Over-the-Counter (OTC) Offers are now available via the CoinSpot Mobile App!
Check out the latest update that provides direct access to the OTC trading option on the CoinSpot Mobile app. Now, you can effortlessly browse, purchase, and track your eligible OTC orders directly through your mobile phone.
What is in this article?
- How to place an Instant OTC Buy order
- How to place an instant OTC Sell order
- How to request an OTC call
Terms and eligibility
- A request for OTC must be submitted with our Premium Support Team here.
- Each trade must be greater than or equal to $20,000 AUD in value.
- OTC trades have a low 0.1% fee.
To access CoinSpot's specialised OTC, you will need a Fully Verified CoinSpot account.
How to place an Instant OTC Buy order
1. Tap on Quick Options Button
(1) > Select
OTC (2).
Figure 1. CoinSpot Mobile App - OTC - (Quick Options Menu)
2. You will be presented with the OTC page, Tap on Continue to OTC.
Figure 2. CoinSpot Mobile App - OTC - (Welcome to OTC)
3. Select or search for an OTC asset.
In the following example we will be completing an Instant OTC Buy order for Bitcoin (BTC).
Figure 3. CoinSpot Mobile App - OTC - (OTC Coins)
4. Enter the amount(1) > Then tap on Get Instant Buy Quote(2).
*Optional: Tap on the Inverted arrows to swap between denominations.
**Optional: Tap on Buy Max to use all AUD funds.
Figure 4. CoinSpot Mobile App - OTC - (OTC Buy Page)
5. Review the quoted price and rate, if you are looking to proceed tap on Lock in Quote.
The quote will expire within 60 seconds and refresh, alternatively you can tap on Refresh Rate.
*Optional: Alternatively, you can request for a call from our Premium Support Team about the quote.
Figure 5. CoinSpot Mobile App - OTC - (Buy - Lock in Quote)
6. Once you are ready to proceed with your Instant OTC Buy Order, tap on Complete Transaction.
Figure 6. CoinSpot Mobile App - OTC - (Buy - Confirmation Page)
7. Congratulations, your Instant OTC Buy Order has been completed!
Figure 7. CoinSpot Mobile App - OTC - (Buy - Complete)
How to place an Instant OTC Sell order
1. Tap on Quick Options Button
(1) > Select
OTC (2).
Figure 8. CoinSpot Mobile App - OTC - (Quick Options Menu)
2. You will be presented with the OTC page, Tap on Continue to OTC.
Figure 9. CoinSpot Mobile App - OTC - (Welcome to OTC)
3. Select or search for an OTC asset.
In the following example we will be completing an Instant OTC Sell order for Bitcoin (BTC).
Figure 10. CoinSpot Mobile App - OTC - (OTC Coins)
4. Tap on Sell(1) > Enter the amount(2) > Then tap on Get Instant Sell Quote(3).
*Optional: Tap on the Inverted arrows to swap between denominations.
**Optional: Tap on Sell Max to sell all holdings.
Figure 11. CoinSpot Mobile App - OTC - (OTC Sell Page)
5. Review the quoted price and rate, if you are looking to proceed tap on Lock in Quote.
The quote will expire within 60 seconds and refresh, alternatively you can tap on Refresh Rate.
*Optional: Alternatively, you can request for a call from our Premium Support Team about the quote.
Figure 12. CoinSpot Mobile App - OTC - (Sell - Lock in Quote)
6. Once you are ready to proceed with your Instant OTC Sell Order, tap on Complete Transaction.
Figure 13. CoinSpot Mobile App - OTC - (Sell - Confirmation Page)
7. Congratulations, your Instant OTC Sell Order has been completed!
Figure 14. CoinSpot Mobile App - OTC - (Sell - Complete)
How to request an OTC call
On Trade Page
After selecting coin, on the value entry page, tap the phone button top right to Book a Call
Figure 15. CoinSpot Mobile App - OTC - (Ask OTC Team about quote)
At Quote Review
Once you have requested an OTC order, whilst reviewing you may tap the button that reads
Ask OTC team about the quote.
Figure 16. CoinSpot Mobile App - OTC - (Ask OTC Team about quote)
OTC Page
1. Within the OTC main page, Tap on Request OTC Call.
Figure 17. CoinSpot Mobile App - OTC - (Request OTC call)
2. Fill out the Notes(1) > Tap on Submit Request(2).
Figure 18. CoinSpot Mobile App - OTC - (Submit a request)
3. The OTC Team will receive your request and be in touch shortly. Feel free to navigate back by tapping Go To Dashboard
Figure 19. CoinSpot Mobile App - OTC - (Request Submitted)
Need more help?
Please submit your request via Zendesk - https://coinspot.zendesk.com/hc/en-us/requests/new
or start a conversation with us via Live Chat and our team will provide full instructions and advice.
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