Cryptocurrency Withdrawal Pitfall Guide: How to Prevent Your Bank Card from Being Frozen?
When making money in the cryptocurrency world, the biggest fear isn’t a plummeting coin price, but rather—just when you want to withdraw, your bank card gets frozen.
Suddenly, your account is frozen overnight, funds are inaccessible, and you may be required to cooperate with an investigation. Many people only realize the real risk lies in the final step of “withdrawal” when it's too late.
Why might your bank card get frozen?
Dirty Money Influx: Some OTC merchants have unclear sources of funds; if you happen to receive “dirty money,” it could be flagged by the bank’s risk control.
Frequent Abnormal Transactions: Large, frequent transfers and quick withdrawals can easily mark your account as suspicious.
Innocent Entanglement: Even if you are innocent, if your card has interacted with funds involved in a case, you might get caught up in the investigation.
Five Major Recommendations for Safe Withdrawals
Choose Legitimate Platforms: Prioritize compliant major platforms like Binance and OKEx, where the trading process is more transparent and the platform's ability to assist in unfreezing is stronger.
Avoid Stablecoins: USDT is most easily identified by the bank system as “sensitive funds”; transferring mainstream coins like BTC or ETH is relatively safer.
Dedicated Card Usage: Prepare a separate regional bank card solely for receiving cryptocurrency funds, completely isolating it from your everyday main card.
Avoid Quick In-and-Out: Don’t rush to transfer out immediately after receiving money; keep the funds for at least 24 hours to help avoid risk control systems.
Choose Trading Times: Operate during banking hours, from 9 AM to 9 PM, and avoid large transactions at night or on holidays.
What to Do if Your Card Gets Frozen?
First, Stay Calm: Some freezes are temporary and may automatically lift within three days.
Contact the Bank for Clarification: Find out who froze the account, obtain the case number, and get the contact information of the investigator.
Prepare All Supporting Documents: Including platform trading records, on-chain transfer screenshots, and chat records with trading partners.
Cooperate with the Investigation but Stand Firm: Be cooperative in attitude, express that you are a normal trader, and firmly deny any involvement in illegal money laundering activities.
Why Do So Many People Fail to Get Their Cards Unfrozen?
Most people fail due to lack of evidence, poor communication skills, or the platform being unable to provide support.
Don’t Let a Bank Card Ruin Your Year’s Efforts.
Share this with friends who are still withdrawing via OTC; it could save them in critical times.
Stay alert to pitfall reminders, steadily earn cryptocurrency, and convert it with peace of mind.
