Sell large amounts of bitcoins


sell large amounts of bitcoins

closer to reddit. This price decline, like many in the past, were caused by a Bitcoin Whale, a large holder of bitcoins, but for reasons that are still unclear. With exchanges, like Coinbase, you will have to wait days to a whole week to receive your fiat money, but with OTC, you get the money right away. In the future, this may be a better option. It is extremely risky to trade such large amounts of money with strangers and that is why it best to be as knowledgeable as possible of the person you are exchanging with before you make the sale. These types of people or institutions are usually the kind of people that are in the market to buy and sell huge amounts of Bitcoin. When dealing with such large sums, participants want to be safe and secure.

Before I get to that, slippage isnt the only thing. A whole market, hidden from. Say you had a large amount of bitcoin on hand, say 500 to 1000 BTC.

Jonathan Harrison, of, satoshipoint, told Coindesk about a trade he broked, Someone told me that he wanted to sell 12 grand-worth, we had a chat on Skype and entered an agreement, and so that was bitcoin cia the deal done. To prevent paying a fee and to select your own price, see the next option on this list. Charlie Shrem, Bitcoin advocate and entrepreneur, said in a reddit comment, Today the OTC markets are going crazy. For a number of reasons, all relating to law, banks put caps on the amount one can transact in a single day. The amount varies for each country, but in the US it is 5,000 to 10,000. You have much more anonymity, as people will not be able to get your IP off IRC, if you dont use a browser based client, and it doesnt even require an email. Someone wants to get rid of a large amount of bitcoins and wants to do over an exchange.

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