Currencies: 186 (152 fiat & 34 crypto) Countries: 255 PSs & Banks: 339 Exchanges: 326 Offers:
BTC/USD:

OTCcrypto review & 5 testimonials for otccrypto.co.uk (02.2020)

OTCcrypto user interface: the home page in English

What is OTCcrypto in a nutshell? It's a trusted, well established, promising exchange service (broker) supporting 4 cryptocurrencies: you can buy and sell coins using 1 fiat currency (1 banks & payment systems are supported). Exchange service started the business May 2018, it serves the clients for a few years.

This service works with a number of currencies, banks, and payment systems. Hence to estimate the fees level we calculated an average fee you'll spend for an exchange here. Based on this number (1.5%) we may say that OTCcrypto charges low fees: 1% — 2% (according to our statistics, 80% exchanges take higher average fee) and has the high purchase limits available: $69 — $138,819 (in accordance with the statistics we've collected, 93% exchanges allow lower limits for orders). This Broker welcomes customers from 1 country (unfortunately, your country: United States is not supported at the moment; but there are good alternatives). Due to regulatory restrictions, US citizens and residents are not served by the exchange. Unfortunately we couldn't yet collect enough data about the order processing speed from the customers of OTCcrypto, although according to the information from the exchange itself, order processing is automated and should be instant. You will have to verify your account (ID Verification, Phone Number Confirmation should be normally required) before being able to use the service.

Since 2018, OTCcrypto has got some great testimonials from the customers: just our platform, already has 5 user reviews, 100% of those are positive. It's hard to say for the majority of the users what they like dealing with the service, most of all. Our platform assigns the OTCcrypto 93/100 rating: it's the great result, higher than 97% of the competition! For example, ByWare and Newline are ranked below, although Changelly (94/100) has better rank among our community members.

Based on all these facts, our verdict is the following: OTCcrypto is a perfectly safe place to buy and sell cryptocurrencies, almost an ideal exchange with great feedback we can recommend to our dear visitors!

Overview: is OTCcrypto safe?

OTCcrypto is the Broker; exchange started the business May 2018. Unfortunately, there is not much information available about the company doing business as OTCcrypto, etc.

Answering the question how safe is OTCcrypto:

OTCcrypto is definitely safe! 93/100 rating is rather hard to get, 97% exchanges have lower rating! Let's break down how the OTCcrypto exchange got such a rating.
Time in the business: 2 years 9 months
Feedback count: 5
Reviews: 5 positive, 0 negative, 0 neutral
Business model: no special licenses, etc.

Overall rating for OTCcrypto: 93 / 100

Pros & Cons of OTCcrypto

Since OTCcrypto is rated very highly by our visitors, it should have a lot of strong sides and just a few downsides. Let's check it out:

  • Broker operates for a long time, service was started 2018.05.
  • Otccrypto earned perfect testimonials from the clientele.
  • Fees are really low here.
  • High purchase and withdrawal limits.
  • Otccrypto doesn't hold the clients funds, delivering the funds directly to your wallet.
  • 4 digital currencies and 1 fiat ones are supported. Just a 1 payment systems and banks are supported. Another downside is that this exchange does't allow crypto-to-crypto swaps.
  • Brokers are less regulated exchanges, you are basically on your own if you have problems with such a service.

Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at OTCcrypto! Try OTCcrypto today and let us know how you like it!

Services, OTCcrypto Provides

The platform provides the following cryptocurrency exchange-related services:

  • Allows the customers to buy cryptocurrencies with fiat currencies
  • Provides the clients with ways to "cash out" the crypto to fiat currency

As we can see, OTCcrypto doesn't provide any services besides the cryptocurrency exchange, althought it's safe to say that it does it better than many competitors!

Currencies & Payment Systems

OTCcrypto provides the service of buying and selling 4 digital currencies using fiat currencies. The following cryptocurrencies are available to buy/sell: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP).

