Cryptocurrency speculation itself is not illegal.

So far, no laws and regulations have explicitly stipulated that cryptocurrency speculation is an illegal act.

There are many risks in the process of cashing out, such as bank card freezing caused by receiving black money.

In the process of cashing out, we need to be extra careful.

In order to avoid bank card freezing, we need to adopt some strategies.

Do not transfer a large amount of funds to the same bank card at one time, which is easy to attract the attention of the bank's risk control.

Try to choose to use your long-term bank card with good cash flow to receive payments. If possible, you can consider spreading the funds among multiple bank cards.

So, how should you cash out specifically? Here are some suggestions:

Cash out through formal exchanges: Choose a reputable and compliant digital currency exchange for trading. Exchange digital currency into RMB in the exchange and withdraw it to a personal bank account. This method is relatively safe, but you need to pay attention to the withdrawal limit and handling fees of the exchange.

Peer-to-peer transactions: Find reliable buyers for peer-to-peer transactions through social media or digital currency trading platforms. This method requires careful selection of trading partners to ensure the other party's credibility and payment ability. At the same time, it is recommended to use contracts or agreements to protect the rights and interests of both parties.

Use third-party payment tools: Some third-party payment tools support the buying and selling of digital currencies. You can transfer digital currencies to these payment tools, then convert them into RMB and withdraw them to your personal bank account. However, you also need to pay attention to the limits and handling fees of payment tools.

No matter which method you choose to cash out, you need to ensure the legality and security of the transaction. At the same time, prepare the necessary transaction records and supporting materials to deal with possible bank inquiries or investigations.