13 April 2022
Global operations of Bitcoin OTC markets have exceeded those of regular crypto exchanges. The transaction volume of traded OTC has reached $20 billion per day, and figures are continually growing. Typically, traders turn to OTC desks to avoid the illiquidity of crypto exchanges, slippages, and high fees.
Thanks to its rising popularity accompanied by price and demand swings, Bitcoin is a one-stop-shop place for investors today. And though it might be an unfamiliar landscape for traders used to traditional financial instruments, learning the ropes isn’t complicated. Quite the contrary, those willing to diversify their portfolios can turn to cryptocurrencies to make millions.
So, if you’re investing in a decentralised version of digital cash, you need to know where to start. You might want to procure bitcoins directly or indirectly from traditional brokers or newer upstarts. Now, before you jump in, let’s explore the significance of crypto and how to buy Bitcoin over the counter at a lower commission.
Bitcoin is a unique cryptocurrency used for buying virtual things. Although its origin traces back to 2009, it only became mainstream in 2017 when the crypto craze took off. Digital assets get created or mined using cryptographic computer networking technology. This decentralised network or a distributed ledger called blockchain manages everything related to cryptocurrencies. It monitors every transaction, ensuring the integrity of the assets and safeguarding their ownership.
As a result of the decentralised nature of bitcoins, no central authority, such as banks, need to facilitate trading. Besides, cryptocurrencies are subject to more lenient regulations than stocks and other conventional investment products.
Before you get on the investment train, it’s vital to understand your gains upfront. In short, Bitcoin is an excellent place to start for beginners, but it also appeals to seasoned traders. As the first digital currency, it enjoys an upward trend and features the longest record of transactions.
It’s no surprise that many experts prefer to call Bitcoin “digital gold” because it carries long-term value. More so, cryptocurrencies can be lucrative diversifiers in your overall investment portfolio.
Purchasing Bitcoin can take place through exchanges, stockbrokers, or other owners. Though a few methods are available, each involves different costs, services, currencies, and security levels. Here are the most common ones:
Crypto exchanges are a superior option if you want to buy Bitcoin over the counter. Among other advantages, they take pride in convenient all-in costs for trading. Besides enjoying maximum anonymity, the number of currencies investors can trade is vast. Moreover, trusted exchanges build spread mark-ups in the trading prices and offer secure wallets for cryptocurrency storing. The most popular options include Binance, Coinbase, Nextinger, and Crypto.com.
For large amounts of funds, consider the services of a broker. Due to strict regulations and regular audits, brokers offer high protection levels. Deposit options are also more versatile. However, they are more rigid concerning gains, new cryptocurrencies, and verification.
Prominent names include Robinhood, Interactive Brokers, Webull, and eToro. Most of these options feature a trading app, too. Through it, you can buy bitcoins directly at no commission but be aware of the spread mark-up.
Platforms like PayPal and Venmo have also accepted the challenge and now offer cryptocurrency trading. For instance, PayPal has made it super-easy to buy and sell bitcoins on the same app you have entrusted your online payments. Fees depend on the amount you’re trading, and apart from Bitcoin, you can buy Litecoin, Ethereum, and Bitcoin Cash.
Bitcoin ATMs allow the sale and purchase of digital assets and work exactly like their traditional counterparts. Though you can use cash or a bank card, you may need a Bitcoin wallet to make the transfer. But you’ll pay more fees than with any other alternative, with commissions often exceeding 7% per transaction.
Investors can buy and sell crypto through private deals with OTC trading. Since these transfers occur beyond regular exchanges, no public order book tracks them. As a result, sellers and buyers, particularly ‘crypto whales’ who seek to purchase large amounts, can enjoy enhanced privacy. Another favorable aspect of OTC trade is the lack of slippage when intending to conclude a big deal.
Crypto fanatics believe that half of all trades happen privately. And that the volume of OTC traded digital assets is way larger than regular exchanges. Here’s why:
• Anonymity. When you buy Bitcoin over the counter, order depth doesn’t appear.
• Liquidity. Unlike crypto exchanges, OTC desks boast high liquidity. Investors can purchase significant amounts in short periods with zero slippage.
• Fiat options. Crypto OTC desks support fiat currencies, while some exchanges neglect this alternative.
• Price guarantee. OTC orders don’t change prices even when millions of dollars move on the market.
• No limits. Whatever amount you wish to purchase or withdraw today, you can do it without obstacles.
• Unique tokens. Users can get hold of rare items that aren’t available elsewhere.
NextHash offers deep liquidity and private services to high net-work individuals and large corporations. Whether you choose to trade blocks of 2,000 Bitcoin or $100,000, our OTC desk is available around the clock. We ensure all execution and settlement steps remain secure, discreet, and at competitive prices.
So, why choose us? Nextinger desk members have excelled at reputable financial institutions and amassed profound experience in crypto trading. Our one-on-one personalised service stretches from initial expert consultations through trade execution.
Along the way, we provide you with daily reports, market insights, and expert opinions on current market trends. Our ultimate goal is to build a long-lasting relationship based on trust. Besides OTC crypto assets, the Nextinger exchange supports fiat-to-crypto transfers, too.