A Must-Have Safety Guide for Cashing Out in the Crypto World
Suppose you made a profit of 10 USDT and are considering how to safely cash out, what should you do?
1. Cashing out in Hong Kong: Make a trip to Hong Kong to exchange currency.
Precautions: Avoid carrying too much USDT at once; it is safer to cash out in batches.
Cash-out shops in Hong Kong are usually unofficial, so be cautious to prevent encountering exchange shops that might run away.
2. Obtain an overseas bank card:
You can transfer USDT from Binance to Kraken, then exchange it for USD and withdraw to an account such as Zhongan Bank. This method requires obtaining an overseas bank card in advance and is generally more secure.
3. Binance C2C cash out:
Choose an exchange: Try to choose Binance, avoiding platforms like Euro某等, which have a higher risk of dirty money.
Merchant verification: Choose merchants who have been registered for at least 2 years, and the more transactions they have completed, the better.
Transaction frequency: A moderate number of transactions in the last 30 days is ideal; too many might indicate frequent trading and higher risk.
Real-name payments: Complete trades through the exchange as much as possible, avoiding offline cash transactions, Telegram, and other opaque channels.
Some people have been scammed of USDT during offline transactions, and even robbed of RMB. In real cases, someone has been sentenced for robbery, while the other party was also a victim.
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