At the beginning of the new year, I would like to share with you some relatively safe methods of fund operation for your reference only. I hope that you can be more cautious and avoid unnecessary risks when conducting virtual currency transactions and fund operations.
1. Binance C2C withdrawal
• Exchange selection: Binance is preferred and OOY is avoided as much as possible. There are many black money transactions on OOY platform, which is high risk.
• Strictly review merchants:
• Registration time: The merchant must have been registered for at least 2 years. The longer the time, the more reliable the reputation.
• Total number of transactions: The more total number of transactions, the more experience and credibility the merchant has.
• Number of transactions in the last 30 days: The number of transactions in the last 30 days should not be too many; a moderate amount is best. Excessive trading may lead to risks.
• Real-name transactions: Be sure to complete transactions through the formal channels of the exchange to ensure that both parties are verified. Never conduct cash transactions offline, and avoid using opaque channels such as Telegram (TG).
2. BiyaPay withdrawal
• Operating procedure:
• Transfer the USDT from the exchange to the BiyaPay e-wallet.
• Exchange into US dollars or other legal tender at a ratio of 1:1 in BiyaPay.
• Withdraw the exchanged funds to bank accounts such as Wise or OCBC.
• Finally, remit the funds back to a bank card in the mainland or receive them through Alipay, WeChat, etc.
• Advantage: By using this method, you only need to pay a certain handling fee and exchange rate loss to legally and safely withdraw funds.
3. Offline currency withdrawal
• Safety principle: If you choose to trade offline, be sure to find someone you know and trust. Offline trading carries many potential risks, so extra caution is required.
• Life first: During the transaction process, personal safety is the most important. If you encounter robbery or other dangerous situations, do not confront the other party; ensure your own safety.
4. Other precautions
• Compliance awareness: When conducting any financial operations, be sure to comply with local laws and regulations to avoid involvement in illegal transactions.
• Risk assessment: Before proceeding, fully assess the risks to ensure the legality and safety of the transaction.
• Cautious selection: Whether online or offline, choosing a reputable platform and trading counterpart is key.
Conclusion
Virtual currency trading carries many risks, especially during the fund withdrawal process. I hope everyone can pay more attention to safety and compliance while pursuing profits, avoiding unnecessary losses due to momentary negligence. With the new year comes new hopes; I wish everyone a safe and smooth wealth growth. Recently, I found out that there is a Conan in the first tier, which is said to be a dogecoin from the Trump series; it can be researched.