Bitcoin Forum

Economy => Trading Discussion => Topic started by: stex2009 on July 09, 2013, 07:38:58 PM



Title: Bitcoin OTC for large number of BTC
Post by: stex2009 on July 09, 2013, 07:38:58 PM
How many of you here trade on OTC to get large amount of BTC. Say I want 50-500 BTC at a time.

- Will I be able to find many people willing to trade this much?
- Will I get a good price as compared to the exchange?

Experienced users, please reply.


Title: Re: Bitcoin OTC for large number of BTC
Post by: bitexchanger on July 09, 2013, 08:57:12 PM
A few names come to mind off the top of my head. BCB, EpisKing and AnonX


Title: Re: Bitcoin OTC for large number of BTC
Post by: stex2009 on July 09, 2013, 10:37:43 PM
I wouldn't call 500 BTC a large transaction.  You could get that filled in the course of a day on any of the secondary exchanges and not move the marketl
I was checking campbx, it doesnt have volume. coinbase only lets you do 10 BTC a day. I am also looking for a better price, if there's anything like that! I thought OTC would give me that.


Title: Re: Bitcoin OTC for large number of BTC
Post by: CoinBomb on July 09, 2013, 10:46:04 PM
btc-e could fill that right now, for probably 5% less than at gox.


Title: Re: Bitcoin OTC for large number of BTC
Post by: stex2009 on July 10, 2013, 07:54:16 PM
btc-e could fill that right now, for probably 5% less than at gox.
Can one deposit USD in BTC-e? I heard strange news some last few weeks. Don't have an account there.


Title: Re: Bitcoin OTC for large number of BTC
Post by: stex2009 on July 17, 2013, 08:11:06 PM
nobody uses bitcoin OTC here?


Title: Re: Bitcoin OTC for large number of BTC
Post by: zeroblock on July 17, 2013, 08:24:20 PM
localbitcoins?


Title: Re: Bitcoin OTC for large number of BTC
Post by: 01BTC10 on July 17, 2013, 08:26:02 PM
btc-e could fill that right now, for probably 5% less than at gox.
Can one deposit USD in BTC-e? I heard strange news some last few weeks. Don't have an account there.
You can deposit via wire if it's not done from the US.


Title: Re: Bitcoin OTC for large number of BTC
Post by: stex2009 on July 18, 2013, 12:37:12 AM
Quote
You can deposit via wire if it's not done from the US.
So you mean wire USD into btc-e, but from another country? Is that correct?


Title: Re: Bitcoin OTC for large number of BTC
Post by: 01BTC10 on July 18, 2013, 05:09:30 AM
Quote
You can deposit via wire if it's not done from the US.
So you mean wire USD into btc-e, but from another country? Is that correct?
Yes


Title: Re: Bitcoin OTC for large number of BTC
Post by: Kluge on July 18, 2013, 05:17:44 AM
How many of you here trade on OTC to get large amount of BTC. Say I want 50-500 BTC at a time.

- Will I be able to find many people willing to trade this much?
- Will I get a good price as compared to the exchange?

Experienced users, please reply.
You may not find always find an appropriately-trustworthy person on IRC, but they're out there. If you're worried about regulatory risk suddenly shutting down or seizing funds from an exchange or individual, you're probably most worried about an extremely fast turnover, and your best bet there would be something like BitInstant (currently down) or an individual, like you suggested.

In the US, if you have a credit union participating in Shared Branching (and some national banks have similar programs), you can instantly transfer funds to someone else at no charge, thus almost-immediately receiving BTC (or USD if you're the seller of BTC). It's much tougher finding people interested in that (and trustworthy) - but again, they're out there.