privately and one on one.
What Is OTC (Over-the-Counter) Trading?
trade assets:
➊Via Exchange
When you trade assets on an exchange, (say Binance or the Kraken) the exchange acts as a go-between in the trade by connecting a buyer to a seller. Each party hands their funds over to the exchange, and the exchange, after taking their cut, doles out the funds.
➋OTC (Over-the-Counter)
Takes place between two parties directly, without any exchange acting as a mediator.
Sign upIn over-the-counter trading, an OTC desk conducts the trade with you directly, in private, and one on one. Rather than interacting with an exchange UI, in an OTC trade, you interact with a trading desk over the phone, email, or instant message to open and settle your trades.
On an open exchange, buyers post bids and sellers post asking prices. When an ask matches a bid, the exchange facilitates the trade. Trading happens in the open and the prices are set by supply and demand.
Who Is OTC Cryptocurrency Trading For?
— Typically, anyone who wants to trade
a large amount of cryptocurrency.
Example:
Say you want to buy 100 Bitcoins. If you were to try to do so on an exchange, odds are you would never be able to find a single buyer looking to offload that much. You’d therefore have to make a series of smaller trades, likely on several different exchanges to eventually acquire your 100 Bitcoins. It would be a lengthy and costly process.
An OTC desk handles the logistics of acquiring whatever asset you want to buy so you don’t have to concern yourself with it. You say you want 100 Bitcoins, we agree on a price, then it’s up to us to figure out how to get the bitcoins.
OTC trades also provide privacy. No one but you and the OTC desk is privy to the price and volume of the trade.
Dealing with an OTC desk directly also means you’re interacting directly with the other party in your trade. You get more personal service.
OTC trades also prevent large trades from affecting the prices of a particular asset on the open markets. Because no one knows the trade took place, the overall market is not affected.
Why trade
OTC with Deck
Labs?
➊High liquidity
Whether you are an individual trader with high net-worth, an institution, or another OTC desk, we can execute your trade discreetly, securely, and at a highly competitive rate.
➋Privacy
We offer personal and confidential service by phone, text, email, or instant message to allow you to make quick, secure trades whenever and wherever you want.
➌Numerous trading pairs including altcoins and stable coins
We accommodate numerous trading pairs including both crypto/crypto and fiat/crypto.
➍Personalized service
With Deck Labs, there is no third party between us and you. There is no need to create a wallet and no need to wait for blockchain transactions. The assets are moved into your account manually by a member of our trading team.
Deck Labs
Advantages
➊One-on-one service
Advanced traders deserve advanced service. If you’re making a large trade with Deck Labs, you can expect personalized, one-on-one service from onboarding to pricing to trade settlement.
➋Communicate your way
Deck Labs makes it easy for you to communicate directly with your trader however and whenever is convenient for you. We’re available by: Phone, Text, Email, Instant message via the app of your choice,
support ticketing
➌Numerous trading pairs
Deck LAbs offers a growing list of trading pairs both crypto to crypto and fiat to crypto. If you have it or want it, odds are we can trade it for you.
➍Fast quotes
Our rapid pricing guarantee means you’ll get your quote as quickly as possible, typically within minutes. Deck Labs is dedicated to eliminating delays.
➎Rapid settlements
We pride ourselves on quick turnaround times because we understand the value of speed in business. Once you agree to our quote, you can expect to settle your trade ASAP, typically within minutes.
➏A seamless user experience
Start to finish our trade process is designed to be personalized, fast, secure, and private. You’ll enjoy a seamless, hassle-free experience from contact to deal closure.
➐Low risk
Trading with Deck Labs carries exceptionally low risk. Your assets stay in your account throughout the process until we’re ready to settle. There is minimal delay between when you pay and when you’re paid.
How it works?
each other:
➊Signup
Get setup on Deck Labs by sending an email to otc@decklabs.io That’s it. Just let us know you’d like to buy or sell digital assets and we’ll begin the onboarding process.
➋Onboard
We have a standard onboarding process for becoming an OTC client, which allows us to guarantee security for both you and us when conducting large transactions.
All Deck Labs clients are required to provide documentation including a government-issued ID, proof of address, and proof of income.
know each other:
➊Contact us
Once you’re onboarded and ready to make a trade, contact us via phone, chat, text, or instant message.
For example, you say, “I would like to buy 5 Bitcoin” and we reply as soon as possible to say, “I can sell you 5 BTC at a price of $57,000 USD per Bitcoin.”
➌Complete your trade
Once we receive your payment, we will send your funds to the wallet address or bank account you specified as well as a confirmation email to you. The trade is complete.
➋Confirm your trade
If you agree on the price, the trade is confirmed. Your Deck Labs trader will request a wallet address where they can send the purchased coins or a bank account for fiat currency transfers.
If you are purchasing crypto with fiat funds, we’ll send you a bank account where you will wire the funds. If you’re trading crypto, we’ll send you a cryptocurrency wallet address.
➌Complete your trade
Once we receive your payment, we will send your funds to the wallet address or bank account you specified as well as a confirmation email to you. The trade is complete.