Bitcoin Forum

Economy => Currency exchange => Topic started by: saems on July 05, 2021, 07:51:55 AM



Title: 234234234
Post by: saems on July 05, 2021, 07:51:55 AM
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Title: Re: Points to note when trading OTC.
Post by: TheGreatPython on July 05, 2021, 11:03:21 AM
All transactions are made directly with KRW Cash in Seoul, and coin transactions are based on the Binance price.
It is a direct OTC transaction without an intermediary. After meeting in person, the transaction proceeds face-to-face.
The transaction fee is 2%, and when you purchase coins, you can purchase them slightly lower than the Korean market price on average.
Please feel free to contact us at any time to purchase large amounts of coins and to cash out large amounts of coins. Of course small trades are also possible.
Dealing in cash and OTC deals is sometimes risky because the seller may reach you with malicious intent and because you have cash in hand you have no option but to hand him the cash.

I have done a few deals in real life and thankfully all went well but I have read some articles where a guy would open a BTC sell ad on LBC or any platform and then once you reach to him with cash or he comes to you, there would be a crime taking place.

Not sure why people prefer cash dealings when banks exist and if they are worried about taxes, then you can't even complain to the police if a crime takes place.


Title: Re: Points to note when trading OTC.
Post by: Lucius on July 05, 2021, 01:16:55 PM
We think we have enough public trust because we are a company, but they don't think so.
Telegram @livilotc

If you are a public company, then you should have your office, your website, email address, and phone number - and not advertise your service on the forum by offering your Telegram info. After all, such a post would make sense in the local board - and I don't know which clients you are targeting here, considering that you claim that all transactions are performed in Seoul?


Title: Re: Points to note when trading OTC.
Post by: Reid on July 05, 2021, 01:40:33 PM
I don't know if this is really a problem about taking out the "anxiety" of your customers or it is an advertising technique.
Which one?
Dealing with people in physical terms ain't easy plus the problem of volatility.
If we agreed at "n" rate then the price fluctuates will it still be the same as "n"?
What if you are on the losing part of the deal? Will you change the contract that was already made?
That's why we have local exchanges now to deal with those problems. Your business sounds fishy though like a black market, might as well put more details.