I made 10 million yuan by speculating in cryptocurrencies, and I was so happy that I wanted to exchange the virtual currency for real money in RMB.

#DeFisoared across the board

So, you started looking for a U-merchant that could exchange USDT for RMB. After choosing and choosing, you found one that looked quite reliable.

You agreed that you would transfer the USDT to the exchange, wait for the U-merchant to transfer the money to your account, and then you would confirm the transaction, and the exchange would give the currency to the U-merchant. It sounds safe, right? But in fact, there are hidden dangers here - you don't know whether the money the U-merchant gave you is clean!

You might look at the number of days the funds are deposited, or ask the U-merchant to guarantee compensation for frozen cards, and then find an old brand, thinking that this is okay, right? But I'm sorry, these are not reliable! Because freezing cards is like a time bomb, and when it explodes depends on when someone reports it.

To put it bluntly, you don't know where the money your merchant gave you came from, and whether it is clean. Even if nothing happens this time, it may be suspended a few months later because of a previous money involved in the case. Not to mention that U Merchant’s own card may be targeted by the bank’s big data due to some mysterious operations, and the cards that have transactions with U Merchant may also be unlucky.

Also, if the funds in and out of domestic bank cards are too frequent, or if they are different from the previous trading habits, and you do not deposit money quickly, it may trigger the bank’s risk control and freeze your money directly.

To put it bluntly, big data is too powerful. Those online gamblers often use USDT, buy and sell coins on exchanges, and trade frequently, and as a result, their bank cards are blacklisted.

And most of the bank cards of currency card merchants are also high-risk accounts. If you deal with them more, your bank card may also be labeled as a fraud by big data. This is not a good thing! So, be careful when changing to RMB!