PDAX is the Philippines' homegrown cryptocurrency exchange that is licensed by the Bangko Sentral ng Pilipinas (BSP). Established in 2017, PDAX enables both beginner and seasoned traders to trade the world’s biggest digital assets like bitcoin directly with Philippine Peso (PHP) at the most competitive prices.
I recently sent about $200 using bitcoins to a contractor in Philippines from India, and the whole thing could not have been simpler.
Transaction fees came out to about 1%, or less. My contractor withdrew his money using cardless ATM, and this service has no fee associated with it. So basically, I could make an international money transfer without any real fee. The bitcoin to Philippine Peso exchange rate was almost equal to the market rate. I used the services of coins.ph, but there is also rebit.ph, with similar system in place. So all i had to do was create a coins.ph account, add bitcoins to it, verify my name etc by adding drivers licence etc and thats it, I could ask for cardless ATM withdrawal to about 450 ATM's spread all over Philippines, even in smallest islands. My contractor had no clue about bitcoins at work: he only got crisp Peso notes. Its amazing Philippines has such a service, because I can't imagine India having anything so smooth. Or any country that I know of.
There is a proposed E-peso bill in the Philippines to leverage off of Bitcoin tech and create a national digital currency. I'm reading it and I still can't believe the word "Bitcoin" is there and not attached to the "illegal" or "criminal". We've truly come a long way in such a short span of time!
How to Buy Bitcoin with a US bank account while Living Abroad??
This is something I have been trying to figure out for a while. I want to simply use bitcoin or another cryptocurrency for remittances to myself (one of the classic uses), however it seems impossible. I live, and am a permanent resident of the Philippines, but I maintain a US bank account. I have no current US drivers license or state ID, I only have a US passport. I have no actual residence in the US since I lived for 10 years in Philippines already. But I use a family member's US address for some things. I am never able to get verified on any US-based crypto exchange because I cannot prove residence, I have no state ID, and my ip address is sketchy (either it's a Philippines IP address or it's a VPN address). Basically, it never works, I have tried a lot, but I can't buy from a US exchange. I do have an account with a Philippines cryptocurrency exchange, however, they do not accept US dollars from a US bank account, only Philippines pesos from a Philippines bank account. Since I want to use crypto for remittance, this defeats my purpose. Open to any ideas that anyone in the community may have. Just don't message me asking me to send you my dollars and you will promise to send me bitcoin, haha.
Coins.ph is a Philippine-made virtual wallet founded in 2014 by Silicon Valley entrepreneurs Ron Hose and Runar Petursson. It is the first virtual currency provider in the country to be licensed by the Bangko Sentral ng Pilipinas (BSP) with a Virtual Currency Exchange license. This platform allows its users to top up prepaid load; send and receive money; pay bills; avail game credits; store and convert cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Etherium (ETH), and Ripple (XRP). Almost 5 Million customers have been using the platform in various transactions since 2014. Since it is regulated and licensed by the Central Bank of the Philippines, safe and secure ways to make digital payments, as well as cryptocurrency buy and sell services is guaranteed to its users. We are subject to the rules and regulations set forth by the BSP and the Anti-Money Laundering Act (AMLA). Under strict regulatory requirements, we operate with a very high level of security, with industry-standard measures such as SSL connections to AES-225 Encryption. - Coins.ph Support Team https://support.coins.ph/hc/en-us/articles/360000274842-Is-Coins-ph-safe This can be simply