[PDAX] is now live for trading for Philippine users.

[maxreish]

Sa tingin ko magandang balita ito kaya minarapat kung ishare po dito.
Ayon po kasi dito sa site na to, isa ito sa bagong Virtual Currency Exchange sa Pilipinas
na lisensyado ng ating Bangko Sentral(BSP)

Supported coins:

• BTC
• ETH
• Bitcoin Cash
• Litecoin
• XRP
• Stellar
• Trading to PHP

“We are proud to say that on PDAX, investors will be able to invest in the cryptocurrencies they want at the lowest prices on the market. People can already head over to our website www.pdax.ph and see and compare our prices live.”

[jorenpo]

kung lisensyado nga to ng bsp magandang balita talaga to. ibig sabihin ba ay pwede na mag cash out direkta sa banko na hindi makwekwestion.

as of now nasa beta stage palang ata sila. need pa mag join sa waitlist

[mcnocon2]

Yes nabasa ko din ito sa isang artikulo na live na sila ngayon at lisensyado din sya ng BSP. Sana ay mas mura ang transaction fee dito kumpara sa coins.ph at coins.pro para naman mapilitan ang kabilang kompanya na babaan din ang mga fees para makipaglaban sa PDAX at patuloy-tuloy na ang pagdagsa ng mga exchange dito sa Pilipinas.

[bisdak40]

kung lisensyado nga to ng bsp magandang balita talaga to. ibig sabihin ba ay pwede na mag cash out direkta sa banko na hindi makwekwestion.

Baka nga brad na pwede na ito i-direct cash-out sa bank account mo pero if you transfer large sum of amount in your account, tatanungin ka pa rin siguro ng banko mo.

ATM, nasa beta stage pa sila, sana operational na sila sa madaling panahon para naman may competition na si coins pro  .

 

[meanwords]

kung lisensyado nga to ng bsp magandang balita talaga to. ibig sabihin ba ay pwede na mag cash out direkta sa banko na hindi makwekwestion.

as of now nasa beta stage palang ata sila. need pa mag join sa waitlist

Hindi din natin masasabing hindi ito ma kekwestion ng Banko kasi syempre, kukuha sila ng information regarding kung saan ka nakakakuha ng cryptocurrency. Kung malaki naman ang amount, baka magkaproblema kapa dito. Kung baga centralized ang exchange na ito at pwede kang ma monitor ng gobyerno natin.

Regardless kung ano man ang mangyari, magandang news parin ito kasi bank-licensed na siya which means it is trusted. Baka maging way pa ito para mag invest yung mga nag babalak palang sa ngayon.

[mirakal]

Great news, hopefully this will be able to compete with https://pro.coins.asia/, which until now I wasn't able to create an account yet.
This new one, I already join the wait list as I like to experience trading in an exchange that is licensed in the Philippines, hopefully we will be able to see some great liquidity here and this one become a threat to the coins.ph.

[Bagani]

Great news, hopefully this will be able to compete with https://pro.coins.asia/, which until now I wasn't able to create an account yet.
This new one, I already join the wait list as I like to experience trading in an exchange that is licensed in the Philippines, hopefully we will be able to see some great liquidity here and this one become a threat to the coins.ph.

Hindi ba licensed ang coins pro dito sa Pilipinas, just curious? But yes still napakagandang improvement nito sa cryptocurrency enthusiasts dito sa Pilipinas. Magkakaroon ng kakompetensya ang coins.ph at mapipilitan silang ibaba ang kanilang mga fees para mas mahigitan pa ang kakompetensya. And at the same time, sa tingin ko mas magiging active na ang live chat support ng coins.ph kasi matatakot sila na baka maungusan ng iba.

[mirakal]

Great news, hopefully this will be able to compete with https://pro.coins.asia/, which until now I wasn't able to create an account yet.
This new one, I already join the wait list as I like to experience trading in an exchange that is licensed in the Philippines, hopefully we will be able to see some great liquidity here and this one become a threat to the coins.ph.

