Coins.ph Review – How to use and what are the benefits?
When I first heard about bitcoins currency, I’ve been in search of how to have a bitcoin wallet. I have tried several wallets but didn’t stick to any of those. Maybe because it was not user-friendly. Then, one of my friends recommended coins.ph and immediately gave it a try. It was so easy to use and understand. I’ve been using this for around 2 years now. There are some programs that requires only bitcoin as a payment and if you ever come up to this situation, coins.ph will be your life saver. If you don’t have an account yet, you can register HERE
What Is Coins.Ph?
Coins.Ph is a Philippine-based company that facilitates money transfers using the Blockchain technology. In layman’s terms, it allows you to buy, send and receive Bitcoins to pay for your bills, deposit to your bank, load up prepaid cellphone credits and many more.
Bitcoin is the first decentralized cryptocurrency and was created in 2009 by a certain Satoshi Nakamoto. If you aren’t aware of Bitcoins yet, I suggest you read this article here.
When you open your account, you will see you have two wallets, Peso Wallet and Bitcoin Wallet. You have the option to convert your peso to bitcoin and vice versa.
Where and How to Top up my Coins.ph account?
There are many ways to cash in or add funds to your coins.ph account. See the screenshot below.
Personally, I would recommend to use Cebuana Lhuillier as they have the lowest transaction fee (P40) whatever the amount you would like to deposit. To cash in, just select the method you want to use.
After confirming the amount that you want to cash in, the system will generate a unique reference # which you will use when paying through Cebuana Lhuillier. Once payment is done, the amount will be credited to your coins.ph account instantly. Process may vary depending on the method that you will use.
How To Remove Limits?
The first time you will use your account, you will be limited to sending and receiving up to PHP 2,000.00. To remove those limits, click on Limits & Verification on the options on the upper right corner of the dashboard, then click on the desired verification procedure, fill-up the form and submit a scanned copy or a clear photo of the documents required.
I used my SSS id to verify my identity. I uploaded my id and submitted a selfie with the said id. The process took two days and now my limits are now maximized to PHP 400,000.00/day.
This means that I can receive up to 400k and send up to 400k Pesos also.
This is optional if you don’t plan to use your account very often. This is my account now after getting verified.
How To Cash Out Your Money?
Your coins wallet is not only for payment of bills, phone credits and many more. You can also cash out the amount in you wallet. Just like cash in, there are different ways to cash out your money. I would recommend cashing out through Security Bank as you will not pay any transaction fee unlike other cash out methods. To cash out, select the method you want to use and enter the amount.
How to Earn Rewards from Coins.ph?
Yes, that’s right! Users can earn rewards when using coins.ph by paying bills, buying load, cashing in and referring a friend. These are the different ways but referring a friend is the one I usually do. Every time a friend signed up using my link and got verified, I will receive P50 directly to my coins account. Not only that, coins.ph will also give P50 to my friend who signed up and got verified. That’s how generous they are. Below are ways to earn rewards.
To get all these benefits, first SIGN UP for a free account and get verified by confirming your phone number and submitting your identification. For any questions in using it or how to get started, you may email me at email@example.com.
I would personally recommend using this wallet because of the convenience I experience, hassle-free transactions. As an online marketer, this has been my best buddy.