Market fluctuations, should you increase your position or wait? The millionaire's dilemma: how to safely exchange USDT for RMB?

After earning 10 million through cryptocurrency trading, you may be eager to convert this USDT into RMB. In this process, choosing a seemingly reliable U dealer (i.e., a merchant that provides exchange services between cryptocurrency and fiat currency) is a common practice. However, while such operations may seem safe on the surface, they actually conceal a number of risks.

Overview of the trading process

Step 1: You first need to transfer USDT to a designated exchange account as collateral.

Step 2: The U dealer will remit the funds to your specified bank account.

Step 3: After confirming receipt of the funds, the exchange will release the previously frozen USDT to the U dealer.

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