好香港

最近比特币太强了，一直涨，基本不回调，按照近两周的表现，这个月突破10万毫无悬念，今年比特币100%会突破11万，再创历史新高，现货记得把车门焊死

Only those whose cards are blocked know the risks

The following are some cases of bank cards being frozen when withdrawing Bitcoin in mainland China:

- Case of Mr. Peng: After graduating from university, Mr. Peng worked in internet operations and started trading virtual currency through a friend's introduction. In December 2019, his bank card was suddenly frozen by the Guizhou Provincial Public Security Bureau, on the grounds of suspected virtual currency trading. After the assistance of a lawyer team, Mr. Peng's bank card was successfully unfrozen.
- Case of Ms. Wang: Ms. Wang is a university graduate with a major in computer science, frequently trading Bitcoin for cash on digital currency trading platforms. Because her trading platform only provided support for digital currency transactions and did not offer support for fund payment settlements, the fund exchange was conducted offline, resulting in her account being linked to criminal accounts. As a result, over 500,000 yuan in her account was frozen by a public security bureau in Henan. After representation by a lawyer team, her account was successfully unfrozen.
- Case of OTC merchants and players: In 2020, a wave of frozen cards occurred in the cryptocurrency space, and some merchants and players participating in OTC trading had their bank cards frozen. For example, a Weibo user sold coins for 50,000 yuan through the Huobi OTC trading area on March 9, 2020, and subsequently, their bank card was frozen.

These cases indicate that withdrawing Bitcoin and other digital currencies in mainland China carries the risk of bank cards being frozen. The main reason is that the anonymity and convenience of digital currency trading can be exploited by criminals for money laundering and other illegal activities, leading to related accounts being investigated and frozen by public security agencies.

Different HK Bank Cards

How did the US dollar suddenly depreciate on May Day?

Most people find it difficult to withdraw digital currency mainly for the following reasons:

Regulatory Policy Restrictions

- Many countries and regions have a cautious regulatory attitude towards digital currency, and even explicitly prohibit direct exchange transactions between digital currencies and fiat currencies. For example, China prohibits financial institutions and payment institutions from participating in digital currency-related business, which severely restricts the withdrawal channels for digital currency in these regions.
- Some countries, while not completely prohibiting, have set strict regulatory requirements for digital currency trading and withdrawals, such as requiring trading platforms to conduct rigorous KYC (Know Your Customer) and AML (Anti-Money Laundering) certification, which increases the difficulty and review process of withdrawals.

Trading Platform Risks

- Some digital currency trading platforms have issues with improper operation, chaotic fund management, and may even experience platform exits, leading to users' assets being unable to be withdrawn normally. For example, the former FCoin trading platform, due to poor management and funding issues, resulted in a large number of users being unable to withdraw.
- Trading platforms may suspend withdrawal functions due to technical failures, network attacks, and other reasons to ensure the safety and stability of the platform, which may also temporarily prevent users from withdrawing.

Characteristics of Digital Currency

- The transactions of digital currency have certain anonymity and decentralization features, making it difficult to trace the sources and destinations of funds, which can easily be exploited by criminals for money laundering and other illegal activities. To prevent money laundering and other illegal criminal activities, platforms and regulatory agencies conduct strict reviews of digital currency withdrawals, leading to a complex and difficult withdrawal process.
- The market price of digital currency is highly volatile, and some platforms impose restrictions on withdrawal amounts, withdrawal times, etc., to prevent users from making large withdrawals due to market fluctuations that could cause problems with the platform's cash flow.

Learning

It's very normal.

May Day in Hong Kong, let's get a card
Standard Chartered Bank is the hardest

Envy

Thank you, teacher

Remember the three iron rules:
- Don’t touch contracts with small coins (you will surely die)
- Exchange announcements are a death warrant (run quickly)
- Only play with mainstream coins (at least you die slowly)

$BTC $BTC

Using Victory Securities has become the mainstream for safe withdrawals. Below is feedback from a friend $BTC #币安Alpha上新 , stating that if you actually use ETH/SOL/USDT, the loss will be smaller.

Withdrawing digital currencies through WeChat and Alipay can lead to account suspension, mainly due to the following reasons:

- Policy and regulatory restrictions: Virtual currency transactions have always been in a gray area in our country, and regulatory bodies have repeatedly emphasized their illegal status. Payment platforms such as WeChat and Alipay must strictly adhere to laws and regulations, prohibiting any institution or individual from engaging in related businesses. Therefore, they maintain a 'zero tolerance' attitude toward activities involving virtual currency transactions.
- Anti-money laundering and risk monitoring: WeChat Pay and Alipay rely on advanced risk control systems that can accurately identify abnormal transaction behaviors. Digital currency transactions, due to their certain anonymity, are easily used for money laundering and other illegal activities. Once the platform detects suspicious virtual currency transaction records in a user's account, such as specific keywords or high-frequency small amount transfers, the system will automatically trigger an alert, and freezing measures will be taken to maintain financial order and ensure the safety of user funds.
- User reports: In the face of chaotic virtual currency transactions, many users actively report suspicious activities to WeChat Pay and Alipay. These reports provide important clues for the platform, helping to promptly identify and address accounts involved in virtual currency transactions.
- Police investigations: If digital currency transactions are related to illegal activities, such as telecommunications fraud or online gambling, the police may request payment platforms to assist in freezing related accounts to prevent fund transfers and further illegal activities.

