If you don't even know what the cryptocurrency circle is, what you are doing, and what the risks of withdrawing funds are, please, don’t come to the crypto world to be a sacrifice. There are 108 ways to make your sewing machine smoke.
Uncle won't give you a discount just because you are a college student, nor will he make exceptions because you don't understand. Old fans know that I always emphasize—risk, risk, risk. Don’t wait until you are in a small black room to remember the advice.
Today let's talk about safe withdrawals. I’ve read countless articles on safe withdrawals, but none highlight the key points. Most investors are basically in a state of doing what the big shots say, leading to being harvested by U merchants, some even charging a 20% service fee. To avoid investors being cut due to information asymmetry.
Do not collect U at different prices.
Downward adjustment: Seeing the most is even a 20% downward adjustment for U collection. Do you think collecting 20% is safe? No, their funds may still be black funds. Yes, it’s that dark.
Markup: Some collect U prices and you need to be clear that every penny is linked to the exchange. If the U price is higher than the exchange, you can basically choose to give up. 100% black funds.
No off-market cash
Many people recommend off-market transactions, but this method can basically be abandoned domestically, as it is easy to be coerced. How can you absolutely trust that trading party? Don’t get robbed later.
You need to be clear that the cleanliness of every penny is different. Truly clean money must just come from credit cards, online loans, etc. Other funds that have not been settled for more than 7 days are actually very risky. Therefore, be prepared for the worst. Is there a safe way? Yes!
1. Useless methods circulating online.
(1) After withdrawal, immediately repay, manage funds, invest in A-shares, etc.
(2) Use multiple cards, small amounts in batches with Alipay, WeChat, etc.
(3) Multiple platforms, multiple U merchants for withdrawals.
The above methods are all useless; if it needs to be frozen, it will still be frozen.
2. Methods that can achieve safe withdrawals.
Impossible triangle: convenience, safety, free.
Principles of withdrawal: few transactions, choose compliant trading parties.
Share two methods ranked from high to low risk:
1. Exchange C2C: long time, order completion rate, family completion rate, open shield merchants, communicate in advance, frozen card compensation.
2. Apply for foreign currency cards: Go to Hong Kong and apply for a foreign currency card that supports US dollars at the bank, then convert USDT-USD-CNY.