Trying to find advice and info about selling BTC

[Doan9269]

Hello, I am trying to figure out a good reputable place or platforms to look for a buyer/buyers for a very large amount of bitcoin.
Basically, I have a holder of Bitcoin wanting to sell. They have roughly 392,000 BTC, and invested very early and held on to it.
Any advice or recommendations would be very much appreciated.

This doesn't seems believing that you have that kind of bitcoin and yet don't know how to sell it, if i may ask this then that how did you acquire such, if you buy through a particular means then why not go through same to sell your bitcoin, there are exchages, there are people trusted who perform an escrow service, incase you don't want to use an exchange, so it's up to you first, that what exactly is it that you want, are you trying to avoid the exchanges or make use of the escrow service providers if you are privacy minded.

[1714880133]

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[1714880133]

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[1714880133]

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[dimonstration]

Hello, I am trying to figure out a good reputable place or platforms to look for a buyer/buyers for a very large amount of bitcoin.
Basically, I have a holder of Bitcoin wanting to sell. They have roughly 392,000 BTC, and invested very early and held on to it.
Any advice or recommendations would be very much appreciated.
If this goes against any rules on here please let me know and I will remove it. Thank you.

Probably your seller is the one of those scammer claiming they are selling Bitcoin in bulk with discount and doing the trade on a casino vip room or something. This kind of scheme become popular in my country before and I’m wondering how this guy with bulk Bitcoin that invest earlier can’t use exchange and cash out slowly. I mean when he will put that huge money after he converted his Bitcoin to fiat while banks has a limited insured amount.

If he is really thinking straight. His money is much safer in Bitcoin and just slowly convert to fiat whatever amount he needs instead of selling it in bulk assuming that he just recently recover the fund.

[HONDACD125]

Hello, I am trying to figure out a good reputable place or platforms to look for a buyer/buyers for a very large amount of bitcoin.
Basically, I have a holder of Bitcoin wanting to sell. They have roughly 392,000 BTC, and invested very early and held on to it.
Any advice or recommendations would be very much appreciated.
If this goes against any rules on here please let me know and I will remove it. Thank you.

First of all, I don't think any single person can have a large amount of Bitcoin, and if someone has it, why didn't he sell it when the price of Bitcoin reached $67,000 instead of selling it now? It is not possible for someone to have such a large amount of Bitcoin, and the price of Bitcoin to drop, and then think of selling them. It is also funny that such a large amount holder does not know how to sell Bitcoin in the right place, and he tell others how to find a suitable place.

If he doesn't know about a proper place or platform, then where did he get such a large amount of Bitcoin and where did he transact it?  most importantly, how can someone who doesn't know how to sell Bitcoin store such a large amount of Bitcoin so easily? because the most important thing in crypto currency is to protect your assets. If he's made the buying in the beginning, everything going well so far suggests he understands everything.

[Nrcewker]

Hello, I am trying to figure out a good reputable place or platforms to look for a buyer/buyers for a very large amount of bitcoin.
Basically, I have a holder of Bitcoin wanting to sell. They have roughly 392,000 BTC, and invested very early and held on to it.
Any advice or recommendations would be very much appreciated.
If this goes against any rules on here please let me know and I will remove it. Thank you.

I will suggest to trade and sell safely the coins on Binance. Yes you have to do high level of verification in order to sell those big number of coins. But it will be worth doing it. Binance is the most secured and trusted exchange available on the crypto space. But if you want to hide your identity and want to do trade with peers, then you can try famous P2P exchange, Paxful. Yes, here you need to be extra careful and sell the Bitcoins in small amounts.

[Jegileman]

Hello, I am trying to figure out a good reputable place or platforms to look for a buyer/buyers for a very large amount of bitcoin.
Basically, I have a holder of Bitcoin wanting to sell. They have roughly 392,000 BTC, and invested very early and held on to it.
Any advice or recommendations would be very much appreciated.
If this goes against any rules on here please let me know and I will remove it. Thank you.

392000 BTC is such a huge amount of bitcoin that you can claim you own without anyone not believing in you. But what is more strange is the fact that you’re asking how to buy/sell bitcoin when you have large amounts of it in your holdings. What have you been doing since you got those bitcoins, you never learned about all this all this years. For a newbie who just bought bitcoin, this question will be easy for them to answer since they must have bought through a platform or a vendor (which is highly risky). Your claim sounds too good be true but I can’t dispute that without proper evidence.

[Johnyz]

Hello, I am trying to figure out a good reputable place or platforms to look for a buyer/buyers for a very large amount of bitcoin.
Basically, I have a holder of Bitcoin wanting to sell. They have roughly 392,000 BTC, and invested very early and held on to it.
Any advice or recommendations would be very much appreciated.
If this goes against any rules on here please let me know and I will remove it. Thank you.

