OTCbid - Bitcoin use rise in Egypt amid economic recession

As the COVID-19 pandemic pushed the Egyptian economy into recession and deepening unemployment, more and more Egyptians see the benefits of trading and mining Bitcoin as an alternative source of income.

According to Al-Monitor, many Egyptians, particularly young people, are interested in cryptocurrencies. Wael al-Nahhas, an economist and financial advisor to several investment institutions in Egypt, said:

" “Many young Egyptians started investing in small amounts despite the increase in the value of the bitcoin. They started mining Satoshi, which is 100 millionth of a bitcoin, and on a daily basis they are making profits of 4% to 5% from the difference between buying rates during the timing of demand decline and selling rates at the time of peak demand, besides some quarterly or yearly profits from unexpected hikes in bitcoin rates.” _ Read Full Article

Source: Cointelegraph


-0% Gross , +2%, +4% Net, B2B, P2P, USA

Look For Buyer Mandate Only -

NEW: 1-2000 BTC @ -0% gross, +2% to +4% net, F2F, P2P, USA - Look For Buyer

(Seller: UR...JE)

Post: 5.10.2020​

  • New Seller has 1-2000 BTC fro +2% to +4% net

  • Sellerside = 1-2%

  • Buyerside = 1-2%

  • DEALS:

  • Wire Transfer F2F or P2P:

  • 1 to 99 BTC = +3% premium

  • 100 BTC to 300 BTC= +2% premium

  • 1000-2000 BTC= -3% discount

  • Cash Deal Table F2F:

  • 1 to 99 BTC =+4% premium

  • 100 BTC = +3% premium



Interested parties should contact :



  • DM Raymond Chai (on Linkedin)

  • Telegram @ OTCbidcom

  • Telegram: +1 (786) 632 8577


5 views0 comments



Telegram: +1 (786) 632 8577

Telegram @OTCbiddotcom


Trading Name: Chai Gallery

ABN 86 089 149 718

Martin Place Sydney Australia






OTCbid does not provide any financial advice, financial products or services. Bitcoin is not a financial product. According to ASIC, Bitcoin does not fit within the current legal definition of a financial product in Australia.


We match Bitcoin buyers and sellers worldwide. We coordinate large volume of these trades involving buyers/sellers who have accounts with reputable banks and institutions to make sure their clients are fully verified and abiding by regulations.


OTCbid desk deals involves extreme high risk with big whale bitcoin speculators and market price volatility that can contribute to an adverse effect on any investment in crypto assets. You should be capable of evaluating market volatility, the merits and risks of the investment. We advice you always do your own due diligence on bitcoin OTC desk deals of buyers and sellers or seek independent expert advice on what to invest on OTC desk deals, and be prepare to face the potential risk of losing your entire investment portfolios. Always invest the amount that you can afford to loss.

Our OTCbid desk deals should not be interpreted as an endorsement of each OTC deal. This platform is not a trading investment advice or any recommendation to trade. You trade at your own risk as cryptocurrency OTC deals are speculative, complex and involve significant risks. Always engage your own independent crypto expert advice, before relying information on this platform. You should also verify your own trading deals including its legal status and relevant regulatory requirements as part of trading strategies. Lastly, always conduct your own due diligence to protect traders from the wide variety of scams and schemes that target OTC trades daily.

*Disclaimer: All contents here are for educational/information purposes only and should not be considered investment or trading advice.

OTCbid does not provide any investment, financial, tax, legal or other professional advice. We recommend that you consult with financial and tax advisors to understand the risks and consequences of buying, selling and holding Bitcoin.