Imagine you want to buy and sell oil, and you have two options:
First option: Roadside private gas station (P2P) ⛽

You haggle the price, I sell it
Cash transaction, you pay and get the goods
Cheap and affordable, but be careful of encountering "problematic oil"

Second option: Shell/Petronas large gas station (OTC) 🏢

Clearly marked prices, professional service
Pay by card, with invoice and guarantee
Slightly higher price, but guaranteed quality

In the crypto world, P2P and OTC are like these two ways of buying oil,
Each has its own advantages, but choosing the wrong one can really "wreck your car and kill you!"

🎯 P2P transaction: Like buying and selling cryptocurrency on "Carousell"
🔍 What is P2P?
Imagine you are selling a mobile phone on Carousell,
A buyer likes your iPhone and you agree on a price:

You put the phone in the custody of the platform
The buyer transfers money to you
After you confirm receipt of the money, the platform gives the phone to the buyer

P2P transaction is like this, just replace "mobile phone" with "Bitcoin".

✅ Advantages of P2P: Free like a roadside gas station

Price freedom:
You can set the price 10% higher than the market price,
Or 5% lower, completely depends on your mood

Low threshold:
You can play with 100 yuan, suitable for "newbies" to enter the market

Flexible and convenient:
Transactions can be done 24 hours a day, just like a 24-hour self-service gas station

⚠️ Risks of P2P: As dangerous as walking at night

⚠️ Risk 1: Black money trap (it is especially dangerous to sell USDT and receive MYR!) 💸
Just like when you sell a mobile phone on Carousell,
The money you receive may be from someone's stolen credit card.
The risk of selling USDT to receive MYR in the currency circle is extremely high!
Many people who buy USDT have unknown sources of funds,
The MYR you receive may be from fraud,
"Black money" from money laundering.
Once investigated, your bank account will be frozen directly,
You become an "accomplice to money laundering!"

⚠️ Risk 2: Rampant fraud 🎭

Fake transfer screenshots (like a photoshopped payment voucher)
Phishing websites (pirated versions of exchanges)
Malicious complaints (received the coins but said they were not received)

⚠️ Risk 3: Price fluctuations 📈📉
Sometimes you will find that the same Bitcoin,
P2P price is several thousand higher than the market price!
Like the price of gas at highway service areas, which is 30% more expensive than in the city

👥 Who is suitable for P2P?

College students want to buy some coins with living expenses
Office workers want to invest a few hundred yuan
Arbitrageurs want to earn exchange rate differences
Newbies want to try the waters first

🏛️ OTC transaction: Like going to the VIP room of a bank

🔍 What is OTC?
Imagine you want to wholesale gasoline,
You will not go to a roadside gas station,
But directly look for an oil company:

Oil companies have professional qualifications and licenses
Transactions are managed through the bank
Transparent prices, professional services
If there is a problem, you can find someone to be responsible

OTC transaction is the "oil company" of the currency circle, specializing in serving large transactions.
✅ Advantages of OTC: As professional as a Shell gas station

Safe and compliant: Just like refueling at a large gas station, there is supervision and guarantee
Large and fast: Hundreds of thousands of US dollars in one transaction, like oil tanker wholesale
Transparent price: Close to the market price, there is not much "black heart oil" phenomenon
Professional service: There is a dedicated customer service and risk control team

⚠️ Risks of OTC: Need to be cautious like choosing an oil supplier

Merchant reputation: Choosing the wrong OTC merchant is like choosing the wrong oil supplier
Capital threshold: Usually requires tens of thousands of US dollars to start, retail investors can't afford it

👥 Who is suitable for OTC?

Business owners want to allocate digital assets
High-net-worth individuals want to quickly deposit and withdraw funds
Institutional investors
"Whale" users who need large transactions

🤔 Actual case comparison:
Different choices of Xiaoming and Xiaowang
📖 Xiaoming's P2P experience (bloody lessons)

Xiaoming is a college student and wants to buy 1,000 yuan of Bitcoin.
He found a seller on a P2P platform,
The price is 5% cheaper than the market. Xiaoming is very happy and immediately transfers the money.

As a result, the next day, Xiaoming's bank card was frozen!
It turned out that the seller used a money laundering account to collect the money,
Xiaoming inexplicably became an "accomplice". (Middle NSRC)

📖 Xiaowang's OTC experience (worry-free and labor-saving)
Xiaowang is a company boss,
Want to buy 100,000 US dollars of Bitcoin.
Through a friend's introduction,
Found a licensed OTC institution.
Although the price is slightly more expensive than P2P,
But the transaction process is very smooth:

Professional customer service guides the whole process
Funds are managed through the bank
Complete the transaction within 30 minutes
There are also professional tax advice later

Experience: Find a professional institution for large transactions, safety first!

P2P is like going to a roadside gas station,
It is cheap on the surface, but be careful of the quality;
OTC is like going to a Shell gas station,
Clearly marked prices but guaranteed quality.

🚨 Special reminder for Malaysian users!
Recently, major banks in Malaysia have strengthened anti-money laundering supervision,
Many friends have had their accounts frozen due to P2P transactions.
In particular, the risk of selling USDT and receiving MYR is extremely high!

Why is selling USDT particularly dangerous? ⚠️

Many people who buy USDT have unknown sources of funds
The MYR you receive may be "black money"
Once investigated, your account will be frozen immediately
Like receiving counterfeit money, you become a "victim"

Bloody lessons 💸
Xiaoli sold 5,000 USDT in P2P,
The bank card was frozen the next day after receiving MYR.
It turned out that the buyer used money from fraud to purchase USDT,
Xiaoli inexplicably became an "accomplice to money laundering".

If you are in Malaysia, you need to understand:

The risk of selling USDT is extremely high: it is difficult to guarantee the source of funds for receiving MYR
Supervision is becoming stricter: banks are strengthening anti-money laundering inspections
Save vouchers: all transaction records must be kept
Understand the risks: understand the risks before choosing any transaction method

#P2P transaction characteristics

💰 Suitable amount: 1000-10000 MYR
🎯 Transaction characteristics: flexible prices, low threshold, but high risk
⚠️ Risk reminder: especially selling USDT to receive MYR, the risk of black money is extremely high

#OTC transaction characteristics

💰 Suitable amount: 100,000 MYR or more
🎯 Transaction characteristics: safe and compliant, fast and professional, but high threshold
⚠️ Risk reminder: need to choose a licensed and formal institution

🔚 The last of the last: safety first!
Remember that account security in the currency circle
Is ten thousand times more important than earning a little exchange rate difference!

Just like buying oil,
P2P is a roadside gas station,
Cheap but be careful of quality;
OTC is a Shell gas station,
A little more expensive but guaranteed.

Which one to choose,
Depends on your amount of funds,
Risk tolerance and transaction needs.

Understand the characteristics and risks of the two models,
Make a choice based on your own situation.

In the currency circle, understanding risks is more important than blindly following the trend!

💡 If you find it useful,
Don't forget to like and share it with your currency friends!
Take care of each other on the road to the currency circle!



#USDT #MYR #Cash

#Cryptocurrency #P2Ptransaction
#OTCTransaction #CryptocurrencyNewbie
#DigitalAssets #Malaysia #InvestmentAndFinancialManagement