Take a closer look at this Bitcoin OTC Desk for large-volume traders.
Placing large trades on conventional cryptocurrency exchanges can be a costly exercise. Not only do you have to deal with the phenomenon known as slippage, which is when the market moves against you before your trade can be completed, but many exchanges have low transaction limits that may be insufficient for your needs.
Velo Trust is an OTC (over-the-counter) desk that aims to overcome these problems. Developed for bitcoin buyers who want to place trades of $100,000 or more, the platform allows users to access a fixed price on bitcoin.
But is it the right trading platform for you? Let’s take a closer look at the features Velo Trust offers to find out.
What is Velo Trust?
Velo Trust was launched in 2014 by Greg Dawson. Headquartered in London and the service is available all over the world.
Velo Trust is an over-the-counter (OTC) desk. Specializing in trades of $100,000 or more, the company has access to some of the world’s largest liquidity providers to help its customers buy and sell bitcoin. It offers customers a fixed price upfront and the service is backed by 24/7 customer support.
Which cryptocurrencies can I trade?
Velo Trust specializes in bitcoin for now only.
Who can use Velo Trust?
You must be at least 18 years of age to use the service. You’ll also need to satisfy the terms and conditions to qualify as trader.
Which fiat currencies are accepted?
Velo Trust supports the following fiat currencies and stablecoins:
- United States Dollar (USD)
- Australian dollars (AUD)
- Euro (EUR)
- Hong Kong Dollar (HKD)
- Swiss Franc (CHF)
- Great British Pound (GBP)
- Canadian Dollar (CAD)
- Japanese Yen (JPY)
- South African Rand (ZAR)
- Singapore Dollar (SGD)
- Tether (USDT)
- USD Coin (USDC)
You can deposit the funds for a trade in the following ways:
- Make a bank transfer to Velo Trust’s bank account
- Reach out to the team to discuss other options
How does it work?
Velo Trust is a principal OTC desk. This means that you purchase or sell bitcoin directly to Velo Trust.
The process works as follows:
- Sign up. Register for an account by providing your name, contact details, proof of ID and trading requirements.
- Onboarding. Velo Trust confirms your eligibility to use its service and prepares your account.
- Start trading. The Velo Trust team is available 24/7 and can help you make trades of $100,000 or more. In most cases, trades will be settled on the same day.
During the sign-up process, you’ll be asked to specify your preferred method of communication when making trades. Some of the options available include:
- Telegram
- Telephone
How much will it cost me to use HiveEx.com?
Velo Trust provides fully inclusive pricing based on market volatility, trade volume, asset liquidity, market risk and other variables.
For each trade you place, you’ll be quoted one price upfront. There are no extra fees or charges that apply.
Are there any transfer limits?
Velo Trust can facilitate bitcoin trades of between USD$100,000 and USD$100 million.
Is it safe to use Velo Trust?
Velo Trust was established in 2014 and is now one of the top OTC desks in its region. The company implements a strict Know Your Customer (KYC) and anti-money laundering (AML) process to ensure that only legitimate traders are able to use the platform.
Customer support
Velo Trust provides 24/7 support to customers. You can get in touch with the trading team over the phone, via email, through WhatsApp or by using another preferred method of communication.
