Want to cash out 1 million? Don't rush, read this article to avoid many pitfalls. Several friends of mine have stumbled at this step.
Method 1: In-person operation in Hong Kong
The safest method is to take a trip to Hong Kong. Find a legitimate exchange point there to convert U into Hong Kong dollars or RMB. Pay attention to a few points:
1. Exchange in smaller amounts multiple times, don't do it all at once
2. Choose an old store that has been open for many years, don't be greedy for exchange rate differences
3. Don't carry too much cash across borders, handle in batches
Method 2: Offshore Bank Card
This is suitable for prepared individuals:
1. First transfer U to platforms like Kraken
2. After exchanging for US dollars, transfer to an offshore bank card
3. Banks like ZhongAn Bank that support cryptocurrency are relatively easy to use
Prepare your card in advance, be aware of exchange rate losses.
Method 3: Binance C2C Trading
The most commonly used method, but be especially cautious:
1. Only choose merchants registered for more than 2 years
2. Look at the trading volume, don't touch those with too low volume
3. Absolutely do not trade offline! My friend was robbed of 500,000 last year during an offline meeting
Real Lesson:
Some people go offline to save on fees, only to end up with nothing
Some people trade on Telegram, and the other party disappears after receiving U
The worst case is being robbed while carrying cash
Remember: Making money is not easy, and withdrawing funds requires even more caution. Don't be greedy for speed or low prices, safety first. These methods are all tried and true, hoping to help you avoid those pitfalls.
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