Be sure to make preparations for withdrawing virtual currency before withdrawing money!
Paying attention to a few points can more effectively prevent your card from being frozen after receiving black money.
(1) For OTC transactions, try to choose large platforms like Binance. These platforms have better communication channels and risk control methods with mainland regulatory agencies and law enforcement agencies.
(2◇Try to choose an OTC platform that supports the T+1/T+2 withdrawal strategy. Although you cannot withdraw money immediately after selling the currency, it reduces the risk of suspected money laundering through OTC transactions. For example, Binance T+1 Strictly Selected Trading (relative to Free trading, T+2 withdrawal).
(3) Avoid directly using stable currency OTC transactions such as USDT. Try to use mainstream currencies such as BTC and ETH for OTC transactions.
(4) The bank card used for OTC transactions must be a separate card that is not used normally and separated from the salary card. In this way, even if it is frozen, it will not affect the use of other funds. When cooperating with the investigation, it is easy to clarify the flow of funds.
(5) For bank cards used in OTC transactions, try to use cards from local banks, such as city commercial banks and rural commercial banks in various places. Large and medium-sized joint-stock and commercial banks such as Industrial and Peasant China Construction Bank have branches all over the country, so law enforcement agencies can basically freeze them directly. (6) Do not conduct frequent transactions with fixed merchants, and do not conduct frequent transactions with fixed users. It is very dangerous for the same user to make more than 3 indirect purchases in a day, or to sell again a few hours later, and is highly suspected of money laundering.
(7) Find reliable OTC merchants for transactions. Try to take the initiative to take orders from large merchants and market makers, place fewer orders, and touch less merchants in problem areas. In fact, as an ordinary user, it is difficult to tell which merchants are reliable. For example, a large number of friends who transacted with Huobi Blue Shield service merchants have also had their cards frozen.
(8) Reduce the frequency of withdrawals and increase the amount of cash #BTC #ETH