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Are you tired of the limitations that come with traditional crypto exchanges? If so, it may be time to explore the benefits of crypto OTC trading platforms! To help you take your investments to the next level, I will introduce to you the best crypto OTC trading platforms available.

There are some really good options available, including Binance, Coinbase, and Kraken. However, choosing one among so many can be quite an overwhelming task.

That’s why, in this crypto OTC trading platforms review, I'm going to provide you with important facts regarding OTC trading and the platforms that offer this service.

I’ll cover the particular features of each platform, as well as other relevant factors such as security, fees, and the range of supported cryptocurrencies.

So, by the end of your reading, you will be able to choose a platform that is the most suitable for you!

The best crypto OTC trading platforms that will be discussed are:

Let’s get into it!

Best Crypto OTC Trading Platform: What is OTC Trading?

Before we jump straight into the best crypto OTC trading platforms I listed, it's important to make sure you know what OTC trading means. So, allow me to explain it to you.

Essentially, OTC stands for Over-the-Counter trading and it enables traders to conduct direct transactions for buying and selling cryptocurrencies outside of traditional exchanges - for this reason, they are commonly referred to as off-exchange trading.

Unlike exchange trading, which is done on public exchanges with order books and price charts visible to all, OTC trading involves transactions between two parties directly or through the intermediation of a third party, with prices and terms of the trade agreed upon privately.

In the world of cryptocurrency trading, intermediaries in OTC trades are often referred to as OTC desks, with the most prevalent type being the OTC broker. OTC desks typically act as market makers, holding an inventory of assets and offering to buy and sell those assets at quoted prices.

Best crypto OTC trading platform: Crypto charts.

What’s more, these platforms not only intermediate the transactions, but also offer additional services such as market analysis, risk management, and asset custody.

There are many OTC brokers in the market and some of them are included in this crypto OTC trading platforms review, such as Binance and Coinbase. Though, of course, not every OTC trading platform is a broker.

As I mentioned, some of them just provide the space for sellers and buyers to trade directly. This is the case of KuCoin, for example, as this platform offers a Peer-to-Peer (P2P) OTC trading network.

Another important aspect of OTC trading is that, oftentimes, it can be done completely anonymously, meaning that the trades can be conducted without revealing the identity of the parts. Pretty interesting, huh?

Well, it actually gets even better: due to this structure, this type of trading gives more space for direct negotiation of the deal’s conditions, resulting in greater flexibility and quicker settlement periods than traditional exchanges!

Best crypto OTC trading platform: Two man shaking hands.

OTC trading platforms also allow traders to buy or sell larger amounts of cryptocurrency without the risk of slippage or significant price impact. In case you are not sure what slippage means, let me explain it in a few words:

Slippage refers to the situation in trading where there is a disparity between the expected price of a trade and the actual price at which the trade is executed.

By the way, services provided by OTC trading platforms are very personalized, with 1-on-1 VIP attention - top-notch customer service is definitely one of the main requirements for a platform to be considered one of the best crypto OTC trading platforms!

Also, fee-wise, OTC trading fees are generally lower - they are included in the quoted transaction price, as well.

Overall, since OTC trades are good for trading high volumes of cryptocurrencies, this type of trading is especially good for institutional investors and high-net-worth individuals. However, it’s not limited to this type of customers alone! On the contrary, anyone can participate in OTC trading, as some platforms allow lower minimum trades quota.

That’s basically it when it comes to OTC trading. Now, let’s proceed to the best crypto OTC trading platform reviews I've prepared for you!

1. Binance - Zero-Fees OTC Trading

Ranks #1 out of 7 Crypto Exchanges

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As one of the biggest cryptocurrency exchanges globally, Binance undoubtedly deserves a place on the list of the best crypto OTC trading platforms, and here's why:

Binance offers the Binance OTC desk, an OTC trading service that enables retail traders to trade significant amounts of cryptocurrency without difficulty, making it ideal for institutional investors, high-net-worth users, and people who require large orders of cryptocurrencies.

