Good Day to both the management of Coins and to Fellow Users. I think it is time for Coins.Ph to increase there Cash-Out limits with the lower levels namely Level 1 and 2 for reasons such as.
1. The price of Bitcoin before is 2000$ and the daily Cash out limit for Level 2 users are 50,000 PHP
2. The price of Bitcoin right now is above 4100$ which is more than double, but still the Cash Out Limit is 50,000 PHP and an Annual Limit of 400,000 PHP
I think it is more than just to change or increase the limits because of the price of Bitcoin has now. It also helps people who is having a hard time getting that Level 3 verification process you have in your wallet. I hope that you listen to our request as it is just a simple one on making our lives better.
I hope that other users agree with me. God Bless.
I think that rules was put in place Due to AML Law. and they are force to follow it since they are under the regulation of BSP
Exactly. Maganda ang suggestion at pabor ako diyan. Iyon nga lang kasi once na nagset sila ng higher limits for lower levels it will be more prone to fraud activities lalo na't limited and verification na kailangan. Ang mangyayari diyan magkakaroon let ng proposal si coins.ph sa BSP para no violation sa current AMLA rules and regulations. Di kasi agad agad na puwede tumulad ang coins.ph sa ibang exchanges na mataas ang limit kahit level 1 pa lang ang mga account.
Ang mas maganda diyan, taasan pa lalo ang limit starting from Level 3 para talagang mapursige magverified ang mga nasa lower levels.