You made a huge profit trading cryptocurrencies, earning a whopping 10 million, and you are happily thinking about quickly converting these virtual currencies into real RMB.
So you started looking for U merchants who could help you exchange USDT for RMB. After much searching, you finally found one that seemed quite reliable.
You agreed that you would transfer USDT to the exchange as collateral, and once the U merchant transferred the money to your account, you would confirm the transaction, and the exchange would release the coins to the U merchant. This sounds pretty safe, right? But actually, there’s a big problem here — you can’t be sure if the money the U merchant gives you is clean!
You might think about checking the duration of fund accumulation, or asking the U merchant to promise to freeze the card and compensate you, or finding a reputable old merchant, that should be more reliable, right? But unfortunately, these are all useless! Because the frozen card issue is like a time bomb, it could explode anytime depending on when the victim decides to report it.
The fundamental reason for frozen cards is that you don’t know where the money the U merchant gives you comes from, whether it’s clean or not. Even if this time there are no issues, a few months later, it might be traced and frozen due to a previous transaction involving questionable funds. Not to mention that the U merchant’s own bank card could be flagged by the bank’s big data risk control due to frequent deposits and withdrawals, and any card that has transactions with the U merchant could also end up in trouble.
If domestic bank cards have too frequent fund inflows and outflows, which do not align with previous transaction habits, or if they are quickly deposited and withdrawn without retention time, they could trigger the bank’s risk control, resulting in a direct freeze.
This matter is actually quite simple; big data is just too powerful. Those who gamble online frequently use USDT for transactions, trading coins at exchanges with high frequency, which ends up linking their bank cards to those that are blacklisted for fraud by big data monitoring. Moreover, most cryptocurrency merchants have high-risk bank accounts, and if you interact with them too often, your bank card may also be tagged as fraudulent by big data. Making money is a good thing, but converting it to RMB should be done with caution!
Facing the upcoming explosive bull market, if you feel confused about trading right now and want to learn more about cryptocurrency-related knowledge and cutting-edge information, as long as you are proactive, I will lead you to explore tenfold potential coins. Like + comment, and I will take you to enjoy the big profits!
