COINS.PH Review: I Finally Tried CoinsPH For 9 Days And This Is What Happened.. | The Investing Engineer PH

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COINS.PH Review: I Finally Tried CoinsPH For 9 Days And This Is What Happened..

coins.ph review

At first, I was skeptical of using Bitcoins as a means to get paid on my online ventures. The reason is that Bitcoins are unregulated and very volatile. There’s just too many risks when dealing with Bitcoins.

But all that changed when I was introduced to Coins.Ph.

In this post, I’ll discuss what Coins.Ph is all about, the advantages and disadvantages of using their service and a quick tutorial on how I cashed out my money through my BDO bank account.

Let’s begin!

Disclosure: This post contain lots of affiliate links which means that if you click on a link and complete a purchase, I will earn a commission (Thank you!). But don't worry! I'll try not to let this monetary relationship sway my recommendations. Always do your own due diligence before making any purchase decision. With that, let's roll!

coins.ph review

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Coins.Ph Review: What's It All About?

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.

Last March 1, I decided to make an account with them to use it to receive payments on some of my online ventures. I’ve been using it for nine days now and so far I’m satisfied of the lightning speed transactions.

So here comes my honest review about their services based on my experience and why I recommend them if you are an online entrepreneur.

See What's Inside The Dashboard

Making an account is easy, just click here and follow the steps in their account sign up form and after that, you’ll be taken to the dashboard as shown below.

coins.ph review

When you open an account with them, you’ll be given two wallet addresses. You can see them in the My Wallet tab; a Peso wallet and a BTC wallet. The Peso wallet uses PHP denomination while the BTC wallet as you guessed it, uses the Bitcoin denomination BTC.

The Peso and BTC Wallet is a series of numbers and letters that acts like a bank account inside the Blockchain. With it, you can send and receive Bitcoins anywhere in the world.

The other tabs on the top consists of the following;

  • The Add Money tab shows you the options on how to fund your account.
  • The Cash Out tab shows you your options on how and where you can withdraw your money.
  • The Buy Load tab is where you can reload prepaid credits on your phone using your account.
  • The Pay Bills tab is where you can pay bills like utility, insurance, credit card bills, school tuition fees, etc.

Peso And BTC Wallet; So What’s The Difference Between The Two?

For example, if someone sends you $100 worth of Bitcoins in the Peso wallet, it will be automatically converted to PHP depending on the Dollar exchange rate. If you use the BTC wallet to receive the $100, you will then receive the corresponding amount of Bitcoins depending on the BTC exchange rate.

  • In my experience, there's no problem sending money from your PHP wallet to any other Bitcoin wallet outside Coins.Ph. The system just converts it to whatever the exchange rate is on the receiving end.

Is Coins.Ph A Reliable Payment Processor?

To answer this, I tested it myself. I tried to add PHP 2,000.00 using my BDO account in my BTC wallet. There’s a procedure in the Add Money tab when you click the option for BDO Bank. It charged me a transaction fee of PHP 20.00 as shown below. In less than an hour, I received the corresponding Bitcoins in my wallet.

coins.ph review

Since my account is only new, I was only limited to receiving Php 2,000.00. There’s a procedure to remove this limit. I’ll explain as I go on.

So after depositing, I did a transaction on a website using my newly purchased Bitcoins. It went smoothly.

To send money, click the Send to Another Wallet, enter the amount and the Bitcoin wallet address of the recipient then click continue and follow the next set of instructions. Here’s a screenshot of how it went.

coins.ph review

Loading your account and sending Bitcoins as per my experience is really that easy. There are a lot of ways on how to fund your account. You can try to load up through 7-eleven stores, Globe GCash, MLhuillier ePay, SM Bills Payment Center and a lot more.

Just check out the options on the Add Money tab.

Receiving payments is also very smooth. To receive money, just give your wallet address to the person you’re transacting with. Here’s some screenshots of some of my remittances. I used my Peso wallet this time so that the money is already PHP converted which is much better to avoid the Bitcoin’s price volatility.

coins.ph review

I’ve proven to myself that receiving money in Coins.Ph is very smooth and reliable.

Now, if you have BTC in your BTC wallet and want to transfer it into your Peso wallet and vice versa, there’s an option to do that in the dashboard. Just click on Convert to BTC or Convert to PHP below your wallet balance and enter the desired amounts.

I’ve converted the Bitcoins that were left in from my previous transactions to PHP and it works.

coins.ph review

How To Remove Limits?

When I made my account, I was 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.

In my case, I took a photo of my Driver’s License and a billing statement under my name. 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. Because I do some Internet Marketing work, I need these limits to be removed.

coins.ph review

Advantages & Disadvantages Of Using Bitcoin

The advantage of using this service is that it’s very fast. You pay and within minutes, the money arrives in the recipient. Same is true when you get paid through Bitcoin. Within minutes, you get your money. At such transaction speeds, Coins.ph is perfect for OFW's looking for remittance solutions.

The disadvantage that I see is that Bitcoin transactions are irreversible. If you had mistakenly sent money to a fictitious wallet, you can’t take it back.

I don’t know if filing a dispute will help but knowing the nature of the Bitcoin technology, this isn’t possible.

