Cryptocurrency Withdrawal Safety Guide: How to Avoid Frozen Card Risks?
After making profits in the cryptocurrency space, the withdrawal process hides crises such as sudden bank card freezes, preventing access to funds, and even getting involved in judicial investigations. 90% of investors underestimate this risk; here are the key coping strategies.
Analysis of Frozen Card Causes
Dirty Money Inflow: In OTC transactions, if the seller's funds are related to fraud or money laundering, your receiving account may be implicated.
Abnormal Transactions: Frequent large transfers and quick in-and-out transactions can easily trigger the bank's anti-money laundering risk control.
Passive Involvement in Cases: Even if transactions are legal, funds passing through problematic accounts may also be frozen.
5 Major Rules for Safe Withdrawals
Choose Large Platforms: Prioritize using mainstream exchanges like Binance and OKEx, as their OTC risk controls are stricter.
Avoid USDT: Stablecoins (especially USDT) are high-risk areas for frozen cards; using BTC/ETH is more secure.
Isolate Bank Cards: Set up a separate local bank card specifically for withdrawals, distinct from daily accounts.
Avoid Instant Transfers: After funds arrive, retain them for at least 24 hours before transferring out to reduce risk control alerts.
Standardize Transaction Hours: Operate during weekdays from 9:00 AM to 9:00 PM, avoiding large transactions at night or during holidays.
Emergency Handling for Frozen Cards
Wait 3 Days: Some temporary stops may automatically unfreeze.
Contact the Bank: Obtain information about the freezing agency, case number, and investigating officer.
Preserve Evidence: Organize complete transaction records, on-chain data, and chat screenshots to prove the legitimacy of fund sources.
Stay Calm and Cooperate: Emphasize that your transactions are normal and that you are unaware of any illicit funds to avoid contradictory statements.
Note: Most failures to unfreeze stem from insufficient evidence or communication errors. Prevention is far better than remedying after the fact; share this warning with those around you to stay away from frozen card traps!
