Topic: [2016-01-26]LakeBTC launches OTC feature; CoinReport tests it (Read 259 times)

Shanghai-based bitcoin exchange LakeBTC announced last week it has launched an over-the-counter (OTC) trading feature. The exchange created multiple accounts on its test server for CoinReport and invited us to experience the new feature.

In its email, LakeBTC said that the OTC feature, unlike the exchange trading they have been running for the past three years, allows users to trade with each other directly using any currency and payment method convenient to both the buyer and the seller.

“It is especially appealing to users who trade in large volumes and/or use less popular currencies,” said LakeBTC’s email. “Our goal is to make bitcoins more accessible to all users around the globe, regardless of where they live, what currencies they use, and how much money they have.”

The exchange said its product and development teams spend an enormous amount of time to streamline the OTC trading processes. Users, therefore, are able to save time on negotiating the deal details such as payment methods and payment instructions. All they have to do is just register all available External Accounts once and begin OTC buy and OTC sell trades, said LakeBTC, adding that both average users and professional coin dealers are going to find it a lot easier to conduct OTC trade at the exchange.

Using the accounts the exchange created for us to experience the OTC feature, we found that the OTC trading is indeed pretty neat and effortless.

First, we logged in on LakeBTC’s homepage using the CoinReport account the exchange created for us. The first screen that we saw after logging in was of our Wallet with LakeBTC (all screenshots in the following can be further enlarged by clicking on them)

Read https://coinreport.net/lakebtc-launches-otc-feature-coinreport-tests-it/