OTCcrypto: why closed? 22 alternatives for otccrypto.co.uk (04.2024)
What was OTCcrypto (now defunct) in a nutshell? It was a trusted, well established, promising exchange service (broker) working with some popular crypto: you could exchange these using the website. Exchange service started the business May 2018, it served the customers over a year.
This Broker served the clients from 1 country (although United States was never supported). Due to regulatory restrictions, US citizens and residents were not served by this exchange. In the year 2021 OTCcrypto was closed. The reason why the broker had to close the doors was some complications with regulation, etc.
Research: the best alternative to OTCcrypto
Since there is no way you can use the services of otccrypto in 2024, we took the liberty to research the market and suggest a viable, well-known, 100% trusted alternative exchange platform. How we did it? Let's explain! Makes sense to start from figuring out what exactly we are looking for:
OTCcrypto was the Broker; OTC Crypto Brokerage Ltd (dba OTCcrypto) started the business in May 2018. The entity was operating for 5 years and 10 months and gained some popularity on the market. The company was based in the United Kingdom with the headquarters located in London. Official OTCcrypto registration address was 71-75 Shelton Street, Covent Garden, WC2H 9JQ.
OTCcrypto was founded by Inshal Mesiya.
The founder of OTC Crypto developed a keen interest in Bitcoin & Blockchain and realized its potential after graduating with a degree in Accounting & Finance. He was successfully brokering on some P2P Marketplaces and decided to start his own exchange platform.
The last testimonial we had about the OTCcrypto written 02 Feb 2020 by Sticky Fingaz from US: «I purchase BTC here. Faster Payments are fast enough. Convenient, hassle-free service!» There were totally 5 testimonials posted about customers experience at broker, 100% of the testimonials were positive, 0% were neutral and there were 0 negative ones. The overall rating for the broker was "5 stars" | 94 of 100. Website only assisted the users to exchange various electronic currencies, no extra services were provided.
Considering all the abovementioned, we were looking for another broker allowing registrations from United States with a flawless reputation and the best rating and found a perfect match: TransCoin! Let's explain what makes it the best choice for you:
TRANSCOIN is also a Broker; exchange started to provide the services in May 2018. It is a really trusted, surely a respectable, well established, interesting exchange platform (broker) that supports 1 cryptocurrency: you can This is what we value the most about this great exchange service:
- It is a respectable financial company; the firm holds required license(s) and is fully compliant with the regulation
- The business model of an exchange broker doesn't require to store the customers' money, there are no accounts, etc. The crypto (or fiat) payment will be instantly delivered to a wallet (bank or fiat payment system) of your choice
- The exchange runs the business for a long time; project was started 5 years and 11 months ago
- Customers' testimonials are top notch, 100% (5 out of 5) wrote about the positive experience doing business with TransCoin.
According to our research and the community vote, TransCoin is the best Broker worldwide. That's a really outstanding result, considering that we compare 333 exchange platforms! Long story short, this means that transcoin.me truly stands out in terms of reliability, reputation, etc. - you name it... We are sure, you won't regret your choice!
So, let's conclude: the best alternative to OTCcrypto is
TransCoin, a perfectly safe and trusted broker, rated 100/100. Such score is really, really hard to get, only very exchange services managed to get such a high rating! Let's break down how the transcoin.me exchange could get such a scoring.More alternatives to OTCcrypto
Of course, we can suggest some more alternative exchange services you can use instead of the "dead" otccrypto.co.uk. We picked a few similar exchanges that provides more or less the same service: other ones of broker type mostly. Besides, we found platforms having similar rating that are popular in United States particularly and North America in general. If the only question that you want to ask is "what exchange has the best rates to buy and sell BTC and 50 cryptocurrencies?", our price comparison platform always finds the most beneficial exchange rates in United States!
OTCcrypto vs 100monet
Let's compare the most important features and key facts about the 100MONET with what OTCcrypto (RIP) offered us in the past to make a conclusion if 100monet will be the optimal choice for you:
- 100monet is a broker OTCcrypto was a broker, both following the same approach to the business.
- 100monet had launched the service December 2014 OTCcrypto started the project May 2018 (100monet is operating for 3 years and 5 months longer).
- 100monet operates without any registration or no information is available about the legal entity OTCcrypto was an ordinary limited company without any licenses, etc. (OTCcrypto 's approach to the business made it a safer and more stable solution).
- 100monet allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You could register at the OTCcrypto if you were a resident of one of 1 countries; but users from United States were not able to use the service (OTCcrypto had less countries supported).
- When the client needs to pass through the KYC process at 100monet, they usually ask to provide some (it depends on various factors) documents and / or specific procedures The process of Customer Identification at OTCcrypto normally consisted of 2 individual procedures: the ID Verification, Phone Number Confirmation. (OTCcrypto compliance stuff traditionally asked the client to provide more data, pass through more procedures).
