In the last month, the overall crypto market prices have dropped, causing the total market capitalization of all cryptocurrencies to fall below $200 billion with implied volatility rising to levels seen only a few times since last year. This drop in price has directly affected the budget plans of every investor within this period.
And since price volatility is a prominent aspect of the cryptocurrency ecosystem of today, most of the ICOs executed in 2017 benefited from the significant surge in price across the board, whereas 2018 is said to represent the direct opposite.
Considering the uncertain nature of the crypto ecosystem, constantly keeping an eye on the OTC market is proving to be crucial in other to remain within predictable boundaries while executing a crypto-denominated trading.
Simply because in an OTC market, dealers act as market-makers by quoting prices at which they will buy and sell a security, currency, or other financial products. A trade can be executed between two parties in an OTC market without others being aware of the price at which the transaction was completed.
While there are many different platforms out there, I personally find Huobi OTC to be one of the most reliable OTC platforms as it offers an aggregated display of buying or selling info and the actual payment is transferred and completed offline.（In other words, Huobi OTC provides escrow on digital assets）
Moreover, Huobi OTC helps users convert their fiat currencies into a digital asset in one of these two possible scenarios:
-First, when users are unable to buy/sell digital tokens with fiat money on an exchange; or
-Second when users want to buy/sell large orders of digital tokens.
You’re new to this?
Go see the beginners guide to Trading on Huobi OTC, watch this short video of how to complete the transaction is 7 easy steps!
You don’t have a Huobi account yet?
Register for your personal Huobi Global account using this link, and participate in the global community today!
How to use Huobi OTC?
Easy, just follow these simple steps:
- Visit Huobi OTC homepage. If you already have a user account, click “Login” and skip ”
- Select the digital asset you want to trade (taking “Buy BTC” as an example), choose the price and the payment method as your wish, and click “Buy BTC.”
- Enter the total/amount you wish and click “Confirm.”
- On the order page, confirm the amount (total) and payment method of the order. Transfer your payment to the seller within the limit time. After the transfer, make sure you click on “I’ve Paid.”
- In the “Confirm Payment” pop-up window, click “Confirm.”
To learn more about Huobi OTC, click here.
Aside from that any Huobi user can post buy or sell advertisements over the Huobi OTC platform: In fact, when buying/selling your digital assets, you post a buy/sell advertisement on Huobi OTC and then complete transactions with the other party so as to exchange your digital assets with fiats. Huobi OTC offers an aggregated display of buying or selling info and the actual payment is transferred and completed offline, So if you want to benefit of the aforementioned privileges make sure to register here.
You can also find the steps on how to post an advertisement here.
For further information about Huobi OTC, check the following Huobi channels:
- Huobi Global Website: www.huobi.com
- Huobi Global Telegram Group
- Blog: blog.huobi.com
Disclaimers: This article should not be considered as financial advice as it only reflects my personal opinion and views and is solely intended to be for general information. This is not an invitation or an offer to buy or sell cryptocurrencies, nor is it a recommendation to buy or sell specific types of cryptocurrencies. I have savings invested in cryptocurrency and I happen to be a Huobi Pro user so take whatever I write with a grain of salt.