Bitcoins are also unregulated. If Coins.Ph goes under and you have a significant amount of money in your account, there's a possibility that you might not get it back - or maybe just partially. Currently, there aren't any laws protecting bitcoin users from such events.

How To Cash Out Your Money Using A BDO Bank Account

So after using it for a while, I then tried to transfer money back to my BDO bank account for the first time and it took approximately 5 hours for a successful transfer. Here’s how I did it.

What you need to do is click the Cash Out tab on the dashboard, Select Bank and click on Next Step.

Enter the amount you want to transfer. In this example, I want to transfer Php 2,797.36. Enter it and click on Next Step.

Enter your Bank Account Number, Account Holder Name and your Mobile Number if you want to receive a text message when your funds are already credited in your bank account. After that, click on Complete Payment.

coins.ph review

You will receive a notification like the one below upon completing all the details needed. All you have to do is to wait for it to be processed. If you cash out before 10AM, the funds will be transferred before 6PM of the same day. Otherwise, it will be credited on the next business day before 6PM.

coins.ph review

When you finally receive your funds, a text message will inform you if you entered a your contact info. If you click on the Sell Order on your dashboard, you’ll see that the status is now Pay-out Sent.

coins.ph review

You’ll also receive a notification in your email that your funds are now sent.

UPDATE: I've also tried to transfer funds from Coins.ph to my Unionbank EON account numerous times. It also works. The procedures are similar as mentioned above. You just have to choose Unionbank as your bank.


There are also new ways on how to cash-out. The other options can be seen in the dashboard.

The Verdict

If you want a payment processor in the Philippines that uses the Blockchain technology that is fast and reliable, I suggest you try out their services.

This ends my Coins.PH review. I hope that you’ll find it very useful in using this service. It’s very convenient and hassle free in my experience. Try this and sign up in my affiliate link by using the button below so that we both get a bonus of Php 24.00 Php 50.00 each that will be credited to you and me after you verified your sign up.

For instructions on how to verify, watch the video below.

Have fun using Bitcoins with Coins.Ph!

P.S. Coins.ph has just gotten better! Starting January 31, 2017, instead of getting a bonus of Php 24.00, we now both get Php 50.00 each upon verified sign-up! So use my link so that we both make Php 50.00 each! Not bad right?

Get your reward while it’s still hot!

coins.ph review
coins.ph review

GET ₱50 CREDITS FOR FREE!

Get started with ₱50 to pay your bills or load your phone using Coins.Ph! Click the button below.

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  • Maria says:

    Hi Investing Engineer PH! This is Maria from Coins.ph. Thank you so much for featuring Coins.ph and your invaluable feedback. We are always happy to hear we have helped! Salamat! 🙂

  • Jess says:

    Scam alert, bitcoin mining investment, crediting through coins.ph. Do not invest, that is a scam and i am a victim. I was offered by a friend with bitcoin mining investment where it will promise to credit amount daily in your bitcoin wallet. Within two months time it will stop crediting, without getting back your money totally. This is the high tech paluwagan scam going on now. Be warry, do not be a victim.

    • That’s sad Jess. Bitcoin Ponzi schemes are rampant these days. Be careful of these programs that promises you hefty returns in a short span of time. You should invest in stocks instead.

      http://investingengineer.com/invest-in-the-philippine-stock-market-guide/

    • Miss B says:

      Hello, I have an FB friend who asked me to sign up for coins.ph and she said that you’ll have an income here. is it legit? Thank you and God Bless!

      • Hi Miss B,

        Yes it’s possible to earn an income through coins.ph referrals. But please avoid joining those Bitcoin ponzi schemes. They are scams. They pay you at first but run off with your money after a while. You may also run the risk of account cancellation through violation of Coinsph TOS.

        • kenneth says:

          hi sir? ask ko lang po? pwed ba ako mag invest dito sa coin.ph? paano po ba lumobo yung pera ko? ty

          • Hi Kenneth,

            Just to be clear, Coins.Ph is a remittance service na gumagamit ng Bitcoins as a means to transfer money. Alam natin na ang Bitcoins ay lumalaki ang value but it doesn’t mean na magtutuloy-tuloy ito habang buhay. Minsan tumataas at minsan naman bumababa. Volatility ang tawag diyan at kung hindi mo kaya sikmurain ang pagtaas at pagbaba nito araw-araw, huwag po kayo maglagay ng pera dito.

            Ganunpaman, maari naman na kumita sa Bitcoin kung mabibili mo ito ng mababa at mabebenta sa mataas na presyo kagaya ng Forex o palitan ng Dolyar sa Piso. Paalala ko lang po na ang ganitong klaseng paraan ng pagkita ay nangangailangan ng masusing pagaaral ng Financial markets.

            Lastly, magingat ka sa mga nagkalat na Bitcoin scams na nangangako ng garantisadong interes araw-araw. Ponzi schemes po yan at kung sasali ka sa ganyan, may tsansa na i-lock ng Coins.Ph ang inyong account dahil illegal po yang mga ganyan.

            Goodluck Kenneth!

  • Pol says:

    Hi, ask ko lang po if okay gamitin ung bills payment nila?

    • Hi Pol, Hindi ko pa natry gamitin siya sa bills payment eh. Ginagamit ko lang siya sa ngayon to move money from coins to BDO and vice versa.

