How I used Huobi OTC in my crypto investment journey

As trader I always search for new opportunities to increase my investments and now I found one that I am pleased to share with you.

Huobi Global is my favorite exchange to trade cryptocurrencies on. They are reliable, there are no trading fees and due to high volume and many traders my transactions are processed very quickly. When trading on an exchange you are part of the biggest market worldwide. A financial market which works the same as buying groceries at your local market. It is a place where supply and demand meet eachother. In some cases people cannot buy or sell cryptocurrencies with fiat money on an exchange or need a place where they can trade a large order of digital tokens. Huobi global launched a new platform where these specific transactions can be made. 

The platform is called Huobi OTC. A marketplace where supply and demand meet eachother in specific conditions and is accessible by everyone. Anybody can sell his cryptocurrencies based on his own conditions by making an advertisement. If someone accept your advertised offer they only need to transfer  their  fiat money with one of the payment options you provided. Huobi OTC is guiding the whole process of the transaction to guarantee a safe and reliable trade. 

First time I used an OTC market to buy BTC was about 4 years ago. I knew nothing about cryptocurrencies but found a website where I bought some BTC with fiat money. I never used an OTC market again, but now I realize the Huobi OTC platform has great opportunities for investors like you and me, wich i gonna explain to you. The most important difference between Huobi OTC and exchanges is that anybody will be able to buy/sell cryptocurrencies on this platform with fiat money. For  this purchase as seller you can ask a higher price wich can be used to cover the costs of transactions and any currency risks.

Buying cryptocurrencies with fiat money

Before I tell you how I use the platform to increase my investments I explain why Huobi OTC is adding value to the existing ways of trading. 

Every user on Huobi OTC and Huobi OTC Vietnam can trade BTC, ETH, USDT, EOS and HT and more assets are being added as more people gonna use this platform. People will use this platform because it connects people worldwide and is a reliable, user friendly environment where people can exchange their fiat money for cryptocurrencies. 

The link to this great platform is https://otc.huobi.com.If you want to purchase assets with Huobi OTC you can click on the following link for a step by step guide: https://huobiglobal.zendesk.com/hc/en-us/articles/360000044442-How-to-Buy-Digital-Assets-like-Bitcoin-Quickly-on-Huobi-OTC-Website- 

There is also an Huobi OTC application for mobile phone users, wich can be downloaded when surfing to their mobile website. A popup will ask you if you want to install the app. I can recommend using the app so you won't miss a call from a buyer. With the app you can always react on buyers and transfer your funds if a buyer transferred money to your account. For a quick explanation of how to use this mobile app you can watch the following tutorial: 

Make your own advertisements

As user of Huobi you can place advertisements to buy or sell cryptocurrencies. The rules  for placing advertisements can be found herehttps://huobiglobal.zendesk.com/hc/en-us/articles/360000134642-Advertisement-Posting-on-Huobi-OTC-by-Ordinary-User-Non-China-Users-Only- and a step by step guide on how to make your advertisements on Huobi OTC can be found athttps://huobiglobal.zendesk.com/hc/en-us/articles/360000100561. The interface is user friendly and has a great overview, so posting an advertisement is very simple.

How I use this platform to increase my investments

Now you know how to buy cryptocurrencies with fiat money I tell you how the process of selling cryptocurrencies works. And more important how you can take advantage of advertise on Huobi OTC. 

While writing this article the price of BTC is trading at $ 6764,-. A quick search at Huobi OTC lets me see 5 sellers in Singapore asking a price of SGD 9397 - 9784 which converted to USD should be worth $ 6884 - $ 7167,-. In the next picture you can see the screenshot with the different advertisers.

The most expensive advertiser (seller) sold 33 % of his supply, from wich I conclude people are prepared to pay these price. If I would advertise under the same conditions I would make a profit of 5.95 %.  

I would like to sell my BTC for $ 7167,- when the market is trading at $ 6764,-. My profit would be $ 400,- for one transaction. As seller I can choose many different payment options I prefer. As soon as the transaction completed I convert my earnings into USD. 

Next step is buying BTC 1.0595 at the current market price. A new advertisement can be made and this way I increase my investments every time with 5,95 %. Not bad at all.

My real crypto journey started about two years ago and I made several trades on exchanges. These trades were all based on the market price. Now i have an extra option to sell my crypto's at my own price and make profits when the markets are not moving or moving down. There is a huge demand at this market and Huobi OTC is offering a very good platform that gives users access to this markets. My advice is start using it to your advantage. 

I hope this article gave you some usefull information to help you with your own crypto journey. Good luck with trading and increasing your investments. If you don't have an account at www.huobi.pro feel free to use my referral link in the picture below.