OTC FAQ Page

Frequenly Asked Questions (FAQ)

• How can i get started with OTC trading?

Reach out to the Bitwyre team and sign up on https://otc.bitwyre.com/auth/register or https://bitwyre.com/auth/register

• What are the fees for OTC Trading?

Depending on the client and trade size. Clients with previous large trade histories will be given preference fees/lower fees. A larger trade size would also imply a lower fee

• Is KYC (Know Your Customer) required

Yes. KYC is required especially for Bitwyre customers.

• What cryptocurrencies are available?

Top 100 Coingecko and coinmarketcap.

• What is the minimum trade Size?

The minimum trade size is 100k

• Can i cancel or modify an order?

Yes, clients can cancel or modify orders but cancelling and modifying has implications on the fees and also execution window.

• How long does an OTC trade take to complete?

Depending on settlement. For fiat to crypto we wait till settlement on our bank account happens, before we send the crypto, a maximum of T+4. For crypto to fiat depends on the banking settlement too, the maximum is T+3. For crypto cyrpto, it’s almost instant.