Frozen cards are a nightmare for people in the cryptocurrency industry. If you don’t make money by speculating in currencies, and you make money but your withdrawals are frozen, is there anything worse than this? Here is a comprehensive answer on how to avoid card freezing and the operation method (unfreezing) after freezing the card. I hope it can help someone who is destined to do so.

Don’t panic when you know your bank card has been blocked. What you need to be sure of is that this is not your problem, but the OTC merchant's problem. You received the money involved in the case without your knowledge. In fact, you are a victim too. Remember, as long as you have no problem with it in principle, try to explain it as clearly as possible.

However, it cannot be ruled out that in some local law enforcement processes, in order to solve cases efficiently, there may be some cross-border law enforcement methods. In principle, there should be no compromise, such as inter-provincial law enforcement. If necessary, seek appropriate legal assistance.

Example: three prompts and corresponding operations after the bank card is frozen.

1. Account abnormality

After your card is frozen, call the bank counter as soon as possible to inquire about the situation. The bank employee will tell you what he knows about the situation. When you transfer money, it prompts that the account is abnormal, and money cannot be entered or transferred out from this account. There is no need to panic in this case, it will be automatically unblocked in about three working days.

2. This card is not available

You should pay attention when encountering such a prompt. This kind of prompt generally belongs to a judicial freeze, which means that the freeze caused by your bank card involved in the XX case is directly frozen by the law enforcement system and not the bank.

In this case, you don’t need to ask the bank, because the bank doesn’t know why you were frozen, and will only ask you to go to the local public security bureau to inquire about the reason. (Don’t go, remember)

3. Non-cabinet

That is, non-over-the-counter transactions. Strictly follow this method to withdraw funds, and so far I have never encountered any unauthorized transactions.

 

OTC trading/deposit and withdrawal rules

① Remember to use one card for deposits and withdrawals. Try not to use this card from the four major banks. Before each deposit or withdrawal, test whether the card has been frozen; if there is no problem, continue the transaction.

②Do not use WeChat or Alipay to deposit or withdraw money. The freezing rate of WeChat or Alipay is not low, one is three months and the other is half a year.

③ Try to keep the amount of each transaction below 50,000 yuan. If you have friends who work in relevant departments, you can ask why it is 50,000 yuan. Just ask and you will know. I will not explain it here.

④ Remember that after withdrawing money, there must be a balance in the card, about 100 yuan, and the remaining balance must be withdrawn immediately to avoid the high probability of being frozen and the funds being unable to circulate and the unfreezing time cannot be fixed. Cause unnecessary trouble to life.

⑤The last one, how to withdraw money most stably? We cannot guarantee the operation of OTC merchants, so I can only share my own method here: using an ATM machine is the safest. Nowadays, everyone knows that if you go to the counter to withdraw money, if the amount is more than 5W, you will be asked to sign and get your ID card to explain the reason. When you go to an ATM, you won't be asked to sign or show your ID card, so there is no psychological uneasiness. No matter how much money you have, you should go to an ATM to withdraw it if you have enough time.

 

This is the safest way. Even if your card is frozen, it will still be an empty account, so it won’t be a big deal. After you withdraw the funds, it is inconvenient to store them at home because they are cash banknotes. At this time, you can go to the counter and deposit them on your non-deposit and withdrawal bank card, and there will be basically no problem. (If the amount is huge, it is best to go through the stock securities channel before getting out, that’s it)

There is one more thing, which is very important: as long as you conduct OTC on the exchange, don’t be greedy for those few pennies. Try to find a merchant with a total number of orders of 3000+ and a transaction rate of more than 98% to trade. If you complete the transaction, just send him a message first. Words: Please pay attention to the real-name information of the payment account, and if there are any problems, report the complaint as soon as possible. If the merchant says that the limit is exceeded and they will switch you to a friend or family member’s card to pay, cancel the transaction directly.

Someone asked me if I have tens of millions of assets, how can I get hundreds of millions? Personally, I think it is still fragmented. Now that you have reached this level of assets, you need more security. Find about 5 people, friends and family, and each person can withdraw 50,000 per day, 250,000 per day, 6 million per month. Even if you need a large capital turnover at this speed, The probability is enough! It is absolutely not advisable to make a large amount at one time!

By following the above operations, you can most likely avoid accidental card freezes in most cases.

Acknowledgments@EthereumLaozhang@福州鲁