Services · 02

Bank Wire & OTC Desk

Five- and six-figure settlements, quoted by a human trader and normally executed the same day.

LimitUp to $100,000+
SettlementNormally same day, once funds arrive
PaymentBank wire
WhereIn store, by appointment

How it works

One appointment, one wire, coins the same day.

1

Book the desk

Book online or call (888) 811-2646. Bring a government-issued photo ID to your appointment.

2

Confirm your quote

a trader quotes your size against the live market and confirms it with you. No order book, no slippage.

3

Wire and settle

Send the wire from your bank. Once funds arrive, your coins normally settle to your wallet the same day.

Built for size

The desk exists for trades that don’t belong at a counter.

  • Businesses and funds. Corporate buys, treasury moves, and high-volume personal trades.
  • A human on the other side. You deal with a trader who quotes your whole size at one confirmed rate.
  • Fully compliant. FinCEN-registered MSB, ID verification on every settlement.
Bank wire and OTC desk at The Bitcoin Store

The trade this desk was built for

Someone has held Bitcoin since well before it was easy to buy, and now needs a real amount of it in a bank account: a house deposit, a tax bill, a business purchase, a decision to take some risk off the table. On an exchange that is a multi-day exercise in withdrawal limits, holds and a support queue that answers by email. It is also the moment when a large transfer to a bank account gets flagged and frozen, because nobody told the bank it was coming.

The desk exists for that trade. You get a quote on the whole position at once rather than watching an order book fill in pieces, a named person handling it, and a paper trail your bank will accept. Most clients who use it once use it again, because the second time takes a phone call.

How pricing works on size

Large trades are not priced like small ones. We quote the whole amount as a single number, you see the rate and the fee together, and the quote holds for the window we tell you when we give it. If you accept, that is the trade. If the market moves while you think about it, we requote rather than quietly filling you at a worse price.

What moves a quote is size, the coin, and how quickly you need settlement. What does not move it is who you are or how the call goes. Ask for the number in writing before you commit; any desk worth trading with will give it to you.

What the desk needs from you

We are a registered Money Services Business, so trades of this size come with paperwork. Having it ready is the single biggest thing that turns a two-day settlement into a same-day one.

  • Government photo ID, and for a business account, the entity documents and the names behind it.
  • Bank details for the receiving account, in the same name as the person or entity trading.
  • Source of funds or source of coins for larger tickets. Where it came from, in plain terms. Exchange statements, purchase records or a mining history all work.
  • A heads-up to your bank if a wire of this size is unusual for the account. This prevents more delays than anything else on the list.

None of this is unusual for the amounts involved, and it is the same set of questions any licensed counterparty will ask. A counterparty that asks for none of it is the one to worry about.

Same-day, at size

Most trades settle the day you start them. Cash at the counter settles immediately; wires sent before the cut-off usually land the same afternoon. Whether a specific amount can be executed today depends on the size, the coin and the time you walk in, so the honest answer is to call the desk and ask. We would rather tell you Thursday than have you plan around Wednesday.

Common questions

Can my business trade with you?
Yes. Our OTC desk works with businesses and high-volume traders. Book a desk appointment and we’ll walk you through what your business needs to get set up.
How is your rate set?
Quotes are based on the live market rate at the moment you trade, the same prices you see on our Live Market page. You approve the quote before anything moves.
What are your fees?
The rate we quote is the rate you pay. The price is confirmed with you before your wire goes out. Your fee is shown before you pay, no surprises.
How long does a wire actually take?
Domestic wires sent before the cut-off normally land the same business day, often within a few hours. Wires initiated late in the day land the next morning. Weekends and bank holidays do not process. If your paperwork is already on file, the trade itself is the fast part.
What is the minimum for the desk?
The desk is built for trades above the walk-in cash range, roughly $50,000 and up, and regularly handles $100,000 and beyond. Below that, the counter is faster and simpler. Call and we will tell you which one fits your trade.
Can I sell into a wire instead of buying?
Yes. Selling a position and settling to your bank account is the most common use of the desk. Same process in reverse: quote on the whole amount, you approve it, coins move, wire goes out.
Why do you ask where the coins came from?
Because federal law requires it of a registered Money Services Business at these amounts, and because the paper trail protects you as much as us. A documented, reported trade is the version your bank and your accountant can both work with.
Do you give tax advice?
No. We give you a complete record of the transaction, which is what your accountant needs. Selling Bitcoin is generally a taxable event in the United States, but what that means for your return is a question for a tax professional, not for us.

More ways to trade

Talk to the desk

Tell us your size and direction. You’ll have a confirmed quote before any money moves.