Before 2020

I haven't mentioned tens of millions, but I have mentioned more than 1 million. I just go through OTC transactions. Each transaction is about 400,000, divided into three transactions, and directly credited to my bank card. There is no fuss at all.

but! Notice! That was before 2020!

After the card cancellation operation in 2020, if you use OTC again, no matter whether the source of the other party's funds is black money, there is a high probability of being risk controlled.

After 2021

After 2021, I have had 5 bank cards frozen, 2 of which were frozen by gong an, and the money in them cannot be withdrawn, so I can only wait for a long time. The other 3 triggered the bank's risk control system and were blocked by non-tellers. , but you can still go to the counter to transfer or withdraw cash.

After being frozen, the bank will still call you and ask you what happened to the incoming funds and whether you know the other party. You can lie or not answer, don't worry. I remember someone from the Bank of Communications called me and asked me how I got the funds. I said I came from selling BTC, and she also told me that selling digital currencies was illegal. . . Of course, they just ask and tell you that your card is frozen, and nothing will happen.

After being banned from the counter, if you go to the counter to transfer or withdraw cash, some outlets will block you and only let you withdraw 10,000 yuan at a time, and will also ask you about the source of the abnormal funds. But don’t worry, try changing to a few more outlets (especially small outlets in small cities). Some outlets don’t ask anything and just transfer and pick up everything at once.

Case

After 2021, risk control will be very strict, and even 50,000 yuan can be risk controlled. The main reason is that the authorities have begun to vigorously investigate e-mail fraud and banks' risk control mechanisms have been tightened. How strict is the risk control? Let me talk about a typical case among my 5 cards.

At the end of 2021, I had a U of more than RMB 60,000. After selling it on the OTC platform, the funds were received into Bank of Communications Card A. Since the funds were not large, I just deposited it into Alipay's Yu'E Bao immediately, and withdrew cash from Yu'E Bao a week later. After arriving at China Merchants Bank Card B, two days later, I suddenly found that China Merchants Bank Card B could not be used for online banking purchases. I called and found out that China Merchants Bank Card B had been blocked. At this time, I checked the status of Bank of Communications Card A and found that it had been frozen. I went to the Bank of Communications counter to inquire. I was told that it was frozen by GA, and it can be determined that the source of funds of that U merchant is black money. But fortunately, I transferred a lot of money through Yu'e Bao and there was no loss. If the money had been left in Bank of Communications Card A, it would have been a disaster. As for China Merchants Bank Card B being debited from the counter, I went to the bank counter to handle it and transferred everything to ICBC Card C at the counter. In the end, there was no loss. I was on a business trip in Shenzhen and went to a China Merchants Bank branch in Shenzhen. When I went there, I found that there were a lot of people. The most impressive person was the person in front of me who had the same problem and was banned from the counter. After chatting with the branch lobby manager, I discovered that a lot of people have been deported recently. There are more than 20 people who come to deal with the problem every day.

Two freezing methods

After OTC trading, there are generally two situations when the card is frozen:

Let’s talk about the first type first, that is, the money is definitely black money and your card is frozen by Gong An. This situation is the most painful. It is basically impossible to withdraw the money. You can only wait for the case to be closed, but usually it is far away. lost heavily.

Ways to avoid collecting dirty money include:

On the OTC platform, don't trade with the best price. Scroll down and find some U-merchants with early registration time and large number of transactions. Don't just focus on the exchange rate and price. It doesn't matter if the exchange rate is lower. Safety is the most important.

If after placing an order, the other party chats privately, saying that my card limit has been exceeded, can I use someone else's card to transfer it to you? 80% of these cases have problems, and will be rejected, the transaction will be closed, and the transaction will be blocked.

After transacting with a certain U merchant, if it is safe for a month, you can add a contact information and contact him first in the future, and then trade through the platform.

Another situation where the card is frozen is that the bank's risk control is triggered, but there is no involvement in the case. In this case, the card is usually blocked from the counter. You only need to go to the counter with your ID card to handle it, transfer it or withdraw cash. However, the online banking function of this card can no longer be used.

Summarize

In both cases, frozen cards are basically frozen 1-30 days after payment is received. It is almost never frozen within a few minutes or dozens of minutes after payment is received. Therefore, after receiving the money, for the sake of safety For safety reasons, it is best to immediately deposit it into an APP wallet or financial product within an hour, such as Alipay, Yu'e Bao, and WeChat wallet. However, WeChat and Alipay platforms are relatively large and have been linked to GA. If the source of funds is clearly involved, WeChat and Alipay will It is also possible for your balance to be frozen, but the probability is smaller than that of a frozen card.

