Bitcoin Forum

Hi Guys,

I was wondering about the safest way to buy more than 100BTC? I would really appreciate your feedback guys

 That really depends on where you live.

where do you live, if your live in USA you can use coinbase, if in UK you can use bitstamp or you can search ini google many site you can use to buy bitcoin but you must use site who reliable and trusted for this service

if you want buy is much bitcoin
recomended exchanger
1 btc-e
2 coinbase
3 bitsamp
4 huoni
5 okcoin

Definitely would be best to buy it through a large exchange and not from a person directly, which could put a lot of risk on you for various reasons. Personally I would suggest bitstamp or Coinbase.

You have money in your wallet ? , it's worth more than $60k .
I think you just joking , because this is your first post and you gone (maybe..?) . Well , like the other said you can try localbitcoins.com or coinbase.com for buy bitcoin easily .

Depends upon which country you are from, that determines which exchangers you can use and keep in mind first try to do all ID verification before you deposit heavy fiat in them as i don't think there are any exchanger which accept large deposits without full account verifaction or in some case source of fund verified.

100BTC is cool but its not hard to buy, you have many options.  If you are concerned about risks with exchanges then move the fiat in separate chunks.  Even though there have been some recent troubles finex is fine for buying and withdraw, also kraken.  Depends where you live.

Whatever country it may be, I would not suggest that online trading for huge volume of trading. Because scam attempt may happen easily to anyone. I would like to suggest to check the direct traders in your location to have best trade.

Don't forget coinbase I bought many times there without any issue they are really quick I think better than bitstamp where you need a long time to verify your account.

For me exchange your bitcoin in exchange site in local area so that you can not be confused to buy bitcoins also its more safe if the company is near you.. like in india zebpay or philippines  coinsph they can withdraw and deposit bitcoin fast..

Trying for buying in the big exchanges or you can see the charts of the exchange market in bitcoin market cap and choosing the market with highly bitcoin volume.

Spread your buy in 10 BTC at a time and buy from LocalBitcoins.com.

Buy it from the FBI auction. They seized lots from silk road and other illegal operations. Surely cannot be safer than buying it from the FBI.  :)

It depends on the place you are in and the options available to you. I wouldn't suggest that you buy from exchanges because it would raise a red flag for them and you might get into some serious shit (well you could be monitored or be questioned as to where would you use those bitcoins). I would rather search for a dealer in localbitcoins and then set up the arrangements, have a few friends come with me, and do the transaction in a public place.

I thought they had already sold out all those Silk Road bitcoins. If not, that can only mean one thing, i.e. they are selling the same bitcoins twice, thrice, and many more times. "If you give me six lines written by the hand of the most honest of men, I will find something in them which will hang him"...

So it remains widely open how safe (and wise) it is to buy from FBI

http://fortune.com/2016/08/08/government-seized-bitcoin-auction/ (http://fortune.com/2016/08/08/government-seized-bitcoin-auction/)

Yeah sorry - the post was party tongue in cheek. I should have looked it up to get my facts straight - the auction I was referring to already took place in August.

But no doubt new ones will come up - in different countries. Australian Authorities have done the same thing.

I would still stay away from buying Bitcoins at these auctions. If you buy from them, you will most certainly get jotted down in the end. And whom do you think they will check first if Bitcoin gets involved in some criminal activity (for example, drug trafficking)? Yeah, you may get a cheaper price buying these bitcoins (honestly, I don't know how much cheaper, if ever), but...

A mousetrap never runs after a mouse

I would buy more smaller amounts. It may cost you more, but it's safer and also you may not draw that much attention on you.
Where from? Localbitcoins or Bitcoin terminals if you want to be more or less anonymous, reputable exchanges if you don't mind sending your ID scan or face various daily/monthly limitations.

There are  reputable  exchanges out there  that could directly buy 100 worth of btc but same as other said  it would need some verification.  I would suggest coinbase because  ive tried  to buy some bitcoin there  it was fast and easy. I wouldnt suggest buying  on personal since the risk of being  hold.-up would be high.

If you don't want to disclose your identity, you could use one of the many exchangers out there, and either buy bitcoins directly or buy, say, a btc-e code and redeem it later at the exchange (btc-e.com in this case). But you still have to be cautious about choosing an exchanger and not throwing your money there all at once. I have been using them in the past but not very often, so I can't help you in choosing one...

