Recently, during the release of articles about frozen cards, many users asked about the risks related to deposits and withdrawals. In fact, there is basically no need to worry about deposits; as long as the deposits are made through the exchange, there is generally no risk. The concerns about frozen cards, risk control, and other issues usually arise during withdrawals!

Today, I will provide a detailed introduction to the two methods of withdrawal and their corresponding characteristics. In virtual currency trading, withdrawal is the process by which users exchange virtual currency for fiat currency. The main methods include withdrawing through OTC services within the exchange and over-the-counter trading outside the exchange. These two methods differ in terms of process, convenience, and risk.

I. Exchange OTC Withdrawal

Exchange OTC refers to currency buying and selling conducted through the exchange platform, with the following main characteristics:

  1. Platform Matching Transactions: The exchange acts as an intermediary, providing transaction matching services for users and merchants, and ensuring transaction security.

  2. Real-name Verification and Risk Control Mechanism: The platform conducts strict certification of participating merchants, requiring real-name registration and a certain amount of deposit. For example, becoming a certified merchant on OKX or Binance requires freezing tens of thousands of USDT as a deposit.

  3. High Capital Transparency: The exchange monitors the transaction process, sanctions irregular operations (such as non-real-name payments or abnormal transaction prices), and assists users in resolving issues like account freezes caused by risk control problems.

II. Over-the-Counter Trading Withdrawal

Over-the-counter trading allows users to conduct private transactions directly with each other through social platforms (such as WeChat groups, Telegram groups, etc.), with characteristics and risks including:

  1. No Third-party Guarantee: Both parties in the transaction exchange currency directly, lacking the security guarantees of an exchange.

  2. Identity Opacity: The identity and source of funds of the counterparty involved in the transaction may be unverifiable, and the funds may originate from unclear sources.

  3. Potential Hazards: Over-the-counter trading is prone to abnormal transaction prices, cash payments, and other uncommon trading methods, which may lead to the risk of frozen funds and lack formal process protection.

III. Main Differences Between the Two Methods

Dimension Exchange OTC Over-the-Counter Trading Transaction Security Platform provides guarantees, risk control is relatively strict, lack of third-party guarantees, risks are self-borne, identity verification for merchants and users is strictly enforced, transaction object identity is difficult to verify, transaction prices are close to market levels but may deviate significantly from market prices, platform assists in handling frozen funds, transaction disputes, etc., users must deal with frozen, dispute, and other situations themselves.

IV. Risk Reminder

  1. Try to choose exchange OTC withdrawal: Withdrawing through exchange OTC can obtain the platform's security guarantee, which helps to avoid transaction disputes or capital risks.

  2. Avoid Irregular Trading Methods: Whether trading on or off the exchange, cash payments, excessively low or high transaction prices may pose capital risks.

  3. Choose Reliable Trading Partners: Prefer merchants or users with real-name authentication and pay attention to their trading history and credit records.

When choosing a withdrawal method, it is necessary to comprehensively consider convenience and security, prioritizing the protection of one's own funds and account security.



Finally, users who trade frequently can use my link or invitation code to receive rebates and save on transaction fees! In addition to automatic rebates, I will also supplement the proportion from my side every month. Friends who haven't activated rebates should hurry to activate them!

Invitation Link: https://www.suitechsui.online/join?ref=H5ZTPLUR

Invitation Code: H5ZTPLUR