Where to buy bitcoin

[TheMythicalGames]

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!

[mk4]

The answer is going to depend on what country you're in — because most of the time, your local exchange is the way to go.

On the other hand, you can try out Binance P2P(requires AML/KYC), or other P2P platforms like LocalCryptos and HodlHodl(doesn't require AML/KYC). Fees will vary though; and make sure you're trading with reputable people when doing P2P.

[Apocollapse]

When you're looking for a website that doesn't lock your account, this mean you're talking about centralized exchanges it is? because there's no way decentralized exchanges will lock your funds. If you're don't like KYC, then you must not use any centralized exchanges because they have mandatory KYC including Kucoin.

Bisq aka completely 100% decentralized exchanges wouldn't lock your funds, but the trading fees are around 1%.

[Coin_trader]

P2P exchange or your local bitcoin trader that can deal with you personally is the best option to buy Bitcoin in bulk without any fees or risk of account being freeze because all Centralized exchange available in crypto are prone to account freeze especially if you have huge balance that keeps coming in and out on exchange because this can be categorized as money laundering if you do this often times.

It’s really a pain too in case you encounter a problem on CEX with huge amount of money because you can’t do anything than wait to there decision compared when you buy directly to person locally. Localbitcoin is the best site to find seller of crypto in your country. This is what I’m using before Binance launch its P2P feature.

[hd49728]

Binnance or FTX exchange but because you spend big capital, after buying Bitcoin, you should withdraw it to your non custodial wallet. Don't store your coins on exchanges.

Electrum wallet: https://electrum.org/#home. This is a SPV wallet and does not require big storage space.

If you want to have full node, use Bitcoin Core: https://bitcoincore.org/

Lastly please read Security checklist https://cryptosec.info/checklist/

[Lucius]

@hd49728, The OP mentioned Ledger, so I assume that he already owns it or is planning to buy it, which is a completely logical step if he wants to invest $50k, which is too serious an amount for a hot wallet. Of course, Electrum can be used as cold storage, but that again requires a little more knowledge and another device.

If the OP has no problems with KYC and his funds are legal, of course he can use one of the well-known CEX, where he will certainly not encounter a problem with liquidity - I assume that this would not be the case with one of the DEXs, although I do not use them, so maybe I am wrong.

[Dunamisx]

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!

The best option is for you to go decentralized to buy your bitcoin using a decentralized exchange, you can try using hodlhodl or bisq for such, this will help you have privacy and ultimate security with your coins, but some users also make use of centralized exchanges only to acquire the purchase of bitcoin and immediately move their asset to a decentralized wallet like the ones I've mentioned above, and your bitcoin can be accessed ay anytime with them without an envisage embargo of any kind.

[Rruchi man]

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.

Be careful about any private messages you get after this, either claiming to be vendors or referring you to a website you can buy or someone else. It is a scam. Follow strictly wherever you are referred to here on the thread by trusted high ranking forum members and not in you inbox. 50k is not an amount you want to loose.

[Wakate]

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.

Be careful about any private messages you get after this, either claiming to be vendors or referring you to a website you can buy or someone else. It is a scam. Follow strictly wherever you are referred to here on the thread by trusted high ranking forum members and not in you inbox. 50k is not an amount you want to loose.

You are very correct because scammers are everywhere looking for people to scam and I think this information could help everyone and prevent them from the attack and various ways scammers are using to theft newbies funds.
Buying large amount of Bitcoin can be done on centralized exchanges like Binance another others. What is mostly needed is to undergo KYC which has different levels of the numbers of trades individual traders or investors can do with strict limit. Another way to buy Bitcoin is to do that through peer to peer means like buying from people that want to sell directly.

[Wiwo]

With a 50k initial capital to buy Bitcoin, you are advised to start by purchasing a cold wallet that gives you total control of your wallet and funds. Am sure with an amount such as this you will want to lock it somewhere for long-term sake so am suggesting strictly you get your cold wallet before buying your first Bitcoin.