      • Toni says:

        Hi Payment of bills via coins.ph is fabulous i never encounter errors when i pay my electric bill, water bill and my telecom bills. Thank you

    • Kat says:

      Hi! Yes. I always use coins.ph for paying my bills, top up my phone. Good sya sa business ko honestly. 🙂

      • marcie says:

        Hi Kat. I’ve also been using coins.ph for topping up my phone and paying monthly bills, but medyo i’m in doubt if kumikita talaga through cp load kasi coins.ph charge like 10% for every cash in and only 10% lang din and “commision” per top up. Hindi ba lugi?

    • DIVINA BATIN says:

      Yes. Ok gamitin yong bills payment. Print mo lng receipt after.

    • Angel says:

      I’m just new to Coinsph but I trusted it and tried to pay my bill (Cignal) and it works. no need to go to bayad center..

    • These are wonderful testimonials from people who used coinsph as a means to pay bills.

    • Ruthsel says:

      Hi

      Ok na ok ang bills payment nila me ginagawa ko siyang business sobran dali iprocess 💯% ok siya may instant 5 pesos pa ng balik sayo bawat bills na binabayaran mo pag madami bills mo weekly may another allowance pa siya na ibibigay sayo 900 weekly ok na ok na sakin haping hapi na ako jan

  • Fyiang says:

    hi po!

    can I use my prepaid VISA card from BPI to load funds to my Coins.ph peso wallet instead of cash?

    thanks!

    • Hi Fyiang,

      Is that prepaid VISA card a debit card? Kung oo, I believe puwede; parang bank transfer lang mangyayari. Pero kung credit card siya, hindi yata kasi wala ako makitang option pa sa dashboard na puwede magtransfer through credit cards.

      Mas maganda if you can ask your query to them here to be 100% sure. https://coins.ph/contact

      • Fyiang says:

        its a prepaid card, like I need to deposit funds for me to use the card. it’s not like a credit card that the bank will provide credit limit.

  • Fyiang says:

    do I need to link my card? or sort like that?

  • drim says:

    I just want to know how can buy a btc using my tbc (the billion coin)?
    Im a stake holder of the billion coin or TBC.

    THANK YOU

  • Renz says:

    Hi, mhirap ata basta magtiwala kung wla DTI approval. Sana ipalabas sa tv patrol at ipromote muna. Kasi you give them your personal bank info. What if may hack ito mkukuha yung bank money mo through atm?

    • isa says:

      Paano mangyayari yun e account number and account name lang yung gagamitin mo to transfer from coins.ph to your bank? anong maha-hack dun?

    • Hi Renz,

      May security features naman ang coinsph. Hindi din basta-basta mahack ang mga accounts not unless na makuha nila directly yung pin and passwords mo through phishing websites.

      Just make sure na hindi mo din gagamitin yung coinsph account mo sa fraudaulent activities lalo na yung mga ponzi bitcoin make money online schemes. If I’m not mistaken, bawal yun sa terms and conditions ng coinsph.

    • Abs says:

      You may also cash in through 7-11 stores which I am currently using. 🙂 I don’t do bitcoins. And yes hopefully may publicity sila kasi very convenient sa bills payment.

  • Rex says:

    Hi po can i ask how to invest stocks in stockmarket or how about forex trading?thanks…

  • john says:

    pwde ko bang gamitn ung bitcoin address sa kaht anung online bitcoin companies?

    • Hi John,

      Technically I don’t know. Pero baka puwede kung yung BTC company eh magaallow na gumamit ka ng wallet address from different third party provider. Sa coinsph kasi, kung may dati ka nang wallet, dimo yun magagamit. So kailangan itransfer mo na lang yung BTC mo sa bago mo wallet. You can ask coinsph about it para mas malinaw.

  • Farhan says:

    Hi sir, I want to have a business like MONEY TRANSFER! that is concern for BITCOIN, how do I start?

  • teresa says:

    Hi there! I signed up under your referral. Is it okay if I contact you if ever I have some queries? Hope to earn from this site.

  • Buen says:

    HI sir, do you happen to know if coinsph transact using PAYMAYA.?like transfer coinsph balance to PAYMAYA and vice versa? or coinsph re able to sync virtual VISA CARD for online payment?

    • Hi Buen, coinsph already has that feature. You don’t have to use Paymaya. You just need to activate the coinsph Visa e-money card in your account. You can fund the card through your coinsph account. It’s a new feature that has been released just recently.

  • Anthony V. Karagdag says:

    is metrobank and ps bank accredited to coins.ph?

  • mirawell ong says:

    kapag may laman po ung peso wallet ko, tapos cinonvert ko po sa btc may maidadgdag po ba?

    • Hi Mirawell,

      Di ko magets yung question mo, are you talking about fees? Kung yun ang tinutukoy mo, wala. Pero take note na magkaiba ang buying at selling prices ng Bitcoin. Iba ang presyo kung bibili ka at iba din kapag magbebenta ka na. So kung may plano ka bumili at magbenta for profit, i-consider mo yun.

  • Michelle says:

    Hi, signed up on coins.ph using your code. Hindi pa ako masyadong familiar sa bitcoins pero gusto kong i-explore itong option na ito. Bookmarking your site just in case may mga tanong ako. Thanks in advance. 🙂

  • angela says:

    i think i can only earn from referrals… but cashing in would mean paying fees which if more than what you will be earning

    • Hi Angela,

      Trading Bitcoins needs a specific skill set called Technical Analysis. Traders from Forex and the Stock Market knows this. Trading will be profitable if you can determine the right entry and exit point but take note that speculating price movements is a risky venture.

