🎯 What is over-the-counter (OTC) trading on Binance?

Over-the-counter (OTC) trading is a service that allows you to buy or sell large amounts of cryptocurrencies directly with another party, without going through the open market order book (Spot Market).

The price is agreed directly between the two parties, and execution is often quick and discreet.

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📌 Where can you find the off-platform trading icon?

In the Binance app or on the website, you can access it through:

1. Go to "Trading" or "Trade"

2. Then select the OTC tab or off-platform trading

3. Sometimes you find it under "algorithmic orders" or "large orders"

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⚙️ What does this icon or page offer?

Once you enter, you will get the following options:

Option Explanation

Request for Quote (RFQ) Enter the amount you want to buy or sell, and get a customized real-time price from Binance

Supported currencies BTC, ETH, USDT, BNB, and others – depending on liquidity

Minimum trading Usually starts from the equivalent of $10,000 (varies by asset)

Execution speed Almost instantaneous after the offer is accepted

Private Settlement Coins are transferred directly to your Spot wallet or a dedicated wallet without regular trading fees

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✅ Benefits of trading via OTC:

Feature Benefit

No market impact Ideal for large quantities as it does not show in the public order book

Quick execution The price is displayed and executed within seconds

High privacy Trading is done directly between you and Binance

Live support You get support from Binance's OTC team when needed

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🧠 Who is this type of trading for?

Investment funds and institutions

Whales or large traders

Crypto companies or high-profit owners

Anyone who wants to buy or sell a large amount without price volatility

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✳️ Practical example:

> Do you want to buy $500,000 worth of BTC without your order showing in the market and pushing the price up?

🔸 Enter "OTC"

🔸 Request a quote for 500K USDT for BTC

🔸 It shows you a special price like 105,600

🔸 Agreement and the transfer is done directly to your Spot wallet

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📌 Important notes:

There are no traditional trading fees, but the displayed price may include a small spread.

Make sure you have sufficient balance in your funding wallet or main wallet.

The service is available 24/7 on Binance, but it is faster during support team working hours.