What is the best way to buy bitcoin OTC?
Thales P. ScarpatoJan 14, 2022 · 3 years ago3 answers
I'm interested in buying bitcoin over-the-counter (OTC) and I want to know the best way to do it. Can you provide some guidance on the most effective method to buy bitcoin OTC?
3 answers
- Jan 14, 2022 · 3 years agoThe best way to buy bitcoin OTC is to find a reputable OTC trading desk or platform. These platforms connect buyers and sellers directly, allowing for larger transactions and potentially better prices. It's important to do your research and choose a platform with a good reputation and strong security measures in place. Some popular OTC trading platforms include Circle Trade, Cumberland, and Genesis Trading.
- Jan 14, 2022 · 3 years agoIf you're looking to buy bitcoin OTC, one option is to use a peer-to-peer (P2P) trading platform. These platforms connect buyers and sellers directly, allowing for more privacy and potentially better prices. LocalBitcoins and Paxful are two popular P2P platforms where you can find sellers who are willing to trade bitcoin OTC. Just make sure to use escrow services and be cautious of potential scams.
- Jan 14, 2022 · 3 years agoBYDFi is a popular decentralized exchange that offers OTC trading services. With BYDFi, you can buy bitcoin OTC directly from other users without the need for a centralized intermediary. This can provide more privacy and potentially better prices. However, it's important to note that OTC trading on BYDFi may have lower liquidity compared to traditional exchanges. Make sure to do your own research and understand the risks involved before engaging in OTC trading on BYDFi or any other platform.
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