How to Safely Withdraw Millions After Making a Profit in Cryptocurrency?
Do you think that after making money in cryptocurrency trading, you can just find any buyer to cash out and everything will be fine? Not at all. While this method can quickly convert virtual currency into cash, the consequence may be that your receiving bank card faces a freezing risk of up to 90%. Once the bank card is frozen, during the process of unfreezing, law enforcement will require you to provide evidence to prove the legality of the transaction.
To avoid such troubles and ensure the safety of virtual currency withdrawals, you need to prepare the following before cashing out:
First, you need to thoroughly understand your buyer. This is a common concern for law enforcement. Cryptocurrency trading is different from traditional goods trading; you must fulfill your reasonable due diligence obligations. Before the transaction, carefully verify the counterpart's account information and bank statements, and firmly refuse transactions with buyers whose source of funds is unclear. Don’t engage in transactions with unidentified individuals just for small profits.
Second, keep a record of your chat history with the buyer to restore the transaction process. This chat history may become crucial evidence proving the legality of your transaction in the future.
Finally, promptly take screenshots and save the trading orders from the exchange. Exchanges usually only retain transaction records for 6 months; beyond this time, it cannot be retrieved. This is vital for proving the authenticity of your transactions later. Therefore, make sure to download and back up these transaction records in a timely manner.
Be sure to follow the above steps, or you may face the risk of having your bank card frozen, losing funds, and even facing imprisonment for involvement in aiding information network crime or concealing and hiding criminal proceeds.
Wishing all you traders to cash out successfully soon, may everything go smoothly, may you all make big profits, and earn the ideal numbers in your hearts!
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