The itBit OTC Agency Trading Desk facilitates trades of over 25 bitcoin between itBit clients. All OTC trades are settled exclusively through itBit exchange accounts.
Trade negotiation and execution is done using Skype (preferred), email or telephone. Trades are settled through itBit trading accounts. To begin making OTC trades with itBit, you will need to complete the following three steps:
- Open an itBit Trading Account: You can open a trading account with us online. For more information on our account opening process, please see our new account FAQ pages.
- Fund Your Account: Make an initial deposit into your trading account.
- Contact our OTC Trading Professionals: Please contact our trading desk via email at OTC@itbit.com to schedule an introductory meeting and establish a Skype chat or other channel for sharing quotes and orders on an ongoing basis.
Finally, while not a requirement for OTC trading, it may be useful to apply for an increase to your daily and monthly withdrawal limits on an account that will be used for large block trades. Use our withdrawal limit modification form to request an increase to your daily or monthly withdrawal limit.
Please note: all withdrawal modifications are subject to review and approval is never guaranteed. When reviewing a withdrawal limit modification certain factors will be assessed including, but not limited to, client history, transactional history, institutional history, and responses to due diligence questions.