OTCcrypto: why closed? 22 alternatives for otccrypto.co.uk (12.2024)
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
6 years
and
6 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
6 years
and
6 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.
Overall scoring for TransCoin:
100 / 100
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 TransCoin
Let's compare the most important features and key facts about the TRANSCOIN
with what OTCcrypto (RIP) offered us in the past
to make a conclusion if
TransCoin will be the optimal choice for you:
-
TransCoin is a broker
OTCcrypto
was a
broker,
both following the same approach to the business.
-
TransCoin had launched the service May 2018
OTCcrypto started the project May 2018.
-
TransCoin has all the business licenses and permissions, required by law
OTCcrypto
was an ordinary limited company without any licenses, etc.
(TransCoin's business model makes it a better, safer choice for the customers).
-
TransCoin 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 TransCoin,
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 5
reviews about TransCoin,
100%
of those are positive
While OTCcrypto was operating, we could get
5
clients testimonials,
100%
were positive
(OTCcrypto & TransCoin
managed to get the same percentage of positive feedback from their users).
We can't make a decision —
is TransCoin 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 TransCoin rated
100,
it makes sense to state that
TRANSCOIN
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 10,613
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
$58,802.0
conversion.
- And of course, you see the rating, users reviews
(up-to-date 604
real clients testimonials), etc.
for all the offers available!
Our platform could find 49
offers to buy, sell, exchange BTC available to users from
United States,
and 42 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 20
local and international payment systems & banks!
The local dealers and exchanges are mentioning the support of
17 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:
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 17
domestic banks supported.
Besides, you may find something interesting browsing
10,613
offers available with
20
ways to pay internationally,
either to neighboring countries in North America
or to any other part of the world.