Bitcoin Forum

Local => Pamilihan => Topic started by: arielbit on February 12, 2019, 02:55:08 AM



Title: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on February 12, 2019, 02:55:08 AM
tested 1324 USD withdrawal from bittrex

bpi account received 1307.5 USD

sa mga allergic sa fees na mga tao dyan, as long as mas mataas ang selling price at mas mababa ang buying price sa bittrex ay mas marami ka pa rin na makukuha USD cash(sell) or BTC (buy)


https://i.postimg.cc/RV0GZ2sy/wire2.jpg

https://i.postimg.cc/pLhZDztB/wire1.jpg


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on February 12, 2019, 02:56:26 AM
reserved


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on February 12, 2019, 02:56:39 AM
reserved


Title: Re: Alternative for BTC cash in and cash out [USD bank account in the Philippines]
Post by: BlackMambaPH on February 12, 2019, 03:27:09 AM
tested 1324 USD withdrawal from bittrex

bpi account received 1307.5 USD

sa mga allergic sa fees na mga tao dyan, as long as mas mataas ang selling price at mas mababa ang buying price sa bittrex ay mas marami ka pa rin na makukuha USD cash(sell) or BTC (buy)
-snip-

Ayos to sir ah. Paano pag nagtanong yung bank kung saan galing ang sources nung transacation fund, allowed ba na galing sa crypto currency exchange? And magkano ang fees from bittrex to your bank account?

Sa bittrex din dati ako nagtitrade kayo nung nag simula sila ng KYC lumipat na ako sa Binace.  


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on February 12, 2019, 03:35:22 AM
example:

(values based on the day and time posted)
(52 PHP = 1USD)

cash out

bittrex (3565 USD) = 185,380

coins.ph         = 180,801



cash in

bittrex (3571 USD) = 185,692

coins.ph         = 190,178


makikita natin na may ~5000 pesos or ~100 USD difference ang coins.ph sa bittrex



tested 1324 USD withdrawal from bittrex

bpi account received 1307.5 USD

sa mga allergic sa fees na mga tao dyan, as long as mas mataas ang selling price at mas mababa ang buying price sa bittrex ay mas marami ka pa rin na makukuha USD cash(sell) or BTC (buy)
-snip-

Ayos to sir ah. Paano pag nagtanong yung bank kung saan galing ang sources nung transacation fund, allowed ba na galing sa crypto currency exchange? And magkano ang fees from bittrex to your bank account?

Sa bittrex din dati ako nagtitrade kayo nung nag simula sila ng KYC lumipat na ako sa Binace. 

as of now allowed, crypto currency trading ang source of funds ko sa BPI ngayon.

remember this is a personal experience, i do not speak for the bank.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Lassie on February 12, 2019, 04:37:53 AM
@arielbit ilan days or hours aabutin para pumasok sa account mo yung usd withdrawal from bittrex? Pwede din ba sya kahit weekend or holiday? I mean papasok pa din ba or during business days lang dito satin?


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on February 12, 2019, 04:53:57 AM
@arielbit ilan days or hours aabutin para pumasok sa account mo yung usd withdrawal from bittrex? Pwede din ba sya kahit weekend or holiday? I mean papasok pa din ba or during business days lang dito satin?

ang receiving side ng BPI laging online kasi computer na yan, may system nang nagpprocess nyan. ang US o yung bittrex ang imonitor mo.

realtime ang wire transfer within the day nandito na yan.

sabi ni bittrex, withdrawal made before 9 AM PST ay merereceive sa same day or 1 AM dito sa Pilipinas, sabihin natin na nag withdraw ka ng gabi dito bago ka matulog, pag gising mo ng umaga hanggang tanghali, most likely pumasok na yung pera mo.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Lassie on February 12, 2019, 06:34:11 AM
@arielbit ilan days or hours aabutin para pumasok sa account mo yung usd withdrawal from bittrex? Pwede din ba sya kahit weekend or holiday? I mean papasok pa din ba or during business days lang dito satin?

ang receiving side ng BPI laging online kasi computer na yan, may system nang nagpprocess nyan. ang US o yung bittrex ang imonitor mo.

realtime ang wire transfer within the day nandito na yan.

sabi ni bittrex, withdrawal made before 9 AM PST ay merereceive sa same day or 1 AM dito sa Pilipinas, sabihin natin na nag withdraw ka ng gabi dito bago ka matulog, pag gising mo ng umaga hanggang tanghali, most likely pumasok na yung pera mo.

Ayun gets ko na. Madaming salamat sa paliwanag arielbit. Siguro susubukan ko yung tinuro mo sa thread na to kung malaking amount ang ilalabas ko pero kung mga less than 10k lang siguro ok na din coins.ph lang. Ay wait, yung nabawas sa withdrawal mo percentage kaya sya or fixed amount?


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on February 12, 2019, 06:52:13 AM
@arielbit ilan days or hours aabutin para pumasok sa account mo yung usd withdrawal from bittrex? Pwede din ba sya kahit weekend or holiday? I mean papasok pa din ba or during business days lang dito satin?

ang receiving side ng BPI laging online kasi computer na yan, may system nang nagpprocess nyan. ang US o yung bittrex ang imonitor mo.

realtime ang wire transfer within the day nandito na yan.

sabi ni bittrex, withdrawal made before 9 AM PST ay merereceive sa same day or 1 AM dito sa Pilipinas, sabihin natin na nag withdraw ka ng gabi dito bago ka matulog, pag gising mo ng umaga hanggang tanghali, most likely pumasok na yung pera mo.

