Bitaigen Research Zhaobi is a digital‑currency exchange headquartered in Hong Kong, launched in December 2017. It offers spot and OTC (over‑the‑counter) trading, and incorporates blockchain‑based asset notarisation as well as a Bluetooth hardware cold‑wallet for enhanced security.
In this article we outline Zhaobi’s core positioning and security architecture, provide a step‑by‑step walkthrough of its OTC buying and selling processes, and share practical tips to help investors get started quickly while avoiding common pitfalls. If you want to learn how the platform’s unique blockchain notarisation and hardware cold‑wallet improve asset safety, keep reading.
What kind of exchange is Zhaobi?
Zhaobi.com (find‑coin network) is based in Hong Kong and claims to be the first digital‑currency exchange built on a blockchain‑level infrastructure. The platform went live in December 2017 and features a low‑latency, high‑concurrency core trading engine. All deposits and withdrawals, transaction timestamps, and operation histories are recorded on‑chain in real time, ensuring that the data cannot be altered and thereby raising overall security.
The exchange also provides a proprietary Bluetooth hardware cold‑storage wallet that holds the private keys for major assets such as BTC, ETH, LTC, BTY and others. Large balances can be kept offline to prevent private‑key theft through network attacks; the wallet also includes a mnemonic‑seed recovery function to avoid loss of assets due to hardware damage or forgotten passwords.
Key features of the Zhaobi trading platform
| Feature | Description |
|---|---|
| **Blockchain asset notarisation** | Encrypted data, dynamic identity verification and multi‑level risk detection to safeguard transactions |
| **Secure wallet storage** | Private keys stored on a Bluetooth SIM card and offline hardware wallet, raising protection levels |
| **Dedicated customer support** | Professional support team provides one‑on‑one assistance and answers user inquiries |
How to conduct OTC trades on Zhaobi?
1. OTC buying
- Log in to zhaobi.site and click C2C Trading on the homepage. At present the platform only supports USDT paired with CNY (Chinese yuan) for fiat‑currency trades. If you have questions, contact the live‑chat support.
- For first‑time OTC users, click Buy to open the personal‑information completion page, and follow the prompts to fill in accurate details step by step.
- After completing the information setup, select the trading pair, payment method and counter‑party (merchant), enter the purchase amount and quantity, and click Buy to submit the order.
- Once the order is generated, pay the seller using the method they provide (Alipay, bank transfer, or WeChat Pay). After payment, must click Paid. The seller will release the crypto assets within the order’s validity period. The purchased tokens will appear in the OTC Assets section; you need to transfer them to your spot‑trading account before you can trade them on the exchange. Order details are viewable under Order History.
Note: After a successful payment, do not click Cancel Order; if you have not yet paid, do not click Paid.
- If the seller does not release the crypto after you have paid, you can click File a Complaint on the order page, provide your contact information and a reason for the dispute. The assets will be frozen during the complaint process, and a dedicated specialist will intervene until the issue is resolved.
2. OTC selling
- Before you can sell OTC, you must transfer the digital currency from your spot‑trading account to your fiat‑currency account. Click Transfer to move the assets.
- After the transfer, click Sell, choose the payment method and counter‑party, enter the amount and quantity you wish to sell, and place the order. The platform will lock the corresponding crypto assets. Once you receive the buyer’s payment, click Release to transfer the assets to the buyer’s account and complete the trade.
Tip: The merchant’s account must maintain at least CNY 50,000 (approximately USD 7,000) in assets; otherwise the fiat‑account transfer function will be restricted.
Risk warning: When conducting OTC trades, whether you are dealing with a merchant or an individual counter‑party, always verify the actual amount received in your bank account (or via SEPA/SWIFT for non‑CNY transfers) before releasing the crypto. Do not rely solely on SMS notifications, as doing so could lead to unnecessary losses.
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Additional global‑market notes
- For users located in the United States, Zhaobi’s services are not directly available; U.S. residents should use Binance.US or another regulated U.S. platform for comparable OTC functionality.
- The fiat side of the platform currently supports only CNY and USDT. International users typically convert CNY to USD via SEPA, SWIFT, or other cross‑border payment channels before proceeding with OTC trades.
- Crypto‑related gains may be subject to taxation in your jurisdiction. Please consult a tax professional to understand reporting obligations in your country or region.
The above provides a comprehensive overview of Zhaobi’s platform and its complete OTC trading workflow. For more in‑depth information about Zhaobi, stay tuned to future articles from Bitaigen.
Related Reading
- RED APPLE Exchange – Secure US Digital Currency Platform
- Crypto Wallets Explained: Ownership, Access & Cross‑Chain
- OTC Bitcoin Trading: Institutions Opt for Large‑Volume Deals
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