That’s a lot of money and could crash the market if ever, but if this is a serious question then I think big institutions or P2P is the best option here and you should look for the legit one to avoid any inconvenience. Don’t use any exchanges if you’ll not sell it on a small portion because you can be flagged and you might not access it anymore, look for the best option in your area.

[TelolettOm]

@Terrific My boss had a business friend approach the company looking for assistance (he's a broker who knows the holder). my boss said he would try and help, so he verified everything himself. We are a business acquisition company normally but i don't know anyone who would say no to a commission of that size, so we are trying to help find a buyer/buyers. but none of the others are familiar with crypto and ive dabbled in it a little with Ethereum, and i would like a cut of the commission as well.

I almost couldn't believe it and thought if this was just a fabrication when I read your initial thread, and when there was this explanation, I just thought, this could be true. So, good luck and hopefully you can really find a platform that is suitable and can be used for that amount of BTC in your country. BTW, because you are posting in this forum thread, make sure you are careful about various offers from certain accounts or parties on behalf of certain platforms or media who want to help you cash out. because if there is something new with something like this, it could become a target for scammers or hackers. So, be more careful and don't trust anyone who contacts you first, offers help to cash out easily, etc. be careful.

i am contacting coinbase to see about trying your method. i was told there would be a significant loss during all the transactions it would take to cash it all out, and it would take years with the small amounts your able to cash out daily.

Maybe this is related to transaction fees / trading fees, and also taxes if any. Because the amount is large, the fees and taxes will also be very large. Especially if you want to cash out that much, it will definitely take a long time. Not only from a Coinbase account to a user's bank account. but also from a bank account to cash out, right? It is possible that later they will carry out an audit of the money received in the account. But maybe this is just my opinion and maybe it's different in your country.

[Ben Barubal]

Hello, I am trying to figure out a good reputable place or platforms to look for a buyer/buyers for a very large amount of bitcoin.
Basically, I have a holder of Bitcoin wanting to sell. They have roughly 392,000 BTC, and invested very early and held on to it.
Any advice or recommendations would be very much appreciated.

This doesn't seems believing that you have that kind of bitcoin and yet don't know how to sell it, if i may ask this then that how did you acquire such, if you buy through a particular means then why not go through same to sell your bitcoin, there are exchages, there are people trusted who perform an escrow service, incase you don't want to use an exchange, so it's up to you first, that what exactly is it that you want, are you trying to avoid the exchanges or make use of the escrow service providers if you are privacy minded.

  Honestly, that's what I'm thinking too; he got to buy a lot of bitcoin, and yet he doesn't know how to sell it. It's weird that his question seems silly in my opinion too. It's very simple, and there are many ways to sell Bitcoin.

  Google is there to provide guidelines on how to sell bitcoin. Then it also makes me think that 392 000 bitcoins is a huge amount; that is not a joke amount, and I don't know if this op is telling the truth on this topic he made. It was as unrealistic as it used to be for me, like it was just a made-up story to talk about.

[TimeTeller]

Hello, I am trying to figure out a good reputable place or platforms to look for a buyer/buyers for a very large amount of bitcoin.
Basically, I have a holder of Bitcoin wanting to sell. They have roughly 392,000 BTC, and invested very early and held on to it.
Any advice or recommendations would be very much appreciated.

This doesn't seems believing that you have that kind of bitcoin and yet don't know how to sell it, if i may ask this then that how did you acquire such, if you buy through a particular means then why not go through same to sell your bitcoin, there are exchages, there are people trusted who perform an escrow service, incase you don't want to use an exchange, so it's up to you first, that what exactly is it that you want, are you trying to avoid the exchanges or make use of the escrow service providers if you are privacy minded.

  Honestly, that's what I'm thinking too; he got to buy a lot of bitcoin, and yet he doesn't know how to sell it. It's weird that his question seems silly in my opinion too. It's very simple, and there are many ways to sell Bitcoin.

  Google is there to provide guidelines on how to sell bitcoin. Then it also makes me think that 392 000 bitcoins is a huge amount; that is not a joke amount, and I don't know if this op is telling the truth on this topic he made. It was as unrealistic as it used to be for me, like it was just a made-up story to talk about.

Selling that huge amount will give an alarm to any exchange and they may ask for kyc details and such.
What he can do is use several reputable crypto-exchanges and slowly sell it. He doesn't need to sell it all at once.
Also, be very cautious it selling via p2p platforms which don't require kyc because he will likely be screwed.
If the OP is telling the truth or not, there are so many ways now how to sell your btc. Just look for trusted trading platforms.

