Bitcoin
How to Trade Big Crypto Volumes, Explained
Trading big crypto volumes consumes a lot of time, while also affecting the crypto markets. Learn how to trade large amounts effectively in our article #Sponsored
Major crypto transactions (over 50,000 BTC) — dubbed “whale movements” in the crypto industry — happen each year, from time to time.
Setting aside the amount of coins transferred during major crypto hacks, the largest Bitcoin transaction ever was made in November 2011. According to cryptocurrency statistics provider Blockchain.com, back then, someone transferred 500,000 BTC, worth approximately $1.3 million at the time, to a single address. The same amount today would be valued at $4 billion.
Another major crypto transaction, titled “Bitstamp Audit,” was made in November 2013. A now-defunct address of one of the world’s first crypto exchanges, Bitstamp transferred 194,993 BTC, worth $149 million back then — or $1.6 billion today.
It is worth noting that big crypto volumes are not necessarily related to huge transaction fees. For instance, in October 2018, a Bitcoin investor sent 29,999 BTC (worth about $194 million at that time) — the largest BTC transaction in recent months — with a $0.01 fee. Meanwhile, those who transfer fiat money via traditional payment institutions, such as banks, might face hidden fees, which makes it hard to predict the particular cost of a transaction.
