Regarding the issue of frozen bank cards for cryptocurrency trading, I have summarized a set of solutions based on more than 300 similar frozen card unfreezing cases in the past. They are all practical stuff!
1. Analysis of the reasons for freezing credit cards due to cryptocurrency trading
There are two main reasons why the card is frozen:
1. Due to frequent withdrawal operations, the bank's risk control system detected abnormal account transactions. (Mainly abnormal usage specifications, such as frequent bank card transactions, large transactions, fast in and out, centralized transfers and dispersed transfers, dispersed transfers and centralized transfers, frequent night transactions, no balance in the account, only for transitional purposes, etc.), which generally triggers the bank's gab2 anti-fraud model to be frozen. In this case, the freeze is generally not to receive or pay.
Solution: If you encounter such a freezing situation, you should take the initiative to go to the bank to understand the situation as soon as possible. Because the bank's risk control freezing has no time limit, if you do not deal with it, it may remain frozen. For general risk control, you can bring your bank card and ID card to the bank to verify your personal identity and explain the source of the fund transaction flow. For some cases involving anti-fraud center model risk control, you need to go to the public security department to check the account and confirm that there is no suspicion before unfreezing.
2. When you withdraw money, you receive the black money from the other party, which makes your bank account involved in the case, so the public security department freezes or stops the payment of the account. Generally, it only receives but does not pay. Or if there are funds related to the case in your card transaction records, and there are transactions between the risk account and the risk account, the public security will make an emergency stop payment on the account in this case to prevent the outflow of funds.
Solution: If you encounter a public security or judicial freeze, wait for 3 days first, because the general period of temporary suspension is 3 days. You just need to wait for it to expire and see if it will be released automatically. However, most temporary suspensions will become formal freezes after three days, and will be extended for half a year. At this time, it means that your bank card has been officially identified as involved in the case.
If your bank card is involved in a case and is frozen, first ask the bank for the name of the public security unit that froze the card, the case number, and the contact information of the responsible police officer, then contact the police in the freezing department to understand the reason for the bank card freezing, explain your personal situation, and cooperate with the police to deal with it. Generally speaking, if you communicate patiently with the bank card involved in the case of cryptocurrency speculation, there is hope that the judicial freeze will be lifted. Communication skills are very critical in this process, and it is recommended to seek guidance from professionals.
2. What will be the consequences if you do not handle the situation where your card is frozen for withdrawals?
1. If you encounter a bank risk control freeze, if you do not deal with it, it may remain frozen because there is no time limit for bank risk control freezes.
2. If you encounter a public security or judicial freeze, it depends on whether your card is included in the first and second level blacklists. If so, there is a high probability that other cards under your name will also be affected, and transactions will be restricted, or non-counter transactions will be restricted. In serious cases, you may also be punished by the bank. (Personal bank account non-counter transactions and all payment account transactions will be suspended for 5 years. In other words, relevant units and individuals cannot use bank cards to deposit and withdraw money at ATMs, cannot use online banking or mobile banking to transfer money, cannot swipe cards for shopping, and cannot make quick payments through shopping websites within 5 years.) Once punished, it will be very, very difficult to unfreeze!
3. Once the black money is received from buying and selling virtual currency and is frozen by the judiciary, it is very complicated to deal with it. Even professionals need to spend a month to handle it. Therefore, it is very important to "prevent it before it happens":
So, how to deal with the problem of black money when selling coins and withdrawing cash?
1. When withdrawing cash, look for merchants with large transaction volumes, long registration time, and normal prices (the selling price is lower than the market buying price). Don't be greedy for small bargains:
Generally, the price of stocks with more than 2,000 transactions and registration time of more than one year is lower than the purchase price. However, stocks with small transaction volume and registration time of less than one month and the top few prices almost all have problems.
2. Use unused cards to collect money. Don’t use too much money on a single card. Try to only trade with one merchant per card. Quarantine the money for 1-3 months. Transfer it to the main card after it is not frozen. Because we don’t know which merchant has the problem, it is purely a probability, so we need to reduce the loss caused by freezing. With this isolation method, even if one card is frozen, it is not a big problem and can be processed.
Please indicate the source when reprinting: Big Rock Sugar Orange
Follow me, let’s get rich together in the next bull market