How to trade on OOOBTC

Characteristically, OOOBTC is a cryptocurrency exchange platform that provides trading in a great deal of obscure altcoins like Golem, Zilika, Status, Rchain and so on. Note that Ether is the most recognizable coin in OOOBTC’s portfolio. OOOBTC is a viable and reputable trading platform that provides the traders and potential ones with charts, graphs, indicators and some analysis tools. Of course , lots of traders will find the intitative very useful , worthwhile and helpful.

OOOBTC endears itself to traders owing to the fact it has a fascinating selection of rare altcoins. It is an effective platform with attractive features like low trading and fairly favouarable withdrawal fees.

Interestingly, OOOBTC makes provision for wallets designed for the supported altcoins. These can be very convenient especially for highly obscure altcoins for which there are not many wallets available. It is noteworthy that fiat is unacceptable on this platform.It only provides the opportunity to exchange the supported cryptocurrencies for each other. As a matter of fact, they cannot be sold or bought for fiat currencies.

 

No Leveraging

OOOBTC does not integrate leveraging in its operational framework. To put it simply, it does not offer leveraged trading. People whose interest is in leveraged trading and are not concerned about owning the coins should rather opt for a regulated forex broker that provides CFDs on cryptocurrencies. Over there, the clients can freely and legitly trade on margin.

 

Anonymity is Highly Prohibited

OOOBTC unlike other platforms like BitMEX does not allow the practice of anonymity in trading. Clients are under compulsion to reveal their true identity and are required to verify thememselves when signing up for the platform. The exchange platform only requires a copy of an ID document and selfie. Obviously, OOOBTC partners with verification services provider named Jumio.

 

Fees and Deposits

The platform is known for low trading fees. It runs a relatively low fee of 0.25% which is quite reasonable and favourable. However, OOOBTC does not require deposit fees for crypocurrencies. But for crypto withdrawal, it charges miners fee. Well, this is perhaps the standard practice for many exchange platforms with respects to cryptocurrency deposit.

 

Withdrawal

OOOBTC sets withdrawal limits with a view to preventing fraudulent practices and theft. In the same vein, the new unverified accounts cannot withdraw at all. Consequently, accounts having basic verification can withdraw 0.4 or equivalent BTC per day. Those referred to as ” enabled accounts” can withdraw up to 100 or (equivalent) BTC per day given the enablement of two factors.

 

Reliable Safety and Security

Interestingly, OOOBTC provides 2-factor authentication and encryption of the users’ information. Funds are stored in offline cold storage, which makes them inaccessible to hackers. This fosters a high degree of security.

How to Register on OOOBTC

The steps below will ultimately guide you to register and sign up on the OOOBTC exchange platform.The steps are simple and straightforward:

 

Step 1

Make your way to OOOBTC. Just click that particular link below. More importantly, ensure that when you are navigating the site, you can see the green lock symbol just like the image below.

 

This is the way to ensure that you are on the official, valid website of OOOBTC. In case the site is fabricated or replicated, this green symbol will not be there. Always ensure you see this on any site which will invariably demand the insertion of your personal info before proceeding.

 

Step 2:

At this point, you are on the OOOBTC homepage. Click “Sign Up” in the upper right-hand corner

Step 3

You will then be taken to this section where you will be required to insert your details. Fill in your email address, a strong password that requires you repeating the same password and insert the verification code written below. Once you have followed this procedure, click, “Create Account”

Step 4

After creating your account, you are supposed to see this screen

Just as you can see, it requires that you to authenticate your email address. You must finish this step before forging ahead. Now, open your email, click on the verification link required. Note, it must look something like image the below. You can engage the new window that just displayed up to move on to the next step

If you can’t see the email in your box, ensure that you check your junk/spam folder

 

Step 5:

At this point, click “security” on the left hand side

Now click, “verify” next to Google authenticator

Step 6

Then , you will be referred to a screen that displays to you a unique QR code for Google Authenticator. You must download the Google Authenticator app on your smartphone by using the same email you entered in to sign up and register on OOOBTC

 

Once you scan the code on your phone, Google will give you a 6 digit code which is like the image below

Insert that code into the “verification code” field, your OOOBTC password below and click the green “verify” button below.

 

Once that is done, you are good to go. You are ready to trade your DGTX tokens on OOOBTC.

About kota 28 Articles
Master's student in Estonia studying mechanical engineering. Cryptocurrency, Mining, Masternode running, IoT Technology.

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