What to do if your bank card is frozen while selling USDT? This approach can both unfreeze your card and mitigate risks!

Many friends have found their bank cards frozen while buying and selling USDT, which causes anxiety. So, why does personal trading of virtual currencies trigger bank card freezes? How can we legally and compliantly unfreeze it while avoiding legal violations?

1. Why was it frozen?

Since 2020, the government has strengthened the regulation of virtual currency trading, especially stablecoins like USDT, which, due to their strong liquidity and stable prices, have become a "tool" for illegal fund circulation. Therefore, it is not surprising that many people find their bank cards frozen after trading virtual currencies.

However, in reality, a frozen bank card does not necessarily indicate criminal activity; in many cases, it is simply because the bank triggered anti-money laundering monitoring. To avoid encountering similar issues in the future, everyone needs to understand the potential risks involved.

2. How to operate legally and safely?

If you made a profit from trading, but are worried that withdrawing to a mainland bank card might trigger a freeze monitoring, don't worry; there are still legal and safe ways to withdraw.

You can choose a legitimate e-wallet like BiyaPay to withdraw USDT from the exchange, exchange it 1:1 for USD, and then withdraw it to a compliant bank account. For example, you can withdraw to Bank of China or Alipay through Wise, which fully complies with regulatory requirements.

Kraken exchange also supports withdrawing USDT to a legitimate bank account in the UK, ensuring clear fund flow and simple operations.

By withdrawing through these compliant channels, you can avoid the risk of bank card freezing and not have to worry about being mistakenly identified as involved in illegal fund circulation.

3. How to unfreeze a bank card?

In case your bank card is frozen, the first step is to remain calm and actively communicate to resolve the issue. You can take the following steps:

Provide transaction evidence: For example, provide complete transaction records, chat logs, etc., to prove that your transactions are legal.

Prove your innocence: If necessary, provide proof of legal income sources to ensure the legality of fund flows.

Rational communication: When communicating with law enforcement, try to avoid emotional expressions, clearly explain how the bank card freeze affects your daily life and work, and present relevant evidence.