Post
Topic
Board Pilipinas
Re: Best way BTC>PHP?
by
mk4
on 20/08/2019, 01:31:22 UTC
Hi mjglgw,

sorry but can i ask you again please, what does yoour post means? I´m not good in tagalog...could you please translate it to me?

Would be really nice....
Have a nice day mate

Oh whoops. Automatically assumed that you can speak filipino.

Anyway, it completely depends. Transferring XRP from Binance to Coins.ph can be cheaper and faster due to the withdrawal fee being only 0.25XRP, but it really completely depends on how much you're planning on transferring. Always take note that Binance takes a 0.1% fee for exchanging assets (e.g. BTC <-> XRP). So depending on how much you're planning on withdrawing, it might be better to withdraw BTC from Binance to Coins.ph rather than paying unnecessary fees from converting your BTC to XRP, then withdrawing the XRP to Coins.ph. Again, because of that 0.1% fee. If you're planning on withdrawing a good amount, that 0.1% fee can eat up a good chunk of your funds.

^ Hope I explained that clearly enough.

Binance withdrawal and exchange fees: https://www.binance.com/en/fee/schedule