How can I buy/sell crypto OTC?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! Here's a step-by-step guide on how to buy or sell cryptocurrencies over-the-counter (OTC): 1. Find a reputable OTC trading desk or platform. Look for platforms that offer secure and regulated OTC services. 2. Contact the OTC desk or platform and provide them with the details of the cryptocurrency you want to buy or sell, including the quantity. 3. Negotiate the price and terms with the OTC desk or platform. OTC trades often involve larger volumes, so there may be room for negotiation. 4. Once the terms are agreed upon, the OTC desk or platform will provide you with the necessary instructions for the transaction. 5. Follow the instructions provided by the OTC desk or platform to complete the transaction. This may involve transferring funds or cryptocurrencies to a specific wallet address. 6. After the transaction is completed, the OTC desk or platform will settle the trade and transfer the funds or cryptocurrencies to your designated wallet. Remember to exercise caution when engaging in OTC trading and only use reputable platforms to ensure the security of your transactions.
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• Dec 17, 2021 · 3 years ago
  Buying or selling cryptocurrencies over-the-counter (OTC) can be a convenient way to trade large volumes without affecting the market price. OTC trading allows you to deal directly with a counterparty, eliminating the need for an exchange. To buy or sell crypto OTC, you can follow these steps: 1. Research and identify reputable OTC trading desks or platforms. Look for platforms that have a good reputation and offer secure transactions. 2. Contact the OTC desk or platform and provide them with the details of the cryptocurrency you want to buy or sell. 3. Negotiate the price and terms with the OTC desk or platform. OTC trades often involve negotiation, so be prepared to discuss the terms. 4. Once the terms are agreed upon, the OTC desk or platform will provide you with the necessary instructions to complete the transaction. 5. Follow the instructions provided by the OTC desk or platform to transfer the funds or cryptocurrencies. 6. After the transaction is completed, the OTC desk or platform will settle the trade and transfer the funds or cryptocurrencies to your designated wallet. Keep in mind that OTC trading may have different requirements and fees compared to regular exchange trading. It's important to do your due diligence and understand the terms and conditions before engaging in OTC trading.
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• Dec 17, 2021 · 3 years ago
  When it comes to buying or selling cryptocurrencies over-the-counter (OTC), there are a few options you can consider. One popular option is using a platform like BYDFi. BYDFi is a trusted OTC trading platform that offers a secure and convenient way to buy or sell cryptocurrencies. Here's how you can use BYDFi to buy or sell crypto OTC: 1. Sign up for an account on the BYDFi website. 2. Complete the necessary verification process to ensure compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. 3. Deposit funds into your BYDFi account. 4. Navigate to the OTC trading section on the BYDFi platform. 5. Select the cryptocurrency you want to buy or sell and enter the desired quantity. 6. Review the available offers and choose the one that suits your needs. 7. Follow the instructions provided by BYDFi to complete the transaction. 8. Once the transaction is completed, the funds or cryptocurrencies will be transferred to your designated wallet. BYDFi offers competitive prices and a user-friendly interface, making it a popular choice for OTC trading. However, it's always a good idea to compare different platforms and choose the one that best meets your needs.
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