Where to buy bitcoin

[Stalker22]

OP, I think we have covered all the information you will need to get started with a bitcoin investment. Just remember to invest wisely, and do not panic if the price dips, the long-term trend is always upwards. It is also important that you understand what type of bitcoin trader you want to be; there are lots of different strategies that can be employed. Also, do not neglect to educate yourself about the technology behind cryptocurrency before getting started, it will help you understand how bitcoin works, and it will help you understand how and why it has value. Finally, do not invest more than you can afford to lose, cryptocurrency is an extremely risky investment, so it is important to do your own research before investing.

[The Cryptovator]

You have to use a p2p deal of such big amounts. Just don't risk all at the same time. I have been using Binance to buy and sell Bitcoin locally. It's pretty easy and secure. But KYC is mandatory for p2p on Binance. Just buy step by step and move it into your ledger. Don't buy or hold a large amount in Binance anyway. You may look into the forum as well using escrow service. But hard to avoid KYC if you are using any centralized exchange to buy Bitcoin.

[sheenshane]

Hey guys,
So I know this is common question but where is a good place to buy a large amount of bitcoin with no to little fees. Aswell as a website that doesn't lock your account so sending btc to a ledger wouldn't be a problem after buying btc. Those are the two big things I'm looking for since I'm about to dump around 50k into btc.

Thanks everyone!

Aside from what they suggested a decentralized exchange where to buy Bitcoin that will protect your privacy is a P2P exchange, you can also use this forum Bitcointalk the same as a p2p exchange.  Visit this section, Economy > Marketplace > Currency exchange and make sure to use a legitimate escrow member for every transaction that you have. 

A 50k of what?  It is a dollar?
Sound like it's a big amount and it might be good if you split them twice or more per transaction.  Regarding the fee, that's natural, even blockchain transaction has a fee, there's nothing free today upon moving your fund.

[Issa56]

Their are lot's of exchange which you can buy bitcoin your bitcoin but if you are using a centralized exchange, your funds can be freeze if you go against their rules, and if you want to use reputable exchange like binance and kucoin you will have to complete your kyc before you can access their P2P, before you can even trade on binance you have to submit your kyc, why you can trade on KuCoin without kyc but if you want to access their P2P you have to submit kyc and you will need to use their P2P service to convert your fiat into usdt.

Bisq, RoboSats, LocalCryptos, HodlHodl, LocalMonero, AgoraDesk. More here: https://kycnot.me/

@o_e_l_e_o listed some exchange which you can use their P2P services even without submitting your identity to them but I haven't tried it before and I don't know if they are allowed in your country.

[o_e_l_e_o]

www.coinbase.com
www.kraken.com
www.bitstamp.com
www.bittrex.com
www.ftx.com

All the above are trustworthy & you won’t have any problems. I prefer to go with the tried & trusted, no risky P2P sites.

And yet, every single one of those has the power to lock your account and seize either your fiat or your crypto, which is exactly what OP wants to avoid. Tried and trusted means nothing, and I can find plenty of examples for every single one of those exchanges of people having their accounts locked or restricted. I'm also curious as to why you call P2P sites "risky", considering they are far more secure than centralized exchanges. You can't have your coins seized or your information leaked/hacked if you never hand over control of either of things to begin with.

The only issue with using a good peer to peer exchange such as a Bisq for OP is that he has never used one before and wants to spend $50k. I would suggest OP makes a few small purchases first to familiarize himself with the process, and then he will likely need to spread his total $50k across multiple trades for liquidity reasons, but that's not necessarily a bad thing.

[Lucius]

Thanks to all of you for your advice. I def will becareful don't worry. I'm familiar with bitcoin and everything about it. My investments is large because I beleive in crypto as the future as many of you. Again thank you!

It may seem that way to you, but if you are asking fairly beginner questions, then you still have a lot to learn. It's not my business to ask where your money comes from, but if you don't have proof of legality, forget about any centralized crypto exchange, and the only thing left is what @o_e_l_e_o suggested, decentralized exchange and multiple trades.

The only problem I see in this way of buying is your bank, which can be very curious that you suddenly have a lot of transactions with unusual clients. Of course not all banks are crypto-friendly either.

[aylabadia05]

Hey guys,
So I know this is common question but where is a good place to buy a large amount of bitcoin with no to little fees. Aswell as a website that doesn't lock your account so sending btc to a ledger wouldn't be a problem after buying btc. Those are the two big things I'm looking for since I'm about to dump around 50k into btc.

Thanks everyone!

There are many exchanges that you can use as a place to buy Bitcoin. The best exchanges are those that are officially registered in your home country. There are exchanges that require KYC when you want to trade. On the other hand, some do not require KYC.

For example in my home country, there are several officially registered exchanges. But the choice lies with each of us. Of course, the exchange that will be chosen is an exchange that provides comfort and convenience for us in transacting.