accessed by downloading the App directly from App Store or visiting the link: https://coins.ph Now, let's talk about the Pros and Cons of this platform. PROs : • Cash in and cash out are almost available with over 33,000 partner location throughout the country. Cash In options includes E-wallet (Coins.ph, GCash, Globe GCASH via Dragonpay, PayMaya Philippines, Inc.); Online Bank Transfer; Over-the-Counter Banking (BPI, Chinabank, UnionBank Cash Deposit); Remittance Center (Bayad center, Cebuana Lhuillier, LBC Bills Xpress, M Lhuillier ePay, Palawan Pawnshop, PeraHub, Tambunting Pawnshop); Department Stores (Robinsons Business Center, SM Bills Payment Center); International Options (Remitly, Ria Money Transfer, WorldRemit); and Kiosk Payment (Posible, TouchPay Kiosk, eTap Deposit) For Cash Out, options includes Remittance Center (LBC Instant Peso Padala, Palawan Express Pera Padala, M Lhuillier Cash Pickup); Banks; E-wallets (GCash, GrabPay PH, PayMaya); Cash Cards (Coins.ph, BDO, RCBC, Smart Money Card); Door-to-door delivery (LBC Pesopak); Tollway Credits (Autosweep RFID, Easytrip NLEX Toll); and Cardless ATM Instant Payout available 24/7. • No banks needed to make e-payments • Account Verification through App or website • Easy buying, selling, sending and receiving cryptocurrencies (Bitcoin, Bitcoin Cash, Etherium, Ripple) • User-friendly interface • Lots of Promotion like instant 10% cashback on prepaid load (rebate); P5 cashback for each unique bill payment and P100 cashback for 5 unique bills; 1:1 pricing for all game credits; sending funds to any bank account via instaPay free of charge; and many more. • Can be linked to Facebook account CONs: • It’s compliance with Know-Your-Costumer regulation requires the users to verify private information in order to maximize spending limits. A selfie while holding government-issued ID card is a must to clear verification stage; • Minimal range of accepted IDs for verification • Users can’t shop around for best price on cryptocurrencies • Higher fees applied for cryptocurrency conversion to fiat money • Higher fees for sending and receiving cryptocurrencies Based on the above-mentioned advantages and disadvantages in using Coins.ph, it is therefore concluded that this e-wallet is best for any transactions in PHP like buying prepaid load, paying bills or remittance purposes however, doesn’t work well for crypto-enthusiast dealing with trading cryptos due to the rates and fees. Speaking from my own experience, coins.ph helped me a lot in saving time, energy and money since I don’t need to come visit the outlets or payment centers to complete my transactions. Feel free to comment down your experience with Coins.ph!
It is not always easy to send money abroad. Use this site to convert the Australian dollar to PHP and transfer funds anywhere in the world. As it has become the demand of our customers to know how to exchange Australian dollar to PHP, we provide high-performance services to give them a facility to exchange prices between any two currencies easily. Bitcoins xchanger is one of the platforms that is giving complete security and affordable services, making it easy to exchange AUD to PHP with the most efficient converters. Get the conversion rates of any currency that you want with the recent market exchange rates.
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Exchange Australian Dollar To Philippine Peso
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Where To Buy Eth To AUD
Do you want to get the guide about where to buy Eth to AUD or how to buy Ethereum in Australia? With rising market capitalization, Ethereum has reserved a seat alongside Bitcoins and it the second biggest crypto coin that most people want to get in their wallet to get high money. This site is the best of all the others if you want to use the affordable services to convert Ethereum to the Australian Dollar. To see proof, you can compare our charges with other platforms as well. Get services to deposit and buy Eth securely with the latest crypto market.
