How do the big guys in the currency circle withdraw large amounts of money? OKX exchange large withdrawal operation tutorial

The recent price of Bitcoin has been maintained at around US$70,000, which also makes everyone believe that the arrival of the bull market is very likely to see a substantial price increase again. Although most people maintain a bullish momentum towards Bitcoin, the market is still affected by a bearish mentality. Still facing the pressure of large-scale selling by investors, especially when Bitcoin is liquidated, holders may sell Bitcoin at any time. So the issue of withdrawal is a question that everyone is very concerned about. In particular, they want to know how the big guys in the currency circle withdraw large amounts of money? Generally speaking, you need to choose a reliable trading platform. Let me explain it to you below.

How do the big guys in the currency circle withdraw large amounts of money?

Big guys in the currency circle usually use a variety of methods to make large withdrawals. The most common ones are in exchanges, such as large-scale withdrawals such as Oyi and Binance. The following is a large withdrawal on OKX exchange. Tutorial on withdrawal operation:

1. Open the official website of OKX Exchange (click here 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 your email address The verification code received is valid for 10 minutes

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

##3. Select your country/region of residence, and 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, and 1 symbol, such as: !@ # $ % and other conditions

#7. Different levels of authentication can be carried out according to different needs (note: video authentication needs to be operated on the APP)

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

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

10. Enter the amount of BTC to sell, and click Sell BTC to exchange for USDT

10. Click Buy Coin on the homepage, select C2C Buy Coin, click Bulk Transaction, and click Sell. Select USDT as the weight and choose the appropriate merchant to sell it. It should be noted that there is a minimum limit of 100,000.

What are the ways to withdraw large amounts?

In addition to exchange withdrawals, large-amount withdrawals also include over-the-counter transactions, ATM machines, etc. The specifics may vary according to changes in needs, regions and legal regulations. The following is a detailed introduction to different methods:

1. Cryptocurrency trading platform withdrawal:

Big players in the currency circle usually use cryptocurrency trading platforms to convert their cryptocurrencies into legal tender, and then transfer the funds through bank transfers or other payment methods. Withdraw money to his bank account. 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. Over-the-counter trading:

Big names in the currency circle may obtain large amounts of funds by directly trading cryptocurrencies with others through over-the-counter transactions. 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.

3. Cryptocurrency automatic teller machines (ATMs):

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

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