Moneybees

Moneybees is a Philippine OTC service for buying and selling cryptocurrency through partner exchange points and an online desk. The company officially offers exchange of crypto into cash and back, and the fiat currency is the Philippine peso.

How it works Clients can deal through the online desk or visit a partner exchange point, which gives a choice between remote handling and a face-to-face cash transaction. The OTC format means that rates are quoted for each deal and not set by an order book.

Fees The website states that there are no additional fees beyond the quote. According to the service, any extra costs are included in the published price, so the quoted amount is the amount the client should expect to pay or receive.

Who it suits The service suits individuals in the Philippines who want to convert crypto to pesos in cash or buy crypto with pesos without opening an exchange account, and who value a personal OTC process.

Points to confirm The available description does not list the supported coins, the locations of partner points, limits, verification steps, licensing or the legal entity. Those items affect both cost and compliance, so a client should confirm them with the service before the first transaction, especially for larger amounts.