[Raja Singa]

Blockchain,com has low fees for Bitcoin transactions. This exchange is also a trusted exchange so we don't have to worry about the amount of our Bitcoin balance on the exchange. I think many exchanges are trusted and can store large amounts of Bitcoin. $50k is a huge amount for us, but it's a tiny fraction of the balance of other investors on the exchange.

[KingsDen]

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.

Be careful about any private messages you get after this, either claiming to be vendors or referring you to a website you can buy or someone else. It is a scam. Follow strictly wherever you are referred to here on the thread by trusted high ranking forum members and not in you inbox. 50k is not an amount you want to loose.

Very correct. I believe the OP must have received some pm now suggesting to him where to buy bitcoin. It will be fine if the OP only follows information that is giving him here and not fall prey to any scammer. No change will Pm you first OP.

Another aspect is that, for OP to want to invest upto $50k in bitcoin, he should have known things about Bitcoin and incase you don't know or have forgotten. There is no law that compels you to buy the $50 at once. You can buy $10k five  times from different sources, or a source but one at a time.

[DeathAngel]

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.

[TheMythicalGames]

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!

[Adbitco]

Before you proceed you should ask about the exchange that supports your country., I believe Binance and Coinbase is a global exchange that supports many country, you can buy Bitcoin directly from Binance with your Mastercard depending on your country or possible through their p2p service. Before engaging yourself with the p2p service be advised to know how its operates before losing your funds over there.

[DoublerHunter]

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.

Be careful about any private messages you get after this, either claiming to be vendors or referring you to a website you can buy or someone else. It is a scam. Follow strictly wherever you are referred to here on the thread by trusted high ranking forum members and not in you inbox. 50k is not an amount you want to loose.

^ It should always be in a legitimate exchange and in a decentralized exchange.
BISQ and HODL HODL are the best P2P exchange if you want to buy crypto for privacy purposes, it is a direct transaction between seller and buyer that has the same purpose of anonymity. That is right, 50k is a huge amount but I suggest purchasing on that exchange little by little so that it will easily move your orders. It is now possible if there is an exchange that there is no fee, that is how they generate profit through their fee, it is better if you care about your privacy. 

[Marvell1]

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.

You missed Binance, the leading exchange and supported in many countries. In this case, I would buy bitcoin on binance and then transfer it all to my non-custodial wallet.

50k $ is not a small amount so OP should buy yourself a hardware wallet as the safest solution. Limit the use of online wallets, if any, it's best to split those bitcoins into 2 to 3 different wallets. Absolutely should not leave that large amount of bitcoin on centralized exchanges, after buying should immediately transfer to your personal wallet, avoiding unnecessary troubles with centralized exchanges.

[dkbit98]

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.

If you don't want to pass any kyc verification than I would first suggest checking out Bisq decentralized exchange, that is if you want to be sure that your money can't be locked.
You can also do direct p2p trading with people in your local area to avoid any digital traces of transaction using cash.
All other centralized exchanges can lock your account for any reason and they will probably ask for kyc, and there is no such thing as single best exchange.
Ones that have highest volume are usually better:
https://www.coingecko.com/en/exchanges

[BIT-BENDER]

You can buy it on exchange this is a very popular option but in buying Bitcoin especially in bulk from exchanges they give away your identity and some kyc verification is needed, so there are some problems buying Bitcoin in large amounts of you are from a country that has an active ban on crypto-currency.

Another option that countries with ban it restrictions is peer to peer but this method needs even more security sensitivity, I won't advice you buy in bulk using this method but with a good escrow that is very trusted the transactions can go on fine, well I am more concerned about a successful transaction than a cheap transaction rate and I think you too should.

[nakamura12]

There are different exchanges where you can buy bitcoin and it also depends on what country you are in as some are created for local only and some are available international. You can also buy P2P and in my case, my country have created a wallet where I can store different crypto and also have a feature to buy and sell crypto with easy steps.