Author

Topic: Where, How to buy $100,000 (USD) of BTC in a day or two? (Read 870 times)

legendary
Activity: 1302
Merit: 1027
Is this even possible?

every thing is possible , you just have to register in exchange and buy the bitcoins and transfer the amount and get the btc in your wallet, it is upto you that what way you buy means in a one shot or slowly slowly because if the price goes down that time you should not feel sorry for that.

Their are so many exchanges where you can buy for more than $100,000 value of btc in single day.
sr. member
Activity: 241
Merit: 250
just about 255 BTC, so yes, you can do it, even on online exchange. but better do OTC trade, it's faster and more safe

copper member
Activity: 2870
Merit: 2298
Is this even possible?

Why not? Transfer it to your favorite exchange, buy bitcoin, done.

You might influence the price slightly (~0.5% on bitstamp).
You would probably want to transfer to the most liquid exchange that is reputable.

As it stands now, if you were to buy $100k worth of bitcoin, you would cause the price on bitstamp to rise 1.5%, but on average the price you will pay is 1.17% above the last price. If you were to buy $100k worth of bitcoin on bitfinex, it would cause the price to increase 0.77% and on average would pay 0.47% above the last price. If you would to buy 100k on coinbase then it would cause the price to rise about 2%, and I am not sure what your average price would be.

AFAIK there are no limits as to how much you can deposit at bitstamp and bitfinex, and you can have your limit on coinbase raised to pretty much however much money you have as long as you can show proof of funds, although your ACH deposit limit is not going to be raised above $10k per day
sr. member
Activity: 252
Merit: 250
Earn by Forex. Try our services
Well, with 0.5% movement he could to  run some arbitrage too  Wink
copper member
Activity: 1498
Merit: 1499
No I dont escrow anymore.
OK Thanks!,  So bitstamp does not have a daily limit?

I dont know. I have never seen any statement that there are limits, but I also dont trade 100k worth of coins.
sr. member
Activity: 751
Merit: 251
OK Thanks!,  So bitstamp does not have a daily limit?
copper member
Activity: 1498
Merit: 1499
No I dont escrow anymore.
Is this even possible?

Why not? Transfer it to your favorite exchange, buy bitcoin, done.

You might influence the price slightly (~0.5% on bitstamp).
sr. member
Activity: 751
Merit: 251
Is this even possible?
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