How the Bitcoin OTC Desk Works

A complete walkthrough of how to purchase Bitcoin through our OTC desk — from account creation to delivery in your wallet.

Step 1 — Create Your Account

Register at GoldBuller by providing your name, email address, and a secure password. You'll receive a confirmation email to verify your address. Once verified, you'll have access to our customer portal where you can track your orders, manage your profile, and initiate the KYC process required for Bitcoin OTC purchases.

Step 2 — Complete KYC Verification

Know Your Customer (KYC) verification is required by US federal law under the Bank Secrecy Act (BSA) and enforced by FinCEN for all Money Services Businesses. You'll need to provide a government-issued photo ID (passport, driver's license, or state ID), proof of address (bank statement or utility bill dated within 90 days), a selfie holding your ID, and personal details including source of funds and purchase purpose. Approval typically takes 1–2 business days.

Step 3 — Submit Your OTC Request

Once KYC is approved, submit a Bitcoin purchase application through our secure portal. You'll specify the BTC amount (0.20 to 10.00 BTC per transaction), your Bitcoin wallet address (Legacy, SegWit, or Native SegWit), settlement preference (standard 24-hour or priority 4-hour), and wire details. Your price is quoted at application time but locked when your wire payment is received.

Step 4 — Send Your Wire Transfer

After submitting your application, you'll receive detailed wire instructions via email and in your account portal. Send USD via domestic ACH/wire or international SWIFT. Include your order reference number in the wire memo — this is critical. The wire must originate from a bank account in your verified name and must be received within 3 business days of application. Once we receive your wire, we lock your BTC price based on the current market rate plus our desk spread.

Step 5 — Receive Your Bitcoin

After your wire payment clears, our desk executes the BTC transaction to your verified wallet address. Standard timeline: within 24 hours of wire clearance. Priority timeline: within 4 hours of wire clearance. You'll receive an email confirmation with your transaction hash, the TX hash visible in your account portal for blockchain verification, and a downloadable PDF confirmation for your records.

Why Use an OTC Desk Instead of an Exchange?

• No Price Slippage: When buying large amounts on an exchange, your order moves the market against you. OTC desks provide a fixed quote with no slippage.
• Privacy: Your trade isn't visible on any public order book. No other market participants know you're buying.
• Personal Service: You work with a dedicated account manager who handles your transaction end-to-end.
• Regulatory Clarity: OTC desks like ours are registered MSBs with FinCEN, giving you the compliance assurance that many exchanges can't provide.

Who Is the OTC Desk For?

• Individual investors buying 0.20–10 BTC for their personal portfolio
• Business treasuries adding BTC as a reserve asset
• IRA investors using a self-directed retirement account to hold Bitcoin
• Family offices and HNWIs seeking discreet, private transactions
• Anyone who wants a fixed price with no exchange risk

Quick FAQ

What is the minimum purchase? 0.20 BTC (approximately $19,000 at current prices).

Is KYC mandatory? Yes. Required by US law under the Bank Secrecy Act and FinCEN regulations for all MSB transactions.

Can I buy more than 10 BTC? For purchases exceeding 10 BTC, please contact our desk directly for custom pricing.

What wallets are supported? All self-custody Bitcoin wallets — Legacy (1...), SegWit (3...), and Native SegWit/Bech32 (bc1...) addresses.