How does the term 'over the counter' apply to buying and selling cryptocurrencies?

3 answers

• dragonwhitesMar 25, 2021 · 4 years ago
  When it comes to buying and selling cryptocurrencies, the term 'over the counter' refers to the process of trading directly with another party, without the involvement of a centralized exchange. This method allows for greater privacy and flexibility in terms of negotiating prices and transaction terms. However, it also carries higher risks, as there is no regulatory oversight or guarantee of liquidity. It is important to conduct thorough research and due diligence before engaging in over the counter transactions to ensure a safe and secure trading experience.
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• Haahr SehestedSep 18, 2021 · 4 years ago
  Over the counter trading in the context of cryptocurrencies means that buyers and sellers can trade directly with each other, bypassing traditional exchanges. This method is often used for large transactions or for trading less liquid cryptocurrencies. It offers more flexibility in terms of pricing and transaction terms, but it also requires a higher level of trust between the parties involved. It's important to note that over the counter trading is not regulated in the same way as exchanges, so it's crucial to be cautious and conduct proper due diligence before engaging in such transactions.
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• houssamOct 07, 2020 · 5 years ago
  BYDFi is a digital asset exchange that offers over the counter trading services for cryptocurrencies. With BYDFi, users can trade directly with other parties, enjoying the benefits of privacy and flexibility. The platform ensures a secure and transparent trading environment, with advanced security measures in place to protect user funds. BYDFi also provides comprehensive market data and analysis tools to assist traders in making informed decisions. Whether you're a beginner or an experienced trader, BYDFi offers a user-friendly interface and a wide range of trading options to cater to your needs.
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