Topic: How to Buy large Volumes of BTC (Read 417 times)
There's lot of choices to choose from if it's available in your country you can cash in any remittances that can convert your cash into bitcoin but there's a limit and i don't think you can buy that much btc from it. Well the best choice is to find a bitcoin seller in your place meet up then do the transaction face to face, in that way it's more safe and secured.
Bitcoin is a digital asset, which the prize increase from time to time, Hence buying BTC, need to know the current prize before purchasing using ATM with a Luno Exchange, secondly it we required KYC for a large amount of transaction.
try to buy on https://localbitcoins.com
Mosty you find a seller near to your country or location.
regards
Mosty you find a seller near to your country or location.
regards
On sites for exchanging cryptocurrencies into fiat money, there is a service with which you can buy a large amount of bitcoins. But before you do this, try to pre-buy according to the scheme that they offer a small amount. If everything goes smoothly then you can agree again and already buy more.
Curious to know as to how I can purchase large volumes of BTC. Will be paying cash.
Lets start with 500 to 1K BTC
Hope you aren't joking here.
-Used Coinbase or Binance
-Undergo KYC to increase limit tiers
-Deposit fiat
-Buy Bitcoin
IMPORTANT THING: To avoid being flagged, DO NOT make a one-time big-time transaction. You need patience here as you will make a slow process to achieve that BTC500 to BTC1,000. Deposit, Buy then Withdraw right away then repeat. Yes, it will eat more fees but way better than making a P2P as it's way more risky to hold such a high amount in public.
But after lots of responses here, I do really hope you aren't joking here.
I can suggest you to trade via OTC on trading platforms like okex or houbi
There is no limit to how many coin of btc you can buy since you have your funds and getting it from a good exchange or reliable source then you have no worry to think about , just be very careful with your wallet key and play save with it since it has a very huge amount in the wallet.
Curious to know as to how I can purchase large volumes of BTC. Will be paying cash.
Like what range? Can you be specific?
1 btc could be large to you but not for others, that's why it will help if you will give us a range of some figures.
Lets start with 500 to 1K BTC
Curious to know as to how I can purchase large volumes of BTC. Will be paying cash.
So you have considerable amount of physical cash with you, and you want to convert them to cryptocurrency? You can try your luck by posting your proposal in the Currency exchange sub-forum (https://bitcointalk.org/index.php?board=53.0). But I am not sure whether anyone will deal with you or not, since you are quite new to this forum, and don't have any reputation.
There are multiple risk factors associated with selling BTC for physical cash:
1. There is a chance that the money is not clean. In that case, the authority can arrest the buyer and trace his BTC back to you.
2. Personal deals (face-to-face) are not encouraged, as there have been multiple incidents of fraud.
3. If the volume of the physical cash is large, then the seller is vulnerable to raids from the authorities.
The larger volume should indicate how many bitcoins are numbered. A Bitcoin is $ 10000, it is higher for many. It may seem small to you. Easily buy 1 bitcoins from the top exchanger. Buying face-to-face for protection is good. However, if your country supports it, purchases can be made using a bank card.
Depends on how large in volume it is. Even verified accounts in exchanges sets a limit on the amount you can buy. Again, exchanges are also never reliable. You best bet is to find someone will to sell BTC and do a peer to peer transaction. Safest and the most easiest way. A single person might not have all the BTC you need, but you can buy from several people.
Just go for p2p transaction. No hassle, safe and no extra bullshit fees.
Just go for p2p transaction. No hassle, safe and no extra bullshit fees.
You can try cloud mining, it is scam anyway and it’s also how to potentially buy large volumes of bitcoin. I think buying hashing power = buying bitcoin. And it is not a dubious claim.
I have never done a large number of BTC buyers, because in my country depositing cash to the stock exchange is very difficult,
Find where you live and see who offers those services, you can meet that person directly and buy a large amount of BTC directly in cash. In addition to that, you only have OTC exchanges paid in USD like Okex, Bitrex, ... you should use secure platforms and verify your identity.
Curious to know as to how I can purchase large volumes of BTC. Will be paying cash.
For those who want to buy a lot of BTC, they mostly buy it OTC (Over the counter). Institutions never buy btc from exchanges. I am curious to know how many BTC do you want to buy ?
Paying with cash makes this quite a bit more tricky. If you can avoid cash, just use any regular exchange or if you're talking really larges volumes use exchanges with an 'over the counter' feature. (Note that KYC will also be required here)
If cash is absolutely necessary you can look for your nearest Bitcoin ATM (https://coinatmradar.com) and use that to buy BTC, this will also require KYC for large amounts though.
If you want to avoid KYC you may want to use 'back-alley' methods like https://localbitcoins.com/
If cash is absolutely necessary you can look for your nearest Bitcoin ATM (https://coinatmradar.com) and use that to buy BTC, this will also require KYC for large amounts though.
If you want to avoid KYC you may want to use 'back-alley' methods like https://localbitcoins.com/
Depends how "large" the amount you need is. If you need hundreds, probably Coinbase Pro would suffice(if it allows trading in your country). With thousands though? Probably go OTC like people are suggesting.
You can also do something like contacting people on LocalBitcoins and do the transactions in person, so that the fee you're going to pay will only be the transaction fee. Exchange fees can add up quite a bit when buying huge amounts.
Localbitcoins are cash trades are no longer a thing. I think 1-2 months back, they were forced to remove it due to legal issues (specifically from the EU and Finnish government), but I am not 100 percent sure. Localbitcoin traders may still do OTC though, just DM large sellers on the site that are close to your region and ask them for a cash trade, there won't be an escrow though, so keep this in mind and set a safe and public meeting location.You can also do something like contacting people on LocalBitcoins and do the transactions in person, so that the fee you're going to pay will only be the transaction fee. Exchange fees can add up quite a bit when buying huge amounts.
For other marketplaces/OTC, I can recommend sites like OTCBTC, Bittrex, other marketplaces. Keep in mind, doing a large transaction for cash will likely mean that your seller will ask for your ID and other items.
As we have high volume BTC buyers so we have traders, you may not be the largest buyer in history, we got exchanges to handle such volumes also. Find out about exchanges available in your country online, it could help in decision making. You can try both the OTC and exchange, compare the easiest and safer trade.
Curious to know as to how I can purchase large volumes of BTC. Will be paying cash.
How large volumes do you mean?
Curious to know as to how I can purchase large volumes of BTC. Will be paying cash.
Like what range? Can you be specific?
1 btc could be large to you but not for others, that's why it will help if you will give us a range of some figures.
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