Coins.ph Official Thread

[Lassie]

Tanong lang po sa mga nagcacashin dyan, ano po pinaka mura na fees kapag mag cash in at ano ang pinakamabilis base on your experience? Pa share naman po salamat

Pinakamura, palawan pawnshop kasi kahit ilan ipasok mo, 40 pesos lang talaga ang cash-in fee mo unlike other options tsaka instant din naman to.

madaming salamat sa pag sagot. natry mo na ba yan? instant talaga yung pasok ng cash in? nagbabalak kasi ako mag cash in para sa loading business saka bills payment kaya medyo kino compute ko kung profitable pa din ba kung sakali ishoulder yung cash in fees

[1713946921]

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[1713946921]

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[1713946921]

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[1713946921]

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[1713946921]

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[BlackMambaPH]

Tanong lang po sa mga nagcacashin dyan, ano po pinaka mura na fees kapag mag cash in at ano ang pinakamabilis base on your experience? Pa share naman po salamat

Cash in. Ako nag cacash in lang ako thru 7/11. Di ko sure kung sya yung pinaka mura basta ang alam ko sya yung pinakamabilis pagdating sa pag credit ng cash in mo. Pag cashout naman para maka mura is yung LBC naman. After mo mag process ng mga cash in or cash out mag magtetext na agad sayo wala pang 1-5 mins.

[Lassie]

Tanong lang po sa mga nagcacashin dyan, ano po pinaka mura na fees kapag mag cash in at ano ang pinakamabilis base on your experience? Pa share naman po salamat

Cash in. Ako nag cacash in lang ako thru 7/11. Di ko sure kung sya yung pinaka mura basta ang alam ko sya yung pinakamabilis pagdating sa pag credit ng cash in mo. Pag cashout naman para maka mura is yung LBC naman. After mo mag process ng mga cash in or cash out mag magtetext na agad sayo wala pang 1-5 mins.

subok ko na yung 7-11 kaso 100 pesos per transaction lang yun para makatipid so kung malaking amount baka mainis sayo yung cashier. kung gagawin ko naman isang transaction lang yung lets say 5000 pesos na cash in medyo mas mahal na e

[arielbit]

mga 4 days na after masubmit ko yung requirements, walang update yung coins.ph

- ang sabi after ko masubmit yung kailangan "We have already forwarded the information you provided to our Compliance team for review"

tapos finollow up ko

- ang sabi "I'll coordinate this with our Operations Team so they can assist you further with your concern. They will be the ones to respond to you with an update"

compliance team? operations team? hehe noong december 2017 nang matapos ko yung enhance verification ko, walang nag update sa akin, inassume ko na okay na kasi nagtiwala ako sa info ng site nila (trust and verification-level4)

this time i will expect an update and an answer kung hanggang kailan ang effectivity ng enhanced verification ko, para hindi yung bibiglain na lang ako na hindi makaka cash out.

[VitKoyn]

Tanong lang po sa mga nagcacashin dyan, ano po pinaka mura na fees kapag mag cash in at ano ang pinakamabilis base on your experience? Pa share naman po salamat

Cash in. Ako nag cacash in lang ako thru 7/11. Di ko sure kung sya yung pinaka mura basta ang alam ko sya yung pinakamabilis pagdating sa pag credit ng cash in mo. Pag cashout naman para maka mura is yung LBC naman. After mo mag process ng mga cash in or cash out mag magtetext na agad sayo wala pang 1-5 mins.

subok ko na yung 7-11 kaso 100 pesos per transaction lang yun para makatipid so kung malaking amount baka mainis sayo yung cashier. kung gagawin ko naman isang transaction lang yung lets say 5000 pesos na cash in medyo mas mahal na e

Yung 7eleven, cebuana saka touchpay pareho pareho lang ng fee yan kaibahan lang is 7eleven walang fee pag below 100 pesos which is good kung pakonti konti ka lang mag cash in. Hindi ko pa na try to pero tingin ko eto pinaka mura yung fee sa gcash and sabi naman sa coins.ph instant yung transaction so automatic na make-credit yung pera sa account mo. Lets say na mag cacash in ka ng 5000, ang fee lang is 40 tapos additional 10 para sa charge ng dragonpay para sa gcash. Which is 50% cheaper sa mga nabanggit ko na kapag 5000 cash in, 100 pesos yung fee. Na try ko palang na cash in method sa coins.ph is 7eleven saka cebuana pareho naman mabilis.

