Option 1: Withdrawal from Exchange Coin Traders

Safety: Level 1

Liquidity: Level 5

Loss rate: Level 5 (the smaller the loss, the more stars)

When it comes to C2C deposits and withdrawals on exchanges, this is the most common way of buying and selling in the cryptocurrency world. It is impeccable in terms of both liquidity and loss. There will always be someone on the exchange to take your order, so you don’t have to worry about not being able to find a counterparty to trade with, and there is almost no loss.

But the key point is that you have no way to control whether the money in the hands of exchange traders is black money.

I believe you have heard stories about your friends who withdrew funds from BAn and OY and then had their accounts frozen. Therefore, the security index is level 1 - not recommended.

Option 2: Withdrawal from acquaintances or friends

Security: Level 4

Liquidity: Level 1

Loss rate: Level 5

Choosing to withdraw money through acquaintances and friends is generally not a big problem as long as they are trustworthy friends. Security is guaranteed, and both parties agree on a price and trade directly, so there is almost no loss.

But the biggest problem with this method is, how many friends can you really trust? And when you want to withdraw money, he also wants to deposit money? So in terms of liquidity, you can only play at level one.

Option 3: Go to Hong Kong to withdraw funds

Security: Two levels

Liquidity: Level 5

Loss rate: Level 1

When people go to Hong Kong to withdraw money, the first thing they need to consider is whether it is worthwhile to spend so much money on travel expenses. After all, a trip to Hong Kong costs a lot of money, especially for some friends in northern regions. Secondly, if you go to a money changer in Hong Kong to exchange currency, the exchange rate is extremely uneconomical and the loss is extremely high.

And if the amount you pay is relatively large, carrying so much money in Hong Kong is also a safety issue. How to bring so much money back to China is another big problem. So overall, this is a very unrecommended method - PASS.

Highly recommended option 4: Withdrawal via overseas bank card

Security: Level 5

Liquidity: Level 5

Loss rate: Level 1

There are many foreign bank cards on the market that are sold under the name of U cards. Simply put, you can directly load U cards and then withdraw money from domestic ATMs. I looked at the approximate rates, and the combined rate is above 3.2%. Oh, and I haven't counted the cost of buying the card, the monthly account maintenance fee, and the fixed fee for a single cash withdrawal.

In one sentence, it's pure IQ tax. Whoever buys it is stupid. I won't take it even if you give it to me.

Of course, if you go to Hong Kong to apply for a regular bank card to withdraw cash in China, it is still possible, and the loss is not high. It is still one of the options for withdrawing money.

If there is a chance, I will give you a special talk about this next time. I will just briefly mention it here - PASS.

Option 5: Withdrawal by OTC Currency Traders

Security: Two levels

Liquidity: Level 5

Loss rate: Zero level (extremely high loss)

Finally, we have come to the part of the plan that has attracted the most attention. Whether it was the Liangxi vs. Fulushou incident at the beginning of the year or the Daxiha incident that broke out in the past two days, it fully demonstrated that no OTC currency dealer is truly safe and reliable.

On the one hand, they say that the funds are absolutely safe and the cards are frozen and compensated, but on the other hand, they do all kinds of dirty things. There was Zhao Dong in the front and Da Xiha in the back. There is always a shortage of people in the OTC circle to step on the sewing machine, and they are still coming in one after another.

In fact, it is very simple. Think about the principle of currency dealers. They collect currency from people all over the country and sell it to people all over the country. If there is a slight mistake in any link, it will be irreparable. The problem is, if you walk by the river often, you will get your feet wet.

You have to know that you paid 6%-8% of the cost for their so-called "frozen card compensation" promise!

With such high loss costs, zero stars, and no security guarantees, would you still choose to trade with these OTC currency dealers?

After looking at so many solutions, each has its own shortcomings.

So is there a solution that can simultaneously meet the three major indicators of security, liquidity and low loss?

Today I will give you some scientific knowledge.

The ultimate solution for people in the cryptocurrency circle to deposit and withdraw money——

It is an offline same-city promissory note transaction!

Cashier's check transactions are a more advanced version of offline cash transactions!

If you still don’t understand what a promissory note is, or have never heard of it, go to the professor’s first article to catch up.

In this article, the professor explains and analyzes in detail the nine advantages of using promissory note transactions compared to traditional cash transactions.

Next, based on these nine advantages, I will compare the above five traditional withdrawal solutions and analyze why this is the perfect deposit and withdrawal solution that we in the cryptocurrency circle have been waiting for.

First, the amount is large.

The first feature of a promissory note is that there is no limit on the amount. You can complete a transaction worth 10 million yuan in one day, or add another zero. And there is no need for a currency detector to verify the authenticity, no need to waste time counting, and no need for bodyguards to protect you. It is so powerful.

Second, the transaction speed is fast.

Although it is not as fast as the currency traders who can complete the transfer with just a click on the mobile phone, it is much faster than cash transactions.

Under normal circumstances, a transaction will not take more than half an hour, which also includes the time for the bank to verify the check and deposit it into the account. If it is just the time to receive the cashier's check, it will only take one minute.

After all, according to Chinese law, the moment you receive the promissory note, the transaction is complete and the payment has been made, because this note cannot be withdrawn, reported lost, or cancelled.

Bank drafts are payable on sight, will not be reported lost, and can be used on the spot. ——Baidu Encyclopedia Third, high security.

Promissory notes are exchangeable across banks. No one dares to forge them (forgery is a criminal offence). They cannot be withdrawn, the card will not be frozen, and they are easy to carry. The issuer must go to the counter to handle the business (few stupid fraudsters would be foolish enough to go to the counter to handle the business). Transactions involving promissory notes are protected by the Bills of Exchange Law of the People's Republic of China.

As long as you make sure that the person you are dealing with is the same person as the issuer of the promissory note, the money you receive is absolutely safe. Even if things get really bad, as a third party in good faith, you still have the "Law of the People's Republic of China on Negotiable Instruments" to protect you.

Fourth, no loss.

Finally, we come to the loss link that we are most concerned about.

Offline same-city promissory note transactions, point-to-point transactions, legal currency funds go directly from the buyer's account to the seller's account, without any intermediate currency dealers.

Ordinary people like us only withdraw money once or twice, or three to five times a year. The flow of funds in our accounts is simply impossible to be as frequent and huge as that of currency traders. They will not receive the same special attention from the anti-money laundering departments of banks and the People's Bank of China as currency traders.

The less transaction flow, the safer the account. The more transaction flow, the more dangerous the account. Who knows if there is any problem with your money? It is such a simple truth, don’t you think?

Moreover, in this peer-to-peer transaction model, since there are no middlemen to make a profit from the price difference, the prices are negotiated by the two parties themselves, and the losses can be completely ignored, which is almost equal to zero loss.

Combining the above points, we can derive the same-city promissory note transaction model:

Security: Level 5

Liquidity: Level 4

Loss rate: Level 5 (no loss)

Look, does it meet the three major indicators of security, liquidity and low loss at the same time?

This is the ultimate solution for depositing and withdrawing funds in the cryptocurrency world!

A nearly perfect solution! #出金