REVIEW Huobi Tutorial for OTC trading: how to buy bitcoin quickly?

in #huobi6 years ago

Huobi Pro is a very well known international e-money trading platform, with top 3 world trading volume. They are also very interested in the needs of customers and always have very smart strategies such as launch HADAX trading platform for new tokens and launch Huobi Pro OTC service ...

Huobi Pro OTC actually appeared in 11/2017, but in May of this year Huobi decided to fully support the Vietnamese people we participate. Moreover, in order to confirm the brand name in Vietnam, Huobi held a festival at GEM Center, Ho Chi Minh City and created promotional events for customers using Huobi Pro OTC.

So how is Huobi Pro OTC, how policy, all the information you need to know will be provided by PayVNN in today's article.

Huobi Pro OTC is a service within the Huobi Pro trading platform. OTC stands for Over-The-Counter, at Huobi Pro. This service allows you to flexibly buy / sell digital assets quickly and in legal currency.

Huobi Pro OTC only provides transactional trading information. The complete payment process takes place outside the platform, owned by you and your partner. At present, Huobi Pro OTC supports trading BTC, ETH and USDT by the following legal units: VND, CNY, USD, INR, SGD, CAD, AUD, KRW, CHF, TWD, RUB, GBP, HKD, EUR, NGN.

It is worth noting that Huobi is very interested in the Vietnamese market, besides supporting the Vietnamese Dong for OTC services, they also translate the interface into Vietnamese to make it easier for Vietnamese users. .

Payment methods Huobi Pro OTC support is also quite rich:

Bank Account Bank transfer: Huobi supports Vietcombank in Vietnam, this is probably the most popular form of payment in Vietnam.
There are also: AliPay, Wechat, Paypal, Western Union, PayNow, International SWIFT, QIWI, Interac e-transfer
As such, we can see that Huobi Pro OTC is the same way as the Remitano floor, which is familiar with the Vietnamese trader.

How to use Huobi Pro OTC
In this section we will guide you to register your account. Then we will be familiar with the interface and how the Huobi Pro OTC. Once understood, buying and selling will be much easier.

Huobi Pro OTC is a service within the Huobi Pro trading platform. Therefore, only you have Huobi Pro account that you can login and use OTC service always. If you do not have an account, here are the registration steps.

Step 1: First, please visit Huobi registration link with our introductory code.

Some pre-registration notes:

Citizenship can not be modified after registration.
Verification can be in the spam box, check your spam box.
The email address or phone number you provide will become your Huobi ID and will be used for all future communications.
To ensure the security of your account, do not put the same password that you used before.
Step 2: Huobi Pro offers you two options: register by phone number or register by email. Select one of the two forms, then provide the information such as: nationality, phone / email, password. Check in the box I agree to the Term of Use. Press the Sign Up button.

Step 3: After you click Sign Up, you will be asked to do some confirmation. Complete this step and you will receive a verification code from email / phone. Enter this code and click Complete sign-up.

After you click Sign Up, Huobi will ask you to do some confirmation before stepping through sms verification.

Step 4: Re-login. Proceed with identity verification. You only need to provide the name, last name, the number of cmnd, the front face ID. Then wait about 1 hour for the system to process the verification, there will be a success message (or failure) to your device. While waiting, you can set up accounts like: turn on security 2 layers, create nickname in the OTC ...

If successful verification is possible you can conduct trade OTC.

In contrast, you must find out the cause of failure. It may be because their name is not full or the cmnd number is not the same as in the ID card, correct the information properly and verify again.

Familiar with Huobi Pro OTC
Below PayVNN takes screenshots of Huobi Pro OTC. The left side of the Huobi logo is the big cards that include: Trade center, Block trade, Post ads, Exchange transactions, Client downloads.

Transaction interface of Huobi Pro OTC

Trade Center: This is the main OTC interface, where you can search for classified deals. The information displayed will include: buyer alias, purchase / sale amount, limit (minimum purchase amount and maximum purchase amount), unit price offered by the buyer and seller and payment methods.
To be able to participate in a transaction you need to verify your identity, review the registration instructions above for more information.

