The OTC markets serve as a peer-to-peer platform for users who are keen to enter into the digital asset marketplace. While there are many different platforms out there, Huobi OTC is one of the most reliable OTC platforms out there. You can click here to sign up. Recently, Huobi has moved into the Vietnam OTC market and promises to give users on their platform a host of benefits and advantages that put Huobi OTC far ahead of the competition.
But first, what exactly is OTC?
OTC stands for Over-the-Counter, which quite simply means skipping or bypassing the counter. OTC refers to peer-to-peer (p2p) or over-the-counter trading carried out directly between customers and market makers - this means that there is no need for trades to happen on exchanges. Rather, in such a case, the seller and the buyer enter into a transaction directly with each other, usually with the assistance of third parties.
OTC trading has always been a key tool in the traditional financial market. However, in 2018, as cryptocurrencies began to get more popular so did trading them. Thus, OTC found its way into the world of cryptocurrencies as more users began to get involved in the space. LocalBitcoins became one of the most popular players when it came to p2p trades and still continues to be. A host of other players also emerged which includes OKEx, Remitano in Vietnam and Huobi OTC. Although I have used LocalBitcoins in the past, my personal favourite platform is Huobi OTC. And with their entry into the Vietnam market, crypto traders and enthusiasts in the region stand to benefit from their superior offering.
Benefits Of Huboi OTC Vietnam
0% Fees
OTC offers market participants a variety of benefits that traditional exchanges simply can’t match up to. These include price stability, the speed of execution, security, and privacy. But the key benefit that Huobi OTC Vietnam is providing OTC trading at 0% fees. Yes, you heard that right - Huobi OTC Vietnam will charge no fees! While their competitors charge 1-2% as fees to execute trades, when a user trades local currency into BTC, ETH and USDT on Huobi OTC Vietnam they will be absolutely no charges. And that’s not all, even for other trades, Huobi OTC will charge a mere 1%. This is truly a landmark decision by Huobi and promises to give OTC trading in Vietnam a much needed boost.
0% Transfer Fees
As if 0% trading fees didn’t sound good enough already, Huobi OTC will also offer 0% transfer fees. This means that when a user transfers their coins to other Huobi Global exchanges like Huobi Pro, Huobi NEXT, Huobi OTC and Huobi Margin Trading, there will be no cost involved in the transaction. This will allows users to freely move around their assets to take part in other exchanges of in the Huobi Global ecosystem without the worry of high transfer fees. A very refreshing idea, indeed.
A safe and reliable peer-to-peer digital assets platform
On Huobi OTC, clients are limited to one big deal, which allows to increase efficiency and avoid difficulties with execution on different exchanges. In addition, the transaction is not fixed in the order book of the site and is not displayed publicly, which allows achieving a higher level of privacy.
Privacy and users’ security is top priority for Huobi OTC. Their platform is one of the best I’ve seen and used and my experience was as seamless as it can be. Trades take place in an absolutely safe manner with Huobi OTC platform acting as an escrow. Huobi OTC differs from less secure OTC platforms like LocalBitcoins where most trades are done in person and in cash there is no such buffer. This make it big security concern if you’re transacting with someone that’s unfamiliar which is usually the case. In short, Huobi OTC is very safe and dependable.
Gives users a great platform and the knowledge necessary to get started in under 10 minutes!
Huobi OTC provides users with all the knowledge and resources they need to begin their journey in OTC trading. A user can learn the entire process and find simplified explanations for everything on their platform - in as little as 10 minutes! Isn’t that great and super fast?
You can get started by reading this article on OTC trading on Huobi Global’s official blog: https://support.hbg.com/hc/en-us/articles/360000044442
Also check out this great video that explains the OTC trading process on Huobi:
Sellers must have the cryptocurrency in their wallet before being able to post an advertisement
It is important to note that when a seller wants to place an order on Huobi OTC, they must have the currency available in their wallet first before post an advertisement seeking a buyer. This is done quite easily on Huobi as transfer can be done freely from other Huobi exchanges. The seller can also transfer the currency from their personal private wallet to the exchange and then post the advertisement i.e. have funds ready in their Huobi OTC wallet.
24/7 professional customer support
Huobi has one of the best customer support teams out there. I have personally experience their speed and efficiency and can vouch for it being top notch. The team doesn't just pretend to care, but actually is concerned about customer’s issues and is eager to resolve them.
Huobi OTC also has an amazing telegram community which provides access to main and important announcements of Huobi OTC as well as impeccable customer support. You will get access some of the best services or improvements which include:
Enjoying the fastest customer service support there is. Once you come across any issue or question, you can directly contact our group maintainer or core operation members for help.
Catching the freshest news update along with easiest notifications here.
Learning the most accurate formal announcements here as to keep you away from any fraudulent or false rumors.
Making the most of opportunities for all event incentives at the best possibility.
Final Thoughts
To conclude, I believe it is quite evident that Huobi OTC Vietnam’s focus is on providing the very best free OTC trading solution there is while creating a customer-oriented environment that allows them to expand the service in new directions.
I feel that Huobi OTC can adapt to the conditions of developing and uncertain markets, balancing between confidence and humility, and offer their customers consistently competitive services and liquidity. Again, like I’ve stated earlier 0% trading fees and 0% transfer fees between Huobi exchanges is a HUGE deal and can prove to be a gamechanger in the Vietnamese market. If you feel like signing up click here and try out the platform yourself and let me know what you feel about the experience.
Disclaimer: The material provided herein is general in nature and does not take into account your objectives, financial situation or needs. While every care has been taken in preparing this material, we do not provide any representation or warranty (express or implied) with respect to its completeness or accuracy. For the avoidance of doubt, this article is solely intended to be for general information only and does not in any way constitute as professional advice or financial advice. 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. Trading cryptocurrencies carry a high level of risk that may not be suitable for some. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice.
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