I was reading that only the crypto miners who have a lot of cryptocurrencies can do OTC trading. I am not a miner nor I have more cryptocurrencies. I am still a beginner who started trading recently. If I want to start OTC trading how and where I can do?
- What amount of cryptos do I need to start OTC trading?
- Which all exchanges supports OTC trading?
- What are the problems with OTC?
Please suggest me whether I can do OTC trading as a beginner in crypto trading?
OTC trading is a deal that happens directly between 2 interested parties. Basically, the miners are the sellers of OTC and the institutional investors are the buyers.
If you have a noticeable amount of cryptos, then you can do OTC Trading by looking for the exchanges which has high liquidity. Also, if you want to protect your identity and keep the deal anonymous then skipping the services of major exchanges would be better and purchase directly from counterparty is a nice way.
When you trade anonymously, you always have to be careful with the trader on the other side and beware of suspicious transactions.
I think I have answered all your queries.