ULOG #6: Know the Difference of Fees When Cashing Out through Coins.ph

Aside from transferring the funds to exchanges and buy some other coins for investment. One thing that we Filipinos do is when we receive a certain amount of SBD/STEEM is we sent it out directly to our Coins.ph wallet. I myself will not be discussing the cashout process anymore since there's a lot of tutorials done already by our fellow steemians out there.

What I will be sharing instead is something new to me and just did a trial on cashing out.

On my case since Cebuana Llhuiller is just nearby ( walking distance of 15 minutes) I am always using that method of cashing out my funds.

This time I tried 1,000 PHP as a sample

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If ever that I will be using the service there's an extra charge of 45PHP to get my money. Well the 45 PHP can buy a lot of things already. I can buy 4 pieces of siomai in Siomai House and 1 Samalamig ( it is a drink with sugar syrup and gelatin)




Then after that I also checked the other Cash-Out Option Globe G-Cash

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The fees went down by 25 pesos. Haha! 20 pesos can buy me 5 pieces of Kwekwek and 1 glass of pineapple juice which is just a colored water Good thing my suki ( the term that we used if you are a regular patron of a good of service) isn't a steemian yet. Or else I will loose my discount. Yeah I have a free refill at times for the juice.




The last one that I got was thru Cardless withdrawal from Security Bank

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From 45 PHP fee from Cebuana, then 20 PHP fee from G-cash now we have 0 fees for processing a withdrawal from Security Bank . Isn't it amazing! yeah I am over reacting on that but hey extra savings would really mean a lot this time. Plus the nearest branch is just a walking distance from my place 25 mins walk.

So from now on, rather than going to the nearest Cebuana Branch that is costing me extra I will be using Security Bank on my withdrawals in that way I can save some more money.

That's all folks that I can share! Hope that somehow I gave you some ideas just incase that you are not aware of the fees involved when cashing out to coins.ph just like me.

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