Yup this is a smart move. There are lots of people who are into bulk selling of Bitcoin and other cryptocurrencies and when they discover that Remitano is now offering a lower fees for those that are into wholesale trading they are sure going to switch to the site.
Although every site do have a particular feature that makes it to be quite unique, so everyone has what they are really considering when it comes to choosing an exchange to trade with. So some people don’t just look at fees alone, they also look at other features that makes the site good and fit in to their need.
Topic: Wholesale BTC Trading Market? (Read 187 times)
I came across this recently - https://remitano.com/forum/my/post/225-remitano-launches-the-new-investment-channel-for-wholesalers-1
Remitano, a popular P2P crypto trading platform, just opened a wholesale trading market for big traders. You need at least 1.5 BTC per trade to be eligible to get very low fees.
Haven't seen this on any other P2P platforms so far, including Localbitcoins, Paxful, Luno, etc.
This is gonna be pretty useful for big traders. Thoughts?
this is only suitable for traders with large balances but not for small traders.Remitano, a popular P2P crypto trading platform, just opened a wholesale trading market for big traders. You need at least 1.5 BTC per trade to be eligible to get very low fees.
Haven't seen this on any other P2P platforms so far, including Localbitcoins, Paxful, Luno, etc.
This is gonna be pretty useful for big traders. Thoughts?
the name of the exchange was not yet quite familiar to me, maybe because of the conditions to enjoy such a very low cost that I could not fulfill.
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Remitano rate is too much off chart. I remember they spamming my email even I didn't subrscribe to there newsletter. Honestly speaking I didn't knew it until they hit spam my email. I never trust this kind of services especially for exchange. P2P / arrange deal via meetup is the best and safest way to trade in bulk amount for a reasonable price.
I mean, it's good that they're trying to step into this market when other competitors such as LBC haven't yet taken anything to put forth a product to attract bigger traders in terms of trading volume, since everything essentially is charged at the same fee level of 1%.
However, the OTC scene is already very vibrant and I don't see much reason for traders to necessarily switch platforms.
This is probably more focused on medium scale traders than the actual large scale, institutional investors who trade amongst each other.
However, the OTC scene is already very vibrant and I don't see much reason for traders to necessarily switch platforms.
This is probably more focused on medium scale traders than the actual large scale, institutional investors who trade amongst each other.
I've never heard of Remitano, is it safe, considering it is a new exchange, is it required kyc to create an account there, because Remitano is a big trade there must be extra security, minimum purchase and sale is 1.5 btc, could it possibly have an impact on public exchange.
Remitano has been in the crypto space for at least 2 years if I'm not mistaken. I can't vouch for their trust because honestly, I haven't used it. Pop their name pops out like in 2017 specially during the height of bitcoin's price.
@adaseb is right though, this is nothing new and usually those whales takes advantage of this kind of OTC trading because of lower fees. There are even reports that hundreds of millions of worth of USD are being move with low transaction fees. Maybe that's what their minimum is, 1.5 BTC before you can take advantage of their OTC.
I've never heard of Remitano, is it safe, considering it is a new exchange, is it required kyc to create an account there, because Remitano is a big trade there must be extra security, minimum purchase and sale is 1.5 btc, could it possibly have an impact on public exchange.
Yeah I use them from time to time to sell my crypto for my local currency. It's safe, they have 24/7 customer support which is great, and liquidity is quite good. And you need to KYC to start trading, which is part of their policy to prevent scammers from operating there I guess.
I've never heard of Remitano, is it safe, considering it is a new exchange, is it required kyc to create an account there, because Remitano is a big trade there must be extra security, minimum purchase and sale is 1.5 btc, could it possibly have an impact on public exchange.
This is nothing new, there are already many OTC brokerages for large lots traders. These are usually large farms and maybe institutional firms who want their trades to be basically "off the charts" and not affect the overall market structure due to their large trading volumes.
This is why many farms use OTC instead of exchanges. They basically put their BTC in large lots and sell them that way, it never appears on the order books and in a bear market it doesn't create a huge sell-pressure due to the farms selling BTC to cover their electricity bills and equipment.
Either way, it signals growth which is good for bitcoin and crypto in general.
This is why many farms use OTC instead of exchanges. They basically put their BTC in large lots and sell them that way, it never appears on the order books and in a bear market it doesn't create a huge sell-pressure due to the farms selling BTC to cover their electricity bills and equipment.
Either way, it signals growth which is good for bitcoin and crypto in general.
I came across this recently - https://remitano.com/forum/my/post/225-remitano-launches-the-new-investment-channel-for-wholesalers-1
Remitano, a popular P2P crypto trading platform, just opened a wholesale trading market for big traders. You need at least 1.5 BTC per trade to be eligible to get very low fees.
Haven't seen this on any other P2P platforms so far, including Localbitcoins, Paxful, Luno, etc.
This is gonna be pretty useful for big traders. Thoughts?
Remitano, a popular P2P crypto trading platform, just opened a wholesale trading market for big traders. You need at least 1.5 BTC per trade to be eligible to get very low fees.
Haven't seen this on any other P2P platforms so far, including Localbitcoins, Paxful, Luno, etc.
This is gonna be pretty useful for big traders. Thoughts?
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