If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides. For example, these: Top 10 cryptocurrencies to buy to invest in 2021.

1 fiat currencies are supported to provide crypto purchase and selling: Pound Sterling (GBP). The Broker will let you buy and sell Bitcoins and 3 other cryptos using the following payment systems:

  • Faster Payments. A local bank (serving United Kingdom) in Pound Sterling currency. Just the GBP payments are available for both buying and selling cryptocurrencies at this exchange. Faster Payments is a popular way to buy BTC and other cryptocurrencies available at 4 exchanges of various types. You are welcome to find the best rate for buying bitcoin with faster payments at our home page!

OTCcrypto fees

The fees you need to pay at this broker during the process of buying and selling cryptocurrencies are easier to understand if you break it down like that (note that you can skip the details, jumping to the conclusion):

  1. Service/processing fee. Depending on the fiat payment system and currency, it's as follows:
    • 2% when you pay money using Faster Payments in Pound Sterling.
    • Commission when you are receiving funds to Faster Payments in Pound Sterling: 1%
  2. Miners fee. Please note that this fee applies only when you buy bitcoin or other cryptocurrency!
    • 0 BTC: great news! at the moment there is no such a fee!

Are OTCcrypto fees high or low?

Now it's time to draw a conclusion: considering the average fee the exchange changes for an operation we can state that OTCcrypto takes very low fees! According to our statistics, the majority of the competition charge way more than OTCcrypto does! The exact rate depends on the Bank or Payment System choice. For example, an average fee you pay to buy Bitcoin with Faster Payments in GBP across various exchange brokers, trading platforms, p2p marketplaces and e-wallets is 1%, OTCcrypto charges 2% for this. Seems fair!

Buying and selling limits

This Broker has the following limits, applicable when you buy or sell cryptocurrencies:

  1. Purchase limits (when you buy crypto).
    • £50 minimal buy and £100,000 max purchase when using Faster Payments in Pound Sterling.
  2. Withdrawal limits (when you out-exchange crypto to the fiat money).
    • £50 min and £100,000 maximal withdrawal when receiving money to Faster Payments in Pound Sterling.

And the good news: there are no limits on other payment systems (the limitations the payment system has aside) OTCcrypto supports! Comparing to other exchanges, OTCcrypto has one of highest buying and selling limits on the whole exchange market!

Supported countries

Platform allows the users from 1 countries to use the exchange. The following countries are supported by the broker:

  • United Kingdom (GB)

Does OTCcrypto allow the users from United States (US)?

USA flag

Sorry, but the OTCcrypto can't provide the services to the citizens and residents of the United States of America at this time, due to the local regulations and licensing matters, etc. But there are no reasons to get disappointed because of that, there are plenty of great exchanges as well as the ones of Broker type, who warmly welcomes the American people! We can recommend you to look at these:

Customer service

Sorry, but we haven't collected enough data about this yet. Do you have any experience exchanging with the OTCcrypto? Can you please add your testimonial? This will help everyone a lot, thanks!

Verification at OTCcrypto

The broker requires it's clients to pass through obligatory user identification (account verification). The following procedures should be completed before the client will be able to buy and sell on the exchange:

  • ID verification
  • Phone confirmation

According to the customers surveys results, the average time to verify an account at OTCcrypto is the following:

Sorry, we haven't yet collected enough data. Do you know, how fast OTCcrypto does account verification? Kindly let us know, too. Thank you very much!

Deposit/withdrawal speed

OTCcrypto processes the orders automatically, that's definitely a good thing and the process should take no time. Although we know that some exchanges require various forms of staff approval, etc. for the specific orders; such ones generally take longer. Even fully automated platforms sometimes delay the funds delivery, so if you know that it's the case here at this broker, let us and the community know about it, please!

Is OTCcrypto instant?

So, what can we see? In accordance with the data we know about the broker, orders at OTCcrypto should be instant. Although we don't have enough information about the order delivery speed from actual customers yet, sorry.

