There are a few things you should pay attention to when withdrawing money, which can effectively prevent your card from being frozen when you collect black money.
(1) For over-the-counter transactions, try to choose large platforms such as Binance and EURUSD. These platforms have good communication channels and risk control measures with mainland regulatory agencies and law enforcement agencies.
(2) Try to choose an OTC platform that supports T+1/T+2 withdrawal strategies. Although cash cannot be withdrawn immediately after selling coins, it reduces the risk of suspected money laundering through OTC transactions. For example, Binance T+1 and Huobi Yanxuan (compared with free trading and T+2 withdrawal).
(3) Avoid using stablecoins such as USDT for OTC transactions directly, and try to use mainstream currencies such as BTC and ETH for OTC transactions.
(4) The bank card used for OTC transactions must be an independent card that is not used for normal use, and therefore is separate from the salary card, so that even if it is frozen, it will not affect the use of other funds. Investigation, it is easy to explain the cash flow.
(5) OTC transactions should use local bank cards as much as possible, such as urban commercial banks and rural commercial banks in many places. Since large and medium-sized commercial banks and joint-stock banks such as Gongnong Zhongjiazhao have branches all over the country, law enforcement agencies can basically freeze them directly.
(6) Do not conduct regular transactions with ordinary merchants or ordinary users. If the same user makes more than three indirect purchases in one day, or sells the goods a few hours after purchase, it is suspected of money laundering, which is very dangerous.
(7) Find reliable OTC sellers to trade with. Try to actively accept orders from large traders and market makers, reduce orders, and avoid merchants in problem areas. In fact, as an ordinary user, it is difficult to distinguish which traders are trustworthy. For example, a large number of friends who have dealt with Huobi Blue Shield service merchants have also been frozen.
(8) Reduce the frequency of withdrawals and increase the amount of cash.
(9) After the OTC transaction is completed, please do not change to other bank cards of your own to avoid contaminating other funds and causing trouble for cooperating with the investigation. If you are in urgent need of money, you can withdraw cash from an ATM or spend money online.
(10) Try to choose to withdraw cash on weekdays. It is best to choose normal working hours such as weekdays to trade, such as 9:00 am to 9:00 pm.
(11) Do not transfer the payment immediately after receiving it. After selling USDT for RMB, do not transfer it out immediately, but keep it in the account for a period of time.
The above are some measures to avoid being frozen by bank risk control. So what should you do if unfortunately your funds are frozen?
How do we explain that the card was blocked to prove that we are not involved in money laundering?
(1) Individuals who engage in normal Bitcoin transactions and are not involved in money laundering or other transactions;
(2) Not knowing that the proceeds from the sale of coins are suspected of being criminal;
(3) Cooperate and provide all transaction records, chat records, chain transfer records, etc.;
(4) You must be very clear that your digital asset transactions will not violate the law.
In an over-the-counter transaction, if the bank card used to withdraw funds is frozen by the police and judicial system, what documents will the other party require the individual to provide in order to lift the blockade?
The common information provided mainly includes: complete transaction records, such as bank card flow, on-chain transaction records, order records of trading platforms, WeChat chat records (including the content of the communication process) and other evidence that can prove the legitimacy of the transaction. Property, even proof of income, etc.
So what should you do if you unfortunately receive black money and your card is frozen?
Especially for players with slightly larger funds, they must be cautious when depositing and withdrawing money.
First, go to the bank where you opened your account to find out the reason why your card was locked and what the authority is for locking the card.
The reasons for card freezing can be summarized into two categories: bank risk control and public security freezing
1. Bank risk control. The bank's risk control can be attributed to the recent frequent transfers of large-value cards, decentralized transfers to centralized transfers, centralized transfers to decentralized transfers, fast entry and exit, frequent transactions at night and no balance in the account, collectively referred to as "large-value cards". Abnormal transactions. At this point, the bank's anti-money laundering risk control system was activated.
2. The police are frozen. Usually, the accounts that received other stolen funds are directly or indirectly related to the case. The public security organs will stop payment and freeze all accounts involved in the case to prevent the transfer of funds and facilitate the investigation of the case.
How to solve the reasons for the freezing of these two types of cards?
1. Freeze and control bank risks
Bring your ID and bank card to the bank where you opened your account and submit relevant reconciliation certificates. If there are any policy instructions from the public security department, you must go to the local public security department to cooperate with the investigation. If the anti-fraud central model control is activated, you must fill out the anti-fraud application form according to the requirements of the anti-fraud agency, and the assessment can only be unfrozen after the test is passed.
2. Deal with freezing police justice.
Observe the first 3 days. See if the suspension of payments will turn into a full freeze (extending for half a year). If it is officially frozen, please go to the bank where you opened the account as soon as possible to ask the name of the police unit that froze the card, the case number, and the name of the case officer. Then contact the responsible person to find out the reason for the card being frozen and cooperate with the police investigation. After verification that you have not committed any illegal or irregular behavior, your account will be frozen.
In general, we should try to use formal trading platforms and find large merchants, and only after capital verification can we withdraw funds in batches.
I hope everyone's funds can be safely in their own hands! Slowly accumulate trading experience and insights in the cryptocurrency circle, and after several rounds of bull and bear markets, you will definitely be a multi-millionaire.
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