Ethereum OTC trading: ETH and settlement networks

An ETH OTC enquiry should specify the asset, amount, direction, currency and intended settlement network. A familiar address format or ticker does not establish that the sending and receiving networks match. Confirm the provider’s requirements before transferring.

What is the distinction between ETH and a token?

ETH is Ethereum’s native asset. Tokens can also exist on Ethereum, and other networks can use related asset names or address formats. The desk needs the exact asset being bought or sold, not just a broad reference to an Ethereum wallet.

If you intend to use another network or a wrapped version of an asset, say so explicitly. Ask whether the receiving arrangement supports that specific asset and network.

How should you describe your proposed trade?

State whether you want a fixed amount of ETH or a fixed cash amount. Give the settlement currency, preferred timing and intended destination type. For a business, identify who can approve and accept the transaction.

A budget should distinguish the amount available for the trade from any separately charged transfer or other costs. Confirm which costs are included in the quote.

What do gas costs mean for settlement?

Ethereum transactions use gas, and network transaction fees are paid in ETH. The amount can vary with network conditions and transaction requirements. Ask who pays the applicable transfer cost and whether it changes the amount you receive.

Do not use a general network fee estimate as a guaranteed cost for a specific trade. The desk’s instructions and the transfer method need to be understood together.

Which details should you verify before sending?

• The exact asset and agreed network.
• The destination and whether additional instructions apply.
• The amount to send and how fees are handled.
• The funding deadline and required receipt standard.
• How to confirm completion and retain the reference.

Sending to an unsupported destination can lead to loss or a difficult recovery process. Check the instructions through a trusted channel; do not rely on address appearance alone.

What can you confirm with Lumora?

Our team will confirm whether the proposed ETH transaction and settlement method can be supported. Prepare an enquiry rather than transferring assets before eligibility and terms are established.

For the wider process, read OTC settlement and OTC pricing and fees.