I am asking for a friend that wants to do a large transaction to buy BTC, using an OTC.
Please, if you used in the past such services, post them here, including your experience (bad or good).
If you do not want to reveal your SN nym, post it as "anon" please.
I am just gathering some info for my friend.
Will zap each good answer.
Hodlhodl.com and personal contacts, you can have both good and bad experience, depends on the counterparty. But hodlhodl.com adds some safety due to 2-of-3 multisig escrow during the contract.
It have to be more private not in public market listing, due to large amounts.
Almost none of the OTC brokers on the list below are KYC free, as most "OTC Desks" today are just normal exchanges, or miners, etc.
https://cointastical.medium.com/bitcoin-crypto-otc-trading-desks-7f77276c6dc
If you asking about KYC Free, then essentially find a seller on a KYC free P2P and in the chat negotiate for the larger amount, the seller can create a new offer that is hidden to all except you, with your terms (that you had negotiated).
https://cointastical.github.io/P2P-Trading-Exchanges/
Lots of scammers out there ... Caveat emptor.
Thanks, is a good answer.
I don’t have experience with any, but I am curious about the estimated size of the transaction. How much are we talking about? 10 BTC? 100? 1000?
Let's say between 20-50k BTC
It doesn't have to be all at once.
Oh my...
I wish about million sats while Darth is talking about thousands of Bitcoin. We're not the same
hehehe not mine.
Anyway. I'm amazed someone this days except Saylor can afford more than One Full Bitcoin
LOL Saylor is just a small worm man... peanuts.
You have no idea how many others have 10x more than Saylor, from long time ago. Saylor is late to the party, is just taking the crumbs,
well there can't be more than 6 or 7 with 2m+
Xactly. I'm late on this party that's why sometimes I don't believe eyes when read stackerNews
Well done, Darth.
I've done nothing. Just asking for a friend.
👀
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Adding country would be helpful I guess. I know one in India!
Yes, I forgot to mention that. The exchange must accept USD.
Ahh yes need that fiat to make this exchange. I thought dollars were for pussies
friends with pussies are ok
https://m.stacker.news/22842
https://www.coinbase.com/private-client
Jk lol
Does P2P services count as an OTC?
OTC is kind of P2P, but are you able to handle a large transaction?
This is not about 20 bucks, or 1BTC, is about LARGE amount.
Ok then I'm this case I guess P2P option will pose a big threat or at least uncertainty.
These kind of large transactions you can't do them on a P2P exchange and you cannot do them in the street !
These are a serious thing and must be done in total privacy and also to not affect the market price.
Usually are done with brokers or large miners.
Completely agree 💯
I feel like at the moment, HodlHold is the best way to get large amounts of sats. I regularly use it to get my monthly stack after my fiat job pays me.
We are talking about large amount of BTC not sats... like 20-50K BTC.
Hodlhodl is good, but keep in mind some aspects:
This type of txs must be done in private OTC (over the counter) with large providers, not just some plebs with few BTC.
Fair enough, I don't buy in the >1 BTC range.
Selling Bitcoin? Heresy! :)
Edit: my bad, just realised it is to BUY btc
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Very good! Thanks.