How to safely cash out after earning five million USDT?

In China, activities related to virtual currency are considered illegal financial activities, including trading and speculation of virtual currencies. However, in some legal and compliant overseas scenarios, the following relatively safe cash-out methods can be considered:

Through legitimate cryptocurrency trading platforms

Look for large cryptocurrency trading platforms that are strictly regulated and compliant. These platforms usually have comprehensive security measures, anti-money laundering (AML), and know your customer (KYC) procedures. For example, Binance, Coinbase (compliant in some regions), etc. You can sell USDT at market prices on these platforms and exchange it for USD or other fiat currencies. Then, use the methods allowed by the platform, such as bank transfers, to transfer the funds to your legally compliant bank account opened overseas.

Over-the-Counter (OTC) Trading

With the help of reliable intermediaries: There are some professional OTC trading intermediaries that have strict identity verification and trading processes. They will verify the identity information and asset situation of both parties to ensure the safety of the transaction. During the transaction, both parties can negotiate the price, and the intermediary supervises the transaction process. Generally, the fiat currency will be deposited into an escrow account first, and once the USDT transfer is completed, the fiat currency will be transferred to the seller's account.

Find capable individual buyers: If you can find capable and reputable individual buyers, you can conduct offline or online transactions. However, this method carries higher risks, and it is essential to carefully assess the other party's reputation and financial strength. It is recommended to use lawyer witnessing or fund escrow methods to ensure transaction safety.

Regardless of the method used, careful consideration of tax issues is necessary. In many countries and regions, the profits from cryptocurrency trading may be subject to capital gains tax and other related taxes.