You have made 10 million yuan by speculating in cryptocurrencies. If you want to withdraw cash and exchange it into RMB, you have to find a U-merchant to trade with. You choose a U-merchant that looks reliable and are ready to exchange USDT for RMB.
The transaction process seems simple: you give the exchange a temporary withholding of USDT, the U-merchant transfers it to you, and after you confirm the receipt of the payment, the exchange releases the USDT to the U-merchant. But there is a big problem here, that is, the money the U-merchant gives you may be black!
How do you know if the money is clean? Some people say that it depends on the number of days it has settled, some say that it depends on the U-merchant's promise to freeze the card and compensate, and some people rely on the reputation of the old currency merchants. But to be honest, these are useless! The freezing of the card is like a time bomb. When it explodes depends on when the victim reports the case. Some people's bank cards were frozen two years later. At that time, they couldn't even find the exchange, so what's the point of appealing!
The reason for freezing the card is very simple:
First, you don't know where the money the U-merchant gave you came from, and whether there is any problem.
Second, even if there is no problem this time, it may be retroactively frozen a few months later because the previous funds were involved in the case.
Third, U merchants are targeted by the bank's big data because of their frequent transactions. Their cards are marked as high-risk. If you have transactions with them, your card may also be frozen.
Fourth, your own domestic card funds frequently flow in and out, which is different from before. The bank will also think that you have problems and freeze your card.
The logic behind this is that those online gamblers often use USDT transactions and frequently buy and sell coins on exchanges, causing their bank cards to be targeted by the anti-fraud center. Most of the bank cards of currency merchants are high-risk. If you trade with them for a long time, your bank card may also be labeled as "fraud".
