miss representative may question po ako.
1.) bat ang mahal po ng difference sa buy at sell ng bitcoin?
2.) nagbabayad po ba si coins.ph ng tax? at regulated po ito ng government? bago lng po kase ako sa bitcoin industry pasensya na sa tanong.
salamat naman at may legit na sasagot sa tabobg ko.
Hi, pasensya po di ako nakasagot kaagad.
1. Kapag mataas ang demand for bitcoin but limited lang supply, we have to ensure that there enough bitcoins for all people who want it. We need to maintain a steady supply of bitcoin to keep things moving. We do two things to balance the amount of bitcoin we buy and sell:
First, Coins.ph must increase its “Sell” price to incentivize more people to sell us their bitcoin in order to ensure that we have enough for everyone.
Second, Coins.ph needs to raise its “Buy” price to reduce the number of people buying bitcoin. Together, these actions ensure that bitcoin supply and demand is kept in balance and Coins.ph has a stable supply of BTC.
Rest assured that our prices are closely monitored and regularly updated to reflect current market activity. For more info, check out our blog post about this:
https://coins.ph/blog/may-bitcoin-recap-price-surge-creates-increased/2. Coins.ph is registered with BIR and SEC. May business permit din po kami. Moreover, Coins.ph is duly registered with the Bangko Sentral ng Pilipinas (BSP) as a Foreign Exchange Dealer (FXD), Money Changer (MC) & Remittance Agent (RA), and all such activity is subject to the rules and regulations of the Bangko Sentral ng Pilipinas and the Anti-Money Laundering Act (AMLA).
Hope this clarifies things!
Best,
Pem