Overall, ensure you put your trust in a regulated exchange with several payment methods, affordable prices, and quality service. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation.
While there’s no limit on the amount you can deposit into your Binance account, the standard 24-hour withdrawal limit on a basic account is 2 BTC. You can upgrade this to 100 BTC by providing your name, gender, nationality and proof of ID. If you’d like to upgrade to an even higher withdrawal limit, you can contact Binance support directly. If you’re looking for an exchange that also maintains an OTC desk, NDAX is a great choice. The NDAX Wealth platform allows for high-volume trades in Bitcoin with all the benefits of an OTC transaction — and you can trade in plenty of other cryptocurrencies as well.
Use OTC Brokers and Cryptocurrency Exchanges
That’s why it will take one to five days for the money to arrive in your bank account. Traditional exchanges offer a simple and straightforward way for their customers to buy Bitcoin and other crypto coins. It has a wide range of investments and a rich selection of cryptocurrencies.
- You can sell as many Bitcoins as you want on pretty much any exchange.
- The platform’s “Private Client” service is especially beneficial for users looking to invest in significant amounts of Bitcoin.
- Once the payment has gone through, there is no third party that can intervene with the transaction.
- On traditional crypto exchanges, you’re trading directly with individuals on the platform, while on a typical OTC broker platform, the site is connecting you to people or companies willing to trade.
- “One of our clients approached us and said they were interested in acquiring 25% of all bitcoin currently available,” Dadiani said.
Fiat currency deposits are free with many deposit methods, and depending on your trading volume you will pay a transaction fee between 0.00%-0.50%. Coinbase’s brokerage service allows you to buy up to $25,000 Bitcoins per day, If you’re a fully verified member. Even though the price is very close to the market price, Coinbase will take 1% of these transactions which is relatively expensive. Athena Crypto Exchange (ACE), formerly known as Athena Investor Services (AIS),was launched in late 2017. Binance OTC’s minimum trade size is $200,000 worth of coins, with users required to first authenticate themselves.
Bitcoin OTC Brokers vs. Trading Platforms
In these transactions, an OTC broker connects you with a party that wants to buy or sell crypto, depending on what kind of transaction you’re offering. Both parties stay anonymous and transfer the amounts between each other, with the broker acting as an intermediary. If we disregard the enormous amounts of coins that malicious actors transferred in one of the previous major crypto hacks, the most significant crypto transaction ever was conducted in late 2011. In November of that year, someone sent around 500,000 BTC to a single address at once. Back then, that amount was worth around $1.4 million — today, it would be in the billions of dollars. Generally, OTC brokers are a good option for high-volume traders, especially when the exchange has an established reputation.
How to buy large amounts of bitcoin and cryptocurrency in the US
Our partners cannot pay us to guarantee favorable reviews of their products or services. If you pick a solid crypto OTC exchange, it can help you realise your short and long-term investment goals. As Bitcoin continues to grow in popularity, there are more and more services popping up to help you buy Bitcoin in large amounts. The services listed above will give you a more-than-fair solution if you’re looking to buy a large amount of Bitcoin.
In addition to choosing the right service, there are a few more tips to make your Bitcoin cash-out experience as smooth as possible when dealing with bigger sums. There are several services dealing with cryptocurrency withdrawals to gift cards. If you are investing in stocks planning to use this method, be sure to thoroughly research the matter yourself. Possible cash-out solutions that we discussed above frequently imply high costs and long processing times, especially when it comes to the bank transfer method (bank wire).
Other payment methods such as wire transfers are available to buy crypto, too. Crypto exchanges enable purchasing virtual currencies via different payment methods. Most prominent platforms allow debit and credit card transactions, wire transfers, and other digital payments, including PayPal and Venmo. It supports a range of fiat currencies like US dollars (USD), Canadian dollars (CAD), euros (EUR) and Japanese yen (JPY). Accepting bitcoin payments will require paying fewer fees than credit card payments.
Top Crypto Exchanges for Large Purchases
Coinbase accepts a wide range of fiat currencies and calculates unique purchase limits for each user, which you can increase by submitting photo ID. Record and safeguard any new passwords for your crypto account or digital wallet (more on those below). HitBTC, established in 2013 and based in Hong Kong, is a cryptocurrency exchange that supplies dedicated OTC services. The minimum trade size for using OTC services is $100,000 and fees are 0.1% per trade. Coinbase is one of the best-known exchanges operating out of America, having dealt in cryptocurrencies since 2011.