I used to do things blindly, not looking at the rebates, not looking at the costs. When I calculated later, I realized I was just working for the platform. Now that I've switched to a rebate account, placing orders feels like saving money, it's great.
A Must-Read for Newcomers in the Crypto Circle: A Freezing Incident Triggered by a 680,000 OTC Transaction (Real Case + Pitfall Avoidance Guide)
Recently received a request for help from a friend:
She sold a large amount of U in the fiat currency area on the OKEx platform. Because the other party proposed 'changing bank cards for payment' and assured her 'it's all money transferred from family and is safe,' she continued with the transaction.
However, shortly after the money arrived, the bank card was directly frozen, and the entire amount of 680,000 was marked by the system as related to a case, which is a typical 'buyer’s source of funds is abnormal' leading to associated risks.
Worse still, this is a Level 1 risk card—
After submitting the materials, the officer handling the case told her to 'wait for notification.' She has already been waiting for several days, and after making too many calls, the other party's attitude has become increasingly cold. She now has no idea what to do next.
Bank card suddenly suspended for 72 hours? Seasoned traders summarize 11 anti-pit rules with tears!
Brothers, last night a little brother urgently found me at midnight: 'Bro, the money I just sold U just arrived in my card, and it hasn't even warmed up yet, and the card can't be used! It says service paused for 72 hours!' In this situation, those who understand, understand, it's really distressing! This kind of thing is really not new in the circle, but every time I hear it, I feel sorry for my brothers. Experience is the best teacher. Combining my own experiences and the blood and tears of my friends, I've summarized 11 super practical anti-pit rules, especially for friends doing OTC, be sure to save them well, they can save a lot of trouble at critical moments! 1. Platform choice: Safety comes first!
Suddenly received a call: “This is the XX City Public Security Bureau,
👮Received a call: “This is the XX City Public Security Bureau, we need to understand your previous virtual currency related trading situation.”
Hearing this kind of talk, even if you've been in the crypto space for a few years, it's hard not to feel a little startled.
But remember: **Don't panic, don't say random things, don't act impulsively.** Follow the 3 steps below, and things will often be handled smoothly. ① First, understand one thing: normal trading itself is not illegal.
If the other party asks whether virtual currency trading is legal, you can respond rationally and objectively:
“Trading virtual currency between individuals is not illegal, but if it involves illegal proceeds, then the user has to bear corresponding responsibilities.”
Real Review: How I Safely Transferred 1 Million USDT to My Bank Account Without Freezing
Today we won't discuss the market, just one thing: how to safely transfer the money earned in the crypto world into your bank account.
To put it bluntly, whether you have hundreds of thousands or millions in your account, as long as you can't cash out, the profit will forever just be a number. Over the past year, I personally withdrew 1 million USDT to my bank account in batches, with zero card freezes and zero pitfalls.
Many people fail not because they are not careful enough, but because they overlook those **'seemingly harmless but actually fatal details'**. Today, I will walk you through the entire process and experience step by step. Follow this, and you'll avoid 99% of the detours.
A Complete Guide for Crypto Newbies to Avoid Pitfalls: 90% of Scams Can Actually Be Seen Through in Advance
Newcomers who just entered the crypto space often explore alone without guidance, and it's easy to stumble at the first step. This is not alarmism; many people enter the market and lose all their money—being harvested by Ponzi schemes, being tricked by scams, and only realizing ‘I was just a pawn’ when the project collapses and the coin goes to zero.
But don't let this negate the crypto space itself. **Blockchain is a technology; scams are just dressed in the guise of cryptocurrency.** The real issue is the abuse of gray token financial chaos (illegal fundraising, market control, money laundering, etc.). So, if you want to survive in this industry, it's not about luck; it's about recognizing 'what kind of game this really is.'
Stop studying a bunch of technical indicators; the method I teach my fans to turn around is actually very 'stupid.'
Many people think that to make big money in the crypto world, they need to understand a lot of things first: various technical indicators, candlestick patterns, strategy models... If they don’t look at hundreds of charts or understand RSI, MACD, they feel embarrassed to place an order.
But to be honest, I’ve seen too many people like this—having learned a lot of knowledge, but their accounts continue to lose. The ones who truly help fans make money are never 'techniques', but a very simple method.
I still remember four years ago, I had an old fan who stayed up late every day to look at charts, study indicators, and could stare at candlesticks for more than ten hours, even started looking at on-chain data. But what was the result? The more he operated, the more chaotic it became, he had two liquidations, and the whole person was driven to anxiety by the market.
8 Years of Practice, From 200,000 Yuan Capital to Supporting a Family - Insights from an Experienced Trader
I am a part of the security team, and I have been struggling in the cryptocurrency circle for 8 years. From initially entering the market with 200,000 yuan in capital to today being able to support my family through trading, this journey has been full of lessons and has accumulated many practical experiences worth sharing.
I have experienced the surprise of becoming rich overnight and have also faced the abyss of nearly liquidating my assets. Looking back now, what truly kept me alive are these insights and disciplines.
One, the length of the position depends on the market rather than time.
Many people think 'holding longer means earning more,' which is a common misconception. In fact, the cryptocurrency market is highly volatile, with huge differences in performance among different coins; some peak within weeks, while others remain stagnant for a year.
[Crypto World Comeback Manual] From 68,000 to 40 million, I achieved this with these 10 iron rules
There are no myths, no talents.
I'm just an ordinary retail investor, using 68,000 earned from working, I survived for 10 years through trend trading, living, making profits, and achieving the transformation from 'retail investor' to 'trader'.
Now my assets are over 40 million, and my goal by the end of the year is to break 100 million.
The mindset and methods on this journey, I don't hide, I will explain everything today—
I hope you can take fewer detours and no longer be harvested.
✅ The underlying logic of trend trading, I summarize it in three points:
1) Trend recognition:
Prices keep hitting new highs, and the pullbacks are also rising, trend established.
【I didn't make any money, but the commission has arrived, at least I didn't work in vain】
This is a message from a brother:
"The market wasn't good this week, and my account still lost money. But at the moment the commission arrived, I suddenly felt that I didn't work in vain this week."
This is the most genuine emotion of ordinary retail investors:
Sometimes you don't necessarily have to get rich, but you certainly can't leave with nothing.
The transaction fees are quietly deducting money, while the commission is the last bit of certainty you can hold onto.
You ask if it's worth opening? This guy has been in for a year,
He said: "This is the only refund in the crypto world that won't run away."
I am 31 years old this year, originally from Quanzhou, and now settled in Shenzhen.
Two years ago I just finished paying off my mortgage, and now I have stable cash flow in my account. I wouldn’t say I’m wealthy, but I know that these years I have relied on myself, step by step making it out of the crypto world.
The initial capital was less than 200,000, and at one point it retraced to over 30,000. After enduring the crash, consolidation, and false signals... it was gradually built back up.
The best wave was holding onto the main surge of a niche track, steady from initiation to explosion, achieving a 50-fold increase. At that moment, I made my account reach 7 figures for the first time.