Crypto in Philippines - normal or shady stuff ?

[Overtrade]

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]

Been established for over half a decade...

 

[Overtrade]

Been established for over half a decade...

I don't understand your answer Wellington.

Please forgive me.

 

[daniels27]

Been established for over half a decade...

I don't understand your answer Wellington.

@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?

 

[Overtrade]

@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?

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.

 

[daniels27]

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

 

[wellington]

@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?

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