The Binance OTC desk supports crypto-to-crypto trading, allowing users to exchange one cryptocurrency for another. Not only that, users can trade in fiat currencies.

Transaction of the Binance OTC desk get confirmed within minutes. Besides, it also has a deep liquidity pool, even for altcoins with a low market cap.

Best crypto OTC trading platform: Binance OTC.

Moreover, for those interested in having access to a wide range of cryptocurrencies, Binance is the perfect platform overall, as it’s the leading exchange when it comes to digital assets’ diversity! It offers more than 350 cryptocurrencies and several crypto-fiat pairs.

Now, if you are looking for cheap OTC trading platforms, you will be glad to know that the Binance OTC desk doesn’t charge any trading fees!

However, although Binance doesn't charge any fees for trading, they require a minimum order of $200,000. This could be a problem for people who want to buy smaller amounts of cryptocurrency.

Anyway, another advantage of the Binance OTC desk is its customer support. Traders can receive assistance at every step of the way, making it easier for them to make informed decisions and execute trades with confidence.

Also, Binance OTC trading service is personalized for each user and it’s especially good for new traders, as it has a beginner-friendly interface! While there are many options to navigate through, it's very intuitive and even has pop-up tutorials for those who use the platform for the first time.

Best crypto OTC trading platform: Binance.

Though you should also know that Binance is one of the best trading platforms in the industry not only because of its OTC trading feature. It offers so many more other useful features. It basically has everyhting a true crypto enthusiast might need!

For one, it offers various types of trading including spot, margin, P2P, and so on. Apart from that, it also a variety of earning features thorugh its Binance Earn program, as well as plenty of learning material for beginners through its Binance Academy platform. Besides, it even offers a physical Binance card!

Overall, Binance's OTC trading service is an excellent choice for retail traders looking for a well-known platform that provides personalized service with a huge array of supported cryptocurrencies and fast account settlements. Best of all, there are no trading fees, making it a cost-effective choice for traders of all levels.

Those are just some of the main reasons why Binance is consistently ranked as one of the ideal options available in crypto OTC trading platform reviews!

Visit Binance
...or read our Binance review

2. Coinbase - Secure Trading

Ranks #2 out of 7 Crypto Exchanges

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Coinbase is a cryptocurrency exchange that also has an OTC trading option, which offers a range of features to professional traders and institutions. Due to its OTC trading service, provided by Coinbase Prime - an integrated solution of Coinbase -, it’s widely regarded as one of the best crypto OTC trading platforms on the market.

With Coinbase Prime, traders have access to OTC block trading, which is a type of trading especially good for institutional investors, as it typically involves larger trade sizes, as well as faster execution times and more price privacy!

One key feature of Coinbase Prime is its diversified liquidity and smart order routing pool, which allows traders to gain access to a wider range of prices from the overall cryptocurrency market. In other words, the prices don’t depend solely on Coinbase’s exchange prices!

Moreover, Coinbase Prime offers margin trading, meaning that users can borrow funds from the platform to invest in digital assets, potentially generating higher returns than they would be able to achieve using only their own funds.

Best crypto OTC trading platform: Coinbase.

Coinbase Prime also provides thorough post-trade reporting analytics that users can access at any time. Put simply, this feature basically enables users to keep track of their trading activity, leading to better-informed investment decisions in the future.

Regardless if you are an experienced trader or a new one, this feature can certainly help you!

What’s more, Coinbase originally only supported Bitcoin, however, that has changed! Now, the platform provides a broader range of digital assets.

As good as it is, Coinbase’s benefits actually don’t end here: it has a mobile app, as well as 1-on-1 customer support that is available 24/7 to answer any question users may have.

And, of course, we can’t talk about Coinbase without mentioning its efforts to ensure the safety of the platform: when signing up, users have to go through KYC protocols, among other safety measures. There is also the cold storage policy to keep the customer’s funds safe in an offline secure location.

