Last week, a friend who has just entered the crypto market for 3 months was so frustrated that he wanted to delete the app immediately. After a few weeks struggling with the charts, he finally earned 10,000 USDT – not a large amount for seasoned players, but for a newcomer, it is a proud achievement. He decided to withdraw to his personal wallet for peace of mind... and then the nightmare began.

Just sent a request, the system immediately pops up saying 'checking'. Before I could wait long, the support staff started messaging frantically:

  • 'Please state the purpose of the withdrawal?'

  • 'Where does the capital come from?'

  • 'Can you provide the trading partner's information?'

The friend replied gently: 'This is personal property, information belongs to the private domain.'
The result? The account was labeled 'high risk' and the withdrawal feature was locked!

For me – someone who has been following the market for over 5 years – such stories are increasingly appearing in the community. Many share that: just withdrawing over 5,000 USDT requires writing a 'money usage explanation', stating 'personal expenses' and then being rejected due to 'not enough reason'. Some exchanges even request to provide the last 3 months of transaction history.

In the end, is this anti-money laundering or turning users into 'default suspects'?

Must Be Clear: 'Legalization' Does Not Mean 'Suspecting Users'

In all financial sectors, fraud prevention is necessary. But the issue lies in how it is implemented.

Crypto was born with the spirit: users take control of their assets.

No one accepts having their own assets frozen just because they don't want to declare beyond the limit.

A reasonable review process must be based on:

  • identity verification,

  • analyzing unusual behavior,

  • only request additional information when a clear risk is actually detected.

However, currently many exchanges do the opposite: applying strict checks for all users – even if they are completely legal. This not only causes outrage but also makes the community gradually lose trust in trading platforms.

Trust is hard to build, but it can easily collapse due to a single instance of 'withdrawing money feels like borrowing from a bank.'

3 Steps to Avoid Trouble When Withdrawing Money – New Users Must Know

1. Carefully Check Withdrawal Rules Before Trading

When registering an account, do not overlook the section 'Withdrawal Rules'.
Please be clear:

  • Withdrawal limit per day,

  • When will review be triggered,

  • What types of information need to be provided.

Prioritize choosing exchanges with:
✔ Clear operating license,
✔ Transparent review process,
✔ Fast and responsible customer support.

This reduces up to 70% of the risk of unreasonable withdrawal locks.

2. Protect Privacy Rights and Do Not Compromise Unconditionally

Cooperating with exchanges within the legal framework such as KYC, identity verification, is normal.

But if the exchange requests:

  • 'Purpose of withdrawal',

  • 'Who is the recipient',

  • 'Provide off-exchange transaction history',

then you have the right to refuse.

If threatened with 'if you don't provide it, you can't withdraw', please:

  • Take evidence,

  • Contact the regulatory agency,

  • Send a request to the exchange's supervisory organization.

Privacy is a boundary that should not be violated.

3. Never Leave All Assets on One Exchange

This is the survival principle in crypto: 'Do not keep assets where you do not control the private key.'

Please divide the assets into:

  • Self-managed wallet (cold wallet) → long-term money, as much as possible.

  • Exchange account → only for the amount needed for short-term trading.

This method not only avoids trouble when withdrawing money but also minimizes the risk of the exchange encountering incidents, freezing, or going bankrupt.

Crypto Wants to Develop – Platforms Must Respect Users

No one opposes legal compliance, but legality should not be turned into a tool for creating difficulties.

Exchanges should focus on:

  • Upgrade risk analysis technology,

  • Use AI models to detect unusual behavior more accurately,

  • Instead of applying a series of 'suspicious' questions to all customers.

Only when transparency and respect are prioritized can the market grow strong enough to attract long-term investors.