[Bushdark]

Hello, I am trying to figure out a good reputable place or platforms to look for a buyer/buyers for a very large amount of bitcoin.
Basically, I have a holder of Bitcoin wanting to sell. They have roughly 392,000 BTC, and invested very early and held on to it.
Any advice or recommendations would be very much appreciated.
If this goes against any rules on here please let me know and I will remove it. Thank you.

You can always sell your Bitcoin on a centralized platform but some of them do require KYC so you will be ready to do it for you to sell or buy any cryptocurrency of your choice. There are crypto exchanges that do ask for simple KYC sonyiu need to be ready to submit your credentials if you are ready to buy or sell cryptocurrency. You can also create a thread here informing people that you buy it sell cryptocurrency but this will need an escrow for this for people to trust you and send there crypto to you.

[Woodie]

Hello, I am trying to figure out a good reputable place or platforms to look for a buyer/buyers for a very large amount of bitcoin.
Basically, I have a holder of Bitcoin wanting to sell. They have roughly 392,000 BTC, and invested very early and held on to it.
Any advice or recommendations would be very much appreciated.

For the kind of money involved, exchanging crypto to fiat would attract alot of attention to your...

If I were you I would consider exchanging the Bitcoin for a stable coin as this is fiat equivalent and if you are using the dollar currency you don't loss or gain on the exchange rate.

Just out of curiosity, the platform you used to buy these Bitcoins don't they happen to buyback coins for fiat

[Lakai01]

If I were you I would consider exchanging the Bitcoin for a stable coin as this is fiat equivalent and if you are using the dollar currency you don't loss or gain on the exchange rate.

Why would the client want that? If it really is a matter of such sums, he would want to get out of the crypto market completely and not switch back to a crypto stablecoin first. An exchange for USDT, for example, would therefore make little sense here in my opinion ... and you should also clarify beforehand whether such quantities of USDT would be available at all. Convert the amount given by the OP into BTC ...

[DVlog]

The amount of BTC OP mentioned is pretty high and I am not sure it is a typo mistake or not but I think OP was trying to say $392,000 worth of BTC.

To sell that much amount on a centralized exchange is the only option right now, and you can not use all the exchanges as the 12B worth of BTC you are talking about. It will be hard for even an exchange like binance to take on that load. I am surprised to see someone with 12B worth of BTC who doesn't know how to sell bitcoin in the open market and I think the owner of that BTC is in a difficult position right now because his law enforcement authority will hunt him down as soon as they learn about these findings.

[hd49728]

The amount of BTC OP mentioned is pretty high and I am not sure it is a typo mistake or not but I think OP was trying to say $392,000 worth of BTC.

I wonder if a rich people does not know about basics because it started with how they got that fortune?

If they got bitcoin years ago, with many years in this market, they already knew how to make it right, buying, selling, KYC issues.

To sell that much amount on a centralized exchange is the only option right now, and you can not use all the exchanges as the 12B worth of BTC you are talking about. It will be hard for even an exchange like binance to take on that load. I am surprised to see someone with 12B worth of BTC who doesn't know how to sell bitcoin in the open market and I think the owner of that BTC is in a difficult position right now because his law enforcement authority will hunt him down as soon as they learn about these findings.

Whales don't sell all bitcoins they have with one single order because it can cause a dump in the market. It can create panic that can cause them loss in value of their selling too. In trading and investment theory, they teach us that there is a Distribution phase for whales, market makers to take profit gradually and distribute their coins, stocks to amateur traders, investors.

They must do distributions gradually, over many months and the crowd even don't know that top already touched so that they will continue buying from whales, market markers with belief that market will go up again, will make a higher top.

[bayu7adi]

LOL... that sounds like a joke, and I think it really is. Is it ethical to announce such massive ownership here at a time when the assets are so huge? 392k BTC is quite a hassle, and it seems risky if more people find out the owner is connected to you. To get a more sensible answer, you shouldn't mention the amount. It's really risky to your privacy. besides, with such a large amount, the exchange market will surely recommend a gradual sale, which can take a long time. It also depends on how the market responds to the movement of a wallet with a large balance. Because the market might immediately react negatively if a big sell-off happens when your client's wallet becomes active.

Selling 1 BTC to upgrade your lifestyle and meet competent people in new social circles is more helpful than asking in this very public space. Some people here have great expertise in that, but many will doubt what you're talking about here.

[Patrol69]

The amount of bitcoins you mentioned is very high but if you want to sell then you can easily sell your bitcoins through P2P exchange.  There are some popular exchanges that support P2P transactions and those exchanges have a high volume of daily transactions so I think P2P transactions through exchanges are more convenient than third party transactions. Be careful when doing P2P transactions and try to sell your bitcoins little by little because if you want to sell at all you may face some problems. Try to complete your transaction gradually if you want to do P2P transactions, even if it takes some time.

[milewilda]

The amount of BTC OP mentioned is pretty high and I am not sure it is a typo mistake or not but I think OP was trying to say $392,000 worth of BTC.

