Bitpanda has much higher daily limits, but I don't know if it is accessible from china or canada. He might need a EURO bank account and then somehow exchange it for CAD.
Why does he not use paper wallets? He could scan them and have it encrypted on his laptop/USB device
If you seek to purchase and sell $1,000,000 worth of bitcoin but can’t find an exchange that has a sufficient liquidity in its order book to process the order without causing a significant movement in price, two options become available to you. First, you could sit on an exchange and slowly purchase bitcoins through multiple, smaller-sized orders. Every purchase made could in theory cause the market price to rise over time, so there is still risk of an inflated total purchase price. Alternatively, you could engage in an OTC transaction for the entire amount at a negotiated price. The negotiated price for the OTC transaction should in theory be better than the net price you would receive after slippage by executing the entire order on an exchange’s order book.
For more, visit https://bravenewcoin.com/news/how-to-buy-large-amounts-of-bitcoin-through-the-otc-market/
Look for "Over the counter Bitcoin" in Google or DuckDuckGo (for better privacy). If you want to physically move your Bitcoin you can get a Trezor, Ledger or even a paper wallet. If you are really paranoid you can memorize the Trezor's seed words and pass billions of $$$ through any customs on earth stored on your mind.
Not meaning to bust your balls or anything, but 'moving bitcoin' across any border is sort of a 'non sequitur'. The coins exist only on the interwebs (or the first distributed republic if you wish). To 'move' the coins you would only need a way to transfer a private key (or seed phrase) from one region to another, and I believe this can be done within the blockchain itself (perhaps with a little help of pgp or the likes) (in that sense, it would be an interesting philosophical question in what regards 'turing complete' is applicable to the blockchain existance as a whole, but I am drifting way off point). I think your main point is: "how to buy/sell millions worth of bitcoin without upsetting the market?". I would say: just dump them on the first exchange that proves liquid and start a panic fire sale, then buy part (or all) of it back and be home free. But that is of course a bit tongue in cheek.
If the funds are for the property purchase, they only need to find a real estate agency that will settle in BTC for them. They will either try to convince the seller to accept BTC or they will take BTC and arrange the CAD payout through their own clearing house. The buyer only needs to use their "brain wallet" with seeds to access the BTC when they arrive in Canada.
I know people in Canada who essentially run exchanges and quietly will sell Crypto to people they know, in sizable amounts, maybe do similar things or services here or there but that is too big for them.
-- apart from asking my associates in the official Blockchain Assn's and related.
Another option is to contact Dan @blocktrades -- and he will most likely be more than willing to help, even if that means (gasp) -- storing on an exchange / BTS / his options for days, etc etc.
Check the casinos. Some of the casinos accept bitcoins as deposits. But not sure where . you have to go and see. I know some casinos in Cyprus accepts bitcoins, give you chips to play and make it cash while you are leaving. But you maybe have to play some. :)
Bitpanda has much higher daily limits, but I don't know if it is accessible from china or canada. He might need a EURO bank account and then somehow exchange it for CAD.
Why does he not use paper wallets? He could scan them and have it encrypted on his laptop/USB device
If you seek to purchase and sell $1,000,000 worth of bitcoin but can’t find an exchange that has a sufficient liquidity in its order book to process the order without causing a significant movement in price, two options become available to you. First, you could sit on an exchange and slowly purchase bitcoins through multiple, smaller-sized orders. Every purchase made could in theory cause the market price to rise over time, so there is still risk of an inflated total purchase price. Alternatively, you could engage in an OTC transaction for the entire amount at a negotiated price. The negotiated price for the OTC transaction should in theory be better than the net price you would receive after slippage by executing the entire order on an exchange’s order book.
For more, visit https://bravenewcoin.com/news/how-to-buy-large-amounts-of-bitcoin-through-the-otc-market/
Look for "Over the counter Bitcoin" in Google or DuckDuckGo (for better privacy). If you want to physically move your Bitcoin you can get a Trezor, Ledger or even a paper wallet. If you are really paranoid you can memorize the Trezor's seed words and pass billions of $$$ through any customs on earth stored on your mind.
Not meaning to bust your balls or anything, but 'moving bitcoin' across any border is sort of a 'non sequitur'. The coins exist only on the interwebs (or the first distributed republic if you wish). To 'move' the coins you would only need a way to transfer a private key (or seed phrase) from one region to another, and I believe this can be done within the blockchain itself (perhaps with a little help of pgp or the likes) (in that sense, it would be an interesting philosophical question in what regards 'turing complete' is applicable to the blockchain existance as a whole, but I am drifting way off point). I think your main point is: "how to buy/sell millions worth of bitcoin without upsetting the market?". I would say: just dump them on the first exchange that proves liquid and start a panic fire sale, then buy part (or all) of it back and be home free. But that is of course a bit tongue in cheek.
If the funds are for the property purchase, they only need to find a real estate agency that will settle in BTC for them. They will either try to convince the seller to accept BTC or they will take BTC and arrange the CAD payout through their own clearing house. The buyer only needs to use their "brain wallet" with seeds to access the BTC when they arrive in Canada.
NEVER use QCX for anything you do not want completely tracked, they are in tight with regulation with the Canadastan gubment.
Honestly.
It is part of the reason there are really basically NO CAD options to use for exchanges.
Not anything with any volume/choice/liquidity.
Plus their C/S sucks.
thanks for the head's up. though, everything that I've got coming through QuadrigaCX is what I'll be claiming, so no worries there.
what about Kraken? besides those two, I haven't really come across any real options, have you...?
I know people in Canada who essentially run exchanges and quietly will sell Crypto to people they know, in sizable amounts, maybe do similar things or services here or there but that is too big for them.
-- apart from asking my associates in the official Blockchain Assn's and related.
A lot of good advice here, in the replies, too.
I know some of those myself.
Another option is to contact Dan @blocktrades -- and he will most likely be more than willing to help, even if that means (gasp) -- storing on an exchange / BTS / his options for days, etc etc.
Out of the box option to leave things "offcloud"
Dan is the man, but is not @dantheman
lol
You need to hire a lawyer who familiar with cryptocurrencies. It is a serious question.
Mmmmh... It's a lot of money... I live in Switzerland, in the crypto-valley, but I'm just a mannequin. Good luck!
Check the casinos. Some of the casinos accept bitcoins as deposits. But not sure where . you have to go and see. I know some casinos in Cyprus accepts bitcoins, give you chips to play and make it cash while you are leaving. But you maybe have to play some. :)