Neergaard WeeksDec 19, 2021 · 3 years ago7 answers Is it advisable to convert 100k PHP to USD in the form of Bitcoin or other cryptocurrencies?
I have 100k PHP and I'm considering converting it to USD, but I'm wondering if it's a good idea to do it in the form of Bitcoin or other cryptocurrencies. What are the advantages and disadvantages of converting PHP to USD using cryptocurrencies? Are there any risks involved? Will I get a better exchange rate compared to traditional methods? How easy is it to convert cryptocurrencies back to USD when needed? I would appreciate any insights or advice on this matter.