Preface:
It is exciting to achieve profits in the crypto market, but many friends may overlook a crucial aspect: secure withdrawals. Last year, when I made my first large withdrawal (800,000 RMB), my bank card was frozen, and it took a lot of effort to get it unfrozen. This experience, bought with real money, I hope can help everyone effectively avoid risks when trading on Binance or other platforms, ensuring profits are safely secured.
Core lesson: Withdrawal risks are much higher than trading risks!
🔥 Three things to do before withdrawal (compliance basics):
Strictly audit counterparties (the most important!):
Reject 'three nos' users: Counterparties who have not completed real-name authentication, have no historical trading records, and have blank account information must not be touched.
Request proof of the source of funds: Be sure to ask the other party to provide recent bank transaction screenshots (key information can be redacted) that clearly show the source of funds (such as salary, investment returns, legitimate transfers, etc.). Unknown source funds are the biggest risk!
Prioritize platform-certified merchants/high-credit users: When conducting OTC trading on large exchanges like Binance, be sure to prioritize merchants officially certified by the platform or users with high credit ratings and long trading histories. Never trade with high-risk unfamiliar accounts for small price differences!
Completely retain evidence of the entire trading chain (key to safeguarding rights):
Communication records: Keep the complete chat records from inquiry, negotiation to final transaction (within the platform or through third-party communication tools).
Platform order proof: Clearly screenshot and save the order detail page from the trading platform, emphasizing the transaction time, amount, both account information, and fund flow.
Key operation screen recording: When confirming trades and releasing funds on platforms like Binance OTC, it is strongly recommended to record the entire process. This serves as strong evidence of the authenticity of the transaction and your compliance with operations.
Timely, permanent backup of transaction records (timeliness trap):
Beware of expired records! Order records from exchanges like Binance usually have a retention period (such as 6 months or 1 year). Once the withdrawal is completed, be sure to download the complete order PDF or CSV file within 24 hours.
Safe cloud storage: After encrypting the downloaded transaction proof, back it up on reliable cloud storage like Baidu Cloud or Google Drive to prevent loss of evidence due to local device loss or damage.
❌ Dangerous behaviors that easily trigger risk control/frozen cards:
Accepting off-platform direct exchanges (like USDT directly to RMB): Avoiding platform regulation carries a very high risk of receiving 'dirty money'!
Using a savings or salary card for withdrawals: It is strongly recommended to obtain a bank card specifically for cryptocurrency withdrawals to isolate risks!
Immediately transferring out large amounts or making scattered transfers after withdrawal: Allow funds to stay in the account for at least 24 hours to avoid triggering the bank's abnormal transaction model.
Feeling helpless after encountering a frozen card: Contact the bank where the account is held immediately to understand the reason for the freeze and the unfreezing process, and proactively contact the local public security bureau to cooperate with the investigation, providing all saved transaction evidence clearly and completely. At the same time, contact Binance customer service for assistance (if needed).
💡 Personal experience and heartfelt words:
After that unfreezing, I kept the 800,000 funds in the card on 'cold treatment' for 3 months before daring to use them; the anxiety and unease during that time were hard to express. Earnings in the crypto circle are hard-earned, so don't let your hard-earned wealth become 'risk assets' or even lead to legal troubles due to careless withdrawals.
Conclusion:
In the world of crypto, safety is always the top priority. Choosing reputable platforms like Binance with strict risk control for OTC trading and strictly adhering to safe withdrawal regulations is crucial for protecting one's rights. I hope my lessons can serve as a warning for everyone, achieving true 'profit freedom.'
