Earned a million in the crypto world, planning to cash out?
Earned 1 million, planning to cash out? Especially for beginners, this guide is a must-save!
1. Cash out in Hong Kong: Go in person. Method: Go to Hong Kong and exchange USDT or other crypto assets for Hong Kong dollars or Renminbi at local exchange points. It is advisable to cash out multiple times in small amounts to reduce the likelihood of being noticed or triggering risks. Avoid carrying large amounts of cash at once to prevent trouble. Carefully choose reputable exchange shops to avoid risks such as "running away with the coins."
2. Cash out via overseas bank card: Secure but requires prior preparation. Method: Transfer USDT from Binance to trading platforms like Kraken, exchanging it for USD. Withdraw to an overseas bank account, such as ZhongAn Bank or other banks that support crypto trading. Notes: Apply for an overseas bank card in advance to ensure that funds can be smoothly withdrawn. Pay attention to exchange rates and fees to minimize profit loss. Overall risk is lower, but ensure account compliance.
3. Cash out via Binance C2C trading: Flexible but requires caution. Method: Use the Binance C2C platform to exchange USDT for Renminbi or other currencies through a real-name verified merchant. After the transfer is completed, withdraw the funds to a bank card. When choosing a merchant, pay attention to: Registration time: at least 2 years in operation. Transaction volume: high and stable trading volume to avoid account freezing due to abnormal transactions. Strictly prohibit offline transactions to avoid cash transactions or using opaque channels (like Telegram), to prevent scams or robbery.
Real case warnings. Robbery risk: Some offline traders have been robbed for holding large amounts of cash or USDT, even endangering personal safety. Legal risk: Offline transactions may be classified as illegal operations, potentially leading to legal disputes, where both parties could be victims.
Reminder: The crypto world is full of uncertainties, investments should be rational, and safety comes first! Remember stable strategies to cope with market changes.
Daily focus: aave, bonk, sol, bnb, uni
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