Buying cryptocurrency like bitcoin (BTC) and ethereum (ETH) in the Philippines need not be overly complicated, so here in BitChikka, we’ll show you how to do it in the simplest way possible.    

Cryptocurrencies available in the platform

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • BitcoinCash (BCH)

Steps how to buy bitcoin and other cryptocurrencies using coins.ph

Step 1: Register with coins.ph
Sign up an account on your browser or in the app.

Step 2: Choose an outlet to cash in (fund your account)
Cashing in is another term for adding funds to your coins.ph Peso wallet, a digital wallet that allows you to transact with other users online. You can cash in through the following coins.ph’s merchants and partners:

Step 3: Enter the amount to cash in and pay at the outlet
Your receipt will show specific instructions based on the method of payment you choose.

Step 4: Convert pesos to bitcoin (BTC), ethereum (ETH), Bitcoin Cash (BCH) and Ripple (XRP) 
Once the funds are in your peso wallet, choose Convert from the main screen to convert your pesos to your preferred cryptocurrency and voila! You now have a cryptocurrency in your coins.ph account.

Note: Converted cryptocurrency can be viewed in the corresponding crypto wallet, e.g., BTC can be found in BTC wallet and XRP can be found in XRP wallet. 

Why should you buy BTC in coins.ph?

  • It’s fast, easy and seamless
  • Web and app services available
  • You don’t need a credit card or bank account to use the service
  • Multiple ways to cash in
  • Support is impeccable

Minimum cash-in amount:  PHP 15 except for 7-Eleven instant cash in, which is PHP 20.

Transaction fee

Bank Deposits/Fund Transfers
P15 to P1000: P10 fee
P1,001 to P4,000: fee of 1% of deposit
Above P4,000: P40 fee

Cebuana
Fixed fee of P90

Globe GCash
P15 to P1000: P 10 fee
P1,001 to P4,000: fee of 1% of deposit
Above P4,000: P40 fee

M Lhuillier ePay
P15 to P1000: 5% M Lhuillier fee + P10 Coins.ph fee
P1,001 to P4,000: Php50 M Lhuillier fee + 1% Coins.ph fee
Above P4,000: Php50 M Lhuillier fee + P40 Coins.ph fee

Palawan Express Pera Padala
P1 – P500: P20 fee
P501 – P5,000: P30 fee
P5,001 – P50,000: P40 fee

7-Eleven Seven Connect
P20 to P100: free
P101 to P20,000: 2% of the deposit

Bayad Center
PHP 50 – P100 – FREE
PHP 101 – P50,000 – 2% of the deposit

TouchPay
2% of the deposit

eTap
3% of the deposit

For 100% fee rebate cash-in
UnionBank online or UnionBank over-the-counter cash in

Things to remember

  • Account security. Never share your account information with anyone else. Avoid writing it down and storing it on places that can be accessed by anyone.
  • Paying for online items. Transactions are irreversible once sent, so make sure to get the correct wallet address of the recipient. If you are unsure of the person you are sending the money to, use e-commerce services that can provide escrow-like services like Shopee.
  • Invest wisely. Only invest what you can afford to lose. Cryptocurrency trading should never be deemed as easy money.

Disclaimer: BitChikka does not provide financial advice. The price action analysis is solely based on the writer’s personal research and interpretation.

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