Hence, Coinbase is certainly a crypto OTC trading platform legit and trustworthy!

Having said all of that, Coinbase is one of the best OTC trading platforms for institutional investors looking for a highly secure OTC desk that grants users access to both real-time and historical analytics for cryptocurrency spot and derivatives markets.

Visit Coinbase
...or read our Coinbase review

3. Kraken - Great AutoRFQ Feature

Ranks #3 out of 7 Crypto Exchanges

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When it comes to the best crypto OTC trading platforms, Kraken must be mentioned! That’s because it has been providing top-notch OTC trading services for years and it has built a reputation as a reliable and trustworthy trading platform. 

Kraken OTC trading is the go-to platform for high-net-worth crypto traders. It’s available in the US and can be used globally at any time of the day or week.  

What’s more, it’s a commission-free OTC desk! In other words, you can trade for free, which is not very common among OTC trading platforms, as most of them charge fees that usually range from 0.1% to 1%.

Best crypto OTC trading platform: Kraken.

Besides that, one of the best attributes of Kraken OTC trading is its AutoRFQ feature. In case you are not familiar with this term, let me explain it to you: 

AutoRFQ stands for Automated Request for Quote and it enables traders to obtain quotes for large trades without having to manually request them from multiple liquidity providers.

By the way, a quote is a bid or an offer to purchase or sell a certain cryptocurrency at a given price. It shows the price at which a specific cryptocurrency is currently trading and it indicates the willingness of buyers and sellers to engage in a trade.

So, put simply, the AutoRFQ allows for instant OTC trades! Pretty nice, right? Not every OTC trading platform has this feature and this is one of the reasons why Kraken is included in this crypto OTC trading platform review.

However, Kraken has something quite common among OTC trading platforms: it has a minimum order size. In Kraken’s case, the minimum amount is $100,000, which is not the highest in the market - that's good news!

Now, besides that, the platform also stands out for its diversity of digital assets: it provides a wide array of crypto assets (200+) and fiat currencies (7+). This is definitely good news for traders and buyers interested in spreading their investments across different assets or sectors. Moreover, Kraken has deep liquidity pools, which are great to prevent slippage!

Best crypto OTC trading platform: Kraken OTC.

If you think that’s good enough for making Kraken a great option, would you believe it if I told you it actually gets better? Well, that’s because, on top of everything, the platform provides excellent customer service.

The customer service team is available 24/7 and you can contact them via email, live chat, or phone to have a 1-on-1 conversation. The team can answer any question you have about the platform and even provide valuable insights.

As a result of being a reliable and trustworthy platform that high-net-worth crypto traders can definitely count on, Kraken has received high praise in many crypto OTC trading platform reviews for its reliability and trustworthiness.

Visit Kraken
...or read our Kraken review

Compare Crypto Exchanges Side by Side With Others

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Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

Yes! Show me the Comparison Chart

4. KuCoin - Best for P2P Trading

Ranks #4 out of 7 Crypto Exchanges

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KuCoin's reputation as a leading cryptocurrency exchange extends to its OTC trading service, making it one of the best crypto OTC trading platforms.

As mentioned previously, KuCoin’s OTC trading is done through the platform’s P2P network, which allows users to trade cryptocurrencies with fiat currencies directly with other users, without the need to place orders on the regular exchange order book.

In other words, KuCoin is not a broker, meaning that it facilitates the direct deal between trade parties, instead of supervising the whole process. Similar to most OTC trading platforms, KuCoin is often used for large transactions or by institutional investors who want to avoid affecting the market with their trades.

Best crypto OTC trading platform: KuCoin.

Furthermore, KuCoin places a high priority on security, particularly when it comes to its OTC trading service.

How does it ensure the safety of transactions? Well, it’s actually through a pretty simple but reliable method: KuCoin temporarily freezes the seller's cryptocurrency until the buyer has transferred the agreed-upon amount of fiat currency to the seller's bank account, thus verifying the transaction.

