Should you wish to buy large quantities of bitcoin, you may want to consider engaging an OTC bitcoin broker to avoid moving the market by placing your orders on exchanges.
In this guide, we will explain what OTC bitcoin brokers are and list reputable bitcoin brokers that you can use.
Who Are OTC Bitcoin Brokers?
OTC (over-the-counter) bitcoin brokers facilitate large bitcoin transactions between trading counterparties in a direct and private manner.
shopping in bulk Bitcoin Trading on crypto exchanges requires a different approach than regular trading. Traditional methods of buying bitcoin through exchanges are not suitable for high volume purchases due to the relatively low liquidity on bitcoin exchanges and the potential for price drops.
OTC bitcoin brokers provide high-net-worth individuals, professional traders and institutional investors with a more discrete and secure channel to buy and sell large quantities of bitcoin (BTC) at the best possible price. These brokers protect their clients from the negative impact on their execution price due to a price drop, which is likely to happen if they trade on one. crypto exchange,
OTC bitcoin brokers leverage a network of counterparties (buyers and sellers) to execute trades and meet the trading needs of their clients.
Patrick Lowry, CEO Cryptology AGtold Cryptonews.com:
“OTC brokers play an essential role in the bitcoin trading ecosystem as they enable professional and institutional investors to buy and sell the digital currency while minimizing the impact of their trades on the execution price. If you want to transfer 100 BTC, For example, a handful of large orders on one exchange will move the market because it will signal that there is a large buy or sell position in town. Using an OTC broker, you will probably place that trade in one or the other with another large counterparty. Will be able to do straight. Two transactions.”
Top 7 OTC Bitcoin Brokers
Now that you know what over-the-counter bitcoin brokers are, let’s look at some of the more popular bitcoin brokers in the space.
bitcoin reserve
bitcoin reserve is an Estonia-based over-the-counter (OTC) trading service that allows you to buy bitcoin (BTC) or bitcoin-related assets worth more than 10,000 USD or EUR. The bitcoin trading service was established in 2018 by a team of global brokerage experts to provide bitcoin enthusiasts a personalized OTC trading experience.
To start trading with Bitcoin Reserve, you need to register for an account. Signing up for a personal account takes up to 5 minutes. Signing up for a corporate account can take up to 48 hours. During registration, you must provide an ID document such as a passport, driver’s license, or permanent residence card.
While you can trade any amount you want, if you transact more than 10,000 USD or EUR monthly, you can enjoy an additional range of services such as personalized communication options and 24/7 on-call services. Can take
Main characteristics:
- established in 2018
- no minimum order size
- Tiered fee structure ranging from (2.99% -0.65%)
- OTC Trading for BTC, Liquid BTC, USDT and Liquid USDT
- Dedicated Customer Support
- web-version only
b2c2
b2c2 is a UK-based crypto OTC broker that aims to provide institutional investors access to crypto by providing reliable liquidity. Founded in 2015, the crypto trading platform utilizes its proprietary software and innovative OTC solutions, including spot trading for the most liquid crypto and fiat currency pairs, institutional-grade derivative products, structured loans and other products.
B2C2 prides itself as the crypto liquidity partner of choice for a myriad of institutions. To access B2C2 crypto OTC solutions, you need to submit certain details. This information includes your personal details, company name and the nature of the services you seek. Once you submit these details, you will be sent an Onboarding Starter Pack. The pack will outline the relevant KYC and compliance information required to complete the application.
B2C2 allows you to buy and sell anything from small amounts to million-dollar bitcoin blocks. B2C2 customers include exchanges, brokerages, fund managers and banks. The platform does not serve any retail customers.
Main characteristics:
- established in 2015
- Minimum order size of 0.0005 BTC
- Uniform fee of 2% p.a. on long and short positions
- OTC trading in all major cryptos including BTC, LTC, ETH, XRP, BCH, DOT, UST, USDC, LINK, and more.
- Dedicated Customer Support
- web-version only
Cumberland
Cumberland is a Chicago-based crypto company that provides OTC bitcoin trading to investors and institutions to capitalize on new ventures. Launched in 2014 as a subsidiary of DRW, a decade-old diversified trading firm, Cumberland provides a unique trading experience with 24/7 access to client agents. In addition, Cumberland lets counterparties access its electronic suite, which provides real-time, streaming and two-way pricing, as well as an API.
