Huobi OTC Desk Explained – Huobi X
Very simply put, over-the-counter (OTC) trading is a deal that happens directly between two interested parties — that is, without an exchange platform.
With regard to the cryptocurrency industry, OTC desks have gained popularity among those who are willing to sell or buy large amounts of coins. On the other hand, there are plenty of investors or traders, willing to buy or sell crypto without resorting to major exchanges, and need a personalised attention and support during the transaction.
With Huobi’s OTC Desk which is licensed by DMCC, you can benefit from trading for a large-sized order, if you are an HNWI or institutional investor. You can enjoy more control over your order with a transparent quote, deeper liquidity, and a personalized, private and totally secure experience.
HOW IT WORKS
Signup
Get started by simply emailing business@huobimena.com with your inquiry. When you decide you want to buy or sell a large amount of digital assets over-the-counter, begin by approaching the Huobi OTC desk and completing the onboarding documentation.
Onboard
To become an OTC client, you must go through the standard onboarding process, obtaining the highest level of verification, to enable large transactions.
All OTC clients are required to provide various types of documentation for example, Government ID, Proof of Residency and Proof of Income for Individual clients. The OTC Desk will inform you of the latest documentation needed.
Communicate
Open up a line of communication, via chat, text or voice call with the trade-desk about your preferred trade. It doesn’t have to be long; you can simply say for example:
You: “I would like to buy 200 Bitcoin.”
Our Trader: “I can sell you 200 BTC at a price of $7,000 USD per Bitcoin.”
Confirm trade
You choose whether or not to buy. Depending on the type of trade, the desk will request for the coins or fiat, a refreshed quote is submitted and the trade is executed.
Complete trade
Once Huobi OTC Desk receives the transfer, our trader will send the assets to the specified wallet address, along with a confirmation email to your inbox, and the trade is complete.
Fiat currencies:
· US Dollars (USD)
· Euros (EUR)
· Pounds (GBP)
· Dirhams (AED)
· And more….
Digital assets:
· Bitcoin (XBT)
· Ethereum (ETH)
· Tether (USDT)
· Ripple (XRP)
· Bitcoin Cash (BCH)
· And more…
Talk to our Huobi OTC DMCC desk at business@huobimena.com
Contact or Join our Huobi OTC DMCC social communities here:
Email: business@huobimena.com
Telegram: https://t.me/HuobiOTCDesk
Contact or Join our Huobi social communities here:
Twitter: https://twitter.com/HuobiX
Telegram: https://t.me/HBMENA
Facebook: https://www.facebook.com/HuobiX/
LinkedIn: https://www.linkedin.com/company/
Instagram: https://www.instagram.com/huobix/
Published at Mon, 10 Feb 2020 12:54:44 +0000
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