For those not familiar with what over-the-counter (OTC) is, consider it as a market, just like any other market, but what makes this different is; it doesn't have a central physical presence, and it has a decentralized nature. (https://en.wikipedia.org/wiki/Over-the-counter_(finance)) The OTC market participants transact with each other through various means. The history of OTC has witnessed the use of telephone, emails, websites and now blockchain ecosystems.
Blockchain has grown from being used as a peer-to-peer transaction platform to virtually almost everything. The use case of blockchain is numerous, and it has created a solution to every industry in which it is being used. Blockchain can also bring solutions to the limitations of the OTC market, it is already being experimented and there are already OTC platforms built on the blockchain.
While there are many OTC platforms out there, Houbi OTC stands out as the most efficient over-the-counter market you can find around. (https://otc.huobi.pro/) You may be wondering, why Houbi? What makes it different? Is it as efficient as presumed? The answer to every question you may have is “yes Houbi OTC is the best out there.” But for the sake of analysis, I'll give you a breakdown on why Houbi OTC is the best. First put into consideration that Houbi Global is the parent company of Houbi OTC, Houbi Global is, without doubt, a successful enterprise, so expect nothing less than excellent from Houbi OTC.
Here are some reasons why I chose Houbi OTC:
Houbi OTC is Global
This means that no matter where you might be in the world you can trade on the platform, you can exchange your local currency for cryptocurrency even if your currency is not mainstream.
Easy to Transact
Buying and selling of cryptocurrency on Houbi OTC is very easy, either you are a buyer or a seller, all that is required is for you to post an advert, with details on your exchange rates and payment method. When contacted by the potential client, you arrange a meeting. If you are not comfortable with meeting your client physically, you can transact with Alipay, Wechat, Skype and online banking.
It is decentralized
With Huobi there will be no form of intermediary, transactions will be carried out directly between the buyer and seller, this will make transactions more transparent and faster, as payments are instant.
The advantages of using Houbi OTC are countless; it supports all payment methods, it makes provision for the use of escrow service, it supports numerous cryptocurrencies and is still open to accepting more.
If you are still feeling skeptical about the Houbi OTC market, and wondering why it should be placed above other existing OTC market, markets like Remitano (http://www.reitano-rubinetteria.com/en/), LocalBitcoins (https://localbitcoins.com/), OKEx (https://www.okex.com/), C2C (https://www.c2c-online.co.uk/). Let us use LocalBitcon for analysis; it has its limitations these limitations are what Houbi OTC is built on in other to create a near-perfect platform.
Complexity:
Trading with other OTC platform like LocalBitcoin is very complicated, especially when you want to make large transactions, you pass through stress and frustration, with Houbi OTC, trading would be made easier, and faster.
Security for OTP transactions are
Limited
Houbi Global is known for its top-notch security, with LocalBitcoin security is limited, there have already been complaints about the inadequate security when transacting on the LocalBitcoin, but Houbi OTC has built on this, and have improved the security.
Houbi OTC offers the fastest transaction speed when compared to other OTC market ecosystem, and its use of a well organized structural escrow makes it stands out.
Finally, you should consider the most appropriate entry-level coin before making transactions, factors to consider when choosing an entry-level coin varies depending on situations, but overall I will suggest Bitcoin and Tether. To transact you need usability and stability. Bitcoin will give you usability while Tether is considered the most stable cryptocurrency.
Disclaimer:
This information is not an investment advise; rather it is testimony from personal experience. The information should serve as a suggestion. Hence you are responsible for any transaction you make, so you are advised to do further research before you build an opinion.
