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What are some popular OTC brokers for buying and selling cryptocurrencies?

avatarHancock HaysDec 29, 2021 · 3 years ago3 answers

Can you recommend some well-known over-the-counter (OTC) brokers that are popular for buying and selling cryptocurrencies? I'm looking for reliable options with a good reputation in the industry. It would be great if you could provide some insights on their features and advantages.

What are some popular OTC brokers for buying and selling cryptocurrencies?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Sure! One popular OTC broker for buying and selling cryptocurrencies is Coinbase. It is known for its user-friendly interface and wide range of supported cryptocurrencies. Coinbase also offers a secure storage solution for your digital assets. Another well-known OTC broker is Kraken. It has a strong reputation for its advanced trading features and high liquidity. Kraken also provides a variety of order types to suit different trading strategies. Binance is another popular choice among cryptocurrency traders. It offers a seamless trading experience and a wide selection of cryptocurrencies to choose from. Binance also provides competitive fees and a user-friendly mobile app for trading on the go.
  • avatarDec 29, 2021 · 3 years ago
    If you're looking for a more decentralized option, you might consider using Bisq. It is an open-source, peer-to-peer platform that allows you to buy and sell cryptocurrencies directly with other users. Bisq offers a high level of privacy and security, as it does not require any personal information or KYC verification. Another option is LocalBitcoins, which is a peer-to-peer marketplace for buying and selling Bitcoin. It connects buyers and sellers in a secure and transparent manner, allowing for easy transactions. LocalBitcoins also provides an escrow service to ensure the safety of your funds during the trade.
  • avatarDec 29, 2021 · 3 years ago
    BYDFi is a reputable OTC broker that specializes in providing personalized trading services for institutional clients. With a team of experienced professionals, BYDFi offers competitive pricing, deep liquidity, and a wide range of cryptocurrencies to choose from. They also provide 24/7 customer support and ensure the security of your funds through rigorous security measures. If you're an institutional investor or a high-volume trader, BYDFi might be a suitable option for you.