Oops! Sorry!!


This site doesn't support Internet Explorer. Please use a modern browser like Chrome, Firefox or Edge.

Private & Descreet Crypto OTC Procedures

Starting With A Few Smaller Test Transactions:

NEW RELATIONSHIPS ARE ADVISED TO DO A FEW TEST TRANSACTIONS

In the begining of a new relationship to establish transaction history, transparency, and trust, OCM encourages all new OTC customers to start out with a small transaction amount and work their way up. 


Example would be once customer is boarded then they would start with 1 - 5 BTC and then we agree to double that amount every day for 5 days depending on the total amount the buyer/seller is looking for. Again we only recommend this to get the customer comfortable if they are hesitant.


So lets say a seller is looking to liquidate 500 Bitcoin. The seller can pick 1-5 BTC to start as a test transaction for example purposes lets say they pick 5 BTC. We do 5BTC the first day, 10 BTC the 2nd day, 20 BTC the 3rd day, 40 BTC the 4th day and 80 BTC the 5th day. That is a total of 155BTC already bought/sold helping to establish a solid relationship with the new OTC customer while reducing worry, concern or any assumed risk that customer may feel they have.

PROCEDURES & STEPS TO TRANSACT

Step 1:

Legacy Wealth Planning & Compliance Check 

Its super important that all potential US based clients understand that if you are looking at selling or buying Bitcoin that its best to put a tax plan in place to help you minimize tax deductions. You can put Millions back into your pockets with the proper plan. We are one of the few who do this and as an OTC the ONLY ONE who does this. We know Wealth Management and IRS laws (our other company Obsidian Wealth Management would handle this) which allows us to better position you with the right type of protection and drastically reduce liabilities. With the IRS cracking down and obtaining a cash injection of over $80million dollars in stimulus money, they will be doing lots of audits. Should you choose to not obtain a Legacy Wealth Plan which has a recommended dontion amount (its a tax deduction to you when you pay us at no cost because its some of the funds you would have to pay the IRS anyways), then we encourage customers to get setup with a Wyoming corp entity or Trust. WY has no state taxes on crypto or income and so that we remain compliant with our licensing ect. If they do not comply with this then we are not able to work with them on the OTC side. Our other services we can but not via OTC.


WY is the best cryptocurrency state in the country with respect to no state crypto taxation, no state income tax, no gross receipts tax, no franchise tax, low annual report costs, high respect for property and asset rights as well as protections, excellent charging order protection and much more. Its to our customers benefits to get setup with a entity and home base there. If you need help setting this up which is very worth it in the long run and streamlines doing business wit us, then our sister company does estate planning and corporate entity setups very quickly (1-2 days) and for a low cost. Wyoming has many benefits and our sister company Obsidian Wealth Management helps set those up very inexpensively and based on how many BTC you are selling or buying we can provide a Savings Benefit Analysis.

Click To Register

Step 2:

Register Online & Complete Onboarding

Here is where you will complete the onboarding process. This is uploading all the documents required and finishing KYC/AML getting full approval. As a regulated entity we are licensed to work in WY and MT. 


If you are international then that is great as long as its in approved countries such as Canada, Mexico, UK, Japan, Dubai, Chili, Denmark, Switzerland to name a few.


Lawfirms: If a buyer or seller has legal representation and they are holding the assets of the buyer or seller (crypto or USD) then the attorney/lawfirm must obtain a NDA, then pass KYC/AML and provide all required documents which are the following but not limited to: A signed NDA, Legal Power of Attorney, A Client Engagement Letter or some proof they are legally representing the client and have completed verification on behalf of that client. An attorney verification call will be performed. We will still need the WalletID the coins are coming from (as it must be the Attorneys custody wallet.) 

Step 3:

Verification & Spot Pricing

After obtaining all the documents in step 2 above and getting an approval via KYC, we then setup a group chat on Signal and the buyer/seller will tell us how many coins they want to sell or buy. Then, we quote spot price, they accept and then they send us the amount of coins to their dedicated insured Obsidian OTC wallet or they send us a bank wire for the exact total. Our Fee (see below) will come out of that total. So the buyer/seller will get what ever the spot price is, less our transparent fee.


For larger deals (as an example 150 BTC per day for 40 business days) will require an agreement for esignature that will be sent out during this step. Spot price would be quoted daily as the trades begin but at least one weeks worth of trades must be sent to OCM via coins or USD.

Step 4:

Confirm-Close

After step 3 is completed (and any agreements for longer daily trades are signed,) the spot price trade amount has been communicated, funds or coins are in OCM custody, then we will then close by sending you your coins directly to your wallet of choice or bank wire funds directly to your bank. This usually happens same day and you will receive a receipt of the transaction. If in a contract with us, then we will look to execute another trade that day on your behalf however for all longer daily trades, we need agreements in place and at least 1 weeks worth of trade funds or coins in our posession in order to execute and close daily. At the end of every week on Friday before noon, they fill us up again with more funds or coins and we prepare for the following week as stated in the trade agreement.

