Scaling Up Your Crypto Holdings: Buy Large Amount of Bitcoins in 2023

Numerous people who are passionate about cryptocurrencies and investors alike have a keen interest in putting their money into Bitcoin in significant quantities or buy large amounts of Bitcoin in 2023.

For quite a while now, Bitcoin has stood out as the standout cryptocurrency, capturing the attention of those looking to invest their money.

As a result of this trend, many people are asking, “How can buy large amount of bitcoins?” This question is becoming more common. Most of the platforms where Bitcoin is bought impose a maximum limit on the amount you can purchase in a single order, and with the rising price of Bitcoin, these limitations can restrict larger purchases. 

Before start in, it’s important to understand that making substantial investments in Bitcoin comes with its share of risks, much like any other sizable investment. Therefore, it’s crucial to exercise caution. You should take the time to assess if you’re prepared for such financial commitments and if you have the necessary funds available before proceeding.

Buy Large Amount of Bitcoins

What qualifies as a “large amount” of Bitcoin depends somewhat on your financial situation, but generally speaking, it usually means having £10,000 worth or more of Bitcoin. This value typically corresponds to around a quarter to half of a Bitcoin, due to the market’s fluctuations.

When it comes to acquiring a significant quantity of Bitcoin, there are primarily two main options you can explore: using regular cryptocurrency exchanges with higher transaction limits or opting for OTC (Over Counter) exchanges. Each option has its own advantages and disadvantages, and we have outlined them here to assist you in making the right choice for your needs.

Cryptocurrency Exchanges VS OTC Exchanges

The key distinction between conventional Bitcoin exchanges and OTC exchanges lies in the nature of the transactions. On traditional exchanges, you engage in direct coin trading with other users of the platform. Conversely, OTC services function more like brokerages, you communicate with a representative who arranges for the desired amount of coins to be transferred to you.

Here’s a brief overview to help you consider which option is best for you.

Traditional Crypto Exchanges Buy Large Amount of Bitcoins

Exchanges are the most familiar way to purchase cryptocurrencies, and unless this is your first time buying Bitcoin, you are likely already acquainted with at least one of these platforms. On these exchanges, there is a continuously updated order book where users buy and sell coins at the prevailing market price.

However, when dealing to buy large amounts of bitcoins on these platforms, determining the “best available price” becomes a bit challenging. Sellers can only offer a limited amount of Bitcoin for trading, potentially requiring you to execute multiple orders if you’re buying a substantial quantity. This can lead to fluctuating prices per coin as your continued purchases impact the market rate.

OTC Exchanges Buy Large Amount of Bitcoins

These services specialize in handling large trades. Unlike exchanges where you personally complete each transaction, OTC exchanges involve agreeing upon a fixed price beforehand. A broker or dealer then secures the specified amount of Bitcoin and delivers it to you for that agreed-upon sum.

This eliminates the concern of fluctuating coin prices associated with significant purchases on regular exchanges. However, it also means you’re likely to pay a premium price overall for the convenience provided by the OTC exchange.

Other Options to Buy Large Amount of Bitcoins

Depending on your perception of “large” in terms of a transaction, you might discover that you can easily acquire the desired amount of coins through a regular crypto broker or exchange. For instance, if your intention is to invest £1,000 in Bitcoin, established services like Coinbase or Binance can facilitate this without complications.

There are also alternatives that enable anonymous purchase methods or cash transactions for Bitcoin. However, it’s crucial to exercise caution if pursuing these avenues, as minimal assistance is available if complications arise. In general, we recommend consulting our comprehensive guide to purchasing Bitcoin, which covers all the available options.

Important Considerations to Buy Large Amount of Bitcoins

When purchasing substantial amounts of Bitcoin, there are several factors you should keep in mind to ensure a smooth experience and safeguard your investment.

Here’s what you need to pay attention to:

Slippage

Slippage is a common issue that can arise with larger orders. It refers to market fluctuations occurring while your order is in progress. This can lead to receiving a lower amount of Bitcoin than anticipated due to the price of each coin increasing before your order is fully executed. Slippage can occur because you may need to fill multiple orders from the exchange’s order book for a significant purchase, or it could result from rapid market fluctuations during your order processing.

Trading Volume

Opt for an exchange with high liquidity when dealing with substantial transactions. An active exchange with a high volume of trades is less likely to be affected by slippage when handling large orders. This ensures that you are more likely to receive the exact amount of Bitcoin you intended to acquire.

Fees

Prior to committing a significant amount of funds, it’s crucial to be aware of the fees associated with the transaction. Different types of fees may apply, such as deposit/withdrawal fees, trading fees for each order placed, charges linked to your chosen payment method, or blockchain fees that could impact the final amount of Bitcoin you receive. To avoid unexpected costs, carefully review the fee structure of each platform. Our platform reviews can help you make an informed decision.

Trading Limits

Select an exchange with high trading limits to accommodate your sizeable crypto purchase. While minimum trade limits are unlikely to pose an issue (unless you also intend to make smaller transactions), certain platforms might have restrictive upper trading limits. Take the time to assess each platform’s trading limit capability to ensure it can handle your trade volume before registering.

Security

Especially when dealing with significant sums of money, it’s essential to only use a trusted platform with a solid reputation for safeguarding users’ funds. Established exchanges generally have a reliable track record of ensuring fund security. Prior to entrusting an exchange with large transactions, thoroughly investigate the security measures it has in place to protect your investment.

In summary, when considering a substantial Bitcoin purchase, be mindful of potential slippage, prioritize exchanges with high trading volumes, understand the fee structure, confirm trading limits, and prioritize security. Taking these factors into account will help you make an informed decision and navigate the process with confidence.