Hindi ba licensed ang coins pro dito sa Pilipinas, just curious? But yes still napakagandang improvement nito sa cryptocurrency enthusiasts dito sa Pilipinas. Magkakaroon ng kakompetensya ang coins.ph at mapipilitan silang ibaba ang kanilang mga fees para mas mahigitan pa ang kakompetensya. And at the same time, sa tingin ko mas magiging active na ang live chat support ng coins.ph kasi matatakot sila na baka maungusan ng iba.

I think they are license but until now they are still in BETA stage, they are not live yet unlike this PDAX which announced that they will be live.
Coins.ph conversion spread is very high compared to the standard rate, if we will be able to trade in this exchange at a competitive rate, I think people will leave coins.ph and we will focus here, especially if we have some features like coins.ph are giving us, ie. cash out through bank and remittances.

[rosezionjohn]

kung lisensyado nga to ng bsp magandang balita talaga to. ibig sabihin ba ay pwede na mag cash out direkta sa banko na hindi makwekwestion

Pwede ang online withdrawal sa Union Bank ayon sa PDAX Support

ATM, nasa beta stage pa sila,

Live na siya. Pwede na mag-create ng account sa https://accounts.pdax.ph/register (kailangan ng mobile number). Base sa comment sa twitter, may issue pa yata sa mobile verification.

Hindi ba licensed ang coins pro dito sa Pilipinas, just curious?

Licensed ng BSP. Makikita mo listahan dito LIST Cryptocurrency exchanges in the Philippines

Live Exchanges
1. Coins Pro - Supported Pairs: BTC, BCH, ETH, XRP (to PHP)
2. VHCEX - Supported Pairs: BTC, ETH, VHC, VHW, OSE, HWGL, OVO, XEM, OSV, REVS (to PHP)
3. PDAX - Supported pairs: BTC, ETH, LTC, BCH, XRP, and XLM (to PHP)

Under development/Beta
1. Coinvil
2. Juan Exchange
3. B-Expro/B-Express
4. Citadax
5. GOW Exchange
6. Bitan MoneyTech

NOTE: Ang mga nasa listahan ay mga palitan na aprubado ng Bangko Sentral Ng Pilipinas.

[rhomelmabini]

For sure they will be great competitor sa coins.pro kasi pag mga bagong bukas what they target ay ang market. And it is good since we have options where to trade our money ang magkakaroon pa tayo ng trade-offs kung saan may mababa yung fees or pagdating naman sa transaction kung saan walang hassle or if which one has better costumer service.

Philippines grants licence to PDAX crypto exchange
Mukhang mahigit 1 year na pala sila, I don't know what are the processes they've made na umabot pa ganito katagal but still na Philippines is in the path to legalize digital assets. Not to mention, bakit kaya wala na ang Litecoin sa mga supported coins nila at ang Stellar (XLM) na ang pinalit?

[jhenfelipe]

Ang pinaka gusto ko dito ay 'yong Instapay na cash out, no hassle na, direct agad sa Bank Account. Malaking advantage nila 'to, sa coins.ph kasi PESONet lang gamit. Sana maganda ang service nila, looking forward.

Other source ng news: https://business.mb.com.ph/2018/09/15/bsp-grants-first-license-to-virtual-currency-exchange-operator/

Hindi ba licensed ang coins pro dito sa Pilipinas, just curious?

Licensed. Ang coins.ph ay registered sa BSP, at yung Coins Pro ay product ni coins.ph.

[rosezionjohn]

For sure they will be great competitor sa coins.pro kasi pag mga bagong bukas what they target ay ang market. And it is good since we have options where to trade our money ang magkakaroon pa tayo ng trade-offs kung saan may mababa yung fees or pagdating naman sa transaction kung saan walang hassle or if which one has better costumer service.

Yes, yung pagbaba din ng fees ang inaasahan ko sa pag-launch ng mga lokal na palitan. Sana bilisan na din nila development ng coins pro, hanggang ngayon beta pa din. Ang dami na yata nila kinikita pero mukhang hindi makahanap ng developer para mapabilis ang official launching.

Not to mention, bakit kaya wala na ang Litecoin sa mga supported coins nila at ang Stellar (XLM) na ang pinalit?

