We check all of the tokens before executing transactions using ChainAnalysis technology. We don’t hold possession of our clients cryptocurrency and use industry best practice standards for transfers.
Genesis Block accepts bank transfers, cryptocurrencies and cash for our clients who pass our KYC and AML framework.
We are here to help. No matter the question or time of day, once you are our client we aim to respond as quickly as possible.
Our OTC clients have a dedicated trader to their account. Additionally a support team will be available to make sure we can help you with what you need at any time.
Genesis Block is dedicated to making Bitcoin and Cryptocurrencies more accessible. We aim to fuel mass adoption and utility for the industry.
Register an account with Genesis Block with option Individual Account or Corporate Account
Our traders will contact you directly and set up a secure chat to consult you on bespoke solutions specific to your needs.
Currency or Cryptos are deposited into your Genesis Block Account.
Once you agree to the price of the desired transaction we execute immediately on your behalf.
We then settle the transaction within the same day, normally immediately after the transaction has been executed.
Bitcoin is a new form of currency called ‘crypto’ that is not backed by any government and can store value. Crypto currencies use blockchain technology which acts as a public ledger to confirm and validate transactions. Above all Bitcoin is finite, only a limited amount can be mined and will ever be in existence. Therefore, Bitcoin has properties that make it comparable to gold.
Over-The-Counter or OTC Trading in the context of Bitcoin and crypto, are private deals for buying or selling crypto. Because these transactions are not conducted on regular exchanges, there is no public order book. This provides increased privacy for both buyers and sellers.
The biggest appeal for OTC users is the privacy and low impact it has on market prices. OTC caters to ‘Whales’ who are looking to buy or sell large amounts of cryptocurrency. If these ‘Whales’ chose to purchase a large sum of crypto on an exchange, their transaction would be heavily impacted by slippage. This makes OTC trading a desirable option for high net worth individuals looking to make large trades.
The estimate is that more than half of all crypto trades happen privately. Moreover, some estimate that the volume of Crypto traded OTC is two to three times larger than regular exchanges.
OTC is by nature an intimate and bespoke service. OTC Traders maintain a network of crypto investors and crypto sellers. Additionally, larger OTC organizations maintain an inventory of various crypto currencies to meet their projected demand at any given time.
OTC Traders are constantly up to date on who’s buying, selling, and the best time to conduct a given transaction. Once a buy or sell order arrives, the broker will procure the crypto or fiat necessary to execute the transaction.