1. What is OTC trading?

OTC (Over-The-Counter), Chinese "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 . The purchase of BTC, ETH, and EOS by legal currency, and the exchange of BTC, ETH, and EOS for legal currency must be done through OTC transactions.

Compared with common currency transactions, OTC transactions are the necessary links for us to enter the market to hold coins and withdraw coins to cash out.

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

2. Precautions for OTC trading

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

2. In order to protect the interests of buyers and sellers, the exchange will set a trading time, which is 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 customer service of the exchange 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.