How to transfer bitcoin from airbit to coins.ph
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The interface will be a bit complex compared to your usual Coins. You are now one step closer to buying all the other coins you cannot in the Philippines.
This is important because you will withdraw your coins at one point. We cannot fund Bittrex with our Fiat Money Pesos. But we can transfer our bitcoins we bought somewhere into Bittrex. Once you understand the basics of transferring coins from one place to another, it will be almost the same for other exchanges like Bittrex. In our next article, we will guide you as to how you can buy your first altcoin on Bittrex.
We will update this article once part 2 is published! Read Part 1 Here. A business ad graduate from the Pamantasan ng Lungsod ng Maynila, Mike is the website manager of Bitpinas. Skip to content.
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The investor will then be required to send the specified amount of bitcoins from his external bitcoin wallet, usually from , to his AIRBIT. Jun 15, - BITCOIN: What Is It and why Is It Important?Bitcoin's inventor, Satoshi Nakamoto, described Bitcoin as “A Peer-to-Peer Electronic Cash System”.
You can also deposit via UnionBank to your Coins. After depositing, simply convert the money on your crypto wallet to Bitcoin. Now that the price is lower from the previous all-time high, people tend to buy Bitcoins this time around only to sell it once its value increases. S till, if you wish to sell your Bitcoins today, or you plan to sell it in the future, then this article is for you.
This article will focus on how to turn your Bitcoin into cold hard cash.
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So far, the easiest way to turn your Bitcoin to cash is to use a service that allows you to cash out through InstaPay. Instapay allows crediting of funds in real time up to Php 50, with a minimum transaction fee.
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If you go the peer-to-peer P2P route, it is possible to get paid and that payment transferred directly to your bank account via InstaPay. In this section, we want the Bitcoins to be at Coins. Once the Bitcoin is in Coins. If you choose the methods below to cash out today, expect to receive your cash the next day.
Here are some of the options to choose from:. Remember that each option above has a minimum amount for you to cash out.
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Please note: this may change without prior notice. The idea is that the receive will get cash equal to the amount of Bitcoin you sent.
The instructions below assume that you already have Bitcoin in a btc wallet somewhere and that you already have an account with Rebit. Important note: Make sure the btc addresses are correct! Bitcoin transactions are non-reversible.
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As always, take advantage of the exchange rate. March Moneybees is partnered with moneychangers to bring Bitcoin over-the-counter services to more locations:. Bloom has partnered with multiple remittance outlets to help you buy Bitcoin and sell Bitcoin at safe locations nationwide. If you wish to cash out through a bank, UnionBank is recommended because, for example, if you cash out from Abra, there is no transfer fee if you transfer to your UnionBank account.
Check out Paylance in our short summary about it in our crypto exchange list article. Apart from the above, another way to cash out your Bitcoins is to sell it personally, or look for someone willing to buy your Bitcoins for cash.
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The buyer will then give the cash to the seller. Make sure you trust the buyer completely before proceeding with such transactions. Alternatively, if you are the buyer, make sure you trust the seller completely. Investing in Bitcoin often means you might one day sell it. There should be local Facebook groups where people buy and sell cryptocurrency.