How does a millionaire in the cryptocurrency industry withdraw money? What are the withdrawal methods?

Withdrawing money from the currency circle is the process of converting digital assets into legal currency and withdrawing it to a personal account. It is a crucial link for investors. Usually investors will withdraw assets on exchanges such as Ethereum and Binance. This process involves multiple steps and precautions, which is more troublesome for newbies who are not familiar with it, but it is still a popular withdrawal method at the moment. And some people may be curious about how ordinary retail investors withdraw money like this, so how do tens of millions of people in the currency circle withdraw money? From the current point of view, the main way for tens of millions of people in the currency circle to withdraw funds is through exchanges. The editor below will tell you in detail.

How does a millionaire in the currency circle withdraw money?

Withdrawing money from a big guy in the currency circle mainly involves selecting bulk transactions in the exchange and withdrawing money in batches. The following uses the Oyi Exchange as an example to tell you a detailed tutorial on how to withdraw money from a big guy in the currency circle:

1. Open the official website of OKX Exchange (click to register), enter your email address on the homepage, click "Register", slide the slider to the right, complete the puzzle for verification, and then enter the verification code received by email. The verification code is valid for 10 minutes

2. Then enter your mobile phone number, click "Verify Now", enter the six-digit verification code received on your phone, the validity time is also 10 minutes

3. Select your country/region of residence, Check the Terms of Service, "Risk and Compliance Disclosure" and Privacy Policy and Statement

4. Create a password that must be 8-32 characters in length, 1 lowercase letter, 1 uppercase letter, 1 number, 1 symbol, such as: !@ # $ % and other conditions

5. After logging in to the account, find the "User Center" icon on the homepage and enter the identity authentication page

6. It can be changed according to different needs Level certification (note: video certification needs to be operated on the APP)

7. Click "Transaction" on the homepage - "Coin" to enter the transaction page

8. Enter BTC in the search box and select For the BTC/USDT trading pair, you can see the real-time market price of BTC

9. Enter the quantity of BTC to sell and click Sell BTC to exchange it for USDT

10. Click [Buy Coin] on the homepage - [C2C] Buy coins]

11. Click [Sell] on the [C2C Transaction] page, select [USDT] as the currency, select [USD] as the legal currency, and select [Bank Card] as the transaction method. You can also use a bank card to trade. For other methods, choose the appropriate merchant and click [Sell USDT]. It should be noted that there is a minimum limit of 100,000.

What are the methods for money withdrawals for billionaires in the currency circle?

In addition to exchange withdrawals, withdrawals by tens of millions of people in the currency circle also include over-the-counter transactions, ATM machines, etc. The details may vary according to changes in needs, regions and legal regulations. The following is a detailed introduction to different methods:

1. Cryptocurrency trading platform withdrawals:

Big players in the currency circle usually use cryptocurrency trading platforms to convert their cryptocurrencies into legal tender, and then withdraw funds to their bank accounts through bank transfers or other payment methods. Large trading platforms such as Oyi and Binance usually provide high-value withdrawal services and are equipped with corresponding security measures to ensure transaction security.

2. Cryptocurrency automatic teller machines (ATMs):

In some areas, cryptocurrency automatic teller machines (or Bitcoin ATMs) have become popular, and large withdrawals can be made through these ATMs. These ATMs usually support exchanges between cryptocurrencies and fiat currencies and provide corresponding withdrawal services.

3. Over-the-counter trading:

Big guys in the currency circle may directly trade cryptocurrencies with others through over-the-counter trading, thereby obtaining large amounts of funds. This usually requires a certain amount of trust and security, so a third-party guarantee service or a contract signed by multiple parties may be used to ensure the security of the transaction.

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