Sunday, 2 November 2014

How to exchange Bitcoins to a bank account in the Philippines?

Exchange Bitcoin to Bank Account in the Philippines
How to exchange Bitcoins to a bank account in the Philippines? Firstly you will need to have a local active bank account it could be a savings or checking account that is able to receive funds transfer. The most popular banks here would be BDO, BPI or Metrobank. Now once you have a bank account and of course you have a Bitcoin wallet, you will need to look for an exchange platform/company that exchanges/trade Bitcoins. These are the companies that buy and sell Bitcoins. These companies are normally located on-line and they are open 24/7. All you need to do is search at the internet for the companies that exchange these Bitcoins. A very good example company would be WWW.EXKASH.COM this company buys and sell Bitcoins, they also offer shopping through your Bitcoins. What’s good about WWW.EXKASH.COM is that they are certified exchanger of Bitcoins which means rest assured that your money is safe from fraud transactions. With  WWW.EXKASH.COM you can use paypal, payza, western union and money gram to buy Bitcoins and you can also transfer Bitcoins converted to cash directly to your bank account through them.
Now once you have chosen an exchange company, you will then need to enter some information regarding your transaction such as your name, email, country, bank name, bank country name, bank account number, holder name, and of course the amount of Bitcoins you want to transfer to your bank account. You should be aware that there is always a current rate of exchange of Bitcoin depending on your local currency. For example the current exchange rate of bitcoins now in the Philippines is 38,463.81/34,512.36 in Philippine pesos per bit coin.
The transaction would normally take 24 hours, the transfer would be made once the company receives the Bitcoin from your account. Now once the transaction has been processed the exchange rate will now apply and converts the amount of Bitcoins unto the local currency of the bank which is Pesos which will be credited to your bank account’s balance.
You can also buy Bitcoins on these sites all you need to do is go to the site and place an order for Bitcoins. You will need to enter the some information such as amount, your Bitcoin number, email, payment method and country. Now normally the payment method would be Western Union. Now once the order has been received the company will send you the payment details on how you will make your payment, once the company verifies your payment they will now send you Bitcoins you have purchased. Now it will be credited to your Bitcoin wallet balance and you can start using it for all your electronic transaction needs. For more information on other services you can use with you e-wallet visit WWW.EXKASH.COM. Now a days more and more people are using this service as a fast and easy way to transfer money worldwide. You can remit, pay, shop or just personally send money to your friends relatives locally or internationally using Bitcoin services.

Exchange Bitcoin to Bank Account in the Philippines

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