Let’s assume you earned a hundred million.
If you sell a lot of U every day and don't withdraw it, and it reaches 5 million, the bank will call you and visit your home, asking you to buy financial products, trusts, and insurance, and to join the VIP Gold Card.
If you sell U on the platform, you will definitely encounter dirty money, level three dirty money, not too much, frozen for 3 days, but if you have so much in your card, it may be frozen for half a year.
If you have level two dirty money, it may be frozen for 6 months or even confiscated. If the money is not too much, you can compensate 10%. It might be released, but if it’s too much, you might end up in serious trouble, and you won't be able to use the internet, cards, or loans for 5 years.
If you bought U at a very low price, or if you sell U at a particularly high price, the market price is 7 yuan, and you sell at 7.5. Then you are knowingly committing a crime. This would be a serious problem. So don’t try to get cheap U or sell U at an unusually high price.
If you receive level one dirty money, then there’s nothing to say, it’s a direct three-year sentence. The charge will definitely be concealing criminal proceeds.
If you are selling U, definitely do not go to the platform. Take my advice: be careful, it’s better to be safe than sorry. Do not go to the platform or look for U merchants. Also, do not engage in offline cash transactions, as cash transactions may involve a lot of dirty money, and your personal safety could be at risk. Do not put yourself in a dangerous situation.
You made money, I’ll tell you how to cash out. You find someone familiar to cash out, usually, they give you money first, you give U, then you verify capital. Do not accept funds that have been stagnant for more than 3 days, and do not accept those with too much frequent cash flow. Normal living expenses card flow is acceptable.
Even if you earn a hundred million, you don’t need to sell it all at once, sell slowly. For example, if you want to cash out 10 million, use Alipay slowly, cashing out 200,000 a day is fine. No need to rush. Rushing to sell can lead to problems. If possible, don’t use a bank card.
Many people talk about selling for Hong Kong dollars, this operation is particularly troublesome and requires a lot of qualifications and procedures. Don’t try it if you haven’t learned.
I just heard people say it could be done this way. Try it before saying it can be used.
If you sell less, the bank generally won't ask you.
But if your card receives this much money every day, it is likely to be flagged, so you have to go to the counter to withdraw.
There’s no way around this. It’s all to prevent telecom fraud and to stop you from lending your card to others.
If you are a person with a clean background, without involvement in drugs or crime, and you sell coins to make money, and the money is clean.
The bank won’t ask too much. You can rest assured.
But if you have any history, they will check very carefully.
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