Today, we have a new method of exchange which uses a digital currency controlled by cryptography and it is known as a cryptocurrency. Cryptocurrency is secured, verified and created by the use of cryptography. The widely used cryptocurrencies are Litecoin, Ripple, Bitcoin, and Ethereum. This article is exclusively on Bitcoin trading. The best bitcoin trading method for the rich is bitcoin OTC trading. In bitcoin over the counter trading, you buy and sell bitcoins directly instead of using on exchanges. Trading large amounts using the Bitcoin OTC brokers does not alter the prices on exchanges. Below are attributes of the competent bitcoin OTC brokers.
A good bitcoin OTC broker is supposed to have a permit. In order to offer services legally, an individual or a company needs to have a permit. The permit is provided by the authoritative bodies after the Bitcoin OTC broker has attained the minimum set requirements and has been successfully registered. A bitcoin OTC broker should have a valid permit. In order to ensure your account and information are safe, you need to pick a bitcoin OTC broker who has a permit.
Before you choose a bitcoin OTC broker, you need to ensure he/she offer outstanding support. The bitcoin OTC trading involves large sums of bitcoins, therefore, the broker should be available to offer support to the traders. The bitcoin OTC broker should have an always working telephone line. It is also good for the Bitcoin OTC broker to have a customer support department. Of late, a bitcoin OTC broker can also offer support services online using chat.
The best bitcoin OTC brokers have websites. A website will enable the Bitcoin OTC broker to effectively market his/her services as well as offer trading platforms. A good bitcoin OTC broker should have a well-designed website.
Before you choose a bitcoin OTC broker, you need to consider the fees. You must pay a certain fee in order to get the services of a bitcoin OTC broker. The transaction fees deducted from the traders goes into financing the activities of the Bitcoin OTC broker. The transaction fee is not supposed to be high. It is advisable to carry out a research on the fees charged by various bitcoin OTC brokers before you pick one.
A good bitcoin OTC broker should provide same-day settlement services. After selling and buying bitcoins and earning a profit, the profit is supposed to be deposited to your account. Same-day settlement means that the Bitcoin OTC brokers will deposit your profit to your account on the same day.
A good bitcoin OTC broker should have a top rating. The rating of a bitcoin OTC broker depends on the services he/she provides. You need to go through the reviews in order to identify if a bitcoin OTC broker is top rated.