A Brief Indepth And Insight Analysis of An OTC Card...
Due to misconceptions, along with erroneous insight. An OTC Card`s primary function, serves as a seamless bridge between a users anonymous crypto to an anonymous Fiat access/cashout regardless of user location/restrictions etc.
Due to various crypto card types in existence an OTC card could be easily tagged to have a blanket function as a basic crypto card, but in reality the functionality and characteristics differ as provided below..
1.Crypto cards restricts users to specific registered/compatible user jurisdictions.(ie EU/EAA etc).
2.Cards daily, monthly limits are significantly low, which could be typically anywhere from 250€ to 500€ maximum daily at best.
3.User can be restricted/blocked out anytime without warning as crypto cards are issued by controlling entities.
4.Several levels of KYC Strictly required.
5.Non compatibility with certain ATM specifications.
6.Some cards types require authorization code sent to users phone before access to funds
And the list goes on
7.High ATM fees, when using outside of intial registered acct jurisdiction..
Whereas an OTC card provides 1.access to Anonymity,
2.Fiat access Globally,
3.No monthly limits,
4.Multiple High-limit Daily withdrawals 1,000€ minimum and over.
5.No kyc,
6.multiple currency function,
7.High Max Holding Capacity,
8.Ability to Cashout Six figures and more overtime.
9.Higher Frequency Reloads
10.Low fiat withdrawal fees.
With the above stated info what comes into question would be, how does an OTC Card basically function? An OTC card,typically comes with a designated crypto wallet, inline with users choice of crypto at set up..User sends in crypto to the designated wallet and simply cashes out the required Fiat amount. Which is a no thrill no frills type of function.
Limitations however exists as An 1.OTC cards functionality incorporates a Reloading fee 2.minimum Load amount of 500€ equ
3.not usable for online purchases or POS based items.
4.Strictly Crypto to Fiat Cashout Functionality.
In conclusion An OTC Cards main suitablity, would be towards cashing out high amounts of crypto earnings Into fiat securely and Anonymously, as the card typically Holds a Max amount 10,000€ at any one time. suitabilty for Day traders,High volume Crypto platforms as it provides the ability to Cashout trading profits at a breeze,High networth individuals who require access to anonymous Fiat amounts on the go.
Thus far the advantages of an OTC card, far outweighs it's limitations.
As the Above Screenshot suggests, a major live function of an OTC card has been depicted, which in itself reveals some of its advantages, when carefully analyzed, revealing what it entails and how it's work in reality as well as Rates associated with it .etc
Happy anonymous cashout Guys....
All Aboard The OCT
