Invest In Coins Ph: A Beginner's Guide To Getting Started

Coins.ph is a cryptocurrency platform that allows users to buy, sell, and store cryptocurrencies. It is the most established crypto brand in the Philippines, with over 16 million users. The platform offers an easy and convenient way to invest in cryptocurrencies such as Bitcoin, Ethereum, and more. With a mobile app and website, Coins.ph provides a simple and fast way to get started with crypto. However, it is important to note that there are alternative platforms available that may offer lower fees and more competitive exchange rates.

Top up your Coins.ph account at 7-Eleven's Cliq Kiosk

Topping up your Coins.ph account at a 7-Eleven Cliq Kiosk is a straightforward process. Here's a step-by-step guide:

• Locate a 7-Eleven store with a Cliq Kiosk: 7-Eleven has thousands of stores in Metro Manila and across the Philippines, so finding one near you should be convenient.
• Go to the Cliq Kiosk: Once you're at the 7-Eleven store, head over to the Cliq Kiosk.
• Specify the Amount: At the Cliq Kiosk, input the amount you wish to add to your Coins.ph wallet. You can start investing in cryptocurrencies with as little as ₱5.
• Pay the Amount: After specifying the amount, proceed to the counter and pay the amount to the cashier. You can pay in cash or use other accepted payment methods at 7-Eleven.
• Funds Reflection: Typically, the funds will be credited to your Coins.ph wallet within minutes, and sometimes, it reflects immediately.
• Access Your Coins.ph Account: Once your funds are in your wallet, you can access your Coins.ph account through the Coins.ph mobile app or their website.
• Convert to Cryptocurrency: If you want to invest in cryptocurrencies, use the Convert button on the Coins.ph platform to turn your Philippine peso amount into your desired cryptocurrency, such as Bitcoin, Ethereum, or others.

Remember that investing in cryptocurrencies carries risks due to their volatile nature. Always do your research and understand the potential gains and losses before investing. Additionally, Coins.ph has a minimum account verification requirement of Level 2 (ID and Selfie verification) to buy, sell, and store cryptocurrencies.

Convert pesos to Bitcoin via the Coins.ph app or website

Coins.ph is the simplest and fastest way to buy, sell, and store cryptocurrency in the Philippines. It is the most established crypto brand in the Philippines, with over 16 million users. The platform offers an easy, fast, and secure way to get started with cryptocurrencies like Bitcoin, Ethereum, and more.

To convert pesos to Bitcoin via the Coins.ph app or website, follow these steps:

Top up your Coins.ph account:

You can add money to your Coins.ph wallet in several ways. One convenient option is to visit a 7-Eleven store and use the Cliq Kiosk to specify the amount you want to deposit. Then, simply pay the amount at the counter, and the funds will be added to your wallet within minutes, or even instantly.

Convert pesos to Bitcoin:

Once your Coins.ph wallet is funded, you can use the app or website to convert your pesos into Bitcoin. Here's how:

• Go to the Coins.ph app or website.
• Click on your Bitcoin wallet.
• Find and select the "Convert" button or option.
• Specify the amount in pesos that you want to convert into Bitcoin.
• Confirm the conversion, and the transaction will be processed instantly.

Benefits of using Coins.ph:

• Easy and quick conversion tool within the app.
• Recognized by the Bangko Sentral ng Pilipinas, ensuring legal and safe operations.
• No need for a bank account or credit card to convert pesos to Bitcoin.
• Ability to buy Bitcoin on weekends, unlike traditional banks.
• Low convenience fees compared to foreign Bitcoin exchanges.

Important considerations:

• Coins.ph requires KYC (Know Your Customer) verification, which may include sensitive information like your income source.
• There may be slight differences in buy and sell rates compared to global rates.
• Withdrawing or cashing out Bitcoin may incur fees, depending on the amount and the withdrawal method chosen.

Remember to always do your research, understand the risks involved with cryptocurrencies, and only invest what you can afford to lose.

