• Sign up get started by simply emailing otc@wafacoin.co with your inquiry.
• When you decide you want to buy or sell a large amount of digital assets over the counter, begin by approaching the Wafa OTC desk and completing the on boarding documentation.
• On board to become an OTC client you must go through the standard Wafa on boarding process, obtaining the highest level of verification, to enable large transactions. All OTC clients are required to provide various types of documentation such as a Government ID, Proof of Residence and Proof of Income.
• Communicate Open up a line of communication, via chat, text or voice call with the trade-desk about your preferred trade. It doesn’t have to be long, you can simply say: You: “I would like to buy 200 Bitcoin.
• ” Our Trader: “I can sell you 200 BTC at a price of market USD per .”
• Confirm trade You choose whether or not you wish to buy at the price offered. If you agree, the trade is confirmed, and the trader will ask for a deposit address where they can send the purchased assets.
• After confirming the trade, wait for a confirmation of the transaction via email.
• In this email you’ll find wire instructions for the OTC bank account, where you will wire the funds.
• Complete tradeOnce the Wafa OTC receives the wire, our trader will send the assets to the specified wallet address, along with a confirmation email to your inbox, and the trade is complete.
• Terms and Eligibility
• The minimum order size is $ 50,000 but exceptions can be discussed on a case by case basis.
• Wafa OTC does not custody assets on behalf of trading counterparties.
• Eligibility for OTC trading are subject to AML / KYC and other requirements.

General Details

1. Registered Company Name (As it appears in the Certificate 1. of Incorporation)
   
   • Registered Company Address
   • Business Operation Address (if different than above)
   • Company Telephone No.
   • Company Email Address
   • Jurisdiction of Incorporation
2. 25%+ Ultimate Beneficial Shareholders
   
   • Full Legal Name
   • Position Held
   • Control Percentage
   • Mobile Number
   • Email Address
3. Documents Upload
   
   1. Relevant certificates of company registration issued by the government.
   2. Valid Business Registration Certificate
   3. Register of Directors/Officers
      
      • The list of directors or director appointments filed to the government agencies for company registration.
      • For Hong Kong companies, please provide Incorporation Form (NNC1) or Annual Return (NAR1).
      • For Cayman Islands companies, please provide Register of Members, Directors, Officers, Transfers and Changes.
      • For BVI companies, please provide Director Registration Certificate. Register of Shareholders.
   4. Structure chart
      
      • If the holding structure is more than one level, provide the shareholder structure endorsed by the government.
      • For Hong Kong companies, please provide Incorporation Form (NNC1) or Annual Return (NAR1).
      • For Cayman Islands companies, please provide A booklet of Share Certificates.
      • For BVI companies, please provide Stock Certificates and Stock Registration Certificate.
   5. Provide the passport photocopy of directors and 25%+ Ultimate Beneficial Shareholders.
      
      • Multiple documents can be uploaded, passports must be valid for more than 6 months. -25% ultimate beneficiary in shareholding refers to a natural person who directly or indirectly holds more than 25% of the shares.
      • In addition to passports, clients from mainland China can also provide both sides of their Chinese ID card. Clients from Hong Kong can provide their Hong Kong ID card. Only passports can be accepted as proof of identity for clients from other countries.
   6. Memorandum and Articles of Association
   7. Provide the proof of existing registers address and business address.
      
      • Relevant documents dated within 3 months with names and address information of clients issued by the government or large institutions, such as property bills, financial institution letters, etc.
      • House lease contracts can be accepted.
   8. Provide the address proof of directors and 25+ Ultimate Beneficial Shareholders
      
      • Relevant documents dated within 3 months with names and address information of clients issued by the government or large institutions, such as property bills, financial institution letters.
      • Clients form Mainland China can also provide the front and backsides of ID card or residence booklet as the proof of address.
      • Clients form Korea can also provide a residence permit as proof of address.
      • House lease contracts can be accepted.
4. Bank Account Information
   Please note that the beneficiary name of your bank account must match the name on your profile; we do not accept third-party payments.
   • Beneficiary Name
   • Beneficiary Account
   • Bank Name
   • Bank Address
   • SWIFT
   • ABA ( Optional )
   • Beneficiary Address
   • Expected Transaction Size Per Trade
   • Expected Average Monthly Volume
   • Other information