Made 100,000, want to withdraw? Be careful, you might end up empty-handed!
Many people on the market teach you how to "make money with coins," but no one teaches you how to safely withdraw the money you earned.
This article explains it all, especially for beginners making their first withdrawal; be sure to bookmark it!
Option 1: Withdraw in Hong Kong (suitable for heavy investors who have time to make a trip)
Many underestimate the efficiency of currency exchange in Hong Kong. If you bring USDT and exchange it directly for Hong Kong dollars or RMB, the transaction speed is astonishing!
However! Key reminders:
Don't exchange too much at once; multiple small exchanges are safer;
Only go to reliable shops; don't be tempted by low prices and get scammed;
Don't carry large amounts of cash around; in this day and age, safety is paramount!
Option 2: Withdraw using an overseas bank card (for a more secure option, needs prior preparation)
This method is suitable for players who plan ahead:
Binance → Kraken and other platforms → exchange for USD → transfer to an overseas account
The advantages are compliance and security, but be aware before operating:
Get your overseas bank card ready in advance;
Calculate the fees and exchange rates to avoid unnecessary deductions;
Ensure that the account is used for legitimate purposes to avoid being monitored by the bank.
Option 3: Binance C2C withdrawal (suitable for flexible operations with controllable risks)
The most common method, but also the most prone to issues:
Select a merchant on the Binance C2C page, exchange USDT for RMB, receive payment → withdraw;
Three major criteria for selecting a merchant:
Operating time ≥ 2 years;
Stable and high transaction volume;
Only transact within the Binance platform, absolutely no private transfers.
You might not know the bloody cases:
Some people were robbed in offline transactions, losing both USDT and cash;
Some had their accounts frozen after receiving payments; banks directly freeze accounts for anti-money laundering for at least 72 hours;
Making money in the crypto world is already difficult, and withdrawing is the final battle.
It's not that you haven't made money; it's that you haven't safely withdrawn the money you earned.
Every withdrawal is a test. Understanding the methods and avoiding risks is the mark of a true winner.
Making money relies on skills, keeping it relies on awareness. Don't trip up at this withdrawal step.