OTC now available on CoinDeal
What is OTC?
OTC is nothing more than an over-the-counter market. It is an ideal solution for traders who want to execute large orders with the certainty that the transaction will not cause a sudden increase or decrease in the price of coins, and thus will not expose other traders to losses.
What does OTC give you?
♦ liquidity - sometimes the market just doesn't have the amount of crypto you want to buy.
♦ price - after receiving an OTC offer you can be sure that the price will not change and you will get exactly the number of cryptocurrency that corresponds to the price you see. We make sure that our prices are always competitive. Therefore, even if the price is slightly higher than the current lowest in the market, you receive a flat rate no matter how big your purchase is and you do not have to worry about overpaying (e.g. because the market is not able to meet your needs).
♦ anonymity - for many it is still the main reason for actions in the crypto world. If you are in need of a quick sale of your savings in cryptocurrencies and you want to remain as discreet as possible, then OTC is just for you.
♦ 0% fee - CoinDeal does not charge any additional fees for this service and the transaction spread is no more than 0.7%.
♦ immediate availability - funds will be added to your CoinDeal wallet within minutes.
What else is important?
Over-the-counter (OTC) transactions are not concluded between users but between a user and an external liquidity provider via Coindeal.
Your transactions do not affect the market price (so don't worry that a large purchase will change the market and its liquidity).
You can make a single transaction from 0.001 BTC and up to 5 BTC.
You must have a Premium account with CoinDeal in order to use our OTC service.
Our goal is to provide such cryptocurrencies as BTC, ETH, LTC, XRP, BCH, EOS, and fiat: EUR, USD, GBP, CAD. In the beginning, OTC is available in EUR/BTC pairs.
How to use the OTC service:
1. Go to the OTC website here
2. Specify whether you want to buy or sell the selected cryptocurrencies
3. Enter the amount
4. Press the "Request a quote" button
5. The offer will appear immediately and you will have 10 seconds to decide whether you want to accept it or not.
If you would like to offer us a new pair or trade for more than 5BTC, simply contact our support.