Post
Topic
Board Pilipinas
Merits 1 from 1 user
Re: Cheapest way to send php to the Philippines via bitcoin? (normie-friendly)
by
bL4nkcode
on 19/05/2020, 18:33:46 UTC
⭐ Merited by cabalism13 (1)
Not gonna try Abra as the people I send money to wouldn't know how to cash out.
My situation is simple. Even though I am familiar with bitcoin, the people I send money to aren't at all. Most Filipinos fall in that category.
In that case, why don't you just make a coins.ph account, of course, you need to comply with the KYC procedure, can't help but that's the proper way.
Send your bitcoins to your coins.ph account and ask the bank account of the person you know here in PH and send them using coins.ph.
That's the only way you can choose if the person you're going to send has zero knowledge in crypto.

Or, just be patient to teach them to understand bitcoins and tell them to create verified coins.ph account then sends your bitcoin (into their PHP wallet).
But of course, like what you had said, the conversion rate in coins.ph is very high compared to other exchange/wallets here in PH so it's the negative side that you need to take.

Lastly, forget of sending bitcoins, and just use western union for cross-border transfer.