How does OTC trading on Robinhood work for buying and selling cryptocurrencies?

3 answers

• Mar 20, 2022 · 3 years ago
  OTC trading on Robinhood allows users to buy and sell cryptocurrencies directly with other users, without going through an exchange. This can be advantageous because it offers more privacy and potentially better prices. However, OTC trading may have higher fees and less liquidity compared to regular trading on the platform. It's important to carefully consider the pros and cons before engaging in OTC trading on Robinhood.
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• Mar 20, 2022 · 3 years ago
  When it comes to OTC trading on Robinhood for cryptocurrencies, it works by matching buyers and sellers directly. This means that you can negotiate the price and quantity of the cryptocurrency you want to buy or sell with the other party. Once both parties agree on the terms, the trade is executed. OTC trading can be a good option for larger trades or for those who prefer a more personalized trading experience.
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• Mar 20, 2022 · 3 years ago
  As an expert in the field, I can tell you that OTC trading on Robinhood is a popular option for many cryptocurrency traders. It offers a convenient way to buy and sell cryptocurrencies without the need for a traditional exchange. However, it's important to note that OTC trading may not be suitable for everyone. It's always a good idea to do your own research and consider your individual trading goals and risk tolerance before engaging in OTC trading on Robinhood or any other platform.
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