How to safely withdraw 5 million from the crypto world?

1. Common Withdrawal Methods

1. Exchange Withdrawal

The most common withdrawal method is to exchange cryptocurrency for fiat currency through large exchanges (such as Binance) and directly withdraw it to a personal bank card. During this process, it is essential to complete real-name authentication (KYC) to ensure a smooth withdrawal.

2. Overseas Account Withdrawal

If you have an overseas bank account, you can exchange cryptocurrency for foreign currency such as US dollars and withdraw funds via bank transfer. Overseas banks generally have a higher acceptance of cryptocurrency, but you must comply with local laws and regulations when opening an account.

3. P2P Trading

Use the P2P market of the exchange to trade with reputable merchants. Ensure that you use real-name payment during the transaction for a safer withdrawal.

2. How to Avoid Bank Risk Control for Large Withdrawals?

Banks are usually sensitive to large withdrawals. To avoid being subjected to risk control, you can take the following measures:

1. Withdraw in Batches

Avoid withdrawing too much money at once. It is recommended to operate in batches, controlling each withdrawal within 100,000.

2. Keep Your Account Active

Keep your bank card active by regularly making purchases or engaging in financial activities to enhance the account's credibility.

3. Avoid Abnormal Behavior

Avoid frequent large transfers, especially withdrawals during non-working hours, to ensure that transaction records are clear and compliant.

3. What to Do If You Are Subjected to Risk Control?

1. Stay Calm

If your account is subjected to bank risk control, contact the bank immediately, provide relevant transaction records, and prove the legal source of funds, which usually allows for a smooth unblocking of the account.

2. Save Records in Advance

Be sure to properly save all certificates of cryptocurrency transactions, withdrawals, and transfers, so you can prove the legal source of funds when needed.

4. Summary

1. Ensure the legal source of funds and avoid trading through irregular channels.

2. Choose reputable exchanges and merchants to ensure transaction safety.

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