What is OTC in the cryptocurrency world?

OTC (over the counter) literally means over-the-counter trading, so this "field" actually refers to the virtual currency trading platform. On-site and off-site trading is based on whether it is through the trading platform. OTC can also be divided into two forms based on this:

1. Online peer-to-peer trading (C2C)

This method still needs to be formed through the digital currency trading platform, published and communicated on the trading platform, but the transaction is not formed through the trading platform. Instead, after the buyer and seller confirm the transaction, the buyer transfers the money to the seller through Alipay, WeChat, bank card transfer, etc.;

2. Traditional method

That is, through introduction, the traditional buying and selling model, individuals privately agree on the buying and selling method and then trade freely, not through the platform.

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