How to Buy Large Amounts of Bitcoin

Bitcoin is becoming attractive as a speculative investment as more people begin to doubt the existing financial system and fiat currencies in favor of blockchain assets.

Because of this the question “how do I buy large amounts of bitcoin?” is popping up frequently. This post will show you how.

Use OTC Brokers and Cryptocurrency Exchanges

Over-the-counter crypto exchanges have helped increase liquidity. Large players now have more options to deal with large blocks of bitcoin, thanks to the companies discussed in depth below.

Just be aware that in many (if not most) cases, buying large amounts of Bitcoin will mean paying a premium over the spot price. This is especially true for OTC purchases. This premium is unintuitive since you are essentially buying Bitcoin and altcoins in bulk, and bulk purchases usually come with a discount. However, large transactions are harder to fill than small ones, and the profit made on them is less since most exchanges make money on volume.

Online Cryptocurrency Exchanges

The OTC crypto exchanges require you to call and communicate on the phone. If you want to buy large amounts of bitcoin online, try one of these exchanges:

  • Popular Exchanges
  • coinbase exchange logo
    Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card
    BUY NOW at Coinbase's Secure Site
  • coinbase pro logo
    Coinbase Pro
    • Some of the lowest fees available for US and EU customers
    • Possible to buy bitcoins for 0% fees
    • Run by Coinbase
    BUY NOW at Coinbase's Secure Site

Best OTC Brokers

Coinbase ProCoinbase Pro Visit Coinbase Pro Read Review

Coinbase Pro is separate from Coinbase’s brokerage services. Coinbase Pro is currently the largest U.S. based Bitcoin Exchange, with around 7,000-10,000 BTC traded daily.

Coinbase pro is available in all of the USA besides Hawaii.

It is also available in the following EU countries:



CoinbaseCoinbase Visit Coinbase Read Review

Coinbase is a good option for individuals who want to buy large quantities of bitcoin. It’s also one of the easiest ways to buy bitcoin in the U.S., Canada, or Europe.

Fully verified users can buy up to $50,000 worth of bitcoin per day on Coinbase, through a connected bank account via ACH bank transfer, or with a wire transfer.

Coinbase sells Bitcoin at a fixed rate, which is generally very close to market price. The downside to Coinbase is the 1.49% fee per transaction. If you buy $50,000 worth of bitcoin, you’ll pay a $500 fee and receive $49,500 worth of bitcoin. To prevent paying a fee and to select your own price, see the next option on this list.

Users in select states can request to raise their deposit limit from $50,000 to $100,000. If your request is granted, deposits over the $50,000 per day must be made with a wire transfer.



GeminiGemini Visit Gemini's Website Read Review

The Winklevoss twins launched Gemini in November 2015. Gemini works with both individuals and institutional clients.

Fully verified users have high deposits limits. While the exchange has received a lot of hype, it’s now yet shown in its volume. Due to this users may have a tough time making use of their large deposits. In the future, this may be a better option.



SamouraiCumberland Mining Visit Cumberland's Website

Cumberland Mining is one of the leading OTC liquidity providers in the digital currency space. It is a subsidiary of DRW Trading, a prominent financial cryptocurrency trading firm.

As one of the few institutional trading firms in the digital currency space, it helps provide global liquidity to the overall ecosystem through competitive markets/prices. It offers Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC) and others to intuitional investors who want to make large orders using USD, EUR, GBP and other fiat currencies.



Genesis tradingGenesis Trading Visit Genesis Website

Genesis is an OTC trading group and trading platform based in New York other investment groups.

Genesis has a minimum trade size of 25 BTC, but the average trade is much larger:

Since September 2013, the Firm has traded over 900,000 Bitcoin (BTC), worth over $360 million United States Dollars, and has completed over 2,400 trades. If you want to buy and sell Bitcoins in bulk, Genesis makes it simple, secure, and fast - protecting you from volatility and decreasing slippage.

genesis trading logoGenesis Trading

This comes out to an average of 375 BTC or $150,000 per trade.

Genesis isn’t open to everyone. You must apply and get approved in order to make a trade.



KrakenKraken Visit Kraken's Website

Kraken is a Bitcoin exchange that trades in Euro. An average day of volume is around 3,000-4,000 bitcoins.

Kraken is a good option for Europeans, who can deposit via SEPA transfer. Deposit limits vary and depend on your level of verification.

U.S. and U.K. users can deposit via SEPA transfer or SWIFT. Japanese users can deposit JPY via bank deposit.



FAQ

What is the maximum amount of Bitcoin I can buy?

There is no legal maximum to the amount of Bitcoins you can buy. If your country will allow you to buy any Bitcoin, you can buy as many as you want.

The only real limit is the total amount of Bitcoin: 21 million. Obviously you cannot buy more than are in existence.

How many Bitcoins can you sell at once?

You can sell as many Bitcoins as you want on pretty much any exchange. The issue would be getting your fiat off the exchange, as most exchanges have daily, monthly, and yearly withdrawal limits that differ based on what level of KYC you have undergone.

krakens fiat withdrawal limits
Kraken's fiat withdrawal limits - higher tier traders can withdraw A LOT of fiat every month

How much Bitcoin can you withdraw per day?

This depends on the exchange. Most crypto exchanges have withdrawal limits that prevent you from withdrawing digital assets above a certain amount of coins per day. Check your exchanges FAQs to find out what their limits are, and do your best to work with exchanges with large withdrawal limits.

Krakens crypto withdrawal limits
Kraken's crypto withdrawal limits - higher tier traders can withdraw A LOT of Bitcoin every month

Can you buy .1 Bitcoin?

Yes, you can buy as much or as little Bitcoin as you want. Most exchanges do have a minimum purchase limit, however the minimums are well below .1 Bitcoin on any exchange.

Where should I keep a large amount of Bitcoin?

If you have bought (or are planning to buy) a large amount of Bitcoin, you need to keep your coins in a hardware wallet.

You can see our favorite wallets below:

COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $145
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $72
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $189
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $79

The nice thing about hardware wallets is that the private key that holds your Bitcoins is never exposed to the internet which makes it almost impossible to steal your coins in a hack.

The only thing you have to do once you buy your crypto assets is withdraw them to an address generated by your hardware wallet and be sure to make a backup of the wallet when you set it up.

If you have a truly astounding amount of Bitcoin (for instance, more than $100,000 worth), one hardware wallet may not be secure enough. For this, you should look into creating a multisig wallet with 3 or more hardware wallets of different make and models. Using a multisig means that coins cannot be spent unless 2 of the 3 or sometimes 3 of the 3 signatures for the wallet all sign the transaction.

It’s sort of like multifactor authentication, but for Bitcoin.

Unchained Capital has an experimental multisig software called Caravan that makes this easier to implement these days.

unchained capital caravan
Unchained Capital's Caravan software

Another option for easy multisig using a clean desktop UI comes from Specter.

Thankfully, full node software developers like mynode have integrated caravan and specter into their software to make it easier. And if you are holding that much Bitcoin, you should be running a full node anyway.