Meron. Hindi lang nakita ni OP sa article a pinagbasehan niya. Ito yung quoted statement:

Licensed by the Bangko Sentral ng Pilipinas (BSP) as a virtual currency exchange, PDAX offers BTC, Ethereum, Litecoin, Bitcoin Cash, XRP, and Stellar for trading with PHP (Pesos). PDAX (company name Fyntegrate) is one of the few companies legally allowed to facilitate the exchange of cryptocurrency to fiat in the Philippines.

[rhomelmabini]

Licensed by the Bangko Sentral ng Pilipinas (BSP) as a virtual currency exchange, PDAX offers BTC, Ethereum, Litecoin, Bitcoin Cash, XRP, and Stellar for trading with PHP (Pesos). PDAX (company name Fyntegrate) is one of the few companies legally allowed to facilitate the exchange of cryptocurrency to fiat in the Philippines.

Akala ko ni-removed na nila as at the OP hindi siya nakalagay. Thanks for correcting that one @rosezionjohn.

Sana bilisan na din nila development ng coins pro, hanggang ngayon beta pa din. Ang dami na yata nila kinikita pero mukhang hindi makahanap ng developer para mapabilis ang official launching.

I guess ang problem is there are few good developers ang nasa 'Pinas just assuming na ganoon nga ang nangyayari. If they'll be slacking for sure mauunahan sila sa arangkada ng PDAX dahil as of now live na sila.

[Theb]

Live na ba talaga yung exchange? Nag wait ako ng 10 minutes para mag load yung platform nila pero wala pa din. I tried several workarounds already at ganun pa din sinubukan ko sa Chrome and Firefox browsers ko triny ko na din i clear up yung cache and cookies ko pero stuck pa din ako sa loading screen. Hindi din ito problem ng internet ko kasi naka Fibr ako at 25 mbps other sites are loading fine. Kung live na sya at ganito kabagal yung loading time niya hindi sya ganun ka reliable for any trader, I wouldn't risk my money inside of this exchange for now kung wala pa syang stable interface mahirap na mastuck ang position mo kung gusto mo na itong itrade.

[rosezionjohn]

Live na ba talaga yung exchange? 

Loaded after a few seconds.

[mirakal]

Pwede ang online withdrawal sa Union Bank ayon sa PDAX

I hope they will add more banks, unionbank have smaller branches compared to other banks.
In our area, I only have BPI, China, Metrobank, and BDO, so hopefully they will also add these banks, may kulang pa diyan, the one that we usually use which is the LBC cashout, mas instant kasi yun at mas mura.


Signing up now, ....

[bisdak40]

Pwede ang online withdrawal sa Union Bank ayon sa PDAX

I hope they will add more banks, unionbank have smaller branches compared to other banks.
In our area, I only have BPI, China, Metrobank, and BDO, so hopefully they will also add these banks, may kulang pa diyan, the one that we usually use which is the LBC cashout, mas instant kasi yun at mas mura.

Sana rin i-add nila yong favorite kong method sa cash-out na Gcash, instant at 24/7 pa.

Hope also that PDAX would have a representative here to answer our questions, hindi natin maiiwasan yan dahil bago pa yong exchange.

Signing up now to feel the experience of this new exchange.

[samcrypto]

This is indeed a good news and worth to share, and since license sya under BSP I’m sure secured ang pera naten dito. Sana lang maganda yung service nila and yung instant cash-out direct to the bank accounts sa tingin ko malaking advantage nila ito at sana maliit lang ang fees ng withdrawal.

[Japinat]

Maganda ito, and mukhang mas mataas ang rate ng covertion compared sa coins.ph.
They also have over the counter cash out, like SM bills payment, ML, and Cebuana but unfortunately these are not instant, it's say "waiting time 1 day", I think we all don't like that when the charge is also high. Online transfer is way better, hopefully they'll be able to add that.

[GreatArkansas]

Sa mga ibang sabik na sabik na sa PDAX jan, mas nakakabuti ma bago tayo mag sign up at basahin muna ang Term & Conditions ng PDAX, baka magulat kayo magkaproblema account niyo in the future at maipit funds niyo.
PDAX Term & Conditions : https://beta.pdax.ph/terms


Curious ako pagdating sa KYC ng PDAX, if strikto din ba sila or sino mas strikto sa kanila ni coins.ph.
Basahin niyo TERM & CONDITIONS nila, dami nakapaloob jan.