I have read hundreds of tutorials on how to withdraw money online recently, but very few of them actually get to the point. Many people have their money frozen outside the market, have their prices lowered by unscrupulous U-businessmen, or even have their funds contaminated by killing pigs in order to pay for a small amount of living expenses. They have fallen into trouble and are in trouble... These are all caused by information gaps. The so-called information gap, in the final analysis, is that you do not know who the counterparty of your transaction is. In the entire withdrawal game, you need to remember: the cleanliness of every penny is different. When withdrawing money, you must consider the worst outcome you can afford. There is no absolute risk control, but avoiding all known pitfalls can make it easier. You are more stable. First, let’s talk about the frozen card. There are roughly two types: internal payment stop by the bank, and police seizure (judicial freezing). Most people automatically defrost within 48-72 hours when first frozen. In fact, you can easily identify the reason for the freeze from the information code in the bank app. Taking ICBC as an example, the error code ending in 2587 is an "emergency stop payment", which is relatively mild and will be automatically unlocked after a few days. If it is 4343, it will basically start in half a year, and may even continue to be frozen for two to three years. It's possible. The frozen status of the card may also change at any time. For example, it was 2587 at the beginning, and then changed to 4343 or 9920. This is related to the source of funds involved. Both anti-fraud and banks can allow you to unfreeze funds from the counter. If it is online gambling funds, it is basically impossible to unfreeze them on your own. Documents proving the flow of funds will be forwarded by the bank to the police station, and you will have to go to the bureau for explanation. Why I said at the beginning that it is important to "find out the counterparty" is because you were selling coins to cash out normally, but the counterparty somehow used black money to trick you. Regardless of whether the other party did it intentionally or not, the result is that you will be accused of something that is not true, and you will have to work hard to wipe your own ass. You know, it's trivial to say that it's not a closet, it's even more painful to come to the door and knock someone down directly. But then again, as long as you don't engage in online gambling and the income from legitimate investments will be unfrozen no matter what. It’s just that some places are under great financial pressure, and some people are ugly and treat people in the encryption industry as cash machines, which makes people panic, so I won’t go into it here.
1) If you want to make money safely, you must first use the card to be "clean and hygienic"
In order to prevent money laundering, in addition to basic KYC, banks will also perform CDD and regularly check customers' transaction activities. Most bank card freezes caused by internal risk control are basically due to the bank's internal audit or the identification of abnormal transaction patterns. What is "abnormal trading pattern"? To put it simply, the following all count: Fast in and fast out High-frequency transactions at a specific time The amount exceeds the threshold Sudden change in trading habits Multiple consecutive large-amount transfers with different counterparties As for how much is considered a "large amount", generally the four major banks in first-tier cities The default threshold will be much higher. If you have opened an account in a third- or fourth-tier local bank in the past two years, you should know that the transfer amount is shockingly low.
2) Avoid using Alipay, WeChat and major bank cards to withdraw money
As large acquiring companies, Alipay and WeChat have much more big data than any other bank, and they have strong IT engineering capabilities, several levels higher than many local banks. This means that their risk control is stricter, and once frozen, it will greatly affect your daily life. Also don’t use your salary, social security and mortgage cards to withdraw money, for the same reason as above. Other idle cards will be frozen if they are frozen. The worst result is to close the account and withdraw cash, which will not seriously affect your life. Remember to apply for a "Category One Card" at each bank and strictly distinguish between deposits and withdrawals. You can label some of the cards to indicate that they are only for withdrawals, and do not transfer balances between cards or make funds exchanges. Reduce the frequency of your withdrawals as much as possible. Some people think that multiple small withdrawals are safer, but this is pure fart. All online gambling and gang-related money, no matter how big or small, whether it is one dollar or millions, will be frozen the same. A better frequency is to withdraw money at most 2-3 times a year. Calculate all your expenses in the future and withdraw them all at once. When withdrawing money, only use specific cards for transactions with the same U-merchant, and do not mix funds from different merchants. This will make it troublesome to trace back if there is a problem with the funds.
3) Some “folk antifreeze card remedies” that have been falsified
Immediately after withdrawing money, pay back your credit card. After withdrawing money, transfer to a brokerage account. After withdrawing money, buy bank financing and stocks. After withdrawing money, transfer to online merchant bank. Withdraw money on different trading platforms. Choose different U merchants to reduce risks. All of the above are gone. use. There is no difference whether you choose Binance or OKX as a trading platform. OKX’s merchants are basically Binance’s merchants, and the funds will be pooled together. The role of the platform is only to facilitate you to obtain evidence when encountering extreme situations, but it cannot prevent black money. The core reason for freezing your card is that the information between you and your counterparty is unclear. Once black money is received, all upstream links will be frozen. As long as the card is in your name, it will be difficult to avoid it. The freezing time depends on when the victim calls the police, so it is possible for someone to have their card suddenly frozen a few months or even half a year after withdrawing money. I made a small withdrawal in 2015. In 2022, China Merchants Bank suddenly called me and asked me what my relationship was with the transfer party for this transaction 7 years ago and what the funds were used for. They asked me to submit proof. It has been so long, where can I find information? Finally, I will close my account and say goodbye forever.
4) Several tips for withdrawing money
First of all, for cards that are usually idle, you need to confirm the status of the card before collecting money. Just transfer a few dollars on the bank mobile app. A friend once had a situation where his card was frozen but he didn't know it, and ended up charging another amount of money. Secondly, when selecting a U dealer that withdraws gold, as long as the handicap price appears to be inverted (the U's closing price is higher than the selling price), it is definitely a black U and a scorer. Don't be greedy for cheap and stay away immediately. Be sure to make sure that the U merchant uses your own bank card. Transfers made using non-personal bank cards will be returned immediately to the original route and the transaction will be terminated. Before the transaction, the merchant's funds must also be settled for more than 3 days. Bank risk control rules may change at any time. At present, it seems that funds deposited for more than a week are relatively safe. If the police files a case, it usually takes one week. In addition, when U merchants show the source of funds, do not trust static pictures, because they are likely to be PS. Real-time video confirmation of bank card flow (pull down to refresh, dynamic) is more reliable. Generally speaking, money borrowed through bank lending platforms is relatively clean, if you think about the specific reasons. Finally, we must beware of U-merchants raising prices on the ground. Some merchants rely on poor financial channels and poor information to settle customers' actual exchange rates by 10% or more than the market price. I myself suffered this kind of loss a few years ago. Please be sure not to believe the words of these merchants. To sum up, as long as you reduce the frequency of withdrawals, strictly select counterparties for transactions, and the funds are all legitimately obtained by you, generally speaking, you don’t have to worry too much about freezing your card. As for reasonable tax avoidance methods, we will talk about it later. Since there are so many risks to consider when withdrawing money, is there any low-cost and safe way to withdraw money? There are really three safest ways at present, and there is always one that suits you.
1) Open an overseas bank account