Hong Kong bank cards being blocked for cryptocurrency withdrawals are mainly due to the following reasons:

- 🛡️ Anti-money laundering and compliance regulation: Cryptocurrency transactions have a certain level of anonymity and convenience, making them susceptible to misuse by criminals for money laundering, terrorist financing, and other illegal activities. Banks in Hong Kong must comply with strict anti-money laundering and anti-terrorist financing regulations, such as the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, which requires banks to verify customer identities and monitor suspicious transactions. If a bank identifies that a bank card is involved in cryptocurrency transactions and the transaction patterns are abnormal, such as frequent large sums of money being transferred in and out, or transactions with suspicious accounts, it may trigger the bank's risk control system, leading to card blocking measures to cooperate with investigations and avoid regulatory penalties.
- 📊 Bank risk control: The cryptocurrency market is highly volatile and risky, and lacks effective regulatory mechanisms, making it difficult for banks to accurately assess and control the associated transaction risks. To protect customer funds and their own interests, banks will conduct strict reviews of accounts involved in cryptocurrency transactions. If abnormal transactions or potential risks are identified in the account, such as unclear sources of funds or risky counterparties, banks may block the card to prevent further risk escalation.
- ⚖️ Compliance with regulatory policies: With the development of the cryptocurrency market, the Hong Kong government has been increasing its regulatory efforts on digital asset transactions. Some banks may proactively restrict or block accounts involved in cryptocurrency transactions due to concerns about regulatory risks, ensuring their own compliance and avoiding investigations and penalties from regulatory authorities.
- 🔍 User identity and information issues: When providing financial services, banks must adhere to the principle of "Know Your Customer" (KYC). If a user frequently engages in transactions using cryptocurrency but fails to provide legal and compliant identity information, or if the provided information is deemed untrue, inaccurate, or incomplete, the bank may consider the transactions suspicious, leading to card blocking for further verification.$BTC $ETH $XRP

#空投防骗手册
Due to the differences in characteristics, market acceptance, and technical stability of various cryptocurrencies, there are different degrees of risk. Below is an analysis of the risks associated with some common cryptocurrencies:

Bitcoin (BTC)

- Price volatility risk: As the representative of digital currency, Bitcoin's price is highly volatile, influenced by market supply and demand, investor sentiment, macroeconomic policies, and other factors, which may lead to significant fluctuations in a short period, bringing huge asset volatility risk to investors.
- Regulatory risk: Countries have varying attitudes towards Bitcoin regulation; some adopt a cautious stance or even implement strict regulatory measures, which may restrict Bitcoin's trading and usage and affect its market value.

Ethereum (ETH)

- Technology upgrade risk: Ethereum continuously undergoes technological upgrades to improve performance and scalability, such as transitioning from a proof-of-work (PoW) mechanism to a proof-of-stake (PoS) mechanism. However, issues such as vulnerabilities and consensus disagreements may arise during the upgrade process, leading to network failures or hard forks, affecting Ethereum's stability and value.
- Competitive risk: With the development of blockchain technology, numerous public chain projects have emerged, competing with Ethereum in areas such as smart contracts and decentralized application (DApp) development. If Ethereum cannot maintain technological leadership and innovation, it may lose market share, resulting in a decrease in value.

Tether (USDT)

- Credit risk: USDT is a stablecoin that claims to be pegged to the US dollar on a 1:1 basis, but the transparency of Tether's reserves has always been questioned. If Tether cannot maintain sufficient US dollar reserves or faces financial issues, it will lose its credit support, leading to a price crash.
- Regulatory risk: Since USDT is widely used as a medium of exchange in cryptocurrency trading, its trading scale is massive and regulatory challenges are significant. It is prone to being used for money laundering and illegal transactions, thus facing stringent regulatory scrutiny. Once regulatory authorities identify any violations, trading may be banned or subjected to severe penalties.

Dogecoin (DOGE)

- Lack of practical application value: Dogecoin was initially created as a joke coin, with relatively few technological innovations and practical application scenarios, primarily relying on market speculation and community enthusiasm to maintain its price.

Digital currency contracts are a type of financial derivative. They are agreements between two parties to buy or sell a certain amount of digital currency at a specific price on a specific future date. Below is a detailed introduction to it:

Trading Model

- Two-way trading: Investors can buy contracts (go long) when they anticipate the price of digital currency will rise, and they can also sell contracts (go short) when they expect the price to fall. There are profit opportunities regardless of market fluctuations.
- Leverage trading: Contract trading usually offers leverage, allowing investors to control a large number of digital currency contracts with a smaller amount of capital. For example, with a leverage ratio of 10 times, an investor only needs to invest $100 to trade contracts worth $1000. While leverage amplifies profits, it also magnifies risks.

Delivery Method

- Perpetual contracts: There is no fixed delivery date; as long as the contract is not closed or actively closed, it can be held indefinitely. Its price is closely linked to the spot price of the underlying digital currency through a funding rate mechanism.
- Regular contracts: There is a fixed delivery date, such as one week, one month, or several months. On the delivery date, settlement is made based on the agreed contract price and the current market price, completed with cash or the physical delivery of digital currency.

Risk Characteristics

Due to the high volatility of the digital currency market itself and the leverage characteristics of contracts, trading in digital currency contracts carries extremely high risks. A slight price fluctuation can lead to significant losses for investors, potentially resulting in a total loss of principal in a short period. Additionally, contract trading also faces various risk factors such as market manipulation, technical failures, and platform risks.