Cryptocurrency News

Filipinos Can Now Cash in Crypto Without Fees Through MoneyBeez OTC Outlets – Press Release Bitcoin News

Press release. With cryptocurrency adoption in the Philippines, Filipino users are looking for ways to convert their digital assets into cash at an affordable rate.

The Central Bank of the Philippines recorded P76 billion (US$1.5B) of transactions processed by local virtual currency exchanges (VCEs) in 2020, more than five times the transaction volume in 2019.

moneybees, the pioneer of over-the-counter crypto (OTC) exchange in the Philippines, is changing the face of crypto transactions as it enables both OTC and online transactions to more easily exchange cash and cryptocurrencies on the spot. With MoneyBiz, cryptocurrency holders can convert their digital assets into cash without fees and receive funds within 10 minutes.

What is Moneybees?

MoneyBiz allows you to buy and sell major cryptocurrencies such as Bitcoin and Altcoins such as Ethereum, USDT, Chainlink, Uniswap, among others at government-licensed MoneyBiz partner outlets without going through any online exchanges.

One of the major advantages of MoneyBeez is:

  1. Foreigners who do not need to open a Philippine online exchange account just to redeem their bitcoins.
  2. Online traders who use exchanges that do not have PHP cash-in and cashout facility. OTC is also perfect for novice traders who wish to transact with a real person to establish trust.
  3. Overseas Filipino labor remittances for OFWs has often been a serious problem. Cryptocurrencies like bitcoin make it easy to transfer money to your loved ones which are devoid of hefty transaction fees. Thanks to its flexibility and affordability, OFW, local recipients and merchants alike have grown to adopt its use.

If you are an OFW, you can create a crypto wallet and buy and store crypto there. After that, you can send that crypto to your loved one’s crypto wallet. Your loved ones can then convert crypto to cash at any MoneyBeez OTC outlet within Metro Manila.

Wallet-Wallet and Bank-to-Bank Transactions:

MoneyBiz Makes It Easy to Exchange Crypto and Philippine Peso (PHP)

Buying crypto: You hand over the payment, MoneyBiz sends the crypto directly to your preferred crypto wallet.

Selling crypto: You send your crypto to MoneyBeez, and you receive Peso in cash or directly to your bank account.

This makes MoneyBeez the best way to cash in and cash out from your online crypto exchange account. You skip the fees and hassle.

key features:

Easy – Buy and sell virtual currencies, just like how you buy and sell foreign currencies in a physical currency exchange store.

Transactions face-to-face with trusted partners of SECURE – Moneybees so that you can have peace of mind that your transaction will be completed on certainty before leaving the shop located in malls and casinos.

Compliance – MoneyBiz only partners with businesses with government-required licenses to ensure your transactions are safe and secure. MoneyBiz is registered with the Central Bank of the Philippines and the Anti Money Laundering Council (AMLC) as a remittance agent with Virtual Currency Exchange (VCE) services.

High Limit – Clients have a high daily limit which is up to Php 5 million (US$ 100,000) per day.

Buy and sell remotely through Online Trading Desk

Due to the closure of malls and other non-essential establishments, Moneybees has launched an online desk to serve its loyal customers consistently. you can go Find the chat box and send a message to Moneybees customer service. They will facilitate your transactions of buying and selling crypto. The proceeds will be sent either to your bank (when you are selling) or to your preferred crypto wallet (if you are buying) such as, binance wallet, etc.

Find us at the following Moneybees outlets:

montel money changer

Monday to Saturday: 10 am to 6 pm

3/F Venice Grand Canal Mall, McKinley Hill, Taguig City

Psulit Money Changer

Monday to Friday: 10 am to 7 pm

Saturdays, Sundays and Holidays: 10 am to 6 pm

Unit 11-D Ground Floor, Fearless Plaza C-5 Corner Eastwood Avenue, Bagumbayan, Quezon City

Willin Villarica Jewelry

Monday to Saturday: 11:30 am to 5:45 pm

Sundays and Holidays: Closed

Stall 335/336, 3rd Floor, Market Market, BGC, Taguigo

Irus Mered Pawn Shop and Money Exchange

Wednesday to Saturday: 10:00 am to 9:00 pm

G/F Newport Mall, Resorts World Manila, Pasay City

Tivoli Money Exchange – Glorieta

Store Hours: 10:00 AM – 7:00 PM

B1, Glorieta 2, Ayala Center, San Lorenzo Village, Makati City, 1224 Metro Manila

Tivoli Money Exchange – Trinoma

Store Hours: 10:00 AM – 7:00 PM

M1, Trinoma, EDSA Corner North Avenue, Quezon City, 1105 Metro Manila

Tivoli Money Exchange – Okada Manila (VIP Region)

Store hours: 24 hours.

Retail Unit A-23, Upper Ground Floor, Okada Manila, New Seaside Dr., Paranaque City, 1701 Metro Manila

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This is a press release. Readers should do their due diligence before taking any action regarding the Promoted Company or any of its affiliates or services. is not responsible, directly or indirectly, for any damage or loss alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

image credit: Shutterstock, Pixabay, WikiCommons

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Avinash is a blogger, Enterprenuer, marketer and author. He is very good affiliate marketer and Product Reviewer.