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The rise of cryptocurrency is making a huge influence towards different businesses, companies or even simple individuals that supports the use of it in exchange of service, products, investments, etc. Number of users increases seemingly. However, beginners often get confused with the jargons, known only in the said network. In this article, I will be sharing basic terms that exists in cryptocurrency world: Cryptocurrency - is an internet-based, digital/virtual form of currency that is secured by cryptography (which makes it almost impossible to counterfeit) and operates independently from central bank. These include Bitcoin, Bitcoin Cash, Etherium, Ripple, Litecoin, etc. Cryptography - process of securing communication and data in various electronic transactions (such as account name, account number, amount, digital signature, etc.) by converting plain texts to unintelligible texts and vice versa. It is also be utilized for user authentication. Blockchain - refers to a growing list of record or the digital information (blocks) stored in public database (chain). Wallet - or software wallet, is where you “store” your cryptocurrency. It is basically a digital program/system/site/app that store public and/or private keys used to track ownership and transactions of your cryptocurrency. Example: Coinbase, Trust Wallet, Exodus Crypto Wallet, Coins.ph, Binance Wallet, etc. Wallet Address - is a destination associated with the software wallet where a user sends and receives cryptocurrency. Usually include a long series of letters and numbers. Example: qz8wlltmrj83mj2waw6rgaw9wtzqywuc5s3xqm67g7 Fiat Money - a currency that has actual value maintained; established as money; and backed up by the government. Example: US Dollar, British Pound, Philippine Peso, Japanese Yen, Euro, etc. Altcoin - or "alts"; refers to any cryptocurrency other than Bitcoin. ATH (All-time High) - it's when a cryptocurrency breaks its previous record price. FOMO (Fear of Missing Out) - refers to the strong urge or need to purchase a cryptocurrency when the price starts increasing rapidly. Mining - process of validation of transactions such as computers trying to solve blocks in a blockchain. Thus rewarding new cryptocurrency to successful user (miner). However, mining scams are rampant nowadays. Miners are always reminded not to provide private keys, deposits, etc to avoid these frauds. FUD (Fear, Uncertainty and Doubt) - this is the greatest risk for investors; A state of mind that often influence when and how crypto-enthusiasts make trades, purchase or hold onto their coins thus affects greatly in the actual prices/convertion rate of cryptocurrency. DeFi - short term for "decentralized finance" which includes digital assets, protocols, smart contracts, and dApps; is a financial software built on the blockchain that can be pieced together like Money Legos. Etherium is the primary choice for DeFi Application. Stablecoin - refers to a class of cryptocurrency that attempts to stabilize coin prices, backed by reserve assets. Reserve Assets - financial assets denominated in foreign currencies, held by central banks; must be readily available for monetization and/or must be an external physical asset. Example: US Dollars, Gold. That's all for now, I hope this information might help especially beginners who still lack knowledge regarding these terms. Continue supporting #Cryptocurrency
Live realtime updated bitcoin prices here, charts long and short terms, 1 BTC Calculator in Philippine Peso at livebtcprice.com. live Bitcoin Price . 24-hour updated BTC rate. EUR/USD. 1.1832 +0.14% (+0 .0016) BTC/USD. 12966.80 +0.18% (+23.7) BTC/EUR. 10965.20 +0.19% (+20.6) BTC/GBP. 9946.90 +0.52% (+51.6) Live BTC Price:Homepage; Ethereum Price; 1 Bitcoin (BTC) to Philippine Peso (PHP) RATE ... Bitcoin price in Philippine Peso; Cryptocurrency BTC Fiat currency PHP; 0.0001 BTC = 55.8700 PHP: 0.001 BTC = 558.7004 PHP: 0.002 BTC = 1117.4008 PHP: 0.01 BTC = 5587.0040 PHP: 0.02 BTC = 11174.0079 PHP: 0.05 BTC = 27935.0198 PHP: 0.1 BTC = 55870.0397 PHP: 0.5 BTC = 279350.1984 PHP: 1 BTC = 558700.3968 PHP: 2 BTC = 1117400.7936 PHP: 5 BTC = 2793501.9840 PHP: 10 BTC = 5587003.9681 PHP: 100 BTC ... 1 Bitcoin is 626146 Philippine Peso. So, you've converted 1 Bitcoin to 626146 Philippine Peso . We used 0.000002 International Currency Exchange Rate. The page provides the exchange rate of 1 Bitcoin (BTC) to Philippine Peso (PHP), sale and conversion rate. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 1 Bitcoin (BTC) to Philippine Peso (PHP) from Sunday, 27/09/2020 till Sunday, 20/09/2020. Bitcoin - Philippine Peso Chart (BTC/PHP) Conversion rate for Bitcoin to PHP for today is ₱636,589. It has a current circulating supply of 18.5 Million coins and a total volume exchanged of ₱903,693,399,584
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