  • Heo says:

    Hi. I just like to ask if I can print a receipt of my transaction as well. for ex. I wanted it to use as a business I wanted to givw receipt to my client. Will I be able to do that?

  • Miely says:

    This is a good review. Everyone needs to be enlightened on how to use and what the opportunities you may get from coins.ph . Thanks for sharing this! 🙂

  • Hi, this is a very good review.
    I am actually planning to open my coins.ph account but I already have my coinbase account. I see that you have reviewed mainly for the bank transfer, can you enlighten me also how to put money in coins.ph account via 7/11? is it possible overseas as I am living in UAE.

    Anyway, for those interested in bitcoin faucet and how to earn, I have made a review on my blog. This is up to date and I have proof of earnings!

    Thanks!

    https://earningbitcoinssite.wordpress.com/

  • dhebie says:

    hi how to start a bussiness like coin.ph what are the requirements.

    • Hi Dhebie, not sure of your question though. Coins.ph is a bitcoin wallet service. If you have an existing business or you are a freelancer, you can accept payments using the system.

      If you’re referring to the referral system, well you can make P50 per referral everytime someone who signs up under your referral link. The one you referred will also make P50.

  • Maricar says:

    Paano ka kikita dito?

    • Hi Maricar, puwede ka magrefer ng mga tao na gusto gumamit ng coins.ph. Pag may narefer ka at nagvalidate, kikita kayong dalawa ng nirefer mo ng P50. Puwede ka din magtrade ng bitcoins by using technical analysis just like in forex and stocks.

  • mike says:

    Hi,

    gusto ko lang po itanung kung panu po mai prove ng coins.ph na hindi sila biglang mawawala, if ever mag cash in po kami ng php equal to 1 btc, thousands of pesos po yun tapos biglang mawala yung coins.ph saan po kami kocontact sainyo ???

    • Hi Mike,

      Paumanhin dahil hindi kasi ako legal representative ng coinsph so I can’t deny or confirm any information about that. Isa din ako sa maraming tao na gumagamit ng serbisyo nila. Ang maipapayo ko siguro ay kung inaalala mo yung risk ng permanent loss of capital kung bigla sila mawala, puwede siguro limitahan mo na lang ang paggamit ng serbisyo nila o di kaya ay magsaliksik pa ng ibang reviews o feedback ng mga tao na matagal ng gumagamit ng serbisyo nila. Ito ay mabisang risk management upang malimitahan natin kung sakali na hindi umayon ang pagkakataon sa ating nais.

      • Mike says:

        I think this is a good opportunity to earn like such forex trading, of course you need sufficient funds equivalent to 1 BTC to be able to earn better di po ba?.
        Anyway, thank you for your clear answer.

        • Yup. In trading BTC, you need sufficient knowledge on trading patterns, support & resistance and candlestick chart patterns reading. Also consider the fees involved while trading to maximize gains. Or you can instead invest in BTC and hope it will appreciate in value in a few years.

  • Ezekiel says:

    Sir once na mag add money ba ako sa coins.ph may equivalent bitcoin na ba yung ? or kailangan ko pa sya iconvert ? and as you posted, saang market mo ginamit yung bitcoins mo ? thanks !

    • Hi Ezekiel, bale dalawa yung wallet sa coins. PH wallet tska BTC wallet. Para di ka na magconvert, pag nagload ka, sa PH wallet mo ilagay para hindi siya apektado ng exchange rate. Kung 1k ang nasa PH wallet, 1k lang yun kahit magbago presyo ng btc. Kung gusto mo sumabay sa palitan, sa BTC wallet mo ilagay para pag kinonvert mo sa peso, magreflect yung current na palitan.

      Yung bitcoins na ginamit ko, used for purchasing sa sites. Example sa Steam games, and pangload sa cellphone.

      Hope this helps.

      • Conan says:

        Hi,
        question lang po, so bakit pa po tayo mag coin ph? I thought it is a business na you are going to invest? I don’t know the details pero gusto ko ssana matutuhan if pano kumita using btc.

        • Hi Conan,

          Hindi online business ang Coins.ph. It’s a bitcoin wallet service. Karamihan like myself use Coins.ph to enter the bitcocin markets. Kung may time ka, puwede ka mag-aral ng technical analysis on how to trade bitcoins.. Or yung iba naman, naghohoard lang ng bitcoins with the belief na tataas ang value nito sa hinaharap.

  • reyj says:

    Hello. Alam nyo po ba kung bakit magkaiba yung Buy value at Sell value ng bitcoins? Di ba talaga pedeng magkapareho cla? Ganyan rin po ba sa stock market, o sa ibang bitcoins wallet? Salamat po. Tingin ko po kc pag sinubtract mo yung dalawa ang resulta ay yun yung kikitain ng coins.ph sa pag invest mo sa btc, masyado nm atang malaki kung ganun

    • Hi Reyj, ang tawag diyan ay Spread. Sa stocks naman, may fees and taxes na binabayaran kada buy and sell kaya pag bumili ka ng stocks at 1 php per share at binenta mo ng 1 php per share dn, lugi ka na dahil may mga fees ka na babayaran dun pa lang sa pagbili at sa pagbenta. Sa BTC di ko sure bakit may ganyan. Sa stocks kasi, may breakdown nung fees na yun. Actually, kahit saang BTC services ganyan eh. Kahit sa ibang BTC exchange/wallet services, may spread ang mga wallet accounts. It’s best if you’ll ask coinsph about that. Sumasagot naman sila pagdating sa mga inquiries.