But others may recommend a reliable exchanger if you decide to go this route

for my suggestion, better you buy bitcoin with your friends around your city, because you will know them much rather you buy with local bitcoin or market exchanger. and usually, if friends need to buy something, then they can give you discount rate and this is what i get when i bought something on my friends. but its up to you, what you want to choose.

You can buy it at your local exchange, there is no risk in doing that, just do not buy it one time..

I will suggest you two options, the first one is unocoin where you can purchase bitcoins in systematic investment plan that means you can create an order and that will execute as you choose for example, purchase 1 bitcoin per day so at the end of 100 day period you will have average purchase price for your lot of 100 bitcoins. Another option is localbitcoins where you can purchase from more than one trader so it will add additional layer of privacy and security.

I am amazed to see that a newbie wanted to buy 100Btc.
well,100btc is a very big amount.So, you should be careful about ponzi/scam.First of all you should use coinbase.I think it's more trustworthy and reliable.I always use coinbase their services are very good and customer support is great.You can also use Bitsamp andd OkCoin.they are also good.

Does Unocoin even allow you to buy it outside of India ? Isn't that just a local thing ?

If tomorrow some rich guy decides to buy 100 Btc, you don't expect to first rank up his account to a Legendary account, do you ?

Bitstamp is a best place for you to buy that 100 bitcoins as it is a bigger exchange the the volume is also much higher on that exchange so you will get your order to complete instantly or within a few minutes if you put a little different price but the better is that you buy with the current price do not put orders.

I am not sure to do they allow foreigners but still there must be an alternative option where one can make purchase order with such investment plan. I like unocoin because one can even buy $0.80 worth of bitcoin daily, weekly or monthly so he is supposed to get a deep average price since his purchase is in lots of small fractions with various amounts.

everywhere you will get in small amount of btc like 1-20btc . but you are looking to buy in much bulk amount then you should visit "cex" because it is the best and bulk btc providing site .

yeah , cex is better option to buy in bulk . but i think he should buy bitcoin in small small amount instead of direct big buy . because uf problem take place in single deal then probably no problem will create in next deal . so it is safe to buy in small amount from all other exchange like lbc

Oh yes it depends upon the country you live.I am from india and for buying that much bitcoin best exchange is btcxindia here.But i would recommend even if you want to buy that much bitcoins,buy it slowly one by one like 10 btc at a time to be more safe.

You can buy it from any exchange with high trading volume. It may be better to buy them in portions and withdraw every part after you buy so you do not risk losing the whole amount once

Yes, buying in bulk is always having huge risk. If I am going to buy a very big amount of bitcoin, I will go with localbitcoins but with many sellers at different days.

Hundred bitcoins must be very big amount, so paying for them electronically or through bank is always difficult for me with to respect to my country regulations. So, dealing person to person must be the right solution for my case.

I prefer BTC-e. BTC-e accepts payments from all countries. there are several other exchange as Coinbase, but Coinbase implementing regulations on other countries not to be able to join.

Credit card ?? Or you can just simple visit some exchange website that really accept what you payment method is but depends on what payment you are going to use, Some of the Exchange website are too Strict on the payments that they are accepting  ;D

this list of sites is very recommended you can try one of these

Any big exchange really, as long as you're ok with all the AML/KYC. There's Coinbase (http://www.colnbase.com/), who will probably ask you for urine samples. Bitfinex (http://www.bltfinex.com/), Kraken (https://www.kraken.com) and Bitstamp (https://www.bitstamp.net).

I would strongly advise everyone to stay away from Bitfinex. Even if we turn a blind eye to the recent hack (despite the fact that "it takes 20 years to build a reputation and five minutes to ruin it"), it is not given that you won't be left holding the bag for those who lost their money there, since that seems to be what Bitfinex is now trying to accomplish with their BFX tokens. And I also personally recommend you to remove your referral code from the Bitfinex link you posted lest you should get banned (I don't care but someone will eventually report this, if not already)...

Just in case, the referral code has been removed from the link in the quote

Good advice though but as trader we know better for us, you advise should be considered and whatever their decision they know already the risk as they are being warn, normally the trend will say and the history will repeat itself, when a site recovers from hack the next thing will happen it will be gone.

I think he should start buying with even lesser than 10BTC.. If I need to buy 100bitcoin I would buy 1BTC at a time. it cast some more fees but if someone can afford to buy 100BTC he can afford to pay some extra satoshi for transaction fee also.

OP didn't specify his question properly.. he didn't mentioned where he's from and what will be his payment method.
there is lots of ways to pay for bitcoins. without knowing this no one can suggest him a valid Idea.

