4 clever crypto scams to beware — Dubai OTC trader Amin Rad By Cointelegraph


4 clever crypto scams to beware — Dubai OTC trader Amin Rad

Aminhossein Amin Rad runs an over-the-counter trading desk in Dubai, United Arab Emirates. Searching for a business after dropping out of university, he started to style himself as a broker in 2016. Starting with his first deal after five months of wading through scammers and tire-kickers, Rad went on to found Crypto Desk, a business-to-business exchange that now deals millions of dollars of private crypto transactions among its 2,500 clients every day.

But why do people use OTC desks when centralized exchanges offer lower fees, and what dangers come with the business? Rad spills the beans on a sector of the crypto world that flies under the radar for most retail traders.

Dubai OTC trader Amin is Rad by name and nature.

The devil is in the deal-tails

Amin Rad, CEO of Crypto Desk, is at home in his office in downtown Dubai. Photo by Elias Ahonen.

Third-party scam

Fake crypto coin scam

OpenSea offers on an NFT listed for 121.95 ETH note the currency! Screenshot by Elias Ahonen

Transfer recall scam

Wallet import scam

The workings of an OTC desk

Journeys scribe Elias Ahonen visits Crypto Desk in Dubais downtown and just happens to have a copy of his book Blockland on hand!

Continue Reading on Coin Telegraph



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4 clever crypto scams to beware — Dubai OTC trader Amin Rad

Aminhossein Amin Rad runs an over-the-counter trading desk in Dubai, United Arab Emirates. Searching for a business after dropping out of university, he started to style himself as a broker in 2016. Starting with his first deal after five months of wading through scammers and tire-kickers, Rad went on to found Crypto Desk, a business-to-business exchange that now deals millions of dollars of private crypto transactions among its 2,500 clients every day.

But why do people use OTC desks when centralized exchanges offer lower fees, and what dangers come with the business? Rad spills the beans on a sector of the crypto world that flies under the radar for most retail traders.

Dubai OTC trader Amin is Rad by name and nature.

The devil is in the deal-tails

Amin Rad, CEO of Crypto Desk, is at home in his office in downtown Dubai. Photo by Elias Ahonen.

Third-party scam

Fake crypto coin scam

OpenSea offers on an NFT listed for 121.95 ETH note the currency! Screenshot by Elias Ahonen

Transfer recall scam

Wallet import scam

The workings of an OTC desk

Journeys scribe Elias Ahonen visits Crypto Desk in Dubais downtown and just happens to have a copy of his book Blockland on hand!

Continue Reading on Coin Telegraph

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