Risk of Frozen Accounts During Crypto Sales to Fiat

[DeniroEnn]

I’ve heard stories about banks freezing accounts after crypto sales—how real is that risk, and how can you avoid it when converting to fiat?

[Medel]

It’s real, especially in countries with unclear crypto regulations. If you buy cryptocurrency, try using exchanges that partner with local banks. Also, avoid mixing personal and crypto funds in the same account, and keep transaction amounts reasonable to avoid red flags.

[cryptoatmexpert]

I recently ran into a related issue where my Crypto.com card not working during an attempted fiat withdrawal. Turns out there are several technical and compliance-related reasons this happens, and not all of them are obvious at first. I found a guide that breaks down the possible causes and how to fix them—might be useful for anyone facing similar roadblocks when accessing their funds.