To start trading with Cumberland, you need to go through an onboarding process. Both the individual and institutional process will require you to provide personal information, KYC documents, payment information and more. Once the process is complete, Cumberland will review the details and, if satisfied, will set up your trading account. The minimum size of the instrument you can trade on Cumberland is $100,000.
Main characteristics:
- established in 2014
- Minimum order size is $100,000
- No percentage fee is charged while trading
- OTC trading in BTC and 150+ digital assets
- customer support
- web-version only
falconx
falconx is a Malta-based OTC trading service that relies on data science to offer the best trade execution to clients. Established in 2018, the company operates as a crypto broker and digital asset trading platform. The platform is designed for institutional investors such as hedge funds, payment providers, crypto miners, proprietary traders and more. FalconX has a diverse team with finance and technology backgrounds and has offices in the Americas and Asia.
FalconX provides efficient trade execution for OTC transactions through its platform. Clients can enjoy near 100% uptime and the widest consolidated liquidity. The FalconX electronic system can be configured to trade multiple crypto pairs. The crypto broker also provides credit and treasury management, market making and other services.
To get started with Falcon X, you need to submit your details, specify the unit type, and choose a range of your expected trading monthly volumes. You will also need to state your interest in FalconX.
Main characteristics:
- established in 2018
- customer support
- web-version only
jump trading
jump trading is a Chicago-based proprietary trading firm that operates as an institutional brokerage. Established in 1999, the company continues to be a leader in algorithmic trading, driving its research and quantitative trading approach. In 2018 the company developed an electronic crypto trading platform known as Jump Liquidity. Jump Liquidity allows Jump Trading to provide its counterparties better access to liquidity on a customizable basis.
Jump Trading provides top-class computational capability that guides the data analysis of OTC crypto trades. JUMP acts as a principal trading partner dealing with multiple counterparties through its electronic trading platform or through its Super Streaming API. Crypto Jump, a division of Jump Trading, in providing liquidity and technical expertise to nascent crypto projects and platforms.
To get started with Jump Trading, you simply contact them at the contact email on the site. Alternatively, you can reach their Global Sales team at the email provided at jump liquidity site.
Main characteristics:
- established in 1999
- customer support
- web-version only
satstreet
satstreet is a Canadian-based crypto exchange that works to bring bitcoin to the masses. Launched in 2020, the company aims to bridge the gap between traditional finance and cryptocurrencies. SatStreet relies on industry-leading APIs with smart order routing, and uses local banks for near-instant settlement. SatStreet’s OTC desk allows you to trade a wide range of cryptocurrencies including bitcoin (B T c) and ether (ETH),
To get started on SatStreet, you need to register for a personal or business bank account. Depending on the type of account, you will need to provide KYC and compliance details. Once you submit the relevant data, the platform will take up to 24 hours to set up your account.
You can request a quote from the Private Client Trading Desk and even secure a price once you have funded your account. SatStreet can facilitate bitcoin trades of up to $25,000 – $100,000 for customers in the US and Canada.
Main characteristics:
- established in 2020
- Minimum order size of $25,000
- Competitive trading fees of 1%
- OTC trading in BTC, ETH and other digital assets.
- dedicated customer service
- mobile support
sFOX
sFOX Is a San Francisco-based crypto prime dealer for institutional investors that provides the necessary liquidity and infrastructure to execute large trades. Founded in 2014, sFOX was created to integrate the crypto ecosystem through a single point of access, making it more efficient and aggregated liquidity from various sources. The platform was developed internally as a scalable solution for institutional crypto trading.
To start trading with sFox you need to create an account. Similar to other crypto OTC brokers, you can choose between an individual or business account. Provide the required details, and once the account is verified, you can access the OTC desk.
SFOX enables you to use your account to trade on the centralized orderbooks of the world’s top crypto exchanges. The platform has built-in proprietary execution algorithms and customizable order types required for trading. Furthermore, you can take advantage of intelligent order routing, dark pools and sFOX being a standard prime dealer to hide your large trades from market players.
SFOX offers limits of credit to qualified OTC traders to enable them to execute and complete trades.
Main characteristics:
- established in 2014
- Minimum order size of 100 BTC
- dedicated customer agent
- Android and iOS Compatibility
In addition to the specialized OTC cryptocurrency brokers on this list, several large digital asset exchanges such as Binance, itBit, and Kraken also offer OTC brokerage services to their clients.
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