Bitcoin is often referred to as a digital or virtual currency. It’s also been called a peer-to-peer electronic cash system.
Whatever you call it, Bitcoin is a decentralized form of money that isn’t subject to government or financial institution control.
Bitcoin over-the-counter (OTC) trading refers to the decentralized exchange of bitcoins outside of traditional exchanges and marketplaces. OTC trading platforms are available 24/7 and offer a much higher volume of trading than traditional exchanges.
Bitcoin OTC trading platforms typically require a minimum trade size, often in the range of 1 BTC or more. Some platforms also have maximum daily limits.
These limits can vary depending on the liquidity of the platform and the size of your order.
To trade on an OTC platform, you will need to create an account and deposit bitcoins into a wallet on the platform. Once you have done this, you can start placing buy or sell orders.
When your order is matched with another user’s order, the trade will be executed and the bitcoins will be transferred to your wallet.
OTC platforms can be a good option for traders who want to buy or sell large amounts of bitcoin without affecting the market price. They can also be useful for traders who want to avoid traditional exchanges for regulatory or privacy reasons.