Filipinos can now cash crypto free of charge through OTC Moneybees outlets – Bitcoin News press release

PRESS RELEASE. With the growing adoption of cryptocurrency in the Philippines, Filipino users are looking for ways to convert their digital assets to cash at an affordable rate.

The Central Bank of the Philippines recorded 76 billion pesos (US $ 1.5 billion) in transactions processed by local virtual currency exchange offices (VCEs) in 2020, which is five times the volume of transactions in 2019.

Silver bees, the pioneer of over-the-counter (OTC) crypto exchanges in the Philippines, is changing the face of crypto transactions as it makes it easier for OTC and online transactions to exchange cash and cryptocurrency on the spot. With Moneybees, cryptocurrency holders can convert their digital assets to cash at no cost and get the funds in 10 minutes.


Moneybees allows you to buy and sell major cryptocurrencies like bitcoin and altcoins like Ethereum, USDT, Chainlink, Uniswap, among others, in government licensed Moneybees partner outlets without having to go through an online exchange.


  1. Foreigners who don’t need to open a Filipino online exchange account just to cash in their bitcoins.
  2. Online traders who use exchanges that do not have a PHP cashout and cashout feature. OTC is also perfect for novice traders who want to trade with a real person to build trust.
  3. Filipino Workers Abroad Remittances have often been a serious problem for OFWs. Cryptocurrencies like Bitcoin make it easy to transfer money to loved ones without high transaction fees. Due to its flexibility and affordability, OFWs, local recipients and traders 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 this crypto to your loved one’s crypto wallet. Your loved ones can then exchange the crypto for cash at any of the Moneybees OTC outlets in Metro Manila.


Moneybees simplifies the exchange of crypto and Philippine peso (PHP)

PURCHASE FROM CRYPTO: You hand over the payment, Moneybees sends the crypto directly to your preferred crypto wallet.

SELLING CRYPTO: You send your crypto to Moneybees, and you receive Peso in cash or directly into your bank account.

This makes Moneybees the best way to cash out and withdraw from your online crypto exchange account. You avoid the expense and hassle.


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

SECURE – Make face-to-face transactions with Moneybees trusted partners to make sure your transaction is safe to complete before you leave the store located in malls and casinos.

COMPLIANT – Moneybees only partners with companies that have licenses required by the government to ensure the security of your transactions. Moneybees is duly registered with the Central Bank of the Philippines and the Anti-Money Laundering Board (AMLC) as a transfer agent with Virtual Currency Exchange (VCE) services.

HIGH LIMIT – Customers have a higher daily limit of up to Php 5 million (USD 100,000) per day.


Due to the closure of shopping malls and other non-essential establishments, Moneybees has launched an online office to serve its loyal customers at all times. You can go to Find the chat box and send a message to Moneybees customer service. They will make your crypto buying and selling transaction easier. The proceeds will either be sent to your bank (when you sell) or your preferred crypto wallet (if you buy) such as, Binance wallets, among others.


  1. Montreal Money Changer

Monday to Saturday: 10 a.m. to 6 p.m.

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

2. Psulit Money Changer

Monday to Friday: 10 a.m. to 7 p.m.

Saturdays, Sundays and public holidays: 10 a.m. to 6 p.m.

Unit 11-D ground floor, Intrepid Plaza C-5 corner Eastwood Avenue, Bagumbayan, Quezon City

3. Willyn Villarica jewelry

Monday to Saturday: 11:30 a.m. to 5:45 p.m.

Sundays and public holidays: Closed

Stands 335/336, 3rd floor, Market Market, BGC, Taguig

4. Erus Maerd Pawnbroker and Money Exchange

Wednesday to Saturday: 10 a.m. to 9 p.m.

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

5. Tivoli Money Exchange – Glorietta

Store hours: 10:00 a.m. to 7:00 p.m.

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

6. Tivoli – Trinoma Money Exchange

Store hours: 10:00 a.m. to 7:00 p.m.

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

7. Tivoli Money Exchange – Okada Manila (VIP Zone)

Store opening hours: 24 hours.

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

Learn more about Moneybees—

Follow on Facebook –

Find on Instagram –

This is a press release. Readers should exercise due diligence before taking any action regarding the promoted business or any of its affiliates or services. is not responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, good or service mentioned in the press release.

Image credits: Shutterstock, Pixabay, Wiki Commons

Source link

About Ernest Decker

Check Also

New York has a housing crisis. How would the mayoral candidates remedy this?

The winner of the Democratic primary is almost certain to become the city’s next mayor. …

Leave a Reply

Your email address will not be published. Required fields are marked *