[eldrin]

Tanong lang po sa mga nagcacashin dyan, ano po pinaka mura na fees kapag mag cash in at ano ang pinakamabilis base on your experience? Pa share naman po salamat

Pinakamura, palawan pawnshop kasi kahit ilan ipasok mo, 40 pesos lang talaga ang cash-in fee mo unlike other options tsaka instant din naman to.

P40 lang din fee sa UnionBank Cash Deposit (same sa UnionBank Online Banking pero hindi ko pa nasubukan) kahit magkano ang icash-in mo (ang limit ay ang monthly cash-in limit mo) at ire-rebate pa yung P40 na yun, at based sa experience ko ay instant din ang process.

[arielbit]

ang alternative sa coins.ph cashout/cashin ay mag open kayo ng dollar account. tapos ienroll ninyo sa exchange na may dollar wire transfer for deposit and withdrawal..

next week update ko kayo about sa details..gawa ako ng thread kung mag work out ito.



note: maganda lang ito pag malaking amount na ang pinagusapan, above 1000$

[theyoungmillionaire]

dollar wire transfer for deposit and withdrawal..

As a former Customer Service Head (Retail Banking Group), wire transfer is not advisable due to AMLA requirements and will be filtered in Bank’s portals, with suspicious transactions. Any remittance that go thru wire transfer will be scrutinized as it is considered as red flag in most banks. These was due to Bangladesh incident, which resulted to a ₱1 billion fine against one of our banks here in the Philippines (I’m sure you know about this news).    

Opening dollar savings account is not easy nowadays. You need to provide proof of ownership with your dollar deposit (not hoarding dollar) and some banks don’t just accept I’m trading cryptocurrency – you will be rejected or need additional proof, like remittance from other countries (should not be one of the sanctioned countries), also, should be OFAC Negative. If you have frequent deposits and withdrawals with same low or high amount of dollars, it will also be a red flag. Your account will be submitted to Anti-Money Laundering Council (AMLC), the one who is handling R.A. No. 9160, also known as the “Anti-Money Laundering Act of 2001” (AMLA), as amended, and Republic Act No. 10168, also known as the “Terrorism Financing Prevention and Suppression Act of 2012”.

I used Palawan Pawnshop with Php50,000.00 limit and Php40.00 fee per transaction, open Monday to Sunday.

[arielbit]

dollar wire transfer for deposit and withdrawal..

As a former Customer Service Head (Retail Banking Group), wire transfer is not advisable due to AMLA requirements and will be filtered in Bank’s portals, with suspicious transactions. Any remittance that go thru wire transfer will be scrutinized as it is considered as red flag in most banks. These was due to Bangladesh incident, which resulted to a ₱1 billion fine against one of our banks here in the Philippines (I’m sure you know about this news).    

Opening dollar savings account is not easy nowadays. You need to provide proof of ownership with your dollar deposit (not hoarding dollar) and some banks don’t just accept I’m trading cryptocurrency – you will be rejected or need additional proof, like remittance from other countries (should not be one of the sanctioned countries), also, should be OFAC Negative. If you have frequent deposits and withdrawals with same low or high amount of dollars, it will also be a red flag. Your account will be submitted to Anti-Money Laundering Council (AMLC), the one who is handling R.A. No. 9160, also known as the “Anti-Money Laundering Act of 2001” (AMLA), as amended, and Republic Act No. 10168, also known as the “Terrorism Financing Prevention and Suppression Act of 2012”.

I used Palawan Pawnshop with Php50,000.00 limit and Php40.00 fee per transaction, open Monday to Sunday.

Bittrex suspicious? me suspicious? well they have to figure that out. ALMA? AMLC?.. the earlier they go to me the better so I get "cleared" on their list  

me getting rich is “Terrorism Financing" LOL   ...Filipinos should grow some balls, if you can hold BTC, why not USD?

in Bangladesh incident one or more bank employees are responsible here in the Philippines. it is not an individual or group of people who used the bank where the bank is an unknowing participant.

in my BPI account, it is stated that I'm a crypto currency trader.

