Re: Alternative for BTC cash in and cash out [USD bank account in the Philippines]
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-
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.
Parehas pala tayo, tol... ganyan din ang aking ginawa at saka mas simpleng gamitin ang binance kumpara sa bittrex sa aking palagay iyan. Well, $16.93 na fee ay kalakihan na rin pero sa tingin ko ay ok na rin kung walang tsetse buretse.
You don't need to do this if you are not earning enough money.
5% less versus the current exchange rate is nothing if you are just making like 10K pesos per month.
But, if you are making at least a million per year or even half of it, 5% is already a material amount.
Let's compute, with coins.ph exchange rate (it's less 5% of the standard rate), so in a year if you cash out for 1 million pesos, 5% is already PHP 50,000 and that is material to me considering I can still enjoy that Php 50,000 in some other fun activity, or even using it to help your relatives or family.