How to Buy on OTC

Take the BTC as an example to describe how to buy cryptocurrencies with USD.

 

Step 1.  Preparations

Before starting the OTC trading, please complete the KYC verification and bind the payment method as required, you can find this item in the Settings page from the navigation bar.

In order to protect both parties from financial risks, we require buyers and sellers to use real-name and bound payment method.

Step 2.  Open the OTC Trading Floor

1. In the navigation bar of the website, find the "OTC" button and click to enter the OTC trading floor;

2. At the top of the page, you can filter the trading type, cryptocurrency type, and fiat type;

3. By filtering the target amount,  location, or payment method, the system will list ads that meet your requirements automatically;

For example:

I want to buy 0.5 Bitcoin and get paid via PayPal in the US, then I need to select the "Buy - BTC" tabs, and set the filters to :

1.Target amount: 0.5 BTC;

2.Fiat Currency type: USD;

3.Location: United States;

4.Payment: PayPal;

Step 3. Select an ad and create an order

1. Each advertisement displays the price, amount, purchase limit, supported payment methods. So that you can find the most reputable Seller and the best price.

2. Select an advertisement and click "Buy BTC". You can see the remarks left by the Seller. Please observe the Seller's remarks carefully.

3. In the details of the ad expansion dialog, enter the amount of fiat currency or cryptocurrency purchased and confirm the price, and then click "Sell BTC" to create an order to the Seller.

In this example:

I need to enter "0.5" BTC in the "You Receive" box and click "Buy BTC" to create a new order.

Step 4.  Pay to the Seller

1. After placing an order, you will enter the order details page. The page shows the amount of fiat currency you need to pay to the Seller and the payment method of the Seller.

2. In the chatbox of the page, you can discuss the specific details of the order or handle some special situations with the Seller.

3. Please pay to the Seller in time. In addition, you can only use the real-name payment method you have bound, otherwise, the Seller has the right to reject your payment.

4. After the payment, you need to click "I Have Paid" to inform the Seller. Every order has a countdown to the validity period. If you have not marked the order as "I Have Paid" at the end of the countdown, the order will be canceled by the system.

In this example:

I need to pay "5000 USD" to the Seller's PayPal account via PayPal.

 

 

CAUTION!

1.If you have not actually completed the payment, please do not click "I Have Paid".

2.You can cancel this order at any time before you confirm the payment.

3.If you have already paid to the seller, do not click "Cancel" unless your has received a refund from the seller.

4.Repeated cancellation of orders or malicious clicking on "I have paid" may result in trading restriction by the platform.

Step 5. After waiting for the seller to release the cryptocurrency, the order will be completed.

1. After you complete the payment and click "I Have Paid", the Seller will take some time to confirm receipt of the payment, please be patient.

      2. Once the seller has released the cryptocurrency, the order is completed. You will immediately receive the Bitcoin you purchased. Please go to the wallet to check the Bitcoin asset you just buy.

In this example:

When the Seller confirms receipt of my payment, I will immediately receive 0.5 BTC.

       3. If it takes too long for the Seller to confirm receipt of the payment, please contact the Seller in the chatbox. Or click "Appeal" after the countdown, and the platform customer service will access the chatbox to process the order.