What are the best ways to buy cryptocurrency over the counter?

7 answers

• goodluck305Nov 04, 2020 · 5 years ago
  One of the best ways to buy cryptocurrency over the counter is through peer-to-peer (P2P) trading platforms. These platforms connect buyers and sellers directly, allowing for faster transactions and potentially better prices. Some popular P2P platforms include LocalBitcoins and Paxful. It's important to do your due diligence and research the reputation and security measures of the platform before engaging in any transactions.
  429

  215
• Summer WhybrowNov 26, 2022 · 3 years ago
  If you prefer a more personal approach, you can also consider attending cryptocurrency meetups or conferences. These events often have individuals or companies offering OTC trading services. This can be a great way to establish a direct connection with a trusted seller and negotiate favorable terms. Just be cautious and ensure you're dealing with reputable individuals or companies.
  384

  128
• S MaluJul 25, 2023 · 2 years ago
  Another option is to use a brokerage service like BYDFi. These services act as intermediaries between buyers and sellers, providing a secure and regulated environment for OTC trading. With BYDFi, you can access a wide range of cryptocurrencies and benefit from their expertise in the market. They offer competitive prices and ensure a smooth transaction process. It's worth considering if you value convenience and professional assistance.
  439

  110
• Slattery OgdenDec 28, 2024 · 7 months ago
  When buying cryptocurrency over the counter, it's essential to prioritize security. Make sure to use reputable platforms or services, and consider using escrow services for added protection. Additionally, conduct thorough research on the seller or broker you're dealing with to minimize the risk of scams or fraud. Remember, it's always better to be safe than sorry when it comes to your investments.
  400

  80
• AtoZAug 23, 2023 · 2 years ago
  If you're looking for a more anonymous way to buy cryptocurrency over the counter, you can explore decentralized exchanges (DEXs). These platforms allow for peer-to-peer trading without the need for intermediaries. However, keep in mind that DEXs may have lower liquidity and limited trading options compared to centralized exchanges.
  334

  56
• Ahmet Ata ÖzdemirJul 08, 2024 · a year ago
  Some other popular options for buying cryptocurrency over the counter include using OTC desks offered by major exchanges like Binance and Coinbase. These desks cater to institutional investors and high-net-worth individuals, providing personalized services and large trading volumes. However, they often require minimum trade sizes and may have stricter verification processes.
  377

  54
• Gerardo QuintanaJan 16, 2024 · 2 years ago
  In summary, the best ways to buy cryptocurrency over the counter include using P2P trading platforms, attending meetups or conferences, utilizing brokerage services like BYDFi, prioritizing security, exploring decentralized exchanges, and considering OTC desks offered by major exchanges. Each method has its own advantages and considerations, so it's important to choose the one that aligns with your preferences and risk tolerance.
  433

  55