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OTCcrypto review & 5 testimonials (updated 09.2019)

OTCcrypto user interface: the home page in English

What is OTCcrypto in a nutshell? It's a trusted, 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 over a year.

The exchange charges low fees: 0% — 1% (according to our statistics, 93% exchanges take higher average fee) and has the high purchase limits available: $129 — $128,790 (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, that was recently launched, 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 84/100 rating: it's a good result, higher than 84% of the competition! For example, laslobit and exchangerEM are ranked below, although bitok777 (85/100) has better rank among our community members.

Based on all these facts, our verdict is the following: OTCcrypto is a safe place to buy and sell cryptocurrencies, a great exchange, the service community appreciates!

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! 84/100 rating is fairly a good one, 84% exchanges have lower rating! Let's break down how the OTCcrypto exchange got such a rating.
Time in the business: 1 year 5 months
Feedback count: 5
Reviews: 5 positive, 0 negative, 0 neutral
Business model: no special licenses, etc.

Overall rating for OTCcrypto: 84 / 100

Pros & Cons of OTCcrypto

Since OTCcrypto is rated highly by our visitors, the exchange likely has some impressive features that are the strong sides. But nothing is perfect, so there must be some downsides, too. Let's check it out:

  • Otccrypto earned perfect testimonials from the clientele.
  • 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: Cryptocurrencies initial coin offerings to buy in 2019.

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 2 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:
    • 1% when you pay money using Faster Payments in Pound Sterling.
    • 0% when you are receiving funds to Faster Payments in Pound Sterling.
  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: OTCcrypto takes very low fees! According to our statistics, the majority of the competition charge way more than OTCcrypto does! 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 1% 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).
    • £100 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).
    • £200 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!

SantaCruz, 3 testimonials
@ 21 Sep 2019
DrakeI., 1 testimonials
@ 16 Sep 2019
StickyF., 2 testimonials
@ 13 Sep 2019
SatoshiN., 71 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 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 buying and selling cryptocurrencies, 1-online provides no extra services OTCcrypto provides the same number of services as 1-online: it allows us to purchase and sell digital currencies.
  • 1-online supports 10 cryptocurrencies OTCcrypto allows to exchange 4 cryptos (OTCcrypto supports 6 cryptocurrencies less).
  • 3 fiat currencies are available at 1-online You'll be able to use 1 fiat currencies to swap with digital ones at OTCcrypto (OTCcrypto supports 2 fiat currencies less).
  • 1-online accepts deposits from and allows withdrawals to 20 fiat payment systems / banks OTCcrypto allows the user to utilize 1 various fiat payment systems and/or banks (OTCcrypto supports 19 banks and fiat payment systems less).
  • 1-online charges 3% — 29% fee OTCcrypto charges the client 0% — 1% fee, depending on the currency, payment system, etc. (OTCcrypto has lower fees in general).
  • Buying limits at 1-online start from $400 and are up to $10,273 Deposit/withdraw limits at OTCcrypto are $129 — $128,790 depending on the payment method (OTCcrypto has higher buying/selling limits).
  • 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).
  • 1-online 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 2 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 lower total rating 84 vs 1-online with 87, 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 100BTC.kiev

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

  • 100BTC.kiev is a broker OTCcrypto is a broker, both are using the same business model.
  • 100BTC.kiev had started the business April 2016 OTCcrypto started the business May 2018 (100BTC.kiev is working for 2 years and 1 months longer time).
  • 100BTC.kiev 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 buying and selling cryptocurrencies, 100BTC.kiev provides no extra services OTCcrypto provides the same number of services as 100BTC.kiev: it allows us to purchase and sell digital currencies.
  • 100BTC.kiev supports 6 cryptocurrencies OTCcrypto allows to exchange 4 cryptos (OTCcrypto supports 2 cryptocurrencies less).
  • 1 fiat currencies are available at 100BTC.kiev You'll be able to use 1 fiat currencies to swap with digital ones at OTCcrypto (OTCcrypto & 100BTC.kiev support the same number of fiat currencys).
  • 100BTC.kiev accepts deposits from and allows withdrawals to 7 fiat payment systems / banks OTCcrypto allows the user to utilize 1 various fiat payment systems and/or banks (OTCcrypto supports 6 banks and fiat payment systems less).
  • 100BTC.kiev charges 1% fee OTCcrypto charges the client 0% — 1% fee, depending on the currency, payment system, etc. (OTCcrypto has lower fees in general).
  • Buying limits at 100BTC.kiev start from $77 and are up to $9,879 Deposit/withdraw limits at OTCcrypto are $129 — $128,790 depending on the payment method (OTCcrypto has higher buying/selling limits).
  • 100BTC.kiev 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).
  • 100BTC.kiev 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).

