Indodax OTC (Over-the-Counter) is a more secure and more personal high liquidity transaction service designed for any member who wishes to make larger transactions. This article will help to answer your questions about OTC.
Q : How about OTC working hours?
A : OTC Transaction is open for business Monday through Friday from 9:00 AM to 16:30 PM WIB.
Q : Are there any requirements to accessing OTC?
A : Yes, potential OTC clients must first have an account with Indodax that has been verified. If you haven't verified, you can do verification on the Indodax Platform or Apps. However, if it is a Beneficial Owner, the client can verify it with the Indodax Business Development team.
Q : Do OTC trades have to pay taxes?
A : OTC transactions are they not subject to tax. The tax will be handle by Indodax OTC.
Q : Can I sell assets or cryptocurrency on OTC?
A : Yes, there are two procedures available in OTC, which is are buying and selling coins.
Q : How long does a transaction take to complete from the time it begins?
A : Generally, OTC transactions will take 15 minutes.
Q : What is the minimum value of buying / selling OTC transactions?
A : In an OTC transaction, the minimum buying or selling amount is 1 billion rupiah (Rp1,000,000,000,-).
Q : What is the maximum buying / selling value in an OTC transaction?
A : In OTC transactions, there is no set maximum price for buying or selling. As long as both sides can agree on the coin.
Q : What coins can be buying or selling through OTC trading?
A : At the moment, Indodax OTC facilitates several coins : USDT, USDC, Bitcoin, Etherium, Ripple, BNB coin, but the possibility that OTC transactions are made outside of these coins.
Q : What are the advantages of trading in OTC?
A : The advantages are easier, faster, more stable prices, and there are no limits on sending coins / fiat.
Q : How long does OTC registration take?
A : The estimated time required is 3 working days to submit an Individual OTC / Beneficial Owner after the data is complete.
Q : What procedure does OTC trading use to buy coins?
A : After the customer accepts the price, the customer can transfer money to the Indodax account provided. Once the money is received, the customer must wait for the coins to be sent to the wallet address that was given to the OTC team.
Q : What procedure does OTC trading use to sell coins?
A : The client can send coins to the OTC team wallet once they accept the price being given. After entering the Coin, the Client is just waiting for the funds or fiat to be sent to the account address that has been given to the OTC team.