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

[mirakal]

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.

I think they follow the same guidelines as they are both regulated by the BSP.
I tried to make a small deposit now from my electrum wallet to PDAX BTC wallet but it seems it has not reflected yet, transaction already have 7 confirmation as of now, so I think there's a little problem.

I only deposited a small amount to test,... you guys, please share your experience.

[Bttzed03]

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.

@maxreish maganda siguro kung sundan mo din discussion sa topic na sinimulan mo at i-update ito lalo na kung may kulang na data. Meron at meron kasi malilito nyan.

[shadowdio]

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.

So need pala ng KYC sa PDAX, ayaw ko pa naman na exchange yung need ng KYC kahit maliit lang wiwithdrawhin ko need pa rin ng KYC, hassle para sakin. Sino nakasubok na ng PDAX need pa rin ba ang KYC kahit maliit lang wiwithdrawhin?

[maxreish]

My mistake, sorry po mga kababayan hindi ko nga  po pala nasama yung litecoin sa listahan medyo malabo na kasi mata, but today i already insert it.

@Bttzed03 no problem mate, if ever may bagong pangyayari o maaring maidagdag i-update ko po ito.

For now, ito po pala ang facebook account ni PDAX https://m.facebook.com/pdaxph/

[harizen]

So need pala ng KYC sa PDAX, ayaw ko pa naman na exchange yung need ng KYC kahit maliit lang wiwithdrawhin ko need pa rin ng KYC, hassle para sakin. Sino nakasubok na ng PDAX need pa rin ba ang KYC kahit maliit lang wiwithdrawhin?

You can't expect na magkaroon tayo ng local centralized exchange or trading platform na walang KYC lalo na if based dito sa Pilipinas.

BSP and SEC won't allow that. We are talking about money here. If regulated naman sila at talagang commited sa service, I see no harm complying with their KYC but only if you read and understand all the terms and talagang gagamitin mo ang platform nila for your own purpose.

Will follow this platform. Tingnan natin if maging ok in the long run.

[rosezionjohn]

.

So need pala ng KYC sa PDAX, ayaw ko pa naman na exchange yung need ng KYC kahit maliit lang wiwithdrawhin ko need pa rin ng KYC, hassle para sakin. Sino nakasubok na ng PDAX need pa rin ba ang KYC kahit maliit lang wiwithdrawhin?

Kapag bagong sign up ka, pasok ka sa tier 0 at pwede ka mag-upgrade hanggang tier 4 para mas tumaas ang limit mo. Pwede ka pa naman mag-cashout kahit sa pinakamababang tier. Daily limit - Php1,000; Monthly limit - Php3,000; Annual limit - Php5,000

Eto yung buong table:


Edit:
Hindi pala pwede sa withdrawal ang tier 0, deposit lang ang pwede. Kailangan at least tier 1 para maka-withdraw kahit maliit lang na amount.

[bisdak40]

.

So need pala ng KYC sa PDAX, ayaw ko pa naman na exchange yung need ng KYC kahit maliit lang wiwithdrawhin ko need pa rin ng KYC, hassle para sakin. Sino nakasubok na ng PDAX need pa rin ba ang KYC kahit maliit lang wiwithdrawhin?

Kapag bagong sign up ka, pasok ka sa tier 0 at pwede ka mag-upgrade hanggang tier 4 para mas tumaas ang limit mo. Pwede ka pa naman mag-cashout kahit sa pinakamababang tier. Daily limit - Php1,000; Monthly limit - Php3,000; Annual limit - Php5,000

Eto yung buong table:

I applied for tier1 and it say's here "pending for review".

Ilang araw kaya ito ma-approve or deny"? Mayroon nabang nakasubok?

[rosezionjohn]

I applied for tier1 and it say's here "pending for review".

Ilang araw kaya ito ma-approve or deny"? Mayroon nabang nakasubok?

From https://support.pdax.ph/hc/en-us/articles/360031708011-How-do-I-upgrade-my-account-

5. Once done, click Submit. Our team will review your account upgrade request within 1 to 2 business days to ensure that all required IDs and/or documents are complied with. You will be informed of your account upgrade status through email.

