Over-The-Counter (OTC)
OTC trading allows a customer to initiate an order for or accept an order by another customer. Our exchange deploys the OTC smart contract to facilitate this process automatically and transparently.
Initiate an OTC order
Login to your account.
From the top navigation bar, click on "OTC".
From the market list above the price chart, select the trading pair.
In the Buy or Sell order entry screen, enter the Price or Quantity.
Double-check or edit the "Time-in-force" to amend the expiry date/time of the OTC order.
Submit your order by clicking "Buy" or "Sell" depending on the direction of your order.
Follow the on-screen prompts to confirm the transaction in your ERC-20 compatible wallet.
Note:
An Ethereum transaction fee (gas fee) will be charged to execute the OTC smart contract on the Ethereum network. Before proceeding, make sure you have sufficient ETH in your digital wallet.
Accepting OTC orders
Login to your account.
From the top navigation bar, click on "OTC".
Select the OTC order you wish to accept from the Buy or Sell order queue.
When the Trade confirmation pop-up box appears, click "Confirm".
Follow the on-screen prompts to confirm the transaction in your ERC-20 compatible wallet.
Note:
An Ethereum transaction fee (gas fee) will be charged to execute the OTC smart contract on the Ethereum network. Before proceeding, make sure you have sufficient ETH in your digital wallet.
Cancelling OTC orders
Login to your account
From the top navigation bar, click on "OTC".
In the "My pending order" section, click on "Cancel" on the order you would like to cancel.
Follow the on-screen prompts to confirm the transaction in your ERC-20 compatible wallet.
Notes:
An Ethereum transaction fee (gas fee) will be charged to execute the OTC smart contract. Before proceeding, make sure you have sufficient ETH in your digital wallet.
The cancellation will fail if the smart contract has executed an investor's acceptance of this OTC order before your cancellation is recorded on the blockchain.
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