OTC Portal
Trade small and large volumes of cryptocurrencies at competitive rates, with instant payout at Primewyre
Trade small and large volumes of cryptocurrencies at competitive rates, with instant payout at Primewyre
Trade small and large volumes of cryptocurrencies at competitive rates, with instant payout at Primewyre
Block Trades
Place large orders with a minimum amount of 50,000 USDT or equivalent
Competitive Rates
Our trading engine provides you with a custom quote instantly and securely.
Fast Settlement
Execute your trades in seconds without a third-party
Start Trading OTC with Primewyre
If you’re ready to unlock OTC trading with Primewyre, fill out the form below. Our support team will reach out to help you get set up.
OTC Desk FAQs
The OTC (Over-The-Counter) Desk is a service within our fintech app that allows users to execute large trades of cryptocurrencies or other financial assets directly with another party, outside of traditional exchanges. This service provides a more personalized and private trading experience with potentially better pricing and reduced market impact. Users can initiate a trade request, negotiate terms, and complete transactions through the app’s interface.
To get started with the OTC Desk, follow these steps:
- Open the app and navigate to the OTC Desk section.
- Complete the required KYC (Know Your Customer) verification process if you haven’t already.
- Fund your account with the assets you wish to trade.
- Initiate a trade request by specifying the type and amount of asset you want to buy or sell.
- Review and confirm the trade terms with the counterparty.
- Complete the trade once both parties agree on the terms.
Using the OTC Desk offers several advantages:
- Privacy: Trades are conducted directly between parties, offering greater privacy.
- Better Pricing: Negotiated trades can potentially result in better pricing compared to public exchanges.
- Reduced Market Impact: Large trades on public exchanges can move the market price; OTC trades help mitigate this risk.
- Personalized Service: Users receive tailored assistance and support throughout the trading process.
Yes, there are fees associated with using the OTC Desk. These fees vary based on the size and type of the trade. Typically, fees include a service fee for using the OTC Desk and may also include transaction fees based on the specific assets traded. Detailed fee structures can be found in the app under the OTC Desk section or by contacting our support team.
If you encounter any issues or need assistance with an OTC trade, you can reach out to our support team through the following steps:
- Open the app and navigate to the ‘Help & Support’ section.
- Choose the ‘Contact Support’ option and select ‘OTC Desk’ as the topic.
- Describe your issue or query in detail and submit the request.
- Our support team will respond promptly to assist you with resolving the issue or answering your questions.