Ayun gets ko na. Madaming salamat sa paliwanag arielbit. Siguro susubukan ko yung tinuro mo sa thread na to kung malaking amount ang ilalabas ko pero kung mga less than 10k lang siguro ok na din coins.ph lang. Ay wait, yung nabawas sa withdrawal mo percentage kaya sya or fixed amount?

sabi sa akin ng BPI may receiving charge silang 6 or 6.x USD, kung 16.5 USD ang nabawas sa tingin ko may sending charge yung bank sa US o baka may routing bank na dinaanan na nagcharge din...ang sabi ng BPI sa akin fixed amount daw sila.

yup, sa malalaking halaga lang recommended ang USD wire from exchanges to our USD bank account vice versa. the minimum amount 1000$ send or receive is reasonable and competitive enough.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Lassie on February 12, 2019, 09:09:47 AM
@arielbit ilan days or hours aabutin para pumasok sa account mo yung usd withdrawal from bittrex? Pwede din ba sya kahit weekend or holiday? I mean papasok pa din ba or during business days lang dito satin?

ang receiving side ng BPI laging online kasi computer na yan, may system nang nagpprocess nyan. ang US o yung bittrex ang imonitor mo.

realtime ang wire transfer within the day nandito na yan.

sabi ni bittrex, withdrawal made before 9 AM PST ay merereceive sa same day or 1 AM dito sa Pilipinas, sabihin natin na nag withdraw ka ng gabi dito bago ka matulog, pag gising mo ng umaga hanggang tanghali, most likely pumasok na yung pera mo.

Ayun gets ko na. Madaming salamat sa paliwanag arielbit. Siguro susubukan ko yung tinuro mo sa thread na to kung malaking amount ang ilalabas ko pero kung mga less than 10k lang siguro ok na din coins.ph lang. Ay wait, yung nabawas sa withdrawal mo percentage kaya sya or fixed amount?

sabi sa akin ng BPI may receiving charge silang 6 or 6.x USD, kung 16.5 USD ang nabawas sa tingin ko may sending charge yung bank sa US o baka may routing bank na dinaanan na nagcharge din...ang sabi ng BPI sa akin fixed amount daw sila.

yup, sa malalaking halaga lang recommended ang USD wire from exchanges to our USD bank account vice versa. the minimum amount 1000$ send or receive is reasonable and competitive enough.

Ayun bale good for high amount ng cashout/withdrawal ang wire transfer para mas tipid. Madaming salamat sa clarification. Magpapa open na din ako ng usd account kung sakali.

Meron kaya dito may experience ng wire transfer papunt sa ibang bangko?


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on February 12, 2019, 12:41:56 PM
@arielbit ilan days or hours aabutin para pumasok sa account mo yung usd withdrawal from bittrex? Pwede din ba sya kahit weekend or holiday? I mean papasok pa din ba or during business days lang dito satin?

ang receiving side ng BPI laging online kasi computer na yan, may system nang nagpprocess nyan. ang US o yung bittrex ang imonitor mo.

realtime ang wire transfer within the day nandito na yan.

sabi ni bittrex, withdrawal made before 9 AM PST ay merereceive sa same day or 1 AM dito sa Pilipinas, sabihin natin na nag withdraw ka ng gabi dito bago ka matulog, pag gising mo ng umaga hanggang tanghali, most likely pumasok na yung pera mo.

Ayun gets ko na. Madaming salamat sa paliwanag arielbit. Siguro susubukan ko yung tinuro mo sa thread na to kung malaking amount ang ilalabas ko pero kung mga less than 10k lang siguro ok na din coins.ph lang. Ay wait, yung nabawas sa withdrawal mo percentage kaya sya or fixed amount?

sabi sa akin ng BPI may receiving charge silang 6 or 6.x USD, kung 16.5 USD ang nabawas sa tingin ko may sending charge yung bank sa US o baka may routing bank na dinaanan na nagcharge din...ang sabi ng BPI sa akin fixed amount daw sila.

yup, sa malalaking halaga lang recommended ang USD wire from exchanges to our USD bank account vice versa. the minimum amount 1000$ send or receive is reasonable and competitive enough.

Ayun bale good for high amount ng cashout/withdrawal ang wire transfer para mas tipid. Madaming salamat sa clarification. Magpapa open na din ako ng usd account kung sakali.

Meron kaya dito may experience ng wire transfer papunt sa ibang bangko?

sa BPI 14$ daw ang sending charge, one of these days magpadala din ako sa bittrex at kung may receiving charge yung bank abroad malalaman na lang natin yan pag tayo na ang nagsend ng USD abroad.

no need na ang level 3 at level 4 sa coins.ph hehe.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on February 14, 2019, 12:24:01 PM
Salamat dito.

Sino gusto mag try sa BDO haha. Allergic sa crypto yang banko na yan pero siguro naman di yan alarming pag di kalakihan. Anyways wag na iquote tong post na ito. Dun na lang sa kabilang thread.

pumunta ako sa BDO, sabi sa akin kung mag oopen daw ng dollar account for Bitcoin-USD income kailangan daw kumuha ng certificate sa Bangko Sentral, tinanong ko kung anong certificate yun o anong tawag dun, hindi naman masyadong knowledgeable yung nakausap ko, hindi nya mapangalanan...pag may time pupunta ako sa BSP dito at mag iinquire kung ano yung hinihingi ng BDO, sa tingin ko pang business yun tulad ng western union, LBC, palawan, coins.ph anyway mag iinquire pa rin ako dun at kung ano naman ang masasabi nila para sa individual na tao at hindi business.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Tamilson on February 17, 2019, 08:56:32 AM

Meron kaya dito may experience ng wire transfer papunt sa ibang bangko?

