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
Cold Storage
Offline storage of cryptocurrencies which is arguably safer as they also require physical access (eg. hardware wallet, paper wallets)
Smart contracts
Self executing contracts on the blockchain without needing human executors or notary.
Decryption
The process of decrypting data that was previously encrypted (made unreable) back to a readable form.
Circulating Supply
An approximation of the number of coins or tokens that are currently not locked and available for public transactions.
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