1. Beware of the chaos of U-commerce
When withdrawing money from the cryptocurrency market, investors must be alert to various U-business chaos. Avoid being misled by fake MasterCard U cards, VISA cards, etc. These cards may have usage risks and personal information leakage problems. At the same time, be alert to the trap of receiving U at different prices. These behaviors may hide illegal activities such as money laundering. In addition, over-the-counter cash transactions are also full of uncertainties and illegal risks, and investors should try to avoid them.
2. Understand the reasons for freezing your card
Before discussing how to withdraw funds safely, it is important to understand the reasons for freezing the card. Bank freezing usually involves transfer notes involving virtual currency, frequent transfers and abnormal transaction habits, card disconnection actions, etc. Judicial freezing is usually caused by bank cards receiving funds from illegal activities such as online fraud and online gambling.
3. Strategies for achieving safe withdrawal
Abandon ineffective methods: Repaying the money immediately after withdrawal, investing, or using multiple cards to withdraw small amounts in batches cannot really reduce the risk of card freezing.
Follow the principles of safe withdrawal:
Exchange C2C: Choose a reputable C2C merchant and communicate in advance about frozen card compensation and other matters to ensure transaction security.
Apply for a foreign currency card: Apply for a foreign currency card that supports USD at a bank in Hong Kong or other places, and then convert it through the USDT-USD-CNY method. But please note that MasterCard and VISA are settlement companies and cannot directly issue bank cards.
Special methods:
Virtual credit card: For a small amount of funds (3,000 to 5,000 yuan), you can consider using virtual credit cards such as Dupay. After recharging through USDT, recharge Octopus (Hong Kong public transportation card) and choose to refund. The refund amount will be deposited into a mainland bank account at the real-time exchange rate. However, this method is only suitable for small amounts of funds, and the operation process needs to be cautious.
When investing in the cryptocurrency world, safety always comes first. Staying vigilant, following safety principles, and choosing formal channels for transactions are the keys to ensuring the safety of funds. At the same time, you should also continue to learn investment knowledge and improve your investment capabilities.