- Our visitors shared 6 reviews about 100monet, 83% of those are positive While OTCcrypto was operating, we could get 5 clients testimonials, 100% were positive (OTCcrypto used to have a better reviews from the clients).
We can't make a decision — is 100monet a worthy alternative to OTCcrypto — instead of you, but we'll try to assist with the matter. Since the 100MONET exchange service got a lower rating at our platform: 67 versus 94 that OTCcrypto used to have, it may make sense to also review another possible replacements for a non-working broker, particularly the ranked "best-of-the-best" TransCoin!
Like reading? In fact, there are more exchanges worth comparing to OTCcrypto, for example, those ones:
OTCcrypto vs 1-online
Let's compare the most important features and key facts about the 1-ONLINE with what OTCcrypto (RIP) offered us in the past to make a conclusion if 1-online will be the optimal choice for you:
- 1-online is a broker OTCcrypto was a broker, both following the same approach to the business.
- 1-online had launched the service February 2017 OTCcrypto started the project May 2018 (1-online is operating for 1 years and 3 months longer).
- 1-online operates without any registration or no information is available about the legal entity OTCcrypto was an ordinary limited company without any licenses, etc. (OTCcrypto 's approach to the business made it a safer and more stable solution).
- 1-online allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You could register at the OTCcrypto if you were a resident of one of 1 countries; but users from United States were not able to use the service (OTCcrypto had less countries supported).
- When the client needs to pass through the KYC process at 1-online, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at OTCcrypto normally consisted of 2 individual procedures: the ID Verification, Phone Number Confirmation. (OTCcrypto compliance stuff traditionally asked the client to provide more data, pass through more procedures).
- Our visitors shared 5 reviews about 1-online, 100% of those are positive While OTCcrypto was operating, we could get 5 clients testimonials, 100% were positive (OTCcrypto & 1-online managed to get the same percentage of positive feedback from their users).
We can't make a decision — is 1-online a worthy alternative to OTCcrypto — instead of you, but we'll try to assist with the matter. Since the 1-ONLINE exchange service got a lower rating at our platform: 67 versus 94 that OTCcrypto used to have, it may make sense to also review another possible replacements for a non-working broker, particularly the ranked "best-of-the-best" TransCoin!
Like reading? In fact, there are more exchanges worth comparing to OTCcrypto, for example, those ones:
OTCcrypto vs WMexpress
Let's compare the most important features and key facts about the WMEXPRESS with what OTCcrypto (RIP) offered us in the past to make a conclusion if WMexpress will be the optimal choice for you:
- WMexpress is a broker OTCcrypto was a broker, both following the same approach to the business.
- WMexpress had launched the service August 2015 OTCcrypto started the project May 2018 (WMexpress is operating for 2 years and 9 months longer).
- WMexpress operates without any registration or no information is available about the legal entity OTCcrypto was an ordinary limited company without any licenses, etc. (OTCcrypto 's approach to the business made it a safer and more stable solution).
- WMexpress allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You could register at the OTCcrypto if you were a resident of one of 1 countries; but users from United States were not able to use the service (OTCcrypto had less countries supported).
- When the client needs to pass through the KYC process at WMexpress, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at OTCcrypto normally consisted of 2 individual procedures: the ID Verification, Phone Number Confirmation. (OTCcrypto compliance stuff traditionally asked the client to provide more data, pass through more procedures).
- Our visitors shared 7 reviews about WMexpress, 100% of those are positive While OTCcrypto was operating, we could get 5 clients testimonials, 100% were positive (OTCcrypto & WMexpress managed to get the same percentage of positive feedback from their users).
We can't make a decision — is WMexpress a worthy alternative to OTCcrypto — instead of you, but we'll try to assist with the matter. Since the WMEXPRESS exchange service got a lower rating at our platform: 71 versus 94 that OTCcrypto used to have, it may make sense to also review another possible replacements for a non-working broker, particularly the ranked "best-of-the-best" TransCoin!
Like reading? In fact, there are more exchanges worth comparing to OTCcrypto, for example, those ones:
OTCcrypto vs chby
Let's compare the most important features and key facts about the CHBY with what OTCcrypto (RIP) offered us in the past to make a conclusion if chby will be the optimal choice for you:
- chby is a broker OTCcrypto was a broker, both following the same approach to the business.
- chby had launched the service July 2018 OTCcrypto started the project May 2018 (OTCcrypto operated 1 months longer).
- chby operates without any registration or no information is available about the legal entity OTCcrypto was an ordinary limited company without any licenses, etc. (OTCcrypto 's approach to the business made it a safer and more stable solution).
- chby allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You could register at the OTCcrypto if you were a resident of one of 1 countries; but users from United States were not able to use the service (OTCcrypto had less countries supported).
- When the client needs to pass through the KYC process at chby, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at OTCcrypto normally consisted of 2 individual procedures: the ID Verification, Phone Number Confirmation. (OTCcrypto compliance stuff traditionally asked the client to provide more data, pass through more procedures).