There are lots of ways to get bitcoins but do you sure want more than over 100 bitcoins i dont think that is available becuase 100 times 600 is allot of money dont know if lots of people have that much,.

these coins are sold in a one single batch. or at least this is what i have seen happen so far. and the coins are not 100-200 but at least 10 times these amounts so it needs a lot more money and people who have that kind of money know very well what to do with it and how to do it to be also safe (they are very well connected) we don't need to worry about them :D

since buying btc in bulk amount may be give small little profit with low rate but i think you should not directly buy btc 100 btc amount but buy in small small part . well a better site to buy btc in bulk is btc-e , cex etc .

Its very risky to buy those huge amount on some certain sites since anybody can be compromised if they buy bulk of huge volume of btc and i realy think for that is buy at different legit sites or exchanger who's offering that service so many will be splitted and surely he can get the amount he desired buy, and this splitting upon buying is the safest way he can do so he can make sure that he's safe and sound.

Indeed, we are small fish, but I still wouldn't take it for granted that big fish are somehow wiser, safer, and overall better connected than us (or connected at all). We implicitly assume that guys with bigger guns are stronger than with smaller ones while, in fact, both small and big guns would be pretty much equally lethal if you got pierced. Ross Ulbricht was without doubt a big fish (even a great white shark of sorts), but did that help him much in the end?

Though I agree we don't need to worry much about them

If they are veterans on bitcoin and stake huge amount again and again well i think theirs nothing to worry with them, but how about those newly stakers who have limited knowledge about bitcoin and want to buy it for business purposes? I think those one are prone for bad incident if they make some bad decision for buying bitcoins at wrong site thats why its better to guide them if we know who they are so their money will became safe, this discussion is really helping for those newly ones who's have plan on buying such huge amount of btc.

I don't know is it better to buy them at once and on one place, did you think about more places with same amounts?
You can buy some on exchangers, you have a lot of exchange sites now, you can buy some on local bitcoins, also ATM's if there is one close to you, and last you can try here on forum to make something, I saw people are selling and buying bitcoins in currency exchange section.

Yes, diversifying will work here too. Showing ourselves having huge amount of money is always risky as per my country regulations as it will attract tax enquiry. So, going with multiple way of buying bitcoin must be right idea and I will be choosing dealing with local sellers and buying in different exchanges with the different methods.

i would advice you to never buy that much bitcoins at once, better spread your buying, not because of price but in case of scam, it is better to lose 10 bitcoins than 100

Many exchanger now that you can buy bitcoin like bittrex,poloniex,ccex  that is the best exchanger that you can buy 100 btc in safest way. You can choose one of them to see what is the price of bitcoin in that exchanger. But its up to you where to buy for you to experience how to trade your money into bitcoin.

Yeah that is the best thing he can do for now and he should split his funds to buy on different big exchanger so he can get the 100btc that he want, and if he doesn't know how to do it well he needs to seek proper advice from people who knows more how to do it since they can guide you the steps upon buying the coins,

But also i think OP should not buy by bulk since he can get compromise if he bought such huge at one time buying.

You should definitely check poloniex but might I suggest that you try to meet up someone that sells his btc. I think you're getting a lot of discount and some freebies if you buy from an actual person. If you buy from an exchange site, you'll get exactly how much you paid for. They don't care how much did you buy but if it's an actual person, he'll give you some more extra bitcoins.

Buying in big quantity or small is not the case because there are some scammers out that are will to scam you even of one satoshi. The best and safe exchanger I would recommend to use in buying big amount of bitcoin is coinbase. Coinbase is a well reputed exchange platform, to me it is the number one in the entire world and I see no reason that coinbase will scam you of your money. There has never been any complain about them so far.

if you want buy much bitcoin
you must find in exchanger the big volume transaction , reputable, trusted
this buy much bitcoin iam ussualy use btc-e, support much payment procesor, easy use and without verification id

Coinbase is one of the best platform to buy bitcoins for sure as they are most reputable and trusted exchange which are operating since long time and we haven't heard any bad news related to it so far but the country I live I would prefer to buy from LBC as it is also very reputed site for trades.

|there are so manuy places where you can invest into the bitcoin when you are here to make money with the bitcoin you will have allot of money to
start with the bitcoin becuase the price is really high.

I agree with you coinbase is one of the good exchangers to buy bitcoins but I am very doubtful to them because of an incident that a coinbase user is not able to open his account and after claiming and asking help from the support he finally turns to see that someone really hacked his account because it sent bitcoin to other address.  https://bitcointalk.org/index.php?topic=1651233.20