Since you want to withdraw money, you must have heard of frozen cards. In the cryptocurrency circle, the main reason for frozen cards is rampant scams. If you are not careful, you will receive these so-called black money when you sell your coins. In addition, the Bank of China is very strict in reviewing the flow of funds. For example, the central bank has previously issued a notice that if the single or cumulative transaction volume on the same day reaches more than 50,000 yuan, it must be reported.

If you make 100 million yuan from cryptocurrency trading, and suddenly you have so much extra money in the bank, how do you explain it? If they know that your money is virtual currency, will they freeze your assets when they cash it out? What should we do? Are we going to watch helplessly as we cannot withdraw the money we have worked so hard to earn in the cryptocurrency circle, or as it is frozen after we withdraw it?

First, if you withdraw funds OTC from the exchange, try to choose a Landon merchant that is recognized by the exchange.

Second, never withdraw money from a small exchange. If you need to withdraw money, choose a larger exchange like Binance.

Third, the bank card we use for deposits and withdrawals must not be a very important card of yours, such as your salary card or your tuition card, because once this card is subject to risk control, even your normal savings assets may be affected. In addition, there are too many ways for funds to flow in the card, and it is very inconvenient to explain clearly when filing a complaint.

Fourth, try not to trade frequently with the same OTC merchant.

Fifth, you cannot operate too frequently.

Sixth, after the transaction is completed, do not transfer funds to other bank cards quickly to avoid contaminating other funds.

Seventh, under non-specific circumstances, try not to go through u-commerce or offline channels.

The above are some methods of daily withdrawal. Of course, this is just a simple reference. Each of you in different countries still needs to operate according to your actual situation. Of course, as gold diggers with a big picture, we must be determined to achieve financial freedom. A8 and A9 are our ultimate dreams. So let’s discuss it next. If we really make A9 by speculating in cryptocurrencies, and we make 100 million, how can we withdraw it smoothly?

Because there are many people in the circle who have actually earned A9 and successfully left, so these methods are the industry consensus. The first industry consensus is run, which means profit.

We all know that the reason why there is a risk of your bank card being frozen is because the policy in the area where you are located does not allow you to trade digital currencies. So if you are in such an area and they really freeze your bank card and you are indeed not in compliance, you really have no choice.

In this case, most of us can think of a very simple and crude solution, which is to quickly find a country that can audit crypto assets, such as the United States. Of course, if you really want to obtain an identity, it still costs a lot. I won’t go into the specific cost here, but I can only say that these costs are still very small compared to ensuring the safety of large funds, and it is still very cost-effective.

The second option is Hong Kong’s policy advantages. This year, Hong Kong has completely relaxed its policies on our encryption industry. There are cryptocurrency ATMs everywhere on the streets. Is it feasible to exchange it into Hong Kong dollars in Hong Kong and then exchange it into RMB? Let’s take a closer look. According to Hong Kong’s new licensing system, which will take effect on June 1, individual investors will be allowed to trade larger-denomination virtual currencies, such as Bitcoin and Ethereum, in exchanges licensed by these institutions, provided that a series of measures such as knowledge tests, risk profiles and reasonable risk exposure limits are set up to provide protection. The current cryptocurrency exchange system in Hong Kong is voluntary and limited to customers with an investment portfolio of at least HK$8 million.