Ouyi’s novice rewards cannot be withdrawn for the following reasons: 1. To prevent money laundering and fraud; 2. To promote platform participation; 3. To protect the stability of the platform; 4. Compliance requirements. Although not withdrawable, the Newbie Bonus can still be used for trading and investing, with withdrawals possible through the profits generated.
European novice rewards cannot be withdrawn
European novice rewards cannot be withdrawn, the main reasons are as follows:
1. Prevent money laundering and fraud:
In order to prevent money laundering and fraudulent activities, Ouyi will require The user completes the authentication process. Newbie rewards are given to new users who have completed identity verification and therefore cannot be withdrawn before identity verification.
2. Promote platform participation:
Newbie rewards are designed to encourage new users to explore the Ouyi platform. By making rewards non-cashable, Oyi can encourage users to try its trading and investing features.
3. Protect platform stability:
Allowing immediate withdrawal of novice rewards may cause large-scale fund outflows from the platform and affect its stability. By setting rewards as non-cashable, Oyi can control the flow of funds and ensure the normal operation of the platform.
4. Compliance Requirements:
Regulatory agencies in some countries require cryptocurrency exchanges to control fund flows to prevent money laundering and fraud. OYi’s no-withdrawal policy for novice rewards is consistent with these regulations.
It is worth noting that although the novice rewards cannot be withdrawn, they can be used for trading and investment. That is, users can earn profits by using newbie rewards and then withdraw the profits to their bank account or other wallet address.
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