In recent years, various cash-related risk events have increased, such as robbery, counterfeit currency, and scams involving fake cryptocurrencies. When conducting cash transactions or existing cash, it is often difficult to know the source of the other party's funds. Once the person giving you cash encounters problems, you are likely to be implicated, and once involved, it can lead to trouble. Moreover, in recent years, during investigations, if authorities find that transactions are conducted through TG chat software, only cash is accepted, or on-site cash withdrawals are involved, they usually consider these as abnormal points and presume that the person involved may subjectively know that the counterparty's cash involves illegal funds. This very likely constitutes subjective knowledge, and courts generally judge it based on charges of aiding information network crime and concealing criminal proceeds.
Illegal money, regardless of the amount, whether it is five hundred, fifty thousand, or five million, can lead to account freezes. The more transactions there are, the higher the probability of receiving illegal money. Therefore, it is generally recommended to plan in advance for the funds needed during a specific period and choose a safe and reliable OTC trader to complete the withdrawal at once, reducing the frequency of withdrawals. Below are several common withdrawal methods and precautions:
Binance C2C withdrawal
- Choose exchanges: Prioritize Binance and try to avoid using high-risk platforms like Euro-related platforms.
- Choose compliant merchants and legitimate channels: Select merchants with a long registration time and high historical trading volume, and ensure that real-name verification is completed. At the same time, avoid offline cash transactions and transactions on social platforms, and ensure that all transactions are completed through official platforms.
- Reduce frequent trading and large withdrawals: Avoid frequent large transactions. If withdrawals are needed, they can be done in batches to reduce risk control. If the account is unfortunately frozen, contact customer service promptly and provide necessary proof materials to restore the account as soon as possible.
Hong Kong bank card withdrawal (taking ZA Bank as an example)
- Apply for a Hong Kong bank card: It is relatively convenient to apply for a bank card online through Hong Kong banks such as ZA Bank. This can help achieve withdrawals and convert to Hong Kong dollars. Afterward, cash can be deposited into the bank card via ATM or used directly for consumption.
- Pay attention to security and frequency: Avoid frequent large withdrawals and maintain low-frequency trading. This helps reduce the risk of monitoring by exchanges and banks. At the same time, pay attention to the daily use of the card to avoid it being used only for abnormal operations such as deposits and withdrawals, thereby reducing risk.
VISA/MasterCard consumption (exchange card)
Currently, some exchanges offer VISA/MasterCard, allowing direct conversion of cryptocurrencies to fiat currency for consumption. These cards usually have high security, but attention should be paid to fees, as different cards may charge cross-border transaction fees or withdrawal fees, etc. Specific fee situations need to be understood in advance. During the consumption process, also pay attention to exchange rate conversion issues, which should be judged according to the type of card and the platform's rules.
Besides the above-mentioned withdrawal methods, issues related to withdrawal freezes and bank risk control are also crucial. Although OTC traders can ensure the safety of funds to some extent, they cannot guarantee that banks will not implement risk control. To reduce the risk of bank risk control and ensure smooth fund withdrawals, the following methods can be referenced:
- Withdraw in batches: Avoid making large withdrawals all at once. Try to conduct multiple small operations.
- Avoid operations during unusual hours: Try not to make large transactions at night or on holidays.
- Keep the account active: Regularly conduct small deposits and withdrawals to maintain normal fund flow.
- Gradually increase transaction frequency: For accounts that have not operated for a long time, gradually increase the transaction volume to establish normal transaction records.
- Communicate with the bank in advance: Confirm with the bank before making large transactions to avoid triggering risk control restrictions.
- Use legitimate channels: Always choose reliable banks or payment platforms and avoid using risky channels.
By using the above methods, the risk of bank risk control can be effectively reduced to some extent, ensuring smooth fund withdrawals and creating good conditions for stable wealth growth. In addition, the recent Musk-themed dog puppies on the Ethereum chain have attracted much attention, with 15,000 holding addresses, and are expected to become the next SHIB, which may be a new opportunity worth paying attention to for cryptocurrency investors.
It should be noted that, in China, virtual currency-related business activities are considered illegal financial activities, and investment in virtual currencies is not protected by law. Please comply with laws and regulations and establish a correct investment philosophy.#GMT热度飙升 #币安Alpha公布第8批项目 #FlokiETP流动性提案通过 $SHIB $DOGE $PEPE 
