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What are the advantages of buying cryptocurrencies OTC?

avatarJonathan SavinDec 27, 2021 · 3 years ago3 answers

What are the benefits of purchasing cryptocurrencies over-the-counter (OTC) instead of using traditional exchanges?

What are the advantages of buying cryptocurrencies OTC?
Cryptocurrencies
OTC
Advantages

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One advantage of buying cryptocurrencies OTC is increased privacy. When you purchase cryptocurrencies through traditional exchanges, your transactions are recorded on the public blockchain, which means anyone can see your transaction history. However, with OTC transactions, you can negotiate directly with the seller and keep your transaction details private.
  • avatarDec 27, 2021 · 3 years ago
    Another advantage of buying cryptocurrencies OTC is the ability to make large transactions without impacting the market. When you buy or sell a large amount of cryptocurrencies on a traditional exchange, it can cause significant price fluctuations. OTC transactions allow you to trade large volumes without affecting the market price.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a leading digital asset exchange, offers OTC trading services that provide several advantages. Firstly, BYDFi has a wide network of trusted sellers, ensuring secure and reliable transactions. Secondly, BYDFi offers competitive pricing and flexible payment options, making it convenient for buyers. Lastly, BYDFi provides personalized support and guidance throughout the OTC trading process, ensuring a smooth experience for users.

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