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Exchange Review
This exchange has been flagged as inactive. There are many reasons for being flagged as inactive. We recommend you read the text below to understand why OTCBTC has received the inactive flag.

OTCBTC

Exchange Fees

BTC Withdrawal Fee 0.001 • Taker Fee 0.10% • Maker Fee 0.10%

Deposit Methods

No Wire Transfer No Credit Card

Cryptos (31)

0x Protocol, Aeternity Coin, AICHAIN, Bitcoin Cash, Cardano Coin and 26 more

UPDATE 23 March 2023: When trying to access the site of OTCBTC today, we received the following message:  

Business Adjustment Announcement

OTCBTC has stopped providing services in your region on December 31, 2019. The system will freeze accounts in this region in the near future. It is recommended that users complete the withdrawal as soon as possible. Please click here to withdraw

After the account is frozen, it needs to be submitted for manual review and unfreezing via email. The time required for unfreezing is 7-14 working days. It is recommended that users complete the withdrawal of coins as soon as possible before the account is frozen. The detailed rules are subject to the website announcement.

For how to withdraw coins, you can refer to the tutorial we wrote Click to view the coin withdrawal tutorial

If you have any questions, you can submit a work order to contact us, or send an email to the customer service email [email protected]

We have visited the site many times since 31 December 2019, so the date in the message is most likely incorrect. The platform does not have any trading volume listed on Coinmarketcap.com. These things taken together makes us believe that the most prudent thing is to mark the platform as "dead" in our Exchange Graveyard. 

To find a reliable exchange where you can start an account, just use our Exchange List and we'll help you find the right platform for you.

OTCBTC is the only Taiwanese cryptocurrency exchange that we have listed in our Cryptocurrency Exchange List. It has been active since 2018.

The Taiwanese government has expressed a positive attitude towards cryptocurrency and cryptocurrency companies. As early as in 2017, the Taiwan legislator Jason Hsu stated that Taiwan’s position on ICOs could be summarized as the three “no-policies”:

  • The Taiwan government does not encourage ICOs;
  • The Taiwan government does not prohibit ICOs; and
  • The Taiwan government does not take responsibility for ICOs.

Moreover, rumour has it that the Taiwan government will soon issue an even more positive attitude towards ICOs and cryptocurrencies in general, with the purpose of establishing Taiwan as an Asian crypto-hub country. We’ll have to wait and see what happens, but we don’t think that OTCBTC will be the only Taiwanese cryptocurrency exchange in our Cryptocurrency Exchange List for much longer.

To our knowledge, US-investors are permitted to trade at OTCBTC, but US-investors must always perform their own analysis.

OTCBTC also recently released their trading platform as a mobile application. This means that wherever you are, as long as you have a mobile data connection, you can trade and monitor your portfolio at this exchange through your phone.

OTCBTC Mobile Support

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at OTCBTC:

OTCBTC Trading View

This Taiwanese cryptocurrency exchange doesn’t charge different fees between takers and makers. Their fee model is instead a “flat fee model”. Their flat fee model is 0.10% which is below the global industry average. As we can’t compare the fee to any domestic counterparts, 0.10% also constitutes the domestic industry average.

At this exchange, they charge their users a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This fee is also in line with global industry average.

This exchange does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!