      Hope it helps.

  • carol says:

    Hello po.Tanong ko lng po kung bkt “unable to login with provided credentials” account ko at kung papaano po siya maaayos. please help

  • steve says:

    Hi,

    What do you think of cryptocurrencies? I have invested in some platforms like XRP and Ethereum.

    • Hi Steve,

      Cryptocurrencies carry the risk of permanent loss of capital because of the nature of the technology itself. It’s also not regulated. The value of these depend on many factors and market sentiments. It’s also volatile. Know the risks and invest only at minimum quantities.

  • steve says:

    They are crooks!!! Ingat sa rates, pagbumili ka ng bitcoin which is currently at $2158/BTC, sa kanila e tag Php 135,470/coin, walang hiya $63 is to 1 pesos? Anong exchange yan? Not counting their fees pa… please tell people about it.

    • Hey Steve, that’s called “spread”. In financial markets, buyers are willing to buy it at X price while sellers are willing to sell it at Y price. The difference between the two is the spread. Malaki ang spread ng BTC because it’s very volatile. The prices are affected by how people perceive the value of it.

    • jehzlau says:

      Yeah. I noticed this too. Buy ka nalang sa buybitcoin.ph and save around P27000 pesos. Current rate nila around 144k, while sa buybitcoin is 117k. Laking tipid! Around $550 cheaper yung rate ng buybitcoin.ph if compared to coins.ph. Then you can sell it at coins.ph for a higher sell price. Haha!

  • ben says:

    hello coins ph , ask ko lang kung , yung coins ph is a type of bitcoin wallet?
    and pano ko mababayaran electric bills dito sa dagupan city, like DECORP(dagupan electric corp.) and also same with the water bill?

    thanks

  • Marc says:

    Hi sir ask ko lang po kung ang coin.ph po ba will accept satoshi fund? thx

  • jayce says:

    Hi Sir,

    ask ko lang po if pede i-link ang paypal accounr dito? and if pwede po how? please advise. Thank you.

    • Hi Jayce,

      It’s not possible. Puwede ka lang magcash-in tsaka cash-out through their partner banks and establishments/remittance centers.

      Pero baka i-consider din nila ito in the future because of increasing demand.

  • Hello everyone…
    Ask KO lang po kung bakit yung naginvite po sa akin pinapalagay sa occupation is data encoder, source of income is freelancer at 2captcha sa company?
    First step is pinapadownload po ang coins.pH sa play store saka maglog in.
    Panu po ba sumali? Kasi not enough space po ang cellphone KO. Diko po madownload ang coins.pH.
    Thank you!

  • Good evening!
    Ask KO lang po kung member ka na ng coins.pH need mo pa po ba mag sign in sa 2captcha? Para daw sa kita yun.
    Salamat.

    • Hi Zed, I don’t know what’s 2captcha. Most websites out there are scams – Ponzi Schemes to be specific. These sites promise you daily BTC withdrawals by investing in them. They initially pay for the first few days and disappear just like that taking the rest of your money. I advise you avoid anything that sounds too good to be true.

      I only advocate 2 legitimate ways to make money in BTC – 1) To HODL for long-term, and; 2) Arbitrage. The rest are just scams. Take due diligence before investing your time and hard-earned money. Good luck. 🙂

  • Good morning….
    Thank you for the information.
    Can I invite a friend who is working abroad? And how they can send money from there? Where they should pay?
    Thank you!

  • juna says:

    bakit hndi na ako makasign.in sa account ku..

  • Edwin says:

    Hi. Done signing-up using your referral code. Although not so familiar with this, magandang masubukan na din.

  • jayson says:

    hello!,

    Good Day. Ask lng po kung sino dito may experience sa coinage.ph. Gusto ko po kasi try mag trade.

    Salamat

  • Vinczar says:

    Hi pano po magcash in ang nsa jeddah na kapatid ko and canada?

  • Hatputito says:

    Hi sir Mark!

    Interesado sana akong mag-sign up sa coins.ph, but I’m still researching about this and nagbabasa pa ako ng reviews like yours.

    Marami akong nabasa sa Facebook page ng coins.ph na negative comments, mostly ay mga naka-experience ng biglaang deactivation/blocking ng kanilang account or mga walang update sa kanilang cinash out na money for weeks or months now [na ang nirereply lang daw sa kanila is ifofollow up daw ito sa coinsph team, etc].

    How’s your experience so far after a year of using it po? Ano kaya ang mga dapat or hindi dapat gawin sa paggamit ng coinsph para maiwasan ko rin ang bad experiences na ito?

    Regards.

