Bitcoin Forum

Hello, everyone.
Is there any Philippines bitcoin exchange aside of coins.ph?

For example I have a friend want to buy 20m worth of btc? Where should he go in the Philippines?

Thanks for your advices.

Aside from coins.ph you can also try rebit.ph but if you are going to buy huge amount like millions of pesos worth of Bitcoin, I don't think you can do that in just one transaction because they set a limit on how much customers can buy each day, also note that these two exchange requires verification of your identity because of KYC and AML. Try localbitcoins to see if there is anyone with the amount you desire available. Which country are you from? and why do you want to buy Bitcoin here in the Philippines, are you trying to do arbitrage here?

Are you serious sir?. to add confidence from the answer above. coins.ph is the most used exchange here and you need to have a verified account to increase your purchase and selling power.

In localbitcoins.com look for reputable seller. I saw one there that can handle 1 - 2 million pesos worth of bitcoin for sale. Just do your transaction in person and inside a bank or mall for added security.

i dont think arbitrage is good here in the Philippines because the price difference is relatively small maybe in india or zimbabwe it is applicable.

good luck.

If you do transaction in bank which above 500k Php, you will be subjected to interview with there branch Manager (unless well known VIP ka sa bank) at kong sasabihin mo sa Manager na about bitcoin ang transaction nyo, 90% chance eh foforce close ang account nyo. Bakit alam ko? kasi nagttrabaho ang wife ko sa bank and marami na syang na share na mga client na close account dahil sa bitcoin

Mas mairerekomenda ko talaga sau ang coins.ph kase subok na ito lalo kung ganian kalaki ang bibilhin nya kaya mas safe kung sa coins.ph mo nlang sya iintroduce.

Peer to Peer ang isa sa best way para makabili ng worth 20M.

If your friend got a business or who gambles a lot, pwede rin gamitin yan to cover the transaction and never mention bitcoin sa bank, if banking transaction iyan.

You can just try peer to peer trading if you want to buy bulk of bitcoins.

You can use however https://localbitcoins.com/country/PH and there is a guy there that has been trading there for years and has a lot of bitcoin.

I just forgot his name.

Try nyo sir tingnan sa moneybees.net they buy and sell bitcoin over the counter at may iba't ibang locations sila.

In my opinion you can`t withdraw 20 million Php. here in the Phillipines with just only 1 bank. I suggest you can withdraw at least 50k in each bank. coins.ph is good, but I dont think there`s other bitcoin exchane here in the Phillipines. Thank you for reading my opinion.

Pwede naman mag withdraw ng malaking pera sa isang bangko lang e pero syempre dapat meron kang ganun na pera lol. Kung cashout yung sinasabi mo, yes may limit yun pero sa ibang exchange baka pwede mas malaki

Huwag mo itry na mag-mention ng about sa bitcoin bangko (lalo na sa BDO), kapag nalaman nila yan, freeze yung account mo tapos confiscated laman ng account mo. Saka para sa akin, coins.ph pa ring ang the best way to buy coins here in the Philippines. Saka safe ka naman kasi accredited ng BSP yan.

personally i would still recommend using coins.ph to buy bitcoins here in the Philippines, I am trusting them with every cash-in and cash-out, so far I don't get any problems using them. If you would like to use other exchanges to buy bitcoins here, just do it at your own risk, do some research first before putting some of your hard earned money to whichever exchange you find

paylance.ph does th job well.

Mas maganda na rin kong sigurado at subok, lalo na at legal pa ang coins.ph natin dito sa Pinas kesa mag try ka ng hindi pa subok, sus--- baka madali pera mo nyan! Mas maganda nang sigurado kesa magbakasali.