Initially planning to withdraw 1 million to enjoy life, unexpectedly, the account was suddenly frozen; such experiences are not uncommon in the crypto circle. Nowadays, the risks of cash transactions are increasingly prominent, with scams like outright theft, counterfeit currency, and various tricks emerging. More critically, cash transactions do not reveal the source of funds, and dirty money does not care about the amount; whether it’s five hundred, fifty thousand, or even five million, it can trigger account freezes. Frequent withdrawals only increase the probability of receiving dirty money, so it is generally advised to plan the funds needed over a certain period and choose a safe OTC merchant to complete the withdrawal at once, thereby reducing the frequency of withdrawals.
1. Binance C2C withdrawal
When choosing an exchange, prioritize platforms like Binance and avoid those with poor reputations, as the latter often involve more problematic funds and carry relatively higher risks.
Choose compliant merchants and legitimate channels, prioritize those with a long registration time and high historical transaction volume, and ensure real-name authentication is completed. Avoid offline cash transactions and social platform transactions to ensure all transactions are conducted through official platforms, which maximizes traceability and security of transactions.
At the same time, reduce frequent trading and large withdrawals. Avoid frequent large transactions; withdrawals can be made in batches to lower the risk of being targeted by risk control. If the account is unfortunately frozen, contact customer service immediately, provide necessary proof materials, and strive to restore account use as soon as possible.
2. Hong Kong bank card withdrawal (taking ZA Bank as an example)
When applying for a Hong Kong bank card, banks like ZA Bank support online applications, and the process is relatively simple, which can help achieve withdrawals and convert to Hong Kong dollars. After liquidating assets, funds can be deposited into the bank card via ATM or directly used for consumption.
During usage, pay attention to security and transaction frequency. Avoid frequent large withdrawals and maintain a low transaction frequency, which helps avoid monitoring by the exchange and banks. Additionally, "card nurturing" is also crucial; let the card participate in daily consumption rather than only for deposits and withdrawals to reduce risks from abnormal operations.
3. VISA / MasterCard consumption (exchange exclusive card)
Now some exchanges have launched VISA / MasterCard, which can directly convert cryptocurrency into fiat currency for daily consumption. These cards usually have a higher level of security, but be mindful of handling fees; some cards may charge cross-border transaction fees or withdrawal fees, so it is essential to understand the specific fees in advance.
Additionally, the consumption process may involve exchange rate conversion and handling fees, which should be determined based on the card type and platform rules.
It is worth noting that after discussing withdrawal methods, issues of withdrawal freezing and bank risk control are the top priorities. OTC merchants can ensure the safety of funds to a certain extent, but they cannot influence the bank's risk control decisions.
Therefore, making withdrawals in batches is necessary to avoid a large one-time withdrawal, and it can be done in smaller amounts over several times. At the same time, avoid operating during abnormal periods, and try not to make large transactions at night or on holidays to reduce the likelihood of being monitored by bank risk control.
