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There are multiple ways, how you can buy crypto and in this article, we'll be talking about OTC market.
Crypto OTC Trading is simply trading crypto assets directly between two parties in a closed trading market (so it's done outside regular exchanges). This trading market is unlike an exchange where there are several prices. Here, the parties involved only have the private price they show and can negotiate deals based on the amount each party has or is interested in buying. Imagine a picture of two persons involved in private trading negotiations. On the one hand, one person is available to sell assets at a given price, and on the other hand, the other is willing to buy assets at a given price.
An OTC trade occurs when both parties agree on the trade price or exchange for which they agree. A trade can be crypto-to-crypto (For example, swapping bitcoin with tether) or fiat-to-crypto (For instance, swapping XAF or Rand for bitcoin and vice versa). Whether crypto-to-crypto or crypto-to-fiat, the need for a “trading market or desk” to effect the transaction is imperative. OTC trading markets or desks are professional platforms dealing directly with crypto buyers or sellers.
So to find the best price possible, you may want to use the service called bestchange. The idea is that it aggregates exchange rates from the most reliable and trusted e-currency exchangers and presents them in the form of a well-structured and dynamically updated table. Clicking a currency pair brings up a list of exchangers with the best rates, while clicking a specific exchanger's name opens a corresponding website. BestChange ensures minimal conversion losses and saves your money and time by bringing all relevant information right in front of your eyes.
Another good service we'd like to mention is localbitcoins. This is a good option to users from CIS countries as it supports RU language and major local banks. The concept here remains the same - you register on the site, find the best price and buy/sell your crypto. At the bottom of the site, you'll find a detailed guideline, how to get started.
And one more platform, where you can exchange your funds, is Binance P2P.
However, unlike some other platforms, this one requires registration and further verification.
If you have any questions, feel free to reach out to our support team either via live chat or email support@hexn.io