I recently sold some farmland and now I have a decent amount of cash I’d like to invest in crypto But I’m not sure which platform will let me on-ramp around 50k I use Netcoins and Bitrue I usually buy through Netcoins and send to Bitrue but Netcoins only allows a maximum of 30k a year
EDIT: I live in Canada and it feels like our options for on-ramping are limited
I’ve had no issues putting over $50k on both Kraken and Coinbase
If you’re in the USA, Coinbase can handle it
If you’re in Europe, consider Bitstamp or Kraken
In other places, Binance is usually the best choice
If you happen to be in a place with strict regulations, the BISQ network might still help
@Kiernan
So should I go with Binance for Canada
Kraken works in Canada too Shakepay has no limit on wire transfer deposits and Newton allows up to $1 million for wire transfers Wealthsimple Crypto also supports $1 million through linked bank accounts or wire transfers
The BISQ Network info seems to apply to Canada
Shouldn’t be an issue with major platforms like Coinbase, Kraken, or Binance
Just be careful about your decisions Do your research and don’t let emotions guide you It’s easy to get lost in all of this
If you plan on trading memecoins like many others, set a limit for yourself
Be cautious You don’t want to attract scammers How many direct messages have you received so far I bet most of them are from scammers Please be careful Check out crypto scams on r/CryptoScams and r/Scams You should do this before making a move that you might regret
Good luck and hope things go well for you
The hard part isn’t getting money in and using it for crypto Even a kid can do that The tough part comes when you want to take it out That’s when you run into high fees, frozen accounts, and demanding paperwork from exchanges and banks
@Elliot
How do all these big investors move their money though I know people who own hundreds of millions in BTC
Emil said:
@Elliot
How do all these big investors move their money though I know people who own hundreds of millions in BTC
They tend to be based in Dubai
I hope you know what you’re getting into but even so, be cautious
I use Coinbase and Crypto.com I was with Binance but they didn’t let some coins follow me when things moved to their US-only server
Has anyone used PayPal with Ethereum on MetaMask I’m not sure about the limits, just did some small transactions that way
Kraken is a solid option Also consider Crypto.com
You can try using USDT directly The minimum is 100k
You can wire money to Kraken
Check out Binance and Bybit for peer-to-peer options
I recommend buying in smaller amounts over time
To stay safe in the long term, cold storage is best Trading and short-term needs can be handled on exchanges