How to buy Bitcoin anonymously
January 7, 2017

How to buy a large amount of Bitcoins

As Bitcoin’s price soars near the end of 2016 many investors are looking to buy large amounts of Bitcoin. The standard methods used by most people aren’t always suitable for such purchases due to high transaction and deposit fees and limited supply of Bitcoins on the exchanges. This guide will show you the most cost effective ways to buy Bitcoins in large amounts (i.e. exceeding $100,000).


Bitcoin OTC exchanges vs. Traditional Bitcoin exchanges

The two main options you have for buying large amounts of Bitcoin are either using OTC exchanges (OTC = over the counter) or the traditional exchanges. OTC exchanges refer to companies or individual wiling to sell you Bitcoins directly and not through a regulated and automated trading platform.


OTC exchanges benefits:

High liquidity – This means you will be able to get your order fulfilled in full faster than on a traditional exchange most of the time.

Fixed price – This means you don’t have a fixed price for your purchase. When you use an OTC exchange you can negotiate a fixed price (e.g. Bitstamp rate + 1%).

OTC exchanges disadvantages:

Less transparency – You are basing your information solely on what you get from the seller.

Less regulation – There is less regulation involved since many of the OTC sellers aren’t listed as money transmitters hence the risk with these transactions increases.


What are the well known Bitcoin OTC exchanges? ItBit, Genesis, Cumberland and Richfund.

We recommend you to digg in before making any move, to take your own conclusions.


Traditional Bitcoin exchanges suited for large transactions

If you want to use traditional automated and regulated Bitcoin exchanges to buy large amounts of Bitcoin there are several exchanges that are suited for that purpose.\r\n\r\nSome of the them are: Coinbase Wallet, GDAX (Coinbase Exchange), Bitstamp and Kraken.


With all of the hype around it, Bitcoin is still in its infancy and the options to buy large amounts of it are limited. However, the services listed above will give you a more than fair solution for this situation. If possible and liquidity permits I suggest going with the regulated exchanges (i.e. Coinbase, Kraken, GDAX) over the OTC exchanges.


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