Best way to buy a lot of bitcoins?

[darewaller]

You can try the exchange available in my signature.They are most reputable and many people including myself frequently buy sell bitcoin there

But it is showing as “Buy and sell Bitcoin is India”.
Will the OP be able to buy in their own country? I mean that exchange is only for india or other countries are also allowed to buy and sell their coins?

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[TommyBitcoin]

You can try the exchange available in my signature.They are most reputable and many people including myself frequently buy sell bitcoin there

But it is showing as “Buy and sell Bitcoin is India”.
Will the OP be able to buy in their own country? I mean that exchange is only for india or other countries are also allowed to buy and sell their coins?

Good point!

As others have mentioned, use reputable exchanges, and make sure they can take trades from your country.

For example, I use itbit, but I am in the U.S.  I don't know if I would use it otherwise.

Also, bitstamp was just in the news for being the first nationally licensed bitcoin exchange.

Lastly, as other people have mentioned, you can often rely on localbitcoins.

The fee structures depend on the situation.  For example, you are going to be likely paying some bank transfer fee for the bigger exchanges.  For localbitcoins, the cost per btc might be higher, but the fees can be lower.

  There are so many new exchanges popping up.  Whatever exchange or platform you use, don't be the pioneer.  Let others test drive them and read up in the  forums or reddit before you make your decision.

[BlackMarketKarma]

Lots of sound advice in the aforementioned replies, an equal or more amount of silly, inexperienced advice though too..here's my personal opinion on the best (economically as well as logically) way to procure the amount of BTCTC you're talking about. First localbitcoins.com is a great source for buying coin up until you're spending more than $9500 or so..spending more than this it becomes much more economically viable to deal with an exchange or reputable company that caters towards OTC purchases - generally reserving their services for these very situations - those interested in spending $50k-100k and up. Using localbitcoins, particularly in person, regardless of where you meet for anything above $6-9k is just not smart. That's too much money to meet someone you haven't transacted with prior, regardless of their feedback percentage and/or how public the place you're meeting is..using this method for a couple grand worth of coin is absolutely fine though, I've done it many many times buying and selling.

One advantage of using an OTC service if you're going to be spending a decent amount of money you definitely do not want to be dealing with incrementally different rates while trying to procure as much coin as you can (attempting to make such a large purchase via localbitcoins.com you would almost certainly be dealing with this, very unlikely that one vendor/merchant is going to be able to satisfy a buy order that large and they're all going to have different rates), a traditional bid/ask order-book formatted exchange (maker/taker market) would also work but you're almost certainly going to be dealing with some slippage while filling you're order.

TL;DR - Look into OTC options for the amount you're interesting in purchasing... https://itBit.com, the U.S. based exchange has a very good OTC offering for those clients who are trying to spend $100k+.. another option is https://genesistrading.com formerly secondmarket..they cater toward providing accredited investors a hassle-free way of obtaining large blocks of digital currency without the potential aforementioned uncertainty/inconsistency etc..that should, hopefully, help provide some guidance in right direction from someone who's done what you're interested in - the wrong way and, eventually, better way.

[bitlancr]

You could go onto localbitcoins. But most people who actually trade at good prices all require ID, if you're the kind of guy who'd rather not give away their ID.

I also think this is one of the best thing you can do and that is using localbitcoins because its easy and mostly also trustable, you can look at the reviews.
The most providers also have a nice amount of bitcoins in stock with low buy fees.

[Supercrypt]

I buy bitcoin BTC-e. is priced at BTC-e is more expensive than others. but in security and trust BTC-e is very reliable. I recommend this. I have bought many bitcoin and I feel it is very profitable.

Yes, BTC-e is really reliable to buy some bitcoin at there, you should have to buy at there, and if you are newbie to BTC-e then do not try with a big amount, but first try with some small amount and after that when you learn there buy big.

[davinchi]

Definitely use local bitcoin and meet in person

Just meet in a public place like a local coffee shop like starbucks thats
safe and bring someone with you for safety

Yes, that is a good suggestion for buying bitcoin with a big amount but I will say that it is time consuming procedure as a lot of other gateways are also available on internet where he can buy big amount of bitcoin while at home with safety.

[tn211]

You could go onto localbitcoins. But most people who actually trade at good prices all require ID, if you're the kind of guy who'd rather not give away their ID.

I also think this is one of the best thing you can do and that is using localbitcoins because its easy and mostly also trustable, you can look at the reviews.
The most providers also have a nice amount of bitcoins in stock with low buy fees.

Meeting people in person by localbitcoins is indeed the best option because its secure and you can really see the person and you can almost not get scammed because of this.
The most also have a large stock of bitcoins on localbitcoins so that is also pretty nice.

