• OTC TRADING

    e-Pocket financial technology

  • SEAMLESS MOVEMENT

    BETWEEN FIAT AND CRYPTOCURRENCY

e-Pocket OTC Overview

e-Pocket Pty Ltd is an Australian financial technology (fintech) business offering a range of financial products and technologies to the global market.

As part of its service offering, e-Pocket offers an over the counter (OTC) service for several well-established Cryptocurrencies including Bitcoin and Etherum. e-Pocket OTC has processed $AUD30 Million as at September 2019 in institutional and retail trades and operates across many countries and jurisdictions.

Office
Office Office
0
0
0

What is OTC?


OTC trading is cryptocurrency trading that takes place away from digital currency exchanges.
Hedge funds, private wealth managers or high-net-worth individuals utilise OTC to buy a range of assets including bitcoin and other digital assets.

OTC trades are facilitated in several different ways, including the following:

 

Institutional

Via brokers. Brokers who specialize in large transactions handle them via OTC trades either done face to face or remotely. These platforms offer a personalized service to help high-volume traders execute large block trades and avoid problems with slippage by accessing funds through liquidity providers that hold large amounts of cryptocurrency

Online Retail

Through various chat rooms or online portals. These are effectively businesses buy from liquidity providers on your behalf or exchanges depending on the amount purchased. They make sure you have parted with your money and complied with KYC and AML rules and report to the Authorities all transactions.

Face to face retail

Bitcoin ATM’s allow customers to convert their fiat currency into digital coins without needing to go through an online exchange.

What's different unique about e-Pocket?

What makes e-Pocket OTC different is that it facilitates a seamless movement between fiat and cryptocurrency. It is essential to understand that modern users need access to an array of payment types, whether they are at home or travelling. e-Pocket provides not only access to purchase crypto on an as-needed basis, but a payment system across thousands of merchants.

Our Customers

OTC retail customers

Retail customers looking to buy and hold small amounts of Cryptocurrency need not look further than the e-Pocket online portal (e-Pocket.com.au) and app.

The benefit here is that the user can buy and hold Cryptocurrency and even move it over into a ‘PayPass’ type wallet to use at retailers in Australia. As with all our services, this is a fully compliant and risk-managed service via the OTC business arm e-Pocket.io.

download on app store download on google play

Institutional & High Net Worth Customers

Unlike regular cryptocurrency exchanges, a Bitcoin OTC market executes trades via private dealer networks. Investors looking to purchase or sell Bitcoin, meet up and exchange these assets without the need to inform the market. The Bitcoin OTC market is popular with institutional investors because cryptocurrency exchanges lack the technical infrastructure and liquidity for large orders. Many exchanges also have a daily cap or trading limit.

Breaking up larger orders into small batches might send a negative signal to the market and cause slippage. Structurally, for many institutional investors, Bitcoin OTC is the only approach they can use to trade the most liquid asset.

This type of investment has counterparty risks and relies heavily on trust and the visibility of the OTC business. Are they well known and established as a business in the financial services industry. At times these trades may use escrow services or other tools to offset counterparty risk.

Customer Identification Requirements

As a service provider, we are required to ‘know our customers’; this is known as KYC and complies with anti-money laundering regulations (AML) and Counterterrorism financing (CTF) regulations. The following is what you will be asked for to KYC you with e-Pocket Pty Ltd before we can provide services to you.

Customer Identification Requirements for Individuals

  • Certified copy of photo ID (Passport or Driver's licence - Front and Back)
  • Proof of residential address (Not PO Box). Eg. Utility bill. Must be in the same name as the name on the photo ID
  • The above is a requirement for all directors and partners that own 25% or more shares

Customer Identification Requirements for Beneficial ownership by Public / Private companies

  • Please provide Full Company Name, ABN and % Ownership for all companies that own, through one or more shareholdings, as well as ID documents above for all directors/partners. (this is required only if a public/private company owns 25% or more of an Australian company's issued capital or 10% foreign company's issued capital).

Customer Identification Requirements for Beneficial ownership by Trusts

  • Please provide the Trust deed(s), Full Name of Trustee acting on behalf of Trust, ABN and % Ownership for all trusts that own, through one or more shareholdings (NB: This is required if an ownership involves a Trust that owns 25% or more of an Australian company's issued capital or 10% foreign company's issued capital).

Customer Identification Requirements for Merchants & Businesses

  • Merchant Application Form
  • Passport or Drivers licence Front and Back
  • Proof of Director's residential address (utility bill etc...) - (Not PO Box). Eg. Utility bill. Must be in the same name as the name on the photo ID
  • Bank statement (must be a business account) - images of online/mobile banking are not sufficient.
  • Trust Deed if there is 25% or more of ownership by a Trust
  • ASIC Registration of public/private company if there is 25% or more of property owned by a Trust
  • NB: Beneficial ownership by Trusts
  • Please provide the Trust deed(s), Full Name of Trustee acting on behalf of Trust, ABN and % Ownership for all trusts that own, through one or more shareholdings (this is required if an ownership involves a Trust that owns 25% or more of an Australian company's issued capital or 10% foreign company's issued capital)

Contact Us

Our Location

Level 10, Tower 4, 611 Flinders Street, Melbourne, VIC 3000

SEND A MESSAGE
Success! Your message has been sent to us.
Error! There was an error sending your message.