Let’s talk about the U card logic first: USDT → transfer to U card → spend/withdraw ¥

The biggest fear when withdrawing funds is receiving black money. Once your card is frozen, it is very difficult to unfreeze it. Friends who have experienced it know it well.

Uncle hats everywhere generally have a negative impression of parties involved in the purchase and sale of virtual currencies. Even if the party whose card is frozen is innocent, when communicating with the public security agency to unfreeze the bank card, he will be required to "refund the victim's involved money" as the reason for unfreezing. Prerequisites, and even worse, they will be labeled as "crime of aid" and "crime of concealment"

So how can you avoid having your card frozen? This is a common concern among people in the cryptocurrency circle, especially those who are in the cryptocurrency circle.

So in this article you will know:

- Why your card was frozen when you made a withdrawal (the source of the card freeze)

- Funding channels for cryptocurrency traders

- How to choose the right currency dealer

- What do you need to do after you receive the funds?

-Is the currently popular U card withdrawal reliable?

1️⃣Why your withdrawal was frozen

There is only one problem with all frozen cards, that is, the funds you received are involved in a criminal case. The card will only be frozen if you receive black money. For example, if the bank puts you under risk control for three days, that does not constitute a frozen card. It is simply that you triggered the bank's risk control. So don't be afraid, the bank's risk control will be automatically lifted in three days.

The card will only be frozen if there is black money. To give a simple example, if I transfer some money to you and I call the police, once my uncle files a case, the money will be turned from clean money into black money because it is involved in a judicial case.

Do you understand?

In many cases, your card will be frozen some time after you receive the money, which means that the victim has successfully filed a case with his uncle.

so!

If the money is black money, it cannot be transferred to your card in the first place.

If you want to understand whether the other party’s money is black money, you need to look at the funds of the currency traders in the market.


2️⃣ Funding channels for currency traders

The economy has been in a downturn in the past two years, and many people have participated in the black and gray industries. The closest thing to the black and gray industries is money. Because of the control of the two-card operations, 100% of people have entered the OTC industry and choose to use USDT to launder money. The normal profit of currency traders in the market is three-tenths of a profit, and those who specialize in money laundering can earn 3 yuan for a U, which is a full 30 times the profit!


3️⃣ There is too little clean capital in the market

This is the reality, because there are too many people doing black and gray business. The first stop for the black and gray industry to realize its value is the exchange. You can see a lot of people collecting exchange accounts on Xianyu, and they do this after collecting them. This is the last link in your withdrawal, and in fact it is also the last link in the realization of the black and gray industry.


The channels of funds for cryptocurrency traders on the market do not compete on whose money is clean, but on who filters the funds finely. Just like drying sand, the finer the filter, the less likely the cryptocurrency dealer will freeze your card, and you will be safe.


To be honest, the white capital is too little, and it has been filtered many times, so it cannot be traced back to you.


The risk you take in the market is very high. As long as you receive black funds, the uncle will come to your door. If you don’t handle it well, there will be two words: trouble!


The market has only solved the trust problem between the two parties, but it cannot solve the problem of black and gray funds. As long as the "Card Cutting Operation" continues to control bank cards, those black and gray industries can only go through the USDT channel, and those who go through the USDT channel can only go through currency traders and retail investors.


Once the victim goes to his uncle to file a case, the original white capital will become funds involved in the case, and your card will be frozen when you receive these funds.


Listen carefully, your purpose in the market is not to receive white money, but to avoid receiving anything cheated. You can only remember this one rule, which is to avoid receiving anything cheated. The rest is up to fate.


4️⃣How to choose the right currency dealer

Solve the problem of being cheated by choosing a currency dealer.

Selling USDT: You can only find reputable merchants. If there are not thousands of transactions and a 90% success rate, don’t even look at them. However, the prices are generally very low, but the card freezing rate is also relatively low.


Large amount of USDT: Look for SHIELD, the price will be lower. The lower the price, the higher the cost of risk control and filtering of funds. Try to pay it out at one time. Don’t look for a bunch of merchants to gamble on the probability, which will only increase the probability of your card being frozen. Don’t be crazy about SHIELD merchants. Twelve SHIELD merchants were exposed last year.


The most important point is that you must use your real name to pay. 90% of fraud is caused by not using real name to pay. Many merchants will use your family’s card to transfer money to you, saying that your card has a limit, or transfer part of the money to you first, then tell you that there is a limit and use other cards to transfer money to you, etc.


Those who transfer money to you make 3 yuan for one USDT, which is extremely fraudulent. The merchant accounts they use are all registered by others. Generally, a merchant account will be blocked after 3 months. It is all profit, and the merchant deposit can be refunded. Be careful of such people.


Other withdrawal platforms

Except for the two major exchanges (Binance and OUYI), novices are best not to even look at the other withdrawal platforms. Many withdrawal platforms are opened by the bosses of gambling websites, and the merchants there have not undergone real-name KYC review. The funds transferred to you are all gambling funds and other shady funds. Don't go there to move bricks. There are problems with those who charge U at a high price that is inconsistent with the market price, and if something goes wrong, the judge can infer that you knew about it and sentence you.


5️⃣What to do after receiving funds

You don't need anything, just use it normally when you need it. When there is no problem with funds, you can do anything. As long as there is a problem, all your actions will be useless.


6️⃣Is the currently popular U card withdrawal reliable?

1/ Let’s talk about the logic of U card first: USDT → remit to U card → spend/withdraw for ¥. Cardholders can bind apps such as Alipay, Meituan, and Ele.me, and use U card as a payment tool for domestic consumption smoothly, without having to go through the process of exchanging virtual currency for legal currency through OTC.


2/Is it legal to use the U card?

According to relevant policies of our country, virtual currencies such as Bitcoin are regarded as a specific virtual commodity and do not have the same legal status as currency. They cannot and should not be circulated and used as currency in the market in our country.


But using the international U card payment method seems to magically achieve the function of equating virtual currency with legal currency? In fact, it is not the case. The virtual currency that users recharge into the U card will be settled as foreign currency by the card operator. When users use the U card for transactions in China, it is no different from other bank cards with international payment functions. Because there is an international settlement agreement, domestic merchants, Alipay and other platforms still collect legal currency. So everyone can use it with confidence!


3/ Can using U card transactions avoid criminal risks such as aiding and abetting crimes and concealing crimes?

The reason for the crime of aiding and concealing the case is that the stolen money involved in the case was received from the upstream side into one's own bank card.

Therefore, many people think that if the money received on the card is U and there is no bank card payment involved, then there is no criminal risk. But this is not the case.


All types of U cards do not support transfers and can only be used for consumption or cash withdrawals. Therefore, it is impossible to trade with others through the U card itself or to transfer money in and out of the upstream and downstream, which greatly reduces the possibility of illegal transactions.


However, there are still people who use U cards to do arbitrage business: after both parties agree on the price difference between U and legal currency, they use their U cards to help others collect U, and the difference in cash withdrawn from the ATM is their profit.


If the transferred U is obtained through fraud, and you know it but still go for arbitrage, the upstream will transfer the ¥ obtained through fraud to USDT → transfer it to your U card → cash it out for ¥. Throughout this entire chain, what else can it be but a cover-up?


Final summary: If you use it yourself, it is completely OK


The chart is a comparison of USB cards on the market