Are you looking to improve your revenue stream in the next stage? I’ve never met you, but I’m starting to read your mind. Not literally, of course. I’m going to be taught about an interesting part of OTC trading.
Users cannot purchase/sell a large number of cryptocurrencies, such as Bitcoin or Ethereum, in a single order on standard cryptocurrency exchanges. Additionally, there will be restrictions and limits on the exchange when dealing with crypto assets. Therefore, the crypto exchange industry established an OTC desk as a brand-new function that is currently becoming more popular in order to address this significant problem. Because of this, a lot of entrepreneurs are interested in creating an OTC cryptocurrency exchange using the top OTC cryptocurrency exchange software.
This article will provide you with all the information you need about OTC crypto exchange script software if you are unfamiliar with it. In addition, we’ll talk about crucial aspects of the growth of OTC cryptocurrency exchanges.
Zodeak – Leading & Trustable Clone Script Provider all over the world, furnishes the best OTC crypto exchange Script to establish your own cryptocurrency exchange platform with OTC Desk. We build clone scripts with many additional features and plug-ins to make you beat your competitors.
Let us begin with…
What is the Over-The-Counter (OTC) Cryptocurrency Exchange Platform?
OTC terms are defined as Over-the-Counter trading also known as off-exchange trade. In these kinds of crypto exchange platforms, two parties can directly buy/sell and trade any assets without any administration. Let’s Consider trading multiple currencies on the foreign exchange market. It may be known to you as the currency market, FX, or forex. Millions of people trade on the forex market every day, making it the world’s largest market by far in terms of the trading volume. The same concept underlies an OTC cryptocurrency exchange, only using, you guessed it, cryptocurrencies.
Five Unique Differences Between OTC Exchange and Standard Centralized Exchanges?
Here we would like to list some of the major differences b/w the OTC crypto exchange platforms and other standard centralized exchange platforms:
|OTC CRYPTO EXCHANGE||CENTRALIZED EXCHANGE|
|It can trade bulk amounts of crypto assets.||It can trade limited amounts of crypto assets.|
|Here, not to mention features and physical location of users.||Here, mention features and physical location of users.|
|Low transparency.||A little bit of high transparency.|
|It can be customized by the admin of the exchange.||It will follow the standard customization.|
|These types of exchange cryptocurrencies will not be listed properly.||Here, all cryptocurrencies are listed the correct way.|
Top-notch OTC Crypto Exchange Platforms in 2022
These days, there are numerous crypto exchange platforms available for the safe and secure purchasing and selling of a variety of crypto assets. However, you should be aware that not all bitcoin exchanges offer OTC trading. Because just a select few cryptocurrency exchanges will offer its worldwide traders this exceptional functionality.
Here we listed by world’s best OTC Crypto Exchange platforms:
- Bitpanda Plus
- DV Chain
- Coinbase Prime
- Genesis Trading
- Kraken’s over-the-counter
When it comes to OTC cryptocurrency exchanges, the aforementioned all-crypto exchanges have a unique user base. With the aid of the top-notch OTC cryptocurrency exchange script, you may also build a prime OTC crypto exchange platform like those mentioned above.
Now, let us dive into this trending article.
What is an OTC Crypto Exchange Script?
The OTC desk is the primary feature of the OTC crypto exchange script, which also includes several add-ons for the crypto exchange. It is a ready-made and bug-free cryptocurrency exchange platform. You may establish, build, and deploy an OTC crypto exchange platform with exceptional features in a matter of days by using this script and software. You may easily change the theme, design, color, and other trade features by utilizing this script. Customizations can be made based on your particular business needs.
Zodeak offers the top-class OTC crypto exchange script with exemplary crypto exchange functions and security mechanisms. Our script supports all spectacular crypto assets like bitcoin, Ethereum, litecoin, ripple, and more which enables your users to trade any coins as per their wish. Our premium OTC crypto exchange script is completely designed, developed, multi-tested, and ready for deployment. So you just need to make the required customizations and launch your own OTC crypto exchange platform successfully with the help of our team experts.
How Does the OTC Crypto Exchange Script Work?
The OTC cryptocurrency exchange script will function in the same way as a user-to-admin exchange, where users can only directly purchase/sell a certain number of crypto assets from the admin. However, without any outside interference, only large-scale crypto orders will be processed here. Let’s now examine the real-time operation of this OTC exchange script program.
