Who Uses OTC Crypto?

[Suba]

Over-the-Counter (OTC) trading is a privately held crypto trading platform outside of a crypto exchange. OTC trading is conducted in large amounts ranging from thousands to millions of USD, without an order book. There are two types of OTC transactions we often encounter: Principal Desk and Agency Desk. Principal desks use their own funds to buy crypto and sell it on the market, while agency desks simply connect buyers and sellers with a brokerage fee.

Currently, OTC trading services are widely available on both global and local crypto exchanges. Although I've never engaged in OTC trading, I'm curious to know who can use OTC crypto.

 

[riberet19]

I've never used it, although I've heard a lot about this type of trading, I'd like to try it sometime. Do you know of any reliable OTC sites?

 

[eLdavis]

Haven't used it once, but i have come across some traders who say it's best to avoid it especially if you are a beginner.

 

[Suba]

Nearly all reputable and well-known crypto exchanges offer OTC trading platforms, such as Binance, Kraken, Kucoin, Coinbase Prime, and others. Even if you have an account with an OTC-enabled crypto exchange, you must first contact the OTC desk to provide details about the crypto type, amount, price, and payment method.