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Phemex Responds To Market Demand With OTC Services Debut

Phemex Responds To Market Demand With OTC Services Debut

Himadri Saha
by Himadri Saha
4 years ago
·
Posted in Industry
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Leading global cryptocurrency exchange known for processing ultra-fast trades, Phemex has introduced OTC services on its platform for the very first time. The new feature, geared towards convenience, was added after collecting extensive user feedback.

Here’s more about Phemex’s new service and how to take advantage of this useful tool.


Phemex Partners With Legend Trading To Provide Seamless OTC Services

To kick start an already exciting Q2, Phemex has partnered with the fully licensed Money Service Business Legend Trading to offer OTC services to users of the platform for the first time.

The feature was among the more highly demanded customer requests as interest in access to cryptocurrencies grows. The partnership with Legend Trading lets Phemex users safely sell or purchase crypto via wire transfer, in addition to the several payment gateway options the platform already offers – such as credit, debit cards, and much more.

What Is OTC Trading On Phemex And Why Does It Matter?

Anyone who has been around the crypto world for some time has heard about OTC deals. Typically, these involve larger sums that require wire transfers due to limits imposed by debit or credit card providers.

Phemex users seeking to utilize OTC services must complete a KYC process with Legend Trading before activation. By relying on Legend Trading as a Money Services Business, users at Phemex can use OTC services to seamlessly transfer funds to buy crypto safely, right through the platform itself.

How To Get Started With OTC Trading On Phemex

To activate OTC services first, you must log in to the Phemex website and hover over the Buy Crypto section of the homepage header. Then click OTC Trading from the drop-down menu that expands upon mouse-over.

On the OTC Trading page, click the slider button next to OTC Account Status on the page’s left side. Review any terms and conditions, and select continue. In the next area, choose “Individual” and complete any required personal information. Save, continue, and begin. It’s that simple. Visit this complete Phemex step-by-step guide.

Also, be sure that your country of residence is among the approved list of counties. Further trading services at Phemex are also subject to certain regional restrictions.

OTC Trading at Phemex through Legend Trading lets larger-scale buyers and sellers do business on the fastest platform around, bolstering the growing lineup of products and services Phemex offers globally.

For more information on OTC services on Phemex, visit the official website.


Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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