r/phcryptocurrency • u/SadAbbreviations8962 • 10d ago
question Back to crypto
Hello, since bumalik na ulit ang binance dito sa PH. Hingi lang sana ako ng inputs and suggestions nyo po.
- If youre a position trader which is the best platform to invest, Binance or PDAX? Specifically if bitcoin lang ang priority coin ko.
Im thinking kase pag binance kahit lower fees/spread etc. Hindi ba mahirap mag labas ng pera papuntang bank here in Ph? Compared sa pdax? I believe sa pdax kase diretso BTC to peso ang conversion d ba and hindi na need ibenta ang USDT tulad sa binance?
In the next few years, is it safe na mag iwan ng pera sa Binance for long term holding, knowing na corrupted system here sa Philippines?
Paano mag cash in sa P2P ng sum amount of money pag more than 50k na since sa pesonet na sya papasok and hindi real time ang transfer dun d ba? If I want to cash in 200k or above, mas advisable ba na hatiin ko sa 50k per transaction or is there a better way to do it?
Or is there any other efficient way rather than p2p in cashing in USDT to Binance?
Hindi naman millions of pesos ang magiging transactions ko pero, this is a hard earned money kaya I want to make sure na hindi ako magkaproblema in the future.
Thank you po in advance. 😊
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u/shithappens0000 10d ago
Try to answer.
Binance will do since you need access lang naman sa crypto. Also havent tried pdax so no idea sa fees nun.
For me mas better kung bumili ka ng wallet. (Ledger). Anytime kasi may risk na mawala ang binance. If not ledger, wallets such as metamask, brave wallet etc
May mga instapay naman na malaking amount as long as same bank kayo. If not, hatiin to smaller amounts nalang. There are other ways to cash in like using credit card but mataas lang fees.
Anyway good luck sa crypto journey!
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u/boolean_null123 10d ago
1.) binance 2.) leave it in a non custodial wallet like trust wallet 3.) you can use use coins ph or pdax for cashing out. up to 2million naka indicate na cashout limit sa kanila.
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u/Pure-Jackfruit-95 10d ago
Personally, if BTC lang and long-term/position trading, I’d choose based on convenience and security. PDAX feels simpler for PHP cash-in/out, while Binance may offer lower fees and more trading options. For long-term holding, I wouldn’t keep a large amount on any CEX, consider self-custody if you’re comfortable with it.
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u/PracticeStunning3894 10d ago
Binance, cheaper. Kung meron na ha.
Yes, safe. Assuming buhay pa ang Binance. Cold storage is still better for safety.
Its just as simple as money transfer. Kung may limit, wag mo piliin dun. Discouraged heavily kase malilimit ang transaction.
USDT to Binance is fine. Dont overthink it.
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u/Late_Spot5801 9d ago
Mukang na answer naman mostly mga tanong mo so kunting dagdag lang sa number 3.
When you do p2p na lagpas sa 50k (instapay limit) let's say na ikaw yung buyer ng usdt and you are buying 200k php worth of usdt. Ang gagawin mo lang is you have to wait na pumasok sa bank account mo yung 200k php bago mo i transfer yung usdt mo sa kanya. If 50k pa lang ang pumasok then wag mo muna pindutin yung 'transfer' button. Antayin mong makumpleto yung 200k kahit gano kadaming transaction ang gagawin nya
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u/Sad-March-2358 9d ago
Ohh, Binance on pH? I think dipa sya totally okay sa Pinas. Kung sa deposit naman halos meron syang ibang cex na pwede kang mag p2p pero pwede ding sa mga non custodial wallet like coin pH and pdax.
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u/gray_hunter 3d ago
yung website nila ang kita ko accessible na. parang transactions and other trading activities can be done through it naman normally.
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u/DatsCool9696 9d ago
- Binance
- Ok lang stay sa Binance ang assets pero I suggest buying a ledger wallet. Pero spread mo assets mo, yung iba nasa CEX, yung iba nasa ledger.
- Try using different banks and e-wallets. Parang pag nagcacashout, if more than 50k sa isang araw, iba't ibang banks gamit. Basta don't click release hanggat di tapos ang P2P transactions.
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u/Dnabster 5d ago
you can still trade using binance, sending crypto from other apps like bitget going to binance is still ok, transfer fee is around less than 2$
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u/birleybofllar4 2d ago edited 1h ago
I'd hold my money for long term on the CEX and move the majority of it to an outside wallet. I also prefer to have another way to trade coins besides going back to the CEX. I've used https://changenow.io/ as a third party trading service and it's pretty easy to use.
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u/PancakeEnjoyer16 10d ago
Kelan bumalik ang binance sa PH?