Suppose you earned 1,000,000 U, how do you start thinking about cashing out? 🤔

1. Cash out in Hong Kong: physically go to Hong Kong for currency exchange.

• Note: Do not carry too much U at once; cashing out in multiple transactions is safer.

• Cash-out shops in Hong Kong are usually unofficial, ⚠️ be vigilant to avoid situations where exchange shops run away with U!

2. Apply for bank card: Binance → Kraken → Bank card

• Transfer U from Binance to Kraken, exchange for USD, and withdraw to an account like Zhong'an Bank.

• This method requires preparing an overseas bank card in advance, but overall it is relatively secure.

3. Binance C2C cash out:

• Choose exchanges: try to choose Binance, avoid using European exchanges, as the latter has more dirty money and higher risks.

• Strictly review merchants:

• Registration time: at least 2 years.

• Total number of transactions: the more, the better.

• Number of transactions in the last 30 days: moderate is best (too many may indicate high trading risk).

• Both parties must verify their identities: try to complete transactions through exchanges, and avoid offline cash transactions and opaque channels like TG (Telegram).

• ⚠️ Some people have been scammed out of U through offline transactions or even robbed of RMB. In real cases, some have been convicted of robbery, while the other party was also a victim, making it even worse!

How to avoid bank risk control for large cash-outs? 🏦

1. The truth about risk control:

• The main risk of cashing out is fund freezing, followed by bank risk control.

• Long unused or low-flow bank cards are more likely to trigger bank risk control, but the probability is still not high.

• There are no issues with customers transferring millions, but there have been cases where small amounts like 70,000 triggered risk control.

2. Practical tips to avoid risk control:

• Avoid suspicious behavior:

• Do not enter and exit quickly (U just enters the card and is immediately transferred out).

• Avoid multiple deposits and one withdrawal, or one deposit with multiple withdrawals.

• Large transactions at night are also likely to trigger the bank's anti-money laundering mechanisms.

• Keep the account active:

• If conditions allow, leave some balance in the card or purchase some financial products to maintain normal financial activities.

• When not in urgent need of money, try to avoid making large withdrawals at once.

3. What to do if risk control is triggered?

• Stay calm, contact the remitter to cooperate in handling it; most bank risk controls are to protect user funds, and normal appeals can resolve it smoothly.

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