In the crypto world, making money does not equal actually having it.

Many people already have hundreds of thousands in their accounts but stumble at the last step: cashing out.

At best, funds are frozen; at worst, you end up on a blacklist, unable to withdraw any currency.

So, I will share with you all the pitfalls I've encountered and the experiences I've summarized over the years of cashing out:

1. The two core principles of cashing out: real-name + compliance.

Cashing out is not as simple as 'just find a merchant to transfer'; it's a whole system engineering.

  • The platform you are using (Binance, OKX, etc.)

  • The blockchain you are using (TRC20, ERC20)

  • The account you are interfacing with (bank card, payment platform)


As long as there is a risk point in any of these, it will trigger risk control, and in serious cases, it can even lead to account freezing or currency being stuck.

👉 Beginners especially need to avoid 'get-rich-quick' thinking; take it slow, it's much safer.

2. Remember three principles: batch / small amount / multiple platforms

Don't think about cashing out in one go; that's just offering your head to the bank's risk control.

For example: if you want to cash out 100,000, the correct approach is as follows:

  • Split into 5-10 transactions, each 10,000 to 20,000;


  • Rotate receiving funds with different bank cards;


  • Mix using TRC/ERC chains;


  • Cross-platform transactions (like alternating withdrawals between Binance and OKX);


  • Don't rely on just one merchant, try to diversify.



✅ This is not a hassle; it's a risk hedging mechanism.


3. Prepare 'your receiving identity' in advance.

Don't let the bank see a bunch of 'private transfer' records with the note 'USDT'; it will trigger the risk control list immediately.

Suggestion:

  • Set the receiving identity as: 'overseas freelancer', 'remote consultant', etc.;


  • Payment notes: use terms like 'consultation fee', 'translation fee', 'technical service', etc.;


  • Never write keywords like 'currency', 'trade', 'contract', etc.!


You think the bank isn't watching, but they are.

4. Don't be greedy for black market exchange rates; be careful of losing everything overnight.

Many 'private merchants' indeed charge 1% or even 2% higher than OTC prices, but the reason is:

  • Source of funds unclear;

  • No risk control guarantee;

  • If something goes wrong, no one takes responsibility; if you lose your money, you can only accept it.


Cashing out is the highest risk stage; paying 1% more is not as good as being 100% safe.


5. The last point: cashing out is a one-way street.

The money earned from trading is just paper wealth if it isn't withdrawn; if something goes wrong, you can't even get it back the same way.

I've seen too many beginners earn hundreds of thousands, only to lose it all due to one operational mistake.

So, I'll give you eight words:

Slow down a bit, be steadier, be compliant, and safely cash out.

Last sentence:

Making money is just the starting point; being able to withdraw is the endpoint.

If you are also preparing to cash out or have concerns about fund safety, feel free to leave a message; let's discuss the most secure methods together.

Don't let the last step ruin all your efforts.#ETH重返3800 #美国与欧盟达成关税协议
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