To convert Bitcoin into cash, look for a Bitcoin exchange that will allow you to sell your Bitcoin at a reasonable price, for your preferred local currency (such as pesos, dollars, or euros).Most Bitcoin exchanges display their sell price, or "offer", in a ticker located at or near the top part of their homepage: The sell price is basically what an exchange uses to compute how much cash you will get when you convert your Bitcoin.The price shown on the ticker is real-time and is usually updated every few seconds.When choosing which exchange to use, you should consider the following: Whether or not the exchange supports your preferred currency, and your preferred method of receiving your cash How much does the exchange charge?(Beware of exchanges with hidden fees!)How long it will take for them to send your funds?Whether or not their sell price is reasonable If the exchange has a reputation of being legitimate and reliable Converting Bitcoin into Pesos (PHP) In the Philippines, Coins.ph provides the fastest, easiest and safest way to turn Bitcoin into Philippine Pesos (PHP).

You can sell as little as 0.001 Bitcoin, and receive your cash through over 25 different ways, including options that don't even require having a bank account).If you don't have one yet, start by signing up for a Coins.ph account.Coins.ph accounts are completely free -- signing up only takes a couple of minutes, and all you need is a valid email address.You'll need to sign in to place an order.Go to the Cash Out page to place an order.ethereum microsoft azureYou will be directed through four steps: 1) Method  - Start by choosing how you'd like us to send your cash.hourly bitcoin sitesIf you have a bank account, you can choose "Bank."bitcoin bowl twitterIf not, you can choose from a number of other options, such as an instant cardless ATM Instant Payout, cash pick-up at over 10,000 remittance outlets, and door-to-door delivery.litecoin block data

2) Amount - Indicate the amount you wish to sell.3) Recipient - Provide necessary information about you or your recipient (e.g.bank account details, mobile number) 4) Payment - Choose how you want to pay for the order.If you wish to convert Bitcoin that you are currently storing outside of Coins.ph (i.e.in a Bitcoin wallet such as Blockchain.info, or in another exchange such as Coinbase), click the "Other payment options" button.ethereum the economistThen click the "Show QR" button.bitcoin double taxation australiaIf you have already added funds to your Coins.ph BTC Wallet, you also have the option of paying directly with your Coins.ph balance.best bitcoin laundryTo do this, simply choose "Bitcoin Wallet" then click the "Pay" button.bitcoin atm italy

Send your payment to finish placing your order.Send the exact Bitcoin amount to the receiving wallet address indicated in the "Show QR" screen.If you're copy-pasting the address to a field in your external wallet, please don't forget to double-check before hitting send!You will receive a notification via email once your Bitcoin payment reaches the receiving wallet.The status of the order will also change to "Processing" to indicate that we are working on getting the funds to you: 4.bitcoin build visual studioWe'll deliver your cash!We will then deposit your cash through the method you specified.Depending on when you placed your order and which method you chose, you will receive your funds between 5 minutes, 24 hours, or by next business day.Send us an email at help@coins.ph and we'd be happy to assist you with your Cash Out order.Regulation Philippines mulling Bitcoin regulation as remittance use surges Bloomberg News This article was Siegfrid Alegado for Bloomberg News.

It appeared first on the Bloomberg Terminal.The Philippines is considering regulations for digital currencies as the government seeks to bolster protection for the increasing number of overseas Filipinos using bitcoin and its counterparts to send money home.The volume of transactions involving digital currencies is “rising very quickly” because they offer a cheaper and quicker way to move cash than through regular remittance channels, Nestor Espenilla, a deputy governor at the central bank, said in a Dec.19 interview at his office in Manila.“We are concerned with potential money laundering and consumer protection,” said Espenilla, who heads the central bank’s supervision and examination unit.“We are studying putting virtual currency exchange operators under a more formal regulatory framework.” The central bank is bolstering its anti-money laundering efforts after money from one of the largest heists in modern history found its way into the Philippines earlier this year, and after a series of high-profile security breaches at bitcoin exchanges.

In August, hackers stole about $65 million of bitcoin from a Hong Kong-based exchange.Almost three years ago, Tokyo-based Mt.Gox, once the largest bitcoin exchange in the world, disclosed it was hacked and filed for bankruptcy weeks later.Bangko Sentral ng Pilipinas estimates the volume of remittance transactions involving virtual currencies has risen to at least $2 million a month.While for now that represents a small proportion of the record $25.8 billion of funds Filipinos working abroad sent home last year, it signals the need to regulate the use of digital currencies, which are currently governed by a “mere advisory to the public” about their pros and cons, according to Espenilla.“One class of operations framework that we’re looking at right now will allow virtual currencies to operate in the country, and that makes them accountable for certain matters like anti-money laundering initiatives,” he said.The Philippines has stepped up its efforts at warding off money laundering and technology crimes after thieves hacked into the Bangladeshi central bank’s account at the U.S.

Federal Reserve in February and routed $81 million to accounts at Manila-based Rizal Commercial Banking Corp.Most of the funds disappeared after being transferred through a remittance company to gaming halls in the Philippines.The central bank has since announced a plan to expand its cyber-security unit and has placed banks, money changers and even pawnshop operators under tighter scrutiny.Companies using virtual currencies to conduct business will likely be asked to conduct client checks, report suspicious transactions and send data to the central bank, Espenilla said.“We have to be mindful of what risks are being introduced into the system,” he said.“In exchange, virtual currency operators get legitimacy.For so long as the regulatory environment is clear, innovation can happen.” Central banks should lead the way in supervising digital currencies and developing their own, in order to best take advantage of their “considerable promise,” People’s Bank of China Vice Governor Fan Yifei wrote in a September column.