The Transaction: The clients goal was to bulk buy bitcoin and establish a relationship with a registered and regulated entity. The initial purchase was of 170 BTC with a timescale of no more than two weeks and with a view to ongoing purchases in the future. The client was fully aware that large purchases of bitcoin can not be completed via global exchanges due to daily purchasing limits and the difficulty in the transferring of large amounts of funds to exchanges.
Location: London - Italy
Budget: £2,000,000
Project Start: July 20, 2020
Project Completed: July 31, 2020
There are two major problems when buying bitcoin in bulk. The first is having access to a reliable, trusted, and regulated entity that can provide access to large volumes of bitcoin with no daily limits on trading. The second problem is the entity must have established and adequate banking arrangements in place allowing for the transfer of funds.
A reserve of bitcoin and access to an open order book are key to executing large bitcoin orders. The regulated entity can either sell their bitcoin at the agreed price whilst instantly restocking their bitcoin reserve, or they can sell via an open order book, or a mixture of the both. Liquidity and access to an open order book are vital.
It’s also vitally important to have the appropriate banking arrangements in place allowing for the client to transfer the funds being used to purchase the large bitcoin order.
The bulk buy bitcoin transaction was executed without any problems. The client purchased 170 BTC at the price agreed price prior to trade, and the bitcoin was delivered to the client in line with the agreed time frame, which was two weeks. Success all round.
I was struggling to find a reputable resource for bulk buy bitcoin purchases. There's so many scammers and fakes in the market place who can't deliver in large volume.
Our website uses cookies to make your browsing experience better. By using our site you agree to our use of cookies.
"*" indicates required fields
Submit the onboarding application below prior to submitting your KYC details, and await onboarding approval and acceptance.
"*" indicates required fields
Simply add your first name and email address below, and we'll add you to our GTES email database. We'll update you with GTES news and announcements, whilst also keeping you updated when programs, transactions, and opportunties become available.
If you want to speak to GTES about a specific transaction, you can use the request a call feature.
"*" indicates required fields