🔁 What is Over-The-Counter (OTC) trading on Binance?
OTC = Over The Counter
It is a type of trading done directly between two parties (e.g., buyer + seller), outside the public order book available in the traditional Binance market (Spot Market).
Meaning: No one sees your transaction, and it does not affect the currency price in the public market.
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✅ Why did Binance create the OTC feature?
Because some individuals or institutions want:
Buy or sell very large amounts of currencies
Without "moving the market"
And without causing fluctuations or drawing attention
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🧠 Practical Example:
Imagine you want to buy $100,000 worth of BNB in one go.
If you enter to buy it in the public market, the price will automatically rise due to the amount of purchase.
Whereas through OTC: you agree with another party (currency provider) and execute the transaction at a negotiated price, without it appearing in the market.
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⚙️ Steps to use OTC on Binance:
1. Open the Binance app
2. From the homepage, select "Trade" then "OTC"
3. Choose the currency you want to buy or sell
4. Enter the amount (the minimum is usually $10,000)
5. A special and instant price appears for you
6. Press "Confirm" and the transaction is executed immediately
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🎯 Main Benefits:
Interest Explanation
🔒 Privacy Your transaction does not appear in the public order book
🚀 Speed The transaction is executed instantly without waiting for order matching
💵 Fixed Price The price is confirmed in advance, with no fluctuations at execution time
🧩 Flexibility Suitable for exchanging currencies not available in some public trading pairs
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🧾 Who benefits from OTC?
Financial Institutions
Large Investors (Whales)
Who wants to exchange large amounts between currencies quickly and stably