HiveEx.com OTC cryptocurrency broker review

HiveEx.com OTC Cryptocurrency Brokerage
HiveEx.com OTC Cryptocurrency Brokerage
  • Buy/sell 400+ cryptocurrencies
  • $50,000+ trades
  • Supports AUD, GBP and USD
  • Multiple deposit methods
Find out more Go to site

Take a closer look at this OTC cryptocurrency broker for large-volume traders.

Placing large trades on conventional cryptocurrency exchanges can be costly. Not only do you have to deal with the phenomenon known as slippage, when the market moves against you before your trade can be completed, but some exchanges have low transaction limits that may be insufficient for your needs.

HiveEx.com is a cryptocurrency broker that aims to overcome these problems. Developed for crypto buyers who want to place trades of $50,000 or more, the platform allows users to access a fixed price on bitcoin and four other major cryptocurrencies.

But is it the right trading platform for you? Let’s take a closer look at the features HiveEx.com offers to find out.

Product Name HiveEx.com OTC Cryptocurrency Brokerage
Fiat Currencies AUD, GBP, USD
Cryptocurrencies BTC, BCH, ETH, LTC, XRP, NEO, VEO & 400+ more
Deposit Methods Bank transfer
Cash
POLi
Trading Fee 0.5-1.7%
Deposit Fees None
Withdrawal Fees None

Pros

  • Designed specifically for large-volume traders
  • Access a larger liquidity pool than you will get from conventional exchanges
  • Avoid slippage and long processing times associated with placing large trades on traditional exchanges
  • No need to worry about low maximum transaction and withdrawal limits
  • Global network of liquidity partners means many trades can be settled on the same day
  • 24/7 customer support
  • Strict KYC and AML process

Cons

  • Only for users with significant income or assets
  • Not suitable for those looking to place small trades
  • Only offers a limited selection of digital currencies, however other coins may be available to trade

HiveEx.com and finder.com.au are members of the Hive Empire group of companies.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

HiveEx Logo

Enter your details below to receive a quote from a HiveEx.com trader as soon as possible.

HiveEx.com is an over-the-counter (OTC) cryptocurrency platform specialising in high-volume trades.

  • Trade between $50,000 and $100m for a fixed price
  • Tap into HiveEx.com’s global network of high liquidity trading partners
  • Access competitive rates compared to traditional exchange trading
  • Receive your coins in your wallet fast, with same day settlement options
  • As an AUSTRAC registered company, HiveEx.com is fully compliant with industry-standard AML and CTF obligations

What is HiveEx.com?

HiveEx.com was launched in February 2018 by the co-founders of finder.com.au and finder.com. Headquartered in Sydney, Australia, the service is available all over the world.

HiveEx.com is an over-the-counter (OTC) cryptocurrency brokerage service for big crypto trades. Specialising in trades of $10,000 or more, the company has access to some of the world's largest liquidity providers to help its customers buy and sell the most popular digital currencies. It offers customers a fixed price upfront and the service is backed by 24/7 customer support.

Which cryptocurrencies can I trade?

HiveEx.com specialises in the following currencies:

  • Bitcoin (BTC)
  • Ether (ETH)
  • Litecoin (LTC)
  • XRP (XRP)
  • Bitcoin Cash (BCH)
  • NEO (NEO)
  • Amoveo (VEO)

Altcoins are sometimes also available through the HiveEx.com platform, with coins such as Wanchain (WAN) offered before being listed on public exchanges.

Who can use HiveEx.com?

You must be at least 18 years of age to use the HiveEx.com service. You’ll also need to satisfy the terms and conditions to qualify as a “Sophisticated Investor”, which means you must have either:

  • A gross income for each of the last two years of at least $250,000; or
  • Net assets of at least $2.5 million

Which fiat currencies are accepted?

HiveEx.com supports three fiat currencies:

  • Australian dollars (AUD)
  • British pounds (GBP)
  • US dollars (USD)

You can deposit the funds for a trade in the following ways:

  • Instant bank transfer using the POLi payment system
  • Cash deposit over the counter at any Westpac Bank branch
  • Bank transfer to HiveEx.com’s bank account

How does it work?

HiveEx.com is an OTC cryptocurrency broker. This means that rather than you buying digital currency directly from HiveEx.com, the HiveEx.com team work on your behalf to facilitate the purchase of cryptocurrency in line with your instructions. You will then enter into an agreement with another entity (known as the counterparty) chosen by HiveEx.com to complete the trade.

The process works as follows:

  1. Sign up. Register for an account by providing your name, contact details, proof of ID and trading requirements.
  2. Onboarding. HiveEx.com confirms your eligibility to use its service and prepares your account.
  3. Start trading. The HiveEx.com team is available 24/7 and can help you make trades of $10,000 or more. In most cases, trades will be settled on the same day.

During the sign-up process, you’ll be asked to specify your preferred method of communication when organising trades. Some of the options available include:

  • WhatsApp
  • SMS
  • Telegram
  • Facebook Messenger
  • HiveEx.com Website Chat
  • Line
  • Other

Request a quote from HiveEx.com

How much will it cost me to use HiveEx.com?

HiveEx.com charges 0.3-1.5% of the transaction amount, which is included in the quote. The fee varies based on the size and nature of the trade, and market volatility. Contact HiveEx.com directly for more information about the fee structure.

For each trade you place, you’ll be quoted one price upfront. There are no extra fees or charges that apply.

Are there any transfer limits?

HiveEx.com can facilitate cryptocurrency trades of between $50,000 and $100 million.

Is it safe to use HiveEx.com?

HiveEx.com implements a strict Know Your Customer (KYC) and anti-money laundering (AML) process to ensure that only legitimate traders are able to use the platform. When you sign up, you will need to provide the following information:

  • Your full name and address
  • Your date of birth
  • Your email address and phone number
  • Whether you are registering as an individual or as a business
  • Whether you are a Sophisticated Investor (as outlined in the terms and conditions)
  • The amount you expect to trade per month
  • Your preferred method of communication for trades
  • A copy of an ID document
  • Proof of address

HiveEx.com is registered with AUSTRAC (Australian Transaction Reports and Analysis Centre) to provide increased transparency and comply with regulatory requirements.

Customer support

HiveEx.com provides 24/7 support to customers. You can get in touch with the trading team over the phone, via email, through WhatsApp or using another preferred method of communication.

Pros and cons

Pros

  • Designed specifically for large-volume traders
  • Access a larger liquidity pool than you will get from conventional exchanges
  • Avoid slippage and long processing times associated with placing large trades on traditional exchanges
  • No need to worry about low maximum transaction and withdrawal limits
  • Global network of liquidity partners means many trades can be settled on the same day
  • 24/7 customer support
  • Strict KYC and AML process

Cons

  • Only for users with significant income or assets
  • Not suitable for those looking to place small trades
  • Only offers a limited selection of digital currencies

Next steps

If you’re searching for an OTC cryptocurrency broker and you’d like to request a quote from HiveEx.com, complete the enquiry form at the top of this page and a trader from HiveEx.com will get in touch with you to discuss your trading requirements.

At the time of writing, the author holds IOTA and XLM.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Tim Falk

A freelance writer with a passion for the written word, Tim loves helping Australians find the right home loans and savings accounts. When he's not chained to a computer, Tim can usually be found exploring the great outdoors.

Was this content helpful to you? No  Yes

Latest crypto guides

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site