How to safely cash out cryptocurrencies?

When cashing out virtual currencies, do you think you can just find any buyer to liquidate? You are very mistaken. While the virtual currency is sold and the money is in hand, the consequence of selling it so casually is that 90% of the time your receiving bank card will be frozen. Once the bank card is frozen, to lift the freeze, the public security authorities will require you to provide evidence to prove your innocence.

To provide evidence of a legitimate transaction, you need to do the following before cashing out virtual currencies:

First, how much do you know about the buyer? This is often a question asked by the public security authorities. Virtual currency transactions are not like buying and selling goods; you must fulfill your duty of reasonable review. Before the transaction, review the other party's account information and bank statements. If the source of funds is unclear, you must refuse the transaction. Don't think it's profitable to trade with just any random person.

Second, timely preserve the relevant chat records of the virtual currency sale to restore the transaction process.

Third, promptly take screenshots of the trading orders from the exchange and save them. Now exchanges only keep trading orders for 6 months, and after that time, you cannot retrieve the trading orders, which is very disadvantageous for proving your legitimate transactions. Therefore, you must promptly download and back up the records of virtual currency cash-out orders. Be sure to follow the above processes, otherwise, you risk having your bank card frozen, losing your money, or even being implicated in a crime which could lead to imprisonment.