OTCbid - The 9 Worst Cryptocurrency Scams and How to Avoid Them

" Are you worried about being scammed out of your hard-earned cryptos? Concerned that a criminal is going to steal the coins right out of your wallet?

This article covers the 9 worst scams in the cryptocurrency world, how to spot them, and how to avoid them. Armed with this knowledge you can confidently go out into the crypto world and make your millions, without fear of it being stolen from under your nose." - Read Full Article



-4% Gross . -2% Net . Regulated Bank in Bahamas

Look For Seller Mandate Only -

NEW: 100K-200K+ BTC @ -4% gross, -2% net, Bank, Bahamas - Look For Seller

(Seller: AR/KH)

Date: 18.8.2019

A regulated bank in Bahamas is investing Bitcoin. Looking for 100K-200K+ BTC

I am direct to Buyer Mandate of the Bank. Short chain ie Me + Buyer Mandate = 2

Looking for a seller that would like to sell coins in a safe / secure environment (under the banks protection)


1. Contract signed. Standard KYC, AML, no need F2F

2. Seller onboard with a regulated bank in Bahamas. 

3. Seller uploads BTC to the bank in their custodial account.  

4. Buyer uploads fiat to their bank custodial account.  

5. The coin and fiat have to be present in the accounts for the transaction to occur. 

6. The bank is providing the seller on their platform  

7. Safe for both seller and buyer. This transaction is safe, simple and real for buyer and seller



We can set up private rooms between counterparties to trade cryptocurrencies. 

Cost: 10bp each side - AML/KYC done by bank 

Coins and fiat are deposited to the accounts of each counterparty

Bank account, custody accounts under the name of each counterparty ​

No need for SPA, OTC Agreement 

Total control on pricing and liquidity

No need to worry about coins or fiat first

No counterparty risk as fiat and crypto are with the regulated and reputable bank before trades are executed 

Relying on a regulated and compliant entity


Interested parties should contact:

WhatsApp : +1 786 254 6589





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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.