What bank? Pero bago ka makapag wire transfer need mo muna ienroll sa account mo yung receiving account and para na rin walang fee. I'm talking about BPI ah, so kapag unenrolled yung account there will be a service fee.

@arielbit salamat dito, BPI user din ako and lagi sa coins.ph ko muna pinapadaan bago sa bank which is ang laki talaga ng patong ni coins.ph
Try ko din mag inquire ng dollar account para magamit.
Btw, aside from bittrex nakapag try knb sa ibang exchange sites?


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on February 17, 2019, 10:43:04 AM
@arielbit salamat dito, BPI user din ako and lagi sa coins.ph ko muna pinapadaan bago sa bank which is ang laki talaga ng patong ni coins.ph
Try ko din mag inquire ng dollar account para magamit.
Btw, aside from bittrex nakapag try knb sa ibang exchange sites?


hindi pa ako nagtry ng iba, ang kraken meron na rin. (hindi ko pa nasubukan ito)
 
nag login ako sa kraken, unlike last year na nabasa ko na US citizen lang at within US ang pwedeng gumamit meron na rin na silang international ngayon.

nag user verification ako last year kaya tier 2 ang makikita ninyo sa account ko.

https://i.postimg.cc/j2PHm1j7/verification.jpg

euro ang currency kasi nasa UK yung bank (yung international ng kraken)

alam ko na nagcoconvert naman ang mga bank ng currency pero ewan ko kung ano ang gustong ipa deposit ni kraken dollar o euro.

hindi tulad ng bittrex nilinaw nila na USD dapat ang ipadala.

https://i.postimg.cc/0jN7VNwb/euro.jpg



Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Tamilson on February 22, 2019, 07:05:32 AM

euro ang currency kasi nasa UK yung bank (yung international ng kraken)

alam ko na nagcoconvert naman ang mga bank ng currency pero ewan ko kung ano ang gustong ipa deposit ni kraken dollar o euro.

hindi tulad ng bittrex nilinaw nila na USD dapat ang ipadala.

Medjo malabo nga yung Kraken and nakakatakot baka hindi pumasok sa bank, ang dami pang dadaanan.
Sa bittrex na lang siguro ako at least may naka experience na and if ever nag ka conflict mas responsive si bittrex.

Salamat sa tip brother. More money to come haha!


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on February 28, 2019, 05:27:20 AM
Thank you for sharing this information, it's very helpful.

I just made a research now, and I saw that the minimum deposit and maintaining balance is $500, I think that's alright in crypto
we can earn more than that and this will help us to get better rates compared to coins.ph account.


I have my account verified already at bittrex, I guess I will not be using my coins.ph anymore with this information.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: GreatArkansas on February 28, 2019, 05:35:35 AM
Dito talaga maganda, kompara mo sa coins.ph na sobrang laki ng spread ng buy at sell.  Ask ako what if non-usd ang bank account mo? pwede parin ba jan sa bittrex?


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on February 28, 2019, 05:37:21 AM
Dito talaga maganda, kompara mo sa coins.ph na sobrang laki ng spread ng buy at sell.  Ask ako what if non-usd ang bank account mo? pwede parin ba jan sa bittrex?
I guess not, you should open a USD account because you are going to transfer USD from your Bittrex account to your bank account.


Edit : To OP, I will try to open an account this Monday and will customize my bittrex account for USD withdrawal.
Just in case I'll face a problem, I hope you can guide me, also, I will update this thread regarding my status.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on March 05, 2019, 10:28:14 AM
Bro, I am currently applying to open an account for USD trading (deposits and withdrawals) at Bittrex.

Please guide me, I just have some questions that I list below.

Bank 1: Routing Number/SWIFT: Please enter your bank ABA (within the US) routing number or SWIFT (outside the US) code. Enter letters and numbers only, do not enter dashes or spaces


I have research and see in the net that the SWIFT for BPI is BOPIPHMM, is it correct?
Is it the standard one? I read the MM is for metro manila but I am from Mindanao, what SWIFT i will use?



Bank 1 Incoming Routing Number for Deposits into Bittrex: If your bank uses a Correspondent/Intermediary Bank Routing Number to Send Wires to Bittrex Enter It Here (Enter "NO" if your bank does not use correspondent bank to send wires:


is it NO? or what?


Intermediary Bank 1 withdrawals: Does your bank require intermediary bank instructions for Bittrex to properly send your withdrawal?


yes or no?


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on March 05, 2019, 01:20:04 PM
@Ipwich

BOPIPHMM is correct, but I recommend that you verify that in your BPI branch there https://www.bpiexpressonline.com/p/1/875/ways-to-send (https://www.bpiexpressonline.com/p/1/875/ways-to-send).

I haven't tested deposit USD to bittrex yet, but for withdrawal I used "NO" for intermediary bank requirement.

I think it is also stated there that whether you placed the routing code of the intermediary bank or not, your money will still get there, it just might have a higher chance to get there faster.

anyway when sending money to US, the BPI employee assisting you will know if there will be a problem sending USD to bittrex's bank account. I know this because I have sent money to a person in US, just a different bank (Bank of America).


