In the wave of virtual currency trading, many people have ventured into buying and selling USDT; however, the resulting issue of bank card freezing has become like a 'time bomb,' causing anxiety. Why does personal buying and selling of virtual currencies lead to bank card freezing? How can one cleverly resolve the crisis, successfully unfreeze the bank card, and ensure that their actions are legal and compliant, avoiding legal risks? Don't worry, the answer is below.

1. Why is the bank card frozen?


Since 2020, the country's control over virtual currency trading has been increasingly tightened. USDT, as a 'popular player' among stablecoins, due to its high liquidity and relatively stable price advantage, has unfortunately become an 'accomplice' for criminals in illegal fund transfers. This has led many friends involved in virtual currency buying and selling to frequently encounter the embarrassing situation of having their bank cards frozen, and this is not an isolated case, but rather a recurring issue.
However, it is important to note that the freezing of a bank card does not necessarily mean that one has violated the legal red line. In fact, in most cases, it is merely that the bank's anti-money laundering monitoring system has sensitively captured abnormal fund flows, triggering the freezing mechanism. Therefore, to ensure smooth transactions in the future, it is undoubtedly a top priority to thoroughly understand the hidden risks involved.


If you have made profits in the cryptocurrency trading world, but are worried about how to safely withdraw funds to a mainland bank card, don't panic; here are legal and reliable methods for fund transfer.
You might consider using a legal and compliant e-wallet like BiyaPay. The steps are simple: first, securely transfer your USDT from the exchange to BiyaPay; then, exchange it for USD at a precise 1:1 ratio; finally, you can confidently withdraw the USD to a compliant bank account. For example, through the Wise platform, you can smoothly withdraw funds to a Bank of China account or even to Alipay, all while strictly adhering to regulatory requirements, with no risk of violations.
In addition, the Kraken exchange is also trustworthy; it thoughtfully supports withdrawing USDT to legal bank accounts in the UK, and the entire fund transfer process is clear and straightforward.
By utilizing these carefully selected compliant withdrawal paths, you can cleverly avoid the 'minefields' of bank card freezing and need not worry about being mistakenly caught up in illegal fund transfers.

3. Practical Strategies for Unfreezing Bank Cards


In the unfortunate event of encountering a frozen bank card, do not panic; remaining calm and actively seeking solutions is the best strategy. The following practical tips can assist you:

(1) Present the transaction proof


Quickly gather and organize detailed transaction records, chat records with trading partners, and other key materials. These materials act like 'evidence puzzles' that can comprehensively and effectively prove the legality and compliance of your trading activities, clearly demonstrating the legitimacy of the fund flows to the relevant departments.

(2) The Path to Proving Innocence


If necessary, do not hesitate to provide legal proof of income, such as salary statements or investment income certificates, to unequivocally demonstrate to regulatory agencies that your fund flows have a solid legal foundation, without any traces of illegal activity.

(3) Rational Communication for Success


When communicating face-to-face with the public security agency, it is essential to remain calm and composed, and never act emotionally or impulsively. Clearly and systematically explain the various inconveniences that the freezing of your bank card has brought to your life and work, and present the various evidence you have meticulously prepared at the appropriate time. Use reason and facts to persuade the other party, striving to lift the freeze on your bank card as soon as possible.
In summary, when faced with the issue of bank card freezing caused by selling USDT, as long as you are familiar with the risks, master the techniques, and respond calmly, you will surely be able to break through successfully and protect your property rights.
It is necessary to remind you again that in China, activities related to virtual currency are considered illegal financial activities, including trading and speculation on virtual currencies. Even if some operations appear to be 'compliant,' they should be approached cautiously in the domestic regulatory environment to avoid falling into unnecessary legal risks.