Recently, my friends around me have made a lot of money, asking me how to withdraw it safely! Don't worry, today I have compiled a few practical withdrawal tips to share, allowing you to safely and smoothly get your money.
Assuming you currently have 2 million USDT on your account and plan to withdraw, how should you proceed?
1. Withdraw coins from the BiyaPay wallet.
Firstly, BiyaPay has a legal license in the United States, ensuring a high level of security. Next, transfer your USDT to the BiyaPay wallet, where you can convert the currency into US dollars or other fiat currencies, and then withdraw to a bank account like Wise or OCBC.
Wise: You can transfer US dollars back to domestic Alipay, WeChat, or Chinese state banks. Although there are annual limits, it is very convenient to operate.
OCBC 360 Account: If you can open this account, you can withdraw cash directly in the country without the $50,000 limit, allowing for peace of mind when withdrawing!
Although there will be some fees, and you may incur a slight loss on the exchange rate, at least the money is 'clean', with transparent operations, allowing for secure withdrawals.
2. Withdrawal in Hong Kong:
If you can conveniently make a trip to Hong Kong, then you don't need to worry about online operations. However, there are a few points to note when going to Hong Kong:
Withdrawing in batches is safer: Don't carry a large amount of U all at once. Performing the operation in several batches will be safer and avoid risks.
Beware of unofficial exchange shops: While withdrawing in Hong Kong is convenient, some exchange shops are unreliable and may be scams. It is advisable to find reputable old shops to avoid losses.
3. Open an overseas bank account: from Binance to Kraken, then to the bank account.
If you have time and are willing to apply for an overseas bank card, this method is also very reliable. You can transfer coins from Binance to Kraken, convert them into US dollars, and then withdraw to an overseas bank account. For example, put it into a UK bank account with iFAST or a bank like ZhongAn.
Kraken's license is also fine, the path is legal, but you will have to pay some fees and exchange rate losses.
The most important thing for large withdrawals is bank risk control. If funds are frozen, sharing some practical tips can help you safely get through this risk control phase:
Avoid rapid in-and-out transactions: Especially when USDT just arrives in your account, immediately transferring it out will raise the bank's suspicion of abnormal trading activities.
Avoid multiple small transactions: Do not frequently make multiple small withdrawal transactions. If these add up to a large amount, their system is not foolish, and the bank will definitely suspect something is wrong.
Avoid large transactions at night: The bank's anti-money laundering system seems to be more sensitive at night, so try to avoid making large transactions late at night.
Well, these are a few withdrawal tips I have summarized. If you are still troubled by these issues in the crypto world, hurry up and learn them to ensure you can safely withdraw your money. Wishing future bosses good luck and prosperity!