Why are Alipay and WeChat wallets less likely to be frozen than cards? This is related to GA's case handling process. If the merchant who bought your U has funds from electronic fraud, after the victim reports the crime, GA will be in their system. You can directly retrieve the associated card of the fund flow and stop the payment (freeze) in batches with one click. However, if the funds are charged to Alipay or WeChat wallet, GA's system cannot associate and freeze them with one click. Manual processing is required. Contact Alipay to freeze your Alipay account.

focus

No matter what channel it sells, it is best to buy T+0 or T+1 current financial management as soon as you receive the account. Where can you buy it, such as JD Finance and Du Xiaoman? Do not buy it in the bank APP, otherwise the card will be frozen. , you can’t transfer it out even if you redeem it for financial management. When the money goes into these third-party financial management platforms, it is basically 99.999% safe. The two cards I had frozen by GA were all because I bought financial management as soon as I received the money to avoid losses. When you need money, you can withdraw money to another card (not the payment card that was previously recharged). Note that some financial management platforms can only enter and exit with the same card number, but JD Finance can recharge card A and withdraw money to card B. , just require that the name remains unchanged. The method is to recharge card A, unbind card A, bind card B, and then withdraw cash. I don’t know about Du Xiaoman, but it’s best to test it yourself first. After the money is transferred to the financial management, if the previous payment card has not been frozen after a month, then you can confirm that there is no problem with the funds and you can use it with peace of mind.

If you pay attention to these issues, you can basically withdraw funds in the millions. As for tens of millions or even over 100 million, my suggestion is:

Don't mention

My former company boss has cryptocurrency worth hundreds of millions of yuan. I can see the wallet address and am very sure.

I don’t know how he withdraws cash, but my long-term observation of his wallet is that,,, don’t mention it

I am a long-term investor who invests in ETH and WBTC. I can only get in but not get out. I haven’t withdrawn money in more than 3 years.

In fact, if you think about it, you can understand why you have to withdraw tens of millions at once? Do you want to buy anything? Is there anything that requires you to pay tens of millions at a time? Can't you just buy it?

Just withdraw it when you need to spend it. For daily expenses, a few hundred thousand a year is enough.

Run

If you really have tens of millions or even more than 100 million, you can consider immigrating and getting an identity in a country with loose policies. It will be easier to raise more.

My former company boss just got his Canadian status this year, so he probably had this in mind.

Easier said than done

In addition, I believe that your U, which is now worth tens of millions, was not bought with tens of millions of RMB in the first place;

This area is more or less gray. You haven't paid taxes, and the policy doesn't allow it. You still want to spend as you like, and you can take advantage of all the benefits. There are no restrictions. Are the requirements too high? Just take your time.

Some people who question my bragging can only say that "the ignorant are fearless". This person's logic is also amazing. I have not been frozen in three transactions, so the story about you being frozen is false. In the same way, I have walked on the highway three times without being hit, so the story about you being hit is false. Walking on the highway is very safe. In the same way, when I charge the battery car at home, the lithium battery has never exploded, so your report that the battery has exploded is false. It is very safe to charge the battery car at home. In the same way, my phone has never been stolen, so the story of your phone being stolen is false and there is no need to be careful or take precautions.

Am I here to make up stories when I’m full and have nothing to do to persuade people to be careful? Are there any benefits to me making up stories? Is it a bad thing if you play it safe? There are only advantages to being careful, not disadvantages. On the contrary, don't regret it until you encounter a disaster. Regret cannot solve the problem.

Three of my cards were blocked, and two were blocked. The reason why I didn’t lose any money is because I listened to my friends’ advice with an open mind. Our company is engaged in blockchain-related business. Almost everyone in the company plays with coins. At that time, the first colleague whose card was frozen lost hundreds of thousands of yuan. It has been two years and it has still not been unfrozen. The balance is just a string of numbers, which is equivalent to nothing. Since he was tricked, all of us have learned a lesson and followed the path of card A, financial management, and card B. No one has suffered any losses so far. However, card freezes still happen occasionally, and there have been 5 cases so far. Several colleagues had their cards frozen, but no one lost any more money.

There are hundreds of thousands of transactions on the OTC platform every day. How can every transaction be frozen? You can guarantee that it is safe even if you sample 3 transactions. You can only say that "the ignorant are fearless". Go and search online to find out how many people have been frozen. Although being frozen is a small probability event, once you are caught, you will regret it and act with caution. It will only be good for you and not harmful.

nip problems in the bud

I have never heard of cards being frozen. I have never been frozen. I always feel that this matter is far away from me. You can take a look at my screenshots. These are 3 of my cards. My friends and colleagues have been frozen. That adds up to more. Telling people with good intentions to be careful will only do good things and not bad things.

Don't wait until your card has a current balance of hundreds of thousands and a usable balance of 0 yuan. Then cry and complain. Regret will not solve the problem!