👨🏽💻OTC means over the counter, in literal translation - ignoring the counter. OTC (Over-the-Counter) is direct trading between people. In that case a seller and a buyer make a deal between each other, usually with assistance of escrow.
▪️To be an advanced OTC market user you need to know the following rules.
- Read the rules in pinned OTC posts in the chat. They can differ.
- If you want to buy, always write WTB (want to buy). If you want to sell, always write WTS (want to sell). You need to start each OTC chat post with these abbreviations.
- You always need to write buy and sell prices. Don’t waste each other’s time. You can offer your price in dm.
- Use searching in OTC chat to find the product that you want.
- Write briefly, clearly and without emoji.
- Attention! Take your time! Spend 5-10 minutes for checking and save your money.
▪️Examples of a correct post:
-
WTS
#Opinion points
1000 points/35$ for each
security deposit - 100%
escrow only
-
WTB
#Paradex XP
10000 XP/0.2$ for each
escrow
▪️❗️Warning❗️:
I think everyone knows that a lot of scammers work in crypto, so before EACH deal you need to check it:
- The OTC group must be legit. There are not many of them in crypto, so DOUBLETOP created its own comprehensive OTC-ecosystem:
- 2TOP OTC - public OTC (for all types of goods),
- 2TOP OTC TokenMarket - token market (topic division for your comfort. For trading tokens, points, XP, codes/invites, WL, NFTs),
- 2TOP OTC Private - private OTC (for traders with positive deal’s history. Joining is invitation only).