How to operate OTC transactions at Crypto.com? Is there a minimum limit?

Crypto.com's OTC trading allows high-net-worth individuals to trade large crypto volumes privately, with a minimum trade size around $100,000.

May 12, 2025 at 12:49 am

OTC (Over-The-Counter) trading at Crypto.com provides users with a way to trade large volumes of cryptocurrencies directly with the platform, often at better rates than those available on the public exchange. This article will guide you through the process of operating OTC transactions at Crypto.com, and clarify whether there is a minimum limit for such trades.

Understanding OTC Trading at Crypto.com

OTC trading at Crypto.com is designed for high-net-worth individuals and institutional investors who want to execute large trades without impacting the market price. It allows for the trading of significant volumes of cryptocurrencies in a private and secure environment. The platform offers competitive pricing and dedicated support to ensure a smooth trading experience.

Eligibility and Registration

Before you can engage in OTC trading at Crypto.com, you need to meet certain eligibility criteria. You must be a verified user on the platform, which means completing the KYC (Know Your Customer) process. Here's how to get started:

• Log in to your Crypto.com account.
• Navigate to the OTC trading section.
• If you are not already verified, you will be prompted to complete the KYC process. This involves submitting personal identification documents and waiting for approval.

Once verified, you can proceed with setting up your OTC trading account.

Setting Up Your OTC Trading Account

To set up your OTC trading account, follow these steps:

• From the OTC trading section, click on "Apply for OTC Trading".
• Fill out the application form with your personal and financial information.
• Submit the form and await approval from Crypto.com's OTC trading team. This may take a few business days.

Upon approval, you will receive access to the OTC trading platform, where you can start executing trades.

Initiating an OTC Transaction

To initiate an OTC transaction, follow these detailed steps:

• Log in to your OTC trading account.
• Navigate to the Trade section.
• Select the cryptocurrency you wish to trade and specify the amount.
• Choose the trading pair (e.g., BTC/USD, ETH/BTC).
• Enter the desired trade amount and the price at which you want to execute the trade.
• Review the trade details and submit the order.
• You will receive a confirmation of your order, and a Crypto.com OTC trading representative will contact you to finalize the details.

Minimum Limits for OTC Transactions

Crypto.com does have minimum limits for OTC transactions to ensure that the trades are of a significant size. The exact minimum limit can vary based on the cryptocurrency and market conditions, but generally, the minimum trade size is around $100,000. It's important to check the current minimum limits directly on the Crypto.com OTC trading platform or by contacting their support team.

Executing and Settling the Trade

Once your OTC trade order is submitted, the Crypto.com OTC trading team will work with you to finalize the trade. Here’s what happens next:

• A dedicated OTC trading representative will contact you to confirm the trade details and negotiate any final terms.
• Upon agreement, the trade will be executed at the agreed-upon price.
• Settlement of the trade can be done through various methods, including bank transfers or direct cryptocurrency transfers, depending on the agreed terms.
• Once the trade is settled, you will receive a confirmation, and the funds or cryptocurrencies will be reflected in your Crypto.com account.

Monitoring and Managing Your OTC Trades

After executing an OTC trade, it’s important to monitor and manage your transactions. Here’s how you can do that:

• Log in to your OTC trading account regularly to check the status of your trades.
• Use the transaction history feature to review past trades and track your portfolio performance.
• If you need to make adjustments or have any questions, contact your OTC trading representative for assistance.

Frequently Asked Questions

Q1: Can I cancel an OTC trade after it has been submitted?

A1: Once an OTC trade is submitted, it is subject to negotiation and agreement with Crypto.com’s OTC trading team. While it may be possible to cancel the trade before it is finalized, it depends on the stage of the negotiation. It's best to contact your OTC trading representative as soon as possible if you need to cancel a trade.

Q2: Are there any fees associated with OTC trading at Crypto.com?

A2: Yes, Crypto.com charges fees for OTC trading, which can vary based on the trade size and the specific cryptocurrencies involved. The fees are typically negotiated as part of the trade agreement. For the most accurate information, it’s recommended to consult with your OTC trading representative.

Q3: How long does it take to settle an OTC trade at Crypto.com?

A3: The settlement time for an OTC trade at Crypto.com can vary depending on the agreed-upon terms and the method of settlement. Generally, it can take anywhere from a few hours to a few business days. For precise settlement times, it’s best to confirm with your OTC trading representative during the trade negotiation.

Q4: Can I trade any cryptocurrency through Crypto.com’s OTC platform?

A4: Crypto.com’s OTC platform supports a wide range of cryptocurrencies, but not all may be available for OTC trading. The availability of specific cryptocurrencies can change based on market conditions and liquidity. To find out which cryptocurrencies are currently supported, you should check the OTC trading section of the platform or consult with your OTC trading representative.