Trusted OTC Crypto Trading Platform
There are several OTC crypto trading platforms out there. But how do you choose the best one for your needs? In this article, we’ll discuss which are the most reliable and why. Read on to find out! Listed below are some of the top OTC crypto trading platforms. The following list has been created to help you choose the best one. We recommend CoinSpot, Swyftx, NextHash, and Circle Research.
Most people buy cryptocurrency with a credit or debit card, but there are problems with these methods. The fees can be quite high, up to 10%. In addition, most banks and credit card issuers still view cryptocurrency transactions as suspicious, which can lead to closed accounts. Furthermore, credit card companies in some countries automatically reject users if they make transactions using their cards. Moreover, it is not legal to withdraw money with a credit card in such a situation.
While OTC markets have their benefits, they are not as easy to use as conventional exchanges. They require a broker and a counterparty. However, they’re a great choice for large-scale buyers and sellers as they’re often not listed publicly. OTC trades offer greater privacy than regular exchanges, which makes them particularly attractive for high-net-worth individuals. But how can you choose the best OTC crypto trading platform for your needs?
Decentralized OTC crypto exchange
Regardless of which broker you choose, make sure that you trust them and their on-boarding process. OTC brokers have similar on-boarding processes and require customers to register as a “KYC” to ensure they are trustworthy and don’t facilitate money-laundering. You’ll also be asked to provide some information about the type of cryptocurrency you’re looking to buy or sell. Once you’ve completed the KYC process, you’ll receive an email confirming your account and your login information.
Which is the Most Trusted OTC Crypto Trading Platform?
Coinbase is another popular choice. They have an extensive range of products for traders and institutional investors. Coinbase offers a hassle-free OTC experience and have a dedicated institutional coverage team. Satstreet, a large digital currency brokerage in Toronto, Canada, also has a high security level and is registered with the Canadian National Financial Transactions Agency (FINTRAC).
Swyftx offers excellent service for big orders. It offers 320+ cryptocurrencies and its unique access to global liquidity providers means it can process big orders with minimal slippage. It charges a minimal 0.6% commission and offers a custom fee structure. It is also a registered member of AUSTRAC. It also has offices in Hong Kong and the United States. It provides an excellent service for individuals to trade digital assets.
Kraken’s OTC services are relatively new, with the platform launched in 2013, although their OTC desk did not officially launch until 2018. This OTC desk supports the majority of cryptocurrencies available on the standard exchange. Its listings include Bitcoin, Ethereum, and other popular cryptocurrencies. The OTC desk is open 24 hours a day, and offers personalized one-on-one service. However, it does have a minimum trade size of $100,000.