Retail investors in the currency circle encounter card freezing problems. How to solve this withdrawal problem?
At present, the main way for small retail investors in the currency circle to withdraw cash is through OTC withdrawals from exchanges. This method has the advantage of guarantee: when the user chooses to sell U, the platform will temporarily freeze the corresponding U. After the buyer transfers the money to the user's bank account, the user releases the U after confirming the payment and completes the transaction. If a problem occurs, both parties can choose to appeal, and the exchange will complete the transaction after investigation and arbitration.
Disadvantages of withdrawing money from exchanges
However, there are also some problems with OTC withdrawals from exchanges. When users receive transfers from buyers, it is easy for users to encounter black money and freeze their cards. The advantage of OTC withdrawals from exchanges is convenience, but the biggest risk that comes with it is that it is easy to freeze the card:
1. Users cannot be sure whether the transferred funds are legal;
2. Even if there is no problem with this transaction, it may be retroactively frozen a few months later due to involvement in previous transactions;
3. Due to frequent transactions, user accounts may be flagged by the bank, resulting in freezing;
4. Users frequently withdraw and withdraw funds that are inconsistent with their identity and may also be frozen. Insights on withdrawing money
The choice of withdrawal channel varies from person to person and depends on personal circumstances. Different types of people may have different choices:
- People who have never encountered the problem of frozen cards may feel that there is no need to apply for a U-card and think that the problem does not exist;
- People who have encountered the problem of frozen cards may choose backup cards in case they encounter it again;
- People whose cards have been canceled by banks regard U-cards as urgent needs;
- People who are keen on new things may like to try the novelty of U card;
- Special groups who pay attention to privacy and security are more likely to use U cards.
Everyone's situation is different, and the best choice is what suits you. This article aims to share ideas for withdrawing money. Welcome to exchange and discuss and grow together!
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