Bitcoin is a decentralized digital currency that operates without a central bank or single administrator. It can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries.

Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Miners use computer power to solve complex mathematical problems, validating transactions and adding them to the blockchain.

Bitcoin can be used for various transactions, including purchasing goods and services, investing, and transferring money internationally with lower fees and faster processing times compared to traditional financial systems.

Bitcoin can be purchased through cryptocurrency exchanges, peer-to-peer platforms, Bitcoin ATMs, and sometimes directly from individuals. Common payment methods include bank transfers, credit cards, and other cryptocurrencies.

Bitcoin can be purchased through cryptocurrency exchanges, peer-to-peer platforms, Bitcoin ATMs, and sometimes directly from individuals. Common payment methods include bank transfers, credit cards, and other cryptocurrencies.

OTC trading refers to the buying and selling of financial instruments, such as cryptocurrencies, directly between two parties without the supervision of an exchange. This type of trading is often used for large transactions to avoid price slippage.

OTC trading is used for its privacy, the ability to execute large trades without impacting the market price, and the personalized service offered by OTC desks.

OTC desks match buyers and sellers of large quantities of cryptocurrencies. They often provide a more personalized service, including tailored prices and settlement times.

Yes, risks include counterparty risk (the risk that the other party may default), lack of transparency, and the potential for fraud. Working with reputable OTC desks can mitigate some of these risks.