Today, we have a new method of exchange which uses a digital currency controlled by cryptography and it is known as a cryptocurrency. The security, creation, and verification of the cryptocurrency is done by the use of cryptography. Bitcoin, Litecoin and Etereum are the common cryptocurrencies. We shall focus on bitcoin trading here. The best bitcoin trading method for the rich is bitcoin OTC trading. The bitcoin OTC trading is facilitated by brokers who allow traders to buy and sell bitcoins directly among themselves. Large trades will change the price on the on exchange and this is why the rich prefer OTC brokers. Below are attributes of the competent bitcoin OTC brokers.
Before you pick a bitcoin OTC broker, you should ensure he/she has a permit. In order to offer services legally, an individual or a company needs to have a permit. In order to be issued with a permit, a bitcoin OTC broker should attain the set standards. A bitcoin OTC broker should have a valid permit. It is a bad idea to create an account with a bitcoin OTC broker who has no permit.
The best bitcoin OTC brokers offer quality support. Improved support will ensure that every trader has no trading problems. The bitcoin OTC broker should have an always working telephone line. In order to serve all the traders with issues, a bitcoin OTC broker is supposed to have some members of staff who offer support. Nowadays, the best bitcoin OTC brokers also use online methods in offering support.
An online presence is another feature of a good bitcoin OTC broker. In order to trade online and learn more about the Bitcoin OTC broker virtually, you need to choose a broker who has a website. A good bitcoin OTC broker should have a well-designed website.
The best bitcoin OTC brokers have lower transaction fees. In order to buy and sell bitcoin by using an OTC broker, you must pay a fee. The bitcoin OTC broker is able to finance his/her services by using transaction fees. A good bitcoin OTC broker should have a cheaper fee. It is advisable to carry out a research on the fees charged by various bitcoin OTC brokers before you pick one.
Before you create an account with a bitcoin OTC broker, you need to make sure that he/she will settle your account each and every day. The amount of bitcoins you make as profit goes to your account. The best bitcoin OTC brokers put the profit into your account just the same day.
A good bitcoin OTC broker should have a top rating. You will bitcoin OTC trading services once you pick a top-rated bitcoin OTC broker. In order to pick a bitcoin OTC broker who is top-rated, you need to read the online reviews.