Customers' testimonials

Our users left 5 testimonials about their experience dealing with OTCcrypto, 100% of the testimonials are positive, 0% are neutral and there are 0 negative ones. Feel free to read as many of these as you like!

Sticky F., 4 testimonials
@ 02 Feb 2020
SantaCruz, 4 testimonials
@ 25 Dec 2019
Drake I., 3 testimonials
@ 16 Sep 2019
Satoshi N., 72 testimonials
@ 09 Sep 2019
No more testimonials to show. The rest are either outdated or written in other languages. If you have any experience dealing with OTCcrypto, can you please leave your testimonial? Thanks!

Overall result if great! 100% positive testimonials is something the business owners are very proud of, such a rating is hard to get and even harder to maintain! It means the community really trusts and likes the OTCcrypto services, so most likely, you'd enjoy it too!

FAQ about OTCcrypto

Does OTCcrypto holds my funds?

It does not! One of the best things dealing with the brokers is that unlike most of other exchanges, such businesses instantly deliver your funds to your own wallet after the payment clearance.

Is OTCcrypto a good broker?

According to our rating and the clients' testimonials, it is! Feel free to get acquainted with the details reading this review or just jump to the conclusion!

Is OTCcrypto licensed? Does it hold e-money license?

It is not, although seems that such business model complies with the regulation in OTCcrypto home country.

Is OTCcrypto a ripoff?

It definitely isn't! Feel free to read the whole this review to understand why or check our conclusion: is OTCcrypto legit or scam.

OTCcrypto vs other exchanges

Let's compare OTCcrypto to other similar exchange services with similar features: others of broker type mostly. Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc. Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and 33 other cryptos, check the best rates to buy bitcoin and crypto in United States!

OTCcrypto vs 100monet

Let's compare the key features of these two platforms to see which one suits you best:

  • 100monet is a broker OTCcrypto is a broker, both are using the same business model.
  • 100monet had started the business December 2014 OTCcrypto started the business May 2018 (100monet is working for 3 years and 5 months longer time).
  • 100monet operates without a business registration or there is no information available about it OTCcrypto is an ordinary company without licenses, etc. (OTCcrypto utilizes a safer and more stable business model).
  • Besides the digital currencies exchange, 100monet provides no extra services OTCcrypto provides more exchange-related services: it allows us to purchase and sell digital currencies.
  • 100monet doesn't have any fiat currencies supported You'll be able to use 1 fiat currencies to swap with digital ones at OTCcrypto (OTCcrypto supports 1 fiat currencies more).
  • 100monet doesn't allow any fiat payments OTCcrypto allows the user to utilize 1 various fiat payment systems and/or banks (OTCcrypto supports 1 fiat payment systems and banks more).
  • 100monet allows registrations from 255 countries; United States is among the supported ones You may register at OTCcrypto if you reside in one of 1 countries; unfortunately, United States is not among the supported ones (OTCcrypto supports less countries).
  • During the account verification 100monet usually asks for some (it depends) documents and/or procedures User identification at OTCcrypto usually consists of 2 different procedures: id verification, phone confirmation (OTCcrypto 's KYC policy requires the customer to take less actions or to provide less data).
  • Our users left 6 testimonials about 100monet, 83% of which are positive We've collected 5 users testimonials about OTCcrypto, 100% are positive (OTCcrypto has better testimonials from the clients

Although the final decision, which exchange — 100monet or OTCcrypto — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although OTCcrypto has a better total rating 93 vs 100monet's 73, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

OTCcrypto vs 1-online

Let's compare the key features of these two platforms to see which one suits you best:

