The Most Professional Guide for USDT Withdrawals: How to Withdraw Safely and Avoid Freezing?
The growth of the cryptocurrency market has led more people to focus on safely withdrawing USDT, but many investors are concerned about their bank cards being frozen. Today, I will share a few legal and safe withdrawal strategies to help you avoid risks.
First, let's take a look at why bank cards get frozen?
Bank card freezing often occurs due to receiving funds related to a case, namely "dirty money." For example, if someone transfers money to you and the other party is investigated, the funds may be traced back as illegal, resulting in account freezing. Freezing usually happens after receiving the funds for some time, the process is complex, and unfreezing is difficult.
What risks are there in the funding channels of cryptocurrency merchants?
Due to the downturn in the market economy, many people have started engaging in money laundering activities through OTC platforms, which has made the funding channels of some cryptocurrency merchants very complex and high-risk. Many merchants adopt opaque funding flows to avoid risk control, which increases the risk of being traced. For investors, choosing a reputable merchant is crucial, especially ensuring they have compliant funding sources and transaction methods.
How to choose a suitable cryptocurrency merchant?
When selling USDT, be sure to choose a reputable merchant. An ideal merchant should have a high transaction success rate and ensure real-name payments. Avoid any anonymous transactions or merchants with unclear funding sources. Remember, "shielded merchants" are not absolutely safe, so be cautious.
If you are worried that withdrawing to a mainland bank card will trigger freezing monitoring, don't worry; there are still legal and safe ways to transfer USDT out.
You can choose a legal e-wallet like BiyaPay to withdraw USDT from the exchange to BiyaPay, then exchange it 1:1 for USD, and withdraw to a compliant bank account. For example, withdraw to Bank of China or Alipay through Wise, fully complying with regulatory requirements.
Kraken exchange also supports withdrawing USDT to legal bank accounts in the UK, with clear fund flow and simple operation.
Whether through OTC or other channels, it is essential to pay special attention to the legality of the funding source when withdrawing. Any funds from unclear sources will increase risks, and once there is a problem, subsequent operations will be very difficult.