An over-the-counter (OTC) market and an exchange market are the two basic ways of organizing financial markets. In an OTC market, dealers act as market-makers by quoting prices at which they will buy and sell a security, currency, or other financial products. A trade can be executed between two participants in an OTC market without others being aware of the price at which the transaction was completed. In general, OTC markets are typically less transparent than exchanges and are also subject to fewer regulations. While there are many different platforms out there, Huobi OTC is one of the most reliable OTC platforms out there. Furthermore, Huobi OTC helps users convert their fiat currencies into digital asset when: (1) Users are unable to buy/sell digital tokens with fiat money on an exchange; or (2) Users want to buy/sell large orders of digital tokens. If you have not done so already, make sure to register for your personal Huobi Global account (http://[Suspicious link removed]/2HK1PPs) and participate in the global community today!
*Recent Market Price Action:*
The current price pattern in the bitcoin market is eerily similar to the one observed in the run-up to a major rally that occurred on April 12. To start with, bitcoin charted a long-tailed candle on Aug. 14, similar to the one seen on April 1, signaling the sell-off from the July 24 high of $8,507 has likely run its course. Further, the leading cryptocurrency has spent the last seven days trading in a sideways manner around $6,400. Back in April, the cryptocurrency traded around $6,800 in the first 11 days before rising sharply above $8,000 on April 12. More importantly, during the bitcoin price consolidation of early April, the BTC/USD shorts on Bitfinex jumped more than 44 percent to print a record high of 40,719 and fell sharply on April 12, meaning the big spike in BTC was likely fueled by the unwinding of short positions.
*How I Began Investing in Crypto through OTC and Some Practical Use Cases: *
If you want to see a beginners guide to Trading on Huobi OTC, watch this short video:
https://www.youtube.com/watch?v=r00_WCbzVtY (
https://www.youtube.com/watch?v=r00_WCbzVtY). But here is how to complete the transaction is 7 easy steps!
**Step 1: **Visit Huobi OTC homepage (
http://otc.huobi.com/). If you already have a user account, click “Login” and skip Step 2. If you don’t have a user account, click “Sign Up” first. **Step 2: **On the “Sign Up” page, select “Nationality” and enter your “Phone Number” then click “Click to send” to get an SMS verification code. Fill out the form with SMS verification code, Password, Invitation code (if applicable), click on “I agree to the Terms of User” and then click “Sign Up.” **Step 3:**Click "Log In" in the upper right corner and enter your account info and password. Drag the slider to the right, then click "Log In**." Step 4:**Select the digital asset you want to trade (taking "Buy BTC" as an example), choose the price and the payment method as your wish, and click "Buy BTC." **Step 5: **Enter the total/amount you wish and click "Confirm." **Step 6:**On the order page, confirm the amount (total) and payment method of the order. Transfer your payment to the seller within the limit time. After the transfer, *make sure you click on "I've Paid."***Step 7:**In the "Confirm Payment" pop-up window, click "Confirm."
To learn more, click here:
https://huobiglobal.zendesk.com/hc/en-us/articles/360000044442-How-to-Buy-Digital-Assets-like-Bitcoin-Quickly-on-Huobi-OTC-Website- (
https://huobiglobal.zendesk.com/hc/en-us/articles/360000044442-How-to-Buy-Digital-Assets-like-Bitcoin-Quickly-on-Huobi-OTC-Website-).
Any Huobi user can be post buy or sell advertisements over the Huobi OTC platform. So make sure to register for your personal Huobi Global account (http://[Suspicious link removed]/2HK1PPs) and participate in the global community today!https://huobiglobal.zendesk.com/hc/en-us/articles/360000134642-Advertisement-Posting-on-Huobi-OTC-by-Ordinary-User-Non-China-Users-Only- (
https://huobiglobal.zendesk.com/hc/en-us/articles/360000134642-Advertisement-Posting-on-Huobi-OTC-by-Ordinary-User-Non-China-Users-Only-)
*The difference between Huobi Global and Huobi OTC:*
Huobi OTC (火币OTC | 火币全球站法币交易区 (
http://otc.huobi.com)) offers an exchange bridge between fiats and digital assets while Huobi Global (The Financial Hub of Digital Assets (
http://www.huobi.com)) is a digital assets trading exchange that supports exchanges or investment services between various cryptocurrencies. Huobi OTC (火币OTC | 火币全球站法币交易区 (
http://otc.huobi.com)), serves an affiliated website of Huobi Global (The Financial Hub of Digital Assets (
http://www.huobi.com)), which is a platform devoted to over-the-counter trades of digital assets. You can buy/sell your digital assets by posting a buy/sell advertisement on Huobi OTC and then complete transactions with the other party so as to exchange your digital assets with fiats. Huobi OTC offers an aggregated display of buying or selling info and the actual payment is transferred and completed offline.
You can also find Huobi online at:
Huobi Global Website:
https://www.huobi.com (
https://www.huobi.com/)
Huobi Global Telegram Group:
https://t.me/huobiglobalofficial (
https://t.me/huobiglobalofficial)
Blog:
https://blog.huobi.com/ (
https://blog.huobi.com/)
Facebook:
https://www.facebook.com/huobiglobalofficial (
https://www.facebook.com/huobiglobalofficial)
Instagram:
https://www.instagram.com/huobiglobalofficial (
https://www.instagram.com/huobiglobalofficial)
Medium:
https://medium.com/@huobiglobal (
https://medium.com/@huobiglobal)
Twitter:
https://twitter.com/HuobiGlobal (
https://twitter.com/HuobiGlobal)
Youtube:
https://www.youtube.com/HuobiGlobal (
https://www.youtube.com/HuobiGlobal)
** Note: *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 carries 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.
