Post
Topic
Board Pilipinas
Re: Cheapest way to send php to the Philippines via bitcoin? (normie-friendly)
by
Shimmiry
on 25/05/2020, 04:47:00 UTC
Any other alternative you guys are aware of?

Uhm tingin ko hindi normal tong way ko para makareceive ng crypto through coins.ph. Di ko ginagamit yung Bitcoin for transfers kasi sobrang taas nga naman ng kain ni Coins sa fees nito.

Why not try receiving XRP instead?
Napansin ko lang kasi na sobrang mura to almost walang transaction fees ang Coins pag Ripple ang ginamit, and it can be also easily converted sa PHP. Ilang beses ko na ginagawa tong ganitong way and I think eto yung pinakabest way kung gusto natin makatipid sa every transactions natin.

You can trade your btc to USD in Bittrex and you can send send that USD to a bank account in the Philippines, provided the receiver has a dollar account.
This is quite complicated, but if you are sending a big amount, you ca save with the conversion as an exchange uses a standard exchange rate.
I am not sure with the fee though from bittrex to a dollar bank account in the Philippines but I'm sure it's not that high.. I made a transaction before from bittrex to my BPI dollar account.

I think fees would be high sa Bittrex to banks, and kasi banks do also requires huge fees lalong lalo na kapag international exchange rates ang pinaguusapan and AFAIK huge amounts lang tatanggapin neto and not good nor friendly for transactions na mabababa lang ang amount.