COINS.PH Review: All You Need To Know About Coins.PH (UPDATED!) | The Investing Engineer

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COINS.PH Review: All You Need To Know About Coins.PH (UPDATED!)

coinsph review

Welcome to my review!

I wrote this review so that you can understand what exactly is it all about.

Maybe someone told you that it's easier to deposit and transfer money in this platform. Maybe you were told that you can use to pay your bills online, load prepaid credits from your mobile phone or use as a remittance platform.

Whatever the case may be, this post will cover all the things that can actually be done in this platform.

Before you use, let’s go through this quick review to learn more about how the platform works.

In this post, I’ll discuss what is all about, what I like and don't like about it and a few easy-to-follow tutorials on how to use their services.

So here comes my honest review about based on my experience and my recommendation.

Let’s begin!

COINS.PH Review: What Is It All About?

Licensed by the Bangko Sentral ng Pilipinas (BSP), is a Philippine-based company founded in 2014 that facilitates money transfers using the Bitcoin Blockchain technology. By joining their platform, users will be able to access bank-like services and financial features directly from their smartphone, which would otherwise inaccessible.

The services they offer include online bills payment, bank deposits, remittances, loading up prepaid cellphone credits and many more. One of the company's mission is to increase financial inclusion across Southeast Asia's 650 million population, which remains largely unbanked.

Bitcoin is the first decentralized cryptocurrency and was created in 2009 by a certain Satoshi Nakamoto. I suggest you read this article if you don't have any idea what Bitcoin is.

Here are 4 reasons why you should use;

  • It's FAST. You can manage funds instantly and directly using your wallet or through their 33,000+ cash partner outlets.
  • It's CONVENIENT. You can do all you errands with just a few taps in your app. That way, you'll never have to wait and fall in line endlessly.
  • It's SECURE. Protecting your funds is priority. Their advanced security systems are built to keep your cryptocurrency as safe as possible.
  • It's TRUSTWORTHY. is the first virtual currency provider in the Philippines to be licensed and regulated by the Bangko Sentral ng Pilipinas (BSP).

While use digital currencies as a medium to transfer funds online, it shouldn't be used as an investing or trading platform. should be used as a mobile wallet. If you want to trade digital currencies, use Coins Pro instead.

How To Create An Account In Coins.PH

You can create your account by using a web browser, mobile phone (app), or even Facebook Messenger. After creating your account, you are requested to KYC-verify your identity by providing some personal information and presenting a valid government-issued ID.

To create an account, click here and follow the steps in their account sign up form. Make sure to use my referral code INVENG (as shown in the red box in the image below) when signing up so that we both get ₱50 each once you verify.

coins ph review

How To Sign Up To Coins.PH Via Facebook Messenger

The most convenient way to sign up is via Facebook Messenger. To do this, please follow the instructions below.

  • Search for the Bot on Messenger and click Get Started.
  • Click Sign Up.
  • Click Create An Account.
  • Enter your email/mobile number and create a password. Make sure to use my referral code INVENG when signing up so that we both get ₱50 each once you verify.

How To Get Verified And Remove Limits

When I made my account, I was limited to sending and receiving up to ₱2,000. To remove those limits, you have to be KYC verified.

KYC, or "Know-Your-Customer", is a BSP mandated requirement for financial institutions to collect certain information about their customers (such as ID & Selfie photos), in order to prevent fraud or criminal financial activities.

In layman's terms, doesn't want you to use their platform to engage in money laundering and shady financial activities. So to regulate their users, they need to "KNOW" you. KYC is pretty much the norm nowadays so don't worry about your data because it's also for your own protection.

Here's what you need to know about account limits. There are four (4) levels of verification.

  • Level 1 (E-mail / Phone Verification). Access to Cash-In, Pay Bills, Buy Load, Game Credits. Limits at ₱2,000 daily Cash-In, No Cash-Out.
  • Level 2 (ID & Selfie Verification). Access to Level 1 features plus Cash-Out, Trade Crypto, Remittances. Limits at ₱50,000 daily Cash-In/Out.
  • Level 3 (Address Verification). Access to all of Level 1 and Level 2 features. Limits at ₱400,000 Cash-In/Out.
  • Level 4 (by request). Access to all features. Custom limits up to ₱5 Million Cash-In/Out.

