Binance now supports Philippines Peso (PHP) for P2P Trading. Have you tried it?

Bitcoin_Arena

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Quote from: Kemarit on June 12, 2020, 10:16:11 PM

Thanks for the update, haven't tried Binance P2P though. And I'm sure most Filipinos are using local exchanges coins.pro.

Sorry for the ignorance since am not from the Philippines community. I thought our Filipino brothers and sisters use coins.ph mostly?
Is coins.pro the same as coins.ph?

Kemarit

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Quote from: krat0s2019 on June 12, 2020, 04:35:12 AM

Binance have just announced the launch of peer-to-peer (P2P) trading for Philippine Peso (PHP) today, providing Filipino users with a way to access cryptocurrencies using their local currency. Go to http://p2p.binance.com/ and choose PHP. Buy crypto with ZERO fees

https://www.binance.com/en/blog/421499824684900657/Binance-Supports-Philippines-Peso-PHP-for-PeertoPeer-Trading--

Have you ever tried Binance P2P?

Thanks for the update, haven't tried Binance P2P though. And I'm sure most Filipinos are using local exchanges coins.pro. But as others have said, good news and Binance really knew their Philippine market. And if my memory serves me right, last month they've launch a Binance Futures voucher worth 500 Philippine peso.

@BobBct - LOL, trading fees is where these exchanges make money.

Oceat

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Quote from: BobBct on June 12, 2020, 01:32:13 PM

This is great, especially for the people who doesn't have time or can't afford the exchange fees. This means that we can place PHP straight to Binance and not go through exchanging it to ETH or BTC before transferring it to Binance which can save us A LOT of money.

No matter what currency you are using there will still have a fee for each transaction. You can't just tell that it's good because someone can't afford the exchange fees where in fact it is everywhere once you do the trade. And just like what @Bitcoin_Arena said you wouldn't feel it unless you are trading big amount of money.

It is indeed a great advantage for the Filipino traders since they can easily trade it directly using their own exchanges through Binance platform.

Bitcoin_Arena

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Quote from: BobBct on June 12, 2020, 01:32:13 PM

This is great, especially for the people who doesn't have time or can't afford the exchange fees. This means that we can place PHP straight to Binance and not go through exchanging it to ETH or BTC before transferring it to Binance which can save us A LOT of money.

You are wrong. All the fees you are trying to dodge will still be reflected in form of spread between buy and sell orders, something you will not realize until you have made a huge trade.

LeGaulois

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I didn't even know Binance has a P2P marketplace. It must be new because I see only 3 payment methods and just a few listed offers. What's the difference between p2p.binance.com and c2c.binance.com?

@BobBct
Can't afford the trading fees? Seriously? People are looking to invest in cryptocurrencies, spend money on, but can't afford 0.15%? So they can't afford to buy cryptos after all

@jamyr
~~The SEC in the Philippines stands for?~~ Got it; it's like the US Securities and Exchange Commission

BobBct

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This is great, especially for the people who doesn't have time or can't afford the exchange fees. This means that we can place PHP straight to Binance and not go through exchanging it to ETH or BTC before transferring it to Binance which can save us A LOT of money.

jamyr

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Quote from: krat0s2019 on June 12, 2020, 04:35:12 AM

Binance have just announced the launch of peer-to-peer (P2P) trading for Philippine Peso (PHP) today, providing Filipino users with a way to access cryptocurrencies using their local currency. Go to http://p2p.binance.com/ and choose PHP. Buy crypto with ZERO fees

https://www.binance.com/en/blog/421499824684900657/Binance-Supports-Philippines-Peso-PHP-for-PeertoPeer-Trading--

Have you ever tried Binance P2P?

This is indeed a big leap for Pinoys.

Quote from: GreatArkansas on June 12, 2020, 05:56:27 AM

This is very good news for my fellow Filipinos from Philippines. Good timing from Binance especially today is Independence Day of the country Philippines, a very good timing from Binance.
As I checked the website of Binance, and boom, it's already on their website and already available, we can start to use our national currency to buy some cryptocurrency.

The only problem I believe is that I cannot find Binance on SEC website, or is it still necessary for it to be listed in such?

p.s

Happy Independence Day kabayan.

GreatArkansas

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This is very good news for my fellow Filipinos from Philippines. Good timing from Binance especially today is Independence Day of the country Philippines, a very good timing from Binance.
As I checked the website of Binance, and boom, it's already on their website and already available, we can start to use our national currency to buy some cryptocurrency.

krat0s2019

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Binance have just announced the launch of peer-to-peer (P2P) trading for Philippine Peso (PHP) today, providing Filipino users with a way to access cryptocurrencies using their local currency. Go to http://p2p.binance.com/ and choose PHP. Buy crypto with ZERO fees

https://www.binance.com/en/blog/421499824684900657/Binance-Supports-Philippines-Peso-PHP-for-PeertoPeer-Trading--

Have you ever tried Binance P2P?

Topic: Binance now supports Philippines Peso (PHP) for P2P Trading. Have you tried it? (Read 283 times)