Save and wait for the Bitcoin value to grow against fiat currency

If you're looking to invest in Bitcoin through Coins.ph, one option is to buy and hold, waiting for the value of Bitcoin to grow against fiat currency.

Coins.ph is a BSP-accredited platform that allows users to convert Philippine pesos into Bitcoin and vice versa. It is the most established crypto brand in the Philippines, with over 16 million users, and offers a simple, fast, cheap, and convenient way to buy, sell, and store cryptocurrencies.

To get started with buying Bitcoin on Coins.ph, you'll first need to link your mobile number to your account. Then, follow these steps:

Top Up Your Account:

• Go to a 7-Eleven store and locate the Cliq Kiosk.
• Specify the amount you want to deposit into your Coins.ph wallet.
• Pay the amount at the counter.
• The funds should reflect in your wallet within minutes, or even instantly.

Convert to Bitcoin:

• Open the Coins.ph app or website.
• Use the "Convert" button to turn your peso amount into Bitcoins.

Once you've purchased your Bitcoins, you can choose to save them in your Coins.ph wallet and wait for their value to increase relative to fiat currencies. This strategy is based on the expectation that Bitcoin's price will appreciate over time.

It's important to remember that cryptocurrencies like Bitcoin are highly volatile and carry significant risks. Always assess your risk tolerance and do your own research before investing.

Additionally, keep in mind that Coins.ph has certain fees and verification requirements. For example, there is a convenience fee for using the platform, and you'll need at least Level 2 verification (ID and selfie verification) to buy, sell, and store cryptocurrencies.

Send Bitcoin to other Bitcoin addresses

Once you have purchased Bitcoin on Coins.ph, you can send it to other Bitcoin addresses. Here's a step-by-step guide on how to do this:

Sending Bitcoin to Another Coins.ph Account

• Log in to your Coins.ph app or website.
• Go to the Portfolio tab and click the Withdraw button.
• Select "Send Crypto".
• Choose "Send to Coins Account".
• Input the registered email address or mobile number of the recipient.
• Select the cryptocurrency you want to send and enter the amount.
• Verify all the details before confirming the transfer.

Sending Bitcoin to an External Wallet

• Log in to your Coins.ph app or website.
• Go to the Portfolio tab and click the Withdraw button.
• Select "Send Crypto".
• Choose "Send to external wallet".
• Select the cryptocurrency you want to send and enter the amount.
• Input the recipient's wallet address or scan/upload their QR code.
• Ensure that the network you use matches the receiver's wallet address or QR code.
• Verify all the details before confirming the transfer. Remember, transfers to external wallets are irreversible and subject to confirmations on the blockchain.

Note that your Coins.ph account has multiple wallet addresses, each unique to the type of cryptocurrency you intend to send or receive. You can find your wallet addresses by clicking on the QR code icon in the app and selecting "My Code".

Convert Bitcoin back to pesos on a favourable exchange rate

Coins.ph is a simple, fast, and established way to buy, sell, and store cryptocurrency in the Philippines. It is recognised by the Bangko Sentral ng Pilipinas, meaning it is legally authorised to operate.

To convert Bitcoin back to pesos on a favourable exchange rate, you can use the Coins.ph app or website. Here is a step-by-step guide:

• Top up your account by visiting a 7-Eleven store and using the Cliq Kiosk. You can specify the amount you want to put into your Coin.ph wallet and pay at the counter.
• The money should reflect in your wallet within minutes, or even immediately.
• On the Coins.ph app or website, find the "Convert" button.
• Select your Bitcoin wallet.
• Click "Convert".
• Specify the amount in pesos that you want to convert from Bitcoin.

Coins.ph offers an easy and quick conversion tool within its app. It is important to note that there is a convenience fee, but it is still considered low compared to foreign Bitcoin exchanges.

Additionally, Coins.ph provides a safe way to buy and sell cryptocurrencies. It is BSP-accredited and requires KYC (Know Your Customer) verification to ensure the security of its users.

Frequently asked questions