Buy & Sell Crypto In Large Amounts
For most prospective crypto investors, exchanges have all that’s needed. But for those looking to invest a large sum into cryptocurrencies, brokerage services are the superior choice. Below, we at Collective Shift profile the 3 crypto brokerage firms that we recommend to high-net-worth individuals (HNWIs).
HCaleb & Brown
Caleb & Brown is an award-winning cryptocurrency brokerage registered with AUSTRAC. Operating from Melbourne since 2016, Caleb & Brown seeks to become an important conduit between the crypto and financial services industry.
Enabling high-value cryptocurrency trading in the range of A$5,000 to $100 million is Caleb & Brown’s speciality. It is the only brokerage service in Australia that can facilitate up to $2 million in daily purchases—prior to bank deposit clearance—for verified clients.
Independent Reserve
Independent Reserve maintains an insurance policy over the value of all cryptocurrencies held in its storage facilities. There are six premium accounts offered by Independent Reserve. The lowest tier has their cryptocurrencies insured for up to A$15,000 and the highest tier for up to $2 million.
In recent years, Independent Reserve has established its OTC trading desk. It is now Australia’s premier OTC desk for self-managed super funds (SMSFs), institutional clients and sophisticated high-net-worth individuals.
Through Independent Reserve’s OTC desk, you can trade between $100,000 and $10 million worth of cryptocurrencies such as bitcoin and receive seamless trade execution and settlement services which are discrete, secure and ultra-competitive.
Ainslie Wealth
Established in 1974, Ainslie has earned a reputation for secure, competitive, and honest dealings. You can buy and sell cryptocurrency simply and directly with high-value lock-and-pay transactions. Ainslie Wealth is Australia’s largest OTC cryptocurrency and precious metals bullion dealer.
Compared to Caleb & Brown and Independent Reserve, Ainslie Wealth’s main point of difference is precious metals convertibility. With Ainslie Wealth, you can buy and sell the following cryptocurrencies: BTC, ETH, LTC, BCH, XRP, AUS, and AGS.
Ainslie Wealth charges a management fee of 2.5% on BTC, ETH, LTC, BCH, and XRP. And for AUS and AGS, it charges a 1% fee.
Read: How To Invest In Gold, Silver & Other Precious Metal Assets