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Author: Admin | 2025-04-28
Method to buy bitcoin is to buy it on a cryptocurrency exchange. Just like any traditional brokerage account they let users transfer funds into the account by bank transfer and place orders on their order book.1. Sign-up for a corporate crypto exchange accountThe first step that you have to undertake to buy bitcoin as a company is to sign-up for a cryptocurrency exchange offering dedicated corporate accounts like Gemini, Kraken, Coinbase or River. This is important because in many legislations around the world it is a lot more complicated to let “others” buy assets under the company’s name.Opening a personal account and trading in the name of the company is therefore not a good idea and could significantly complicate your tax declaration and open up new tax problems regarding your crypto assets. Additionally, in most cases you will enjoy higher funding limits and better customer support than you would with a personal account.Institutional account sign-up on Gemini.com2. Buy bitcoinThe second step to buy bitcoin as a company is to actually place the order. First, you need to transfer funds (euros, dollars, pounds etc.) from your corporate bank account to the exchange. Some business bank accounts block transfers to and from crypto exchanges so you might want to inquire about your banks’ stance towards crypto exchanges beforehand.Once the funds have arrived on the exchange, you have to place your order. Generally speaking, there are two types of orders. If you want to simply buy at the current bitcoin price you submit a ‘market order’ (easy) and if you want to buy at a specific price you submit a ‘limit order’.Market orders vs. Limit ordersWhen you submit a ‘market’ order, the exchange looks at the current sell orders on the orderbook and calculates the price at which your buy order will be automatically filled. As a user, you only have to enter the amount you want to buy and press on the “buy” button.Pros: Easy, Convenient.Cons: Expensive for large amounts. You will probably see the price rise as your order gets executed. This is due to the fact that once you finish buying from the “cheap” sellers, you gradually move to the “expensive” sellers. This means you don’t have a fixed price for your purchase.On the other hand if you manually create a ‘limit order’, you are indicating the price at which you’re willing to buy, you are creating a new order
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