Quote from: Astvile on Today at 01:55:28 AM

Quote from: abel1337 on February 17, 2023, 06:54:23 PM

I saw the original post na nasa loob ng article complaining na ang taas ng bawas ng gcash sa pag convert ng peso to btc. Madaming speculations about dun like the spread , fees , etc. I don't know if totoo yung 5% fee nila pero if legit man yun ehhh napakalaki nun and marami naman tayong options to use kaya nakapag tataka na bago palang ang crypto feature nila is ganito na agad kalaki yung fee nila. I never see myself using this service even na active gcash user ako. I always prefer my own way of storing and buying btc.

Same thoughts. 5% fee for every swap is sobrang sakit talaga kahit na small volume lang yung iiswap mo is ramdam na ramdam mo yung spread what more if malakihan pa since madaming gusto mag invest sa crypto pero di marunong gumamit ng Binance or any other exchange may tendency na Gcash nalang ang gamitin nila and pagkaswap palang nila lugi na sila.

I am actually one of those people na sobrang nag lolook forward dito sa implementation ni GCash ng GCrypto. Gaya nga ng sabi nila, mas magiging accessible ito sa lahat ng tao given na halos lahat din ngayon gumagamit at may GCash application sa kanilang mobile phones. Not to mention, this will definitely garner more people in the crypto space which is a long-term advantage for all.

Pero for a 5% transaction fee, sobrang bigat nito especially if you are someone who transacts using high amounts of cryptocurrencies. I guess, medyo catered ito towards the newbies na bago lang sa space na to.

Though ito nga yung situation, it is nice na at least may alternative tayo na wallet. Hindi na lang si coins.ph ang main wallet na pwede nating gamitin for transactions, given na napaka stringent ng rules nila doon.