Have you ever thought about what you would do if one day we made 100 million from currency speculation? I believe that most people will say, if I withdraw the money, I will buy my car and house, I will change my wife, I will buy a luxury car and travel around the world. How do you want to spend it? This is not a problem, what is the real problem? That's how you come up with the money? Some friends will say, oh, I am familiar with this matter of withdrawing money. I sold it directly on the exchange for money. But what you don’t know is that when your amount reaches 100 million, it’s not that simple. Today we will talk about the topic of withdrawing money.
In many places around the world, the policies for cryptocurrency are different. Cryptocurrency is a relatively sensitive area. In some places, it is legal and encouraged, and even uses Bitcoin as a national currency. However, in some places, it is ambiguous and the attitude is ambiguous. Qing Dynasty, there are even some places where it has explicitly banned it. For example, in 2021, China issued a series of red-headed documents prohibiting domestic mining and related businesses. It can be said that according to China’s attitude towards cryptocurrency at the time, it was not allowed.
Therefore, we can see that almost all large cryptocurrency service institutions have chosen to go overseas, and exchanges have also stated that they will remove Chinese users, but these so-called policies cannot stop these users at all. Aren’t many friends from mainland China still fighting in the currency circle? So how can I convert the money I earn from currency speculation into RMB?
Since you want to withdraw money, you must have heard of frozen cards. In the currency circle, the main reason for frozen cards is that scams are rampant. If we are not careful, we will receive these so-called black money when we sell coins. In addition, the Bank of China is very strict in its review of capital flows. For example, the central bank has previously issued a notice that if a single transaction or cumulative transaction volume reaches more than 50,000 yuan on that day, it must be reported.
If you make 100 million yuan from cryptocurrency trading, and suddenly you have so much extra money in the bank, how do you explain it? If they know your money is virtual currency, will they freeze your assets when you cash it out? What should we do? Are we going to watch helplessly as we cannot withdraw the money we have worked so hard to earn in the cryptocurrency circle, or as it is frozen after we withdraw it?
The first one is that if you withdraw funds OTC from an exchange, try to choose a Landon merchant that is recognized by the exchange.
Second, never withdraw money from small exchanges. If you want to withdraw money, you should choose a relatively large exchange like Binance.
The third is that the bank card we use for deposits and withdrawals must not be a very important card, such as your salary card or your tuition card, because once this thing is risk-controlled, it may not be able to normalize your business. All savings assets will be affected, and there are too many funds flowing in the card, so it is very inconvenient to explain clearly when making appeals.
The fourth is to try not to conduct frequent transactions with the same OTC merchant.
The fifth thing is that you can’t operate too frequently.
The sixth is that after the transaction is completed, do not quickly transfer funds to other bank cards to avoid contaminating other funds.
The seventh is that under non-specific circumstances, try not to go through u-commerce or offline.
The above are some methods of daily gold withdrawal. Of course, this is just a simple reference. Each of you should operate according to your own actual situation in different countries. Of course, as a large-scale gold digger, we Those who want to achieve financial freedom must be determined to achieve financial freedom. A8 and A9 are our ultimate dreams. So let’s discuss it next. If we really make A9 through currency speculation and we make 100 million, how can we come out smoothly? Because there are many people in the circle who have actually made A9 and successfully escaped, so these methods are industry consensus. The first industry consensus is run, which is profit. We all know that the reason why there is a risk of freezing your bank card is because the policy in your area does not allow you to trade digital currencies. So if you are in this area, if people really freeze you, you really can’t. There's really nothing you can do about compliance.
In this case, most of us can think that the first solution is very simple and crude, which is to quickly obtain a country that can audit crypto assets, such as beautiful countries. Of course, if you really want to obtain an identity, it will still cost a lot of money. I won’t go into details about the specific costs here. I can only say that these costs are still very small compared to ensuring the safety of funds, and they are still very cost-effective. The second option is Hong Kong’s policy advantage. This year, Hong Kong has actually completely liberalized its policies on our encryption industry. There are cryptocurrency ATMs everywhere on the streets. You can exchange them into Hong Kong dollars and then into RMB in Hong Kong. Is it feasible? Let’s take a look in detail.
According to Hong Kong’s new licensing system that will take effect on June 1, individual investors will be allowed to trade larger denominations of virtual currencies, such as Bitcoin and Ethereum, on exchanges licensed by these institutions, provided they set up these A series of measures such as knowledge tests, risk profiles and reasonable risk exposure limits are implemented to provide protection. The current Hong Kong cryptocurrency exchange system is voluntary and is limited to customers with an investment portfolio of at least HKD 8 million.
In fact, it is a compliance game for large investors. For example, you can only trade Bitcoin and Ethereum, and you must have large funds. These will exclude many retail investors, but who are you? You are the A9 boss. You have made 100 million from currency speculation. There is at least 15 million US dollars sitting in this account. So there is no problem if you deposit Bitcoin or Ethereum to this exchange. You will have no problem converting Hong Kong dollars into Hong Kong dollars. Finally, Hong Kong dollars can be converted into RMB through normal exchange channels without any problems.
The above is for reference only. Of course, compared to withdrawing money, I believe everyone should focus more on how we can earn A9. After all, this is the core of the problem. When the day comes when we really have so many assets, I believe the rest will be no big deal.