Filipinos need this dollar account. if you sold BTC for 16,000$ in early 2018 will you let it sit inside the exchange? or put in in your USD savings? or 50-50 exchange and bank. cryptopia had a fiat in NZD trading-see?

question, di ba dollar ang pera may jurisdiction ba ang Philippine gov. sa USD mo?

pag isipan ninyo ito, pag nag cashout ka ng BTC sa coins.ph, may BTC na sila, saan nila kukunin ang fiat currency nila...dollar din sila nag cacashout  tapos mga Filipino dito hindi pwedeng mag dollar account sina coins.ph lang o kung sino pa man dyan?

[sheenshane]

Bittrex suspicious? me suspicious? well they have to figure that out. ALMA? AMLC?.. the earlier they go to me the better so I get "cleared" on their list 

I don't think you understand what theyoungmillionaire said about the wire transfer transaction in our financial system. S/he is not pertaining to trex or anything about it. Just state that it is not advisable.

me getting rich is “Terrorism Financing" LOL  :smile: ...Filipinos should grow some balls, if you can hold BTC, why not USD?

Again, it is not about you getting rich, it is about the financial system in our country s/he is saying.

in Bangladesh incident one or more bank employees are responsible here in the Philippines. it is not an individual or group of people who used the bank where the bank is an unknowing participant.

Clearly, you don’t understand what s/he said. It is the cause and do not take it exactly as it is that you will do or only bank staff will. Your level of intellect makes me puke.

in my BPI account, it is stated that I'm a crypto currency trader.

S/he said some banks, not all. Do you know BDO? They will automatically close your account if they know you are into cryptocurrency.

Filipinos need this dollar account. if you sold BTC for 16,000$ in early 2018 will you let it sit inside the exchange? or put in in your USD savings? or 50-50 exchange and bank. cryptopia had a fiat in NZD trading-see?

That is d*mb analogy. Why would you store your crypto on exchanges? You can just have hard wallet and transfer to your coins.ph the once you want to sell and transfer to your PHP bank account.

question, di ba dollar ang pera may jurisdiction ba ang Philippine gov. sa USD mo?

Another d*mb question, of course, you are a Filipino citizen. I.e. Pacman won in dollars in a foreign country, but still, he has obligations here in the Philippines coz we are in the Philippines and a Filipino Citizen.

@theyoung  only educated us on part of the banking system here in our country. Don’t take it personally.

[arielbit]

Just state that it is not advisable.

it is all about having balls/bayag

i'll just share it with you people if this works out okay  

BTW, read the part about "the exchange" I'm talking about the fiat (not crypto) being able to be withdrawn to your USD bank account and not being left in exchanges.

P.S. Fuck BDO

[crwth]

Just state that it is not advisable.

it is all about having balls/bayag

i'll just share it with you people if this works out okay 

BTW, read the part about "the exchange" I'm talking about the fiat (not crypto) being able to be withdrawn to your USD bank account and not being left in exchanges.

After reviewing the previous replies, I think you are feeling attacked kahit hindi naman dapat. @arielbit.

Your replies from the reply of theyoungmillionaire, he is just implying that it would be a lot easier to just cash in / cash out through Palawan Express (ganun din minsan cash in ko minsan) compared to opening a USD account in a bank. Personally, wala kong USD Based account and wala din akong balak kasi kaya din ako nag crypto in a way, to get transactions easier to other people kahit ibang bansa.

I see your point of view @arielbit, maybe you could show later your planned thread on how it works, maybe we could understand it better. I just don't understand na anong connection with "having balls/bayag". It's better to be safe than sorry, especially kung large amount katulad ng $1000, not everyone can afford that, buti pa ikaw.

Sa exchanges naman, I think it's okay to leave it there if you are still trading diba?

P.S. Fuck BDO

Ano ginawa sayo ng BDO at bakit galit ka?

