Hello, I’m Cai, and I’ve been involved in OTC trading for a long time. Many people ask me: what is OTC? So I decided to share my experience and honestly talk about this field.

I’ll answer simply: OTC is trading cryptocurrency outside of official exchanges. We work with USDT, buying and selling it offline through cash or bank transfers. This is popular in countries where there are strict restrictions on crypto trading. I myself work on one of the major platforms, where I am registered with a deposit. There are different types of OTC traders — those with a good reputation, those who work honestly, those who offer guarantees. It’s similar to protected trading, and I believe it’s one of the safer options, although, of course, 100% safety doesn’t exist.

But you need to understand the risks. First, legal risks. In some countries, OTC might be considered illegal activity, especially if the amounts are large. Large transfers often raise suspicion of money laundering, and banks may freeze the account. This happens often, believe me.

Second, fraud. Among counterparties, there may be those who use fake screenshots, counterfeit money, unfair exchange rates. Platforms require identification, but this doesn’t guarantee honesty from all participants.

The third risk is the safety of funds. Unreliable partners may simply steal the money. Banks can control accounts and freeze them if suspicious activity is detected. And also — personal safety. When you meet in person for cash transactions, there’s a risk of robbery or threats.

Plus, personal data leaks. When you provide your passport and personal information, it can be stolen.

How do I protect myself and recommend others do the same? I choose reliable platforms and check the reputation of counterparties. I look at ratings, community reviews, recommendations. When I receive funds, I always verify their authenticity — wait until they are definitely credited and cannot be canceled.

For meetings, I choose safe locations — crowded public areas, not secluded spots. I split large sums into several smaller transactions to reduce risk. And of course, I study my country’s legislation to avoid breaking the law.

Some platforms offer guarantee services — they ensure the transaction is completed by both parties. This reduces the risk of breach of obligations.

In conclusion: OTC is neither good nor bad in itself. It’s a tool, like any other. The main thing is to be cautious, understand the risks, and take proper safety measures. Be attentive, verify information, don’t rush. This applies not only to USDT but to any cryptocurrency trading.