Where to buy bitcoin - page 2. | Bitcointalksearch.org

Dunamisx

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Quote from: TheMythicalGames on September 23, 2022, 09:39:19 AM

Hey guys,
So I know this is common question but where is a good place to buy a large amount of bitcoin with no to little fees. Aswell as a website that doesn't lock your account so sending btc to a ledger wouldn't be a problem after buying btc. Those are the two big things I'm looking for since I'm about to dump around 50k into btc.

Thanks everyone!

The best option is for you to go decentralized to buy your bitcoin using a decentralized exchange, you can try using hodlhodl or bisq for such, this will help you have privacy and ultimate security with your coins, but some users also make use of centralized exchanges only to acquire the purchase of bitcoin and immediately move their asset to a decentralized wallet like the ones I've mentioned above, and your bitcoin can be accessed ay anytime with them without an envisage embargo of any kind.

Lucius

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@hd49728, The OP mentioned Ledger, so I assume that he already owns it or is planning to buy it, which is a completely logical step if he wants to invest $50k, which is too serious an amount for a hot wallet. Of course, Electrum can be used as cold storage, but that again requires a little more knowledge and another device.

If the OP has no problems with KYC and his funds are legal, of course he can use one of the well-known CEX, where he will certainly not encounter a problem with liquidity - I assume that this would not be the case with one of the DEXs, although I do not use them, so maybe I am wrong.

hd49728

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Not your keys, not your coins!

Binnance or FTX exchange but because you spend big capital, after buying Bitcoin, you should withdraw it to your non custodial wallet. Don't store your coins on exchanges.

Electrum wallet: https://electrum.org/#home. This is a SPV wallet and does not require big storage space.

If you want to have full node, use Bitcoin Core: https://bitcoincore.org/

Lastly please read Security checklist https://cryptosec.info/checklist/

Coin_trader

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P2P exchange or your local bitcoin trader that can deal with you personally is the best option to buy Bitcoin in bulk without any fees or risk of account being freeze because all Centralized exchange available in crypto are prone to account freeze especially if you have huge balance that keeps coming in and out on exchange because this can be categorized as money laundering if you do this often times.

It’s really a pain too in case you encounter a problem on CEX with huge amount of money because you can’t do anything than wait to there decision compared when you buy directly to person locally. Localbitcoin is the best site to find seller of crypto in your country. This is what I’m using before Binance launch its P2P feature.

Apocollapse

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When you're looking for a website that doesn't lock your account, this mean you're talking about centralized exchanges it is? because there's no way decentralized exchanges will lock your funds. If you're don't like KYC, then you must not use any centralized exchanges because they have mandatory KYC including Kucoin.

Bisq aka completely 100% decentralized exchanges wouldn't lock your funds, but the trading fees are around 1%.

mk4

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The answer is going to depend on what country you're in — because most of the time, your local exchange is the way to go.

On the other hand, you can try out Binance P2P(requires AML/KYC), or other P2P platforms like LocalCryptos and HodlHodl(doesn't require AML/KYC). Fees will vary though; and make sure you're trading with reputable people when doing P2P.

TheMythicalGames

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Hey guys,
So I know this is common question but where is a good place to buy a large amount of bitcoin with no to little fees. Aswell as a website that doesn't lock your account so sending btc to a ledger wouldn't be a problem after buying btc. Those are the two big things I'm looking for since I'm about to dump around 50k into btc.

Thanks everyone!

Topic: Where to buy bitcoin - page 2. (Read 282 times)