Exchange Large Stablecoin Quantities in South Africa at the Best Rates
Exchange Large Stablecoin Quantities in South Africa at the Best Rates
The FiveWest trading desk offers the best trading conditions for individuals and institutions to execute large trades with no slippage.
The FiveWest trading desk offers the best trading conditions for individuals and institutions to execute large trades with no slippage.
Your Trading Partner of Choice
Your Trading Partner of Choice
As a central player in the South African OTC market, FiveWest has successfully traded over R500 million per month for the past three years.
As a central player in the South African OTC market, FiveWest has successfully traded over R500 million per month for the past three years.
Settle trades to your bank account in less than 5 minutes.
Convert between multiple crypto assets and fiat.
Competitive live rates offered.
Why Choose FiveWest?
Why Choose FiveWest?
FiveWest offers clients tailored solutions to meet their needs.
Vast Network of Partners
FiveWest sources liquidity from multiple trusted partners.
Dedicated Team
Support from experienced trading professionals.
Deep Liquidity
Execute large trades securely and efficiently.
FAQs
What is OTC trading?
Over-the-Counter trading refers to the direct buying and selling of cryptocurrencies between two parties, outside of traditional exchanges. In OTC trading, trades are facilitated by brokers, on behalf of their clients, at agreed upon rates.
What are the benefits of OTC trading?
OTC trading offers several unique benefits:
1. Trading OTC is an effective way to reduce slippage for large trades as deeper liquidity minimises market price fluctuations.
2. OTC trading desks offer flexible crypto-to-fiat and fiat-to-crypto trading pairs.
3. Registered OTC desks follow strict compliance standards, enhancing the overall security of transactions.
How does OTC trading work?
OTC trading desks facilitate direct transactions between buyers and sellers via a broker. OTC trading desks receive specific buy and sell orders from interested parties. The OTC broker provides a mutually-satisfactory quote for the trade and facilitates the negotiation between all participants in the trade. Once an agreement is reached between the buyer and seller, OTC brokers execute the trade off-exchange to minimse market impact. The buyer then transfers funds to the OTC desk, and once confirmed, the seller transfers the agreed-upon crypto assets. Finally, the OTC desks settles the sellers account instantly or at a predetermined time.
What are FiveWest's trading limits?
FiveWest offers personalized over-the-phone trading for transactions starting from a minimum of R250,000.00, with no maximum limit. Our instant buy/sell feature is ideal for those looking to automatically trade smaller amounts.
How do FiveWest keep funds safe?
FiveWest is integrated with Ceffu to ensure client's digital assets are safely stored and managed.
