Will the card be frozen when Ouyi sells usdt?

Key Points:

• Understanding the Ouyi KYC Verification Process
• Ways to Sell USDT on Ouyi
• Avoiding Frozen Cards During USDT Transactions
• Frequently Asked Questions

Understanding the Ouyi KYC Verification Process

Ouyi requires users to complete Know Your Customer (KYC) verification to enhance account security and prevent fraudulent activities. This process entails submitting personal information, identification documents, and sometimes a video call.

• Benefits of KYC Verification: Enhanced account security, access to higher withdrawal limits, and eligibility for exclusive promotions.
• Documents Required: Government-issued ID (e.g., passport, national ID card), proof of residence (e.g., utility bill, bank statement).
• Process Duration: Typically takes 1-3 working days to complete.

Ways to Sell USDT on Ouyi

Once your Ouyi account is KYC-verified, you can sell USDT in several ways:

• Over-the-Counter (OTC) Trading: Direct peer-to-peer trading with other users on Ouyi's OTC platform. Requires a minimum trade amount and potentially higher fees.
• P2P Trading: Similar to OTC trading, but users can set their own prices and negotiate terms directly with each other.
• Spot Trading: Trading USDT against other cryptocurrencies in real time through Ouyi's spot market. Offers higher liquidity but may have more price volatility.
• Selling to Ouyi: Ouyi provides an option to sell USDT directly to the platform at a market price. This is a quick and convenient method but may result in slightly lower returns.

Avoiding Frozen Cards During USDT Transactions

To avoid having your card frozen when selling USDT on Ouyi, follow these steps:

• Ensure Card Information is Accurate: Enter the correct card details, including cardholder name, card number, and expiry date.
• Check Card Availability: Confirm with your bank or card issuer that your card allows for cryptocurrency transactions.
• Limit Transaction Amounts: Start with small transactions to avoid triggering anti-fraud measures.
• Avoid Frequent Transactions: Space out USDT sales over time to reduce the risk of being flagged as suspicious activity.
• Contact Ouyi Support: If your card gets frozen, contact Ouyi's support team immediately and provide relevant documentation.

FAQs

• Why do I need to verify my identity on Ouyi? To comply with regulatory requirements and enhance account security.
• Can I sell USDT without KYC verification? No, KYC verification is mandatory for all USDT sales on Ouyi.
• What are the fees associated with selling USDT on Ouyi? Fees vary depending on the trading method. Refer to Ouyi's official website for specific fee information.
• Is it safe to sell USDT on Ouyi? Yes, Ouyi is a reputable cryptocurrency exchange with strong security measures.
• What happens if my card gets frozen? Contact Ouyi's support team and submit relevant documentation to resolve the issue.