Coins.ph requires an annual KYC update with video interview to maintain your limits or else they will put your account limits to custom limit which is pretty low. Coins.ph is scary to use right now compared on there early stage. Maybe competition and regulators makes them very sensitive. I heard many complains on social media that there account was locked if you didn't do the KYC. BinanceP2P is really the best alternative to this app if you want a hassle free transaction and for peace of mind.
Video interview? Wow, that will be too strictly more than in the banks and I think the other exchanges do not use this way to process the verification for their members. I guess their regulator is forcing them always to check and verify manually for the new members who want to use Coins.ph. I do not think that is good for the people who want to use the site and maybe they will lose their members because of that. Yes, Binance P2P is still the best solution for this matter. 
Topic: [WARNING!] For gamblers using coins.ph (Read 1319 times)
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Next time I will transfer it to my desktop wallet before sending it to Coins.ph
Why not use Binance P2P instead? You are literally wasting a lot of transaction fees just to avoid the verification process, even if we assume you are attempting to obfuscate your funds by transferring your money from a gambling site to a personal wallet and to coins.ph, keep in mind that the tx fees add up, and so does the ugly spread when converting crypto to fiat.
Use a hotwallet like Bluewallet to receive your payments from a gambling site together with Binance P2P to enable you to transfer funds in between whenever you need some fiat.
If you don't have any problem with verifying your account with Binance, then it's good to use it as alternative instead of circling your funds from gambling site to your hot wallet.
You save both time and fees, which is not considerable if you are just receiving your campaign fund.
The issue with Coins which is really annoying now, both deposit and withdrawals you need to comply answering informations, by failing to comply means risk with your account.
It's good to use Binance if you are transacting using XRP because you don't need to pay for the high transaction fee sending your coin to coins.ph, however for bitcoin, I think the fee is still expensive though the network fee now is already cheap. Not sure how much is the withdrawal fee of Binance now, last time, I guess it was 0.001 btc.. I can't remember the last time I access my Binance account for BTC withdrawal.
Next time I will transfer it to my desktop wallet before sending it to Coins.ph
Why not use Binance P2P instead? You are literally wasting a lot of transaction fees just to avoid the verification process, even if we assume you are attempting to obfuscate your funds by transferring your money from a gambling site to a personal wallet and to coins.ph, keep in mind that the tx fees add up, and so does the ugly spread when converting crypto to fiat.
Use a hotwallet like Bluewallet to receive your payments from a gambling site together with Binance P2P to enable you to transfer funds in between whenever you need some fiat.
If you don't have any problem with verifying your account with Binance, then it's good to use it as alternative instead of circling your funds from gambling site to your hot wallet.
You save both time and fees, which is not considerable if you are just receiving your campaign fund.
The issue with Coins which is really annoying now, both deposit and withdrawals you need to comply answering informations, by failing to comply means risk with your account.
There's a new update on coins.ph now.
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
It will hit participants of gambling signature campaigns that use Coins.ph, they have the option to send it to their favorite exchange because Coins.ph will not questions funds coming from an exchange, the most popular of which is Binance then send it to Coins.ph, users cannot do anything about it they are compliant to BSP and AMLA, Coins.ph is very popular among Filipino users, you can trade your Cryptocurrency to fiat and send it to your bank or favorite remittance center.
Coins.ph is scary to use right now compared on there early stage. Maybe competition and regulators makes them very sensitive. I heard many complains on social media that there account was locked if you didn't do the KYC. BinanceP2P is really the best alternative to this app if you want a hassle free transaction and for peace of mind.
If someone who doesn't follow their rule, they have complete freedom to lock the accounts that don't want to comply.That's why one reason you should only trust the exchanges where you want to comply with your identity if ever you have no choice and can't find those exchanges that don't require.
But luckily, there's still binance as you guys have been telling.
Next time I will transfer it to my desktop wallet before sending it to Coins.ph
Why not use Binance P2P instead? You are literally wasting a lot of transaction fees just to avoid the verification process, even if we assume you are attempting to obfuscate your funds by transferring your money from a gambling site to a personal wallet and to coins.ph, keep in mind that the tx fees add up, and so does the ugly spread when converting crypto to fiat.
