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Suba
Knowledge Seeker
Asked: 2023-08-10T15:33:57+00:00 In:

Which do you prefer P2P or OTC?

P2P Trading is a crypto trading system where traders can interact directly with buyers or sellers without having to go through third parties such as brokers, so basically we can sell or buy crypto with other users. On P2P trading
You won’t find any charts or market indications, instead you can make a bid and the payment method you want.

Over-The-Counter (OTC) is the trading of large amounts of cryptocurrency by institutions, whales etc. that are conducted outside of centralized crypto exchanges. Crypto traders on OTC can directly negotiate prices, settlement times, amounts to be bought/sold. In general, the buyer will directly transfer money to the seller without going through escrow as in P2P trading and after receiving the money the seller will also immediately send crypto to the buyer’s crypto address.

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2 Answers

  1. spencer
    Enlightened Mentor

    I actually prefer P2P just because it's easier and you get to exchange your money from the comfort of your home and you'll also get the same rate with those buying and selling from over the counter(OTC). OTC is mostly unregulated and for example If you live far away from exchanges you have to spendRead more

    I actually prefer P2P just because it’s easier and you get to exchange your money from the comfort of your home and you’ll also get the same rate with those buying and selling from over the counter(OTC).

    OTC is mostly unregulated and for example If you live far away from exchanges you have to spend time and money to go there, instead of P2P that can be done from your phone and it’s not guaranteed you’ll have the best rate .

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  3. Svishok
    Expert Mind

    The preference between P2P (Peer-to-Peer) and OTC (Over-the-Counter) depends on your specific needs and circumstances. P2P platforms connect individuals directly for transactions without intermediaries, allowing for more direct control and potentially lower fees. OTC transactions involve trading witRead more

    The preference between P2P (Peer-to-Peer) and OTC (Over-the-Counter) depends on your specific needs and circumstances. P2P platforms connect individuals directly for transactions without intermediaries, allowing for more direct control and potentially lower fees. OTC transactions involve trading with a third party, often with larger volumes and potentially better liquidity. OTC can be preferred for large transactions or if you require more personalized services. Ultimately, consider factors such as security, convenience, fees, and the specific platform’s reputation before deciding on a preference.

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