[Theb]

Live na ba talaga yung exchange? 

Loaded after a few seconds.

Hmm siguro hindi sya accessible sa mga site visitor lang, di ako nag-register sa PDAX kasi tinitignan ko pa mga feedback nya. Kaya ko din binisita yung website nila pero sad to say that mukhang yung platform nila accessible lang sa mga registered members. Pero thank you nag provide ka ng screenshot ng platform nila and masasabi ko na similar sya sa theme/User interface na ginagamit ng karamihan na crypto exchange dito. Isang  sulyap nga kala coins.ph pro eh ahahaha.

[Tracyhev]

Nice may fiat exchange pala yan  may option na pamalit sa coins.ph sa pag cashout. Pano po ba magcashout dyan sa pdax? Kailangan ba ng bank account?

[mirakal]

Nice may fiat exchange pala yan  may option na pamalit sa coins.ph sa pag cashout. Pano po ba magcashout dyan sa pdax? Kailangan ba ng bank account?

Andoon sa taas, backread ka lang ng konte, or yet, make an account so you can explore the site.
I've already registered yesterday, applied for Tier 1 and still waiting for the approval, yung cash out method na nakita ko is ML, Cebuana, and SM lang, all of them are over the counter but of course I haven't tried it yet since the withdrawal is not instant.

Bank transfer option maybe added soon, let's bear with them dahil nasa beta stage pa lang naman ang exchange na ito.


On a side note, yung btc deposit ko pala kahapon, dumating na,, kaya lang mejo delay, di ako sure kung ilang confirmation needed dahil walang reply sa message ko, the only reply I get is when the deposit was credited.

[GreatArkansas]

Pwede na kayo maka log in at maka trade?
Sa akin kasi nag try ako mag register kahapon pero ito yung reply ng e-mail ng PDAX:



Nangyari sa akin yung parang sa Coins Pro, naka pila ako sa waitlist nila.
Ganito din ba una sa inyo nung nag sign up kayo sa PDAX? O baka bago lang yan dahil siguro madami na naunang naka pag sign up sa exchange nila?

[Bttzed03]

Pwede na kayo maka log in at maka trade?
Sa akin kasi nag try ako mag register kahapon pero ito yung reply ng e-mail ng PDAX:

Nangyari sa akin yung parang sa Coins Pro, naka pila ako sa waitlist nila.
Ganito din ba una sa inyo nung nag sign up kayo sa PDAX? O baka bago lang yan dahil siguro madami na naunang naka pag sign up sa exchange nila?

Huwag ka sa "join waitlist" mag-sign up. Meron ng direct registration link na binigay sa previous comment.
  

Live na siya. Pwede na mag-create ng account sa https://accounts.pdax.ph/register (kailangan ng mobile number)

[GreatArkansas]

Huwag ka sa "join waitlist" mag-sign up. Meron ng direct registration link na binigay sa previous comment.

Ayun, di ko nakita, lol. Thank you.

You can't expect na magkaroon tayo ng local centralized exchange or trading platform na walang KYC lalo na if based dito sa Pilipinas.

BSP and SEC won't allow that. We are talking about money here. If regulated naman sila at talagang commited sa service, I see no harm complying with their KYC but only if you read and understand all the terms and talagang gagamitin mo ang platform nila for your own purpose.

Will follow this platform. Tingnan natin if maging ok in the long run.

Ano kaya ang Abra ? Kasi nakasubok ako bumili at magbenta ng Bitcoin jan tapos naka withdraw pa ng PHP without asking any documents of mine or KYC.
Not sure in the future if dadaan ka sa KYC nila kasi naka multiple transactions na dito involving PHP and my bank accounts pero wala paring KYC.
Mapagkakatiwalaan kaya natin ang Abra?

I'm still not sure pag BSP approved sila basta ang sabi sa article nila ito:

Yes, Abra operates locally in the Philippines, and is properly registered with the SEC Philippines and other relevant entities as PLUTUS TECHNOLOGIES PHILIPPINES CORPORATION.

Parang naka registered sila sa ibang entity (see quoted)
Confused ako ngayon sa Abra? So pag registered sila under SEC Philippines, pwede na hindi sila magpa approve sa BSP ?

