I saw that the selling price of BTC or ETH in OTC block transactions is higher than the trading pairs in the market. Do you know why?
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币圈老狼
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The most comprehensive method to prevent U-frozen cards on the Internet, remember to save and forward!
Today, I will take the most common question asked by retail currency friends in the group, deposits and withdrawals in exchanges as an example, and discuss how to avoid card freezes in OTC transactions.
(1) For OTC transactions, try to choose large platforms such as Binance and Oyi. These platforms have better communication channels and risk control methods with mainland regulatory agencies and law enforcement agencies.
(2) Try to choose an OTC platform that supports T+1/T+2 withdrawal strategy. Although you cannot withdraw money immediately after selling the currency, it reduces the risk of money laundering through OTC transactions. For example, Binance T+1 and Huobi Select Trading (compared to free trading, T+2 withdrawal).
(1) For OTC transactions, try to choose large platforms such as Binance and Oyi. These platforms have better communication channels and risk control methods with mainland regulatory agencies and law enforcement agencies.
(2) Try to choose an OTC platform that supports T+1/T+2 withdrawal strategy. Although you cannot withdraw money immediately after selling the currency, it reduces the risk of money laundering through OTC transactions. For example, Binance T+1 and Huobi Select Trading (compared to free trading, T+2 withdrawal).