What are the risks of buying U with cash?
Anyone who accepts cash for U has cash that comes from black and gray industries.
It's too easy for exchanges to freeze cards when selling USDT, many people are scared of getting their cards frozen, so they choose to sell U offline and receive cash, thinking this will block black capital.
But is receiving cash really safe?
The answer is definitely not safe!
Anyone who has been accepting cash for U long-term, their cash must come from black and gray industries, it is certain.
Because individual currency merchants simply do not have that much capital to maintain this supply, don't expect currency merchants to withdraw cash from their own cards to give you, it's impossible. These cash merchants simply won't keep cash in their own cards and then withdraw it for you.
These cash, to put it bluntly, cannot be deposited into the card, cannot be accounted for openly, and if it must be deposited, it needs to be mixed with clean cash.
What era is this? Money has long been digital; using cash probably falls into just a few situations:
1. New Year’s red envelopes.
2. Temporary economic difficulties, no money in the card.
3. Gifts, asking for favors.
4. Black and gray funds that cannot be accounted for openly...
Even those who have had their cards frozen, some can still use Alipay and WeChat for online payments.
Anyone who accepts cash for U has cash that comes from black and gray industries, mostly from telecom fraud funds.