    • Hi Hatputito,

      Ang isang importante sa lahat eh wag sasali sa mga bitcoin ponzi schemes, bawal yun sa TOS nila. Iniiwasan kasi nila na magamit sa scams ang services nila so kapag nadeactivate ka, it means na baka yung sinasalihan niyong mga get-rich-quick-schemes na yan na nakadisguise as legit money-making opportunities pero w/ close scrutiny eh ponzi scheme pala. And iniiwasan din nila na magamit ang services nila sa money laundering. Gamitin lang natin siya kung paano siya dapat gamitin (e.g. paying bills, purchasing, e-load). At kung gusto naman kumita, gamitin ang referral code at magrefer ng gusto gumamit ng services nila.

      About sa mga cinash out na money, may support naman sila and maganda kung matawagan sila through phone. And always keep a record kung kailan nagfollow-up. As a customer hindi naman masama magcomplain lalo na kung mabagal ang pagsagot nila sa mga queries.

      Lastly, wala ako problem sa coinsph. I cash out through Unionbank and BDO and I get it within the day or the next business day.

      Hope this helps.

      • Hatputito says:

        Hi sir Mark!

        Thank you for the fast response. 🙂

        I see, so most probably yung mga naka-experience ng deactivation ay dahil sa bitcoin ponzi schemes or other scams, if I understood it right? x’D

        Maliban po kasi sa plano ko itong gamitin as a means for paying bills or buying load, nais ko rin sanang magtrade sa BTC. Small amount lang naman. Like magcoconvert ako from my PHP wallet to BTC, then kapag tumaas ang selling price compared sa price when I bought it ay icoconvert ko pabalik sa PHP. Then the cycle goes on. Pwede ko po kaya iyong gawin sa coinsph?

        That’s good to hear about your experience. 😀

        Regards.

        • Yep. Ayaw ng coinsph ng ganun.

          You can trade BTC pero consider the risk. Tsaka sa ngayon malaki ang spread eh. And also aware ka ba sa ‘hard fork’ na mangyayari sa Aug. 1? If not, please also consider it. Sa ngayon downtrend ang BTC dahil diyan sa anticipated event na yan.

          If ako tatanungin, holding is much better than trading. Buy when price dips. Malakas ang conviction ko na BTC will increase in value overtime kasi game changer ito. So hold as many coins habang maaga pa, then let’s see after 5 years saan dadalin ng BTC ang cash natin.

  • hiei says:

    newbie po.

    so kelan ang tamang time na bumili ng btc? before or after ng hard fork event?

    • Hindi natin masasabi yan. Puwede ngayon kasi puwedeng after ng fork maging okay na ang price umangat bigla. Puwede din hindi kasi baka bumaba lalo ang price dahil sa fork. This is speculation – marami factors na puwede mangyari. So caveat na lang and let’s see what will happen.

  • NJ says:

    Thanks!

    Today, the value of 1BTC to PHP since the time you wrote this guide has gone up to almost 6-7 times. I should’ve bought back then! Sayang!

  • Mitch says:

    Hi i am new to coinsph..75% palang po ung progress ko sa “Get started with coins”..wala pa ako ung “Add funds” kelangan ba muna yun para makapagsimula ng referrals at para magamit account mo? kelangan mo muna mag add nung sinasabi sa 7-11?…

    • Hi Mitch,

      I think you can already refer your friends the moment you signed up kasi may personal link ka na agad na puwede i-share. What I did is nagverify lang ako then I used it for some purchases.. Then nagstart na lang din ako magrefer as a side income.

  • cha says:

    Hi, I’m a little confused on how to cash in thru unionbank. Should i fill-up the deposit slip or the bills payment slip? I have tried 7-11 a few times, but their machine mostly goes offline and it takes time to wait it to function again.

    Thanks 🙂

  • ako si batman says:

    Where can i find the company profile. How many employees? What is the revenues etc. thanks.

  • Lorenz says:

    I’m wondering.. Pwede ka magexchange ng Peso to BTC and vice versa also with dollars.. My question is kapag may 1BTC na ako other than the exchanges thru real money, how can my 1BTC grow by itself?

  • Mike says:

    Hi,
    I just signed up using your referral link but didn’t get my 50 PHP.
    Thanks.

  • nezza says:

    hello can i ask if ok lang bah na voters certificate ang gagamitin ko para maverify po ung account ko dito?

  • nezza says:

    hello po, student po ako tapos hindi pa pwede makuha ang aking voters id.,,pwede po vah na school id or alumni id ang gagamitin ko para maverify po ang membership ko dito or account dito…hope to hear u soon…tnx po

  • Ryan says:

    Sir, i just want to ask regarding with the cash out and transferring it to the bank account. i have a checking account on bank of commerce. Two names are listed as account holder, kailangan ko ba ilagay ang dalawang names or kahit isa lang pwede na?

  • Cherryl Apat says:

    i have already a new account with different name of referral.. Today i made another different account because my referral is of different person already. How can i made my latest referral be my referral to my previous account so that i will not apply again for a new account. I will make use my old account

  • Marlon says:

    Good day, Sir. I would like to ask po if I can transfer money from Pluggle to Coins.ph when my name in Pluggle is different from Coins.ph. Actually, baliktad lang ung apelyido ko sa Pluggle. Please advise.

    Also, can I delete my second account in Coins.ph? Ung isa kasi nagtry lang ako kung ano tong coins.ph. Ngaun I am trying to make a verification dito, nabasa ko na isa lang dapat ang account dito.