[Bitcoinbee]

I have btc but never had to buy bitcoins.  I get bitcoins because i play poker at certain sites that allow you to cashout in bitcoin.  Thus if i deposit another method, they allow me to withdraw bitcoin.


But if i wanted to buy a lot of bitcoin... say at least 20 bitcoin... what would be the best method?  Coinbase and circle the limits are very small right where you have to wait at least 1 month?  Even if so, you could only buy 3k max worth of bitcoin?  I also wouldn't want to pay a premium for bitcoin and want to buy bitcoin at the current price. 



What about those that want $10000+ worth of bitcoin and more and don't want to pay premium fees?
[/quote

know your local bitcoin trader better if its a trading company legally authorized to offer transactions such as buying and selling bitcoins if you need it right away. but if you want to have btc the cheapest way, then you have to buy it to sources you may definitely know. you have to build trust to traders who trade btc's to you. 

[kahir]

localbitcoins all the way if u planning to get in with fiat at first.

[Slark]

I have btc but never had to buy bitcoins.  I get bitcoins because i play poker at certain sites that allow you to cashout in bitcoin.  Thus if i deposit another method, they allow me to withdraw bitcoin.


But if i wanted to buy a lot of bitcoin... say at least 20 bitcoin... what would be the best method?  Coinbase and circle the limits are very small right where you have to wait at least 1 month?  Even if so, you could only buy 3k max worth of bitcoin?  I also wouldn't want to pay a premium for bitcoin and want to buy bitcoin at the current price. 



What about those that want $10000+ worth of bitcoin and more and don't want to pay premium fees?

Couple questions, answer these in your mind:
1. Where do you live, what is your primary currency dollars, euro, other? Every country has different bitcoin exchanges and selling platforms.
2. Do you care about using regulated exchange, registering with your ID etc?
3. Are you afraid to trade with people p2p?
4. Do you mind using your credit/debit card for buying bitcoins?
5. Do you want to buy large sum of BTC in one go or can you wait and split your transactions? 

[ArafaA]

localbitcoins is the best place to buy bitcoin but you have to buy in cash if you are going to buy large a mount

[Bitcoinbro]

You could go onto localbitcoins. But most people who actually trade at good prices all require ID, if you're the kind of guy who'd rather not give away their ID.

I also think this is one of the best thing you can do and that is using localbitcoins because its easy and mostly also trustable, you can look at the reviews.
The most providers also have a nice amount of bitcoins in stock with low buy fees.

Localbitcoins has a lot of advantages indeed compared with other methods, no doubt about that for sure.
You can meet in real and that makes it so safe..

[phreaky]

The best thing you can use is indeed buying it with localbitcoins because its the safest way to do that, you cannot almost not get scammed.

[moviebuff777]

If you don't mind giving out a lot of information and using a bank account, you can use coinbase. I've used them and it is pretty easy.

[mrhelpful]

The best thing you can use is indeed buying it with localbitcoins because its the safest way to do that, you cannot almost not get scammed.

This is sort of half true.

Yes, the odds are likely lower but that doesnt mean you wont get scammed. There are people out there using fake money when doing a in person transaction esp if it works once, they will continue.

Safety measures outside from escrow- you should have some self education on how spot counterfeit money as well w. bringing a pen test, or something similar.

[Bitcoinbee]

I have btc but never had to buy bitcoins.  I get bitcoins because i play poker at certain sites that allow you to cashout in bitcoin.  Thus if i deposit another method, they allow me to withdraw bitcoin.


But if i wanted to buy a lot of bitcoin... say at least 20 bitcoin... what would be the best method?  Coinbase and circle the limits are very small right where you have to wait at least 1 month?  Even if so, you could only buy 3k max worth of bitcoin?  I also wouldn't want to pay a premium for bitcoin and want to buy bitcoin at the current price. 

there are individual traders or companies that has a good reputation in trading bitcoins.  try to find one in your locality or region and have a meet up transaction in doing the trade if its a bulk.  you can also trade in an institution where cash transactions are processed like banks. if it takes time to complete a bulk transaction try breaking it down and according to how many recipients will there be.   


What about those that want $10000+ worth of bitcoin and more and don't want to pay premium fees?

[AsaroUk]

Before you are making an investment you have to know that it will be risky because the value can also reduce and that would be bad for you if that happens to you.
And you need to be almost for sure that you can earn profit with it otherwise it will be sin for you.

[sishendaoye]

Using localbitcoins is indeed the best option, a lot of people are already telling you to do it on that way and they are right because its safe, you can almost not get scammed and you can trust the person 99%.

[HarryKPeters]

The best way is indeed localbitcoins because its very safe and can be done fast and in person(real life).
It would even be difficult to get scammed in real if you ask me and that is why its so safe and good to do it with localbitcoins..

[AlBTross]

You can buy from individuals on this forum.  Be sure to use someone that has a positive trust score and is a more veteran member of the forum.