Hello,
What is the best method to purchase for example $80,000 worth of Bitcoin at one time? Also, because of buying so much, is there anyway to get a discount on market rate? Could someone please explain how this would work and what would be best practice.
Also, what is the safest way to store such bitcoin. It will not be used to transact with and can be kept offline if necessary to keep it safer.
Thank you,
Post your request on
Currency Exchange forum.
Then find trusted escrow, make
GPG signed contract with the seller and complete the deal.
Here is an example contract involving three parties - BUYER, SELLER and ESCROW.
Contract # 201304201934
BUYER buys 640 BTC from SELLER for $80000 USD.
1. BUYER sends 50 BTC to ESCROW GUY's address "123DePoSiTAdDreSsXxXxXxXX123" as secure deposit.
2. SELLER sends 640 BTC to ESCROW GUY's address "234EsCrOwDePoSiTAdDreSs2XxXxXX123". ESCROW GUY keeps them until SELLER receive the wire transfer of $80000 from BUYER.
3. When ESCROW GUY receives bitcoins from SELLER, SELLER sends to BUYER a message with bank account details where to transfer $80000. The message must be signed with SELLER's bitcoin address. If SELLER doesn't know how to sign it, SELLER may send bank requisites to ESCROW GUY and he will sign it himself and then forward to BUYER.
4. BUYER sends wire transfer within 3 business days and provides SELLER with a scanned copy of wire order.
5. After wired money is deposited to SELLER's bank account, SELLER notifies ESCROW GUY, who then sends 50 BTC secure deposit from 123SecUrEDePoSiTAdDreSsXxX123 back to BUYER, and, transfers 640 BTC to BUYER's address.
6. If BUYER is unable to complete wire transfer in 10 days, the deal will be cancelled and SELLER will receive back 640 BTC held on address "234EsCrOwDePoSiTAdDreSs2XxXxXX123". Further, SELLER receives 50 BTC compensation from secure deposit on 123DePoSiTAdDreSsXxXxXxXX123.