Tuesday January 19, 2021
Bitcoin (BTC) $37,143.00   Ether (ETH) $1,413.46
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Crypto Exchanges

EU crypto exchange Tokenomica launches bitcoin OTC desk

Published by CryptoNinjas.net
02/18/2020

Tokenomica, a Malta-based bitcoin and cryptocurrency exchange, today has announced the launch of a new OTC trading desk which includes a BTC-to-Euro trading market.

The new OTC desk provides an opportunity to trade larger amounts directly with Tokenomica without having to go through public order books in compliance with crypto regulation in Malta. Accepted transaction volume is between 5 to 50 BTC with a 0.75% fee.

All other crypto-assets available on Tokenomica are also available for OTC trading. Deposits and withdrawals can be completed using SEPA and SWIFT payment systems and go directly to and from the customer’s bank account. Additionally, Tokenomica includes a deal confirmation for each trade which can serve for tax, compliance, or other regulatory requirements.

How it Works

The whole process of completing the trade consists of 5 steps. See below an example of trade using the BTC-Euro market.

Step 1. Apply for the Trade

During the first step, the client will be asked to identify the desired trading pair and amount to be traded with us. After that, Tokenomica’s representative will contact a client back in order to confirm the possibility of the deal.

Step 2. Sign a contract

After the completion of the first step, a client will be asked to sign a contract with Tokenomica indicating key details of the trade. The whole process might take up to 1 business day.

Step 3. Chain analysis of your wallet

After the contract is signed, the Tokenomica team will perform the chain analysis of the customer’s wallet. The process will take about 15 minutes.

Step 4. Negotiate the trade using Telegram chat

As the fourth step, Tokenomica’s representative will create a Telegram chat in order to negotiate the last details of the deal. As soon as the final terms are negotiated, Tokenomica will start the completion of the trade.

Step 5. Settlement

The last step depends on the chosen asset pair. As we have stated before, we will showcase the process for the BTC – Euro pair as an example. The settlement consists of two steps:

Transaction of BTC to Tokenomica’s wallet address.

The settlement time is based on the transaction speed in the Bitcoin blockchain.

Transaction of the Euro to the client’s bank account.

  • The settlement time will depend on the chosen payment system.
  • T+1 for payments using the SEPA system, T+2 for payments using the SWIFT system.
5
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Via: tokenomica.com/otc

Related Posts

EU crypto exchange Tokenomica gets strategic investment from Wise Wolves Group

EU crypto exchange Tokenomica gets strategic investment from Wise Wolves Group

03/12/2020
Tokenmoica enables euro based trades

EU crypto exchange Tokenomica adds support for euro-based trades

02/12/2020

Tokenomica’s Waves blockchain asset exchange to use Blockpass for KYC

04/01/2019
Load More

Discussion about this post

Recent Updates

Brave integrates IPFS to enable users to browse the decentralized web

Tellor introduces new localized stable token protocol

Crypto finance provider Amber surpasses $530 million AUM

SETL completes first CBDC fund transaction on live market infrastructure

Human Protocol to launch decentralized labor pools on Solana blockchain

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Purchase 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Billions of dollars in bitcoin becomes available to creditors of Mt.Gox bitcoin exchange

Zilliqa tokenizes rare single-malt scotch whisky casks, now available to accredited investors

Crypto payment and wallet project TenX shuts down

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

Crypto exchange Poloniex launches XRP perpetual futures

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy