OTC Crypto Exchange Script – Launch a Crypto Exchange with OTC Desk

otc exchange script

Cryptocurrencies are always being the hottest topic in the financial ecosystem. Because the impact of crypto assets benefited and generated profits for many people around the world. The growth and popularity of cryptocurrencies is unbelievable in recent years, particularly saying after 2017. Because in 2017, many traders, investors, and other individuals started investing their hard-earned money in various crypto coins like Bitcoin, Ethereum, Litecoin, and more. But you need to know that Bitcoin is the main X -factor to the expansion & popularity of the crypto sector.

As we can see there is increasing usage of crypto coins and tokens in the various sectors, so there is a great demand for crypto exchanges in the marketplace. Crypto exchange is the trading platform where one would buy and sell a wide range of crypto assets in a safe and secure way. When it comes to crypto exchange, there are different types of exchanges available for trading digital currencies. Among them, the OTC crypto trading platform is very popular among traders, investors, and crypto startups.

In the normal crypto exchanges, there is a major issue that users can not buy/sell a bulk amount of cryptocurrencies like Bitcoin or Ethereum in a single order. Besides, the exchange will have certain conditions and limitations while trading crypto assets. So to overcome this major drawback, the crypto exchange sector introduced an OTC desk as a brand-new feature that is gaining more popularity right now. That’s why many startups are showing interest in developing an OTC crypto exchange by using the best OTC exchange software.

If you aren’t aware of OTC trading script software, then this blog will help you with everything you need to know about them. Besides, we would also discuss important factors regarding OTC cryptocurrency exchange development.

Let us begin with…

What is an OTC Crypto Trading Platform?

OTC stands for Over-the-Counter trading which is also called off-exchange trade. In this platform, two parties can directly trade any assets without any supervision. Here, the term ‘counter’ represents the assets that are exchanged with the dealer or admin of the exchange platform. In general, the OTC trading option is used to exchange financial elements like stocks, commodities, and digital bonds. Here both the buyer and seller can negotiate prices for a single order and can easily perform bulk trades instantly in a secure way.

When it comes to crypto OTC trading, it is recognized as the feature in the centralized exchange where users can perform a bulk amount of crypto assets in a single trade. In a traditional crypto exchange, one can not buy or sell a huge amount of cryptocurrencies in a single order. It is due to the certain limit and set of rules that will be predefined in the exchange platform. But in over-the-counter cryptocurrency trading, there will be no limitations, and users can directly connect with the admin of the exchange to perform bulk crypto trades. Apart from this, only the admin of the platform can decide the price of crypto and trading must be done only in bulk orders.

In the OTC crypto trading platform, the users should agree on the risk of losing and start to proceed with their trading. The OTC market is huge and it can match the pro traders through an approved broker which helps the users to make bulk trades securely. Already many prominent exchange platforms are supporting OTC trading which helps to increase their overall revenue easily.

What is the Difference Between OTC Exchange and Other Centralized Exchanges?

Here we list some of the major differences between the OTC trading platforms and other exchange platforms.

  1. The trading can be done only with a limited amount of crypto assets in the other types of crypto exchanges. But in the over-the-counter crypto exchange, the user can trade a bulk amount of crypto assets in a hassle-free manner.
  2. It acts as a feature in the exchange and physical location will not be mentioned in OTC.
  3. In the OTC trading platform, the transparency will be low when compared to other exchanges.
  4. Contracts can be customized by the admin of the exchange or dealer. But in other types of crypto exchanges, they will follow standard customization.
  5. In the OTC trading platform, the crypto coins will not be properly listed. But in the other crypto exchanges, cryptos will be listed in the correct way.

Best OTC Crypto Trading Platforms in 2021

As of now, there are several crypto exchange platforms available for buying and selling various crypto assets in a secure way. But you must note that every bitcoin exchange doesn’t have an OTC trading feature. Because only some crypto exchanges will have this extraordinary feature for their global traders. Here is the list of the finest OTC crypto exchanges that are prominent in the global crypto market.

  1. Genesis Trading
  2. Coinbase Prime
  3. HiveE
  4. Binance
  5. Wazirx
  6. Kraken’s over-the-counter
  7. ItBit
  8. Kaiserex
  9. DV Chain
  10. HitBTC
  11. Bitpanda Plus

The above-mentioned crypto exchanges grabbed a separate user base when it comes to OTC crypto trading. You can also create a superfine OTC crypto trading platform like these exchanges with the help of the premium OTC cryptocurrency exchange script.

Now, let us dive into…

What is an OTC Trading Script?

OTC trading script is a ready-made cryptocurrency exchange software that has the OTC desk as the basic feature and also includes other plug-ins of the crypto exchange. By using this script software, you can create and deploy a fully functional OTC cryptocurrency exchange platform with excellent features within a few days. By using this script, you can customize the theme, design, color, and other trading functions without any hassle. Customizations can be done as per your unique business requirements.

