### Cryptocurrency has been receiving much attention the past months here in the Philippines. Its unbelievable growth last quarter of 2017 is something that is simply quite hard to ignore. Facebook and Telegram groups for Filipino crypto-enthusiasts has been growing in numbers too, not to mention steem new user sign-ups. Despite this, the options to convert crypto to fiat is very minimal, using coinsph as the most popular one most likely because of its ease of use, or via Abra and Buybitcoin. Another option is peer to peer transaction, one just have to exercise outmost caution in choosing whom to transact with. There is one other option- buy or sell BTC via Bitcoin ATM. As of writing, few machines are in existence here, [7 in total](https://coinatmradar.com/country/169/bitcoin-atm-philippines/) located in various major cities. # https://coinatmradar.com/images/genesiscoin/genesiscoin_bitcoin_atm_7f85f995fa.jpg ^{[Image Source](
https://coinatmradar.com/bitcoin_atm/475/bitcoin-atm-genesis-coin-makati-sunette-towers/)} There is one in Sunette Towers in Makati which is open 24/7. I have not personaly tried using this, but a friend has shared his recent experience in withdrawing funds via the ATM. ### What You Need Prepared You would need to access your bitcoin wallet to do the transfer, and these are essential to be able to do so: - Mobile device - Internet connection - Keys to access wallet - Mobile phone with an active number. If you have this ready, then you're good to go! ### How to Withdraw 1. Enter the amount in you want to withdraw. The machine would show the BTC value to send to a specific address. Example: **Send 0.01 BTC to addresss 1PLydMrf....** 2. A redemption number on paper will be provided, make sure to keep this as it is essential in completing the transaction. 3. Deposit BTC to the address given. Qrcode will be provided also, best to use this to avoid typographical errors. 4. Once sent, wait for 1/3 confirmations. 5. If confirmation has been done for the transaction, go back to the machine and enter the redemption number. If transfer is successful, it will then allow you to withdraw in fiat. ### Important Notes - Maximum transaction is Php 100,000 at a time. - Exchange rates are a bit high - Identification and confirmation of withdrawal via SMS is needed. And there you go. Easy peasy? This is something I might try soon, mainly for the experience, and I'm sure happy that I would feel better prepared when I do my first BTC ATM transaction! # ______ Follow @bayanihan to view the work of exceptional PH talents! Visit @sndbox pagr and learn about the amazing incubator for creatives and communities. If you would like to support initiatives on community building and enrichment, kindly check out @steemph, @steemph.cebu, @steemph.iligan, @steemph.davao and @steemph.manila Consider casting your witness votes for @precise, @steemgigs @cloh76.witness and @ausbitbank who have been adding invaluable contribution to the community. To cast your votes, just go to https://steemit.com/~witnesses Type in the box the witness account, example below for @precise https://steemitimages.com/DQmejW9BSWVyJsky81M8yUAFoGeezUCc2qyRQ178ZwyoeRs/PhotoGrid_1508407211498.jpg # _______ # https://steemitimages.com/DQmUsvPR4ETEWpsBHzXmRRixJSW1jhPKzJUDce9pGHa9ZSq/DREAMY.png # ![dreamielygif.gif](https://steemitimages.com/DQmSijmFjGwpZ9Ua6Mo6rjGyJyYiksWggbKL4uNS5xkTsqt/dreamielygif.gif) # https://steemitimages.com/DQmPfsDRe925ntDQJvu63QB4pFW28L175RgxFg58GBPSonw/follow_dreamiely.gif # https://steemitimages.com/DQmcNgj7SaQifxc26PDGqTovrVgppXvoDm76SzNa6Y2KCVK/dreamiely.png # [

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