Over The Counter (OTC)
By CoinGecko | Updated on Mar 03, 2020
It refers to the process that cryptocurrencies are being traded outside exchange and it is done directly between two parties. Some reasons why people opt for OTC is some coins are too small to be listed on exchanges or the cryptocurrencies are banned in certain jurisdiction.
Related Terms
Block Reward
One of the mechanisms built into a blockchain to incentivize validators
Wei
The smallest fraction of an Ether, with each Ether to 1000000000000000000 Wei.
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
Private Keys
The alphanumeric string which allows transactions from the cryptocurrency address
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