Having been in the cryptocurrency circle for many years, I have seen all kinds of frozen card cases, big and small. To put it bluntly, no matter how much you earn, the money in the exchange is not yours. Only when you put it in your pocket and keep it safe is it yours. Today, I will popularize some practical unfreezing skills that I have summarized, and save them in advance just in case.
I met a friend before. Because he received black money from an exchange, all the assets in his bank account and exchange account were frozen. In the end, he had to pay back more than 300,000 yuan before the account was unblocked. Therefore, it is very important to "prevent it before it happens." Paying attention to a few points can effectively prevent your card from being frozen due to receiving black money.
(1) For OTC transactions, try to choose large platforms such as Binance. These platforms have better communication channels and risk control measures with mainland regulatory agencies and law enforcement agencies.
(2) Try to choose an OTC platform that supports T+1/T+2 withdrawal strategies. Although you cannot withdraw cash immediately after selling coins, it reduces the risk of money laundering through OTC transactions.
(3) Avoid directly using stablecoins such as USDT for OTC transactions. Instead, try to use mainstream currencies such as BTC and ETH for OTC transactions.
(4) The bank card used for OTC transactions must be a separate card that is not normally used and must be separated from salary cards, etc. This way, even if it is frozen, it will not affect the use of other funds. It will also be easier to explain the flow of funds when cooperating with the investigation. #Tony柯
(5) Bank cards used for OTC transactions should be issued by local banks as much as possible, such as city commercial banks and rural commercial banks in various places. Large and medium-sized joint-stock and commercial banks such as ICBC, ABC, CCB and CCB have branches all over the country, so law enforcement agencies can basically freeze their cards directly.
(6) Do not trade frequently with fixed merchants or fixed users. If the same user makes more than three indirect purchases in one day, or sells the goods a few hours after buying, it is very dangerous and may be suspected of money laundering.
(7) Find reliable OTC merchants to trade with. Try to actively accept orders from large merchants and market makers, place fewer orders, and avoid merchants in problem areas. In fact, as an ordinary user, it is difficult to tell which merchants are reliable. For example, a large number of friends who traded with merchants with high transaction rates also had their cards frozen.
(8) Reduce the frequency of cash withdrawals and increase the amount of cash realized.
(9) After the OTC transaction, do not transfer the money to other bank cards to avoid contaminating other funds. It will be troublesome to cooperate with the investigation. If you need money urgently, you can withdraw cash through ATM or spend it online.
(10) Try to cash out during weekdays. It is best to trade during normal working hours such as weekdays, such as between 9 am and 9 pm.
(11) Do not transfer the money out immediately after receiving it. After selling USDT for RMB, do not transfer it out immediately, but keep it in the account for a while.
