Questions? Shoot a mail to: firstname.lastname@example.org
|Compatible with||Any Exchange script|
|Layout||Fixed, Fluid, Responsive|
|Compitability||All Major Browsers|
- Security Tokens Trading
- Balance sheet generation
- Tax module integration
Version 1.1 (Current Version)
- Now supports BTC, BCH, ETH, LTC, ZEC
- Order Queue V 2.0
Order Queue v1
Support for BTC
Fiat deposit wallet
What is an OTC cryptocurrency Exchange script?
An Over The Counter (OTC) cryptocurrency exchange script is a centralized exchange, where the user can only trade with the administrator of the exchange and will have to pay the price that the exchange's administrator determines. The OTC exchange completely works in contrast to how a Peer to Peer (P2P) exchange operates, where the users determine the price of the cryptocurrencies they want to buy or sell and the order is matched with compatible requests. For Example, Bitexchange.
How does the OTC Exchange script work?
A user would sign up for an account on the OTC exchange, To begin the trade they would have to deposit fiat currency into the administrator's account. This process is manual and offline, Once the account is verified and approved, they can start deposit the money to the bank account mentioned on the deposit page, the user would then have to submit their proof of transaction with the transaction ID, so the administrator can track and validate the transaction. Only then the user can start trading with the amount available in their wallet.
As an administrator, you can set the price for cryptocurrencies in the admin panel for both buying and selling. The user would buy or sell at the rates set buy you. The balance is deducted or increases respectively after a successful transaction. There are different cryptocurrency pairs that are available for trade. The administrator has the option to set all these conveniently in the admin panel.
What is the importance of having an Over The Counter exchange using this OTC exchange Script?
Over the counter exchange gives more control over High volume trade, as an owner of the platform, you can choose to allow only High volume traders on your platform or make it available to anyone who wants to trade from one trusted source. Also, by starting an OTC exchange, you can provide customers with reduced transaction cost based on Volume and since the cryptocurrencies are sold or bought by one entity( the administrator), the trading happens quicker and securely.
What are some of the upcoming features of the OTC exchange script?
We're constantly adding new features and improving the user experience on the OTC exchange script. We're working on asset token trading and a couple of other features and enhancements on the OTC exchange script.