OCM'S AVAILABLE CRPYTOCURRENCY OPTIONS

  • Aave (AAVE) available from Obsidian Capital Management

    Aave (AAVE)

  • BAT Token from Obsidian Capital Management

    Basic Attention Token (BAT)

  • Bitcoin Cash Available via OTC through Obsidian Capital Management

    Bitcoin Cash (BCH)

  • Bitcoin SV available via OTC through Obsidian Capital Management

    Bitcoin SV (BSV)

  • Bitcoin (BTC)

  • Binance USD Available via OTC through Obsidian Capital Management

    Binance USD (BUSD)

  • Cardano Available via OTC through Obsidian Capital Management

    Cardano (ADA)

  • Chainlink (LINK) Available via OTC through Obsidian Capital Management

    Chainlink (LINK)

  • Compound Available via OTC through Obsidian Capital Management

    Compound (COMP)

  • Dai Available via OTC through Obsidian Capital Management

    DAI Stablecoin (DAI)

  • DogeCoin Available via OTC through Obsidian Capital Management

    Dogecoin (DOGE)

  • Ethereum Classic Available via OTC through Obsidian Capital Management

    Ethereum Classic (ETC)

  • OCM's OTC Liquidity with Ethereum

    Ethereum (ETH)

  • Filecoin Available via OTC through Obsidian Capital Management

    Filecoin (FIL)

  • Litecoin (LTC) Available via OTC through Obsidian Capital Management

    Litecoin (LTC)

  • Maker (MKR) Available via OTC through Obsidian Capital Management

    Maker (MKR)

  • Paxos Standard (PAX) Available via OTC through Obsidian Capital Management

    Paxos Standard (PAX)

  • Paxos Gold (PAXG) Available via OTC through Obsidian Capital Management

    PAX Gold (PAXG)

  • Polkadot (DOT) Available via OTC through Obsidian Capital Management

    Polkadot (DOT)

  • Polygon (MATIC) Available via OTC through Obsidian Capital Management

    Polygon (MATIC)

  • Ravencoin (RVN) Available via OTC through Obsidian Capital Management

    Ravencoin (RVN)

  • Stellar (XLM) Available via OTC through Obsidian Capital Management

    Stellar (XLM)

  • Sushiwap (SUSHI) Available via OTC through Obsidian Capital Management

    Sushiswap (SUSHI)

  • Tether (USDT) Available via OTC through Obsidian Capital Management

    Tether (USDT)

  • Uniswap (UNI) Available via OTC through Obsidian Capital Management

    Uniswap (UNI)

  • USD Coin (USDC) Available via OTC through Obsidian Capital Management

    USD Coin (USDC)

  • Wrapped Bitcoin (WBTC) Available via OTC through Obsidian Capital Management

    Wrapped Bitcoin (WBTC)

  • 0x (ZRX) Available via OTC through Obsidian Capital Management

    0X (ZRX)

  • OTC EDUCATION ON PROPER EXPECTATIONS

    The Reality Of Trade Sizes

    Here are some things that will hopefully set proper expectations. No buyer or seller can nor will they ever buy/sell 100,000 Bitcoin in one transaction. Even if you put all of the largest exchanges together they typically don't have that all on hand for one day's trade. Not to mention most banks will not allow that large amount to come through without some type of hold. Can you get Bitcoin bought or sold in larger quantities? Absolutely but here are the proper expectations.


    The average higher daily trade (per trade) is around 250-500 BTC per day. This is pretty decent volume of around $14m to $30m per day depending on BTC price and drastically reduces slippage more than the higher amounts. Now can 1,000-2,500 BTC trades be done per day, yes but you get exposed to a tad more slippage. This may come from mulitple liquidity providers in multiple trades and may take a little bit to coordinate but yes its doable. Anything higher than that is typically doable but takes days to get setup in which you could already be hitting that by doing

    1,000 - 2,000 per day depending on the size.The best way to do these transactions are keeping is below the 2,500BTC per day mark with your occasional larger ones above 5,000 BTC. 

    NO FEES - Lack of Transparency

    Many OTC desks will try to tell you there is no fee, when in all reality there is. They are just not disclosing your fee which means they can quote you any spot price with any fee built into it. Example, with us we are transparent with our donations as they are a per transaction volume mbasis. Lets say you are looking at buying 25BTC which has a donation of 1.99% to OCM) and if we communicate a spot price of $58,350 which is 24.5025 BTC (with our fee), that is what we were getting the spot quote from our liquidity provider. Our transparent fee is a tax deductible donation since we are a non profit trust. That means you get the deduction for it and we disclose what you donated.


    Those that build their fees into spot may have quoted you for the same transaction size which was a donation to OCM for 1.99%, with them they may have built in a 2.5% into your spot price quoting you $59,808.75 when actual spot is $58,350, thus getting you only 24.3902 BTC so buyer/seller beware! We are very competitive with our fee and are very transparent so you always know what you are getting. Again that fee is a donation that you can write off for our services.

    Going Through Mandates or Attorneys

    Now there are high net worth individuals who may use family offices, or have attorneys that they work with. We are prefectly ok working with attorneys however they must be holding the assets of the buyer or seller (crypto or USD) and the attorney/lawfirm must obtain a NDA, then pass KYC/AML and a legal representation letter stating they are abiding by FINCEN regulations and have conducted KYC/AML on their customer and have taken full custody of their assets while obtaining the ability to transact on their behalf. At that point we will ask attorney to provide a satoshi test of $1 to $5 to validate the wallet and coins are in their custody if selling on larger contract.


    Any and all "Mandates" that are not lawfirms, attorneys or legal fiduciaries must provide direct access to buyer or seller who will need to conduct NDA/KYC/AML. We can only work with licensed Attorneys or Fiduciaries licensed with the BAR, FINRA, FINCEN or NASAA who have legal and ethical duties to manage a persons assets or finances that has power of attorney or fiduciary agreement such as a trustee agreement verifying their stature and disclosing their licensing.

    ENQUIRY

    DID WE JUST BECOME BEST FRIENDS?

    When you partner with Obsidian Capital Management for your digital asset needs, you get far more than just a single solution company, you get a purpose driven partner. Click the Register Button below to register or if you want to speak to one of our advocates, then Click Schedule A Call button.


    Click To Register!
    Click To Schedule A Call!

    1712 Pioneer Ave Suite 2485

    Cheyenne WY 82001