Bitcoin can be traded at centralized crypto exchanges and so-called OTC desks. The alternative is a private environment without the legal requirement for KYC investigations and due diligence. The following describes how o acquire and sell huge Bitcoin wealth discreet, with sanitized modules, and under the radar.
Although there are no official figures given the private nature of the OTC market, anecdotal suggestions reveal that the crypto OTC market sees two to three times the amount of trading volumes that crypto exchanges process every day. Some typical questions of buyers and sellers are answered below:
A private-to-private BTC OTC transaction constitutes the private sale and purchase of a substantial amount of Bitcoin by avoiding a digital asset exchange and other regulated service providers. Typically, the deal can be designed and accomplished in a way that preserves full privacy. On the other hand, the participants do not have the regulatory protection as provided by exchanges and so-called OTC desks.
Private sales are in most cases perfectly legal. However, they might be linked with tax evasion, money laundring and other unethical behavior. In addition, the local regulatory requirement might result in limitations and obligations which should be taken into consideration before the deal is accomplished.
ItBit, Genesis, Cumberland Mining, FalconX, Satstreet, and Athena Investor Services can't do the trick. All the institutional OTC desks and OTC brokers do not have the regulatory flexibility to provide the level of privacy that some private investors require for their crypto dealings. The true OTC transaction is done decentralized with only a small number of participants at the counter.
In the acquisition of any asset, the buyer has the need to comprehensively define the asset specifications, the delivery process, warranties and representations, and other contractual aspects of the deal. Meanwhile, the seller is interested in keeping the contract slim and the list of contractual obligations short. Therefore, under normal market conditions, when the BTC are not sold under an auction scenario, the buyer's side is drafting the SPA.
A P2P BTC OTC transaction has to be carefully prepared to avoid a total loss, potential criminal implications, and other disappointments. There are certain obvious and some hidden mechanics of buying cryptocurrency in a private sales environment.
Compared with a regulated exchange, the main advantage is the confidentiality and privacy. If done right, KYC procedures can be legally avoided and neither the transaction not the participants are disclosed to the public.
The initiation and negotiations for a Bitcoin OTC are often misused by criminals or even governmental agencies to extract sensitive data under the camouflage of allegedly know-your-customer requirements.
Canadian truckers and other might have now or later neither access to crypto exchanges nor to a OTC desk. Is a private-to-private over-the-counter transaction an easy solution for this?
PUGNATORIUS offers guidance and transaction support to get the OTC acquisition or sale done successfully, efficiently, discreetly, "sanitized" and in full compliance with legal and regulatory requirements. This includes superb, high-touch service at every step. The counselor is experienced in such deals and assisted successfully in the past.
PUGNATORIUS represents the buyer or the seller in high-volume crypto P2P OTC transactions.The firm designs the overall transaction structure, drafts and negotiates the contract and supporting documents including, if any, escrow agreements. It monitors and advises in the signing, closing, crypto transfer, payment, escrow procedures and additional steps and requirements.
BTC2PROP, Property transactions with Bitcoin, aquisitions or sales of BTC over the counter (OTC), restructuring of Bitcoin wealth and wallets, monitoring of large-scale Bitcoin transactions, legal and tax compliance advice. Would you like to know more? Russia Russia Russia
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