Coins.ph is considered as the best and most well-rounded Bitcoin service in the Philippines. With its connections to local banks, remittance companies, corporations, merchants and a very user-friendly interface, it has been a favorite choice in the Philippines when it comes to buying and selling Bitcoin.
The company was founded by Silicon Valley entrepreneurs Ron Hose and Runar Petursson in 2014. Its main goal is to provide customers in South East Asia, especially the unbanked to have easy access to their finances directly through their mobile phones. Coins users are able to send remittances, pay bills, pay air-time and do online shopping at over 100,000 merchants using their mobile wallet. Coins is also available in Thailand.
Coins.ph offers an easy way for consumers to pay and to get paid. It provides a wide variety of services such as sending money, paying or getting paid, buying of air-time load, online shopping and of course buying and selling of Bitcoins. They offer a number of convenient payment outlets for their customers available all over the country such as 7-Eleven, Cebuana Lhuillier, ECPay and ML ePay.
The following are the options you can fund your Coins account:
- Cebuana Lhuillier
- M Lhuillier EPay
- SM Bills Payment Center
- Robinson’s Department Store
- Bayad Center
- LBC Bills Express
- Globe Gcash
- Security Bank
- BDO Online Banking
- BPI Express Online
- UnionBank Online Banking
Instructions for each options are available in their website.
Buying and Selling Bitcoins
Buying Bitcoins at Coins is easy. Once you have signed up an account, you can place a buy order where you will specify the amount, payment method and your bitcoin address. Same thing goes when you sell Bitcoins. Just place a sell order, enter the amount of Bitcoin you would like to Cash out and select a payout method. Then, you will be given with a bitcoin address where you can transfer the Bitcoins.
Products & Services
Bills Payment – consumers can pay their bills conveniently plus they receive rewards in using the service
Purchasing Game Credits – gamers can buy game credits through Garena Shells, Steam Wallet and MOLPoints
Red Envelopes – a fun way to send money to friends and loved ones through social media. The sender can set the amount, the number of people who can claim and how the money is split.
USD Virtual Cards – a fully functional VISA prepaid card that can be used online
Buying air-time load – available to all major telecommunication networks in the country
Other services include online shopping, payment request sending and referral program
The following are the options you can claim your payout from your Coins wallet:
Cardless ATM Instant Payout – users with or without any bank account can claim their cash-out at any Security Bank ATM
GCash – users can instantly transfer funds to their GCash wallet. GCash comes with a prepaid debit card where you can use to withdraw cash from any ATM.
Express Cash Pickup – users can claim their cash at any Cebuana Lhuillier Express Padala outlets nationwide. Processing time is within 10 to 30 minutes only.
Bank transfer – users can choose any convenient bank nationwide
Cash Pickup – available through LBC, M Lhuillier, Palawan, RD Pawnshop and Tambunting Pawnshop.
Cash Card – available through BDO Cash Card, RCBC MyWallet, Smart Money Card and Coins Cash Card
Sendah Remit – available through Tambunting Pawnshop, Camalig Bank, Maria Gracia Pawnshop, Via Express, Celer Business Center and Prime Asia Pawnshop.
Door-to-Door Delivery – payouts are delivered through LBC courier in two to three business days
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Are you new to Bitcoin? Read our articles – Ten things about Bitcoins that will make you become a believer and supporter and The definitive post about the History of Bitcoin