How does over the counter trading work for cryptocurrencies?

1 answers

• Dec 17, 2021 · 3 years ago
  Over the counter (OTC) trading is an alternative way to trade cryptocurrencies outside of traditional exchange platforms. OTC trading allows for direct transactions between buyers and sellers, without the need for an intermediary. This method is often used for large trades that require more liquidity or privacy. OTC trading can be conducted through OTC brokers or specialized OTC trading platforms. These platforms connect buyers and sellers, facilitating the negotiation and execution of trades. It's important to note that OTC trading may involve higher fees and risks compared to exchange trading. Individuals interested in OTC trading should carefully consider the terms and conditions, as well as the reputation of the OTC service provider, before engaging in such transactions.
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