I wonder if a rich people does not know about basics because it started with how they got that fortune?

If they got bitcoin years ago, with many years in this market, they already knew how to make it right, buying, selling, KYC issues.

To sell that much amount on a centralized exchange is the only option right now, and you can not use all the exchanges as the 12B worth of BTC you are talking about. It will be hard for even an exchange like binance to take on that load. I am surprised to see someone with 12B worth of BTC who doesn't know how to sell bitcoin in the open market and I think the owner of that BTC is in a difficult position right now because his law enforcement authority will hunt him down as soon as they learn about these findings.

Whales don't sell all bitcoins they have with one single order because it can cause a dump in the market. It can create panic that can cause them loss in value of their selling too. In trading and investment theory, they teach us that there is a Distribution phase for whales, market makers to take profit gradually and distribute their coins, stocks to amateur traders, investors.

They must do distributions gradually, over many months and the crowd even don't know that top already touched so that they will continue buying from whales, market markers with belief that market will go up again, will make a higher top.

If you are someone lets say who dont have much that knowledge when it comes to financial transactions or documentations then you would really be ending up on having those kind of questions. We do know that
not all people who become rich do came from gradual process but rather there are  some who had made out instant like in lotteries or some pump of shitcoins then it doesnt mean that they are really that
well known on how to make those transactions and thats why they would really be looking like a clown but we cant really totally make out such conclusion considering that not all would really be knowledgeable to that.
On this case then the best thing to be done is that he should really be that hiring some financial advisor or lawyer or whatever that he would really be taught on how  things should be done.

On this case which trying to pull out that tons of BTC then it cant really be done with bulks, even on piece by piece and if you are that someone who doesnt have a business, then any huge transactions that would
really come in into such account would really be raising up some eyebrows and would really be definitely be asking on where those funds came from. Its not really that totally shocking.
As for p2p on making transactions then it would really be that too risky since we are talking huge money on here. We cant really just easily make out such transaction without no care.

[DVlog]

On this case which trying to pull out that tons of BTC then it cant really be done with bulks, even on piece by piece and if you are that someone who doesnt have a business, then any huge transactions that would
really come in into such account would really be raising up some eyebrows and would really be definitely be asking on where those funds came from. Its not really that totally shocking.
As for p2p on making transactions then it would really be that too risky since we are talking huge money on here. We cant really just easily make out such transaction without no care.

A transaction of this size is not possible to complete on a centralized exchange. It would crash the market on that exchange and cause panic throughout the industry. These exchanges are a kind of broker so they contact potential buyers or they themselves buy those assets through an OTC deal. This way there won't be any impact on the market and usually in a transaction like this buyer makes the transaction below the market price so that both parties can benefit.

[Assface16678]

Hello, I am trying to figure out a good reputable place or platforms to look for a buyer/buyers for a very large amount of bitcoin.
Basically, I have a holder of Bitcoin wanting to sell. They have roughly 392,000 BTC, and invested very early and held on to it.
Any advice or recommendations would be very much appreciated.

For the kind of money involved, exchanging crypto to fiat would attract alot of attention to your...

If I were you I would consider exchanging the Bitcoin for a stable coin as this is fiat equivalent and if you are using the dollar currency you don't loss or gain on the exchange rate.

Just out of curiosity, the platform you used to buy these Bitcoins don't they happen to buyback coins for fiat

It clearly sounds like a troll or nonsense question. I don't want to judge or anything; it's just that I don't think that having that many bitcoin holdings means you never once thought to sell some, and if you do, then you must have known some platforms to trust for exchanging your bitcoin for fiat. I don't know; I don't really want to judge; it's just too good to be true, and because your account is a newbie, we can't help but think that this question is nonsense. Anyway, I guess some have already shared their answers to your question. Just to add, if you want a trusted and legitimate one, use Binance. That's it; it's well known and has a lot of users. The thing is, you should be careful when transferring your funds. I still can't believe how much bitcoin you hold. May you be one of the whales? Hahaha joking.

[tjtonmoy]

I would suggest doing P2P transaction for buying or selling Bitcoin and not using a centralized platform. But given the amount, I doubt that anyone will agree to do that face-to-face. Both you and the person who is going to buy it could be in danger. That will always be people liking around the shadow to do harm and take away what you have. So you have no other choice but to use platforms that I will reputable.

You can try and sell little by little or the maximum amount and exchange is offering for you to sell. Never disclose your personal information so openly and never mention how much you own to strangers. And there's also the issue of Bitcoin being legal or not at the place where you are right now. If it's legal then you can easily search for people who are willing to buy and any kind of transaction related to crypto exchange won't rise any suspicions. If it's illegal, then never make a deal that big which could get the eye of the government and get you in trouble.