99% of retail investors have been misled by the top ten misconceptions about OTC trading. (I) (from CoinsRadar.net):

Bloggers all over the Internet are writing tutorials on how to get out of U safely, but if you look closely, they are writing about what to do after getting out of U and the card is frozen!!!

In the entire Internet OTC circle, there is actually no currency trader who can teach you how to get out of U absolutely safely. The absolute safety here means that the card will never be frozen, and you dare to pay with your life. In their eyes, this is actually a marketing gimmick.

Come on, today the author will expose the misconceptions that teach you to get out of U safely.

Misconception 1: No exchange or platform can guarantee that you can get out of U absolutely safely. The size of the platform is not important. What is important is the people you trade with and the safety of your funds. There are no good people doing regular OTC transactions in exchanges now. Basically, except for the newbies, they are the bad guys.

Misconception 2: No matter how many T+, the risk of freezing the card cannot be eliminated. It can be said that it is useless. If a bad currency dealer or retail investor buys your U, they can withdraw the currency immediately at T+0. It is useless if you set T+1-7. You can only withdraw the currency on the second day. If you limit the withdrawal of currency on the third day, he can give you a second tip. If you withdraw the currency at T+7, he can use options to hedge and transfer the currency away. It is meaningless to set a limit of a few days.

The OTC transaction funds in the currency circle cannot be guaranteed to be absolutely safe within 2 years. If you are given online gambling funds, the card may be frozen for 3-5 years.

Misunderstanding three: As above, your countermeasures have long been used by others, because the mainstream currency fluctuates greatly, most of them cannot set verification orders, the second is the loss is large, and the third is that the merchant deliberately sets a trap, first hangs the order, and you want to sell it for 20 minutes. At this time, the price goes up, and the merchant pays you. If it falls, the merchant cancels the order.

More importantly, after you sell mainstream coins to merchants, merchants cannot hoard mainstream coins. They will immediately hedge and exchange them for U in the coin-to-coin transaction, bear a 2,000 handling fee, and then sell U immediately. The money the merchant pays you is also from selling U, which is no different from selling U directly. The only difference is that the loss is greater.

Misconception 4: Don't use mortgage cards or salary cards. This is right, just like your girlfriend has a cold and you ask her to drink more hot water. It is correct nonsense. Aren't we discussing how to absolutely prevent the card from freezing?Now tell me how to remedy the situation after freezing the card?

Myth 5: Bank cards in small places are not easy to freeze? Brother, are you still living in the 1980s? Do you really think that uncle freezes the card by taking documents to offline outlets to freeze it?

Have you really seen the background of uncle's account? Have you seen the "Telecom Network New Illegal and Criminal Transaction Risk Event Management Platform"? All bank interfaces, financial accounts, and digital RMB on the market can be frozen with one click.

Myth 6: I don't know who your inconsistent statements are targeting? It is best for retail investors to trade with the same merchant to avoid the bank risk control model of decentralized transfers in and centralized transfers out in the flow. Isn't this the most basic knowledge?

Myth 7: Finding a reliable and trustworthy currency trader for trading, this is no problem, it is the core of the entire safe trading link, the top priority, and Uncle Liu has always told you that as an ordinary user, it is not difficult to distinguish whether a merchant is reliable. Uncle Liu has also quantified many standards for everyone.

Be sure to find a currency trader who promises to pay full compensation for frozen cards without reason, whether you are over-the-counter or exchange OTC.

What you need to find is a currency trader that you can absolutely trust, so that you can safely sell U.

So how do you distinguish a currency trader that you can absolutely trust?

First of all, real name: the currency trader must be able to check the real name, the contact information is the real name phone number, and the identity information and real estate certificate must be able to provide verification (people can run away, and even if the house is worthless now, he can't run away).

With these, you can add it to the list of currency traders you trust.

The most important point: the currency trader must promise to pay full compensation for frozen cards without reason.

Many people are under the guise of freezing card compensation, and of course there are many trolls who say that freezing card compensation is a marketing gimmick, so this gimmick must be turned into an executable plan, not just talk about it.

So why do we need the identity information and real estate information of the currency trader in the front? These can increase the default cost of the currency trader. It would be better if the currency trader is still an IP. He makes money by fame and influence, which is much more important than the amount of your transaction. You see that Liu Shu has been running a currency trader for so many years. Since Huobi, no one has complained that the card I traded with was frozen.

What are the criteria for freezing full compensation without reason?

As long as a transaction occurs, such as 100,000 yuan, whether it is a three-day stop payment or a half-year freeze, the currency dealer will pay in advance to inquire. If it is really the freeze caused by his own transaction, he will immediately pay the same amount of funds (100,000 yuan). , the original 100,000 yuan does not need to be returned, and all legal fees for unfreezing the bank card will be borne. The first amount of funds after unfreezing does not need to be returned, and no disputes will arise.

This is the standard for freezing full compensation without reason. To be honest, except for the Liushu team, I have never seen anyone on the market implement this standard. Those who say it is a marketing gimmick can be verified unconditionally. You are welcome to verify it in any way, and Alipay’s risk control can partially compensate you.

Many people will say that a promise is a promise, but what about execution?

Failure to do so is another matter. Whether you trade over the counter or on an exchange OTC, do not trade with currency dealers that do not give you identity information and real names. Do not trade with currency dealers that do not promise to freeze and pay full compensation without reason. Don't trade, no matter how nice the other party's words are and how safe your funds are.

Because without limits all promises are empty words.

This is the most important point. Turn all the promises given to you by the currency dealer into black and white words with legal effect. How can it have legal effect? Ask the currency dealer to sign a commitment letter for you, print it out, sign it and stamp it with your fingerprint.