    Thank you very much.

    • Hi Marlon, I’m not familiar kasi with Pluggle so I can’t give any comment on that.

      About account deletion, of course puwede magdelete. Have one account lang tapos have it verified para magamit mo full potential ng services nila.

  • Jean Cai says:

    Hi,

    Do you idea about Bitcoin Land? Yung networkingtype.

    Thanks!

    • Hi Jean,

      If it’s a networking type, then probably, it’s a Ponzi scheme.

      Mas ineencourage ko na maghodl na lang or magtrade kaysa sumali sa mga ganyan. Bitcoin-based Ponzi schemes usually last 6 months. Matagal na kung umabot ng 1 – 2 years. Madali lang kasi magcollapse yang mga ganyang business model.

      Marami din namang altcoins maliban sa Bitcoin which I find more profitable dahil mura pa siya and may mataas na upside. Mag-swing trade or hodl na lang if you really want to get a piece of the pie.

  • Jean Cai says:

    Hi po,

    This is the one I’m referring to https://bitcoinland.biz/

    Is this a ponzi scheme?

    I’m just making sure cause my officemates are into this.

    Thanks!

  • Jean Cai says:

    What really is a ponzi scheme po ba? Ano po ba alam niyo dito?

    Thank you so much.

  • Conan says:

    Hi,
    Paano po ba palaguin ang bit coin? I already have a coins.ph account since last year. Then out of the blue, naisipan ko I open uli, and I found out na meron ako close Php 500 in my account. Which I don’t know if san galling.
    gusto ko sana mag invest or palaguin pa, since sabi nga this is a legitimate business.
    Please kindly send me an e-mail to discuss further. My e-mail is also my account.
    More power
    Thanks

  • Bet says:

    Hi,

    I’m planning to trade other currencies and is thinking of opening an account with coins.ph. One of my concerns is that i’m not familiar with the ponzi schemes that are happening now. My question is how does this site/app filter through accounts that are taking part of those schemes and is there any sort of safety net when your account has been falsely closed?

    Also, would you suggest bittrex?

    Hope to hear from you soon

    Thanks

    • Hi Bet,

      Ponzi schemes claim they have guaranteed returns. 1% daily, 25% weekly… sort of like that. The payouts are the results of new investors coming in. When money that comes in slows down, payments stop and the scheme collapses. The perpetrators run away with your money, and after a while, they start new Ponzi schemes again. The cycle repeats.

      Yes, Bittrex is one of the most popular exchanges in the cryptocurrency markets. I’m using it and I recommend it.

  • maria rosela ricamara says:

    haist mali ang pagjoin ko sa coins.ph sobrang bagal nila magreply sa mga questions plus magagastusan ka pa… if you have banks or mga system like gcash dun na lang kayo magbayad ng mga bills nyo kesa idaan sa coins.ph kasi magagastusan lang kyo pagload nga lang tru 7-11 babawasan na agad ng 30+ ganun din pag ngcash out ka dame pa kung anu anung requirements para makaabot k sa limit nila ng pag cash out pera ko di ko mailabas kainis lang tlg!

  • Rich Bruce says:

    I have been using coins.ph for a few years now and have been very happy with their service. However, I have few words of caution:

    NEVER leave more than you can afford to loose in your coins.ph wallets. Store your main bitcoin in an off-line wallet like Mycelium (cellphone) or Electrum (PC). Store your main PHP in a bank or somewhere else safe. If coins.ph gets hacked or they decide to do a runner, you could loose all you have there.

    Coins.ph fees (their spread) is expensive compared to most other online exchanges, although they are reasonably competitive with other Philippines exchanges. Do not use coins.ph for trading (speculating on) bitcoin. Use one of the many other on-line exchanges that have fees a fifth to a tenth of coins.ph.

  • Sparc Lim says:

    Hi, is coins ph a business proposal or a service provider?

    regards.

  • Bet says:

    Hi,

    I just want to clarify. If i buy bitcoins and just leave them in the app, does that entail that the value will also rise and fall depending on bitcoin’s performance or will the bitcoin value stay stagnant to how much they were purchased?
    Hope to hear from you soon!

    Thanks!

  • Leo says:

    Hi! Thank you for this review. I would like to hear your insights about bitbond.com. I read great reviews about this for investment and would like to try and add a little bit of my investment fund to expand my portfolio (around 2%). Your blog helped me a lot specially in stock investing and i think that your suggestion would be much appreciated

    • Hi Leo, from the looks of the site, it seem to look as a bitcoin lending platform.

      I can’t really say if this is legit or not. Because of the proliferation of HYIPs and Ponzi schemes centered on bitcoin payments, I would advise to be cautious on this.

      The best way to make money on BTC is to either trade them on bitcoin exchanges or hodl. There’s also another way. If you know how to trade, then why don’t you try trading the BTCUSD pair in the forex market? BTC is volatile and I’m sure you’ll find tons of good trading setups from there.

    • BTW, if you like to trade the BTCUSD pair in the forex market, here’s a broker that I would recommend, Pepperstone. Link –>> https://goo.gl/WA66Wh

  • mark says:

    having problems with coins.ph
    already bought load. recieved sms from +63917773692* saying i got the load from coins.
    checked balance, nothing
    customer support unresponsive.