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: pinoycash on March 05, 2019, 02:15:34 PM
I tried this before last year 2018, Using PS Bank Peso account

Bittrex(USD) to PSBank(PHP) via international wire transfer at auto convert na to PHP once nag reflect sa passbook account.

Sa BPI pala 1 Day lang ang processing ng Wire transfer? Sa PSBank inabot ng 5 banking days bago pumasok sa passbook ko at araw araw ako napunta sa branch para itanong kung dumating na laging wala pa at nung ika 5th day lang dumating. yun daw ang normal processing ng international wire transfer


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on March 05, 2019, 11:24:16 PM
I just received an email today, a reply of my application but it's not approve yet and it seems I have to apply again to attach the required documents.

Email received.

https://imgbbb.com/images/2019/03/05/bittrex.png


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: pinoycash on March 06, 2019, 05:06:23 AM
I just received an email today, a reply of my application but it's not approve yet and it seems I have to apply again to attach the required documents.

~snip~

Statement of Account ba nasubmit mo?

ako kasi passbook lang yung underpage with my name account number and address

tapos yung passbook page ng latest transaction in the past 30 days.

Kung ATM ang account request ka sa bank ng proof of deposit or bank statement in the past 30 days may bayad nga lang yun depende sa bank.

tapos wag Cellphone camera gamitin mo pagpicture, pa SCAN mo talga yung buong page.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on March 06, 2019, 05:29:02 AM
I just received an email today, a reply of my application but it's not approve yet and it seems I have to apply again to attach the required documents.

~snip~

Statement of Account ba nasubmit mo?

ako kasi passbook lang yung underpage with my name account number and address

tapos yung passbook page ng latest transaction in the past 30 days.

Kung ATM ang account request ka sa bank ng proof of deposit or bank statement in the past 30 days may bayad nga lang yun depende sa bank.

tapos wag Cellphone camera gamitin mo pagpicture, pa SCAN mo talga yung buong page.
It's not a bank statement, it's just a passbook.
I am now requesting a bank statement from the bank so I can re apply again.
They need to see my name and address in the statement and my passbook does not show all the information.

Hopefully in the 2nd try it will be successful.




I'm getting ready in case BTC will pump this year.  ;D ;D


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on March 07, 2019, 04:14:43 AM
Just an update, I just submitted my bank statement and other requirement as a proof of residency, let's see if we will have the success this time.
Will update the status once I receive an email, most probably in less than 24 hours they will reply.


Title: Re: Alternative for BTC cash in and cash out [USD bank account in the Philippines]
Post by: ruthbabe on March 07, 2019, 04:30:42 AM
tested 1324 USD withdrawal from bittrex

bpi account received 1307.5 USD

sa mga allergic sa fees na mga tao dyan, as long as mas mataas ang selling price at mas mababa ang buying price sa bittrex ay mas marami ka pa rin na makukuha USD cash(sell) or BTC (buy)
-snip-

Ayos to sir ah. Paano pag nagtanong yung bank kung saan galing ang sources nung transacation fund, allowed ba na galing sa crypto currency exchange? And magkano ang fees from bittrex to your bank account?

Sa bittrex din dati ako nagtitrade kayo nung nag simula sila ng KYC lumipat na ako sa Binace.  

Parehas pala tayo, tol... ganyan din ang aking ginawa at saka mas simpleng gamitin ang binance kumpara sa bittrex sa aking palagay iyan. Well, $16.93 na fee ay kalakihan na rin pero sa tingin ko ay ok na rin kung walang tsetse buretse.  :D


Title: Re: Alternative for BTC cash in and cash out [USD bank account in the Philippines]
Post by: Ipwich on March 07, 2019, 08:22:19 AM
tested 1324 USD withdrawal from bittrex

bpi account received 1307.5 USD

sa mga allergic sa fees na mga tao dyan, as long as mas mataas ang selling price at mas mababa ang buying price sa bittrex ay mas marami ka pa rin na makukuha USD cash(sell) or BTC (buy)
-snip-

Ayos to sir ah. Paano pag nagtanong yung bank kung saan galing ang sources nung transacation fund, allowed ba na galing sa crypto currency exchange? And magkano ang fees from bittrex to your bank account?

Sa bittrex din dati ako nagtitrade kayo nung nag simula sila ng KYC lumipat na ako sa Binace.  

Parehas pala tayo, tol... ganyan din ang aking ginawa at saka mas simpleng gamitin ang binance kumpara sa bittrex sa aking palagay iyan. Well, $16.93 na fee ay kalakihan na rin pero sa tingin ko ay ok na rin kung walang tsetse buretse.  :D

You don't need to do this if you are not earning enough money.
5% less versus the current exchange rate is nothing if you are just making like 10K pesos per month.

But, if you are making at least a million per year or even half of it, 5% is already a material amount.

Let's compute, with coins.ph exchange rate (it's less 5% of the standard rate), so in a year if you cash out for 1 million pesos, 5% is already PHP 50,000 and that is material to me considering I can still enjoy that Php 50,000 in some other fun activity, or even using it to help your relatives or family.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on March 10, 2019, 10:52:21 AM
Update : Still no reply from bittrex regarding my application.

To OP usually how long is the processing period?


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on March 11, 2019, 12:57:11 AM
Update : Still no reply from bittrex regarding my application.

To OP usually how long is the processing period?

1-2 days only, it took 2 days for me because I have to point out my name and address in the lower left of the bank statement, bittrex support didn't notice that the first day.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on March 11, 2019, 05:16:57 AM
Update : Still no reply from bittrex regarding my application.

