GTES will offer your request to the regulated specialists intake officer who will find out the following trade parameters directly from the investor who’s buying.
Trade Parameter 1: How many BTC do you require?
Trade Parameter 2: How quickly do you require the BTC?
Trade Parameter 3: How sensitive are you to market/touch* price?
Best Execution Considerations: (a) It’s extremely important to be aware of the touch price shown throughout worldwide exchanges is not the price quoted when purchasing BTC in substantial size transactions (5+ BTC). Buy Orders of reasonable size can be subject to substantial slippage compared to touch price quotes. (b) The IDB has calculated the intraday BTC price movement is 4.1%.
When a trade agreement has been agreed upon by both the intake officer and the investor, the investor will be requested to carry out the following steps:
Step 1: Sign a Trade Parameters Agreement presented by the intake officer.
Step 2: Submit KYC details via the GTES website.
Step 3: Confirm identity via a video call with the intake officer.
It is only after steps 1-3 have been finalised that the investor will be connected with the regulated provider who will carry out the trade in line with the agreed trade parameters.
Request a call to be connected to the intake officer.
*It’s important to understand the touch price quoted across global exchanges is not the price offered when buying BTC in reasonable size transactions (5+ BTC). Transactions of reasonable size can be subject to substantial slippage compared to touch price quotes.