Buying U: Skills and Risks
Want to buy U smoothly? There are many tips here. First of all, the longer the funds in your bank card are deposited, the better! Just like wine, the older it is, the better it tastes. In order to avoid receiving black money, OTC merchants have their own audit requirements, and the deposit time of funds in the card is the first step. Cards with funds coming in and out like a revolving lantern will not pass the first step of the audit. If you have normal behaviors such as daily life consumption on your card, it will be much easier to pass the audit! If you can provide a long-term financial trend chart of the same bank card, it will be a plus, just like cheating in a game.
Moreover, when buying U, you should start from the lowest price. If you have good transaction details, it is not a problem to buy the cheapest USDT on the market! However, the cheapest OTC dealers are also the most strictly audited, recording videos to check transaction details, Alipay and WeChat withdrawal verification, KYC real-name authentication, signing USDT purchase and sale contracts, etc., all of which are required, and it feels like going through five levels and six generals!
However, buying U is to remit money to others, and there is a "big pit" here - freezing risk, that is, protective freezing. Think about it, if the recipient is engaged in telecom fraud, money laundering, point running, or online gambling, the police will definitely take measures to protect the safety of the funds on your card! But don't panic, if you carefully select OTC merchants when buying U, and look for those that have been registered for a long time and can receive payments under real names, the probability of encountering such a thing will be much smaller, after all, this is a low-probability event.
Tips for Safe Withdrawal from Exchanges
Withdrawing money is a technical job. Here are the three elements of withdrawing money. Please take note of them in your notebook!
One is to trade on a major exchange, which is like buying things in a reliable shopping mall.
Second, we need to strictly review merchants. Those with a registration time of more than 2 years and a total number of transactions are the best. Merchants with relatively few transactions in the past 30 days are our first choice. Third, both parties must use real-name payment. With this combination of measures, the probability of being frozen will be greatly reduced. Even if you are unlucky and are frozen, it will be relatively easy to unfreeze later.
Also, don’t do transactions that don’t go through exchanges, offline cash transactions, or use TG chats or WeChat to discuss transaction details! It’s like walking on the edge of a cliff. If you’re not careful, you’ll be crushed to pieces!
Large amount of cash withdrawal and bank risk control
When withdrawing large amounts of money, in addition to freezing issues, you must also pay attention to bank risk control. Bank cards that have not been used for a long time or have little flow are indeed more likely to be subject to bank risk control, but this is also a low-probability event. Just like here, many customers have not reported that they have been subject to risk control for remittances of more than one million yuan, but there are also customers who have triggered bank risk control for 70,000 yuan. However, even if they are subject to risk control, the remitter can cooperate well and the problem can be solved. Most of the bank's risk control is to protect the remitter's funds and prevent you from being a bad guy who commits fraud and money laundering.
Everyone should also pay attention to avoid fast in and out, multiple in and one out, one in and multiple out, and large in and out at night, which are easy to trigger the bank's anti-money laundering risk control. If conditions permit, put some balance in the card, or buy some financial management. When you are not in a hurry to use the money, don't make a large amount at once. It is better to be safe.
OTC merchants: The water is too deep, be cautious when entering the industry
Many newcomers want to become OTC merchants to make money. I have to advise you that this business is too complicated and full of temptations. Many people can't resist and end up falling. I will point you in the right direction.
First of all, you have to ensure that you do not accept any fraudulent money. If you cannot do that, don’t get involved in this business. 100 OTC merchants may have 100 different practices, but the key to not accepting fraudulent money is to look at the audit requirements. You have to be able to read the transaction details and prevent Photoshop. Some bad guys record your screen with fake bank apps! KYC real-name authentication, contract signing for buying and selling USDT, risk and safety reminders to customers, confirmation of the real purpose of customers buying USDT, exchange account verification, contract fee verification, etc. These verification methods are all necessary.
The second is the bank card flow problem. Many people’s cards are no longer usable, and WeChat and Alipay are also useless. You can’t use the cards of family and friends, as this will implicate them. Some people use Taobao payment and Alipay password red envelopes. I admire their "brain holes", but these are all minefields! Of course, some large transactions are related to banks, or you can directly buy hundreds of millions of financial products to become a VIP, which is also a way.
Small and frequent withdrawals: a blessing or a curse?
Many people think that it is safe to withdraw money in small amounts multiple times, but this is not the case. Black money does not care about the size of your amount. You may get your money frozen if you withdraw 500, 50,000, or 5 million. And multiple withdrawals will only increase the probability of receiving black money. Therefore, it is best to plan the funds you will use in a certain period of time, find a safe OTC merchant, withdraw all at once, and reduce the frequency of withdrawals. This is the only way to be reliable.
Offline cash transactions: full of dangers
Offline cash transactions and cash transfers are becoming more and more dangerous! There are all kinds of scams, such as robbery, real and fake money, and real and fake U. And you don’t know the source of funds of the person who gives you cash. If something happens to him, you will be implicated. If something happens, it is basically a black hand. Now when the police are investigating a case, if they see TG chat software chatting about transactions, only accepting cash or withdrawing cash on the spot, they will think there is a problem. If things go wrong, they will determine that you constitute subjective knowledge, and the court may sentence you to the crime of assisting information network criminal activities (assisting trust crime) and the crime of concealing the proceeds of crime, so don’t choose offline cash and cash transactions, it’s too scary!
Those “magic operations” after withdrawing funds: Are they really safe?
Some people say that it is safe to pay off credit cards, purchase financial products, or transfer to a securities account immediately after withdrawing funds.