BTCexchange.ph | shutting down?

[bitgwapo]

 

Good day mga boss, just received an email from BTCexchange.ph that they will stop their service and permanently stay offline. Didn't really know why.. any info's about it? is it going to happen to other local bitcoin services or wallets here in Philippines?

 

[1714525857]

1714525857

[cardoyasilad]

Oo nga kakareceive ko lang din ng email auto convert na yung peso balance natin tapos hanggang may 1 na lang ang pag withdraw. Sa tingin niyo nalugi kaya yung site? Biglaan naman kasi.

[shuuk]

Im not sure it was the first email or did they send more before?

[bitgwapo]

tiningnan ko yung mga previous announcements, may announcement sa BSP regulations around February.. maybe they didn't comply some requirements mandated by BSP, just a thought... or I dunno.. I really have no idea..  the best guess I have. hehe. 

[Dabs]

BTCExchange.ph is a white label exchange, meaning it is based in another country and you can buy a license or something to operate in your own country or anywhere. Their volume shown on the site is worldwide for all exchanges connected to the main one.

We are sad to notify you of our intentions to stop our service. Your remaining peso balance has been converted to BTC as per our announcement on April 11. You will be able to withdraw your bitcoin to external wallets until May 1, after which the service will be shut down completely and taken offline.

We strongly urge you to withdraw your bitcoin IMMEDIATELY!

The team would like to thank you for your patronage.

It's a pity, since they are one of the few "real" exchanges, not based on one buy/sell price, but one where you can place bids above or below market.

[Adriane14]

Kababasa ko nga din sa  site, may iba pa ba?

[revenant2017]

Same same. Nakareceive ako ng email. Sayang naman. Mas maganda pa naman platform to para maconvert bitcoin ko into peso. Mukhang mapipilitan nanaman ako mag coinsph.

[Dabs]

Kung ayaw mo ng coins.ph meron naman rebit.ph (7 out of 10 times rebit gamit ko.)

[bitcoin31]

tiningnan ko yung mga previous announcements, may announcement sa BSP regulations around February.. maybe they didn't comply some requirements mandated by BSP, just a thought... or I dunno.. I really have no idea..  the best guess I have. hehe. 

Siguro nga boss ganyan ang nangyari sa BTCexchange.ph kaya sil magsasara hindi sila nakapasa o.hindi nila nacomply ang ibang requirements na kailangan. Wala namang dahilan para magsara sila kung kumikita sila sa paggaganyan pero baka isa ring posibility ay baka nalugi ang company nila. Pero huwag namang mag aalala meron pa naman tayong pwedeng bilhin at palitan nang bitcoin coins.ph maganda ang service kapag verified ang account mo doon pero kung ayaw mo magpasa ng selfie with ID meron namang rebit.ph para ipalit mo ang jyong bitcoin. Never pa ko nakagamit ng site na yan.

[Wesimon]

tiningnan ko yung mga previous announcements, may announcement sa BSP regulations around February.. maybe they didn't comply some requirements mandated by BSP, just a thought... or I dunno.. I really have no idea..  the best guess I have. hehe. 

Siguro nga boss ganyan ang nangyari sa BTCexchange.ph kaya sil magsasara hindi sila nakapasa o.hindi nila nacomply ang ibang requirements na kailangan. Wala namang dahilan para magsara sila kung kumikita sila sa paggaganyan pero baka isa ring posibility ay baka nalugi ang company nila. Pero huwag namang mag aalala meron pa naman tayong pwedeng bilhin at palitan nang bitcoin coins.ph maganda ang service kapag verified ang account mo doon pero kung ayaw mo magpasa ng selfie with ID meron namang rebit.ph para ipalit mo ang jyong bitcoin. Never pa ko nakagamit ng site na yan.

Kung compliance lang din nman ang problema eh bat hindi nila icomply db. Minsan kasi hindi nman ganoon kastrikto ang government sa mga ganyang bagay eh. kung makareceive sila ng letter from BSP edi icomply nila. Since hindi naman ata about sa compliance ang dahilan, kasi kung iyon eh andali ng solusyon diba, posible nga na bankrupt sila o pabankrupt na at hindi na kayang ituloy ung services nila.

[Russlenat]

mukhang nalulugi na siguro sila kaya nagsara.

[Questat]

Ang account ko nasa coins.ph lang, sino bang mas sikat coins.ph or rebbit? Gusto kung subukan yung isa..

[Dabs]

I don't know... If the word you are using is "sikat", then probably coins.ph is "mas sikat". Pero mas gusto ko gamitin ang rebit.ph kasi naiinis ako madalas sa coins.ph at madalas hindi worth it sa aken maski mas mura ang exchange rate nila minsan.

[revenant2017]

Kung ayaw mo ng coins.ph meron naman rebit.ph (7 out of 10 times rebit gamit ko.)

Thanks. Try ko to. Nakakadala kasi coins ang hilig nilang maglock ng account pag malaki ang iwiwithdraw mo.

[HatakeKakashi]

Kung ayaw mo ng coins.ph meron naman rebit.ph (7 out of 10 times rebit gamit ko.)

Thanks. Try ko to. Nakakadala kasi coins ang hilig nilang maglock ng account pag malaki ang iwiwithdraw mo.

Bakit naman bro nalolock ang account mo sa coins.ph? Ako never pa ko nakaexperienced nang mga ganayang sitwasyon na lock ang account ko. Baka kasi kaya nalalock ang account mo po ay dahil dahil galing ang bitcoin mo sa gambling talagang madedetect nila yun. Kung malaki ang winiwidraw mo bakit naman nila sasarhan yung account mo diba . Dyan sila kumikita natutuwa pa nga sila kapag nagwiwithdraw ka kasi nagbabayad ka ng transaction fee .

[1mGotRipped]

mga boss nagtitingin ako ng maganda/mas mureang btc exchange dito sa pilipinas. at nakita ko nga tong btcexchange.ph nagooperate na ba sila uli? nakapag register ako at mukang mas maganda nga itong gamitin kesa sa coins.ph na sobrang baba ng conversion nila btc to php. di hamak na mas maganda ang rates dto sa btcexchange.ph . pa confirm po kung pwde na uli gamitin ang platform na ito. salamat

[Dabs]

https://www.btcexchange.ph/Home/News##shuttingdown

[sonny rib]

What's happening on btcexchange.ph?
I can't access the website since a month ago, also I trying to send email to their customer support but its always failure.

Does everyone here can access btcexchange.ph's site?


Wait for your respond,
Sonny rib hartantha.

[david_crypt]

Hi,

I'm not able to withdraw my BTC on btcexchange.ph.

Is still something I can do to transfer it to another exchange or withdraw it?

Please help.