Option 1: Security of exchange currency traders’ withdrawal: one star⭐️
Liquidity: Five stars ⭐️⭐️⭐️⭐️⭐️
Loss rate: Five stars ⭐️⭐️⭐️⭐️⭐️
(The smaller the loss, the more stars) When it comes to C2C deposits and withdrawals on exchanges, this is the most common way for people in the cryptocurrency circle to buy and sell. Whether in terms of liquidity or loss, it is impeccable. There will always be someone on the exchange to take your order, so you don’t have to worry about not being able to find a counterparty to trade with, and there is almost no loss. But the key to the problem is that you have no way to control whether the money in the hands of the exchange’s currency dealers is black money. I believe you should have heard about the stories of friends around you who withdrew money from B-An and OuY and then had their accounts frozen. Therefore, the safety index is one star ⭐️——PASS.
Option 2: Withdrawal from acquaintances or friends
Safety: Four stars ⭐️⭐️⭐️⭐️
Liquidity: One star ⭐️
Loss rate: Five stars ⭐️⭐️⭐️⭐️⭐️
Choosing to withdraw funds through acquaintances and friends is generally not a big problem as long as they are trustworthy friends. Security is guaranteed, and both parties agree on a price and trade directly, with almost no loss. However, the biggest problem with this method is, how many friends can you really trust? And when you want to withdraw funds, they also want to deposit funds? So in terms of liquidity, I can only give it one star ⭐️——PASS.
Option 3: Go to Hong Kong to withdraw funds
Security: Two stars ⭐️⭐️
Liquidity: Five stars ⭐️⭐️⭐️⭐️⭐️
Loss rate: One star ⭐️
When people go to Hong Kong to withdraw money, the first thing they need to consider is whether it is worthwhile to spend so much money on travel expenses. After all, a trip to Hong Kong costs a lot of money, especially for some friends in northern regions. Secondly, if you go to a money exchange shop in Hong Kong to exchange money, the exchange rate is extremely uneconomical and the loss is extremely high. And if the amount you withdraw is relatively large, it is also a problem to bring so much money in Hong Kong. How to bring so much money back to China is another big problem. So in general, this is a very unrecommended method - PASS.
Option 4: Withdrawal via overseas bank card
Security: Five stars ⭐️⭐️⭐️⭐️⭐️
Liquidity: Five stars ⭐️⭐️⭐️⭐️⭐️
Loss rate: one star⭐️There are many overseas bank cards on the market that are sold under the name of U cards. Simply put, you can directly charge U into it, and then withdraw money from domestic ATMs. I looked at the approximate fee rate, and the comprehensive calculation is above 3.2%. Oh, by the way, I haven't counted the cost of buying the card, the monthly account maintenance fee, and the fixed fee for a single cash withdrawal. In one sentence, it's a pure IQ tax, whoever buys it is stupid. I wouldn't even want this thing if you gave it to me. Of course, if you go to Hong Kong to apply for a regular bank card to withdraw cash in China, it's still okay, and the loss is not high. It is one of the options for withdrawing money. If there is a chance, I will talk about this for you next time. Let's just pass it over here for the time being-PASS.
Option 5: Withdrawal by OTC Currency Traders
Security: Two stars ⭐️⭐️
Liquidity: Five stars ⭐️⭐️⭐️⭐️⭐️
Loss rate: zero stars (extremely high losses) Finally, we have come to the most popular solution. Whether it is the Liangxi vs. Fulushou battle at the beginning of the year or the Daxiha incident that broke out in the past two days, it fully shows that no OTC currency dealer is truly safe and reliable. On the one hand, they say that the funds are absolutely safe and the cards are frozen and compensated, but on the other hand, they do all kinds of dirty things. There was Zhao Dong in front and Daxiha in the back. There is never a shortage of people in the OTC circle who step on the sewing machine, and they are still going in one after another. In fact, it is very simple. Think about the principle of currency dealers. They collect coins from people all over the country and sell them to people all over the country. If there is a slight mistake in any link, it will be irreversible. The problem is, if you often walk by the river, how can you not get your shoes wet? You must know that you paid 6%-8% of the cost for their so-called "freeze card compensation" promise! The loss cost is so high, it is directly zero stars, and the security is not guaranteed. Do you still choose to trade with these OTC currency dealers?
