OTC trading (meaning ‘over-the-counter') is a business in which two market participants transfer directly (privately peer-to-peer) from one wallet to another (from one bank account to another) after agreeing on the transfer conditions.
These trades are taking place outside of the exchanges and their order books, so it doesn’t affect the depth of the market.
‘White-glove’ level of service
Licenced / regulated service
No additional / hidden fees
Most popular digital assets and fiat currencies available
the quoted transaction price is final
FinchPay is an EU-based virtual assets service provider, registered in Lithuania as a legal entity operating as a virtual currency exchange operator.
The company is regulated by the Financial Crimes Investigation Service (FNTT) under the Ministry of Internal Affairs of the Republic of Lithuania; actual information can be checked through the Lithuanian business registry list of companies that can be engaged in crypto business.
UAB Finch Technologies (“FinchPay”)
He has more than 12 years of experience in the financial sector, including much of his career working in consulting/investment banking in American consulting companies. He knows how to work with the most complex/non-standard client requests
Max S. Korpusov
Chief Business Development Officer
FinchPay supports transactions with the essential digital assets — BTC, popular altcoins (ETH, BNB, XRP, ADA, MATIC, LTC, TRX), as well as the major stablecoins (USDT and USDC in various networks, BUSD and DAI).
The main trading currency for us is Euro, operations in USD are also available. In the future we expect to enable a number of other major fiat currencies — we will inform our clients about it additionally.
Each Client has a personal manager who is in touch with them through authorized channels of communication. There are two possible ways of carrying out transactions:
1) a Client makes a request for an asset of interest via the authorized communication channel — and the manager helps the Client to prepare an Order, then according to the signed Order, a transaction is made in the interests of the Client,
2) (in test mode) the Client gets access to the secure Telegram bot and can make instant transactions via its interface within the agreed limit.
The onboarding procedure implements the 'Know Your Customer' (KYC) principle. Given that we are talking about transactions with money, there are requirements to verify the participants of such transactions - roughly speaking, to ensure that you are you and that the funds for the transaction were obtained legally. As a licensed service, we comply with the regulator's requirements and do due diligence on our clients. We request a standard package of documents (it differs slightly for individuals and legal entities), and after checking it, we can specify some additional details. You can request to start the onboarding process here on the website - we do our best to ensure that onboarding takes at most 1-2 days, but in complicated cases this procedure can take up to a week.
We offer our clients to enter into a standard master sale & purchase agreement for digital assets, within which we can accept orders from clients and make exchange transactions on their behalf. After signing the contract, we conduct the procedure of so-called ‘whitelisting’ for the client’s crypto wallets and check the details of the client's bank accounts — then it is possible to start trading operations.
Once the transaction is completed, FinchPay makes a settlement to the Client’s whitelisted crypto address or confirmed bank account and sends a Trade Confirmation to the Client via the authorized communication channel.
According to the agreement between FinchPay and the Client, an Order and Trade Confirmation is issued for each transaction — this is usually sufficient for banks and tax authorities. FinchPay may also communicate with the Client's bank if necessary to clarify the nature of `the transactions.
Our onboarding team will assist you with every step of the onboarding process