Have you heard the saying “the whales are pumping or dumping”? This means that a Bitcoin whale, someone with a large amount of Bitcoin is either buying or selling. This can have a drastic effect on the market as the price can either go up or down vigorously. So, what is the best way to buy and sell Bitcoin at a stable price? The Bitmart OTC service!
The current scenario
Let’s say you wish to buy or sell a large amount of Bitcoin. You would go onto an exchange and sell or buy Bitcoin to the value of R1 million, for example. However, the problem with this scenario is that in most cases, exchanges do not have such large volumes of Bitcoin available at a set price. By the time you are almost finished with the purchase, the price of Bitcoin could have gone up with 10 – 15% which means that you will be buying Bitcoin at a higher rate. Afterward, the price will simply slide right back to where it was before you bought Bitcoin.
Unless your planning to hodl, you may not be able to sell your Bitcoin immediately since the price would have declined to what it was before the buying frenzy started.
Introducing Bitmart OTC
Bitmart is offering customers an Over The Counter (OTC) service. This means that you do not have to be subject to limited volumes on exchanges but can buy large volumes of various cryptocurrencies from the OTC desk provider. It is by far the best way to get cryptos at a set price. The process is quick and effortless!
Bitmart negotiates with a seller to get a special rate for you. Once all parties involved agree to the specific rate, the process can continue. You can either buy cryptos with Bitmart OTC service or sell your cryptos for ZAR.
With the Bitmart OTC service, there is no need to wait for days to sell or buy large volume cryptocurrencies on exchanges at fluctuating prices. Bitmart OTC literally takes a couple of hours.
Please note a minimum transaction value of R50 000 is required. Commission varies from 1 – 8%, depending on the amount. Exchanges can charge up to 14%.
For more info, contact Jacques Serfontein on 082 556 3705 or visit the Bitmart website.