Although the final decision, which exchange — 100BTC.kiev or OTCcrypto — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, 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 laslobit

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

  • laslobit is a broker OTCcrypto is a broker, both are using the same business model.
  • laslobit had started the business November 2017 OTCcrypto started the business May 2018 (laslobit is working for 6 months longer time).
  • laslobit 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 buying and selling cryptocurrencies, laslobit provides no extra services OTCcrypto provides the same number of services as laslobit: it allows us to purchase and sell digital currencies.
  • laslobit supports 6 cryptocurrencies OTCcrypto allows to exchange 4 cryptos (OTCcrypto supports 2 cryptocurrencies less).
  • 1 fiat currencies are available at laslobit You'll be able to use 1 fiat currencies to swap with digital ones at OTCcrypto (OTCcrypto & laslobit support the same number of fiat currencys).
  • laslobit accepts deposits from and allows withdrawals to 8 fiat payment systems / banks OTCcrypto allows the user to utilize 1 various fiat payment systems and/or banks (OTCcrypto supports 7 banks and fiat payment systems less).
  • laslobit charges 3% — 18% fee OTCcrypto charges the client 0% — 1% fee, depending on the currency, payment system, etc. (OTCcrypto has lower fees in general).
  • Buying limits at laslobit start from $12 and are up to $2,508 Deposit/withdraw limits at OTCcrypto are $129 — $128,790 depending on the payment method (OTCcrypto has higher buying/selling limits).
  • laslobit 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).
  • laslobit 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 7 testimonials about laslobit, 100% of which are positive We've collected 5 users testimonials about OTCcrypto, 100% are positive (OTCcrypto & laslobit share the same percentage of positive user reviews).

Although the final decision, which exchange — laslobit 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 84 vs laslobit's 83, 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 exchangerEM

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

  • exchangerEM is a broker OTCcrypto is a broker, both are using the same business model.
  • exchangerEM had started the business September 2017 OTCcrypto started the business May 2018 (exchangerEM is working for 8 months longer time).
  • exchangerEM 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 buying and selling cryptocurrencies, exchangerEM provides no extra services OTCcrypto provides the same number of services as exchangerEM: it allows us to purchase and sell digital currencies.
  • exchangerEM supports 2 cryptocurrencies OTCcrypto allows to exchange 4 cryptos (OTCcrypto supports 2 cryptocurrencies more).
  • 2 fiat currencies are available at exchangerEM You'll be able to use 1 fiat currencies to swap with digital ones at OTCcrypto (OTCcrypto supports 1 fiat currencies less).
  • exchangerEM accepts deposits from and allows withdrawals to 4 fiat payment systems / banks OTCcrypto allows the user to utilize 1 various fiat payment systems and/or banks (OTCcrypto supports 3 banks and fiat payment systems less).
  • exchangerEM charges -2% — 8% fee OTCcrypto charges the client 0% — 1% fee, depending on the currency, payment system, etc. (OTCcrypto has lower fees in general).
  • Buying limits at exchangerEM start from $207 and are up to $1,033 Deposit/withdraw limits at OTCcrypto are $129 — $128,790 depending on the payment method (OTCcrypto has higher buying/selling limits).
  • exchangerEM 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).
  • exchangerEM 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 2 testimonials about exchangerEM, 100% of which are positive We've collected 5 users testimonials about OTCcrypto, 100% are positive (OTCcrypto & exchangerEM share the same percentage of positive user reviews).

Although the final decision, which exchange — exchangerEM 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 84 vs exchangerEM's 83, 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 bitok777

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

  • bitok777 is a broker OTCcrypto is a broker, both are using the same business model.
  • bitok777 had started the business June 2017 OTCcrypto started the business May 2018 (bitok777 is working for 10 months longer time).
  • bitok777 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 buying and selling cryptocurrencies, bitok777 provides no extra services OTCcrypto provides the same number of services as bitok777: it allows us to purchase and sell digital currencies.
  • bitok777 supports 11 cryptocurrencies OTCcrypto allows to exchange 4 cryptos (OTCcrypto supports 7 cryptocurrencies less).
  • 1 fiat currencies are available at bitok777 You'll be able to use 1 fiat currencies to swap with digital ones at OTCcrypto (OTCcrypto & bitok777 support the same number of fiat currencys).
  • bitok777 accepts deposits from and allows withdrawals to 8 fiat payment systems / banks OTCcrypto allows the user to utilize 1 various fiat payment systems and/or banks (OTCcrypto supports 7 banks and fiat payment systems less).
  • bitok777 charges 7% — 9% fee OTCcrypto charges the client 0% — 1% fee, depending on the currency, payment system, etc. (OTCcrypto has lower fees in general).
  • Buying limits at bitok777 start from $207 and are up to $22,321 Deposit/withdraw limits at OTCcrypto are $129 — $128,790 depending on the payment method (OTCcrypto has higher buying/selling limits).
  • bitok777 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).
  • bitok777 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 2 testimonials about bitok777, 100% of which are positive We've collected 5 users testimonials about OTCcrypto, 100% are positive (OTCcrypto & bitok777 share the same percentage of positive user reviews).

Although the final decision, which exchange — bitok777 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 84 vs bitok777 with 85, 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? Well, OTCcrypto is definitely a legit exchange, it can't be called scam for sure! 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
  • The website was launched rather recently; exchange was started 1 years and 5 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 0% to 1% depending on the payment method
  • The purchase and withdrawal limits are among the highest: from $129 to $128,790 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: 84 / 100