KYC verification will grant you Level 2 access and benefits, which should cover the needs of majority of people. Should you need higher limits of daily/monthly funds transfer, they can request Level 3 access by verifying their home address, or Level 4 access by providing additional documentation (typically used for businesses).

To remove the 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.

I can now access full suite of features and my Cash-In/Out limits are now maximized to ₱400,000/day.

Because I do lots of online transactions, I need these limits to be removed.

Here's a list of all IDs accepts to KYC.

  • Passport. (Passports are the only accepted ID for foreign users.)
  • Driver's License (including Student Permits with official receipt)
  • Social Security System (SSS) Card (date of birth must be visible on the ID)
  • Philippine Regulation Commission (PRC) ID
  • Postal ID (old postal IDs must have a photo of both front and back)
  • Unified Multi-Purpose ID (UMID)
  • National Bureau of Investigation (NBI) Clearance
  • Armed Forces of the Philippines (AFP) ID
  • Philippine National Police (PNP) ID
  • Bureau of Fire Protection ID
  • Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  • Department of Social Welfare and Development (DSWD) Certification
  • Government Service Insurance System (GSIS) e-card
  • OFW ID
  • Overseas Workers Welfare Administration (OWWA) ID
  • Police Clearance Certificate or Police Clearance Card
  • Seaman's Book
  • National Integrated Bar of the Philippines ID
  • Alien Certification of Registration or Immigrant Certificate of Registration
  • PWD
  • Voter's ID (Voter's ID will only be accepted if ID type indicated is also Voter's ID)

I recommend that once you sign-up, proceed with the Level 2 verification to access all of amazing features. You can also opt to stay at Level 1 but you'll never get access to the full features.

It's also important to note that once you verify, operations team might conduct random verification calls to you. review

How To Cash In Funds In has many cash in partners including 7-Eleven, Bayad Center, MLhuillier, LBC, Palawan Pawnshop, Security Bank, Unionbank, BPI, Western Union, Cebuana Lhuillier and many more.

To cash in, follow the steps below:

  • Select "CASH IN".
  • Choose a cash in option.
  • Enter the cash in amount and place order.
  • Follow the instructions on your screen to complete the payment.

Now, you might be wondering... Can we trust Is their platform secure?

I ran a test to answer this for myself. I added ₱2,000 using my BDO account in my BTC wallet. It charged me a transaction fee of ₱20 as shown below. In less than an hour, I received the corresponding Bitcoins in my wallet. review

Since my account is only new, I was only limited to receiving ₱2,000.

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

Here’s a screenshot of how it went. 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.

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. review

I’ve proven to myself that receiving money in 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.

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

How To Cash OUT

Cashing Out is plain and simple. Here are the basic steps to follow;

  • Select a Cash Out option.
  • Enter a cash out amount.
  • Enter recipient's details.
  • Confirm the transaction.

I tried to Cash Out 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.

  • I clicked the Cash Out tab on the dashboard, then selected Bank and clicked on Next Step.
  • I entered the amount I want to transfer then clicked Next Step.
  • I entered my Bank Account NumberAccount Holder Name and my Mobile Number. After that, I clicked on Complete Payment.

STEP # 1: Click the Cash Out tab on the dashboard, Select Bank and click on Next Step.

STEP # 2: Enter the amount you want to transfer then click Next Step. In this example, I want to transfer ₱2,797.36. review

STEP # 3: Enter your Bank Account NumberAccount Holder Name and your Mobile Number. After that, click on Complete Payment.

I received a notification like the one below after confirming the transaction.

After this, all you have to do is to wait for it to be processed. If you cash out before 10 AM, the funds will be transferred before 6 PM of the same day. Otherwise, it will be credited on the next business day before 6 PM.

After I received my money, a text message informed me that my money is already sent. I also received a similar e-mail. review review

I've also tried to transfer funds from to my Unionbank EON account numerous times. It worked with no issues. The procedures are similar as mentioned above. You just have to choose Unionbank as your bank.

