1. What is OTC trading?
OTC (Over-The-Counter), Chinese "counter transactions" or "over-the-counter transactions", many platforms are also called CtoC transactions or legal currency transactions, which refers to digital currency and legal currency transactions between individuals . Purchase of BTC, ETH, and EOS with legal currency, and exchange of BTC, ETH, and EOS with legal currency must be done via OTC transactions.
Compared with general currency transactions, OTC transactions are a necessary link for us to enter the market to deposit coins and withdraw coins for disbursement.
Because the country strictly prohibits legal currency transactions between individuals and platforms, all OTC trading platforms are currently third-party trading platforms, similar to Taobao, all of which are individual users buying and selling. The platform provides a safe and reliable trading environment. and Trade between sellers.
2. Precautions for OTC trading
1. OTC transactions generally support bank card, Alipay and WeChat payments. Specific situations depend on exchange rules;
2. To protect the interests of buyers and sellers, the exchange will set trading times which are generally limited to 15 minutes. If you do not receive the corresponding cryptocurrency or fiat currency within the specified time after payment or release of currency, please contact the exchange customer service as soon as possible;
3. It is recommended to choose a reliable third-party platform for OTC transactions, and do not trust strangers or unknown small platforms.
