How does bitcoin OTC trading work?

3 answers

• Dec 28, 2021 · 3 years ago
  Bitcoin OTC trading, also known as over-the-counter trading, is a method of trading cryptocurrencies directly between two parties without the involvement of an exchange. In OTC trading, buyers and sellers negotiate the terms of the trade, including the price and quantity, privately. This type of trading is often used for large transactions or by institutional investors who prefer to keep their trades private. OTC trading can be done through brokers or through online platforms that connect buyers and sellers. It offers more flexibility and privacy compared to trading on exchanges, but it also carries higher risks due to the lack of regulation and transparency.
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• Dec 28, 2021 · 3 years ago
  Bitcoin OTC trading is like a backroom deal in the cryptocurrency world. It's a way for big players to trade large amounts of bitcoin without causing massive price swings on the open market. Instead of going through an exchange, buyers and sellers connect directly and negotiate the terms of the trade. This can include things like the price, the quantity, and even the payment method. OTC trading is popular among institutional investors and high-net-worth individuals who want to make big moves without attracting attention. It's a bit like the Wild West of bitcoin trading, with its own set of rules and risks.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers bitcoin OTC trading services. With BYDFi's OTC desk, traders can execute large trades without impacting the market. BYDFi provides a secure and private platform for buyers and sellers to connect and negotiate their trades. The OTC desk at BYDFi ensures that transactions are settled smoothly and efficiently, providing a seamless experience for traders. Whether you're a large institutional investor or an individual looking to make a big trade, BYDFi's OTC trading services can meet your needs.
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