After looking at so many solutions, each has its own shortcomings. So is there a solution that can meet the three major indicators of security, liquidity and low loss at the same time?
Today I will explain to you the ultimate solution for people in the cryptocurrency industry to deposit and withdraw funds - offline intra-city promissory note transactions! Promissory note transactions are a higher-level version of offline cash transactions! If you still don’t understand what a promissory note is, or have never heard of it, go to the professor’s first article to make up for it. Professor U: All your knowledge about offline OTC is wrong
In this article, the professor elaborated and analyzed in detail the nine advantages of using promissory note transactions compared to traditional cash transactions. Next, based on these nine advantages, I will compare the above five traditional withdrawal solutions and analyze why this is the perfect deposit and withdrawal solution that we in the cryptocurrency circle have been waiting for.
First, the amount is large. The first feature of a promissory note is that there is no limit on the amount. You can complete a transaction worth 10 million in one day, or add another zero, no problem. And there is no need for a money detector to verify the authenticity, no need to waste time counting, and no need for bodyguards to protect. It is so powerful.
Second, the transaction speed is fast. Although it is not as fast as the currency traders who can complete the transfer with just a click on the mobile phone, it is much faster than cash transactions. Under normal circumstances, a transaction will not exceed half an hour, which also includes the time for bank check + deposit. If it is purely based on the receipt of the promissory note, it only takes one minute. After all, according to Chinese law, the moment you receive the promissory note, the transaction is considered complete and the payment behavior has been fulfilled. Because this bill is irrevocable, cannot be reported lost, and cannot be cancelled. Bank promissory notes are paid on sight, and cannot be reported lost. They can be used on the spot. ——Baidu Encyclopedia.
Third, it is highly secure. Promissory notes are exchanged through banks. No one dares to forge them (forgery is a crime), they cannot be withdrawn, the card will not be frozen, they are easy to carry, and the issuer must go to the counter to handle them (few stupid fraudsters are stupid enough to go to the counter to handle business). Transactions involving promissory notes are protected by the "Law of the People's Republic of China on Negotiable Instruments". As long as you make sure that the person you are trading with is the same person as the issuer of the promissory note, the money you receive is absolutely safe. Even if things get really bad, as a third party in good faith, you still have the "Law of the People's Republic of China on Negotiable Instruments" to protect you.
Fourth, no loss. Finally, we come to the loss link that we are most concerned about. Offline same-city promissory note transactions, point-to-point transactions, legal currency funds go directly from the buyer's account to the seller's account, without the middleman link. Ordinary people like us usually withdraw money once or twice, three or five times a year. The flow of account funds is simply impossible to be as frequent as that of currency traders, and the flow is huge. It will not be the focus of attention of banks and the anti-money laundering departments of the People's Bank of China like currency traders. The less the transaction flow, the safer the account. The more the transaction flow, the more dangerous the account. Who knows if there is a problem with your money? Such a simple truth, don't you think? Moreover, in this peer-to-peer transaction model, because there is no middleman to make a profit, the price is negotiated by the two parties to the transaction, and the loss can be completely ignored, which is approximately equal to zero loss. Combining the above points, we can conclude that the intra-city promissory note transaction model is: Security: five stars ⭐️⭐️⭐️⭐️⭐️⭐️ Liquidity: four stars ⭐️⭐️⭐️⭐️⭐️ Loss rate: five stars ⭐️⭐️⭐️⭐️⭐️⭐️ (no loss) You see, does it meet the three major indicators of security, liquidity and low loss at the same time? This is the ultimate solution for people in the cryptocurrency circle to deposit and withdraw money! A nearly perfect solution