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Author Topic: Alternative for BTC cash in and cash out [USD bank account]  (Read 1770 times)
arielbit
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February 12, 2019, 02:55:08 AM
Last edit: February 12, 2019, 03:24:16 AM by arielbit
Merited by Ipwich (1)
 #1

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)





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arielbit
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February 12, 2019, 02:56:26 AM
Last edit: February 12, 2019, 03:25:03 AM by arielbit
 #2

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arielbit
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February 12, 2019, 02:56:39 AM
Last edit: February 12, 2019, 03:25:19 AM by arielbit
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February 12, 2019, 03:27:09 AM
 #4

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.  

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February 12, 2019, 03:35:22 AM
Last edit: February 16, 2019, 10:43:52 PM by mprep
 #5

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.
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February 12, 2019, 04:37:53 AM
 #6

@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?
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February 12, 2019, 04:53:57 AM
 #7

@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.
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February 12, 2019, 06:34:11 AM
 #8

@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?
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February 12, 2019, 06:52:13 AM
 #9

@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.
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February 12, 2019, 09:09:47 AM
 #10

@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?
arielbit
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February 12, 2019, 12:41:56 PM
 #11

@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.
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February 14, 2019, 12:24:01 PM
 #12

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.
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February 17, 2019, 08:56:32 AM
 #13


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?

Happy Coding Life Smiley
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February 17, 2019, 10:43:04 AM
Last edit: February 17, 2019, 10:59:50 AM by arielbit
Merited by Ipwich (1)
 #14

@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.



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.



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February 22, 2019, 07:05:32 AM
 #15


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!

Happy Coding Life Smiley
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February 28, 2019, 05:27:20 AM
 #16

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.

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February 28, 2019, 05:35:35 AM
 #17

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?





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February 28, 2019, 05:37:21 AM
Last edit: March 02, 2019, 08:08:56 AM by Ipwich
 #18

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.

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March 05, 2019, 10:28:14 AM
 #19

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?

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March 05, 2019, 01:20:04 PM
Last edit: March 05, 2019, 01:33:40 PM by arielbit
 #20

@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.

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).
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