Do you know OTC market.

[Loly 0]

The OTC market is an acronym for Over The Counter Market

 

 It is a market for buying and selling bitcoin and crypto outside trading platforms

 Where traders and owners of large capital go to the OTC markets to buy or sell digital currencies directly with the other party, and an agreement is made between the seller and the buyer on the method of buying and selling, the quantity and the price

 

 The OTC market is resorted to to provide large quantities or to convert digital currencies into cash, or to avoid complicated conditions and regulations in some countries or platforms about buying and selling bitcoin and cryptocurrencies.

 

 

 Buying and selling deals in the OTC markets are done with the help of a broker, whether someone arranges the deal and verifies the seller and buyer data and provides the necessary guarantees to complete the deal or a site like Circle or the owner of a specific community in one of the social media is known among people with confidence

[teminalibug 309]

6 minutes ago, Loly said:

It is a market for buying and selling bitcoin and crypto outside trading platforms

 Where traders and owners of large capital go to the OTC markets to buy or sell digital currencies directly with the other party, and an agreement is made between the seller and the buyer on the method of buying and selling, the quantity and the price

Are these OTC like changelly, shapeshit, indacoins, etc. I got the idea from what you were explaining up there, I need you to verify for these examples..

[Mursanna 211]

Is the OTC market 100% safe? In which countries are there OTC markets? Usually what kind of guarantee is requested to complete the transaction?

[sdsonjoy50 886]

The OTC Marketing boker Market does a lot of trading here, but this market is very up-to-date in my knowledge, you know, it is good to leave there because you do not understand the risks, so you will suffer losses so it is good to be very careful.

[sportlopez9000 232]

I think OTC markets are a good option for people who are holding lots of bitcoin and want to cash out some. It's mainly for people who have a ton of BTC or money to buy. They can affect the BTC price even though it is OTC by cashing out though (tips off other BTC investors to sell on exchanges).

[palalu 512]

I have never heard of the OTC market before, can you give the name of the famous OTC market so I can see how it works

[doriahailee 643]

It's mainly used on some chatting platform like telegram, discord or slack, So big investor can buy it without chaning the price on the market and also some holder wont dump it and make market dumped, For small holder like us i don't think this useful.

[duncun007 3577]

On 12/8/2019 at 3:58 AM, Loly said:

The OTC market is an acronym for Over The Counter Market

 

 It is a market for buying and selling bitcoin and crypto outside trading platforms

 Where traders and owners of large capital go to the OTC markets to buy or sell digital currencies directly with the other party, and an agreement is made between the seller and the buyer on the method of buying and selling, the quantity and the price

 

 The OTC market is resorted to to provide large quantities or to convert digital currencies into cash, or to avoid complicated conditions and regulations in some countries or platforms about buying and selling bitcoin and cryptocurrencies.

 

 

 Buying and selling deals in the OTC markets are done with the help of a broker, whether someone arranges the deal and verifies the seller and buyer data and provides the necessary guarantees to complete the deal or a site like Circle or the owner of a specific community in one of the social media is known among people with confidence

yea i have seen OTC market and i must say those brokers are getting paid very well because these deals could be in milions and even a small commission could be very high.

[teminalibug 309]

16 hours ago, Loly said:

I didn't use OTC market because my country does not support that but I thik yes these examples perform otc deals.

Ah okay thanks for confirmation. But that's weird, your country does not have to know that you juts visited an OTC exchange, why fear, what's so bad about them anyway?

[Crypto123 0]

Thanks for this great information. Really, I was wondering what an OTC market was, some time ago, I saw it in more than one exchange but I didn't understand what it meant and I decided to search the internet to find out what it is. But because of my preoccupation I forgot and now you are happily explaining it Thank you.

[soupster 239]

thats a nice explanation of otc exchanges. You also have to keep in mind to be very careful when trading on such places since they you are more likely to get scammed through otc trades rather than normal exchange.

[DrHaman 375]

I mean excellent evidence connected with otc transactions. You have to note for being very wary as soon as dealing with like sites simply people are more inclined to receive fooled as a result of otc trading as an alternative to usual alternate.

[Migo 7946]

On 12/8/2019 at 4:28 AM, Mursanna said:

Is the OTC market 100% safe? In which countries are there OTC markets? Usually what kind of guarantee is requested to complete the transaction?

This are the most wanted features in any exchanging market, because there is a lot of them but we find a lot of issues wich are related with one of those conditions above 

[duncun007 3577]

17 hours ago, Loly said:

Is there any otc market name or site you can tell us about it from your experience in this point and what is your idea in it. 

i think this article would do you much better and after that if you have large sum of bitcoin to buy or sell you can search for a trusted broker because its done through brokers.

https://medium.com/@freetokencryptobounty/how-to-buy-large-amounts-of-bitcoin-through-the-otc-market-3ac034bfda81

[Jokeer 648]

Thank you for introducing us about the OTC market. First time I heard about this market. By your posting, I got some idea about the OTC market.

[Afrizal rahman 2636]

Yes, we certainly know what OTC or Over the counter market is. where here happens buying and selling transactions are carried out by people. we can see here how many coins are bought and sold.

[Tushar9090 3]

I'm new here i have no idea about this market.but i'm very interested to khow about market. 

[teminalibug 309]

7 hours ago, Awaremooner said:

Yes that's what is called OTC market. Local bitcoins, remitano are a better example of an OTC market and local bitcoins happens to be the biggest for now

But they recently introduced KYC (localbitcoin), now my OTC exchange of choice, has become to be paxful and changelly.

[rekter 8129]

One more thing that i absolutely loved on otc markets are that they don't dump the price if someone decided to sell a large amount because they don't affect on market maker walls.

[teminalibug 309]

5 hours ago, Tushar9090 said:

I'm new here i have no idea about this market.but i'm very interested to khow about market. 

They are the market that are simple and easier to use, most of them are used to cash out crypto to fiat, like localbitcoin.

[Sohel Rana Sazzad 453]

Currently LTC price is very low and the price of this LTC will rise very soon, but the current price will increase greatly due to the huge increase.

[Emma 611]

Where i will find this market sir? if i want to sell or buy bitcoin only thousand dollars then will i be able to do it in this market? if not, what is the minimum?

[teminalibug 309]

On 12/13/2019 at 3:53 PM, Awaremooner said:

This KYC thing is seriously pervades crypto world now. You can try Remitano or the recently introduced Yobit trading bot on telegram. I'm sure you can cash out Dollar from this bot

Regulation will attract all the big and popular companies, it is not an option anymore, the governments are not tolerating this.

[jerry9837 105]

even i dont know about OTC market can anyone explain me about it in brief is it a app site or any other platform how does it work and i think nothing is easy for work like cryptocurrencies but still i will love to know about PTC market 

[teminalibug 309]

4 minutes ago, Awaremooner said:

With government now trying to get a cut by introducing crypto tax, we all at some point will need to do KYC before we get to trade on OTC or exchanges . Just hoping Yobit won't catch the bug early

You are right, it is matter of time,  for yobit as well considering the fact that, yobit is a centralized exchange platform.