Post
Topic
Board Hardware wallets
Re: Trezor Suite 25.3.2 introduces an OTC Trade Feature
by
Coin-Keeper
on 13/04/2025, 21:23:37 UTC
I am trying to visualize how this feature would help me.  Assuming I am going to play nice and submit to KYC and Taxes  ------ >

Currently I transfer some hardware wallet  BTC to an exchange as BTC in my account at the exchange if I want some cash.  Then I swap the BTC out for my local currency (1-1.5 % swap fee) still in my exchange account as currency.  That takes about 15 minutes or less.  Then I wire transfer the funds directly to my bank for free and the whole thing is done with fully liquid cash in my account in about 2-3 hours.  Simple, fast, safe for me.  I am not limited by the 50K threshold.  When BTC = 100K the 50K threshold though would be hit at only  .5 BTC so that could happen to folks.  Either way how would my trading .5 BTC using OTC be any better than my current method?  I don't care about saving a few cents either way on such a transaction.  However; I am kind of cheap so I do watch expenses if they are significant.