Many people ask me what OTC is, and I always explain the same thing - OTC is simply over-the-counter trading, meaning transactions between users without the intervention of a trading platform. Practically speaking, what does OTC mean? There are two main ways of trading. The first is peer-to-peer, where someone posts an offer on the platform, but the money is transferred directly via Alipay, WeChat, or bank transfer - the platform only verifies the transaction. The second is the traditional model, where two people just agree outside the platform and trade freely. The cool thing about OTC is that you have more control over the transaction and you don't pay exchange fees. If you want to know more about what OTC means in practice, I recommend trying it with a small amount. Many people start with peer-to-peer because it is safer than completely private agreements. What does OTC mean for a trader? Flexibility and direct contact with the other party to the transaction. It's worth knowing that anyone can be both a buyer and a seller here, so you need to be cautious and verify your counterpart.

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