Top Best Places to Buy Large Amount of Bitcoins in 2023

After thorough evaluation, we have examined the leading Bitcoin platforms that cater to buy large amount of bitcoins in 2023. Understandably, not all of them stand out, prompting us to assess and rank these options. As a result, we have compiled a definitive list of the finest platforms for acquiring large quantities of Bitcoin.

Your task now is simply to pick the one that resonates with you. The comparison table awaits you below, but for a more in-depth understanding of each platform, we invite you to continue perusing this guide.

let’s take a closer look at the platforms you should consider using when buying larger amounts of Bitcoin.

eToro

eToro is a top-rated broker known for accommodating high deposit limits. They charge a 1% fee for each crypto trade.

When it comes to deposit and withdrawal limits, eToro provides flexibility. You can deposit up to $40,000 per transaction using debit cards, up to $10,000 using PayPal and online banking, and even as much as $1 million through wire transfer.

One of eToro’s standout features is its diverse selection of both traditional and crypto assets. They also offer unique tools like smart portfolios and copy trading, allowing you to make informed investment decisions. Notably, eToro permits withdrawals of up to $200,000 worth of cryptocurrency to the eToro Money wallet every day.

Read More: Learn How to Buy Bitcoin on eToro User-Friendly Platform: 4 Easy Steps

Coinbase

Coinbase is a well-known exchange option for purchasing larger amounts of Bitcoin.

Coinbase is widely recognized and utilized for its user-friendly interface and extensive security measures. It provides a range of payment options, including credit cards, debit cards, bank transfers, PayPal, and more, to conveniently deposit funds.

Fees for trading on Coinbase vary, with advanced trades incurring fees of up to 0.6%. It’s worth noting that Coinbase boasts a high level of liquidity, ensuring you have access to substantial trading opportunities.

Deposits and withdrawals have varying limits based on your location and chosen payment method. This ensures flexibility tailored to different regions.

Notably, when utilizing post-only limit orders, there is no maximum trade size. Additionally, Coinbase Prime caters specifically to institutions, offering a platform optimized for trading and safeguarding large volumes of cryptocurrency. This service, known as Coinbase Prime, is designed to facilitate the trading and safekeeping of substantial crypto holdings for institutional clients.

Kraken

Kraken is a notable cryptocurrency exchange that caters to different trading needs, including those involving larger volumes of Bitcoin.

Kraken stands out for its specialized features, such as the Kraken Pro platform. Here, you’ll find a suite of robust trading tools at your disposal. Moreover, Kraken offers additional functionalities like staking and margin trading to enhance your trading experience.

A key highlight is Kraken’s OTC Desk, tailored to provide personalized and discreet services for both institutional investors and individuals with substantial financial resources. This desk is designed to handle large orders, even exceeding $1 million, with individualized quotes to ensure privacy and meet specific needs.

For Pro users, deposit and withdrawal limits are notably high, with a daily cap exceeding $10 million, ensuring flexibility for those dealing with substantial amounts of cryptocurrency.

When making comparisons among cryptocurrency exchanges, the conversation often revolves around Kraken and Gemini. Each of these platforms has distinct attributes and strong security measures in place, offering a variety of choices for cryptocurrency enthusiasts like you.

Binance

Binance is an advanced cryptocurrency exchange that offers various features for traders dealing with larger amounts of Bitcoin.

Binance is recognized for its sophisticated trading environment, featuring a wide array of tools for users seeking more advanced trading options. When it comes to fees, Binance charges up to 0.1% per trade, which can decrease for those trading higher volumes. Notably, there are no fees associated with Over-The-Counter (OTC) trading.

Deposits and withdrawals on Binance have varying limits depending on the specific currency and chosen payment method, providing flexibility tailored to your preferences.

Binance’s primary spot trading platform is well-equipped to cater to most users’ requirements. It offers customizable charts, indicators, and the ability to execute trades ranging from as low as 10 USDT to over 150 BTC.

For those engaging in larger trades, Binance also presents OTC Block trading. This feature is designed to prevent slippage and ensure smoother execution for significant trades. OTC trades require a minimum value of $200,000, and there is no upper limit on the trade size.

In essence, Binance offers a comprehensive suite of tools and options, including both its main trading platform and specialized OTC Block trading, making it suitable for a wide range of trading needs, from smaller transactions to substantial ones.

Read More: Binance Exchange Review: Super-Easy Crypto Trading with Binance Exchange

Bitstamp

Bitstamp is the pioneering cryptocurrency exchange that laid the foundation for the industry.

Bitstamp, established in 2011, holds the distinction of being the original crypto exchange. Over the years, it has gained widespread recognition and popularity on a global scale. Users appreciate its well-established reputation and widespread usage.

When it comes to funding your account, Bitstamp provides convenient options. You can easily deposit funds using debit or credit cards, as well as through bank accounts.

However, it’s important to note a couple of drawbacks. Bitstamp does not offer margin trading, which might limit certain trading strategies. Additionally, the platform’s fees, set at 0.50% per trade, could be relatively higher, though they can decrease for traders engaging in larger volumes.

It’s worth considering these factors alongside the platform’s historical significance and established presence in the cryptocurrency exchange landscape.

Wrap-Up to Buy Large Amount of Bitcoins

You have the opportunity to buy large amount of Bitcoins across various exchanges and OTC brokers. Your investment limit and comfort level dictate your purchase size, but prudent consideration is essential.

If you’re new, begin with smaller investments. Once confident, select a platform below and commence your journey promptly.

Frequently Asked Questions (FAQs) Buy Large Amount of Bitcoins