  • mark says:

    coins.ph is techincally not the best. biased post.
    you can say it is the only site you can actually buy btc/sell easily in ph

  • MnM says:

    coins.ph is just wallet right? It won’t raise your money nor your bitcoin?

  • Erwin says:

    Hi Sir, Pwede ba akong bumili ng BTC dito? Can I just buy and hold my BTC, a sort of savings or investment hoping to, ride the much hyped projection of 500KUSD = 1 BTC in 2020, kunwari?

  • Ruthsel says:

    I am very much happy with coins.ph service maasahan siya talaga
    Salamat at nalaman ko eto its a big big help sa buhay mo everyday iloveu coins👍💘💞

  • Kupal Lord says:

    Wow coins.ph ang laki nyo kumaltas sa sending bitcoin to bitcoin address hanep! sinasamantala ang digital currency nice. di pa nakuntento sa palitan sa kanila..

  • Grace says:

    Hi,

    If I sell my BTC wallet to PH wallet and cash-out, is there any processing fee? I saw your screenshot and I was wondering if there are any hidden fees, else how does coins.ph make a profit out of this?

    Thanks in advance.

  • Orl says:

    Hi po @ The Investing Engineer PH, using android saan po ba makikita yung personal link ng coin.ph na pwedeng magamit as referral.haha, Thanks

  • ava says:

    hi, nice blog!

    Question – is it possible to transfer funds directly from foreign bank account to my coins.ph account?

  • jermaine says:

    mahal magpadala ng bitcoin sa coins.ph

  • Ronskie says:

    No BDO option for Pay In and Pay out. BDO online banking lang meron ako.. What are the other ways to fund for OFW.

  • JDR says:

    Hello Investing Engineer,

    I used your link but so far I haven’t received any 50 peso reward. I already did the level 2 verification but I still need to wait for 3 business days. I am not sure if approved because I did not scan my SSS ID but just took pics of the front and back. Then the selfie was kinda hard to take because my SSS ID kept reflecting the light. I hope I will get approved.

  • Mary says:

    question lang po. magssimula pa lang po ako nang account sa coins.ph. I’d just like to know more what are the prons and cons of this facility.

    “Bitcoins are also unregulated. If Coins goes under and you have a significant amount of money in your account, there’s a possibility that you might not get it back – or maybe just partially. Currently, there aren’t any laws ​protecting bitcoin users from such events.”

    Can you explain it more po? TIA

  • Randell G Sales says:

    Hello The Investing Engineer Ph, I’m currently using a softwallet exodus to store my crypto currencies.. I want to exchange my btc to some omisego using that platform, however I couldn’t exchange it because the status is always showing “temporarily unavaible”. It has stayed like that for more than a month now, I checked online and saw another softwallet that has the ability to do exchange called Jaxx.. do you have any experience with that softwallet that you can share with me?

    My question in summary:
    1. do you have experience using Jaxx softwallet? if yes, what is your experience with it, is it safe?
    2. do you know any other softwallet where I can exchange my btc to omisego?

    thank you and looking forward to your response.

    • Hi Randell,

      I’m familiar with them but don’t have any experience using them. Medyo techy na kasi gamitin yan pero you have more control because you hold the private keys and seed keys of your wallets.

      I think sa reddit, marami ka information na makukuha dun regarding exodus and jaxx.

  • ernie says:

    marc good pm ask kolang kung pano e tranfer btc from coinf.ph to binance exchange,tnx

  • vicky says:

    Ask ko lang pano kung nawala cp pano maglogin at syempre bago dn ang sim gaya ko

  • marcie says:

    Hi everyone! I’ve been using coins.ph for almost three months now, and I use it mainly to pay monthly bills and to top up my phone. So far, I’m quite satisfied with how it works. It’s fast and reliable. It saved me time from going to bayad centers and waiting in long queues. However, I’ve noticed that although it only charges like 10% on top of every amount that I would like to cash in, it does not guarantee that one can really “earn/profit” from this because a “commission” of 10% everytime you top up your phone will simply not compensate for the 10% charge.

  • Gladys says:

    Gud pm . Sa pagbayad ng meralco bills kelangan po ba within the due date o kahit lagpas n sa due date? Ty po..

  • John Arvin Sagun Juta says:

    Is there an update to this app?, I have read various comment on this app on play store, they are bashing it because of the update of the app removed the load promos that it has on the previous version.

  • Vince says:

    Hi, any idea regarding bitcoin wallet thru coins.ph, palagay natin magclose ang coins.ph yung bang wallet ko mawawala din? Or nandiyan parin sa bitcoin ledger?

    • Dahil hindi mo hawak ang private keys ng wallet mo, considered na yan as lost as per my understanding sa blockchain tech. Nasa ledger pa rin yung bitcoins pero dahil wala yung private keys sa possession mo, lost na yan.

      About sa safety naman ng funds, hindi ko kabisado yung terms of use nila pero they specifically mentioned na hindi sila financial institution kagaya ng banko na may proteksyon ang accounts (PDIC).

      Magsasara lang naman sila kung mapatunayan na sila ay engaged sa scam or Ponzi Scheme which is highly unlikely.. Money remittance business ang Coinsph if I’m not mistaken. And siguro if ever na magcease na sila ng operations, I’m pretty sure na magiinform sila on how to liquidate yung funds ng mga users.

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