First of all, making money in the cryptocurrency circle must be cashed out for consumption, but withdrawing funds will face various problems. The most troublesome should be frozen cards. If involved in a case, one might say that I have only withdrawn to the exchange and have never had my card frozen. Of course, if you explode and go decentralized, there won't be much of a problem!
In simple terms, there are only a few ways!
1. Trading on the main exchange c2 within the market, this method is convenient and quick, with random matching for trading. The payment targets are not fixed, and whether the card is frozen depends on the safety of the merchant's funds. It cannot be said to be completely safe, nor can it be said to be completely unsafe. Some people have done transactions all their lives without any issues, while others have their accounts frozen immediately after receiving a payment, leading to a long judicial unfreezing process, which can take as short as three months or as long as six months. Sometimes, if luck is not on your side, you might even be labeled by the anti-fraud center for a five-year penalty, so it's a matter of perspective.
2. Withdraw to friends who trade around you. This method is definitely safe, as everyone knows each other well. However, when it comes to large amounts, it may not be so convenient since your friend cannot keep buying indefinitely; continuously buying would mean continuous losses. Moreover, how much money does he have to spend?
3. Withdraw to oil merchants. Currently, this market is also mixed, as there are many scams, various cryptocurrency scams, money scams, and various tricks that catch you off guard. Of course, legitimate oil merchants are definitely fine, but one should be wary of those who come with cash to buy your oil. You may not know the source of their cash, which might come from illegal cash-out methods or various scams, and by giving it to them, you are essentially aiding in their crime. Therefore, thorough scrutiny is quite important. Additionally, some people always think cash is the safest option, but it’s not necessarily true. If nothing goes wrong, that’s fine, but if problems arise, certain agencies can assume you knew about it, and then legal issues can arise!
4. Foreign compliant exchanges can withdraw legal currency. Currently, the sea monster allows direct withdrawal of various legal currencies, provided you have a foreign card. Actually, various transfer fees are also not very friendly. Furthermore, you can withdraw Hong Kong dollars through compliant exchanges in Hong Kong. The entire process can be traced, and you won't receive black funds. Of course, the requirements in various aspects are quite high.
In summary, no matter what method is used, there are certain risks and losses involved. The financial loss is generally between 3%-5%. Even compliance carries the same risk; so-called compliance just means more people are there to take your money because they are not charitable organizations. At the same time, the so-called regulation and endorsement are just to reasonably take your money away!