Through the OTC platform, we can achieve:

1. Buy directly in RMB.

Sell your currency and change it into RMB.

This trading model, commonly known as OTC, is a direct transaction between individuals, with a platform as a guarantee, a bit like Taobao, which specializes in buying and selling bitcoin. However, if you encounter a liar in the transaction, it is still a troublesome thing. Therefore, it is suggested that when choosing a platform, we should not only consider whether to support RMB transactions, but also whether to have Chinese customer service. If the transaction really goes wrong, you can easily contact customer service in Chinese and apply for arbitration.

2. RMB buys and sells other currencies.

Because the current domestic policy prohibits the direct trading of RMB, most currencies in the currency circle cannot be bought and sold directly in RMB. There are three common currencies that can be bought and sold directly in RMB: Bitcoin (BTC), Ethereum (ETH), EOS and USDT. Therefore, in the process of virtual currency trading, we often use USDT as an intermediary. USDT is the legal tender currency of the US dollar, and it is always exchanged with the US dollar at 1: 1, which is equivalent to the US dollar in the blockchain, and the price is relatively stable. Everyone calls it "stable currency". To put it simply: you can think that USDT is equivalent to US dollars.

Therefore, newcomers are new to the coin circle, and it is recommended to directly use the platform of Huobi Professional Station. The registration and identity authentication of mainland users are very convenient, and the website also conforms to the habits of mainland users. At the same time, it can also be used to buy and sell RMB coins in disguised form. Most people will directly convert RMB into USDT before trading in other currencies.

Because of policy problems, Huobi had to split its business into two parts.