How much bitcoin can i sell at once

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

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 Exchanges

Over-the-counter 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.

OTC (or "over the counter") desks are the best place to buy lots of Bitcoin

For more information on Bitcoin OTC markets, check out this explainer from Brave New Coin.

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 in bulk, and bulk purchases usually come with a discount. However, larger Bitcoin purchase orders are harder to fill than small ones, and the profit made on them is less since most exchanges make money on volume.

Online Exchanges

The OTC 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:

Best OTC Exchanges

Cumberland 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 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.

Genesis Trading Visit Genesis Website

Genesis is an OTC trading group 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 , the Firm has traded over , Bitcoin (BTC), worth over $ million United States Dollars, and has completed over 2, trades. Genesis makes buying and selling large blocks of digital currency a simple, secure, and supported process.

Genesis Trading

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

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

Coinbase Visit Coinbase's Website 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, 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 % fee per transaction. If you buy $50, worth of bitcoin, you’ll pay a $ fee and receive $49, 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, to $, If your request is granted, deposits over the $50, per day must be made with a wire transfer.

Bitstamp Visit Bitstamp's Website Read Review

Bitstamp was one of the first Bitcoin exchanges. It’s based in Slovenia, but backed by a number of U.S. companies, including Pantera Capital. Bitstamp’s exchange trades in U.S. dollars, with an average daily volume of 10, bitcoins.

Bitstamp is a good option for European users, who can deposit via SEPA transfer. Bitstamp also accepts SWIFT transfers.

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.

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 exchanges have withdrawal limits that prevent you from withdrawing 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.

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:

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 coins 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 $, 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's Caravan software

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