Post
Topic
Board Pilipinas
Re: Best way BTC>PHP?
by
spadormie
on 19/08/2019, 14:54:29 UTC
Thanks for the replys. I don´t understand tagalog but i think the best way is what i choose here.
I joined coins ph because of there free withdrawal @ATM but this service is not available and no information for how long.

This might be the best way now, btc > coins btc wallet > coins ph > gcash
but for me not ideal. you get a bad price for the conversation + the 2% fee to gcash. at the end you have to pay about 4-6% (included conversation).
You can always try to withdraw your funds using other cryptocurrencies to lessen the price of the fee. Anyway, if you think that it's quite bad for you to withdraw your money using gcash. Remember that there are many ways for you to withdraw it using other options. You can try LBC padala, with 2 valid IDs you can withdraw your money. Unlike with GCASH, you'll be charged for 2%. Let's do a math. Let's say you have a $450 = P23,550.

With GCASH, the fee is 471 php that's quite a bummer.
With LBC, the fee is only 120 php.
Or you can try sending it to your bank account with no fee at all. There were some banks that I tried months ago that has no fee. Goodluck!