If you have made a large amount of money from crypto and are planning to withdraw a large amount, such as millions of dollars in USDT, there are important things to consider before withdrawing. Banks will likely have questions, especially for large amounts like $5 million or more, and they may even offer financial services such as insurance, VIP accounts, or escrow. While these offers may seem appealing, there are key points to keep in mind.
Be careful of the risks associated with âblack moneyâ. Selling USDT through shady platforms or traders can expose you to illegal funds. If you accidentally trade with âblack moneyâ, here is what can happen:
1. Small participation may result in account freezing for a few days.
2. Major trouble can result in account freezes for months, seizures, or even legal consequences like jail time or long-term financial restrictions.
Avoid suspicious transactions, such as selling USDT at unusual pricesâlike $7.50 when the market rate is $7. This could signal involvement in illegal activity. Stick to market rates and use legitimate platforms to avoid being accused of hiding illicit funds.
To be safe, always work with trusted people when withdrawing money. Make sure that the money comes from personal accounts that have been stable for at least three days and avoid cash transactions, which carry risks related to black money and personal safety. Always verify the money before completing any transaction.
In short, be smart, be cautious, and avoid unnecessary risks when handling your crypto earnings. Protect your hard-earned assets and stay away from potential legal complications.