  • 1-online is a broker OTCcrypto is a broker, both are using the same business model.
  • 1-online had started the business February 2017 OTCcrypto started the business May 2018 (1-online is working for 1 years and 3 months longer time).
  • 1-online operates without a business registration or there is no information available about it OTCcrypto is an ordinary company without licenses, etc. (OTCcrypto utilizes a safer and more stable business model).
  • Besides the digital currencies exchange, 1-online provides no extra services OTCcrypto provides more exchange-related services: it allows us to purchase and sell digital currencies.
  • 1-online doesn't have any fiat currencies supported You'll be able to use 1 fiat currencies to swap with digital ones at OTCcrypto (OTCcrypto supports 1 fiat currencies more).
  • 1-online doesn't allow any fiat payments OTCcrypto allows the user to utilize 1 various fiat payment systems and/or banks (OTCcrypto supports 1 fiat payment systems and banks more).
  • 1-online allows registrations from 255 countries; United States is among the supported ones You may register at OTCcrypto if you reside in one of 1 countries; unfortunately, United States is not among the supported ones (OTCcrypto supports less countries).
  • During the account verification 1-online usually asks for some (it depends) documents and/or procedures and it takes a day or two in most of the cases User identification at OTCcrypto usually consists of 2 different procedures: id verification, phone confirmation (OTCcrypto 's KYC policy requires the customer to take less actions or to provide less data).
  • Our users left 5 testimonials about 1-online, 100% of which are positive We've collected 5 users testimonials about OTCcrypto, 100% are positive (OTCcrypto & 1-online share the same percentage of positive user reviews).

Although the final decision, which exchange — 1-online or OTCcrypto — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although OTCcrypto has a better total rating 93 vs 1-online's 90, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

OTCcrypto vs ByWare

Let's compare the key features of these two platforms to see which one suits you best:

  • ByWare is a broker OTCcrypto is a broker, both are using the same business model.
  • ByWare had started the business October 2015 OTCcrypto started the business May 2018 (ByWare is working for 2 years and 7 months longer time).
  • ByWare operates without a business registration or there is no information available about it OTCcrypto is an ordinary company without licenses, etc. (OTCcrypto utilizes a safer and more stable business model).
  • Besides the digital currencies exchange, ByWare provides no extra services OTCcrypto provides more exchange-related services: it allows us to purchase and sell digital currencies.
  • ByWare doesn't have any fiat currencies supported You'll be able to use 1 fiat currencies to swap with digital ones at OTCcrypto (OTCcrypto supports 1 fiat currencies more).
  • ByWare doesn't allow any fiat payments OTCcrypto allows the user to utilize 1 various fiat payment systems and/or banks (OTCcrypto supports 1 fiat payment systems and banks more).
  • ByWare allows registrations from 255 countries; United States is among the supported ones You may register at OTCcrypto if you reside in one of 1 countries; unfortunately, United States is not among the supported ones (OTCcrypto supports less countries).
  • During the account verification ByWare usually asks for some (it depends) documents and/or procedures and it takes a day or two in most of the cases User identification at OTCcrypto usually consists of 2 different procedures: id verification, phone confirmation (OTCcrypto 's KYC policy requires the customer to take less actions or to provide less data).
  • Our users left 16 testimonials about ByWare, 100% of which are positive We've collected 5 users testimonials about OTCcrypto, 100% are positive (OTCcrypto & ByWare share the same percentage of positive user reviews).

Although the final decision, which exchange — ByWare or OTCcrypto — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although OTCcrypto has a better total rating 93 vs ByWare's 90, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

OTCcrypto vs Newline

Let's compare the key features of these two platforms to see which one suits you best:

