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Crypto conversion to PHP

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Triumvirate
  11/2/2022 15:09 EST

Working in the crypto space, I am curious as to how easy it would be to convert crypto to Philippine Peso. I see Binance exchange does not currently offer bank transfer withdrawals to PHP. I also can not seem to find anyone local who would do a face to face purchase for cash.

Does anyone have experience with this process?

Asawa
  11/7/2022 19:55 EST

You can use Trust Wallet to Binance. It's not an easy process:

Also, you may have engage in 100's of micro transactions (Person to Person or P2P) at $15-50 each to convert a couple thousand dollars.

Welcome to the Philippines!

Realtime demo for a $16 transfer at:
https://www.youtube.com/watch?v=7yJL0aM4Gn8&t=308s

Seriously though, just do conversions abroad in bulk and move cash with banks. If you prefer to use Crypto as a direct payment method, run up credit card charges, debts or loans from places where you can pay in full using some form of crytpo.

Right now, Crypto is not a great payment option in the Philippines. The Philippines leads the world on easy remittance though!

-Asawa

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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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95556
  12/6/2022 20:22 EST

There is Coins.ph but the fees are a little high plus overbearing KYC. Not much selection either, no Dash for example.

There is also PDAX but I have zero experience with them. i see they have a good selection of withdrawal options. Not sure which cryptos they trade.

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