A Guide to BitCoin Philippines
Bitcoin is a well-known and accepted internet currency, although most of us don’t know it, simply because the internet is a vast universe that most of us haven’t explored yet. When talking about bitcoin Philippines is not very common. To make things simpler, there’s now an application or a platform, we could say, that lets you pay bills, buy loads and send money in the Philippines using bitcoins. And also convert bitcoin into peso and vice-versa.
You would like to view this video first, to have an idea of what bitcoin is.
I am not going to elaborate the “mystery of bitcoin”, but I will be focusing on Bitcoin Philippines, Coins.ph. If you know “bitcoin mining” that will be in another blog post, for the
Coins.ph is founded in 2014. The main mission of the company is to have “frictionless” or no hassle money exchange and transfers, in terms of Bitcoins. A Bitcoin is an internet currency, that can be converted into any other currency. Coins.ph created a system that anyone in the Philippines can accept bitcoins and then easily use it as pesos for their payments.
I know what you are thinking? Where can you get bitcoins?
There lots of places to where to earn bitcoins, but Coins.ph also give you chances to earn bitcoins and convert it to pesos.
How to have a Coins.ph account?
Simple… By just simply signing up at their website.
Upon signing into Coins.PH, there are several mission which in return give you bitcoins or Pesos to your wallet. Some of which are very simple like verifying email, verifying phone number and connect to Facebook. Once you have completed the tasks, your rewards will be automatically reflected on your account. You will have a wallet where in you can use to send and receive money in different ways.You can move your rewards to your wallet, so you can use it already for payment or buying load.
NOTE; You can use these bitcoins as soon as it is in your wallet, but you cannot request or send money unless you have an Upgraded account. Don’t worry, upgrading is FREE by just submitting a valid ID and together with a selfie verification.
YES, that sounds ridiculous, but a selfie with your ID is required.
How to Upgrade
The good thing about upgrading is it lets you send payment requests to your friends or anyone with a bitcoin wallet. Also it increases the daily deposit and cash-out limit up to P50k.
Simply click the UPGRADE YOUR ACCOUNT button and follow instructions. You will be filling up a form and then submitting a valid ID and your selfie holding that ID you just submitted. Talk about security. Your account will be upgraded 2 to 3 business
If you need to increase your limits to P400,000, you must verify your address by a very much the same procedure, filling up a form and submitting a picture of a proof of billing, or barangay clearance or any other documents to verify your address.
There are other verifications, like business verification and Lenddo verification, but as of now, Level 2 verification is enough.
What are the advantages of having a Coins.ph account?
Aside from having to pay bills very conveniently, you have cash backs when you load, rebates when you pay bills and discounts on the shopping area. And also don’t under estimate the P24 reward for inviting your friend to join bitcoin.
But here’s the real secret
At the upper left portion of the Coins.ph dashboard. You can see the BUY and SELL value of a bitcoin.
As of today, the value of the bitcoin is P27,114.00 when you buy it and P26,316.00 when you sell it. If you get the Idea, you can use bitcoins for money exchanges.
Meaning, you can avoid the peso devaluation, and take advantage when the value of
Plus, not to mention the Bitcoin Mining, which several people are earning from
Is your money in Coins.Ph safe?
Every time you login to your account, you will receive a confirmation code to your email or mobile phone. And without this confirmation code, you will not be able to login to your account. This is a very powerful safety feature, that you can rest assure that your money is safe in your account in Coins.ph
It has been more than a year that I have been using Coins.ph. And the experience have been quite GREAT!
It’s not a lot of earnings though but it gave me some load and some I withdrew for some things I bought.
But what really freaked me out, was bitcoin hit it’s highest to more than Php 900,000.
Right now it’s price went down to about the 300,000 mark.
Bitcoin is an internet currency that is slowly becoming common nowadays. Since we are digging deeper into the information era, you must be well informed regarding these things.
Bitcoin Philippines, Coins.ph, had done a great job, finding a way to use bitcoins readily and “frictionless” to pay for our daily needs.
Well just compare it to its price on the first time I had a Coins.ph accout. It’s over 1500% increase in value.
And investors predict that it would again increase in value in the future.
That’s why if you are smart, you will be saving some bits of bitcoins in your virtual wallet.
I have some recommendations on sites that give you free bitcoin. They call it bitcoin faucets. There are TONS of wallets around the internet, but most of them are scam sites. These two gave me the most results. If you want you can use them to some bitcoin reserve before the “bull run” comes again.
I love these two, because they give me bitcoins with not much distraction even if I am doing something. Just as long as I have internet and a browser.
I will be making another post regarding these faucets and how to systematically use them to earn some bits. It’s not that big earning, but at least it’s free and who knows, it may increase in value in the near future.
In a nutshell
If you still have questions or anything you want to add to this article, please leave a comment below and let us learn more about bitcoin together. Thanks for reading and more internet money to come!
I am a self learned Multi-Media Artist, a Civil Engineer graduate. Well versed in Adobe Softwares. Always learning and thriving to live life to the fullest.