The OTC cryptocurrency exchange script will function similarly to a user-to-admin exchange, where only a small number of cryptocurrency assets can be bought or sold directly by users from their admin. Anyhow, only large-scale crypto orders will be completed here without any outside intervention. Now let’s see how this OTC exchange script software operates in real-time.
To begin, the user should sign up with their Gmail id. The verification link will be sent to the registered user’s Gmail, and that user can activate the account at any time by clicking on it.
KYC Verification completion:
The user must then provide some critical documentation for KYC verification. Such as a government-authorized proof ID, proof of income, and other documents. KYC verification is primarily used to validate the user’s identity and determine whether or not the user is a verified user.
Following verification, the administrator will allow the user to trade crypto assets. Users must deposit a fixed amount of fiat money into their account as specified on the OTC desk’s deposit page.
The admin of the exchange has sole decision authority on the OTC crypto trading platform. For example, if a user wishes to buy or sell bitcoin, the platform’s administrator will determine the buy/sell price of bitcoin.
OTC Account Price Verification
If a user wants to buy 5 bitcoins, the platform’s administrator will set the price for a single bitcoin. If the user accepts the bitcoin price as determined by the admin, the user can wait for an email confirmation. The user will find wire instructions for the OTC account, where the funds will be wired, in this email.
Wallet address implement:
Once the administrator of the exchange receives all types of crypto assets, the admin will send the bitcoins to the user’s crypto wallet address and the trade will be completed. That’s it OTC cryptocurrency exchange script works in live and real-time.
Premium Features of OTC Trading Software
We added some additional features in our premium OTC crypto exchange script in addition to the OTC trading option, It permits you to draw in a sizable cryptocurrency user base to your site. The trading capabilities that we incorporate into our OTC exchange script are listed below.
- Liquidity API
- Margin Trading
- Multi-lingual assistance
- Cryptocurrency Wallet integration
- Crypto payment gateway
- White Labelling Services
- Modern UI/UX
- KYC (Know Your Customer) implementation
- AML (Anti Money Laundering) implementation
- Mobile Application for iOS, Android, Windows
- Unlimited cryptocurrency and fiat currency exchange pair
- Market Maker
- Multi-level payment options
Security Features of OTC Exchange Script:
Here is the list of major security features that we provide in our ready-made OTC crypto Exchange script:
- Jail login
- Anti Denial of Service(DoS)
- Cross-Site Request Forgery(CSRF) protection
- Server-Side Request Forgery(SSRF) protection
- HTTP authentication
- Data encryption
- Two-factor authentication
- SQL injection prevention
- Escrow services
- Anti-Distributed Denial of Service (DDoS)
Best Business Benefits of using OTC Crypto Exchange Script:
One can get many advantages by using the best OTC Crypto Exchange Script.
- Your users may safely and securely buy and sell bitcoins in bulk.
- The Trustable OTC Crypto Exchange script can be easily modified to meet your specific business requirements.
- All cryptocurrency transactions will be fully safeguarded by advanced security measures.
- Includes eye-catchy and attractive, Unique UX/UI themes.
- Enhanced data security
- Your users can easily manage all of their cryptocurrency assets.
- Reduces the risk to other parties.
- The best sort of cold wallet storage for user account security.
- The fastest settlement and a smooth user interface.
- The OTC crypto exchange script supplier offers customer and technical support around the clock.
- The best OTC crypto Exchange script has the most recent trading features that let you grow the number of users on your site.
Why Should You Get the OTC Cryptocurrency Exchange Script From Zodeak?
Zodeak is the world’s best cryptocurrency exchange script in the crypto industry. Being a trustworthy crypto exchange provider in the crypto world, we excel in offering all sorts of cryptocurrency exchange development services with cen-present perfection.
We at zodeak provide the customizable and bug-free OTC trading script with advanced features and premium security systems powered by blockchain technology. We have skilled and experienced developers to create & deploy a flawless OTC crypto exchange platform as per your business requirements within a short period. Besides, we have a dedicated team of experts to deliver technical and customer support on a 24/7 basis.
What are you waiting for???
Deal with our experts and get a free demo of our outstanding OTC crypto exchange script now!