My dear friends, today I will talk to you about how to safely and legally cash out your cryptocurrency and protect your wealth in the ever-changing cryptocurrency world after making a fortune. This is of utmost importance!
1. A reliable way to withdraw funds legally
1. Withdrawal from Exchange
Large and well-known exchanges (such as Binance) are common withdrawal channels that can convert cryptocurrencies into fiat currencies and withdraw cash to your bank card. During this process, you must use your own bank card and strictly complete KYC real-name authentication in accordance with the exchange's requirements, and submit accurate and detailed identity information. This is the cornerstone of ensuring the safety of funds and smooth withdrawal.
(II) Withdrawal from overseas accounts
For those who have international transactions, opening an overseas account (such as a bank account in Singapore or Hong Kong) is an option. First, convert the cryptocurrency into foreign currency on the exchange, and then withdraw it to the overseas account. When opening an account, you must comply with local laws and regulations, clarify the purpose of the account, and ensure legal and compliant use.
3. P2P transactions
The P2P trading market of the exchange can also be used for withdrawals. Choose merchants with a long registration time, high transaction volume and success rate, and good reputation for transactions, and use real-name payment methods to avoid transaction failures due to inconsistent account information.
2. Large withdrawals avoid banks’ risk control radar
The bank's anti-money laundering system closely monitors the flow of funds. Large and abnormal transfers are easy to detect. We can avoid it in this way:
1. Withdrawal of small amounts in batches
Split large sums of money into multiple small sums, control the withdrawal amount within 100,000 yuan each time, and withdraw money in a low-key and stable manner to avoid alerting the bank.
2. Maintaining account activity
Use bank cards for daily small-amount purchases, deposits and withdrawals, maintain a certain balance in the account or purchase financial products, to show the bank the normal usage status of the account and enhance the credibility of the account.
3. Eliminate suspicious operations
Avoid "quick in and out" of funds, try to transfer funds during bank working hours, and properly keep all transaction records to prove at any time that the source of funds is legal and compliant.
3. Strategies for dealing with risk control
1. Handle the situation calmly
If you are unfortunately subject to risk control by the bank, do not panic. Contact the bank in time, truthfully explain the source of funds, organize and provide exchange transaction records, withdrawal records and other information, and actively cooperate with the bank in appealing. In most cases, the problem can be properly resolved.
2. Back up records in advance
Develop good habits in daily life and save all kinds of orders and withdrawal records of cryptocurrency exchanges. Contracts and payment receipts involving international transfers should also be kept in case of emergency.
IV. Summary of the key points for safe withdrawal
1. Strictly abide by the bottom line of laws and regulations, ensure that the source of funds is legal and compliant, and resolutely stay away from illegal means.
2. Choose exchanges and cooperative merchants carefully, put reputation first, and avoid financial losses due to problems of the other party.
3. Carefully plan the withdrawal plan and adopt a small-amount batch strategy to reduce the risk of large-amount transfers.
4. When it comes to international operations, consult professionals, clarify the legal requirements of the target country, and avoid acting blindly.#加密市场反弹 #比特币哈希率创新高 #比特币诞生16周年 $SHIB $DOGE $PEPE 