[Lassie]

question lang sa mga nag uusap sa bandang taas, kapag ba nag withdraw ka ng USD mo galing sa mga exchanges papunta sa peso savings account mo automatic sya mag convert into pesos or hindi papasok? medyo baguhan ako sa ganitong usapin, curious lang po ako. salamat sa sasagot

[arielbit]

Just state that it is not advisable.

it is all about having balls/bayag

i'll just share it with you people if this works out okay  

BTW, read the part about "the exchange" I'm talking about the fiat (not crypto) being able to be withdrawn to your USD bank account and not being left in exchanges.

After reviewing the previous replies, I think you are feeling attacked kahit hindi naman dapat. @arielbit.

Your replies from the reply of theyoungmillionaire, he is just implying that it would be a lot easier to just cash in / cash out through Palawan Express (ganun din minsan cash in ko minsan) compared to opening a USD account in a bank. Personally, wala kong USD Based account and wala din akong balak kasi kaya din ako nag crypto in a way, to get transactions easier to other people kahit ibang bansa.

I see your point of view @arielbit, maybe you could show later your planned thread on how it works, maybe we could understand it better. I just don't understand na anong connection with "having balls/bayag". It's better to be safe than sorry, especially kung large amount katulad ng $1000, not everyone can afford that, buti pa ikaw.

Sa exchanges naman, I think it's okay to leave it there if you are still trading diba?

P.S. Fuck BDO

Ano ginawa sayo ng BDO at bakit galit ka?

hindi ito about sa maliit na halaga, para ito sa malalaking halaga. paano kung siniwerte ka? paano kung naging 10x 20x 30x yung crypto mo, paano kung may opportunity ka na nakita na sigurado kang makaka 2x or 3x ka at may pwede kang ipadalang 20k USD?....trading advantage ito

para ito sa "trading" with cash in at cash out....itry mo mag buy low sell high sa coins.ph, magkano ang selling and buying price (arbitrage)? sa bittrex magkano (bid-ask)?

para ito maging option sa pagcacashout sa coins.ph ng pera dahil nakikita ko na mas maliit ang mababawas sa pera mo.

again..pag nabenta mo ang BTC mo at 16,000$ noong early 2018, comfortable ka na nasa bittrex lang yun for 1 year? kung okay sa iyo eh di iwan mo doon. ako? hindi..at least mag 50-50 ako.

about feeling attacked? being called called dumb with puking effects hehe...I will not be surprised if people like this is somehow affiliated with coins.ph or just the typical Filipino talangka's out there..I'm sharing a trading move/advantage that coins.ph cannot offer, a cash out/cash in option, securing your dollars from exchanges by withdrawing it.

BDO..wala lang, kaya ng mga tao mag profit from crypto tapos haharangan nila...fuck them.

gagamitin ko pa rin ang coins.ph...baka pambayad ng bills hehe 

@ Lassie

USD savings bank account is a must. sa BPI 500$ maintaining balance

[theyoungmillionaire]

USD savings bank account is a must.

I disagree, USD savings bank account is not a must when you want to enter or invest in cryptocurrency. We can trade or venture in crypto without any USD savings account, having such account is or will only prevaricate cryptocurrency revolution’s idea of “be your own bank”.

sa BPI 500$ maintaining balance

Imagine you have to maintain Php 26,051.84 (current exchange rate) ADB, and when you fall below maintaining balance, you will be fine of Below Minimum ADB Fee amounting to $ 10.00. It is your own money; why do they charge you with your own money?  Ginigisa ka lang sa sarili mong mantika. We trust them with our money, bakit ang ballpen nila sa bank nakatali? Nanakawin ba natin?

Plus, people can’t afford what you are suggesting of a must USD savings bank account. You think people here have $500.00? People are here to get something that they cannot earn outside of this forum. Be realistic, my friend. It is not a must.

kapag ba nag withdraw ka ng USD mo galing sa mga exchanges papunta sa peso savings account mo automatic sya mag convert into pesos?

No. You still need to apply for forex conversion in your maintaining bank of account if you want it in your Peso account, and of course they have fees on that.

[arielbit]

USD savings bank account is a must.

