What Is OTC Crypto Trading?

An OTC(Over-the-Counter)crypto trade is a private way to buy or sell crypto. Instead of placing your trade on a public market where everyone can see it, you deal directly with a trading desk.

All you need to do is tell them how much crypto you want to sell or buy.They show you the price. If you agree, the trade happens immediately.

There is no public market, waiting for buyers or change in price while your trade is in progress

How OTC Trading Is Different from P2P and Exchanges

On a regular exchange, large trades can push the price up or down before the order is complete. That usually leads to losses.

On P2P, selling big amounts can mean waiting for many buyers, confirming multiple payments, and dealing with delays.

OTC trading on the other hand sits in the middle, you agree on one rate that is fair to both parties, move the full amount at once and get paid directly. That difference matters when the amount is large.

Who Uses OTC Crypto Trading in Nigeria?

• People selling large amounts of USDT, BTC, or ETH
• Crypto agents handling client funds
• Business owners receiving crypto payments
• Traders who want speed.

How Does OTC Crypto Trading Works in Nigeria?

A typical OTC trade usually happens this way:

1. You contact the OTC desk
2. Tell them the coin and amount
3. They give you a rate
4. You agree
5. You send your crypto or make payment
6. You receive settlement through a bank transfer or stablecoins.

How to Choose the Best OTC Desks 

• Speed of payment
• Quality of support
• Trust and public presence
• Ability to handle large amounts
• How smooth the process feels

10 Best OTC Crypto Trading Platforms

1.cubEx 

Cubex is a Nigerian crypto platform that helps people sell their crypto and receive naira straight into their bank accounts without stress.

Instead of searching for buyers or worrying about delayed payments, you simply send your crypto, see the rate clearly, and get paid once the transaction is confirmed. There is no back and forth, no screenshots to check, and no price changing halfway through the process.

Cubex supports many popular coins like Bitcoin, Ethereum, and USDT. Everything happens inside the app, from selling crypto to paying everyday bills. If you ever need help, support is available at any time.

For people who sell crypto often or want something they can rely on, Cubex offers a safe and predictable way to convert crypto to cash.

Why people use Cubex

• Direct bank payments: Your naira is sent straight to your Nigerian bank account after you sell.
• Clear rates upfront: You see exactly how much you will receive before confirming.
• No waiting for buyers: You don’t need to deal with other traders or follow up on payments.
• Fast processing: Transactions are completed without long delays.
• Always-on support: Help is available day and night if you need assistance.

2. Binance 

Binance is one of the most widely known names in crypto, and its OTC desk is where large trades usually go when privacy and scale matter.

When someone wants to move a large amount of crypto, placing that trade on a public exchange can cause prices to change before the transaction is completed. Binance OTC solves this by allowing buyers and sellers to agree on a rate privately. Once the price is confirmed, the trade goes through without drawing attention or affecting the market.

Because Binance already processes massive trading volume across the world, its OTC desk is able to support large requests without unnecessary setbacks. Trades are handled directly with the platform, and settlement follows the agreed terms once both sides confirm.

For traders and businesses that already use Binance, the OTC desk provides a more controlled way to move serious volume without market pressure.

3. Kraken 

Kraken has been around for a long time, and that history shows in how its OTC desk works. This is a place for people who want to move large amounts of crypto and prefer dealing with a real person rather than clicking buttons on a screen.

When you trade through Kraken’s OTC desk, you are not placing orders on a public market. You speak directly with the team, agree on a price, and complete the trade without the price shifting halfway through. This makes it appealing for people who care about stability, privacy, and clear communication.

Kraken is known for taking security seriously. Many traders trust it because it has stayed consistent over the years, even when markets became unstable. The OTC desk follows the same approach, keeping trades private and settlements clear.

4. Breet OTC Desk

Breet is a Nigerian crypto platform used by people who want to sell large amounts of crypto and receive naira directly in their bank accounts.

