Today, I will discuss how we made a billion in the crypto space; how should we withdraw this money? One billion is not a small amount, and if mishandled, it could easily attract bank scrutiny and even involvement in dirty money issues.
Next, I will provide a detailed breakdown of how to safely withdraw money:
One, the risks of selling U
Selling U on the platform comes with a significant risk of encountering dirty money:
Level 3 dirty money: Accounts are likely to be frozen for 3 days, and large amounts may be frozen for up to six months.
Level 2 dirty money: Accounts are frozen for 6 months, and funds may even be confiscated.
Level 1 dirty money: Concealment of criminal proceeds, starting from three years!
Two, how to avoid risks?
Don’t be greedy for cheap deals: Buying U at an absurdly low price or selling U at an unusually high price (for example, if the market is 7 yuan, you sell at 7.5 yuan), trading under such obvious anomalies can have serious consequences.
Don’t go to the platform or find U merchants: offline cash transactions are even riskier; the possibility of dirty money is high and could endanger personal safety.
Three, methods for safe withdrawal
1. Find familiar and reliable people for transactions: The other party gives you the money first, then you give them U. After receiving the money, check the funds; avoid any funds that have not been settled for more than 3 days or have excessively frequent inflows and outflows.
2. Withdraw slowly: For example, if you want to withdraw 10 million, withdraw about 200,000 daily through Alipay; being impatient can lead to mistakes.
3. If possible, avoid using bank cards: Selling for HKD is cumbersome, requiring qualifications, procedures, and special channels; don’t attempt it lightly if you are not clear.
Four, bank risk control
1. Small amounts: Banks generally won’t inquire.
2. Large amounts: If too much money enters the card daily, it may be restricted from non-counter transactions, and you can only withdraw money at the counter.
3. Clean background: If the money earned from selling coins is clean, the bank won’t ask too many questions.
With a 'criminal record': Banks will investigate very thoroughly.
Hong Kong withdrawal method: If you plan to exchange currency for withdrawal from Hong Kong, you must make a trip yourself. Remember, don’t carry too much U at once; spreading it out over several transactions is safer. Never go to unofficial currency exchange shops; be careful of being scammed.
• Card withdrawal method: You can transfer U to Binance and convert it to USD, then withdraw it to an overseas bank card, such as a Zhong An Bank account. Remember to get the card in advance and follow the steps to withdraw money.
• Binance C2C withdrawal tips: Binance C2C withdrawals are relatively reliable, but avoid high-risk platforms. When selecting merchants, look for those registered for over 2 years, with many transactions, and decent trading activity in the last 30 days. Transactions must be done in real name on the exchange; do not go offline or use TG for transactions, otherwise, it’s easy to get scammed.
Five, summary
Selling U carries a high risk; never be greedy for cheap deals or convenience. Find reliable people for transactions, withdraw slowly, and avoid getting caught by bank risk control or involved in dirty money.
