It was agreed that we would make a million and then cash out and relax, but in the end, I returned to square one overnight - the account was frozen!

The truth in the cryptocurrency world is: making money is not the final step, safely cashing out is the ultimate boss level.

In recent years, incidents involving cash have been increasing - outright theft, fake money, fake USDT, various scams are emerging one after another. What’s more frightening is that you never know the source of the other party's funds; dirty money doesn't differentiate by amount, whether it’s 500, 50,000, or 5 million, any amount could be frozen by risk control. Frequent withdrawals make you more susceptible to being targeted.

I later understood:

Rather than making frequent small withdrawals, it’s better to plan your living expenses for a period of time in advance, cashing out all at once safely to reduce the frequency of withdrawals.

I have summarized 3 relatively safe cash-out methods 👇

① Binance C2C Cash Out

Choose a platform: prioritize Binance and try to avoid certain European platforms, as they have a higher proportion of dirty money.

Choose merchants: prioritize those with a long registration time, high historical trading volume, and real-name verification. Avoid offline cash transactions or private transfers through social media.

Pay attention to frequency: avoid frequent and large transactions, withdrawing in batches is more stable. If your account is actually frozen, contact customer service immediately and provide proof documents.

② Hong Kong Bank Card Cash Out (e.g., ZA Bank)

You can apply for a card online, making it convenient to convert USDT to Hong Kong dollars.

After selling for cash, you can deposit it at an ATM or spend directly.

Avoid using it solely for cashing in and out; maintain normal spending to keep the card active, reducing abnormal operations.

③ VISA / Mastercard Exchange Cards

Directly convert cryptocurrency to fiat and use the card for purchases.

Be aware of fees and exchange rates, as different platforms have different rules.

The security is relatively high, but cross-border fees and other costs must be calculated in advance.

The final rule for survival:

Avoid making large withdrawals all at once; instead, operate in small batches.

Try to avoid high-risk periods such as nighttime and holidays.

Remember: OTC merchants can only guarantee that the funds reach your hands, but bank risk control is another set of logic.

Making money is just the beginning; surviving to get the money in hand is the victory.

In the cryptocurrency world, it's not just about technology, but also your financial survival wisdom.

May every person who likes, bookmarks, and follows this article harvest abundantly in this bull market!

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