what are OTC trades

[neocry43]

what is OTC trades? How it happens? How can we do it?

What is the use? is there a legit platform for OTC trades.

[Kopyleft]

OTC stands for Over The Counter
It involves bypassing exchanges and buying your assets directly from a second party.
It doesn't reflect on the market and it's mostly used for large purchases which the user wants to not influence the market.
I can't endorse any platforms that offer such, you can always research further on it.

[TryNinja]

It's basically trading without an centralized exchange. I put an offer that I want to buy 100 for $X each and whoever wants to fill it, contact me and we do it directly. Doing OTC trades is a good idea when you want to buy/sell a big amount of BTC without moving the market and cleaning the order book.

[TBboys]

In short, Over The Counter (OTC) means that you and someone directly contact and trade, this kind of transaction does not go through exchanges, it is completely personal behavior.
For example： Suppose you are planning to sell an X token that is not listed on any exchange, and then you bid $1. (You can post a public message about the sale of the X token in the BTT forum or anywhere else and leave your contact information) If I think this price is acceptable, I contacted you and purchased your X token.

But I must remind you that OTC is a very risky trading model, because there is no third-party protection for the transactions between you, so be careful with scammers.

[Jet Cash]

But I must remind you that OTC is a very risky trading model, because there is no third-party protection for the transactions between you, so be careful with scammers.

You can use an escrow service in conjuncton with an OTC trade.

[TBboys]

But I must remind you that OTC is a very risky trading model, because there is no third-party protection for the transactions between you, so be careful with scammers.

You can use an escrow service in conjuncton with an OTC trade.

I see, you mean an escrow service like LocalBitcoins?
But for newbies, they may not use the escrow service platform, I have seen many people trade directly in discord or somewhere else and without any escrow.
Have to say that this is very dangerous.

[gembirdprivate]

Weberova transaction is a purchase token ( btc, eth..) into real people without guarantee. It's dangerous.
Same as buying a phone. It is better to take in the store, which is a guarantee than to take someone with hands

[Gershonxer]

OTC means Over the counter. In other words, is a of market you buy/sell either commodities, stocks, cryptocurrencies, etc with clients or institution by bypassing an exchange.
Big whales normally go through this means without hurting the price. There was news buzzing the internet last week that someone bought over 130K bitcoin via OTC

[Jet Cash]

There was news buzzing the internet last week that someone bought over 130K bitcoin via OTC

I believe that was bought from a miner.

[Crypto4091]

OTC trading is something like independently exchange of your assets without any interference of middle man.We can also  say it decentralized trading. OTC trading is secure as long as you follow some tricks like at first do not enter as buyer make some contact with those who have trade there and make some link with them.AT beginning do not trade with large amount that can lower your risk of losing. 

[figmentofmyass]

OTC trading is something like independently exchange of your assets without any interference of middle man.

you're talking about peer-to-peer trading.

OTC trading is done directly between two parties and can be peer-to-peer, but it usually involves a broker who brokers the deal and acts as custodian and/or central counterparty.

when people say OTC, they usually mean off-exchange, meaning it doesn't affect spot exchange prices or order books.

What is the use? is there a legit platform for OTC trades.

in the bitcoin world, OTC trading desks are often run by exchanges. bitfinex has an OTC trading desk. so does kraken, itBit and several others. the primary reason to trade OTC is to fill large order blocks without slippage and without moving the price.

[vit05]

OTC is not the same as p2p trading.

There are exchanges that offer OTC service. It is a negotiation in the market, with companies of the market and big investors. These negotiations are always intermediated. And in the traditional stock market are regulated by regulatory bodies, But in the traditional market it is usually done by other companies that are called Networks.

The difference is that they do not use the Books. It is direct negotiations between two parties with a previously agreed price. And this do not affects the price of the open market. A very large negotiation in the open market can greatly influence the price, since it depends on how many offers are available in the book.

In an Over-The-Counter negotiation a price is calculated that is interesting for both parties. Many exchanges of cryptocurrencies are beginning to call otc of BlockTrade.

Some examples of exchanges that offer this service:

https://hitbtc.com/otc
https://trade.io/otc-trading
https://www.circle.com/cn/trade
https://gemini.com/marketplace/#gemini-block-trading
otc@kraken.com
https://www.bitfinex.com/otc