In cryptocurrency trading, security is certainly the primary concern for every investor, especially in USDT trading, and how to avoid encountering 'black U' merchants has become a focus for everyone.
Today, I will share some practical tips to help everyone identify potential illegal merchants and ensure the safety of funds.
1. Trace the source of USDT and check blockchain history.
Using blockchain explorers (like Etherscan, Tronscan) to track the flow of USDT from the merchant can help identify suspicious transactions. If a merchant's wallet address has frequent large transfers or incoming funds from suspicious addresses, this USDT may be 'black U'. Be especially wary of merchants transferring through multiple addresses.
2. Is the price fluctuating too much? Beware of black U.
The normal price of USDT should be close to the global market. If a merchant's quote is more than 5% below the market price without reasonable market changes to support it, it may be a signal of 'black U'. Black U merchants often offer low prices or extreme discounts to attract transactions, which may hide illegal activities such as money laundering.
3. Non-compliant KYC, abnormal transaction methods.
Regular merchants usually require KYC (Know Your Customer) for compliance in transactions. If a merchant does not require identity verification, allows anonymous transactions, or uses informal payment methods (such as personal wallets, P2P transactions), it is likely to be 'black U'. Remember, non-compliant merchants are often the source of risk.
4. Background investigation of the merchant is essential.
Before choosing a merchant, it is advisable to check the merchant's feedback through social media or community forums (like Reddit, Twitter, Telegram). If the merchant's information is unclear or lacks positive reviews, that is likely a risk point. Legitimate merchants will provide clear contact details and background information.
5. High commissions and zero-risk promises are signs of a scam.
Some black U merchants may attract investors by promising 'high returns' and 'zero risk'. Remember, any 'high return' must be supported by a compliant business model; otherwise, it often indicates the presence of a scam. When investing, do not easily trust baseless promises.
6. Reverse transaction testing to check merchant reliability.
If you suspect a merchant is using black U for transactions, you can first buy USDT through other legitimate channels and then compare it with the merchant's quoted price. If you find the merchant's price is abnormal or if problems arise during the transaction, be cautious. Additionally, split large transactions into smaller ones to test the merchant's processing capability, and immediately stop trading if anything unusual occurs.
7. Pay attention to the USDT version, avoid unstable currencies.
When choosing a merchant, also pay attention to the version of USDT they provide (such as TRC-20 or ERC-20). Some unscrupulous merchants may use less common versions and provide unstable exchange methods, making it difficult for funds to circulate. Ensure that the USDT provided by the merchant is a mainstream version and can circulate steadily.