Coins.ph is one of the most popular financial apps in the Philippines. With just a smartphone or computer, it helps users simplify payment or purchase operations without using cash.

You can understand this platform through this article’s provided information, such as how to create an account or deposit / withdraw money. Keep on reading for more details.

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What Is Coins.ph?

Coins.ph is the new financial solution!

Coins.ph is a fintech company founded in 2014 in the Philippines. It is a mainstream blockchain-enabled platform under Bangko Sentral ng Pilipinas (BSP).

The company has built a network of more than 33,000 partner locations in the Philippines and more than 500,000 locations worldwide.

This application allows users to make digital payments (both local and international), access banking services, pay bills, mobile services (GCash and PayMaya), game credits, etc. Besides, it also allows buying, selling, and storing virtual currencies like Ethereum, Bitcoin, and Bitcoin Cash.

The mission of Coins is to increase financial security across Southeast Asia, even those who are unbanked. Through it, they can easily access financial services with just a smartphone.

How To Register For Coins.ph Account?

You can create a free Coins.ph account through your mobile device or personal computer. The steps to create an account through each device are below:

Register By Mobile App

Download the Coins.ph app from Google Play or App Store on your smartphone.
After it is installed, open and tap Sign Up. You can choose to sign up by email or phone number at this step, then fill up.
Next, create a password with at least nine characters with 1 number and one special character. Your password has not been used for any website or app.
Please click the “I have a sign-up code” line and enter it if you have a sign-up code. Then, you confirm that “I agree to the Coins Terms of Service and Privacy Policy” by ticking in square and tapping the Create Account button.
Depending on your choice to sign-up, the system will send a verification code to your email or phone number. Then, you enter that code on the next screen.
Next step, tap the Verify button.

Register By Website

Access the Coins.ph website on your computer.
Click the Create An Account on the menu bar.
Enter your mobile number or change into “Use my email address”.
Create a password with at least nine characters with at least 1 number and one special character.
If you have a sign-up code, please click the “I have a sign-up code” line and enter it. Then, you confirm that “I agree to the Coins Terms of Service and Privacy Policy” by ticking in square and tapping the Create Account button.
Next step, click the Verify button.

Last Step: Verify Account

Account verification is optional but is the key to getting your account back when you lose it or make level 2 or higher transactions. It starts from increasing your daily withdrawal limit to PHP 50,000.

Verifying your account will include five steps, and you need to provide the following information:

1. Your general information: includes gender, birthplace, and your SSS, TIN, or GSIS ID number (if any).

Your employment status and where your funds will come from: choose one of them, such as Employed, Self-employed, Unemployed, Retired, Student.

The industry of your work, the name of the company, and your position.

One valid Government ID and provide your ID number: Passport, driver’s license, postal ID, National Bureau of Investigation (NBI) Clearance, etc. Particularly for special cases such as foreigners, students, married, and changed name customers, The platform will need additional supportive documents.

1. Upload photos of your chosen valid ID: include the front and back.

Your selfie with valid ID: both the app and website do not accept uploading the photo at this step.

After the end of the verification account, you will wait three working days for the verification system. The company will send you an email notification when this process is completed.

How to Cash Into Your Coins.ph Wallet

What Is Coins Wallet?

Coins.ph wallet is a virtual bank account where you can “deposit” or “withdraw” cash in. Then, you use it for transactions such as bill payments, money transfers, purchases, card top-ups, etc., as long as your account has enough money.

Where To Top Up This Wallet?

You can top up the virtual wallet through the company’s partner locations, with more than 22,000 locations, such as Bayad Center, GCash via DragonPay, Cebuana Lhuillier, 7-Eleven CLiQQ, UnionBank, etc.

How to Top Up It?

How to cash in Coins.ph?

There are two ways for you to top up money in your wallet as follows:

Transfer money from a bank account:

You choose the “Cash In” icon and select one of its bank partners. Then, enter the amount you will top up and press the “Complete cash in” button.

Transfer money from company partner locations:

Depending on the partner branch, you may be asked to fill out a form (Palawan Express and Bayad Center) or present your reference number and account barcode (such as 7-Eleven).

Cash In Charges

In most sending money through a third party, the user is charged a fee of 1% – 3% or between PHP 10 and PHP 40, depending on the amount deposited. Some other exceptions are: UnionBank of the Philippines (via UnionBank’s Pay Bills app) is free, Western Union and WorldRemit are sender fees depending on the case.

How to Cash Out Through Coins.ph?

“Cash out” is withdrawing money from your virtual wallet in cash or transferring money to someone else. Note, to do this; you need to verify the account first.

Where to Cash Out?

Each third party will support users with different withdrawal methods, as follows:

Cash pickup: LBC Peso Padala, Remittance Centers (Padala Palawan, M Lhuillier Kwarta, Express Pera Padala, etc.)
Cash card: RCBC MyWallet, etc.
Cardless ATM payout: Security Bank 24/7 eGiveCash
Mobile money: GCash
Bank deposit: Banks (Metrobank, PNB, BPI, Landbank, etc.)

How To Cash Out It?

Select the “Cash Out” icon and choose the third-party location, delivery, and pickup time.
Enter the amount you want to withdraw and press the “Next” button.
Enter the recipient information and swipe “Slide to pay”.

In addition, when you withdraw money at InstaPay and PESONet, you need to verify your account by phone.

Cash Out Charges

The company will use payments to cover handling or shipping costs. Therefore, they are only used when the transaction is done through a third party for a fee of no more than PHP 60.

Frequently Asked Questions About Coins.ph

Is There Any Cash-In Limit For This Platform?

Coins.ph limit

Each level of account verification has different limitations. They are noted in the table below:

Verification Level	Verified Description	Cash In Limit (PHP/day)	Cash Out Limit (PHP/day)
1	Email/phone	2,000	0
2	ID and selfie	50,000	50,000
3	Address	400,000	400,000
4	Custom	Custom	Custom

Can I Transfer From Coins.Ph Wallet To GCash?

Of course. If you have verified your account at level 2, you can completely transfer money from this wallet to GCash within 10 minutes. The steps are as follows:

Choose Cash Out, and tap the GCash icon under the E-Wallets category.
Enter the amount you want to transfer.
Fill in your GCash information.
Check again and swipe “Slide to confirm”.

Is Coins.ph Safe And Legit?

Absolutely yes. Coins.ph is a safe and legal platform with over 10 million users from 2014. The company has been licensed by Bangko Sentral ng Pilipinas for the following categories: Licensed Virtual Currency Exchange remittances and transfers (RA), and offers electronic money (EMI).

That means it must follow the principles and regulations set forth by the BSP, including the Anti-Money Laundering Act (AMLA). Besides, user information will be highly secure thanks to SSL connection standards with AES-225 Encryption.

Conclusion

Coins.ph will support your financial journey!

Coins.ph supports you to perform common transactions such as paying bills, making purchases, transferring money, etc. The company offers its customers options for depositing and withdrawing money online or through its third parties.

Besides, users can buy and sell virtual currencies through this application.

Hopefully, this article has provided enough information to help you use this application effectively, serving your financial management.

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Coins.ph – The Common Financial Solutions In Philippines