An Introduction to NMCCX OTC Mobile App for Cryptocurrency Buying and Selling — Part 1
How to Register on OTC Mobile App as Buyer/Seller
NMCCX has OTC platform available both on Android and iOS, for the low frequency Buyer and Seller of the asset. It lets the user engage in various transactions with the verified Trading member appointed by the Exchange. This would enable the Buyer and Seller to Deposit or Withdraw money to/from Trading Members Account, Buy or Sell crypto assets over the NMCCX platform. Also, it allows to Send or Receive crypto assets to/from other wallets of the Buyer and Seller.
For Registration in OTC APP, user should enter valid mobile No, email ID, password (password must contain 8 digit) and validate those. An OTP will be sent to the registered mobile number and after you receive the OTP on the mobile No, again you have to validate it. Then you can set and confirm MPIN & validate those. After validation upload image, name, DOB, gender, GSTIN/UIN(optional) and address and validate all by filling my consent page. There you have to select the trading member from the list or enter the trading member ID. Then validate the ID also. Upload and validate PAN Card, image and PAN Card numbers and GSTIN/UIN (optional). Provide and validate address proof: Aadhar Card or Passport (details and image). Enter Bank details and validate. Go to home screen and Start trading. See the below image for registration flow on OTC Mobile App.
Sending and Receiving Cryptocurrencies
To send cryptocurrency, sign in to the NMCCX OTC app and click on “Send” tab on the dashboard after selecting cryptocurrency i.e. BTC, LTC, ETH etc. Then enter the “to Address” and quantity you want to send and then submit it. You will receive an OTP for confirmation of this transaction. Enter the OTP and proceed. Your request for sending cryptocurrency is placed successfully and the receiver will receive cryptocurrency within 1–2 working days (depending upon the blockchain network congestion. See below image:
To receive cryptocurrency, user has to sign in to the NMCCX OTC app. Then go to dashboard and click on “Receive” tab after selecting cryptocurrency i.e. BTC, LTC, ETH etc. There you will see your wallet address and QR code for the same. You have to copy the address and paste it on the wallet/application from where you are sending cryptocurrency to your OTC address. After you paste the address on the wallet, you will receive cryptocurrency to your OTC wallet address. See below image for reference :
