BINANCE to COINS.PH

[Peanutswar]

Due to increase of XRP ay medyo napapa isip na ako mag invest ulit, im a fan of XRP and BTC and usually gumagawa lang ako ng transaction sa pag convert is sa coins. Now im planning na mag send kay Binance ng BTC and spot trade ko sya as XRP.

Transaction flow :
Electrum > Binance > Coins.ph

Here is my question now.

1. Need ba ng KYC sa binance if you are just a low time investor/trader?
2. Safe ba gamitin na mag send ng xrp (or even other coins such as eth, and bch) to Coins.ph?
3. Is someone naka encounter na ng issue regarding sa ganitong transaction?


Will locked this thread soon.

[arwin100]

Due to increase of XRP ay medyo napapa isip na ako mag invest ulit, im a fan of XRP and BTC and usually gumagawa lang ako ng transaction sa pag convert is sa coins. Now im planning na mag send kay Binance ng BTC and spot trade ko sya as XRP.

Transaction flow :
Electrum > Binance > Coins.ph

Here is my question now.

1. Need ba ng KYC sa binance if you are just a low time investor/trader?
2. Safe ba gamitin na mag send ng xrp (or even other coins such as eth, and bch) to Coins.ph?
3. Is someone naka encounter na ng issue regarding sa ganitong transaction?


Will locked this thread soon.

Gawain ko to always at di need ng KYC kapag maliitan lang naman ang transaction and so far wala akong na encounter na issue sa pag transfer ng btc sa binance at nag exchange to xrp then sinend ko sya sa coins.ph kaya ayos lang yan OP basta make sure na tama lang ang address na pag sesendan mo para iwas aberya.

[mirakal]

Bihira na rin akong mag trade pero so far naka pag trade naman ako sa Binance na hindi unverfiied ang account ko, at hindi lang isa ang account ko sa Binance, may accounts rin kasi na sa mga kakilala ko pero ako ang nag a access minsan, kaya same IP per hindi naman sila strikto pagdating diyan.

Ito nakita ko, pero di ko sure kung ganon pa rin until now.

https://news.bitcoin.com/6-cryptocurrency-exchanges-that-dont-require-kyc/

For now, though, spot trading can be accessed without requiring KYC, and you can withdraw up to 2 BTC per day.

[Maus0728]

1. Need ba ng KYC sa binance if you are just a low time investor/trader?

https://news.bitcoin.com/6-cryptocurrency-exchanges-that-dont-require-kyc/

For now, though, spot trading can be accessed without requiring KYC, and you can withdraw up to 2 BTC per day.

@mirakal is correct. You can always trade without being KYC verified unless otherwise you are going to utilize Binance P2P Platform. Doon nagrerequire sila ng KYC for security and safety purposes for both buyer and seller pero kung mag te-trade ka lang nang hindi lalagpas ng 2 BTC yung withdrawal mo -- you can trade your coins freely.

2. Safe ba gamitin na mag send ng xrp (or even other coins such as eth, and bch) to Coins.ph?

As far as I know safe naman unless otherwise you are constantly transferring coins from gambling site to coins.ph or vice versa. Kasi based sa mga nabasa kong previous cases dito sa local section natin, may ilang members na nasuspend yung account due to transactions which involves gambling activities (galing sa gambling site.) Though I've never experienced such case kahit na nagtransfer ako ng BTC from gambling site to coins a few times. But still, I do not recommend to do it lalo na kapag madalas tapos against pa sa TOS nila.

(c) Gambling: Online gambling, lotteries, casinos and informal gambling, gaming operations, sports betting, and other games of chance and forms of speculation;

[Vaculin]

(c) Gambling: Online gambling, lotteries, casinos and informal gambling, gaming operations, sports betting, and other games of chance and forms of speculation;

They all have the reason to suspend your account anytime once your are using your coins.ph for gambling transactions. Personally, ginagamit ko rin ang coins.ph ko sa gambling kasi madali lang gamitin ang xrp, mura ang fee at mabilis, pero tama may risk din, kung kaya mo i take ang risk, go ahead.

[chaser15]

Here is my question now.

1. Need ba ng KYC sa binance if you are just a low time investor/trader?
2. Safe ba gamitin na mag send ng xrp (or even other coins such as eth, and bch) to Coins.ph?
3. Is someone naka encounter na ng issue regarding sa ganitong transaction?


Will locked this thread soon.

Ok na ba ito OP?

1. KYC is not necessary for Standard Accounts. Up to 2BTC is ok ng limit para sa average trader and mga nagsisimula pa lang.

2. Safe 100%. Nasa exchange na lang ang magiging problema.

3. Delayed reflect sa wallet ang kadalasang kaso pero di naman palagi nangyayari. Basta make sure lang na i-double check kung tama ang sending at receiving address.