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.
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