Risk Management

Reducing Counterparty Risk in OTC Crypto Deals with OTCShield

Learn how OTCShield minimises counterparty risk in high-value, over-the-counter crypto transactions, offering increased security and trust.

Over-the-counter (OTC) crypto deals are essential for large investors who need to avoid the price volatility that occurs with trading on public exchanges. However, these deals come with unique risks, particularly around counterparty trust. Web3Vetting’s OTCShield is designed to address these challenges and provide a safe, transparent environment for OTC transactions.

The Importance of Counterparty Verification in OTC Deals
In OTC crypto deals, both parties rely heavily on each other’s credibility, as transactions are typically direct and without the regulatory oversight of exchanges. Without sufficient vetting, participants risk engaging with bad actors, leading to potential fraud or loss.

How OTCShield Reduces Counterparty Risk

Comprehensive Background Checks: Vet both parties with identity verification, criminal background checks, and financial reliability assessments.
Transaction Monitoring: Track asset flows and trading history to detect any red flags in on-chain behaviour.
Trusted Network of Verified Participants: Our platform connects you only with pre-vetted, reputable individuals and organisations for OTC trades.
Escrow and Security Features: OTCShield provides escrow services and additional security layers to ensure both parties fulfill their commitments.

The Web3Vetting Advantage with OTCShield
OTCShield combines advanced security protocols with in-depth background checks to create a trusted environment for OTC deals. By minimising counterparty risk, we enable high-stakes transactions with greater confidence and peace of mind.

Trusted by the Web Community

Web3Vetting has transformed the way we approach security in the crypto space. Their rigorous background checks and on-chain analysis provide unparalleled peace of mind, allowing us to focus on growth with confidence.

Leo Stanton

Security Engineer at Hotjar

Switching to Nicaea was a game-changer for us. The advanced telemetry and detailed reporting have given us insights we've never had before. It's not just a tool; it's a partner in our security strategy.