Now, regarding the variety of currencies, KuCoin's OTC trading service supports fiat currencies like USD and CNY, as well as cryptocurrencies, including Bitcoin, Ethereum Tether, and many others.

By the way, one of the advantages of the KuCoin OTC trading service is the integration of the industry-leading decentralized oracle network. This integration provides access to accurate, tamper-proof exchange rates between various fiat currencies and cryptocurrencies, which help set floating rates in OTC markets.

Best crypto OTC trading platform: KuCoin OTC.

What’s even better, KuCoin doesn’t charge a fee for OTC trades!

So, you can have access to fast settlement, secure transactions, professional and reliable merchants, and multiple local payment methods available, all with zero fees.

Now, if this platform has piqued your interest, you might be wondering how to start using KuCoin’s OTC trading service, and I’m here to tell you that it’s very simple: you will need to have a verified KuCoin account and go to the OTC trading page.

Next, users will need to select the cryptocurrency they wish to trade, choose between buying or selling, and then enter the desired amount and price. After that, it’s basically done!

So, the integration of the decentralized oracle network and the high level of security are some of the things that make KuCoin's crypto OTC trading platform legit and trustworthy.

Visit KuCoin
...or read our KuCoin review

5. Bitfinex - Wide Range of Order Types

Ranks #5 out of 7 Crypto Exchanges

Bitfinex has been providing top-notch services to its users since 2012, which makes it one of the oldest cryptocurrency exchanges, as well as one of the best crypto OTC trading platforms out there. Allow me to tell you why:

By providing users with the option to access instant liquidity pools through the OTC Desk or trade directly with a counterparty, this platform enables them to avoid going through public order books altogether.

That way, the Bitfinex OTC trading desk is essentially a peer-to-peer network that connects buyers and sellers directly. This means that users can trade directly with other Bitfinex users without the need for a middleman - this makes Bitfinex stand out among some of the other options listed in this crypto OTC trading platform review.

It’s quite simple to initiate a trade, as the only information required is the OTC nickname of the counterparty! What’s more, once a request to trade has been sent, the counterparty only needs to accept it in order to complete the transaction.

Best crypto OTC trading platform: Bitfinex.

Thus, if you are looking for a practical way to do OTC trades that don’t involve third parties, Bitfinex is certainly an interesting choice!

Another positive feature of Bitfinex's OTC desk, which earns it good feedback in crypto OTC trading platform reviews, is the fact that it supports all the order types available on the main platform, such as stop, stop-limit, fill or kill (FOK), and more.

Now, when talking about the range of cryptocurrencies supported, Bitfinex’s OTC desk is meant for trading ERC-20 tokens. ERC-20 is a standard for tokens issued on the Ethereum blockchain, and it is the most widely used token standard in the world of cryptocurrency.

Moreover, it's worth noting that the minimum OTC user-to-user trade on Bitfinex is equivalent to $50. Not only that, the price spread can’t surpass 10.0% of the current market price of the currency/pair being traded.

When it comes to the fee, Bitfinex does charge a commission, however, it’s quite low - only 0.1% for both seller and buyer.

Beyond its OTC trading service, Bitfinex has other relevant features, such as good security measures - including 2FA (Two-Factor Authentication), withdrawals protection, OpenPGP email encryption, and so on. By the way, it also has a mobile app!

In short, the Bitfinex OTC trading service stands out for providing instant liquidity through the OTC Desk, while also supporting all order types available on the main platform, making it a versatile tool for advanced traders!

Visit Bitfinex
...or read our Bitfinex review

6. Bitstamp - Low Minimum Trade Size

Ranks #6 out of 7 Crypto Exchanges

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Bitstamp was launched in 2011 as an exchange platform and just recently started offering an OTC trading service. Although it hasn’t been long since its start, it already granted Bitstamp a place among some of the best crypto OTC trading platforms in the market.

