Several key points for OTC withdrawals to ensure fund safety. The withdrawal phase in OTC trading is particularly important as it involves fund safety and legal compliance. To help you successfully carry out withdrawals, ensure you are in the transaction.
It can effectively reduce risks.
Choose large platforms. When conducting OTC trading, the choice of platform is crucial. Try to select well-known exchanges like Binance and OKEx. These large platforms not only have more advanced risk control technologies but also provide better protection for users. The deposits made by merchants are generally higher, effectively reducing the risk of dirty money inflow. Additionally, large platforms usually have good communication channels with regulatory agencies, allowing for quicker and more effective solutions when problems arise.
Bank card selection and dedicated management. When choosing a bank card, it is recommended to use China Merchants Bank or Bank of China, and avoid using banks with strict risk controls like Agricultural Bank. Maintaining fund liquidity is crucial; it is advisable to use different bank cards for deposits and withdrawals, ensuring that the withdrawal card is not mixed with daily consumption cards (such as mortgage cards, salary cards, etc.). This way, it can be easier to trace the flow of funds in case of problems and protect personal daily financial safety. After withdrawal, it is recommended not to immediately transfer funds to other bank cards, preferably allowing the funds to stay in the card for a week or a month. This can effectively reduce risks caused by transactions, especially in cases of reports, as the police may trace the flow of funds.
Choose quality merchants. On large trading platforms, it is particularly important to choose excellent merchants for transactions. For example, diamond merchants on OKEx and shield merchants on Binance, these merchants have a high number of transactions and good reputations, significantly reducing money laundering risks. Before conducting transactions, you can check the merchant's historical trading records to ensure they are legal and compliant.
Avoid illegal activities. When engaging in OTC trading, firmly stay away from all forms of pyramid schemes, fund pools, and other illegal activities. Ensure that the USDT in your possession has a clear source, and do not get involved in unnecessary troubles due to participating in illegal activities. A legal trading environment not only reduces risks but also safeguards future transactions.
Control transaction frequency. When withdrawing funds, it is advisable to conduct large amount, low frequency transactions. Avoid frequent small transactions, as they can easily be misjudged as money laundering activities, leading to account freezing or other legal issues. Satisfying long-term usage needs with a one-time withdrawal can reduce the risk of being monitored.
Choosing the withdrawal time is equally important. Try to make withdrawals during weekdays in the daytime, for example, from 9 AM to 6 PM. Avoid night-time withdrawals as this period is usually the most frequent for money laundering activities. Choosing the right time for transactions can reduce the likelihood of being investigated.
Transfer remarks. When carrying out deposits and withdrawals, be sure not to add any remarks, especially keywords related to cryptocurrencies. This is to avoid unnecessary regulatory attention and protect your fund safety.
