How to Buy Bitcoin, Ether, Ripple in Coins.ph 2023

What is Coins.ph

Coins is an electronic wallet or e-wallet similar to GCash. You could store money inside your e-wallet and make online transactions such as paying utility bills, shopping online, buying crypto, and sending money to other banks.

Is Coins.ph safe?

Coins.ph was founded in 2014 and currently has 10 million users in the Philippines. Coins also claimed on their website that they are regulated by the Bangko Sentral ng Pilipinas (BSP).

Moreover, they are the “first blockchain-based company in Asia to hold virtual currency and Electronic Money Issuer licenses from a central bank.”

I’ve been using the Coins app since September 2017, and I am very satisfied with it.

The convenience of using the app for paying utility bills and money transfers saved me a heck of a lot of time. It is one of the most essential apps Filipinos should use.

Related: How to Cash In from Payoneer to GCash

In my four years of using the app, I have never been scammed, and there were no sketchy transactions in my account. Thus I can confidently say that Coins is very safe to use.
Coins vs. GCash — which is better?

Coins and GCash are pretty similar apps. You could use either for paying utility bills, shopping online, government transactions, or money transfers.

Related: How to Cash in to GCash via BPI Online

But there is only one unique difference between them: cryptocurrency.

Coins have an integrated cryptocurrency wallet, so you can invest, send or receive cryptos such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Ripple (XRP) in the same app. GCash doesn’t support crypto at the moment.

This is a big deal because there are other major cryptocurrency exchange apps in the market. However, they are not based in the Philippines and couldn’t be integrated into your local bank, so I still prefer Coins over other apps.

The decision then is clear, function-wise, Coins is better than GCash. With its crypto wallet support, you can exchange assets anytime from crypto to fiat currency (Philippine Peso) and vice versa. How cool is that?

Cashing in or depositing money to Coins is very easy, and various ways exist. You can select from several options below and follow the on-screen instructions.

Here’s how to do it:

1. 1. Log in to your GCash account
   2. Tap “Bank Transfer“
   3. Under “Select Partner Banks“, tap “View All“
   4. On the Search field, type “DCPay” and tap “Coins.ph (DCPay)“
   5. Enter the amount beside the “PHP” field (make sure that you have sufficient balance in your GCash account
   6. Enter your name in the “Account Name” field e.g. Juan de la Cruz
   7. Enter your mobile number in the “Account Number” field e.g. 09123456789
   8. Enter your email in the “Send Receipt to” field. This is optional
   9. Tap “Send Money“

Preferred Cash-In Locations

These are the cash-in methods recommended by Coins as these are real-time, and you can cash in instantly, but if these options aren’t possible for you, then there are countless other ways to do it.

1. Palawan Pawnshop
2. Western Union
3. M Lhuillier ePay
4. Metrobank via Instapay
5. UnionBank Online via Instapay

1. Coins.ph
2. GCash
3. Paymaya

1. AllBank (A Thrift Bank) Inc.
2. Asia United Bank
3. Bangko Mabuhay (A Rural Bank)
4. Bank of Commerce
5. CIMB
6. CTBC Bank
7. Camalig Bank
8. Card Bank, Inc.
9. Cebuana Lhuillier Rural Bank
10. China Bank Savings
11. China Banking Corporation
12. Development Bank of the Philippines
13. Dungganon Bank, Inc.
14. EastWest Bank
15. EastWest Rural Bank
16. Equicom Savings Bank, Inc.
17. ING Bank N.V.
18. ISLA Bank, Inc.
19. Landbank / OFBank
20. Malayan Bank Savings and Mortgage Bank, Inc.
21. Maybank Philippines, Inc.
22. Metropolitan Bank and Trust Company
23. Omnipay, Inc.
24. PNB Savings Bank
25. Partner Rural Bank (Cotabato), Inc.
26. Philippine Bank of Communications
27. Philippine Business Bank, Inc.
28. Philippine National Bank
29. Philippine Savings Bank
30. Philippine Trust Company
31. Philippine Veterans Bank
32. Producers Savings Bank
33. Quezon Capital Rural Bank, Inc.
34. RCBC Savings Bank, Inc.
35. RCBC/DiskarTech
36. Robinsons Bank Corporation
37. Rural Bank Corporation
38. Rural Bank of Guinobatan
39. Security Bank Corporation
40. Sterling Bank of Asia, Inc.
41. Sun Savings Bank, Inc.
42. UCPB Savings Bank, Inc.
43. UnionBank Online Banking
44. UnionBank of the Philippines
45. United Coconut Planters Bank
46. Wealth Development Bank Corporation
47. Yuanta Savings Bank Philippines, Inc.

1. ChinaBank (via DragonPay)
2. UnionBank Over-the-Counter

1. Cebuana Lhuillier Instant Cash In
2. LBC Bills Xpress via DragonPay
3. M Lhuillier ePay
4. Palawan Pawnshop
5. PeraHub

1. Robinsons Business Center via DragonPay
2. SM Bills Payment Center via DragonPay

1. Remitly
2. Ria Money Transfer
3. Western Union
4. WorldRemit

1. Posible
2. eTap Deposit

1. Log on to Coins app
2. Tap “Crypto“
3. Tap “Convert“
4. Under “You are converting from:“, select “PHP” from the dropdown menu
5. Enter the Peso amount that you want to convert e.g. 2000 or 5000
6. Under “You will receive:“, select the crypto that you want to own e.g. BTC, ETH, BCH or XRP
7. Coins will now compute the amount of crypto that you will receive
8. Swipe “Slide to Convert” to proceed
9. Done! You now have crypto!

