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Rebit bitcoins

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To proceed click on the "Next: Recipient" button. Review the details of your transaction, and click on "Confirm" if you're ready to send the money. Rebit will now display a page with payment details. When a Bitcoin transaction is initiated, a Bitcoin address and a QR code is created. Rebit will now proceed to extract the amount of Bitcoins present in the generated Bitcoin address.

In this case an amount of 0. You now have 15 minutes to transfer your Bitcoins from your Bitcoin account to the generated Bitcoin address. If you do not do this within the time lapse, your order will be invalidated. In the top left you will see your bitcoin credit, and its equivalent value in euros. Click on the "Send" button to continue with your transfer. Bitmymoney allows you to send Bitcoins to an email account, or to a Bitcoin address.

Choose the "Send to a Bitcoin address" option. Copy the bitcoin amount from Rebit into the first field of the form. The euro value will be calculated automatically by Bitmymoney. Copy the Bitcoin address from Rebit into the third field of the form. The Bitcoin amount should match with what Rebit is expecting; that is what they need to convert to peso. After clicking in the "Send bitcoins" button, you will receive an e-mail from Bitmymoney with a link to verify your payment.

Click the link in the email to finalize your payment. Bitmymoney will send the bitcoins to the Rebit Bitcoin address you provided. By Marius Zaharia , Dahee Kim. Reduced liquidity on cryptocurrency exchanges and regulatory uncertainty are, for now, limiting monthly bitcoin-based remittances to millions of dollars in a multibillion-dollar market, the start-ups say. But if cryptocurrencies mature, they say, traditional businesses will be in for some serious disruption.

The businesses estimate how much money they will need for a day, buy bitcoin in advance and immediately sell it for the currency in the receiving country. Without the bank fees, the shops say they can charge their customers 25 to 75 percent less.

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That option is now available to Filipinos via Rebit. The receiver will then receive the money in Pesos. You only need to specify the biller, send bitcoin, then the app will convert it to Pesos so that it can pay the biller.

This is particularly useful to Filipinos abroad whose loved ones here are a bit older to fall in line, say, in an SSS queue. It should be noted that not only OFWs can use this to send money to the Philippines. Depending on your agreement, an employer from abroad can also opt to pay their freelancers in the Philippines via Rebit.

Sending money to the Philippines using Rebit, plus the other methods discussed above are the best ways to remit using BTC right now to the country. I did not put other methods, such as getting the money from a Bitcoin ATM, because it is limited to the scarce locations where they are currently available. Using Rebit and the methods above, the ways to receive Pesos are as many and as easy as going to your bank or a remittance center nearby.

Do you know of other ways to remit money to the Philippines using bitcoins? Let us know in the comments below! As a digital currency, bitcoin is disrupting the way we buy things and send money. However, if fiat money can be scammed, so does your bitcoins.

Protect your bitcoins at all cost, […]. A business ad graduate from the Pamantasan ng Lungsod ng Maynila, Mike is the website manager of Bitpinas. Skip to content. Please share and grow the BitPinas community. The buyer will then give the cash to the seller.

Make sure you trust the buyer completely before proceeding with such transactions. Alternatively, if you are the buyer, make sure you trust the seller completely. Investing in Bitcoin often means you might one day sell it. There should be local Facebook groups where people buy and sell cryptocurrency. Also, check out localBitcoins. Again, exercise due diligence in this type of activity. It can be very easy if your Bitcoins are already in local apps such as Coins. A business ad graduate from the Pamantasan ng Lungsod ng Maynila, Mike is the website manager of Bitpinas.

Skip to content. Please share and grow the BitPinas community. Table of Contents. Join and subscribe to stay up to date. Oldest Newest Most Voted. Inline Feedbacks. Michael Mislos See all posts. You May Also Like. Payout Fee. Free for branch of accounts within Metro Manila. BDO Cash Card. PHP Globe GCash. Minimum of PHP LBC Pesopak door-to-door delivery.

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That option is now available to Filipinos via Rebit. The receiver will then receive the money in Pesos. You only need to specify the biller, send bitcoin, then the app will convert it to Pesos so that it can pay the biller.

This is particularly useful to Filipinos abroad whose loved ones here are a bit older to fall in line, say, in an SSS queue. It should be noted that not only OFWs can use this to send money to the Philippines. Depending on your agreement, an employer from abroad can also opt to pay their freelancers in the Philippines via Rebit.

Sending money to the Philippines using Rebit, plus the other methods discussed above are the best ways to remit using BTC right now to the country. I did not put other methods, such as getting the money from a Bitcoin ATM, because it is limited to the scarce locations where they are currently available. Using Rebit and the methods above, the ways to receive Pesos are as many and as easy as going to your bank or a remittance center nearby.

Do you know of other ways to remit money to the Philippines using bitcoins? Let us know in the comments below! As a digital currency, bitcoin is disrupting the way we buy things and send money. However, if fiat money can be scammed, so does your bitcoins. Protect your bitcoins at all cost, […]. A business ad graduate from the Pamantasan ng Lungsod ng Maynila, Mike is the website manager of Bitpinas.

Skip to content. Please share and grow the BitPinas community. The app allows users to settle utility bills, credit card payments, pay tuition fees, buy and sell Bitcoin through remittance branches, ATMs, and banks. One thing to note about using Coins. It is a remittance and billing platform which consumers in the Philippines use to send local and international payments. The platform started as a remittance company, but after a few years, Bill Ninja, a Philippine Bitcoin startup company took over its management.

After building its name, it became known to the country and later on was sold to Satoshi Citadel Industries. Though risky, these cryptocurrencies like Bitcoin are promising low-cost remittance platforms especially for Filipino workers and is an investment for whoever who wants to try using it. An interesting turn nowadays is the acceptance of Bitcoins by educational institutions.

Some universities abroad have added Bitcoin and other cryptocurrencies as part of their curriculum. Some also have accepted Bitcoin as a means of payment of their fees. Type and hit enter to search Search. Just recently, Bitcoin has made its mark on the internet. Tags: bitcoin bitcoin philippines cryptocurrency tips. Subscribe to Vulcan Post Newsletter Stay updated with our weekly curated news and updates. First Name. Share on Facebook. Share on Twitter. Reading List.

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