- Our visitors shared 6 reviews about chby, 100% of those are positive While OTCcrypto was operating, we could get 5 clients testimonials, 100% were positive (OTCcrypto & chby managed to get the same percentage of positive feedback from their users).
We can't make a decision — is chby a worthy alternative to OTCcrypto — instead of you, but we'll try to assist with the matter. Since the CHBY exchange service got a lower rating at our platform: 70 versus 94 that OTCcrypto used to have, it may make sense to also review another possible replacements for a non-working broker, particularly the ranked "best-of-the-best" TransCoin!
Like reading? In fact, there are more exchanges worth comparing to OTCcrypto, for example, those ones:
OTCcrypto vs EXMO
Let's compare the most important features and key facts about the EXMO with what OTCcrypto (RIP) offered us in the past to make a conclusion if EXMO will be the optimal choice for you:
- EXMO is a trading platform OTCcrypto was a broker, it's also an exchange, but has slightly different business model (feel free to read details about the difference between trading platform and broker)
- EXMO had launched the service May 2013 OTCcrypto started the project May 2018 (EXMO is operating for 5 years and 0 months longer).
- EXMO has all the business licenses and permissions, required by law OTCcrypto was an ordinary limited company without any licenses, etc. (EXMO's business model makes it a better, safer choice for the customers).
- Other than providing the services of buying, selling and exchanging cryptocurrency, EXMO provides some other exchange-related / financial services: Cash codes, OTC trading and the Margin Trading OTCcrypto provided less financial or other services, related to the cryptocurrency exchange: it only exchanged cryptos.
- EXMO allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You could register at the OTCcrypto if you were a resident of one of 1 countries; but users from United States were not able to use the service (OTCcrypto had less countries supported).
- When the client needs to pass through the KYC process at EXMO, they usually ask to provide 3 documents and / or specific procedures: ID or Passport Verification, current Address Confirmation (utility bill, bank or credit card statement, etc.), Selfie with ID in hands. In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at OTCcrypto normally consisted of 2 individual procedures: the ID Verification, Phone Number Confirmation. (OTCcrypto KYC policies were super-strict, no exemptions allowed, any kind of trade required client identification; the good news is that EXMO is more tolerant!)
- Our visitors shared 20 reviews about EXMO, 95% of those are positive While OTCcrypto was operating, we could get 5 clients testimonials, 100% were positive (OTCcrypto used to have a better reviews from the clients).
We can't make a decision — is EXMO a worthy alternative to OTCcrypto — instead of you, but we'll try to assist with the matter. Considering the fact that OTCcrypto had a lower rating score: 94 vs EXMO rated 100, it makes sense to state that EXMO should be a great replacement for now defunct broker; definitely worth trying!
Like reading? In fact, there are more exchanges worth comparing to OTCcrypto, for example, those ones:
Another approach: finding the best rate to exchange BTC & crypto in United States and North America
There is another way of finding the most worthy alternative to OTCcrypto that will work best for you considering:
- The fees and rates provided at the moment by 21 exchange websites of a "Broker" type and 9,466 other offers.
- BTC/ exchange rate at those or BTC/USD, etc; the availability of service for the residents of United States (and the support).
- Which local banks & payment systems out of 154 serving US are the fastest, most convenient and cost-efficient personally for you.
- Amount you need to swap: say, the conditions for exchanging 1.01 will be significantly different from the terms of $66,251.0 conversion.
- And of course, you see the rating, users reviews (up-to-date 529 real clients testimonials), etc. for all the offers available!
Our platform could find 36 offers to buy, sell, exchange BTC available to users from United States, and 29 of these are for the US Dollar currency. There are totally 27 exchange services supporting US. Some of those are providing the access to USD|BTC market, including such types as e-wallet, P2P Marketplace, Trading Platform, etc. 5 exchanges has active offers for these currencies right now; you can buy/sell using 16 local and international payment systems & banks! The local dealers and exchanges are mentioning the support of 14 local banking institutions and the payment systems. According to the latest data we have, the lowest fee to purchase BTC with USD locally is available for Etana, that's a local payment system. The most popular domestic options for purchasing BTC @ US:
- Barter from Flutterwave | 50 ads
- GoBank Card | 34 ads
- MyVanilla Reloadable | 22 ads
- JCPenney | 13 ads
- Paypal | 7 ads
- Cash in Person | 5 ads
- Other Gift Cards | 4 ads
- Nike | 4 ads
- Cash App (Square) | 4 ads
- Visa & Mastercard | 3 ads
Although there's no data left, what was available at otccrypto.co.uk for the clients from United States, we are sure that you'll find a worthy alternative on one of 36 exchange websites we compare the rates at! Check out what the local dealers and platforms are offering: currently there are 14 domestic banks supported. Besides, you may find something interesting browsing 9,466 offers available with 16 ways to pay internationally, either to neighboring countries in North America or to any other part of the world.