To OP usually how long is the processing period?

1-2 days only, it took 2 days for me because I have to point out my name and address in the lower left of the bank statement, bittrex support didn't notice that the first day.
It's already 4 days now and I still did not receive a reply, maybe they also have some weekend or off woks days?
I will wait until the end of this week, if still not update, I might resubmit again and maybe try Kraken since they also allow USD transaction.

What other sites do you know that accepts USD transactions?


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on March 11, 2019, 06:27:55 AM
Update : Still no reply from bittrex regarding my application.

To OP usually how long is the processing period?

1-2 days only, it took 2 days for me because I have to point out my name and address in the lower left of the bank statement, bittrex support didn't notice that the first day.
It's already 4 days now and I still did not receive a reply, maybe they also have some weekend or off woks days?
I will wait until the end of this week, if still not update, I might resubmit again and maybe try Kraken since they also allow USD transaction.

What other sites do you know that accepts USD transactions?

Saturday and Sunday, maybe they don't process request in those days (Business days are typically Monday to Friday). Be patient, I think your application will be approved, it wasn't complicated for me.

kraken and bittrex only..


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on March 12, 2019, 01:21:15 AM
I received an email today, still I have a little problem but just a minor ones, I guess I can comply this anytime soon, but this one below I don't understand.

Quote
To ensure your bank details are added to the system correctly please also include the international USD wire instructions from your bank for your account.


Can you help me on this...?


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on March 12, 2019, 03:56:24 AM
I received an email today, still I have a little problem but just a minor ones, I guess I can comply this anytime soon, but this one below I don't understand.

Quote
To ensure your bank details are added to the system correctly please also include the international USD wire instructions from your bank for your account.


Can you help me on this...?

I think they want the SWIFT code to be given by the bank (verified by picture) not just something you typed, a picture of the bank certification should include the SWIFT code.

Quote
The attached document from your bank must show your account number, bank name, bank address, and most importantly your bank account name. If possible, please show bank routing number as well, as this will help ensure the right routing (ABA or SWIFT) number is recorded. We do not need to see any balance, transaction, or other personal information. Please feel free to redact that information from any statements you send us. The intent is to confirm you have control of the account and we have your account number and routing number logged correctly.

(maybe try this first) you can give this link to them to verify the SWIFT code https://www.bpiexpressonline.com/p/1/875/ways-to-send (https://www.bpiexpressonline.com/p/1/875/ways-to-send)

if they still want a picture of the certification with the SWIFT code, i guess you have to get one from your bank.



Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: pinoycash on March 12, 2019, 06:42:15 AM
I received an email today, still I have a little problem but just a minor ones, I guess I can comply this anytime soon, but this one below I don't understand.

Quote
To ensure your bank details are added to the system correctly please also include the international USD wire instructions from your bank for your account.


Can you help me on this...?

Most banks provides a leaflet for USD wire transfer instructions and Faqs,

You should get one from directly from the bank teller or officer since this is not usually given to normal clients/depositor.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on March 13, 2019, 05:53:14 AM
Finally I got approved, thanks for all your help guys, especially the OP.

Part of the message I received through email today.
Quote
Congratulations, your request to enable your Bittrex account(s) for USD trading, USD deposits, and USD withdrawals for my name  has been approved!




I made my first deposit transaction today with a small amount (less than $100) , and I notice there is no fee, if this is normal then it's good for us.

If anyone wants to apply, I would also be willing to help to entertain your questions.



Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on March 14, 2019, 12:35:27 AM
@arielbit good morning to you.

Based on your experience, can you tell what is the normal processing period before your withdrawal reflects into your BPI account?
I still don't receive mine and it's been 24 hours already.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on March 14, 2019, 01:39:25 AM
@arielbit good morning to you.

Based on your experience, can you tell what is the normal processing period before your withdrawal reflects into your BPI account?
I still don't receive mine and it's been 24 hours already.

@arielbit ilan days or hours aabutin para pumasok sa account mo yung usd withdrawal from bittrex? Pwede din ba sya kahit weekend or holiday? I mean papasok pa din ba or during business days lang dito satin?

ang receiving side ng BPI laging online kasi computer na yan, may system nang nagpprocess nyan. ang US o yung bittrex ang imonitor mo.

realtime ang wire transfer within the day nandito na yan.

sabi ni bittrex, withdrawal made before 9 AM PST ay merereceive sa same day or 1 AM dito sa Pilipinas, sabihin natin na nag withdraw ka ng gabi dito bago ka matulog, pag gising mo ng umaga hanggang tanghali, most likely pumasok na yung pera mo.

I only tried it once and it was quick.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on March 14, 2019, 04:00:56 AM
I only tried it once and it was quick.

This is the reply I received today when I chat to their support.



Thank you for your patience. Please be aware that international wire transfers may take up to 5 business days to settle due to global inter-bank transfer limitations. If this time frame has passed and you still have not received your USD wire transfer in your bank account, your withdrawal may be delayed.

Withdrawal delays can occur due to intermediary bank processes or invalid wire deposit information. If your withdrawal is delayed, please reach out to your bank and request your wire deposit instructions.

To investigate your withdrawal further, we will require a copy of the International USD Wire Deposit Instructions from your Bank, so we can verify the information on your account is correct.





Update today March 15, all solve, I deposited successfully but I just have questions about the fee because I can seem to find a fee bracket.

