Topic: What would be the best method to purchase 60,00USD of Bitcoin? (Read 1743 times)
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Coinbase allows you to buy up to 50 BTC at a time (per day)
Gotta go with coinbase on this one (assuming US citizen). Would have to be purchased over two days I believe.
Kraken if EUR-based
Kraken if EUR-based
I use coinbase and I'm happy with them, but the OP should know that they have a $3000 USD per day maximum on buying. So it would take a lot of transactions to get all of your 61k bought and transferred to your private wallet.
Maybe he can use several exchanges at the same time, like coinbase, bitstamp and ANX. Also he need to have multiple bank accounts too.
Gotta go with coinbase on this one (assuming US citizen). Would have to be purchased over two days I believe.
Kraken if EUR-based
Kraken if EUR-based
I use coinbase and I'm happy with them, but the OP should know that they have a $3000 USD per day maximum on buying. So it would take a lot of transactions to get all of your 61k bought and transferred to your private wallet.
wherever you're buying them from, DO NOT leave them in an online exchange.
Here's what to do. Pick the exchange you want to use, set up with them and do $5000. Pull it out, put it somewhere ELSE - Armory, etc. Verify your money with a private key known only to you is in the blockchain. Then do another $5000. Rinse, repeat. Up it to $10000. Pretty soon you are done.
Withdraw at the moment you have the deal.
Best Regards,
Gondel
Localbitcoins, the extra time it takes is an investment well worth taking imho
You're going to end up with a bad price this way.
Localbitcoins, the extra time it takes is an investment well worth taking imho
Gotta go with coinbase on this one (assuming US citizen). Would have to be purchased over two days I believe.
Kraken if EUR-based
Kraken if EUR-based
As a new user, fastest way may be through localbitcoins.com, as some already suggested this site.
All(if I'm not mistaken) serious exchanges require some user validation, which may take a couple of business days and may be an impediment if you don't want to divulge your identity or are too paranoid.
All(if I'm not mistaken) serious exchanges require some user validation, which may take a couple of business days and may be an impediment if you don't want to divulge your identity or are too paranoid.
Much easier to send a wire to Bitstamp than deal with all this hassle of meeting someone in person with armed security and 60k in cash. That's a bit silly I think.
It really depends if you want to leave a paper trail, and how much you want to expose yourself. The quickest way would probably be a large exchange, but you'll have to provide your full identity. If you care about this, then do it bits at a time through localbitcoins.com via cash deposit if you don't want to meet the seller face to face.
Depends on how anonymous you would like to be, etc. You can buy from someone on llocalbitcoins, but would make sure they have excellent feedback and also of course meet in a safe location. You could also break it down into smaller transactions, back to back..like start out with $500 to make sure goes well..then $1000, then $2000 and then $5000 at a time or however you feel comfortalbe.
I have done this and bought $51K of BTC and all went fine. Just be methodical about it. I also arranged to meet at a location near where I live, so I didn't carry all the cash on me at once. I brought about 15K and traded that and then went home and got the rest after I was sure the seller was cool.
If you do it through Coinbase or Bitstamp, you may or may not get a better rate, but you will have to verify your identity and all that comes with it. Nothing wrong with that, but just a consideration for some people.
I have done this and bought $51K of BTC and all went fine. Just be methodical about it. I also arranged to meet at a location near where I live, so I didn't carry all the cash on me at once. I brought about 15K and traded that and then went home and got the rest after I was sure the seller was cool.
If you do it through Coinbase or Bitstamp, you may or may not get a better rate, but you will have to verify your identity and all that comes with it. Nothing wrong with that, but just a consideration for some people.
Maybe take a trip BFL and buy directly from them. I am sure they have it on hand.
Honestly for that amount you'd probably be able to get a Bitcoin millionaire to meet you somewhere with security to do the trade.
Nothing wrong with that concept. Meet in a bank where one of you knows the people there.Or an attorney's office. Or a title company, strange as that might sound.
Honestly for that amount you'd probably be able to get a Bitcoin millionaire to meet you somewhere with security to do the trade.
wherever you're buying them from, DO NOT leave them in an online exchange.
Here's what to do. Pick the exchange you want to use, set up with them and do $5000. Pull it out, put it somewhere ELSE - Armory, etc. Verify your money with a private key known only to you is in the blockchain. Then do another $5000. Rinse, repeat. Up it to $10000. Pretty soon you are done.
wherever you're buying them from, DO NOT leave them in an online exchange.
I would recommend you to use our trusted ANXPRO exchange Hong Kong based, its easy to deposit the money in and currently we do not have almost any fee on deposits, even via bank wire!, now we accept SEPA deposits and withdrawals.
Local HKD Currency bank transfer deposits do not incur any fees.
Local AUD Currency bank transfer deposits do not incur any fees.
Local CHF Currency bank transfer deposits incur Fr 9 CHF + 0 of deposit amount as processing fee.
SEPA(Single Euro Payments Area) EUR Currency bank transfer deposits incur € 0 EUR + 0 of deposit amount as processing fee.
International Bank Wire Deposits: Free!
ANXPRO
Local HKD Currency bank transfer deposits do not incur any fees.
Local AUD Currency bank transfer deposits do not incur any fees.
Local CHF Currency bank transfer deposits incur Fr 9 CHF + 0 of deposit amount as processing fee.
SEPA(Single Euro Payments Area) EUR Currency bank transfer deposits incur € 0 EUR + 0 of deposit amount as processing fee.
International Bank Wire Deposits: Free!
ANXPRO
Bitstamp, bitfinex or second market.
If you are from Belgium or The Netherlands, or have a Belgian or Dutch bank account, you can buy them instantly through Bitonic or Bitplaats.
The fees are very reasonably.
The fees are very reasonably.
http://www.bitcointrust.co/
Second Market/Bitcoin Investment Trust is pretty much designed for this exact purpose. Perhaps you could contact them and see what they say.
Second Market/Bitcoin Investment Trust is pretty much designed for this exact purpose. Perhaps you could contact them and see what they say.
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