manner. Remember to follow the above processes; otherwise, you risk having your bank card frozen, losing your money, or facing serious consequences such as being accused of aiding and abetting or concealing a crime and going to jail.