I tried with a small amount first  - 25 usd and I only received 18.50 usd, I don't know if I will transact a bigger amount it might take a bigger fee.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: pinoycash on March 15, 2019, 07:46:03 AM
Update today March 15, all solve, I deposited successfully but I just have questions about the fee because I can seem to find a fee bracket.

I tried with a small amount first  - 25 usd and I only received 18.50 usd, I don't know if I will transact a bigger amount it might take a bigger fee.

Wire transfer fee is fix amount depending on the bank, You should ask your bank how much they charge in sending a wire transfer transaction. Since Bittrex has ZERO fees in both deposit and withdrawal via wire transfer

Quote
Fiat Deposit and Withdrawals- Bittrex does not charge fees for USD deposits and withdrawals. You will want to check with your bank as they may charge a fee to send your wire transfer as well as receive a wire transfer at your bank. Also, for international customers if your bank uses an intermediary bank you will want to check with them to see if they charge a fee.

Source: https://bittrex.zendesk.com/hc/en-us/articles/115000199651-What-fees-does-Bittrex-charge-


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on March 17, 2019, 02:11:26 AM
Update today March 15, all solve, I deposited successfully but I just have questions about the fee because I can seem to find a fee bracket.

I tried with a small amount first  - 25 usd and I only received 18.50 usd, I don't know if I will transact a bigger amount it might take a bigger fee.

Wire transfer fee is fix amount depending on the bank, You should ask your bank how much they charge in sending a wire transfer transaction. Since Bittrex has ZERO fees in both deposit and withdrawal via wire transfer

Quote
Fiat Deposit and Withdrawals- Bittrex does not charge fees for USD deposits and withdrawals. You will want to check with your bank as they may charge a fee to send your wire transfer as well as receive a wire transfer at your bank. Also, for international customers if your bank uses an intermediary bank you will want to check with them to see if they charge a fee.

Source: https://bittrex.zendesk.com/hc/en-us/articles/115000199651-What-fees-does-Bittrex-charge-

There is no fee according to Bittrex and also according to the bank.
I don't get a clear answer actually but according to the bank manager that I talk to in the branch where I open my account, he said the fee is from the intermediary bank, so there could be a 3 party involve in the transaction, and that is alright for me, my only concern is I want to know the exact fee bracket.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Dhanems on March 17, 2019, 03:35:55 AM
example:

(values based on the day and time posted)
(52 PHP = 1USD)

cash out

bittrex (3565 USD) = 185,380

coins.ph         = 180,801



cash in

bittrex (3571 USD) = 185,692

coins.ph         = 190,178


makikita natin na may ~5000 pesos or ~100 USD difference ang coins.ph sa bittrex



tested 1324 USD withdrawal from bittrex

bpi account received 1307.5 USD

sa mga allergic sa fees na mga tao dyan, as long as mas mataas ang selling price at mas mababa ang buying price sa bittrex ay mas marami ka pa rin na makukuha USD cash(sell) or BTC (buy)
-snip-

Ayos to sir ah. Paano pag nagtanong yung bank kung saan galing ang sources nung transacation fund, allowed ba na galing sa crypto currency exchange? And magkano ang fees from bittrex to your bank account?

Sa bittrex din dati ako nagtitrade kayo nung nag simula sila ng KYC lumipat na ako sa Binace. 

as of now allowed, crypto currency trading ang source of funds ko sa BPI ngayon.

remember this is a personal experience, i do not speak for the bank.

Ay wowww really, pwedi pala magcash sa bitrex,kyc approved me Jan e,via bpi LNG tlga..SNA landbank din noh:)


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on March 19, 2019, 11:46:53 PM
I made another transfer again today, sent $156.21 and receive $139.71 in my BPI usd account, this means there is a charge of $16.5 for this transaction.
If I made this transaction with coins.ph, I could get a better rate as they are just 5% lower than the standard, here it's less 10% of my original amount.

Conclusion, wire transfer is not good for small transactions as the fee is your burden.
I don't know if this info is helpful in determining the fees, please help me analyze it and give your thoughts.

https://www.bpiexpressonline.com/p/1/694/international-wire-transfer


Next time I will transfer similar to the amount OP did in his example, let't see if the fee is reasonable.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on March 20, 2019, 11:40:19 AM
nakita ko ito sa website ng unionbank, kausap ko yung tao sa unionbank kahapon, wala siyang idea dito sa debit card na USD at wala daw silang card sa branch nilang ganun..mag iinquire daw siya at iuupdate ako.

ang disadvantage ng USD passbook:

 - may fifillupan na form kung magwiwithdraw
 - laging over the counter ang withdrawal (pupunta ka pa ng bank)

note: pag big amounts passbook dapat kasi hindi nakakaonline transfer ng pera for security purposes..hanggang viewing lang

perfect sana ito sa small amounts withdrawal at very convenient kasi sa ATM ka na magwiwithdraw (auto convert to peso), baka possible rin na mas maliit ang maintaining balance..


link: https://www.unionbankph.com/personal/debitcards/usdollar (https://www.unionbankph.com/personal/debitcards/usdollar)


try ninyo din mag inquire sa unionbank sa inyong mga lugar..