Block trade: OTC transactions like trade centers, but in large numbers, have similar interfaces Trade center. To trade in Block trade, you need to verify high level identity. Advanced identity verification steps see here.

Post ads: This posting feature is reserved for merchants. Messages posted successfully thanks to this feature will be displayed more priority than usual in trade center and block trade. Merchant also has more benefits than regular members. Register to become merchant here.

Currency Exchange (Exchange): Access back to the Huobi Pro crypto platform.

Client Download: Provides Huobi download links. Here you will find Huobi Pro, Huobi OTC applications compatible with Windows, Mac, iOS and Android.

Buy BTC / ETH / USDT with Huobi Pro OTC
When you need to buy BTC / ETH / USDT quickly in VND, you go to Trade center> select Buy> choose electronic currency to buy> browse through the post. You can use the search box to filter out unsuitable postings. When you choose the message that suits your requirements, click on the blue button on the right to post.


Trade Guide on Huobi Pro OTC
At this point the interface will appear frame to enter the value you want to buy, the system will be converted into the corresponding property. Note: the purchase value must be within the limit (as shown below the minimum limit of 5 million, maximum of 100 million). Click Order Now to order.

After you create the application, the system will prompt you to transfer within a certain time (in the example 10 minutes). When the transfer is complete, click the I've paid button. The system will ask you again, click Confirm / Confirm, to confirm that you have transferred the bank account of the seller. If you do not make a transfer, do not click Confirm, which is a violation of Huobi's trading rules. Then wait for the seller to release the property. To speed up the process, you can contact the seller or Huobi OTC Customer Care.

In order to avoid being scammed, sellers may ask you to verify their identity, for example they will tell you to take a picture of your ID card.

When the seller gives you the property, the transaction will be closed. You can transfer this property straight through the Huobi Pro floor and trade in exchange for other types of altcoins.

If 5 minutes have elapsed since you clicked the payment confirmation button, you still have not received the property, press the Call icon button to call the seller.

If after 10 minutes of clicking the confirmation button paid you still have not received the property, you can click the Appeal / Appeal and the customer care staff of the platform will interfere with the transaction process in the chat box.

There are 2 ways to sell BTC / ETH / USDT on Huobi Pro OTC:

Option 1: Passive sale through trade center posts
Browse in the Sales in Trade Center, select the type of property you want to sell, filter the message accordingly. Once you have found the appropriate post, click the blue Sale button on the right of the post. Note: You need to have an amount of assets in the OTC account to be able to sell the property. You can transfer the Huobi Pro property through the OTC.

When you press the sell button, the interface will display the sales input frame (similar to the purchase). When done, click confirm. The system will ask you for the source code (which is set up with your nickname when you create your account). Enter the password and press confirm again.

Once completed, you wait for the buyer to pay. Once the transfer order status has been paid, check your bank account carefully. Then click Confirm Release to release the property to the buyer.

Method 2: Actively post the sale and wait for the buyer
You need to have a minimum asset amount of over 0.1 BTC on your OTC account to be able to post for sale on Huobi pro OTC.

Hit Post an Ad in the upper right corner. Create a message, enter the password and click submit submit.

If the buyer makes an order, wait for payment. In the process, you can chat with the buyer through the chat box. When the buyer has paid. Check your bank account for money. Get then click release property to the buyer.

Fees You Need to Know
Registering, buying / selling digital currency is free

Advertisers are required to pay a 0.5% fee for each transaction they complete.

The foundation of Huobi Pro OTC does not charge a fee, but they have to pay the network themselves. As follows:

USDT: Minimum withdrawal amount is 200 USDT with fee of 20 USDT per withdrawal.
BTC: the minimum withdrawal amount is 0.01 BTC free but must pay network fee.
ETH: minimum withdrawal amount is 0.015 ETH with a fee of 0,01 ETH per withdrawal.
HT: The minimum withdrawal amount is 1 HT with a charge of 0.5 HT for each round.

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