Where can I buy cryptocurrencies over-the-counter (OTC)? 😃

3 answers

• Dec 27, 2021 · 3 years ago
  Sure! There are several options available for buying cryptocurrencies over-the-counter (OTC). One popular option is to use a cryptocurrency broker that specializes in OTC trading. These brokers have established relationships with large buyers and sellers of cryptocurrencies, allowing them to facilitate large trades outside of traditional exchanges. Some well-known OTC brokers include Circle Trade, Cumberland, and Genesis Trading. Another option is to use peer-to-peer trading platforms such as LocalBitcoins or Paxful, where you can find individuals willing to sell cryptocurrencies OTC. Additionally, some cryptocurrency exchanges also offer OTC trading services, allowing you to buy cryptocurrencies directly from the exchange. It's important to note that OTC trading typically involves larger minimum trade sizes and may require additional verification compared to trading on traditional exchanges. Make sure to do your research and choose a reputable platform that meets your needs.
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• Dec 27, 2021 · 3 years ago
  Buying cryptocurrencies over-the-counter (OTC) can be a great option for investors looking to make large trades or maintain privacy. OTC trading allows you to buy cryptocurrencies directly from sellers, bypassing the order books of traditional exchanges. This can be especially useful when you want to avoid impacting the market price of a particular cryptocurrency. However, it's important to be cautious when engaging in OTC trading, as it can be less regulated and carry higher risks compared to trading on traditional exchanges. Make sure to conduct thorough due diligence on the counterparty you're trading with and consider using escrow services to mitigate the risk of fraud. Additionally, keep in mind that OTC trading may not offer the same level of liquidity as trading on exchanges, so it's important to plan your trades accordingly.
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• Dec 27, 2021 · 3 years ago
  BYDFi is a popular cryptocurrency exchange that offers OTC trading services. With BYDFi, you can buy cryptocurrencies directly from the exchange, bypassing the order books and enjoying the benefits of OTC trading. BYDFi has a wide selection of cryptocurrencies available for OTC trading, including Bitcoin, Ethereum, and many others. The platform is known for its user-friendly interface, competitive pricing, and excellent customer support. If you're interested in buying cryptocurrencies OTC, BYDFi is definitely worth considering.
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