For Beginner Traders, For Advanced Traders

What is Binance.US OTC Trading?

October 21, 2021 - 3 min read

Binance.US OTC trading allows you to place buy and sell large orders. OTC trading is beneficial for placing large orders where a market or limit order could impact liquidity and cause price slippage.

OTC Trading

OTC stands for over-the-counter. An OTC desk seeks to help you obtain a single fixed price with which you can buy or sell a particular asset. OTC trades are negotiated directly between the buyer and the seller. OTC does not provide a public order book listing all of the trades. This enables large sums to be traded without disrupting markets.

Traders with large amounts of currencies or assets may worry that the transparency provided by public exchange order books, as well as possible liquidity issues, could make it difficult to trade large amounts quickly without moving markets and impacting prices. OTC trading is designed to help overcome these issues by arranging a more customized transaction conducted directly between two counter parties without using an exchange order book.

OTC trading typically unlocks a deeper liquidity pool than what is immediately available on an exchange order book. It can provide a relatively large source of liquidity for altcoins compared to what you generally see on the exchange order book at any given time.

In summary, trading cryptocurrency or assets through OTC markets may cut down on price slippage by offering opportunities to transact larger amounts‌ while reducing certain market risks.

Try Binance.US OTC Trading today!

FAQs

Is there a minimum trade amount?

Cryptocurrencies have different minimum trading amounts. If you would like to trade a considerable amount of cryptocurrency, please reach out to OTC@Binance.US.

What are the fees for using OTC?

We do not charge any direct fees for OTC trades.

How do I make deposits and withdrawals for OTC trades?

There are no separate wallets for OTC trades on Binance.US. Simply make deposits and withdrawals to your account’s spot wallet before you trade OTC.

Where can I check my OTC trade history?

Log into your account and go to: https://www.binance.us/en/usercenter/wallet/otc-history

I received an “insufficient funds” error. What does this mean?

To complete an OTC trade on Binance.US, you must have the required amount of currency / assets in your account at the time you initiate the OTC trade.

Can I use either an individual (personal) KYC verified account or a corporate (entity) KYC verified account?

Yes, both individual and corporate KYC verified accounts can trade.

What level of KYC do I need to use the OTC portal and to withdraw?

You must pass basic account verification to use the Binance.US OTC desk.

What if I want to buy crypto in smaller amounts?

OTC trading is beneficial for placing large orders where a market or limit order could impact liquidity and cause price slippage. To buy or sell crypto directly in smaller amounts, please use the Buy Crypto Portal on the app or homepage. You may also execute at market orders or leave limit orders when you Trade Crypto - in basic or advanced mode.

What currencies / assets are available for OTC trading on Binance.US?

View our list of OTC assets that are currently available, or start trading OTC today!

Download the Binance.US app to trade on the go: iOS | Android

Risk warning: Buying, selling, and holding cryptocurrencies are activities that are subject to high market risk. The volatile and unpredictable nature of the price of cryptocurrencies may result in a significant loss. Binance.US is not responsible for any loss that you may incur from price fluctuations when you buy, sell, or hold cryptocurrencies. Please refer to our Terms of Use for more information.

Legal disclaimer:
This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice; and (2) relied upon for any investment activities. All information is provided on an as-is basis and is subject to change without notice, we make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability or completeness of any such information. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US shall not be liable for any consequences thereof.