BitVelocity OTC Desk

The over-the-counter (OTC) Service is for those who want to execute orders of large volume, but do not want to place them on the public exchange which can cause big price disruption. By using our OTC desk, customers can directly engage with other BitVelocity traders and aid transaction of specific details of their interest. We offer liquidity and a private service to institutions and to individuals of high net-worth looking to conduct large orders.

Here is how our OTC process works:

• Client receives the contract, and KYC is performed.
• User sends the deposit to our company account (Euro, USD, GBP and BTC accepted).
• Once funds hit the company accounts, client confirms the intent to trade.
• Price is communicated to user (via f2f or a secure communication).
• Client provides the wallet address, confirms the price and volume, and replies with the text "done".
• Trade is successfully executed, and funds are credited into user wallet or account.
• For buying BTC, successful confirmation can take between 15 minutes to hours. It is important to note that in some exceptional cases it may take up to 24 hours.
• For selling, funds would hit user account depending upon location and the type of payment used, It could be either instant or take up to 5 working days.