Coinsclone offers the best-in-class OTC crypto exchange script with exemplary trading functions and security mechanisms. Our script supports all prominent crypto assets like bitcoin, ethereum, litecoin, ripple, and more which enables your users to trade any coins as per their wish. Our premium OTC exchange script is completely designed, developed, multi-tested, and ready for deployment. So just you 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 Trading Script Work?

The working process of the OTC crypto exchange script will be the same as the user to admin exchange. where the users can directly buy/sell only a limited amount of crypto assets from the admin. But here only bulk crypto orders will be taken place without the control of any third party. Now let us see how this OTC exchange script software works in real-time.

  1. First, the user needs to signup by using his/her Gmail id. The verification link will be sent to the registered user’s Gmail and by clicking that link, that user can activate the account.
  2. Then the user needs to provide some important documentation for KYC verification. Such as government-issued ID, Income proof, and other required documents.
  3. KYC verification is mainly done to check the user’s identity and to check whether he/she is a verified user or not.
  4. After the verification, the admin will allow the user to trade the crypto assets. Users need to deposit the fixed amount of fiat money into their account as mentioned on the deposit page on the OTC desk.
  5. In the OTC crypto trading platform, the admin of the exchange only has the decision authority. For example, if the user wanna buy/sell the bitcoin, then the admin of the platform will determine the buy/sell price of the bitcoin.
  6. If the user wants to buy 5 bitcoins, then the admin of the platform will set the price for a single bitcoin. If the user accepts the bitcoin price which is determined by the admin, then the user can wait for a confirmation in his/her email. In this email, the user will find wire instructions for the OTC account, where the user will wire the funds.
  7. Once the administrator of the exchange receives the wire, the admin will send the bitcoins to the user’s crypto wallet address and the trade will be completed.

This is how the OTC cryptocurrency exchange script works in real-time.

Salient Features of OTC Trading Software

Apart from the OTC trading option, we also integrate some additional features in our premium OTC crypto exchange script which enables you to attract a massive crypto user base to your platform. Here is the list of the trading features that we integrate into our OTC exchange script.

  1. Advanced UI/UX
  2. KYC (Know Your Customer) integration
  3. AML (Anti Money Laundering) integration
  4. Crypto payment gateway
  5. Mobile Application for iOS, Android
  6. Unlimited crypto and fiat exchange pair
  7. Market Making
  8. Multiple payment methods
  9. Liquidity API
  10. Margin Trading
  11. Multi-lingual assistance
  12. Cryptocurrency Wallet integration
  13. IEO Integrated Module
  14. White Labelling Services

Security Features of OTC Exchange Script

Here is the list of security features that we provide in our bug-free OTC crypto trading script.

  1. HTTPs authentication
  2. Jail login
  3. Data encryption
  4. Two-factor authentication
  5. SQL injection prevention
  6. Anti Denial of Service(DoS)
  7. Cross-Site Request Forgery(CSRF) protection
  8. Server-Side Request Forgery(SSRF) protection
  9. Escrow services
  10. Anti Distributed Denial of Service

Business Benefits of using OTC Exchange Script

One can get many advantages by using the best over-the-counter trading script. Such as

  1. Your users can make bulk crypto trades securely.
  2. The premium OTC crypto exchange script is highly customizable as per your business needs
  3. Crypto transactions will be protected with high-end security systems.
  4. Comes with Eye-catchy custom UX/UI Themes.
  5. High-level Data security
  6. Your users can manage their crypto assets without any hassle.
  7. Our script completely avoids cyberbullying and other malware activities.
  8. Reduces the counterparty risk
  9. Comes with a cold wallet storage type for your user’s account protection.
  10. Smooth user interface with the fastest settlement
  11. You can get 24/7 technical and customer support from the OTC crypto exchange script provider.
  12. The best OTC trading script comes with the latest trading functions which enable you to increase the user count in your platform.

Why Should You Get the OTC Cryptocurrency Exchange Script From Coinsclone?

Coinsclone is the renowned white label cryptocurrency exchange script provider in the crypto sector. Being a leading provider in the crypto space, we excel in offering all sorts of cryptocurrency exchange development services with utmost perfection. We at Coinsclone provide the customizable and bug-free OTC trading script with advanced features and tightened security systems powered by blockchain technology. We have a handful of skilled and experienced developers to create & deploy a flawless OTC crypto trading platform as per the clientele business requirements within a cut-off time. Besides, we have a dedicated team of experts to deliver customer support on a 24/7 basis.

What are you waiting for???

Talk to our team experts and get a free demo of our outstanding OTC trading script now!