Blockchain is becoming increasingly popular and increasing amount of blockchain transactions are happening with time. More and more governments and companies are opening their doors to this new technology. However, the exchange between blockchain and fiat currency is influenced by policy in many parts of the world. We could see in the second half of 2017 that blockchain transactions were severely affected in the Chinese region.
Most traders just want to exchange their blockchain assets with peace of mind.
Most of the world’s mainstream blockchain OTC is built almost entirely for the English speaking world and has many flaws such as, no support for AltCoins, ugly interface and only English support. There is no optimization of fiat currency transaction in Chinese.
OTCBTC was created to wipe these flaws.
What Is OTCBTC?
Founded in September 2017, OTCBTC is a group of Taiwanese crypto-enthusiasts interested in the Blockchain industry, combined with the development of exchanges, ICOs and financial foreign exchange applications, that apply strict KYC procedures, fair scoring mechanisms and other measures that focus on global users. They provide a safe, easy-to-use, convenient and reliable blockchain service that helps establish a smart trading platform with rapid flow of assets.
There are two kinds of fees associated with the platform: advertising and handling fees. Anyone who publishes the need to buy or sell coins on the platform will need to pay for advertising. Handling fee is the fee the platform charges for its services but it is minimal, only 0.1% for a limited period.
One of the main advantages of OTCBTC.com is its Chinese support, which gives them an edge over their western counterparts. Various tokens can be traded with ETH/BTC. An easy trade with high arbitrage API will be provided for third party applications and a mobile version is also available for people on smartphones.
How To Register With OTCBTC To Buy & Sell Bitcoin
- Initial registration: This can be done by logging in to the site and providing your name, email-id and a password.
- Pass Authentication: The total amount of Blockchain asset tradeable depends on the degree of authentication of the user profile. Unauthenticated profiles can change up to 1,000 CNY worth of blockchain assets, authenticated profiles can trade up to 50,000 CNY while advanced verified profiles can trade any amount of assets they want.
- Start trading: Once the KYC is done you can start trading on their simplified easy-to-use platform.
OTB(short for the OTCBTC Token) is a token issued by a OTCBTC platform and is a decentralized blockchain digital asset based on Ethereum. It's an ERC20 standard token.
OTB will use 20% of net profit of OTCBTC platform to repurchase OTB currency every quarter after the currency exchange engine is online. The repurchased OTB currency will be directly destroyed and the reported record publicly announced. Users can inquire through the blockchain browser, which is open and transparent, until the total destruction of 100 million OTB coins.
OTB token holders will be given special discounts for transactions on the platform using OTB tokens. The OTB will become a part of the fast trading system, enabling quick settlement and guaranteeing bridge functions. Transaction efficiency will be smooth within the system.
OTCBTC Trading Exchange Conclusion
The team believes that they will become world’s best OTC blockchain asset trading platform in the world. They are already making blockchain assets flow more efficiently.
If you want to learn more about the company or their token, visit their site otcbtc.com/