Bitstamp's OTC trading service is notable for its Automated Request-for-Quote feature. Put simply, through the OTC RFQ tool, traders give details of the trade they wish to make, such as the amount of cryptocurrency they want to buy or sell and the desired price range. Then, the platform sends the request to multiple market makers who can provide bids for the transactions.

With Bitstamp’s OTC trading service, you can trade swiftly and without any risk of slippage. Moreover, the platform has multiple OTC dealers, which results in deep liquidity and prevents the disruption of the regular spot market.

The users of Bitstamp also have access to an institutional-trade matching engine powered by NASDAQ technology, which ensures that the customers receive unparalleled uptime and non-stop availability. Bitstamp also makes sure to support the traders through the 24/7 premium live customer service!

Best crypto OTC trading platform: Bitstamp.

Regarding the size of orders supported by Bitstamp, they can range from $50k to $500k per transaction - this minimum order size is actually quite competitive!

Now, if you want to know if this platform provides good diversity of currencies, rest assured because it definitely does. The available pairs include BTC/USD, BTC/EUR, and LTC/USD, among many others.

What’s more, Bitstamp guarantees privacy by intermediating the transactions - which means you can trade completely anonymously. However, it’s worth noting that, in order to create a Bitstamp account, you will need to provide some personal information as part of the KYC protocols.

Despite all that, Bitstamp is great not only for OTC trading. It's a good crypto trading platform overall. Why? Mainly due to the fact that it's surely an established and turstworthy platform as it has been in the crypto industry since 2011, and it still is considered to be one of the best choices for many traders.

Besides that, it has low trading fees, strong security, a variety of payment methods, a convenient mobile app, and so much more!

In short, Bitstamp offers one of the best crypto OTC trading platforms in the market, with an Automated Request-for-Quote feature and a wide range of currencies with competitive order sizes and institutional-grade technology.

Visit Bitstamp
...or read our Bitstamp review

7. Huobi - Top-Notch Regulatory Framework

Ranks #7 out of 7 Crypto Exchanges

Huobi has a special service called Huobi Desk for those customers interested in OTC trading. This desk offers ultra-competitive quotations and optimizes capital efficiency while reducing the risk of market slippage. For this reason, Huobi surely fits into our “best crypto OTC trading platforms” list.

The Huobi OTC desk offers peer-to-peer (P2P) trading services to institutional investors, acting as a mediator between buyers and sellers. Moreover, it has multiple currency options for clients, as it supports trading pairs of major stablecoins and currencies, including USD, GBP, and HKD, as well as USDT and USDC.

Moreover, the Huobi OTC Desk also provides settlement flexibility, allowing clients to lock in their desired price and settle trades to their Huobi account, bank account, or external wallet of their preference.

Best crypto OTC trading platform: Huobi.

Fee-wise, Huobi OTC Desk is completely free! What’s more, when it comes to security, this platform doesn’t disappoint either, as Huobi is a service provider compliant with a strict regulatory framework.

Some of the safety protocols followed by it include rigorous KYC and verification of documentation such as proof of income, and so on.

This, of course, is only done to ensure the system is not disrupted by scammers and rule-breakers! This level of precaution is definitely outstanding, that's why this platform consistently earns good points in crypto OTC trading platform reviews.

Though note that, Huobi is a great cryptocurrency trading platform overall with a good reputation in the industry. For one, it has high liquidity and a variety of supported cryptocurrencies. Besides that, it's great for both beginners and advanced users as it has a user-friendly interface and a responsive customer support.

Hence, Huobi Desk is an excellent choice for institutional investors looking for a safe and efficient trading experience.

Visit Huobi
...or read our Huobi review

Conclusions

Cryptocurrency exchange trading has become incredibly popular, with platforms like Binance, Bybit, and Coinbase leading the way. However, for traders looking to buy or sell large amounts of cryptocurrency, the traditional exchange trading can have some limitations. That's why more and more traders are turning to OTC trading as a viable alternative.

Fortunately, there are several top-notch options to choose from when it comes to the best crypto OTC trading platforms.

