How to Safely Withdraw Funds from the Cryptocurrency World?
A seasoned investor with ten years of experience shares some truths to avoid pitfalls. It's not that people haven't made money in the cryptocurrency world, but rather that many have withdrawn funds in the wrong way, ultimately losing their principal and incurring legal responsibilities. In 2020, I faced a situation where a seemingly 'ordinary' USDT withdrawal transaction resulted in my bank card and payment accounts being frozen, and I almost ended up in criminal proceedings. That experience gave me a completely different understanding of the phrase 'withdrawal safety.' Now, I am summarizing my practical experience from the past decade in hopes that you can avoid pitfalls, mitigate risks, and protect your principal. My experience with a frozen account happened at the end of 2020 when I withdrew coins from a mainstream exchange, converted USDT into RMB, and transferred it to my bank card before further dividing it into WeChat and Alipay for daily expenses. A few days later, I woke up to find: • My bank card was frozen! • Alipay and WeChat were completely suspended! • Customer service calls went unanswered! • I later learned that my account was frozen by the police in Anhui due to 'associated case funds.' Despite promptly submitting complete transaction records, chat proofs, trading flow, and salary statements, the police informed me: 'Virtual currency transactions are not protected by law; if you wish to avoid a long-term freeze on your account, we recommend compensating the victim's losses.' In the end, I lost tens of thousands just to quickly unfreeze my account. The biggest principle for withdrawing funds in cryptocurrency is simple: ️Safety always outweighs profit. In the cryptocurrency world, being able to withdraw funds safely is what truly counts as making a profit. Combining my ten years of hands-on experience, I categorize mainstream withdrawal methods into four types, thoroughly discussing aspects of safety, practicality, thresholds, and operational convenience.
