USDT OTC trading in Dubai is an activity of OTC trading dollar-backed digital currency USDT (Tether) commonly conducted in Dubai. OTC trading is done directly between two parties, and does not require using cryptocurrency trading platforms. This provides many benefits, which include privacy, convenience, and larger transaction sizes.
How OTC Exchange Works?
The USDT OTC trading mechanism, available in Dubai, is simple. You only need to connect with the market and laws and then complete the trades. The process of Tether (USDT) OTC trading in Dubai usually involves the following steps.
Find A Reputable OTC Broker
The first step is to look for an OTC broker in Dubai that is well-known for professional services. Broker selection can be complicated since there are numerous players on the market.
Therefore, it is critical to take the time to research and settle for a broker that is well-established and has an above-board reputation.
Negotiate The price
Note that the USDT price should be negotiated once the broker is found. When you conduct the transaction, this will be adjusted according to the USDT market value. So, it would be the total amount of USDT you buy or sell.
Fund The trade
Next, your obligation after negotiating the price is to provide the necessary payment. This can be done by bank transfer (AED) or cryptocurrency. For example, if you want to use USDT, transfer it from your exchange wallet.
Receive The USDT
Once the trade is fully funded, you will be credited with the USDT into your cryptocurrency portal.
Advantages Of Tether OTC Exchanging In Dubai
There are several benefits to USDT OTC trading in Dubai, including:
Privacy
OCT trades differ from public exchanges because the trades are more private. Also, OTC platforms are not linked to those exchanges so that the OTC trades can be cloaked from the public eye.
Flexibility
The over-the-counter trades can also be designed to satisfy the requirements of the buyers and sellers.
Larger Transaction Sizes
OTC markets can execute orders above the size offered on the traditional exchanges.
Direct Access To Market Makers
Finance agencies OTC brokers can offer access to market makers for those USDT that can be provided with liquidity.
Selection of Exchange to sell USDT in Dubai
Crypto Desk provides a secure and comfortable opportunity to sell USDT in Dubai instantly. The Crypto Desk always has a big trading volume and pricing is updated from the real market information.
One of the leading crypto exchanges in Dubai is Crypto Desk. The OTC platform Integrate your wallet, select the targeted bank account, and make the transaction. Your USDT will be converted to AED and sent to your bank account. Investors can follow the 6 simple steps below to make the transactions at Crypto Desk.
- Contact customer service (WhatsApp/Telegram)
- Make an appointment
- Get your cash or crypto together with your KYC documents (ID or passport)
- Visit our Office
- Send USDT to Crypto Desk.
- You can get cash or Bank transfer
Why To Select Crypto Desk OTC?
The Crypto Desk platform has more than seven years of experience in the crypto field. This OTC exchange is transparent and secure and is also the best in terms of rate.
The Crypto Desk platform executes flawlessly, enables investors to purchase quickly, and attracts new investors.
Better Than Any P2P Platform
As Crypto Desk currently solely deals in cash exchanges, you are at no risk of losing your money. On a P2P platform, however, it could be tricky to identify whom you are transacting with so no guarantees can be assured. Not knowing if the money came from another individual may denote you deal with black money if you use peer to peer services.
Competitive Exchange Rates
The exchange rate is something every trader considers and contemplates when/before making deals. This exchange rate could be up to 7% if it is done online using web-based trading platforms. Otherwise, dealing with such an exchange would be a waste of money compared to a one-to-one exchange at a place like Crypto Desk.
Zero Fees
Save more with no fees. Investors can save their dollars with $0 trading fees on Spot trading pairs, BTC, ETH, and so on. You can get the most secure transactions with no transaction fee.
All In One Place
You can trade USDT, BTC, ETH, and more than 500 cryptocurrencies on one platform. In addition to that the Crypto Desk platform also deals with a lot of secure wallets. Thus, you don’t have to switch your wallets to make transactions. This makes the transactions the most convenient for the investors.
Bank Transfer
You never have to do anything. Crypto Desk takes care of everything for you. Send digital currency and get fiat deposited into your bank account.
Cash In Person
The easiest way to trade crypto is face-to-face. You just have to visit our office in the center of Dubai. The rest of the process is very simple.
The Lowest Price Is Guaranteed
Crypto Desk offers the best rate. With every local platform, we compete on price. The pricing of Crypto Desk is frequently updated as the cryptocurrency fluctuates frequently. However, regardless of the high price spikes of the cryptocurrency in the crypto market, you will be given the most authentic and updated rates.
Quickly Receive Your Fiat
At the Crypto Desk, your AED can be withdrawn anytime after the platform gets your USDT. Considering the quick transfer time, the process usually takes 5 to 10 minutes.
24/7 Support
Crypto Desk is the best exchange. Crypto Desk competes on price, and the platform customer support team is also very active. Even beginners can do transactions from the platform without any hussle. The clients are supported by the customer service at each step to maintain the client satisfaction.
Give the Gift of Clean Air to 2022 Grads & Dads(Opens in a new browser tab)
Conclusion
The procedure of selling USDT on any OTC trading platform doesn’t require more than just a few straightforward steps. Also, research the most genuine and trustworthy cryptocurrency exchanges that meet your needs. OTC web services are the most secure and transparent among all other platforms.
While other exchanges may exist, Crypto Desk is definitely the leading in terms of security, comfort, and reliability. Its competitively low interest rates and no transaction charges make operations easy on investors’ budgets. A full support package of Crypto Desk provides an easy experience for clients.
The Crypto Desk is the most popular crypto exchange with over seven years of experience.
Whether clients need to perform operations via the Internet or face-to-face, Crypto Desk is dedicated to offering the highest level of service. Thus, it is the first choice for investors interested in reliable cryptocurrency exchanges that are completely hassle-free.