OTCbid - 187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

" Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) from exchange-owned cold wallets.

In February, Coinbase had 1 million bitcoin under management and today reserves are down over 9% as 92,000 bitcoin ($1B) has left the exchange. Today, according to Bituniverse’s online exchange balance rank tracker, the San Francisco trading platform has 908,560 BTC under management." - Read Full Article

Source: Bitcoin


-5% Gross , -2% Net, Bank, Escrow, Liechtenstein, Swiss

Look For Seller Mandate Only -

NEW: 50K BTC @ -5% gross, -2% net, F2F, Escrow, Bank, Liechtenstein, Lugano, Switzerland - Look For Seller

(Buyer: PK GL)

Post: 19.10.2020​

  • A buyer want to purchase 50K BTC at -5% gross, -2% net

  • Buyerside = 1.5%

  • Sellerside = 1.5%


  • The transaction for the exchange of Bitcoin and Funds between Buyer and Seller will work under strict FINMA rules in a transparent way.

  • The Buyers Bank, located in Liechtenstein will work as Escrow, using her secured own Bank Wallet for receiving the Bitcoin of the Seller.

  • An appointed Exchange in Switzerland will be responsible for completing the chain analysis on the proposed transaction wallets and collecting the needed documents.

  • The Buyer already on-boarded and passed the Due Diligence of the Liechtenstein Bank.

  • Transfer of the purchasing amount can be realized by: Ledger to Ledger (please look at the Bank Information / Procedure below); First Steps to complete for positive transaction

  • 1. Buyers representive will forward an LOI incl. the Procedure and the agreed terms and conditions direct to the hands of the Seller.

  • 2. Seller will send KYC and copy Passport to the Exchange only for Due Diligence purposes;

  • 3. Seller will forward the signed message from the wallet to the Exchange in order to do the needed test of the wallet (Forensic Test); No Satoshi needed. We prefer to use a more sensible method – sending a signed message from the wallet, which is a verifiable test that is reusable across different buyer groups.

  • 4. SPA will be forwarded to the Seller

  • 5. Face to face meeting will be arranged between direct counterparties will be arranged in the office in Lugano/Switzerland.

Information of the Bank (Procedure):


  • To ensure the quality throughout the process , both parties need to have a banking relationship with the Bank. Assumption: Crypto Swap without involvement of an introducer.

  • Both parties are on-boarded with the bank; Various checks;

FIAT Assets in CHF or EUR are fully deposit on an account of the Bank; Source of Funds checks are conducted successfully;


Interested parties should contact :



  • DM Raymond Chai (on Linkedin)

  • Telegram @ OTCbidcom

  • Telegram: +1 (786) 632 8577


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