To prove it, here are screenshots of the confirmed transactions I received.

coins ph review
coins ph review

There are many different ways on how to cash out if you don't have a bank account. currently has 33,000+ partner locations and these include 711, Palawan Pawnshop, Cebuana, MLhuillier, LBC and many more. All of the other options can be seen if you click the Cash Out option.


One easy way for OFWs to Cash In or Cash Out is to use Western Union.

To send money via Western Union, follow these steps;

  • Go to Western Union and fill out the Send Money form.
  • Place the receiver's name ( Wallet) in the form, using "Cash" as transfer method.
  • Note the MTCN and estimated amount.

To receive money, here are the steps;

  • Select Western Union from "Cash In" options.
  • Enter the MTCN and amount.
  • Check the details and click "Receive Funds".

HOW TO Buy Load Using

One way to save money is to fund your account to use it for buying prepaid credits. I I no longer buy prepaid credits to an e-load store because they charge additional fees on top of the prepaid load I buy.

By using, I get a 10% rebate everytime I buy prepaid load instead of a 10% extra charge in e-loading stores.

I bought ₱50 load and I got a ₱5 rebate. How cool is that! review

To buy load, click the Buy Load option inside the dashboard and enter your mobile phone number and the amount of load. After you confirm the transaction, you'll receive your load immediately.


I love how can be used to pay your bills online. You can pay your Meralco, Maynilad, Manila Water, PLDT, SMART, GLOBE, SUN and other 90+ biller partners including your Home Credit loans.

To pay your bills using, follow these steps;

  • Select a biller to pay.
  • Enter the amount to pay.
  • Enter the account details and follow the additional instructions on screen.
  • Confirm the transaction.

What I Like And Don't Like About

I like because transactions are fast and convenient. You send now and within minutes, the money arrives in the recipient. At such transaction speeds, is perfect for OFW's looking for remittance solutions.

I like the idea of sending money from my account to my BDO and Unionbank accounts and vice versa.

I also love using to load up on prepaid credits because of the 10% rebate.

What I don't like is that Bitcoin transactions are irreversible. If you mistakenly sent money to a wrong bitcoin wallet, you can’t take it back.

Someone can also use this as a scamming medium. I hope that is serious in dealing with this kind of fraud when someone files or reports a dispute.

Bitcoin carry lots of risks. If goes under and you have a significant amount of money in your account, you may have difficulty getting it back.

But overall, I think the advantages carry more weight than the disadvantages. I'll give a rating of 4 out of 5 stars!

What's NEW in (2019 UPDATE!)

There are lots of new features added since the founding of Just to update, I've listed below all of their products and services that you can enjoy using once you sign up.

  • Cash in/out in 33,000+ partner locations. Partners include: 711, Palawan Pawnshop, Cebuana, MLhuillier, LBC, and many more!
  • Buy mobile load for ANY Filipino network. Ongoing promo: Get 10% rebate on every load.
  • Send or receive money via, cash or bank transfer to anyone in the Philippines. Ongoing promo: Western Union remittances (₱2,000 free on Sat/Sun until Oct. 31, 2019).
  • Buy game credits at 1:1 pricing for every purchase.
  • Buy / sell cryptocurrency online (BTC, ETH, BCH, XRP).
  • Scan & Pay, Reload Beep, EasyTrip & Autosweep, Shop or book flights online.


As of 2019, is the trusted financial provider to 5 million+ Pinoys around the world. has the largest cash distribution networks in the country, operating through 33,000+ partner locations and over 95 partner billers. 

If you're looking for the best solution to transfer money, pay bills, buy load, trade cryptocurrencies and buy stuff using virtual currency, then I would encourage you to try out!

This ends my review. I hope that you find great value from the services they offer. It’s very convenient and hassle free in my experience.

Try them out and sign up using my affiliate link by clicking the button below. Make sure to use my referral code INVENG. Once you signed up and verified, we'll both get a bonus of ₱50 each that will be credited to you and me.

Enjoy using Make your phone your wallet!


Name:, Overall Rating: 4.5 out of 5 stars.

Editor's Rating:
  • March 9, 2016

Get ₱50 credits for FREE!

Get started with ₱50 to pay your bills or load your phone using Coins PH! Click the button to LEARN MORE!

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