After we enter the currency circle, we may often need to exchange digital currency for ordinary legal currency, because after all, virtual currency is not a real currency and cannot be used for shopping. Only after it is converted into legal currency can consumption be made. Many investors may encounter situations where their bank cards are frozen when they withdraw cash. If we withdraw cash at an illegal merchant, our bank card will be frozen until the case involved is resolved, which may take several years. So many investors want to know how to trade USDT to avoid being frozen? They want to know how to avoid illegal funds by selling USDT? Let the editor tell you below.
How to trade USDT to avoid being frozen?
How to reduce the probability/loss of frozen card withdrawals:
1) Before withdrawing money, check whether the payment function of the bank card is normal to avoid direct locking of funds.
2) Carefully select the OTC service provider before withdrawing money. In order to avoid suspicion of advertising, Liantiantai will not recommend the platform by name. In principle, the security ranking is always: acquaintance OTC is better than platform OTC, strong KYC required platform is better than weak KYC required platform, t+1 is better than t+0.
Some platforms require multiple face recognitions during transactions. Criminals can only use their own KYC information, and they can only withdraw coins 24 hours after the transaction. This also has a certain deterrent effect. Generally speaking, it increases the withdrawal threshold for criminals. This Class platforms tend to be a little more secure. It will be more comfortable if you know someone at the exchange, just contact the OTC service provider directly.
3) Do not make notes about buying or selling digital currencies when withdrawing money to avoid triggering the bank's risk control mechanism.
4) Do not transfer money immediately after withdrawing money, otherwise it may be "connected" to other bank cards, and it will also increase your suspicion of XQ. This is the case for the netizen C mentioned above. After receiving the suspicious funds, he transferred them directly, which indeed looks like the operation of a criminal.
5) Special cards are used exclusively. Use one card for deposits and another card for withdrawals. There is no evidence that depositing funds is absolutely safe, so do not use your own salary card or loan repayment card to deposit funds. This can avoid the expansion of losses as much as possible.
How to avoid illegal funds when selling USDT?
The "Card Disconnection Action" was launched on October 10, 2020. If your bank card usually has low turnover and suddenly has a lot of money, or the money transferred to you by the other party went through ABCD before it came to you, basically you can The card will become a risk account due to the other party. Therefore, try not to use bank cards for OTC transactions, try not to use bank cards! Try not to use banks! Use Alipay or WeChat.
One person can register three small accounts on Alipay, which is enough for you to withdraw money, not five or six million at a time. Alipay is a third-party payment institution. When the other party transfers money to you, it has been reviewed by the bank and Alipay's risk control system at the same time. Very few of Alipay's funds have been frozen by the judiciary. Most of them are abnormal risks, and you are restricted from making large payments for a few days. It doesn't affect your money.
Freezing your Alipay is a very, very troublesome thing
If some people insist on using bank cards, they must use a dedicated card. The dedicated card must not be linked to other cards and cannot transfer money to each other to avoid being involved in freezing. If one card is frozen, all of them will be frozen. Then It's too bad, there are cases like this. Try to use local bank cards. It will be easier to solve the problem of card freezing in small local banks, but it is still not recommended to use bank cards to withdraw money.
When withdrawing money, don't look at the price difference of one or two cents. Merchants with unusually high prices often have problems and are unprofitable. You should choose high-quality merchants that have been in business for a long time and have low complaint rates. The registration time should be within Merchants that were more than a year old and had a large number of transactions. If not? Just wait, don’t bother, there are plenty. Give priority to merchants recommended by the platform such as "Blue Shield Merchant" and so on.
In fact, in order to prevent the bank card from being frozen, we can also choose another method, which is to build a reliable USDT wallet. We can convert all the digital currencies in the currency circle into USDT, and then deposit the USDT into our digital wallet. We can then cash out through offline transactions. It is best to use cash when cashing out. After withdrawing cash, you can put your money in funds, P2P, etc., because the money in these places will not be directly frozen. .