What to do if your bank card is frozen when selling USDT? These methods will help you resolve the crisis!

In the wave of virtual currency trading, many people have ventured into buying and selling USDT. However, the issue of frozen bank cards that follows is like a “time bomb,” making people anxious. Why does personal trading of virtual currency lead to bank card freezing? How can one cleverly resolve the crisis, successfully unfreeze the bank card, and ensure that one's actions are legal and compliant, staying away from legal risks? Don't worry, the answers are below.

1. Why is the bank card frozen?

Since 2020, the country has tightened its control over virtual currency trading step by step, becoming increasingly strict. USDT, as a “popular player” among stablecoins, has become an “accomplice” for criminals in illegal fund transfers due to its high liquidity and relatively stable price advantage. This has led many friends involved in virtual currency trading to often encounter the embarrassing situation of having their bank cards frozen, and this is not an isolated case but happens from time to time.

However, it’s important to note that a frozen bank card does not necessarily mean that the legal red line has been crossed. In fact, in most cases, it is simply that the bank's anti-money laundering monitoring system has keenly captured abnormal fund flows, triggering the freezing mechanism. Therefore, to ensure smooth transactions in the future, it is undoubtedly a top priority to deeply understand the hidden risks.

2. Legal and Safe Trading Secrets

If you have made profits in the cryptocurrency world but are worried about how to safely withdraw funds to a mainland bank card, don’t panic, here are some legal and reliable methods for fund transfers.

You might want to try using a legitimate and compliant e-wallet like BiyaPay. The operation steps are very simple: first, steadily transfer your USDT from the exchange to BiyaPay; then, exchange it into US dollars at a precise 1:1 ratio; finally, you can confidently withdraw the US dollars to a compliant bank account.

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