What is the meaning of OTC sales in the context of cryptocurrency?

3 answers

• Nov 26, 2021 · 3 years ago
  OTC sales, also known as over-the-counter sales, are transactions that occur directly between two parties without the involvement of a centralized exchange. In the context of cryptocurrency, OTC sales refer to the buying and selling of digital assets outside of traditional exchange platforms. Unlike regular exchange trading, OTC sales offer more privacy and flexibility as they allow for larger transactions and customized terms. However, OTC sales may involve higher risks due to the lack of regulatory oversight and transparency. It is important for participants in OTC sales to conduct thorough due diligence and ensure proper security measures are in place to mitigate potential risks.
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• Nov 26, 2021 · 3 years ago
  OTC sales in cryptocurrency are like a secret handshake between two individuals. Instead of going through a public exchange, they make their own private deal. This can be useful for large transactions or for those who value privacy. However, it's important to note that OTC sales can be riskier than regular exchange trading, as there is less regulation and transparency. So, if you're considering OTC sales, make sure to do your research and only deal with trusted parties.
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• Nov 26, 2021 · 3 years ago
  In the context of cryptocurrency, OTC sales refer to the direct buying and selling of digital assets between two parties without the involvement of a traditional exchange. This means that instead of using a platform like BYDFi or Binance, buyers and sellers negotiate and settle transactions privately. OTC sales are often used for large trades or for individuals who prefer to keep their transactions off the public market. It's important to note that OTC sales can carry additional risks, such as counterparty risk and lack of price transparency. Therefore, participants should exercise caution and ensure they are dealing with reputable and trustworthy counterparties.
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