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I get what your saying in regards to this not being a smart business idea for me to follow. Right now I am just very interested in how OTC brokers work and how one can on-ramp and off-ramp large amounts of crypto without using a formal exchange. Again, thank you very much for your informative...

I am assuming that websites like localbitcoins and bitcoin-OTC connect buyers and sellers, but where is the room for the broker here? In a certain way, isn't localbitcoins and bitcoin-OTC the broker? Just like a p2p exchange? I am interested in setting up a service, not investing my own money...

Thanks for providing these insights into the crypto OTC market. Can you recommend any resources that one can look at to learn more? It sure seems that the world of OTC brokers is much more complicated than meets the eye.

That is true, but shouldn't a lawyer at least know about such strategies to advise clients who have used these techniques and are curious about the legal issues they might face? You should see the look on the faces of some of my professors when I spoke with them about offshore lol. It's like...

No disrespect intended, but you consider Western Europe more dangerous than Eastern Europe? You might end up surprised.

I agree with you one hundred percent. When I took the tax planning course at my law school, tax planning (as I understand it from my time on OCT) wasn't even taught.

Thanks man

What does it mean for the OTC desk to distribute the coins in the open market? Does this mean that they sell the crypto through their connections on the exchange? So OTC broker have pre-existing relationships with larger exchanges. When someone (say a trader) wants to sell a lot of coin without...

My experience so far tells me Sols is correct. I, maybe, knew of 4-5 of these providers from my Google term searches. One of the things I found so frustrating was trying to retrieve good information on Google. Apart from Google searches, I've learnt mostly by reading books and searching through...

Thanks for this Diatessaron! I was under the assumption that OTC brokers are simply intermediaries between two parties -- buyers and sellers. I am curious to know how and why an exchange (i.e., Bitfinex) factors into this. Are OTC brokers usually connected to exchanges in some way? Is OTC...

I agree!

Thanks for this Sols! God bless you :cool:

Perhaps this is a silly question, but other than setting up a website, marketing, etc, what is the purpose of the initial capital? Isn't the whole idea that the OTC broker is an intermediary between a buyer and a seller? Wouldn't the focus be on networking and advertising your services?

My interest in the OTC market sprang from reading about OTC brokers in the crypto market. I've read there is a decent amount of money to be made in brokering crypto deals. But when I try to find out more about how one goes about entering the market as a broker I come up short. I've read that a...

Thanks for this KDX. I very much understand your point and appreciate your advice :) May I ask: do you know of other service providers that sell asset protection services as a reseller? Last edited: Jun 16, 2022

Double thanks for this GoldenFleece! I greatly appreciate the advice!

Fair enough. I have started scanning the forum using the search function. I have found some useful material, but nothing directly related to the purpose of this thread (i.e., how to go about forming relationship with other service providers with a view to setting up an offshore practice). If you...

Thanks for the reply GPT! STEP does seem to be the go-to place for estate planning and asset protection. I am going to take their Taxation of Trusts and Estates early next year with the goal of ultimately attaining the TEP designation. Cool thing is that STEPCanada will grant me credit for two...

That would be very, very much appreciated! Although I don't believe there are any corporate service providers in my area that sell foreign corps. From what I've seen it is mostly internal corps/businesses (LPs, LLPS, and ULCs) focused mostly on specific provinces (Ontario, BC, Alberta). Send me...

Sols: Can you PM me? I'm not sure how to initiate a private convo with you on OCT.