Our ‘over-the-counter’ (OTC) desk is generally for high net-worth individuals and institutional firms looking to buy or sell large quantities of Cryptocurrency.At BC Bitcoin we have uncapped Cryptocurrency buying power & unique partnerships with a range of exchanges, Dark Pools & OTC desks.
BC Bitcoin is a retail, corporate and institutional Cryptocurrency brokerage who specialise in high value transactions. We are based in the UK and have access to deep pools of liquidity and fast execution.
Our OTC desk is an ideal solution for institutions and experienced traders looking to execute large Bitcoin orders. The perfect place for experienced investors and organisations that do not need guidance in the Cryptocurrency market.
WHAT IS AN OTC TRADE?
If you are looking to purchase large amounts of coins at a discount, we will look to match you up with a suitable counter party and transact in a safe method, as demonstrated in the diagram below:
As one of our OTC desk clients, you will have access to our experienced team of brokers who will be on hand to guide you through the process. Our onboarding process provides clients with the ability to transact seamlessly once approved.
We have long-standing relationships with various liquidity providers, exchanges and other OTC brokers, so we can provide competitive pricing, even on large volume orders.
HOW DOES AN OTC TRADE WORK?
An OTC trade can be transacted in many ways, depending on client's individual requirements and needs. Here are some examples of commonly used OTC processes:
Escrow verifies the Proof of Funds and Proof of Coin from the 2 parties.
Contracts with the terms of the trade are drawn up and agreed.
Buyer sends the funds to the Escrow.
Seller sends the Bitcoin to the buyer.
Once confirmed, Escrow releases the funds to the seller.
Bank transfer MT103 – 202 / 72
Seller requires an initial Letter of Intent from the Buyer.
Proof of Funds / Proof of Coin are exchanged.
KYC/AML Due diligence carried out by both parties.
Irrevocable Master Fee Protection Agreement agreed and signed.
Purchase Agreement agreed and signed.
Buyer sends funds to Seller *with a 202/72 clause as per contract.
Seller receives funds and releases Bitcoin to Buyer.
In both examples listed above, transactions are usually commenced by an initial test transaction followed by tranches of between 1,000 - 10,000 Bitcoins per day, as per the Purchase Agreement until the initial contract amount is exhausted.
We always recommend that our clients use a method that they are happy with and that they engage a good law firm to oversee the transaction and ensure that all relevant documents are reviewed and approved accordingly.
WHY? AN OTC TRADE
An OTC trade is an ideal solution for institutions and experienced traders looking to execute large Bitcoin orders without slippage.
We can also execute smaller quantity orders by on-boarding with one of our counter parties. Transactions can also be completed on a 'Price on Request' basis.
As one of our OTC desk clients, you will have access to one of our experienced team of brokers who will be on hand to guide you through the process.