After making millions from cryptocurrency trading, how to safely exchange virtual currency for RMB?
After making 10 million yuan through cryptocurrency trading, you can't help but feel ecstatic, eager to turn this virtual wealth into real cash. With the DeFi market heating up, you begin to look for ways to exchange USDT for RMB. Among various options, you choose a seemingly reliable vendor and reach a trading agreement with them.
Following the agreed process, you transfer USDT to the designated trading platform. Once the vendor transfers RMB to your account, you confirm the release of the coins, and the exchange will then transfer the virtual currency to the other party. At first glance, this process seems very safe, but it actually hides significant risks—whether the money the vendor gives you is legally sourced, you have no way of knowing.
