Best And Cheapest Way Of Sending STEEM/SBD To COINS.PH
I was looking for the cheapest possible way of converting STEEM/SBD into PESO so that even a micro transactions are possible. Say I want to take out 1 or 2 STEEM/SBD from my steemit account to put into my COINS.PH PESO account so I can spend it. Pambili nang Jolly Spaghetti!! O kaya pamblili nang load ni liniligawan 😂
I was writing an article about asking the community for help to get STEEM/SBD listed on the Philippine exchange COINS.PH when I realized that COINS.PH also have BCH (BITCOIN CASH).
I think the process below comes close to like having STEEM/SBD listed on COINS.PH.
Are you ready “mga kabayan”?
THE ANSWER IS BITCOIN CASH (BCH)
BITCOIN CASH is already listed in COINS.PH and @blocktrades blocktrades.us fee for converting STEEM/SBD into BCH is only 0.028 STEEM for steem and 0.033 SBD for steem dollar.
Why don’t we put this to the test.
Login to your steemit.com and coins.ph account.
If you don’t have a coins.ph account please create one HERE.
Open up @blocktrades blocktrades.us
On the "Send" field pick STEEM/SBD, on this example we use SBD. Then enter the amount you want to send. On this example we use 1 SBD
On the "Receive" field pick BITCOIN CASH.
Go to your COINS.PH wallet and copy your BITCOIN CASH (BCH) wallet address.
Go back to blocktrades.us and paste your BCH wallet address in the “Your receive address” field.
Then click on “Get Deposit Address”
Enter your steemit user name and click on “Transfer Using SteemConnect”.
Click “Continue”
Enter your credentials then click “Sign In”
Go back to blocktrades.us and check your transaction.
Click on the “output hash” to track the progress of your transfer.
Now here is the part that gets complicated a bit. I don’t know why coins.ph done this.
Sometimes, the BITCOIN CASH that was sent WILL NOT get processed automatically after 2 or more confirmations.
I'm not sure if this is fully dependent on the blockchain confirmations because some of my transactions are taking too long, 1.5 hours past and still waiting.
Anyway, you might have to do the following steps to speed up the process a bit (I think but no guarantee).
On your COINS.PH account, go to your BCH wallet.
If you scroll all the way down you will see your transaction “HISTORY”
Click on “WAITING FOR YOUR PAYMENT”
Click on "Waiting For Your Payment" tab
Click on “Mark As Paid”
Click “Fully Paid”
And then you get “Processing”. If you click on the processing tab you will get the full info.
Once it is processed, you can see your balance in your BCH wallet and on the “HISTORY”.
Convert BCH to PESO
Now let us turn that BCH into PESO.
Go to our COINS.PH account dash and click on your “BCH” wallet then click on “convert”.
Enter the amount of BCH you want to convert (we are converting all). Then click “CONVERT”.
SUCCESS! Now click on the “BACK TO WALLET” button.
What's Next?
You earned 1 SBD from steemit.
You managed to send that to coins.ph using blocktrades.
Now you have 60 pesos in your account.
So go and buy yourself that JOLLY HOTDOG!! SARAP SARAP!!!
Seriously?
We can still ask coins.ph to include steem/sbd on their exchange. This will make the process of converting steem/sbd to peso faster and cheaper by eliminating blocktrades.
If STEEM/SBD is listed on coins.ph
You will transfer your STEEM/SBD direct to coins.ph.
Faster and no waiting for block confirmations.
Cheaper because there should be no fee when transferring from your steem wallet to coins.ph steem wallet.
How you can help achieve this?
Contact coins.ph asking to list STEEM/SBD on their exchange.
You can contact them on their:
Do You Like What You Have Read?
Use my referral when signing up with coins.ph HERE
We both get 50 pesos each!
If you are in DISCORD, check out #PH-TRADERS and let us share knowledge in trading.
I find BINANCE the best exchange for beginner traders like me. If you don't have account with BINANCE, please use my referral link and create one HERE
salamat sa info pero 2hrs na wala pa yong sakn ah.haha nawala na yata yon
Walang anuman po. D naman siguro nawala because ma trace mo naman using its tx hash.
pero bakit po antagal yata? nilagay ko naman ang btc wallet adress ng coins.ph ko, mga 8 ko ginawa but till now, halos 3 hours na wala pa rin, pano ko po makkita yong transaction ko?, salamat sa sagot
anu po ang ginamit nyo pinag send to your coins.ph? pasensiya na po kasi di ko alam ang details nang transaction ninyo.
Nag send po ba kayo steem to btc via bloctrades?
Be careful po kasi iba iba po ang mga addresses ... magka iba po ang address nang BTC wallet ninyo at BCH wallet sa coins.ph
@webcoop Wish you best of luck
thanks
Always Welcome
great info.thanks.
Thanks for stopping by
Very well explained !!!thanks
Thank you very much too
Yan din po ginagawa ko. Haha.
mabuti naman at least mas mura kesa ethereum pa rin ata....
Wow! Why did I saw this just now? Maybe I am one of those in latter batch to be integrated BCH on coins.ph. Way to go!
Thank you very much. I've known BCH on coins.ph for a while then I realized that it could be cheaper than ethereum to use for sending from steemit and still is.
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