1. What is OTC trading?

OTC (Over-The-Counter), Chinese "over-the-counter transaction" or "over-the-counter transaction", many platforms are also called CtoC transactions or legal currency transactions, which refer to digital currency and legal currency transactions between individuals. Buying BTC, ETH, and EOS with legal currency and selling BTC, ETH, and EOS in exchange for legal currency must go through over-the-counter transactions.

Compared with common currency-to-crypto transactions, OTC transactions are a necessary step for us to enter the market to hold currency and withdraw currency for redemption.

Since the country explicitly prohibits legal currency transactions between individuals and platforms, all current OTC trading platforms are third-party trading platforms, similar to Taobao, where they are individual users who buy and sell. The platform provides a safe and reliable trading environment, and buyers and Transactions between sellers.

2. Precautions for OTC transactions

1. OTC transactions generally support bank card, Alipay, and WeChat payments. The specific situation depends on the exchange rules;

2. In order to protect the interests of buyers and sellers, the exchange will stipulate trading hours, which are generally limited to 15 minutes. If you do not receive the corresponding cryptocurrency or legal currency within the specified time after making the payment or releasing the 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.