How to safely withdraw money from the cryptocurrency world?
Recently, I was chatting with friends at a gathering about a very practical topic: if you really make money in the cryptocurrency space, how can you safely withdraw it? Previously, I only thought about how to buy and how to increase profits, but now I understand — being able to smoothly take the money out is the real skill.
Here are some common methods I have organized, for sharing experience only and not constituting investment advice:
① Withdraw from a legitimate exchange
After completing KYC, you can withdraw funds to an overseas account. Established platforms like Kraken are relatively stable. However, be especially careful to ensure the legitimacy of your funds to avoid future troubles.
② Foreign exchange quota transfer
You can transfer funds from an overseas account to domestic accounts using the annual foreign exchange quota of $50,000 per person. This is compliant but relatively cumbersome, suitable for those who have a plan.
③ Exchange with acquaintances
Many people rely on their network of acquaintances to conduct offline exchanges of USDT for RMB. The prerequisite is that the funds are clean and there is a strong foundation of trust; safety comes first.
④ U Card model
Convert cryptocurrency into RMB and deposit it into a virtual card, then bind it to Alipay or WeChat for spending. This is suitable for small daily expenses but has relatively high costs, not recommended for large amounts.
⑤ OTC (Over-The-Counter) trading
Although it is convenient and quick, the risks are also high, and you may encounter frozen cards or fund scrutiny. It is recommended to keep the amount small and not rush; safety is the most important.
In the end, withdrawing money is a skill in itself.
The truly skilled individuals are not those who earn a lot, but those who can discreetly and safely secure their profits.
If you have other withdrawal methods or practical experiences, feel free to share as well.
