Earned one million in the crypto circle, ready to cash out? Made 1 million, ready to cash out? Especially for beginners, you must bookmark this guide!
1. Cash out in Hong Kong: Make a personal trip
Operation method:
Go to Hong Kong and exchange USDT or other crypto assets for HKD or RMB at local exchange points.
It is recommended to cash out multiple times in small amounts to reduce the possibility of being monitored or triggering risks.
Avoid carrying large amounts of money at once to prevent troubles.
Carefully choose reputable exchange shops to avoid risks like "running away with the coins."
2. Cash out using an overseas bank card: Secure but requires prior preparation
Operation method:
Transfer USDT from Binance to trading platforms like Kraken and exchange it for USD.
Withdraw to an overseas bank account, such as ZhongAn Bank or other banks that support crypto transactions.
Notes:
Prepare an overseas bank card in advance to ensure smooth cash withdrawals.
Pay attention to exchange rates and fees to minimize profit losses.
Overall risk is relatively low, but ensure the account is used in compliance.
3. Cash out through Binance C2C trading: Flexible but requires caution
Operation method:
Use the Binance C2C platform to exchange USDT for RMB or other currencies through merchants with real-name authentication.
After the transfer is completed, withdraw the funds to a bank card.
When choosing merchants, pay attention to:
Registration time: at least 2 years of operation.
Transaction volume: high and stable trading volume to avoid account freezes due to abnormal transactions.
Strictly prohibit offline transactions to avoid cash transactions or using opaque channels (like Telegram) to prevent scams or robberies.
⚠️ Real case warning
Robbery risk: Some offline traders have been robbed due to holding large amounts of cash or USDT, even endangering personal safety.
Legal risk: Offline transactions may be classified as illegal operations, potentially leading to legal disputes, with both parties possibly being victims.
Reminder: The crypto circle is full of uncertainty; investment must be rational, safety first! Remember a steady strategy to cope with market changes!
1. Cash out in Hong Kong: Make a personal trip
Operation method:
Go to Hong Kong and exchange USDT or other crypto assets for HKD or RMB at local exchange points.
It is recommended to cash out multiple times in small amounts to reduce the possibility of being monitored or triggering risks.
Avoid carrying large amounts of money at once to prevent troubles.
Carefully choose reputable exchange shops to avoid risks like "running away with the coins."
2. Cash out using an overseas bank card: Secure but requires prior preparation
Operation method:
Transfer USDT from Binance to trading platforms like Kraken and exchange it for USD.
Withdraw to an overseas bank account, such as ZhongAn Bank or other banks that support crypto transactions.
Notes:
Prepare an overseas bank card in advance to ensure smooth cash withdrawals.
Pay attention to exchange rates and fees to minimize profit losses.
Overall risk is relatively low, but ensure the account is used in compliance.
3. Cash out through Binance C2C trading: Flexible but requires caution
Operation method:
Use the Binance C2C platform to exchange USDT for RMB or other currencies through merchants with real-name authentication.
After the transfer is completed, withdraw the funds to a bank card.
When choosing merchants, pay attention to:
Registration time: at least 2 years of operation.
Transaction volume: high and stable trading volume to avoid account freezes due to abnormal transactions.
Strictly prohibit offline transactions to avoid cash transactions or using opaque channels (like Telegram) to prevent scams or robberies.
⚠️ Real case warning
Robbery risk: Some offline traders have been robbed due to holding large amounts of cash or USDT, even endangering personal safety.
Legal risk: Offline transactions may be classified as illegal operations, potentially leading to legal disputes, with both parties possibly being victims.
Reminder: The crypto circle is full of uncertainty; investment must be rational, safety first! Remember a steady strategy to cope with market changes!