Why is digital currency traded over the counter

1. The transaction of digital currency on the platform is the same as the transaction of bank in reality.

2. Bit-z exchange, recommended by BTH and eth, is a safe and reliable exchange with large trading volume and supports OTC trading

3.

It is not illegal, but the legal risk can not be ignored

in September 2017, after the central bank and seven ministries and commissions jointly issued the "notice on the risk of token financing", which explicitly prohibited the trading of RMB and digital currency and the issuance of ICO (abbreviation of initial coin offering, which means the initial public offering of digital currency), the heat of hyping digital currency is still hard to rece

the current situation is that although the official ban, but in reality the transaction is still in progress, which will also lead to a series of legal problems. High return is accompanied by high investment risk, as well as legal risk that can not be ignored. After the central bank stopped the digital currency exchange in September 2017, some exchanges went overseas, and investors also went to overseas markets to invest and trade, or to find counterparties through Internet instant messaging software

extended information:

related risks:

1. The so-called credit risk is e to the lack of reliable third party participation, and the transaction between the two sides completely depends on the integrity. Once there is a breach of contract, it is difficult to protect the rights and interests

2. The so-called policy risk is that the attitude of various countries towards the special currency will lead to sharp fluctuations in the price of the currency, which will have a certain impact on the OTC trading; The so-called relief vacancy risk refers to the dispute caused by OTC transactions, which makes it difficult for all parties to obtain evidence and provide evidence

3. The public security organs often encounter the problem that there is no professional institution to price bitcoin in case filing or legal review, and our criminal law stipulates that the criminal object of theft is someone else's finance with economic value, because the economic value of bitcoin can only be proved by the trading platform according to the price displayed on the trading platform software, This kind of pricing is sometimes not recognized by public security organs and courts< br />

4. It's not your problem. It's automatically thawed in six months
if you give someone else's ID card or apply for someone else's card, you need to cooperate with the local public security bureau to cooperate with the investigation. No problem will be solved

5. It depends on what kind of exchange it is. There is no problem with the big ones, such as the coin net in the fire coin net. It is suggested to be careful with some small platforms. If satisfied, please accept

6. Too many, pure quartz veins! There are more geologists, big ones.

7. OTC (over the counter), Chinese "over the counter" or "over the counter", many platforms are also called CtoC trading or legal currency trading. Both refer to digital currency and legal currency transactions between indivials. The purchase of BTC, Eth and EOS, and the sale of BTC, Eth and EOS in exchange for legal currency all need to be traded over the counter. The commonly used OTC platforms in China should be big platforms such as fire coin, okex, ZB and coin security.