Trying to find advice and info about selling BTC

[gunhell16]

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.

392 000 bitcoins are worth around 7 billion dollars, which is even richer than other big companies. Take note that the OP has an acquaintance who is a bitcoin holder and holds such a large amount.

This dude who made up the topic is obviously lying. This is just my guess and observation based on his story made here in this forum. What is the point of this topic? Is it to brag that he knows a bitcoin holder with a large amount or just to tell a story even if it's not true? then, as if someone believed his story.

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[ajiz138]

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.

Moreover, if it is done in one order then USDT liquidity will not be available, after all I don't really believe someone has so much Bitcoin, I don't really understand the initial journey so I don't know how to sell large amounts.
Maybe many people suggest OTC and P2P exchanges, it is also not certain that one order will work if it is true that the OP wants to cash out all of it, let alone send to the exchange in large quantities then it will be suspected of money laundering.
I wonder how the OP responds after many suggestions here?
He's probably just playing around and asking.

[bayu7adi]

There's one more thing ... you seem to need to get your client documents ready for KYC. Even if your client is an early investor, everything needs to be proven, especially with such a substantial amount drawing a lot of attention. Even big platforms like Binance will check into the financial flow (only if you're transacting on Binance).

A lot of folks suggest P2P, and yeah... that's a good option. The BTC/FIAT order book seems like it won't cut it. Instead of risking a price dump that could hurt many, it might be better to use the P2P feature so transactions can go at a more favorable rate.

[Sebas.tian]

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 think, buyers are not far from where you bought the Bitcoin from, if truly you have such amount of Bitcoin to sell ,you can enter the market to sell but don't forget that bearish season is still on in the market and there are some signs show that bullish market will soon take over the market for long term investors and short term investors to make a passive income. I will advice you not to sell all your Bitcoin no matter the situation you are facing right now, but you can sell half of your Bitcoin and reserve the remaining ones on massive pump to display before you can sell. Don't forget that if you sell your Bitcoin at once, it will make your bank to focus on that particular money that enter your account once and it can lead you to prison if you don't have other way to back yourself up that you got the money from the right source.

[Kelward]

There's one more thing ... you seem to need to get your client documents ready for KYC. Even if your client is an early investor, everything needs to be proven, especially with such a substantial amount drawing a lot of attention. Even big platforms like Binance will check into the financial flow (only if you're transacting on Binance).

A lot of folks suggest P2P, and yeah... that's a good option. The BTC/FIAT order book seems like it won't cut it. Instead of risking a price dump that could hurt many, it might be better to use the P2P feature so transactions can go at a more favorable rate.

I've been following the discussion on this topic and  I'm really curious to see how members react to the OPs question. For me it sounds unrealistic that someone will come to an anonymous forum to ask where or which group to sell a large quantity of crypto. What if someone here directs OP to join a WhatsApp or telegram forum that buyers and sellers meet, will he heed the advice? I'm guessing the answer is no. But who I'm i to judge him, so I'll go with your advice that he should get the client's documents ready for KYC, when dealing with an exchange. This will help to distant him if the client is a scammer, because without this, he can be arrested as his accomplice, if the lead blows.

It's best to use exchanges for crypto transactions, not transacting normal p2p with complete strangers that might scam you or seeking advice of where to sell from who you don't know. So i think  that for a large sum as what OP has mentioned, it should be dealt in an exchange to be on the safer side. Exchange p2p is highly recommend also by me.

[Best-mary]

Let me just check how this sounds:

-I know a guy who has 12 billion in Bitcoins and plans to sell it
-Let me seek advice from complete strangers on a forum without even mentioning what country are we looking for as I doubt the conditions would be the same for Turkey or United States or Japan.
-Since you mention "buyers" do you really think your bank will not raise the mothers of all red flags parade when even a fraction of that sum will hit your personal account coming from strangers and foreign accounts?

Assuming you're not trolling which is pretty hard to consider, or looking to scam somebody with the same meet me in Dubai story, the answer would be pretty simple, the most trustable exchange that serves your country, and for that amount, every single exchange will do an OTC deal. But 392k BTC,

It's clear enough OP don't know what he's saying. When there a good exchanges. Which I could name, Binance been the most popular and Bitget which operates in a good amount of regions even bybit. All supports P2P. He could make use of it

[Huppercase]

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.

Michael Saylor! Is that you hidding behind this account.
I thought you are very close friend of CZ, why not contact him straight up and make arrangement with his market makers to offload everything over the counter(OTC), it will be better that way than sell everything in spot, that's going to crash the price of bitcoin.  You bloody liar.

Next time when you want to lie, make some research about bitcoin so that when you lie, you will lie with dignity and not like demented Billy.  Even Microstrategy Michael Saylor doesn't have that kind of bitcoin all to himself and the total under his management  is about 158,245 BTC and they are not selling any of them soon despite been in profit already.

Let me reply you as genuine person by the way. Please don't sell the bitcoin now, hold it till next halving which is just 5 month max away from happening and when that happened, you should have more bitcoin profit by the time you sell, good luck.

[fullhdpixel]

There's one more thing ... you seem to need to get your client documents ready for KYC. Even if your client is an early investor, everything needs to be proven, especially with such a substantial amount drawing a lot of attention. Even big platforms like Binance will check into the financial flow (only if you're transacting on Binance).

A lot of folks suggest P2P, and yeah... that's a good option. The BTC/FIAT order book seems like it won't cut it. Instead of risking a price dump that could hurt many, it might be better to use the P2P feature so transactions can go at a more favorable rate.

Yeah, we need a KYC for us to not get questioned by the authorities because if we are always dealing with a huge amount, they can think that we are a money launderer. Having a KYC, is also a way for those abusers to get caught out easily. You already said that big platforms are doing the same thing, so don't say that the KYC thingy is only limited to Binance.

P2P is where we started. It preserves the original feature of crypto which is to be decentralized or anonymous if we are only doing it online but there are also risks on it. So we must be careful and follow the guidelines about it for a much safer transaction. In P2P, other currencies can also get involved not only fiat. Fiat or stable coin, has an advantage but they also have a disadvantage. So we should consider it to decide if which currency will fit better for us.