The process follows a clear path. You send your crypto, Breet provides a rate, and once you accept it, the payment is sent to your bank. You are not placed in an open market, and you do not need to interact with other traders to complete the transaction.

This setup works well for people moving sizable amounts of USDT, Bitcoin, or Ethereum, including brokers, businesses, and individuals who prefer fixed pricing and direct settlement. Transactions are completed privately, and the full amount is processed at once.

5. Coinbase Prime OTC Desk

Coinbase Prime is the part of Coinbase used by companies and individuals who move large amounts of crypto and want a controlled way to do it.

It allows people to buy or sell crypto in bulk without placing trades on open markets. Prices are agreed on directly, and once confirmed, the trade is settled as a single transaction. This helps avoid price changes that often happen when large amounts are traded publicly.

Coinbase Prime is backed by Coinbase, a company based in the United States that works under strict financial rules. Because of this, many firms and long-term investors choose it when regulation, record keeping, and asset protection matter to them.

6. Bitmama OTC Desk

Bitmama is a Nigerian crypto platform that also offers OTC trading for people and businesses moving larger amounts of crypto.

It allows you to sell or buy crypto in bigger volumes and receive naira directly in your bank account. Many people choose Bitmama when they want to move more than regular app limits without going through public markets.

The OTC service is supported by a local team that walks clients through the process, from price discussion to payment. Trades are agreed on privately, then settled as one transaction, which helps avoid price changes during the process.

Bitmama works mainly with popular coins like Bitcoin, Ethereum, and USDT, which covers most high-value trades in Nigeria. You can also complete trades through their mobile app, which makes access easier for people who prefer using their phones.

7.Roqqu OTC Desk

Roqqu is a Nigerian crypto app that allows people to store crypto, trade it, and also move large amounts through its OTC service.

The OTC desk is used by people who want to sell sizable amounts of crypto and receive naira directly in their bank accounts. Trades are discussed privately, the rate is agreed on, and payment follows once the crypto is confirmed.

Roqqu works well for people who prefer keeping everything local. The app supports common coins like Bitcoin, Ethereum, and USDT, which covers most high-value trades in Nigeria. 

8. Remitano 

Remitano is a peer-to-peer crypto platform that connects buyers and sellers directly, with strong usage across Nigeria and other parts of Africa and Asia.

It does not run a classic OTC desk with account managers. What it offers instead is a large-trade option that works in a similar way. When someone wants to move a bigger amount of crypto, they can trade directly with verified partners on the platform, away from public order books.

This option is often used by people who want more control over who they trade with. Payments can be made or received in naira, and the platform holds the crypto in escrow until both sides complete their part of the deal. 

9. Yellow Card OTC

Yellow Card runs an OTC service for people and businesses that need to move larger amounts of crypto across African markets.

The platform works across several countries, including Nigeria, Ghana, Kenya, and South Africa. This makes it useful for traders and companies that deal with cross-border payments or receive crypto from different parts of the continent.

When using Yellow Card’s OTC service, trades are arranged directly with their team. Rates are discussed upfront, and settlement happens through local payment channels that work in each country. Many users prefer this setup because it combines local payment access with a single platform they can use across regions.

10. OKX Block Trading

OKX offers an OTC option through what it calls Block Trading. This is meant for people who want to move large amounts of crypto in one transaction without placing the trade on a public market.

The process works by arranging the trade privately after verification. Once the amount and price are agreed, the transaction goes through as a single deal rather than being split into many smaller ones. This helps traders avoid price changes that can happen when large orders appear on open markets.

FAQs About Crypto OTC Trading Platforms

Is OTC trading safe?

OTC trading can be safe when done through reputable platforms. Look for clear pricing, proper verification, and transparent settlement processes. 

What is OTC crypto trading?

OTC means Over-the-Counter. It refers to buying or selling crypto through a private arrangement rather than on a public exchange. You agree on a price first, then the trade happens directly. The transaction does not appear on an open order book.