I disagree, USD savings bank account is not a must when you want to enter or invest in cryptocurrency. We can trade or venture in crypto without any USD savings account, having such account is or will only prevaricate cryptocurrency revolution’s idea of “be your own bank”.

sa BPI 500$ maintaining balance

Imagine you have to maintain Php 26,051.84 (current exchange rate) ADB, and when you fall below maintaining balance, you will be fine of Below Minimum ADB Fee amounting to $ 10.00. It is your own money; why do they charge you with your own money?  Ginigisa ka lang sa sarili mong mantika. We trust them with our money, bakit ang ballpen nila sa bank nakatali? Nanakawin ba natin?

Plus, people can’t afford what you are suggesting of a must USD savings bank account. You think people here have $500.00? People are here to get something that they cannot earn outside of this forum. Be realistic, my friend. It is not a must.

kapag ba nag withdraw ka ng USD mo galing sa mga exchanges papunta sa peso savings account mo automatic sya mag convert into pesos?

No. You still need to apply for forex conversion in your maintaining bank of account if you want it in your Peso account, and of course they have fees on that.

kaya nga ang sabi ko kay Lassie ay USD savings account is a must kasi USD daw dapat ang sabi ni bittrex ang account mo..it is not about getting into crypto, I'll ask you now, if I sold 1 BTC @ 16,000 tapos may 16,000 usd ako ngayon, ilang BTC ang kaya kong bilhin ngayon? 4.x BTC di ba..ngayon kung may 4.x BTC ako tapos ikaw na naka "be your own bank" ay may 1 BTC lang dahil hindi mo kinonvert sa fiat noong 16k usd pa ang value...sino ang mas revolution sa ating dalawa?   uulitin ko trading..trading..TRADING.

uulitin ko......malaking pera ang pinag uusapan dito. tama ka sa maliit na halaga pag malaki mas magandang dumirekta ka sa USD kasi parang middleman na lang ang function ng coins.ph

there is an old saying "a frog in a well cannot conceive of the ocean" ..it is a big/wide beautiful world out there  

[sheenshane]

snip-
there is an old saying "a frog in a well cannot conceive of the ocean"

You cannot see the larger picture here of what the topic is about, you're like a frog in a well who don't have the ambition to go further in life. You are thinking locally and just that USD account opening is your way? You can transfer your bitcoin to coins.ph and deposit to your peso account amounting to 2million or whatever you want. By the way, you are getting off topic about shilling your bittrex/balls or frog blah blah blah Mr. frog. Read before you post that crap of yours.

it is all about having balls/bayag

P.S.: Ohh com' on, I have no balls, I ain't a man, I'm a pretty Lady.

[arielbit]

snip-
there is an old saying "a frog in a well cannot conceive of the ocean"

You cannot see the larger picture here of what the topic is about, you're like a frog in a well who don't have the ambition to go further in life. You are thinking locally and just that USD account opening is your way? You can transfer your bitcoin to coins.ph and deposit to your peso account amounting to 2million or whatever you want. By the way, you are getting off topic about shilling your bittrex/balls or frog blah blah blah Mr. frog. Read before you post that crap of yours.

it is all about having balls/bayag

P.S.: Ohh com' on, I have no balls, I ain'ta man, I'm a pretty Lady.

1 BTC present value

3607$ sell at bittrex 187564 peso convert (52=1)

182625 sell at coins.ph

and a more wider gap for buying BTC

imagine paying coins.ph that "arbitrage" when you enter BTC before the bull run starts....yeah keep sucking coins.ph tits kids.

HAHAHAHA  

[sheenshane]

snip-
imagine paying coins.ph that "arbitrage" when you enter BTC before the bull run starts....yeah keep sucking coins.ph tits kids.

Are you d*mb? How much is the trading fee?  .25%, right? no usd withdrawal fee? take note: 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 customer's 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-, you will still end up to like 180k crap. Ain't no banks giving free, how they will earn money if they don't have high fees Mr. Frog?

[arielbit]

snip-
imagine paying coins.ph that "arbitrage" when you enter BTC before the bull run starts....yeah keep sucking coins.ph tits kids.

Are you d*mb? How much is the trading fee?  .25%, right? no usd withdrawal fee? take note: 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 customer's 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-, you will still end up to like 180k crap. Ain't no banks giving free, how they will earn money if they don't have high fees Mr. Frog.

Tell me where coins.ph is selling their btc for fiat? It is in usd too and they get it in the bank..wrap your head around that.