To take advantage of the benefits of OTC trading, such as lower transaction fees and improved privacy, it's crucial to carefully select a platform that meets your needs. That's why I’ve analyzed various factors to ensure that I only recommend crypto OTC trading platforms legit and trustworthy.

Though, keep in mind that, while OTC trading may be the best option for some traders, it may not be the best for everyone. Thus, it's important to carefully evaluate your trading goals and preferences as well as take some time to read several crypto OTC trading platform reviews.

Additionally, if you plan participating in OTC trading and you want to trade large amounts of crypto assets, I suggest getting a reliable hardware wallet for storing your assets safely. Some of the best hardware wallets on the market include Ledger Nano X and Trezor Model T.


Other Crypto Exchanges In This Category

Here are other crypto exchange related to the category but not as favoured by BitDegree.org Learning Hub readers yet. In my personal opinion, today there are much more optimal crypto exchange in the list with the higher rating that I'd recommend for the same price range or less.

Binance.US - Great for US-Based Traders

Binance.US, which was established in 2019 to cater to customers from the United States, has quickly risen to become one of the best crypto OTC trading platforms globally.

Binance.US OTC trading service is aimed at high-volume traders and institutional investors, offering them competitive pricing, deep liquidity, and fast settlements to trade large volumes of cryptocurrencies without affecting the market price.

Hence, the services provided by Binance.US don’t differ a lot from Binance, except for the fact that Binance.US has significantly fewer services. Though it does offer an OTC trading service for all US-based traders.

FYI, Binance.US is a subsidiary company of Binance. It was opened due to the fact that Binance is not compliant with US regulations regarding crypto, while Binance.US is. Just note that they are still two separate companies.

Best crypto OTC trading platform: Binance.US.

However, there is something worth mentioning: the American version of the platform (Binance.US) has fewer supported currencies - around 120. At first, that might seem like a big disadvantage, but, actually, compared to other platforms, Binance.US would still be considered diverse!

It’s also important to know that, although Binance.US doesn't impose any fees for OTC trades, a spread will be applied. In other words, If you are purchasing, the prices will be higher than the market price, and if you are selling, the price will be lower than the market price.

Furthermore, when it comes to security, Binance.US is known for its strict security protocols. The platform uses two-factor authentication (2FA) and other advanced security measures to protect users' accounts and funds. Additionally, Binance.US is regulated in the United States and complies with all applicable laws and regulations.

In short, Binance.US has made a name for itself as one of the top crypto OTC trading platforms in the United States, offering high-volume traders and institutional investors deep liquidity, competitive pricing, and fast settlements.

Having said all of that, Binance.US certainly deserves a spot in this crypto OTC trading platform review!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

About Article's Experts & Analysts

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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Recent Best Crypto OTC Trading Platform User Reviews

M. Carney

4.6/5.0 - Bitstamp User
30/11/2023

Experienced

I had trading experience so it was easier to figure out how to use this exchange, but wouldn't recommend it to first time traders.

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Koby Montgomery

5.0/5.0 - Binance User
03/12/2023

Great for users of all levels

I would agree that it can be harder for newbies in the crypto exchange world to use the platform, but it shouldn't be a reason to avoid Binance altogether. Fell free to follow this Binance review or any other guide to help you through the learning process. Start small and work your way up, keep up with the reasearch. It is a good place for people of all levels.

Evaluation

Price value
Ease of Use
Experience
Features
Safety

MuAddict

4.0/5.0 - Huobi User
09/01/2024

Good content

The content of article is amazing

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Zoseph West

5.0/5.0 - Huobi User
11/11/2023

Full mark

This is the exchange with the best experience I've ever had

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Kourtney Burch

5.0/5.0 - Kraken User
08/01/2024

The App

Recently tried out the Kraken app and it was a game changer for short trading sessions!!!

