I saw a news report that a female master's degree holder was sentenced to one year in prison for cryptocurrency trading and had a criminal record. What went wrong?
It turned out that although she repeatedly confirmed with the merchant whether the U she received was clean, she still received the stolen money in the end and was finally sentenced for the crime of "knowingly committing a crime".
How to withdraw money safely in the cryptocurrency circle has always been an unavoidable topic. Today, Brother Meng will tell you how an honest person can withdraw money safely.
Let me tell you the answer first: use the Hong Kong Card!
Step 1: Go to Hong Kong in person to apply for a card. You can make an appointment with Bank of China (Hong Kong), HSBC, etc. There is almost no threshold. There is no additional cost except the travel expenses to Hong Kong. There is no tightening of policies at present, so go as early as possible.
Step 2: Go to Kraken or Hashkey exchange to complete KYC (currently a mainland passport is acceptable, as long as your IP and address prove that you are not in the mainland), then transfer the U to your Hong Kong dollar or US dollar and withdraw it to your Hong Kong card.
Step 3: Hong Kong cards all have UnionPay, so you can withdraw cash directly from ATMs in mainland China. The daily limit is 20,000 yuan, and you can set it to 80,000 yuan yourself, or you can just swipe the card. The important thing is that these are not counted in the annual foreign exchange quota of 50,000 US dollars per person, and there is no upper limit, you can even buy a house or a car, no problem.
Are you worried about the high frequency of withdrawals and the risk control? It doesn't matter. Just talk to your account manager and the manual customer service will explain it clearly. It's not a big deal.
Okay, let’s stop here for today. It seems simple, but many people are stupid enough to take the risk of OTC cash withdrawal, causing unnecessary trouble to themselves.
Finally, I wish everyone can make a fortune in the cryptocurrency circle and withdraw money safely!
