#bitcoin-otc

#bitcoin-otc marketplace

#bitcoin-otc is an over-the-counter marketplace for trading with bitcoin. The marketplace is located in #bitcoin-otc channel on the Libera Chat IRC network. If you don't have an IRC client, click here to visit wth your web browser.

resources

Web view of the open order book.
Currency ticker.
A guide to using #bitcoin-otc. A must-read for all users: how to use the order book, and how to stay safe while conducting OTC transactions.

OTC web of trust

To complement the OTC marketplace, we offer a web of trust service. Due to the p2p nature of OTC transactions, you are exposed to counterparty risk. To mitigate this risk, you need to have access to your counterparty's reputation and trade history. This is precisely the kind of information that the OTC web of trust provides.

resources

Disclaimers

#bitcoin-otc is merely an aggregator of outstanding supply and demand. All transactions that may occur are conducted directly between counterparties, without any participation or intermediation from #bitcoin-otc. As such, it is each individual's responsibility to conduct due diligence on their counterparties, and otherwise act in a prudent way to avoid falling prey to fraudulent users. It is strongly recommended that all users review the guide to using #bitcoin-otc, which contains a non-exhaustive list of suggestions for safe conduct on #bitcoin-otc.

The OTC web of trust is not foolproof. Do not rely on the ratings blindly - since the cost of entry into the web of trust is only one positive rating, it is not impossible for a scammer to infiltrate the system, and then create a bunch of bogus accounts who all inter-rate each other. Talk to people on #bitcoin-otc first, make sure they are familiar with the person you're about to trade with, have traded with him successfully in the past, etc.

Code

The code for the order book IRC bot plugin, the OTC web of trust bot plugin, as well as this website is open. Feel free to grab it from this github git repository. Improvements and contributions are welcome. If you would like to post questions or bug reports, please use the issues tracker on github for this repository.