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How To Buy Large Amounts of Bitcoin? The Best Whale Exchanges



how to buy large amounts of bitcoin

Investing in crypto is becoming an increasingly popular topic around the world and here at TurboWallet. Long are the days in which only a few knew what cryptocurrencies were and actively invested in them. Now, Bitcoin and other major cryptocurrencies are a matter of mainstream knowledge.

This knowledge has opened the doors for a whole new industry to emerge around crypto, further legitimizing the technology. Of all coins available out there, no other has been as scrutinized and talked about as Bitcoin.

If you are reading this article, it is most likely you are wondering how to buy large amounts of Bitcoin. In this article, we will tell you all about how to do so, what you should consider when doing it, and more.

What Is A Large Amount of Bitcoin?

Before talking about how to buy large amounts of Bitcoin, we first need to define what a “large amount” is. Unfortunately, this will vary depending on the person or company you are talking to. For example, platforms like Binance consider any purchase over $10k a high volume purchase…While others like Kraken raise the floor to $100k.

For the purpose of this article, we will consider a large amount of Bitcoin any amount exceeding $10 thousand.

While it is possible to buy smaller amounts via some of these services, many would consider it debatable to do so. Most often than not, buying more than $10 thousand worth of Bitcoin using these methods will be cost-effective.

Should You Buy Large Amounts of Bitcoin?

As we constantly say, all forms of investment carry risk. This is no different when it comes to Bitcoin. Depending on who you ask, the risks of investing in Bitcoin might be even higher than stock, real estate, or other commodities… But so are the rewards.

If you are thinking about buying large amounts of Bitcoin, you should already have considered the risks. If you haven’t or don’t have a solid grasp of what Bitcoin/Blockchain is, we recommend you research the topic first. A good starting point is reading our guide, “What is Cryptocurrency? The Ultimate Crypto Learning Resource.

Before buying large amounts of Bitcoins, you also want to ensure your portfolio is balanced. When investing, you never want to put all of your eggs in one basket… It might fall, after all. Ensuring you have other investments like stocks, real estate, gold, or even other cryptocurrencies, will allow you to hedge for any potential losses.

We are a site all about crypto and as such, we feel the need to be very clear in this regard: “Past performance does not guarantee future results”. If you are considering investing a large amount in Bitcoin due to previous performance alone, you should reconsider.

This being said, recent development shows that Bitcoin adoption is on the rise. This trend is not only the result of individual investments but also institutional adoption. As a currency whose values’ depend entirely on trust, this would have a positive impact on Bitcoin’s value.

For this reason, Bitcoin is considered a solid investment in the long term. The high levels of volatility of the crypto market mean its value can vary wildly in short spans of time. If you are thinking about investing large sums of money in Bitcoin in the short term, you might be better investing elsewhere.

Lastly, the most important thing to consider is: Can you afford to lose all the money you are investing? While this is pretty unlikely to happen, you should always consider the worst-case scenario. If you are aware of all these things we have mentioned, keep reading!

How To Buy Large Amounts of Bitcoin

At this point, you should be sure if buying large amounts of Bitcoin is the right strategy for you to invest in. Now it’s time to talk about the buying process.

When it comes to buying large amounts of BItcoin, the favorite option for most investors is using an Over-the-Counter (OTC) service. These will be the services we will be talking about in the rest of this article.

What Is A Crypto OTC

These services allow cryptocurrencies to be traded via private broker-dealer networks, with the dealer being a “desk”. Desks are generally companies dedicated to the purchase and selling of crypto.

Whereas a crypto exchange acts as a mediator by connecting orders, OTC services will sell you the assets directly. Both of you agree on the price, work out the details, and perform the transaction.

The result of this approach is added privacy, less price slippage, higher availability of pairs, more liquidity, no trading limits, and trader verifiability.

Whales in the crypto market use OTC services due to all of these benefits, which is a reflection of the trend in the traditional stock market. This option has become increasingly popular in the United States as more whales join the market.

According to Genesis Global Trading, an OTC service, the company experienced a 50% growth in trading volume during 2020, reaching the $1 billion mark in less than a year.

Other reports suggest that the Crypto OTC industry’s trading volume increased by over 100 and 200%, a testament to their benefits.

What Crypto OTC Service Should You Use?

With crypto OTC platforms becoming increasingly popular by the day, there are now more options than ever. Which platform you choose to use will depend entirely on how much Bitcoin you want to buy, the payment method you want to use, and the value you are getting from your money.

All of the options we will provide next are reputable services you can trust. However, which one you choose to use will depend on your preferences. We recommend you try to get a quote from each of them and talk about your needs before making a decision. Let’s take a look at the list:


Binance is one of the most popular cryptocurrency exchanges in the world. With the success it has seen over the years, it is not a surprise that it has come with its own OTC service.

This service differs from other firms in one key aspect: It doesn’t accept fiat. This means you need to have another cryptocurrency before you can buy large amounts of Bitcoin using it. However, with a minimum trade size of $10k, it is more accessible than other OTC solutions.


Genesis is one of the most recognized crypto OTC firms you will find. It offers two-sided liquidity for Major cryptocurrencies. The firm has facilitated billions of dollars in cryptocurrency transactions since its inception in 2013.

The company is fully regulated, being registered with the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

While Genesis offers a trustworthy all-in-one solution, it has one of the highest floors to trade with them. You either need to have more than 10 million in assets or be interested in trading more than $75k


A well-known Bitcoin exchange for institutional investors since 2013, ItBit is a popular OTC to buy large amounts of Bitcoin. With low fees and quick settlements, itBit offers some of the most competitive pricing in the market.

Operated by Paxos, ItBit has a minimum trade size of $100,000, which makes it more accessible than ItBit for most investors. Just like Genesis, it will provide you with assistance from a professional trader during all the settlement processes.

With flat fees per transaction and no crypto withdrawal fees, ItBit is an OTC service everyone should consider.

Kraken OTC Desk

Kraken is another extremely popular cryptocurrency exchange offering OTC services. Based in San Francisco, the exchange is completely compliant with local regulations, allowing you to trade OTC volumes of over $100k.

With 1-on-1 service and the possibility to have a dedicated account manager, Kraken offers one of the most personalized services. The purchase process is also extremely straightforward: Signup, onboard, talk or chat with a representative, confirm the trade, and settle… Easier than buying a car!

Something great about Kraken OTC Desk is that while there is a minimum order size of $100k, exceptions can be made. If you are considering trading an amount close to that number, make sure to communicate to discuss the option to have an exception!

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