Use a hotwallet like Bluewallet to receive your payments from a gambling site together with Binance P2P to enable you to transfer funds in between whenever you need some fiat.
I agree with Binance P2P, a good thing it has existed as it really saves us users of coins.ph that does not anymore like the strict verification process. Now, you have to verify every transaction like you are an accountant recording all the transactions.
Haven't heard of Bluewallet yet, but I see good reviews about it as I'm reading it now, I think I'm gonna try this one.
As of now, I'm only using electrum for my in-between wallet.
Next time I will transfer it to my desktop wallet before sending it to Coins.ph
Why not use Binance P2P instead? You are literally wasting a lot of transaction fees just to avoid the verification process, even if we assume you are attempting to obfuscate your funds by transferring your money from a gambling site to a personal wallet and to coins.ph, keep in mind that the tx fees add up, and so does the ugly spread when converting crypto to fiat.
Use a hotwallet like Bluewallet to receive your payments from a gambling site together with Binance P2P to enable you to transfer funds in between whenever you need some fiat.
There's a new update on coins.ph now.
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
That wasn't new but maybe coins.ph is now asking the majority of their users about it.
Back in my Chipmixer Signature Campaign days, and I think I posted and shared this to coins.ph thread, on my second video interview, they pinpoint a transaction on my history to where it came from. I responded that it was a freelance payment but never did they ask the specific source. No follow-up questions were done. I was able to answer them about my financial status since I was employed and I even show them my Income Tax Return. The interview lasted for 15 minutes. The next yearly interview never mentioned any crypto-related stuffs but just an update to my submitted documents.
Just recently, I received another enhanced verification request on which I will ignore now because of inconvenience on my part. There are more alternatives now so will refrain from using coins.ph for now.
That's right, if we feel we cannot keep our privacy anymore and we might be questioned in the future regarding our transactions, then probably it's wise if we just stay away from using coins.ph, I think we have the same platform that is not so strict as coins.ph, let's use that as an alternative, like Binance p2p.
Coins.ph requires an annual KYC update with video interview to maintain your limits or else they will put your account limits to custom limit which is pretty low. Coins.ph is scary to use right now compared on there early stage. Maybe competition and regulators makes them very sensitive. I heard many complains on social media that there account was locked if you didn't do the KYC. BinanceP2P is really the best alternative to this app if you want a hassle free transaction and for peace of mind.
There's a new update on coins.ph now.
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
That wasn't new but maybe coins.ph is now asking the majority of their users about it.
Back in my Chipmixer Signature Campaign days, and I think I posted and shared this to coins.ph thread, on my second video interview, they pinpoint a transaction on my history to where it came from. I responded that it was a freelance payment but never did they ask the specific source. No follow-up questions were done. I was able to answer them about my financial status since I was employed and I even show them my Income Tax Return. The interview lasted for 15 minutes. The next yearly interview never mentioned any crypto-related stuffs but just an update to my submitted documents.
Just recently, I received another enhanced verification request on which I will ignore now because of inconvenience on my part. There are more alternatives now so will refrain from using coins.ph for now.
That's right, if we feel we cannot keep our privacy anymore and we might be questioned in the future regarding our transactions, then probably it's wise if we just stay away from using coins.ph, I think we have the same platform that is not so strict as coins.ph, let's use that as an alternative, like Binance p2p.
There's a new update on coins.ph now.
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
That wasn't new but maybe coins.ph is now asking the majority of their users about it.
Back in my Chipmixer Signature Campaign days, and I think I posted and shared this to coins.ph thread, on my second video interview, they pinpoint a transaction on my history to where it came from. I responded that it was a freelance payment but never did they ask the specific source. No follow-up questions were done. I was able to answer them about my financial status since I was employed and I even show them my Income Tax Return. The interview lasted for 15 minutes. The next yearly interview never mentioned any crypto-related stuffs but just an update to my submitted documents.
Just recently, I received another enhanced verification request on which I will ignore now because of inconvenience on my part. There are more alternatives now so will refrain from using coins.ph for now.