[Polar91]

Napakagandang update nito. Dahil sa pagdami ng mga licensed local exchange para sa crypto dito sa Pilipinas, mas nabibigyan ng oportunidad ang mga Pilipino na magte-trade ng crypto sa sariling atin nang legal at hindi tinatago. Dati kasi, nalolock account sa coins.ph kapag galing sa piling exchange yung BTC na dineposit mo specially kung malaking halaga. Good thing na dumadami ang sarili nating exchangers; atleast mas madali na mag-convert sa peso from crypto vice versa.

[Japinat]

Parang naka registered sila sa ibang entity (see quoted)
Confused ako ngayon sa Abra? So pag registered sila under SEC Philippines, pwede na hindi sila magpa approve sa BSP ?

No, every business that are form as corporation has to be registered with the SEC, and all those businesses that are in money services or what we called financial corporation has to be registered with the BSP at the same time, I think this is due to the AMLA (Anti money Laundering Act) which is under the monitoring of the BSP.

IIRC, before only Banks are requires to register with the BSP, but now they already include Pawnshops and other financial institutions including the crypto exchanges. SEC does not usually issue memos from time to time, it's the BSP that is actively issues memos and every businesses under its supervision has to comply with such issuance.

[Bes19]

Ayos yan kung registered talaga sila sa BSP atleast wala ng agam agam sa pag cashout pero ingat pa din sa pag cashout sa bangko kung ito ay big amount kasi pwede pa din yan makwestiyon.

[Russlenat]

Ayos yan kung registered talaga sila sa BSP atleast wala ng agam agam sa pag cashout pero ingat pa din sa pag cashout sa bangko kung ito ay big amount kasi pwede pa din yan makwestiyon.

It's normal, just be honest on where did you get the amount, basta hindi illegal, okay lang yan kabayan.
By the way, anyone here already verified their account and currently using their trading site?

Please share some feedback, it will help a lot.
I have note registered yet, still waiting if this is indeed a great exchange.

[ice18]

Ayos yan kung registered talaga sila sa BSP atleast wala ng agam agam sa pag cashout pero ingat pa din sa pag cashout sa bangko kung ito ay big amount kasi pwede pa din yan makwestiyon.

It's normal, just be honest on where did you get the amount, basta hindi illegal, okay lang yan kabayan.
By the way, anyone here already verified their account and currently using their trading site?

Please share some feedback, it will help a lot.
I have note registered yet, still waiting if this is indeed a great exchange.

Sa mga nakaexperience na jan meron nb? I want to try other options other than coinspro badtrip kasi jan pag cahsout mo kilangan mo pa maghintay ng 24 hrs or more nung huling cashout ko lagpas tlaga ng 24 hrs wala pa den kilangan ko pa magmessage sa support kaso nga lang yung support 10 hours bago magreply solved na ang problema hehe may account na den ako dito sa pdax kaso pansin ko lang walang volume as of now wala akong makita sa recent trades.

[Sanitough]

Ayos yan kung registered talaga sila sa BSP atleast wala ng agam agam sa pag cashout pero ingat pa din sa pag cashout sa bangko kung ito ay big amount kasi pwede pa din yan makwestiyon.

It's normal, just be honest on where did you get the amount, basta hindi illegal, okay lang yan kabayan.
By the way, anyone here already verified their account and currently using their trading site?

Please share some feedback, it will help a lot.
I have note registered yet, still waiting if this is indeed a great exchange.

Sa mga nakaexperience na jan meron nb? I want to try other options other than coinspro badtrip kasi jan pag cahsout mo kilangan mo pa maghintay ng 24 hrs or more nung huling cashout ko lagpas tlaga ng 24 hrs wala pa den kilangan ko pa magmessage sa support kaso nga lang yung support 10 hours bago magreply solved na ang problema hehe may account na den ako dito sa pdax kaso pansin ko lang walang volume as of now wala akong makita sa recent trades.

For me, not recommended ang site na ito, until now my account is still pending in tier one and I never receive an update of the status of my request, mas okay siguro ang coins pro and coins.ph compared dito, beta pa lang siya, baka maubos patience natin dito.