Automated OTC cryptocurrency trading

If you want to carry out larger purchases or sales of cryptocurrency, it can be challenging to do this on an exchange. The problem is that there is often limited liquidity on the exchanges, especially on local platforms. You therefore risk getting a rate up to several percent worse than the prevailing market rate. This is called slippage.

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A common way to solve this problem is to make an OTC trade. OTC stands for over-the-counter, and it is a deal agreed directly between two parties instead of going through the order book on an exchange. The parties can then agree on the price in advance so that uncertainty about slippage is avoided.

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K33 offers instant and automatic OTC

As the problem of limited liquidity is well known, most exchanges offer OTC trading as an additional service. The challenge is that the process is often manual and requires you to send an e-mail inquiry or to call and coordinate over the phone. 

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This can result in a time-consuming process with great uncertainty. You do not know when the inquiry will be answered or which rate you will be offered. 

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The solution is automatic OTC, as on the K33. K33 is a service for buying and selling cryptocurrency, but is not an exchange where customers trade with each other. Instead, all trades on K33 take place directly with K33 as counterparty. This means that all large and small trades are OTC trades.

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On K33, customers can enter a trade in the web interface and immediately be offered a price, which they can accept or decline, regardless of whether it is for 100 or 0.001 BTC. 

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In this way, you avoid both uncertainty about slippage and the time it takes before you receive an offer from the manual OTC services.