When you make money in the bull market and want to withdraw some pocket money, you accidentally receive black money. The bank card is frozen, which is the lightest thing. There may even be more troublesome things. Friends who have experienced it may not want to go through it again!

So how can you withdraw funds safely, stably and without risk? This article will share several legal "withdrawal" channels and methods to help you dispose of your assets while ensuring compliance.

Special statement: This article is only applicable to ordinary users whose funds are clean and used for personal consumption and normal investment.

1. Hong Kong licensed crypto exchange + brokerage channel exchange U

Currently, there are several licensed cryptocurrency exchanges approved by the Hong Kong Securities and Futures Commission. Through these channels, users can exchange USDT for BTC, ETH, or fiat currency (such as HKD or USD) and transfer the funds to Hong Kong bank accounts. This method has good compliance, clear fund flows, and lower market risks.

Advantages:

  • Good compliance, avoiding risks of dirty money and frozen funds.

  • Funds arrive quickly.

Disadvantages:

  • Mainland residents cannot open accounts directly and may need assistance from overseas relatives or friends.

  • For small operations, it may be necessary to go to Hong Kong to handle related procedures.

2. Leading Exchange OTC Trading

Through OTC (over-the-counter) services on major platforms like Binance, users can conveniently sell USDT. This method is simple to operate, but there may also be risks—such as encountering dirty money transactions, leading to frozen bank accounts or funds being processed by judicial authorities.

Recommendations:

  • Must carefully verify the credibility and transaction history of the trading counterpart, and try to choose trusted merchants.

3. U Card Cash Exchange

U Cards (e.g., MasterCard, UnionPay) can be used to exchange for cryptocurrency assets. Some U Cards can be linked to payment tools like WeChat for consumption, and the source of funds is relatively secure.

Risk:

  • U Card service providers may suddenly stop services, making funds in the card inaccessible.

  • It is necessary to carefully select service providers to avoid being affected by unreliable agents.

4. U Merchant Cash Exchange

The risk of exchanging U through U merchants is relatively high, similar to the risks of OTC trading, which may encounter dirty money transactions, leading to frozen funds or investigation by judicial authorities.

Recommendations:

  • Do not trust advertisements like 'frozen card guarantee' or 'frozen card compensation'; only transact with trusted partners to reduce risks.

5. Offline U Cash Exchange in Hong Kong

In Hong Kong, some physical stores offer U currency exchange services, usually requiring a Hong Kong bank card. These stores do not require customer information registration for small transactions (usually less than 120,000 HKD).

Advantages:

  • Low transaction costs, suitable for small exchanges.

Risk:

  • There is a lower chance of encountering black shops; choosing stable and long-established shops will reduce such risks.

6. Summary

Although there are various legitimate ways to 'cash out U', none of them are completely risk-free. All channels may have risks such as funds being frozen or receiving dirty money. Therefore, it is recommended that everyone be cautious when cashing out U, carefully assess the risks, and avoid making hasty decisions.