1. What is OTC trading?
OTC (Over-The-Counter), Chinese "over-the-counter trading" or "over-the-counter trading", many platforms are also known as CtoC trading or fiat trading, referring to cryptocurrency trading digital and fiat money between individuals . Purchases of BTC, ETH and EOS with fiat currencies and exchanges of BTC, ETH and EOS for fiat currencies must be done through OTC transactions.
Compared with conventional currency transactions, OTC transactions are a necessary link for us to enter the market to hold funds and withdraw funds to withdraw cash.
Since the country strictly prohibits legal currency trading between individuals and platforms, all current OTC trading platforms are third-party trading platforms, similar to Taobao, which are all Individual users buy and sell. This platform provides a safe and reliable trading environment. and Transactions between sellers.
2. Notes when trading OTC
1. OTC transactions usually support payments by bank cards, Alipay and WeChat. The specific situation depends on the rules of the exchange;
2. To protect the interests of buyers and sellers, the trading platform will set a transaction time, usually limited to 15 minutes. If you do not receive the corresponding cryptocurrency or fiat currency within the specified time after payment or currency release, please contact the exchange customer service as soon as possible;
3. It is recommended to choose a trustworthy third-party platform for OTC transactions and do not trust strangers or small unknown platforms.
