Do you want to send funds to the Philippines from any country for free?
YES IT IS POSSIBLE!
The entire process goes like this:
1) Sender acquires PESOBIT if sender doesn’t have one.
2) Sender goes to the PESOBIT remittance website and SIGN-UP/LOGIN to his/her account.
3) Sender selects his recipients from his/her list.
4) Recipient will then receive the money to his/her Peso wallet in coins.ph
5) Recipient will have the options where to send the converted Peso to the following:
A. His /her personal bank account
B. Security bank card-less withdrawal and other options. Please see here for more details.
Do we really have to register to coins.ph in order to remit PESOBIT?
COINS.PH is the currently the top company with the most number of bitcoin users and they have partnered with various financial and banking systems in the country.
Is there a limit to how much can I convert and withdraw to my coins.ph peso wallet?
Currently, the limit is set at P400,000 daily. Once reached, the withdrawal transaction will be processed on the next day.
How fast will I be able to withdraw my Peso exchanged from PESOBIT?
This will depend on the systems implemented by the recipients’ bank but would normally take 1 business day. Your peso will arrive in your coins.ph wallet as soon as processed.
A card-less and INSTANT withdrawal through Security Banks’ ATM is another option, please refer here.
Will we receive a notification upon receiving the Peso funds?
Coins.ph has a notification process that sends an email to their user upon receiving funds to their wallet.Mobile users will have an additional notification via their coins.ph mobile app.
How can my relatives abroad acquire PESOBIT so they can remit money via the remittance page?
If the sender who would like to use PESOBIT but doesn’t have one, they might need to do 2 additional steps.
a) First, they must convert their local currency (USD, CAD, EUR, etc) to Bitcoin. There are lots of Bitcoin exchanges all around the world and most of these can be done online.
b) Once they have converted their money to bitcoin, they have to go to online exchanges where PESOBIT is listed and exchange their Bitcoin for PESOBIT.
But there is no need for online conversions of PESOBIT when you have participated in its upcoming ICO – Initial Coin Offering. You may get PESOBIT at its cheapest price by JOINING THE ICO!
Shoot us an email at [email protected]
We would love to hear from you!
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