How To Use Dobitrade’s OTC Service
Dobitrade is one of the fastest-growing cryptocurrency trading platforms in the world. Looking to make the experience an enjoyable and convenient one for both new and existing dobitraders, here’s a step-by-step guide to use the Over-the-Counter (OTC) facility on Dobitrade’s cryptocurrency exchange platform to buy and sell cryptocurrencies from fellow users:
Head over to www.dobiexchange.com
Click on ‘Register’. If you require help registering, please read our previous medium entry entitled ‘How to Trade on Dobitrade’
Once you’re logged in, proceed to click on ‘OTC’ on the top left-hand section of the page. A new tab with the link https://otc.dobiexchange.com/ will appear. Please ensure that this link is accurate.
If you wish to buy from existing ‘Sell’ orders, click on ‘Buy’ and select from the pull-down tab the coin or token that you wish to purchase.
Choosing from the entries, determine the suitable purchase price which you wish to buy said token. The counter party’s tokens are safely help in escrow by Dobitrade and will be sent to your wallet after payment has been received.
Indicate the number of tokens you wish to buy by keying in the amount. The seller will indicate the minimum and maximum number of tokens that he/she is willing to transact.
The corresponding amount of payment in that you will need pay the buyer will be indicated.
Click ‘Confirm to Buy’.
After ensuring that all details are accurate, copy the seller’s payment information and proceed to remit payment to the seller.
A count-down timer will indicate the stipulated time left to render payment. During the process, the seller’s digital assets are protected by Dobitrade.
After payment has been made, click ‘I have paid’.
After the seller has confirmed receipt of payment, the digital assets will be transferred to your account wallet.
If payment is not made, please proceed to cancel the transaction to avoid having your Dobitrade account suspended indefinitely.
You may also publish a Buy Order after undertaken the KYC process.
To sell through the OTC platform, however, you will need to undertake the KYC process.
If you wish to sell from existing ‘Buy’ orders, click on ‘Sell’ and select from the pull-down tab the coin or token that you wish to purchase.
Choosing from the entries, determine the suitable price which you wish to sell said token.
Indicate the number of tokens you wish to sell by keying in the amount. The buyer will indicate the minimum and maximum number of tokens that he/she is willing to transact.
The corresponding amount of payment in that you will receive will be indicated.
Click ‘Confirm to Sell’.
After ensuring that all details are accurate, the buyer will remit payment to you. You will need to send the tokens to Dobitrade.
A count-down timer will indicate the stipulated time left to confirm payment has been received. During the process, your digital assets are protected by Dobitrade.
After the payment has been received, the digital assets will be transferred to the buyer’s account wallet.
You may also publish a Sell Order after undertaken the KYC process.
An ‘Appeal’ process is applicable for both buyers and sellers after 30 minutes. It will be investigated by Dobitrade and resolved as soon as possible.
We hope that all Dobitraders will enjoy this peer-to-peer buying and selling of cryptocurrencies.
*Investing and trading in cryptocurrencies involves high risk and is not suited for all investors. It is possible to sustain high losses when the market moves against you. As such, you are responsible for both your trading strategy, exposure to loss and for the security of your own funds. We will likewise not be liable for funds sent to erroneous addresses or phishing sites.
Dobitrade Social Media :
1-Official Website :https://www.dobiexchange.com/en/
5-Telegram Channel :https://t.me/dobitradechat
7-Youtube channel : https://www.youtube.com/channel/UC7wVwxeerGK0zd9x7GIcwdQ