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on March 21, 2019, 05:13:35 AM
Thanks for sharing bro, I opened an account at BPI which is a passbook account, so I really need to go their physically just to cash out.

nakita ko ito sa website ng unionbank, kausap ko yung tao sa unionbank kahapon, wala siyang idea dito sa debit card na USD at wala daw silang card sa branch nilang ganun..mag iinquire daw siya at iuupdate ako.

ang disadvantage ng USD passbook:

 - may fifillupan na form kung magwiwithdraw
 - laging over the counter ang withdrawal (pupunta ka pa ng bank)

note: pag big amounts passbook dapat kasi hindi nakakaonline transfer ng pera for security purposes..hanggang viewing lang

perfect sana ito sa small amounts withdrawal at very convenient kasi sa ATM ka na magwiwithdraw (auto convert to peso), baka possible rin na mas maliit ang maintaining balance..


link: https://www.unionbankph.com/personal/debitcards/usdollar (https://www.unionbankph.com/personal/debitcards/usdollar)


try ninyo din mag inquire sa unionbank sa inyong mga lugar..

The information you shared is really good and I will try to inquire for this with my friend working at Unionback, hopefully this is better for smaller transactions.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Xenrise on March 24, 2019, 08:26:08 AM
Hindi ba mas makakamura ka pag nilagay mo muna sa coins then isend sa bank account mo? Magkano ba fee ng bittrex sa mga pinapadala na btc? .001 btc? That's worth 205 php. And 1324 USD ang pera mo tapos ang natanggap mo is 1307.5. Let's break it down. Let's say 52 php is 1 usd.

Your transaction:
1,324 usd = 69,741.70 php
1307.5 usd = 68,872.56 php

69,741.70 - 68,872.56 = 869.14 is the fee(trex to BPI).

If trex -> coins -> BPI:

69,741.70 - 205 = 69,536.7 php

69,536.7 php sana ang matatanggap mo if ganto yung ginawa mong transaction.

69,536.7 - 68,872.56 = 664.14 php yung nawala mo sa ginawa mong transaction. Wala kasing fee ang pagpasa ng funds from coins to BPI.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on March 24, 2019, 10:52:30 AM
Hindi ba mas makakamura ka pag nilagay mo muna sa coins then isend sa bank account mo? Magkano ba fee ng bittrex sa mga pinapadala na btc? .001 btc? That's worth 205 php. And 1324 USD ang pera mo tapos ang natanggap mo is 1307.5. Let's break it down. Let's say 52 php is 1 usd.

Your transaction:
1,324 usd = 69,741.70 php
1307.5 usd = 68,872.56 php

69,741.70 - 68,872.56 = 869.14 is the fee(trex to BPI).

If trex -> coins -> BPI:

69,741.70 - 205 = 69,536.7 php

69,536.7 php sana ang matatanggap mo if ganto yung ginawa mong transaction.

69,536.7 - 68,872.56 = 664.14 php yung nawala mo sa ginawa mong transaction. Wala kasing fee ang pagpasa ng funds from coins to BPI.

Consider the exchange rate first..as long as masmataas ang selling price ng BTC sa bittrex bale wala ang fee, ang coins pro lang ang halos nakakatapat sa rate ng bittrex pero halos walang laman yung exchange na yun, kung bibili ka ng malaki o magbebenta ng malaki , (exchange volume) malaki ang slippage at magiging spread.

At masmaganda na rin na may usd tayo, kung magdecide ka na bumili ng BTC outside ng bansa mahirap bumili ng usd.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Xenrise on March 24, 2019, 12:46:31 PM
Consider the exchange rate first..as long as masmataas ang selling price ng BTC sa bittrex bale wala ang fee, ang coins pro lang ang halos nakakatapat sa rate ng bittrex pero halos walang laman yung exchange na yun, kung bibili ka ng malaki o magbebenta ng malaki , (exchange volume) malaki ang slippage at magiging spread.

At masmaganda na rin na may usd tayo, kung magdecide ka na bumili ng BTC outside ng bansa mahirap bumili ng usd.
Ang sinasabi kong wallet is coins.ph. Pero kung malaki ang difference ng exchange rate ng coins.ph sa trex, it's better for us to follow your transaction. At saka tama ka, isa din pala yun way para makabili ng BTC sa ibang bansa, what if magkashortage sa coins. Nice information though, sorry for not considering the exchange rate. Mas malaki volume ng trex sa coins that's why mas malaki ang presyuhan ng btc dun.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on March 24, 2019, 03:15:01 PM
Consider the exchange rate first..as long as masmataas ang selling price ng BTC sa bittrex bale wala ang fee, ang coins pro lang ang halos nakakatapat sa rate ng bittrex pero halos walang laman yung exchange na yun, kung bibili ka ng malaki o magbebenta ng malaki , (exchange volume) malaki ang slippage at magiging spread.

At masmaganda na rin na may usd tayo, kung magdecide ka na bumili ng BTC outside ng bansa mahirap bumili ng usd.
Ang sinasabi kong wallet is coins.ph. Pero kung malaki ang difference ng exchange rate ng coins.ph sa trex, it's better for us to follow your transaction. At saka tama ka, isa din pala yun way para makabili ng BTC sa ibang bansa, what if magkashortage sa coins. Nice information though, sorry for not considering the exchange rate. Mas malaki volume ng trex sa coins that's why mas malaki ang presyuhan ng btc dun.


pag dating naman sa "cash in" sa coins.ph up to 400k lang per month (level3) sa coins pro up to 15M pero, yun nga wala naman laman yung pro coins, parang binili mo na lahat ng BTC at ibang coins dun ng 15M mo hehe

(except sa mga custom accounts) note: wala pang nag share ng info dito na may custom account.

so pag dating ng next bullrun/trading action/massive volatility ...nasa labas ng bansa ang opportunity wala dito.

at pag nag cashout ka ng 500k pataas makikita/mararamdaman mo ang kalakihan ng mawawala sa iyo pag sa coins.ph ka nag cashout, sa 500k mga 20,000 din ang matitipid mo compared sa coins.ph.

saka yung meron lang tayong alternative sa coins.ph is good enough, hindi pwedeng umaasa lang tayo sa isa.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Dhanems on March 27, 2019, 11:08:03 AM
Nowadays many banks will adopted a cryptocurrency like bitcoin..ripple and Ethereum..but be careful to link your bank account. So risky then:)even remettances will accept bitcoin and others crypto asset..


