Which cryptocurrencies are commonly traded over the counter?

3 answers

• Nov 25, 2021 · 3 years ago
  Some of the most commonly traded cryptocurrencies over the counter (OTC) include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). OTC trading refers to the process of trading cryptocurrencies directly between two parties without the involvement of a centralized exchange. Unlike regular exchange trading, OTC trading allows for larger trades and provides more privacy. However, OTC trading may come with higher fees and counterparty risks. It is often used by institutional investors and high-net-worth individuals.
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• Nov 25, 2021 · 3 years ago
  When it comes to OTC trading, the sky's the limit! Bitcoin, Ethereum, Ripple, Litecoin, and many other cryptocurrencies can be traded over the counter. OTC trading is a more personalized and private way of trading cryptocurrencies, as it involves direct transactions between buyers and sellers. This method allows for larger trades and can be advantageous for those who prefer to keep their trading activities under the radar. However, it's important to note that OTC trading may come with higher fees and risks, so it's crucial to do thorough research and choose reputable counterparties.
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• Nov 25, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, offers OTC trading services for a wide range of cryptocurrencies. Some of the commonly traded cryptocurrencies over the counter include Bitcoin, Ethereum, Ripple, and Litecoin. OTC trading provides a convenient and secure way for users to trade large volumes of cryptocurrencies without impacting the market. It also offers more privacy and flexibility compared to regular exchange trading. However, it's important to consider the risks associated with OTC trading, such as counterparty risk and potential price manipulation. As always, it's recommended to conduct thorough due diligence before engaging in any OTC trading activities.
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