There's a new update on coins.ph now.
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
Last week this was not the case, I've transferred my rewards coming from Coindragon without this form now just last night I have this form and I already set it to my coins.ph wallet I am not aware of this, they should have sent a newsletter first, I am aware of sending but not on receiving I have no choice but to fill one of my exchanges and hoping that they will not trace it.
Next time I will transfer it to my desktop wallet before sending it to Coins.ph
There's a new update on coins.ph now.
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
Dang..This is way too much.. I have experienced lots of exchangers and local wallets but it turns out that this had be the most strict ones.They are asking on where those funds came from?A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
This is my first time for a local wallet and also how they could determine that those inputted information would really be that accurate?
It seems that it isnt really that appealing on using it at all.
It is kinda shocking and surprising for me to know this news. The same as you, it is the first time I know a local wallet/exchange ask users to give them the information of the sender. Does it make senses? And how the exchange can verify about the sender's information? I think coins.ph will start losing their users because of this new terms. Hopefully others wallet/exchange will not try to implement the same as coins.ph.
There's a new update on coins.ph now.
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
That is already private and confidential. What the hell BSP is doing. I don't blame the coins.ph here but the hard regulations of Bangko Sentral. Coins.ph just following the law and terms given to them.
There are more reasons now to stop using the exchange in terms of crypto transactions. That was too much.
I will now mostly used coins.ph limited to my fiat transactions only whenever I reached the limit of GCash.
from inbound to outbound transactions which is really already crossing the line.It is really time to stop on using this local wallet, it is normal that they would need to follow on what
government had ordered them since its regulated then they dont have choice.
There's a new update on coins.ph now.
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
That is already private and confidential. What the hell BSP is doing. I don't blame the coins.ph here but the hard regulations of Bangko Sentral. Coins.ph just following the law and terms given to them.
There are more reasons now to stop using the exchange in terms of crypto transactions. That was too much.
I will now mostly used coins.ph limited to my fiat transactions only whenever I reached the limit of GCash.
~snip~
Dang..This is way too much.. I have experienced lots of exchangers and local wallets but it turns out that this had be the most strict ones.They are asking on where those funds came from?This is my first time for a local wallet and also how they could determine that those inputted information would really be that accurate?
It seems that it isnt really that appealing on using it at all.
This makes the situation more complicated because not all the time you would really be asking those sellers information if you do intent to have inbound transaction.
This is way too hassle and i would suggest that better leave out this local wallet because it is too shit that they've been asking too much.
~snip~
Dang..This is way too much.. I have experienced lots of exchangers and local wallets but it turns out that this had be the most strict ones.They are asking on where those funds came from?This is my first time for a local wallet and also how they could determine that those inputted information would really be that accurate?
It seems that it isnt really that appealing on using it at all.
There's a new update on coins.ph now.
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
Dang..This is way too much.. I have experienced lots of exchangers and local wallets but it turns out that this had be the most strict ones.They are asking on where those funds came from?A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
This is my first time for a local wallet and also how they could determine that those inputted information would really be that accurate?
It seems that it isnt really that appealing on using it at all.
There's a new update on coins.ph now.
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
Dang..This is way too much.. I have experienced lots of exchangers and local wallets but it turns out that this had be the most strict ones.They are asking on where those funds came from?A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
This is my first time for a local wallet and also how they could determine that those inputted information would really be that accurate?
It seems that it isnt really that appealing on using it at all.
There's a new update on coins.ph now.
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700
Damn the sole reason you do not use a centralized wallet is because of these situations. You can use your own wallet and send the coins and the authorities are not going to monitor them. In my country there is no restrictions for gambling and never will be but for countries that are prohibited from gambling online you just avoid using centralized wallets when you can create your own wallet.
The problem is if you cannot exchange your bitcoin due to lack of outlet, there's no way our coins will be monitored if it's directly sent to our wallet since it's not regulated, but centralized exchange especially the local exchange is different because you exchange your crypto assets to fiat and the government would like to know the source or nature of transaction so you will be tax accordingly. In this case, it's gambling and it's prohibited, you'll not be taxed but you'll be charged with a violation of the law.
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