High-value payments don’t behave like everyday card transactions. When the amount is large, timing is tight, and stakeholders expect certainty, public exchanges and DIY flows quickly run into limits slippage, withdrawal caps, multi-hour confirmations, and unclear ownership when something goes wrong.

An OTC (over-the-counter) crypto desk solves this by quoting a firm conversion rate, coordinating the end-to-end movement of funds, and delivering fiat to your bank account often on the same business day (bank cut-offs and KYC dependent). Below is how WCT Pay’s OTC desk works, where it fits, and the controls finance and compliance teams can expect.

Supported assets at WCT Pay: DOGE, LTC, PEPE, SHIB, SOL, TRUMP, TRX, XRP, USDT

Settlement currencies: USD, EUR, GBP, AUD

What is an OTC crypto desk?

An OTC desk is a dedicated trading and settlement service for large crypto-to-fiat conversions. Instead of pushing funds through an exchange order book, you get a tailored quote and a human-assisted workflow that covers:

• Price lock for a defined window
  
  
• KYC/KYT screening and counterparty checks
  
  
• Operational coordination (timings, addresses, references)
  
  
• Conversion to your chosen fiat currency
  
  
• Settlement to your bank account with records you can file

The model prioritizes certainty, confidentiality, and speed over speculation or fragmented retail flows.

Why enterprises choose OTC over exchanges

• Predictable economics - A locked quote removes slippage anxiety on large tickets.
  
  
• Higher limits, fewer hops - Avoid withdrawal caps, fragmented liquidity, and multi-step transfers.
  
  
• Single accountable counterparty - One team responsible for quote, conversion, and settlement.
  
  
• Compliance-ready workflow - KYC, approvals, and auditable logs built into every step.
  
  
• Live coordination - Real people aligned to your timeline, banking windows, and internal sign-offs.

How WCT Pay’s OTC price-lock works (step-by-step)

1. Request a quote
   Share the asset (DOGE, LTC, PEPE, SHIB, SOL, TRUMP, TRX, XRP, or USDT), notional size, and preferred settlement currency (USD, EUR, GBP, or AUD).
   
   
2. Receive a firm quote & time window
   We provide a price lock with a validity window, fees, and the target settlement time.
   
   
3. Run controls
   Your entity and the transaction undergo KYC/KYT screening. If your policy needs approval tiers or limits, we mirror those.
   
   
4. Send crypto
   Transfer from your whitelisted wallet to the dedicated address. We confirm network receipt.
   
   
5. Convert & settle
   We convert at the locked rate and remit fiat to your bank, typically same-day if within banking cut-offs and all checks are cleared.
   
   
6. Receive records
   You get confirmations, receipts, and exportable statements for reconciliation and audits.

Note: Timelines depend on network finality, bank cut-offs, jurisdiction, and successful compliance checks.

Same-day settlement: what “good” looks like

• Clear cut-offs: Initiate before regional banking cut-offs.
  
  
• Ready compliance: Completed KYC and predictable origin-of-funds reduce friction.
  
  
• Pre-briefed treasury: Beneficiary details and payment references ready to avoid manual delays.
  
  
• Funding asset choice: Operationally, many enterprises fund in USDT (our supported stablecoin) for speed and predictability. Other supported assets are available per policy.

Controls finance and compliance teams will appreciate

• KYC & KYT built-in - Screening at entity and transaction levels with documented outcomes.
  
  
• Policy-based approvals - Thresholds, dual control, and named approvers supported.
  
  
• Source-of-funds evidence - Capture proofs and attestations where required.
  
  
• Audit-ready exports - Receipts, statements, and CSVs aligned to reconciliation flows.
  
  
• Counterparty transparency - Clear documentation of roles, obligations, and timelines.

When to use OTC (and when not to)

Ideal for:

• Real-estate deposits and completions
  
  
• Private aviation bookings and fuel
  
  
• Luxury retail high-value purchases
  
  
• Maritime port fees, bunkering, and services
  
  
• CFD/trading platforms treasury operations
  
  
• PSPs & cashiers consolidating merchant flows
  
  
• Insurance large premiums or claim payouts

Not ideal for: Small, high-frequency retail payments better served by API checkout or invoicing. (WCT Pay offers those rails, and they run alongside OTC.)

Example scenario (illustrative)

A buyer wants to complete a $1.2M property purchase in USDT; the seller needs USD in an escrow account today.

1. Broker requests an OTC quote from WCT Pay with asset, size, and settlement details.
   
   
2. WCT Pay issues a price-locked quote and a 45-minute window.
   
   
3. Parties pass KYC; escrow instructions are confirmed.
   
   
4. Buyer transfers USDT; WCT Pay confirms receipt on-chain.
   
   
5. Conversion executed; USD hits escrow within the banking window.
   
   
6. Broker receives receipts and statements; closing proceeds.

Outcome: timeline certainty, clean paperwork, and reduced slippage risk.

Implementation checklist

• Company KYC completed with WCT Pay
  
  
• Beneficiary bank details verified and on file
  
  
• Internal spending/approval limits documented
  
  
• Whitelisted sending wallet(s) confirmed
  
  
• Preferred assets and settlement currencies agreed
  
  
• SLA expectations aligned with regional bank cut-offs

FAQs

Which crypto assets are supported?
DOGE, LTC, PEPE, SHIB, SOL, TRUMP, TRX, XRP, and USDT.

Which fiat currencies can we settle to?
USD, EUR, GBP, or AUD.

Is the price lock guaranteed?
Yes within the quoted time window and provided funds arrive and pass checks during that window.

Can you settle to escrow or a designated vendor account?
Yes. Many enterprise flows route to escrow or to contracted counterparties with proper documentation.

How are fees presented?
All fees are shown with the quote. No hidden extras post-conversion.

What about reporting?
You receive receipts, statements, and CSV exports aligned to month-end reconciliation.

Where OTC fits alongside API and Invoicing

Many enterprises run OTC for large tickets and use API checkout or Crypto Invoicing for day-to-day operations. WCT Pay supports all three so your team can route each payment to the right rail.

Call to action

Ready to move a high-value crypto payment with price certainty and same-day settlement?

Use our OTC desk → wctpay.com/welcome/otc-desk

‍