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When large payments need price certainty, speed, and a paper trail.
The request usually arrives after hours. A buyer wants to place a big order. Treasury needs to rebalance today. A partner asks for funds in local currency now, not when wire windows open. Retail checkout rails weren’t built for this. You need size, timing, and records that a CFO and an auditor can live with.
That’s why OTC (over-the-counter) trading exists. It’s a human-assisted lane for large crypto transactions with firm quotes, fast conversion, and fiat settlement to your bank. Think of it as a private bridge between “we’re ready to move” and “funds posted.”
What OTC changes
OTC doesn’t reinvent your accounting. It changes the last mile so you can move value when intent peaks without asking Finance to relearn the books.
- Price certainty at size. You receive a live quote and a lock window instead of chasing slippage across public order books.
- Push funding, clean conversion. You fund the trade; the desk executes and converts behind the scenes.
- Fiat on your books. Proceeds settle in USD, EUR, GBP, or AUD, ready to reconcile.
- Receipts that read like your ledger. Quote ID, amounts, FX and fees, timestamps, and your business references.
A day in the life of an OTC trade
Quote
Your team shares the basics: asset, size, target settlement currency, and timing. The desk replies with a firm price, fees/spread, and a lock duration (e.g., 60–180 seconds). No pressure; accept or pass.
Accept
Say “yes” and the clock starts. A ticket opens with a Quote ID and the details Finance will later see on the receipt.
Fund
You push funds to the provided address (or initiate the agreed fiat leg). A dynamic QR and a short rate-lock window keep everyone aligned on the amount.
Convert
Once confirmations land, the desk executes the conversion with coverage designed for size, not retail slippage.
Settle
Funds post to your bank in your chosen currency. You receive settlement.posted and a receipt that documents every step.
The entire path is simple on purpose: quote → accept → fund → convert → settle. No mystery hops. No daisy chain of correspondents.
What Finance sees
Every entry carries the facts you close on:
- Business references: order/invoice ID, customer/account ID, PO or deal code
- Trade references: Quote ID, asset and size, executed price, FX, fees
- Money & timing: settled amount, USD/EUR/GBP/AUD, confirmation/settlement timestamps
- Traceability: receipt ID and, where relevant, a transaction hash
Exports arrive as CSV/Excel; statements group by brand, region, or channel; webhooks can post straight into your ERP. Month-end is review, not detective work.
When OTC is the right rail
- High-value checkouts: deposits and finals in automotive, luxury, or equipment
- B2B invoices & milestones: clear this week, not next
- Treasury moves: convert operating balances with timing control
- Cross-border payouts: settle to local currency without extra FX hops
Typical assets supported: USDT, SOL, TRX, XRP, DOGE, LTC, PEPE, SHIB, TRUMP.
Settlement currencies: USD, EUR, GBP, AUD.
Controls a CFO can defend
Speed only matters if governance travels with it.
- KYC/KYB and ongoing monitoring
- Allow-lists for assets and regions
- Role-based approvals for quotes, trade acceptance, and refunds
- Immutable logs & downloadable statements for audit
- Refunds in fiat tied to the original receipt when reversals are required
It’s a faster rail with a conservative spine.
How to prepare
- References you require on every receipt (order/invoice, account, cost center/GL).
- Settlement account per currency (USD/EUR/GBP/AUD).
- Approval thresholds for who can request, accept, and refund.
With those choices made once, the rest becomes muscle memory.
The takeaway
OTC is not about flash; it’s about certainty. A quote you can rely on. A conversion sized for your needs. Settlement in the currency your books understand. And records that make the close day quiet.
Move large payments with confidence from quote to settlement, end to end.
Start an OTC conversation → https://wctpay.com/welcome/otc-desk