  • Newline is a broker OTCcrypto is a broker, both are using the same business model.
  • Newline had started the business March 2016 OTCcrypto started the business May 2018 (Newline is working for 2 years and 2 months longer time).
  • Newline operates without a business registration or there is no information available about it OTCcrypto is an ordinary company without licenses, etc. (OTCcrypto utilizes a safer and more stable business model).
  • Besides the digital currencies exchange, Newline provides no extra services OTCcrypto provides more exchange-related services: it allows us to purchase and sell digital currencies.
  • Newline doesn't have any fiat currencies supported You'll be able to use 1 fiat currencies to swap with digital ones at OTCcrypto (OTCcrypto supports 1 fiat currencies more).
  • Newline doesn't allow any fiat payments OTCcrypto allows the user to utilize 1 various fiat payment systems and/or banks (OTCcrypto supports 1 fiat payment systems and banks more).
  • Newline allows registrations from 255 countries; United States is among the supported ones You may register at OTCcrypto if you reside in one of 1 countries; unfortunately, United States is not among the supported ones (OTCcrypto supports less countries).
  • During the account verification Newline usually asks for some (it depends) documents and/or procedures and it takes a day or two in most of the cases User identification at OTCcrypto usually consists of 2 different procedures: id verification, phone confirmation (OTCcrypto 's KYC policy requires the customer to take less actions or to provide less data).
  • Our users left 4 testimonials about Newline, 100% of which are positive We've collected 5 users testimonials about OTCcrypto, 100% are positive (OTCcrypto & Newline share the same percentage of positive user reviews).

Although the final decision, which exchange — Newline or OTCcrypto — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although OTCcrypto has a better total rating 93 vs Newline's 90, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

OTCcrypto vs Changelly

Let's compare the key features of these two platforms to see which one suits you best:

  • Changelly is a broker OTCcrypto is a broker, both are using the same business model.
  • Changelly had started the business December 2013 OTCcrypto started the business May 2018 (Changelly is working for 4 years and 4 months longer time).
  • Changelly has all the required business licenses and permissions OTCcrypto is an ordinary company without licenses, etc. (Changelly's business model is more stable and safer for clients).
  • Besides the digital currencies exchange, Changelly provides no extra services OTCcrypto provides more exchange-related services: it allows us to purchase and sell digital currencies.
  • Changelly doesn't have any fiat currencies supported You'll be able to use 1 fiat currencies to swap with digital ones at OTCcrypto (OTCcrypto supports 1 fiat currencies more).
  • Changelly doesn't allow any fiat payments OTCcrypto allows the user to utilize 1 various fiat payment systems and/or banks (OTCcrypto supports 1 fiat payment systems and banks more).
  • Changelly allows registrations from 242 countries; we are sorry, but United States is not supported this time You may register at OTCcrypto if you reside in one of 1 countries; unfortunately, United States is not among the supported ones (OTCcrypto supports less countries).
  • Changelly allows the user to be anonymous, there is no account verification, etc. User identification at OTCcrypto usually consists of 2 different procedures: id verification, phone confirmation (OTCcrypto 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 17 testimonials about Changelly, 94% of which are positive We've collected 5 users testimonials about OTCcrypto, 100% are positive (OTCcrypto has better testimonials from the clients

Although the final decision, which exchange — Changelly or OTCcrypto — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although OTCcrypto has a lower total rating 93 vs Changelly with 94, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Conclusion: is OTCcrypto legit or scam?

Now it's time to draw a conclusion, is OTCcrypto a scam or is it a legit exchange? We are 100% sure OTCcrypto is a trusted, legit exchange with great reputation in the community. There is no way it can be called a scam! Let's summarize what we like most (and what we don't) about the OTCcrypto:

  • Although it has no financial licenses, etc. such a business model complies with the regulation
  • The broker doesn't hold customers' funds, instantly delivering monies to your wallet
  • This company has being in the business for a long time; exchange was started 2 years and 9 months ago
  • Exchange supports 4 cryptocurrencies and 1 fiat ones (totally 1 payment systems / banks are available). There are no extra services besides the digital currencies exchange
  • It charges low fees: from 1% to 2% depending on the payment method
  • The purchase and withdrawal limits are among the highest: from $69 to $138,819 USD, it depends on a payment system choice
  • OTCcrypto accepts the clients from 1 countries; unfortunately, users from United States are not permitted to use the service
  • Clients' testimonials are perfect, 100% (5 out of 5) note their positive experience dealing with OTCcrypto.

Overall rating for OTCcrypto: 93 / 100