Over-the-counter transactions are also called OTC transactions. Users need to find the counterparty by themselves, without matching the transaction, the transaction price is determined by the two parties to the transaction, and the two parties can fully communicate by means of face-to-face negotiation or telephone communication.
OTC trading is the most primitive way of trading. When Bitcoin was first born, there was no trading platform. Investors could only trade Bitcoin through over-the-counter transactions, and most of them adopted the transaction method of one-hand payment and one-hand delivery.
Now, there are many standardized over-the-counter trading platforms, and investors can directly choose the counterparty on the trading platform, which is as convenient as on-exchange trading. Through the trading platform, it can effectively avoid the situation of people and goods being empty due to information asymmetry in OTC transactions.