The problem of frozen credit cards in China is becoming increasingly serious. "The money earned in the cryptocurrency circle is spent in the cryptocurrency circle. Want to take it home? Difficult!" Today I want to break this saying!
First, you can try the C2C withdrawal of the exchange. Choose a reliable exchange, such as Binance, and exchange your USDT for US dollars or RMB, and then withdraw it to the bank card. This method is simple and direct, but you have to be careful, because the risk of freezing the card is not low when trading directly with individuals. Even if you choose Binance's "Aegis" merchant, it is not 100% safe. Remember, don't be greedy for small bargains, choose those sellers with a slightly lower purchase price, although the exchange rate will suffer a little loss, but it is safer.
Next, P2P trading is also an option. On the P2P platform, you can directly exchange money with users, and the platform will also help you guarantee and reduce risks. However, you have to choose a buyer with good reputation. If it is a cash transaction, it is best to do it in a public place and bring a friend with you. Safety comes first.
For large-scale exchanges, OTC over-the-counter transactions are quite suitable. The handling fee is low, but you have to sign an agreement to ensure safety and compliance. The process is also simple. Make an appointment for the transaction, confirm the remittance terms, and transfer or deliver the funds.
Some countries also have cryptocurrency ATMs that can be exchanged directly for cash. Use CoinATMRadar to find nearby ATMs. The handling fee is a bit high, but the privacy and convenience are good.
If you are in the United States or certain parts of Europe, payment platforms such as PayPal and Revolut can also help you exchange cryptocurrency into legal currency and then withdraw it to a bank card. It's just that the operation is a bit cumbersome and the loss is average. Remember to use your passport to pass KYC throughout the process. As for the handling fee, try to use local transfer methods. SWIFT fees are not low.
Finally, cash face-to-face transactions are only suitable for trusted friends. The transaction location must be a safe public place, and it is best to have a third-party guarantee.
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