OTC GUIDE

OTC stands for Over-the-Counter, literally meaning bypassing the counter. This term refers to over-the-counter trading carried out directly between people. In this case, the seller and the buyer enter into a transaction directly with each other, usually with the assistance of third parties.

 In order to be a competent user of the OTC market, you need to know the following rules.

1) Always write WTB if you want to buy. Literally translated as Want to buy. Accordingly, WTS - if you want to sell. These abbreviations should be used to start every sentence in OTC chats.

2) In your message, always write the price of buying or selling. Value your and others time. You can add that bargaining is appropriate in a personal.

3) Use #hashtags. For example #Acala #Flow #NYM. These hashtags help people find the ads they are interested in.

4) Write briefly, clearly and without emoji

5) Read the rules of each OTC chat. They may differ.

Examples of a well-formed sentence.

- WTS #Acala 3150 tokens 7$ for each, escrow only. (pm for price discussions)

- WTB #Clover option 3, unfunded for 1000$, escrow
Precautionary measures.

I think everyone knows that a large number of scammers work in the crypt, so before EVERY transaction you need to check the following:

All transactions must go through escrow only. Escrow is a third party / guarantor who is responsible for the security of the transaction.

Here is an example: A seller sells a Coinlist account with an allocation in the NYM project. The buyer transfers money to the guarantor, and the seller, in turn, after the guarantor confirms that he has received the money, sends the data from the account to the buyer via PM. Only after the buyer checks everything and changes passwords everywhere (he secures his new account on his own), the guarantor transfers money to the seller minus the commission.

Trusted escrow from 2top,taverna , icobog , acsm

Always check the nickname of the guarantor, scammers make accounts almost identical to real escrow.

Always pay attention to exactly where the Escrow name is written! It should be in the "username" column, not in the "bio" column! This is the most popular scam!

 Groups for transactions can only be created by the Guarantor and he must invite people to PM through the link. Scammers often create fake groups with fake Escrow.