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How to handle the freezing of bank cards due to selling USDT? Here are methods that can both unfreeze your bank card and effectively avoid risks!
Many people encounter their bank cards being frozen when trading USDT, which undoubtedly causes significant anxiety. So, why does personal buying and selling of virtual currencies lead to bank card freezes? How can one legally and compliantly unfreeze a bank card while avoiding legal pitfalls?
1. Reasons for bank card freezing
Since 2020, the government has intensified its regulation of virtual currency trading. Stablecoins like USDT, due to their high liquidity and relatively stable prices, have unfortunately become common 'vehicles' for illegal fund transfers. Therefore, many individuals experience their bank cards being frozen after engaging in virtual currency transactions, which is not uncommon.
However, a frozen bank card does not necessarily indicate criminal behavior. In many cases, it is merely the result of the bank's anti-money laundering monitoring mechanisms being triggered. Understanding the potential risks is crucial to prevent similar issues in the future.
2. Legal and safe methods of operation
If you gain profits from trading coins but worry that withdrawing to a mainland bank card may trigger freezing monitoring, don't worry, there are legal and safe ways to transfer funds out.
For example, you can use legitimate e-wallets like BiyaPay. First, transfer USDT from the exchange to BiyaPay, then exchange it for USD at a 1:1 ratio, and finally withdraw to a compliant bank account. Operations like withdrawing to a Bank of China account or Alipay through Wise are fully in line with regulatory requirements.
Additionally, the Kraken exchange also supports withdrawing USDT to legitimate bank accounts in the UK, with clear fund flows and easy operations.
By utilizing these compliant withdrawal channels, you can effectively avoid the risk of bank card freezing and not worry about being mistakenly judged as involved in illegal fund transfers.
3. Solutions for frozen bank cards
If your bank card is unfortunately frozen, the first thing to do is to remain calm and actively seek solutions. The following measures can be taken:

  1. Provide transaction proof
    Provide comprehensive transaction records, chat logs, and other relevant materials to prove that your transactions are legal and compliant.

  2. Prove your innocence
    If necessary, provide proof of legitimate income sources to ensure the legality of fund flows.

  3. Rational communication
    When communicating with public security agencies, avoid emotional expressions, clearly explain the impact of the bank card being frozen on your life and work, and present relevant evidence.