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Bitfinex offers USD, Euro, Yuan, Yen. Nakapag-cashout nko via international wire transfer, pero yung bank dito sa pinas asking more and more questions if san galing ang money, pano ako nagka btc and etc. Planning to set-up an account sa other bank and planning naetry yung other international currency. Meron po ba kayo ma-suggest na banks na hindi masyadong hassle itransact. Nakapagtry nadin ba kayo magcashout using international currency maliban sa USD?
Union Bank is working OK for me sa ngayon pero need lang back-up na bank just incase gipitin nila ako. I tried business account at security bank pero wala. Daming demands na requirements tapos hindi din pala tinanggap yung wire transfer.
Having a bank account that would have international wire transfers would be a real hassle especially kung mga bangko pa sa pilipinas ang pagwiwithdrawhan mo. Marami na ang nakaexperience ng sobrang matanong na mga bangko and Union Bank lang talaga ang pinaka better option sa ngayon. Still, I wouldn't suggest na marami kang ilagay sa iisang account lang na hahawakan din ngiisang bangko. Maraming changes ang pwedeng mangyari like di man sila matanong ngayon and soon if maghigpit man ang crypto regulation sa bansa, baka isa ka sa mga kontakin din ng bangko.
As much as possible, gamitin mo nalan gang native way to withdraw. My way is to: Use coins.ph (XRP) (tipid sa fees) > coins.ph (PHP) > gcash then iba't ibang mode of withdrawal ang gamitin mo.
Up to what amount natry mo sa union bank? I want to know the best way to cash out more than 1m php, nang hindi masyado binubusisi ng banks. Already tried to apply for coinsph 5m custom limit but so far no replies. Been mining since 2012 and hodling ever since, don't want to cash out large amounts then having the bank account frozen later on because of some BS.
