Which is better exchange traded or OTC?

So, you're considering your options in the world of cryptocurrency trading and you're wondering, "Which is better: exchange traded or over-the-counter (OTC)?" Well, let's dive into it. Exchange traded trading, on the one hand, offers a high level of transparency and liquidity. You can easily see the bid and ask prices, and the market is always open for trading. Plus, exchanges have built-in mechanisms to prevent fraud and ensure fair pricing. However, exchange traded trading may come with higher fees and more competition, which can make it harder to execute large trades without impacting the market. On the other hand, OTC trading allows for more privacy and flexibility. You can negotiate directly with a counterparty, which can lead to better pricing and larger trade sizes. Plus, OTC trading can be done on a 24/7 basis, making it more convenient for traders in different time zones. However, OTC trading may come with more risk, as there are fewer regulations and less transparency. So, which is better? It really depends on your needs and preferences as a trader. If you're looking for transparency, liquidity, and protection from fraud, exchange traded trading may be the way to go. But if you're looking for privacy, flexibility, and the ability to execute large trades, OTC trading may be a better fit. Ultimately, it's up to you to weigh the pros and cons and make the decision that's right for you.