Nov 06, · Bitcoin OTC Brokers vs. Trading Platforms The two main options you have for buying large amounts of Bitcoin are OTC brokers (OTC = over the counter) or traditional Bitcoin trading platforms. OTC brokers refer to companies or individuals willing to sell you Bitcoins directly as opposed to an automated trading platform. Bitcoin OTC broker . Feb 13, · To use the OTC trade for Bitcoin, one needs to be a High Net Worth Individual (HNI) or an institution which is willing to buy/sell BTC in huge volumes (at least $, or more). There are special purpose OTC exchanges or brokers from where one can execute an OTC . Dec 24, · The main difference between a regular crypto exchange and an OTC broker is the sum of transactions. OTC Bitcoin market is represented by the exchanges that process transactions worth at least $50,! Some brokers have a $, minimal transaction limit. Pros and cons of OTC trading Operating System: WINDOWS, OSX, IOS, ANDROID.
Btc otc brokerTop Bitcoin OTC Brokers: Trade Large Volumes
When it comes to OTC Bitcoin trading, investors need a higher level of security and transparency. While usual crypto exchanges lack funds and accreditation to perform large-scale crypto transactions, OTC brokers address all those issues and provide safe and profitable transactions.
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For large transactions, it will take some time to search for a counterparty. In some cases, it may turn out that some brokers are not able to ensure the delivery of the necessary crypto amount. Processing of large orders might take a lot of time. High level of security and transparency. When large sums are involved in the game, appropriate security measures must be taken to preserve investor assets. In addition, brokers must comply with the requirements of the KYC and AML policies in order to prevent money laundering and criminal actions.
A limited selection of cryptocurrencies for purchase in large amounts. Only 10 cryptocurrencies have a market cap of more than 1 billion. And the amount of funds participating in the auction is even less. Therefore, for some cryptocurrencies, suppliers simply will not be able to provide the necessary number of coins.
High liquidity. The OTC market provides opportunities to purchase digital assets for a large amount at one price and in one order. In that case, you would need to HODL or just sell it for a lower price range because your huge order has moved the market. To put into perspective look at this chart to understand where the crypto market stands:. Not only you need to be HNI or Institution which is willing to deal in OTC but one needs to be highly experienced to execute such a trade.
If you are not, the brokers or OTC platform that you use will outplay you to make higher profits. You need a verified account on Kraken to use the OTC feature. Since , more players have emerged in this space as cryptocurrencies have really taken off in the last year and a half.
Some more important points to remember if you trade Bitcoin on OTC…. This is a legit risk, and the only way to counter this issue is by working with only those crypto OTC brokers who do proper KYC, and due diligence from both buyer and seller.
In many jurisdictions, OTC broker does accept cash. However, you may be asked to produce proof of funds. Have you done this type of trade before? Do you know any more services that provide OTC trade service for cryptocurrencies?
Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra. He has a background in both finance and technology and holds professional qualifications in Information technology.
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Do you want to buy a large volume of Bitcoin? Do you want to sell a lot of Bitcoin? Read on.. As we all know, there are more ways than one to buy Bitcoins and other cryptocurrencies. Wondering why so? What about money laundering and criminal activity with OTC trading?