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on March 28, 2019, 02:28:23 AM
Nowadays many banks will adopted a cryptocurrency like bitcoin..ripple and Ethereum..but be careful to link your bank account. So risky then:)even remettances will accept bitcoin and others crypto asset..

How is it being risky? Coins.ph have linked their bank to their depository banks and nothing happens, they still operate until now.
Maybe you should understand the low about crypto, if you don't do anything against the law, then you should not worry.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: pinoycash on March 28, 2019, 12:44:53 PM
~snip~
saka yung meron lang tayong alternative sa coins.ph is good enough, hindi pwedeng umaasa lang tayo sa isa.


May alternative naman kaya lang mas aggressive lang talaga ang coins.ph sa marketing and promotions kaya hindi makasabay ang iba.

Example ay ang bitbit.cash from the same operator of rebit.ph and from the PH Blockchain company Satoshi Citadel Industries


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on March 28, 2019, 01:14:24 PM
~snip~
saka yung meron lang tayong alternative sa coins.ph is good enough, hindi pwedeng umaasa lang tayo sa isa.


May alternative naman kaya lang mas aggressive lang talaga ang coins.ph sa marketing and promotions kaya hindi makasabay ang iba.

Example ay ang bitbit.cash from the same operator of rebit.ph and from the PH Blockchain company Satoshi Citadel Industries

plus abra pa..

idadgdag ko pa ito sa advantage -> "also by having more flexibility by owning USD, buying-selling BTC with USD outside of the country"


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: r1a2y3m4 on March 28, 2019, 02:45:47 PM
~snip~
saka yung meron lang tayong alternative sa coins.ph is good enough, hindi pwedeng umaasa lang tayo sa isa.


May alternative naman kaya lang mas aggressive lang talaga ang coins.ph sa marketing and promotions kaya hindi makasabay ang iba.

Example ay ang bitbit.cash from the same operator of rebit.ph and from the PH Blockchain company Satoshi Citadel Industries
Much better talaga if we find alternatives. Napakalaking bagay yun na makakuha tayo ng alternatives, syempre makaka menos tayo ng fees.

Yung rebit.ph naririnig ko na to and sabi mas maganda daw yung palitan ng btc ditto. Di ko pa siya natatry though. Yung bitbit.cash ngayon ko lang narinig yan. Pero if the same yung operator but different name feel ko trusted naman yan.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Dhanems on March 28, 2019, 02:48:39 PM
Nowadays many banks will adopted a cryptocurrency like bitcoin..ripple and Ethereum..but be careful to link your bank account. So risky then:)even remettances will accept bitcoin and others crypto asset..

How is it being risky? Coins.ph have linked their bank to their depository banks and nothing happens, they still operate until now.
Maybe you should understand the low about crypto, if you don't do anything against the law, then you should not worry.
Of course coins.pH is 100% legit I used coins.pH since 2015..risky to the new platform or website we don't know if its legit or not.unless you try it:)


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: eagle10 on April 01, 2019, 06:32:48 AM
Makakatulong talaga itong post mo. Binabasa ko isa isa para hindi ako tanong ng tanong. Balak ko kasi gumamit na rin ng BPI para makadeposit at makawidro ng USD. Yung gusto kong itanong nababasa ko na dito. Kung meron pa akong itatanong siguro lalabas pa din kasi binabalak ko lang naman. Salamat


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on April 01, 2019, 11:42:36 AM
Makakatulong talaga itong post mo. Binabasa ko isa isa para hindi ako tanong ng tanong. Balak ko kasi gumamit na rin ng BPI para makadeposit at makawidro ng USD. Yung gusto kong itanong nababasa ko na dito. Kung meron pa akong itatanong siguro lalabas pa din kasi binabalak ko lang naman. Salamat
You should try this, I successfully made it with OP's tutorial.
Now, I can directly sell my BTC in Bittrex with a competitive rates and then deposit the proceeds in my BPI dollar account .

There is a fee, but it's nothing if you do big transactions.


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on April 03, 2019, 04:42:10 PM
ilagay ko lang ito dito  ;)

https://pbs.twimg.com/media/D3IJ1d9VAAAW2qG.jpg


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: Ipwich on April 04, 2019, 11:42:14 AM
Another alternative again, but when they say free, would that mean there is no charges.
I know Bittrex claimed they don't charge fee and it's free but with my transactions initiated in the past, there's still fee.


Have you tried cashing out using this exchange?


Title: Re: Alternative for BTC cash in and cash out [USD bank account]
Post by: arielbit on April 04, 2019, 03:00:53 PM
Another alternative again, but when they say free, would that mean there is no charges.
I know Bittrex claimed they don't charge fee and it's free but with my transactions initiated in the past, there's still fee.


Have you tried cashing out using this exchange?

I haven't tried "cash in" and "cash out" from kraken, will try cashing out in the future, at the moment I don't need to convert crypto to fiat yet.

the fees turns out to be "bank fees".