The best thing about crypto is that it is always online 24/7. Hence as you see profits in your account, you can liquidate your earnings and convert them to Philippine pesos at your disposal. Here are a few easy steps on how to do it.

1. Log in to Coins app
2. Tap “Crypto“
3. Tap “Convert“
4. Under the “You are converting from:” field, select the crypto
5. Enter the amount that you want to convert. You can also choose “Convert all“
6. Under the “You will receive:” field, select “PHP“
7. Now you will see the converted value in Philippine Peso based on the “Current Rate“
8. Swipe to the right the “Slide to Convert“
9. Done!

You could also convert from crypto to crypto. Here are the other possible conversions.

• Bitcoin (BTC) to Ethereum (ETH), Bitcoin Cash (BCH), or Ripple (XRP)
• Ethereum (ETH), Bitcoin Cash (BCH), or Ripple (XRP) to Bitcoin (BTC)

This is the best part! Cashing out is as easy as cashing in. Once you decide to reap your profits, you can convert from crypto to Philippine Peso. Here’s how you can cash out from Coins to GCash.

1. Log in to Coins
2. Tap “Cash Out“
3. Under E-Wallets, tap the GCash icon
4. Enter the amount you want to transfer
5. Select delivery time. Choose “Instapay” for the transaction within 10 mins (with Php10 fee). PESONet is not available for GCash
6. Tap “Next“
7. On the “GCash Account Name“, enter your name or the recipient’s name
8. On the “GCash Mobile Number“, enter your mobile number or on the “Recipient Mobile Number“, enter the recipient’s mobile number
9. Tap “Next“
10. Done

Again, the following options are recommended by Coins to withdraw your money instantly. You can also verify the transactions real time.

1. LBC Instant Peso Padala
2. Palawan Express Pera Padala
3. GrabPay (InstaPay)
4. M Lhuillier Cash Pickup

1. Al-Amanah Islamic Bank
2. AllBank (A Thrift Bank) Inc.
3. Allied Bank Corporation
4. Asia United Bank
5. Australia & New Zealand Bank
6. BDO
7. BDO Network Bank, Inc.
8. BPI
9. BPI Family Savings Bank
10. Bangko Mabuhay (A Rural Bank), Inc.
11. Bangkok Bank Public Co., Ltd.
12. Bank of America, Nat’l. Ass’n.
13. Bank of China
14. Bank of Commerce
15. Bank of Florida (A Rural Bank)
16. Binangonan Rural Bank (BRBDigital)
17. CIMB Bank Phils, Inc.
18. CTBC Bank (Philippines) Corporation
19. Camalig Bank
20. Cantilan Bank
21. Card Bank, Inc.
22. Cebuana Lhuillier Rural Bank, Inc.
23. China Bank Savings
24. China Banking Corporation
25. Citibank, N.A.
26. Community Rural Bank of Romblon
27. Deutsche Bank
28. Development Bank of the Philippines
29. Dungganon Bank, Inc.
30. EastWest Bank
31. EastWest Rural Bank/Komo
32. Equicom Savings Bank, Inc.
33. First Consolidated Bank
34. Guagua Rural Ban
35. HK and Shanghai Banking Corp.
36. HSBC Savings Ban
37. ING Bank N.V.
38. ISLA Bank (A Thrift Bank) Inc.
39. Industrial Bank of Korea – Manila
40. Innovative Bank (Innobank) Inc.
41. JPMorgan Chase Bank
42. Keb Hana Bank
43. Landbank / OFBank
44. MUFG Bank, Ltd
45. Malayan Bank Savings and Mortgage Bank, Inc.
46. Maybank Philippines, Inc.
47. Mega Intl Comml Bank Co. Ltd
48. Metropolitan Bank and Trust Company
49. Mizuho Bank, Ltd
50. Partner Rural Bank (Cotabato), Inc.
51. Philippine Bank of Communications
52. Philippine Business Bank, Inc.
53. Philippine National Bank
54. Philippine Savings Bank
55. Philippine Trust Company
56. Philippine Veterans Bank
57. Planters Bank
58. Producers Savings Bank
59. Queen City Development Bank
60. Quezon Capital Rural Bank, Inc.
61. RCBC Savings Bank, Inc.
62. RCBC/DiskarTech
63. Rang-ay Bank Inc.
64. Robinsons Bank Corporation
65. Rural Bank of Digos
66. Rural Bank of Guinobatan
67. Security Bank Corporation
68. Security Bank Savings
69. Shinhan Bank
70. Sterling Bank of Asia, Inc.
71. Sumitomo Mitsui Banking Corp.
72. Sun Savings Bank, Inc.
73. The Standard Chartered Bank
74. UCPB Savings Bank, Inc.
75. UnionBank of the Philippines
76. United Coconut Planters Bank
77. Wealth Development Bank Corporation
78. Yuanta Savings Bank Philippines, Inc.

1. GCash
2. GrabPay Philippines
3. Paymaya Philippines, Inc.
4. Starpay
5. Remittance Centers
6. LBC Instant Peso Padala
7. M Lhuillier Cash Pickup
8. Palawan Express Pera Padala
9. Cash Card
10. RCBC MyWallet

1. AutoSweep RFID
2. Easytrip NLEX Toll

Investing in crypto is so much easier now with Coins. With proper education and mindset, anyone can harness the power of crypto to achieve significant value appreciation that other investment vehicles cannot offer.