How many of you here trade on OTC to get large amount of BTC. Say I want 50-500 BTC at a time.
- Will I be able to find many people willing to trade this much?
- Will I get a good price as compared to the exchange?
Experienced users, please reply.
You may not find always find an appropriately-trustworthy person on IRC, but they're out there. If you're worried about regulatory risk suddenly shutting down or seizing funds from an exchange or individual, you're probably most worried about an extremely fast turnover, and your best bet there would be something like BitInstant (currently down) or an individual, like you suggested.- Will I be able to find many people willing to trade this much?
- Will I get a good price as compared to the exchange?
Experienced users, please reply.
In the US, if you have a credit union participating in Shared Branching (and some national banks have similar programs), you can instantly transfer funds to someone else at no charge, thus almost-immediately receiving BTC (or USD if you're the seller of BTC). It's much tougher finding people interested in that (and trustworthy) - but again, they're out there.
