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
Encryption
In cryptography, encryption is a process of encoding information the original form of information called plaintext via an algorithm called cipher. The encrypted message is now called ciphertext. Only authorized parties can decipher the ciphertext and convert back it to the original plaintext.
HODL
A crypto slang of saying holding the assets rather than selling it.
A crypto slang encouraging investors to hold on to their assets rather than selling it.
Algorithmic Stablecoin
Algorithmic stablecoins are tokens pegged to a fiat currency which is usually the US dollar, purely through software and specific conditions.
Transaction Fee
A payment to the network for performing a transaction to be recorded on the blockchain.
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