Evaluation

Price value
Ease of Use
Experience
Features
Safety

samia blake

4.8/5.0 - KuCoin User
04/12/2023

my money concerns

i believe that trading on this exchange is safe, but i don't trust many platforms so i withdraw to my external wallet

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Kent

4.4/5.0 - Huobi User
27/12/2023

Need improve

The team need to improve. Verification (kyc) is really difficult

Evaluation

Price value
Ease of Use
Experience
Features
Safety

K. C. Michael

5.0/5.0 - Coinbase User
24/01/2024

Average user

The interface and navigation is not as intimidating as i have seen on other exchanges, all main functions are easy to find and use. The clean design is average user fiendly!

Evaluation

Price value
Ease of Use
Experience
Features
Safety

irene-pope

4.4/5.0 - Bitstamp User
22/01/2024

fiat fees

the fees are ok only if you use crypto, charges on fiat payments are expensive :|

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Adrianna Johnson

4.6/5.0 - Bitfinex User
06/01/2024

Better for advanced users

many attractive function not for beginners

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Rayhan Marquez

5.0/5.0 - Bitfinex User
05/12/2023

Great customer service

I have never experienced such a great support like I did on Bitfinex, neither in the crypto space nor in any other web business

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K Meadows-Davila

4.6/5.0 - Bitstamp User
31/12/2023

wallet

easy to purchase with fiat money, but after every trade i withdraw everything for free to my wallet outside of the platform.

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Shana Thomson

5.0/5.0 - Binance User
21/12/2023

Waiting for my prizes

Have been actively trading for few years now and think that i should be eligible for prizes. I know people who have won free crypto. Still waiting for my turn, BINANCE! :))

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R Matthews

5.0/5.0 - KuCoin User
11/12/2023

A lot of options

A lot of freedom in terms of deposit and withdrawl options, other exchanges allow only few

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Lynn Cassidy

4.8/5.0 - Coinbase User
26/01/2024

Sharing info on the platform

Coinbase security have never disappointed me, but knowing that my account is not anonymous and my wallet can be frozen keeps me on my toes... :|

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ray keenan

5.0/5.0 - Coinbase User
23/12/2023

what about some customization?

The platform is very functional and all but I wish customization was available. Personalising design or colour themes and feature placements would be a great option!

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Wilkins jr

5.0/5.0 - Bitstamp User
03/01/2024

It's OK

Have been using Bitstamp exchange for many years, dont have many reasons to complain!

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Valentina159

4.8/5.0 - Coinbase User
13/11/2023

expensive transfers

I enjoy the covenience of having a built in crypto wallet. However, the transaction base fee is on the more expensive side. I usually opt to make a bank trasfer if i'm in a rush.

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taslima booker

5.0/5.0 - KuCoin User
18/01/2024

satisfied

props to ku coin for enabling anomynous trading while still maintaining security throughout the exchange platform

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Wasim Rigby

5.0/5.0 - Huobi User
17/11/2023

Great app

Great but too many notifications. This only started happening recently was fine before a few weeks ago.

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FAQ

What is a crypto OTC trading platform?

A crypto OTC trading platform, such as Binance, Kraken, and Coinbase, provides a service that allows users to trade cryptocurrencies with fiat currencies (such as USD or EUR) or other cryptocurrencies directly with other users, rather than using an order book on a regular exchange. OTC (over-the-counter) trading is often used for large transactions or by institutional investors who want to avoid affecting the market with their trades. Since there are many options available in the market, it’s important to be able to choose a crypto OTC trading platform legit and trustworthy.

What does it take for the platform to be dubbed as the best crypto OTC trading platform?

The best crypto OTC trading platform should have high liquidity with a large pool of liquidity providers to guarantee that you can buy or sell cryptocurrencies promptly and at the cheapest price. Additionally, it must offer trustworthy and secure trading services to safeguard your transactions from fraud and hacking. It’s also essential to offer first-rate customer service to help consumers with any problems or inquiries. Some really good examples of such platforms are Binance, Coinbase, and Kraken.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you’re looking to trade only the main cryptocurrencies, you probably don’t really care too much about the variety of coins available on the exchange. It’s all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

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