Crypto in Philippines - normal or shady stuff ?

O

Overtrade

New member

Sep 12, 2023

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Wednesday at 09:12

#1

• Wednesday at 09:12

• #1

How popular are crypto on the ground exchanges in the Philippines?

Are they unpopular, moderately common, or everywhere?

What are the typical spreads when exchanging USDC/USDT for paper cash?

How do local banks view cash deposits of 50-100-300 thousand dollars or the equivalent in PHP?

Do they hate it, are they neutral, or do they love it?

 

wellington

Pro Member

Nov 14, 2020

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Thursday at 14:30

#2

• Thursday at 14:30

• #2

Been established for over half a decade...

 

O

Overtrade

New member

Sep 12, 2023

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Saturday at 18:26

#3

• Saturday at 18:26

• #3

wellington said:

Been established for over half a decade...

Click to expand...

I don't understand your answer Wellington.

Please forgive me.

 

D

daniels27

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Aug 19, 2023

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Saturday at 23:02

#4

• Saturday at 23:02

• #4

wellington said:

Been established for over half a decade...

Click to expand...

Overtrade said:

I don't understand your answer Wellington.

Click to expand...

@wellington do you mean you are established in the Philippines for over 5 years? I do not understand it either.

@Overtrade what are you trying to achieve? You want to move there and need to bring in money to buy cars and wonder if you can do the business in USDT?

 

O

Overtrade

New member

Sep 12, 2023

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Yesterday at 09:18

#5

• Yesterday at 09:18

• #5

daniels27 said:

@wellington do you mean you are established in the Philippines for over 5 years? I do not understand it either.

@Overtrade what are you trying to achieve? You want to move there and need to bring in money to buy cars and wonder if you can do the business in USDT?

Click to expand...

Want to bring money, buy car, maybe some 1+1 and have some money on hand. Fist go I plan to bring 10k USD cash, 40k USDC. Then after maybe 200-400k USDC.

 

D

daniels27

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Aug 19, 2023

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Yesterday at 10:33

#6

• Yesterday at 10:33

• #6

@peter taradash do you offer any help to this poor lad? How do you bring money into the Philippines?

 

wellington

Pro Member

Nov 14, 2020

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Yesterday at 18:27

#7

• Yesterday at 18:27

• #7

daniels27 said:

@wellington do you mean you are established in the Philippines for over 5 years? I do not understand it either.

@Overtrade what are you trying to achieve? You want to move there and need to bring in money to buy cars and wonder if you can do the business in USDT?

Click to expand...

No i mean crypto in the Philippines is well established with leading players, and there's easy access via kiosks, otc's and exchanges.

 

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