Earned 1 million in the crypto world, ready to cash out? Made 1 million, ready to cash out? Especially for beginners, you must bookmark this guide!

1. Cashing out in Hong Kong: A personal trip is necessary

Operation method:

Go to Hong Kong and exchange USDT or other cryptocurrencies 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 monitored or triggering risks.

Avoid carrying a large amount of funds at once to prevent trouble.

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

2. Cashing out via overseas bank card: Safe but requires advance 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 WeBank or other banks that support crypto transactions.

Precautions:

Obtain an overseas bank card in advance to ensure smooth fund withdrawals.

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 via Binance C2C trading: Flexible but requires caution

Operation method:

Use the Binance C2C platform to exchange USDT for RMB 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 freezing due to abnormal transactions.

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

⚠️ Real case warning

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

Legal risk: Offline trading may be deemed illegal and lead to legal disputes, both parties may be victims.

Reminder: The crypto world is full of uncertainties; invest rationally and prioritize safety! Remember the solid strategy to cope with market changes!