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Author Topic: What is OTC trading? Why should I choose OTC?  (Read 119 times)
Henri Cartier
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June 28, 2019, 11:19:53 AM
 #1

I was reading that only the crypto miners who have a lot of cryptocurrencies can do OTC trading. I am not a miner nor I have more cryptocurrencies. I am still a beginner who started trading recently. If I want to start OTC trading how and where I can do?

  • What amount of cryptos do I need to start OTC trading?
  • Which all exchanges supports OTC trading?
  • What are the problems with OTC?

Please suggest me whether I can do OTC trading as a beginner in crypto trading?

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June 28, 2019, 11:33:52 AM
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 #2

OTC stands for Over The Counter trades, and it is used when individuals want to keep their transactions private. It is not a trading strategy, where one profits from, but an agreement between two or more individuals.

There is no specific amount range. People still trade with large amounts on the open market, OTC is needed when you want to keep the transaction covert, possibly to avoid influencing the market price.

Not all exchanges support OTC trades, check the options available on the exchange of your choice.

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June 28, 2019, 01:12:40 PM
 #3

To answer your second question, here are some of the popular exchanges that supports OTC trading:
Kraken
HitBTC
Coinbase
Huobi
Binance
Bittrex
Bitfinex

It is a growing list and you can search more over the internet.

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June 28, 2019, 03:08:23 PM
 #4

The weighted majority of BTC transactions are traded OTC, I have contacts that tell me numbers that are totally scary. I’m aware of a recent trade for over 10K btc.. institutional money is here

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June 29, 2019, 03:34:43 AM
 #5

The weighted majority of BTC transactions are traded OTC, I have contacts that tell me numbers that are totally scary. I’m aware of a recent trade for over 10K btc.. institutional money is here
So technically, those amounts weren't be able to affect the market.
Like if someone bought 10k btc in a regular exchange then that could result for some pump. So why people trying to avoid to influence the market when in fact it can lead to profit?

I use this provider to trade Cryptos : Bitcoin Revolution
Henri Cartier
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June 29, 2019, 05:28:12 AM
 #6

OTC stands for Over The Counter trades, and it is used when individuals want to keep their transactions private. It is not a trading strategy, where one profits from, but an agreement between two or more individuals.

There is no specific amount range. People still trade with large amounts on the open market, OTC is needed when you want to keep the transaction covert, possibly to avoid influencing the market price.

Not all exchanges support OTC trades, check the options available on the exchange of your choice.

Thanks for your explanation on OTC. I have a few queries on this. If there is no profit from OTC trading, then why do people still choose this trading strategy? How OTC can be used to keep the transactions secretly and also to avoid influencing the market price? But this trading method is not anonymous as per my knowledge, then how they can keep their transactions secretly? Please correct me if I am wrong.

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July 01, 2019, 06:41:56 AM
 #7

Well, if you do not have too much crypto then it would be way too much work for way too little income. Miners do it because they do not want to disturb the market since all of their money combined could destroyed the market in a single second if they sold all of it at once.

However, they do over the counter for a bit cheaper than the market price and the buyer sells it slow by slow to market without disturbing it and makes their profit. Hence if you would like to do it there are options like localbitcoins.com where you can go and buy for cheaper than market price but even the transaction itself could cost you the difference between cheap OTC price and regular price so it wouldn't make any sense. I would suggest sticking with exchange since in the end there is a reason why rich people do OTC.


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July 05, 2019, 04:31:09 AM
Last edit: September 16, 2019, 02:29:25 PM by Rose_btc
 #8

I was reading that only the crypto miners who have a lot of cryptocurrencies can do OTC trading. I am not a miner nor I have more cryptocurrencies. I am still a beginner who started trading recently. If I want to start OTC trading how and where I can do?

  • What amount of cryptos do I need to start OTC trading?
  • Which all exchanges supports OTC trading?
  • What are the problems with OTC?

Please suggest me whether I can do OTC trading as a beginner in crypto trading?


OTC trading is a deal that happens directly between 2 interested parties. Basically, the miners are the sellers of OTC and the institutional investors are the buyers.

If you have a noticeable amount of cryptos, then you can do OTC Trading by looking for the exchanges which has high liquidity. Also, if you want to protect your identity and keep the deal anonymous then skipping the services of major exchanges would be better and purchase directly from counterparty is a nice way.

When you trade anonymously, you always have to be careful with the trader on the other side and beware of suspicious transactions.

I think I have answered all your queries. Smiley
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July 06, 2019, 09:50:38 PM
 #9

Many crypto exchanges support OTC trading. Polyx.net too.
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