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: