Ndax Wealth - OTC Trading in Canada Made Simple

Cryptocurrency is increasingly becoming an important component of financial operations for businesses, institutions, and high-net-worth individuals. For those looking to securely trade large volumes of cryptocurrency in Canada, over-the-counter (OTC) trading offers a direct, confidential, and efficient solution.

At the forefront of this space is Ndax Wealth, offering a regulated and personalized OTC desk specifically designed for trades of $25,000 CAD or more. Whether you're a business managing treasury operations or an investor seeking fast execution without affecting the platform order book, OTC trading with Ndax offers a premium experience. 

Over-the-counter (OTC) trading refers to the process of executing large crypto transactions directly between two parties, without using a public order book. Unlike conventional crypto platforms where large orders can create price movement or face slippage, OTC trades occur discreetly and are handled off-exchange.

Key advantages of OTC trading include:

• Locked-in pricing, typically ranging from 0.5% to 2% of the order size, depending on trade size and market conditions.
• Private and secure execution, limiting public visibility and potential market impact.
• Faster execution with the support of a dedicated account manager, especially for large orders that might take longer to fill completely on the open platform.

This method is ideal for institutional investors, corporate accounts, and individuals executing high-value trades who require speed, discretion, and reliability. 

Trading OTC in Canada involves a simple process that any experienced or inexperienced investors can easily follow. 

1. Choose a Reliable Platform
   Look for reliable platforms such as Ndax, which is regulated, secured, and well equipped to handle large-scale transactions.    
2. Contact the OTC Desk
   Initiate your trade by contacting the OTC desk and providing the necessary trade details, including the cryptocurrency, amount, and whether you wish to buy or sell. Book A Meeting
3. Receive a Real-Time Quote
   The OTC desk will provide a fixed-rate quote, offering transparency and instant trade finality when conducting the trade.
4. Confirm the Trade
   Approve the quote to lock in the rate, and the trade will be executed promptly. 

At Ndax, we simplify this process, ensuring all clients experience rapid execution and white-glove service. 

OTC trading isn’t for everyone, but it plays a crucial role for:

• Traders looking to buy or sell large volumes without influencing market prices.
• Institutional investors who require tailored trading solutions for operational and portfolio management needs.
• Businesses diversifying into digital assets or using cryptocurrencies for operational purposes.

If you're trading amounts exceeding $25,000, OTC is an potential solution for mitigating price volatility and accessing tailored support. 

Ndax’s OTC desk offers seamless and secure trading for large-volume transactions. Here’s how it works:

1. Email Details of Your Trade
   Send an email using the email address associated with your Ndax account, specifying the cryptocurrency and trade size.
2. Locked-In Pricing
   Ndax’s licensed representatives respond to your email and can provide you with a fixed quote.
3. Confirm and Execute
   Once the quote and pricing are approved, we'll execute the trade immediately. 

Trading via Ndax's OTC desk has several unique advantages over regular market transactions:

Security and Regulation
Ndax is regulated by the Canadian Investment Regulatory Organization (CIRO), and is also regulated by other authorities including FINTRAC and Revenu Québec. Ndax is a member of the Canadian Investor Protection Fund (CIPF), which provides coverage for fiat funds of up to CAD 1 million. If you’d like to learn more about CIPF, please see our Risk Statement here.

Rapid Email Support
Ndax’ OTC desk ensures personalized, real-time assistance with quick customer support. We offer 24/7 support, available when clients reach out via email or connect with their dedicated account manager.

USD and CAD Purchases
Ndax simplifies fiat-to-crypto conversions, making it accessible for Canadian clients to access OTC using CAD and USD without additional conversion costs.

Deeper Liquidity
Backed by partnerships with leading liquidity providers, Ndax ensures deep liquidity with zero price slippage. This enables our clients to access instant trade finality without having to worry about mid-trade changes. 

Opening a business account with Ndax is straightforward:

1. Complete the Business Application Form
   Fill in the required details and attach documentation proving your business's legal existence (e.g., Business Registration, Certificate of Incorporation).  
2. Additional Documents
   You may need to provide enhanced identity verification, such as proof of directorship or a corporate resolution.  
3. Set Permissions
   Grant multiple user access to your business account with tailored permissions for trading, management, and withdrawals.

With these simple steps, businesses can unlock deeper liquidity and access white-glove OTC services. 

Does Canada Have an OTC Market?  

Yes, Canada has a robust OTC market, with platforms like Ndax offering tailored OTC services designed for Canadian businesses and investors. These platforms provide premium options for large-scale crypto transactions, ensuring security and efficiency.

How Does Buying Crypto OTC Work?  

OTC transactions could allow investors and users to trade cryptocurrencies without having to use traditional platforms. Clients place an order, and transactions are completed once approved by the client at a set rate. There is no slippage and no multi-transactions, allowing the trade to be executed at a locked-in price.

What Are OTC Fees?  

Ndax’s OTC fees range from 0.5% to 2%, designed to provide competitive pricing for high-volume or complex trades. While standard exchange trades on Ndax have low fees—just 0.2%—and may incur little to no slippage for smaller orders (e.g., a $25,000 CAD BTC buy with a limit order), OTC trading can offer added value through personalized service, deeper liquidity, and the ability to execute larger transactions without moving the market.

How to Make a Booking? 
Booking an OTC trade with Ndax is quick and easy. Our dedicated OTC team is ready to assist you every step of the way—from quote to execution. 
Click here to schedule your OTC trade