The Best OTC Cryptocurrency Exchanges of 2022

Cryptocurrency

Best OTC Cryptocurrency Exchanges

The Best OTC Cryptocurrency Exchanges will be listed below, as we will see in the coming years. Here are three of them:

Elbaite: Elbaite is the best exchange for P2P trading, with no fees for sellers and 1% for buyers. Unlike other exchanges, Elbaite is a non-custodial marketplace, which means that users buy crypto directly from other traders. Buyers and sellers are protected from fraud and theft with their own private keys. Elbaite uses Blockchain technology to verify the authenticity of coins, which means there is no risk involved for sellers.

Independent Reserve: Among the best OTC Cryptocurrency Exchanges, Independent Reserve is the only exchange with a minimum threshold for trading desk. Independent Reserve’s OTC team consists of experts in the field. Moreover, its crypto assets are stored in geo-diverse data centers. To make things even better, Independent Reserve offers a 50% signup fee rebate. You can try Independent Reserve’s OTC exchange if you’re a beginner in the market.

Decentralized OTC crypto exchange

Coinbase is another exchange with high liquidity. The San Francisco-based company is an OTC cryptocurrency exchange that recently acquired Bit Trade and Circle Trade. The exchange currently supports over 45 cryptocurrencies, including Bitcoin, Ethereum, and Monero. The site offers zero-fee OTC services, but there’s a minimum trade amount of $100,000. With so many options, it’s not surprising that Kraken is the top OTC exchange for large-scale Bitcoin trading.

The Best OTC Cryptocurrency Exchanges of 2022

There are also OTC desks that facilitate purchases and sales of crypto. These exchanges are most useful for whales, who deal in large amounts of cryptocurrency. They enable them to conduct large trades without moving the market. Unlike exchanges, however, OTC desks do not have the ability to make or break a market. Large-scale buying and selling can cause slippage. This is why it is vital to find a trusted OTC crypto exchange.

HiveEx is another reliable OTC exchange. It supports over 60 cryptocurrencies, as well as 13 fiat currencies, and offers OTC trading desk. It is one of the few OTC exchanges that offers 24/7 customer support. The verification process takes less than 24 hours, and HiveEx is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC).

Bitfinex is another cryptocurrency exchange with global reach. It’s based in Hong Kong and has over 600 trading participants. While they all offer the same basic services, quality and safety vary widely. Forbes Digital Assets puts a strong emphasis on regulatory compliance and security when ranking cryptocurrency exchanges. However, it’s worth mentioning that Bitfinex also provides instant liquidity through an OTC desk.

Coinbase is a great place to start investing in crypto. It supports a wide range of assets and has a user-friendly interface. Although it’s not the best place for beginners, it’s the best option for those who are new to investing and trading in crypto. If you’re looking for a low-fee crypto exchange, you’ll want to try out Coinbase and Kraken Pro.

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