Why use Novo Xchange Escrow?

REGULATED CRYPTO AND FIAT ESCROW PROVIDER

Novo Xchange is a regulated Trust Company. Our USD deposits are FDIC insured and we are a registered custodian of crypto assets.

PERSONAL CUSTOMER SUPPORT

Our escrow team works closely with you to ensure safe, fast, and efficient settlement.

PRESERVE ANONYMITY

As a trusted intermediary, itBit ensures that parties will maintain total anonymity in any transaction.

LOW FEES

Flat rate fees per transaction. No crypto withdrawal fees.

What is the Difference Between OTC and Escrow?

By virtue of our Trust Charter, Novo’s OTC process is de facto an escrow. We always act in an agent capacity. We will never take a principal position in any transaction to avoid any conflict of interest with the client.

The primary difference between an escrow transaction and an OTC transaction is the addition of an agent or buyer/seller mandates. In the escrow process, Novo Xchange acts as a neutral party to settle a trade brought forward by an agent or buyer/seller mandate. In the OTC space, Novo Xchange acts as the agent to negotiate a trade between two parties and conducts settlement