COINS.PH HONEST REVIEW

Ever heard of a financial service platform named coins.ph? Well for me its just like a typical online payment processor accepting and sending payments but this time it includes cryptocurrency which is Bitcoins.

What makes different from other platforms is that aside from sending and transferring money or BTC it has other features which can be used to payout bills/credit cards, purchase loads for prepaid mobiles and if not mistaken they included steam credits purchase for gaming, plus selected merchants where you can shop/book for your travels.

Well these add on features is of advantage if your a citizen in the Philippines (except for the steam credits which can be international) since as a resident you will be using their network services like smart/globe/sun where you can replenish your prepaid sim cards to send text messages and phone calls.

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buy_steam

Utility bills and credit cards within the Philippines only which every Filipino could take advantage than lining up from payment centers. Click image to view its full size.

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Booking your travels and some merchants to shop using coins.ph. Click image to view its full size.

So who are the owners of coins.ph?

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I once inquired from their customer support if this is only limited within the Philippines and I got a list of countries where they don't provide their service. So if your not within the list then your good to use their service.

"Here's a list of countries that we do not offer our services to:

Vanuatu

Guyana

Bosnia

Iran

Iraq

Myanmar (Burma)

Laos

Papua New Guinea 

Afghanistan 

Uganda 

Yemen

North Korea 

Syria

Ecuador 

So remind you they have two wallets which is in Peso Wallet and the BTC wallet and you must not interchange them when transferring else it will be converted either in BTC or in Peso depending on the current value of BTC conversion to Peso.

The Peso Wallet address

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The BTC Wallet address

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What else do you gain from using the service aside from rebates on load purchase, bill/credit card payments, well they also have the reward program which entitles you to receive ₱50 ($1) for every invites you make who will sign up from your link.

Both of you will be rewarded with ₱50 ($1) if and only if your referral has completed the verification process which of course to protect from abuse from multiple accounts to get the rewards.

With these for foreigners who can not use the Philippine currency can simply convert this into bitcoins which they can transfer to other bitcoin wallet of their own.

verification_process

You can just imagine they are giving you almost worth $1 (Philippine peso conversion to US) and if you can invite 100 people who comply with the verification then that would be $100 without any investment involved.

Here's a sample of accounts who never received their reward because they can not comply.

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If your not a citizen and outside the Philippines they do welcome foreigners to use the service except those I mentioned countries above and must use Passport as means to verify your account.

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For residents in the Philippines required IDs as follows. Click image to view its full size.

ID_verification

Successful referrals who managed to verify their IDs are rewarded as well including you as the sponsor who invited them without any investment but just by inviting others to sign up and verify.

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You will receive it in Peso which you can easily convert to bitcoins later on if you are a non-Filipino resident.

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Here's another look if you keep on inviting others and remind them to verify account via passport for faster approval.

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What I love most using coins.ph before is when transferring BTC to other BTC wallet address that no fees where charged as when I started investing from cloud mining sites before that turned scam like hashocean and other online investments no added fees where deducted.

U      P      D      A      T      E

Just an update as I try to transfer to another BTC wallet address well to my surprise it seems they have taken down this 0 fees charges except when transferring to coins.ph users only. Click image to view its full size.

transfer_fees

Outside the Philippine users will have to transfer first to their own account in coins.ph BTC wallet from their existing BTC wallet which of course will have fees but once inside your coins.ph BTC wallet and you decide to transfer to OTHER coins.ph user then enjoy the zero fees.

IF YOU ARE TRANSFERRING TO A NON-COINS.PH USER THERE WILL BE ALREADY FEES AS ABOVE UPDATE.

You may also try to use coins.ph BTC wallet address instead to received payments from external accounts.

Below sample transfers when I still enjoyed the 0 fees to other BTC wallet address but as of today will only applicable when transferring to a coins.ph user.

BTC_transfers

Also when I purchased the vip before from one faucet game for the autopilot feature and just the exact BTC was only deducted from my current balance which is 0.02BTC since that is the cost that I needed to pay and no fees added that is why I love their platform but sad to say now they havefees for non-coins.ph user.

If you want to test it out create an account complete the verification once you received your reward in Philippine peso to your peso wallet try to convert that to BTC and transfer to your other BTC wallet but note there is already fees except to coins.ph user. (Refer to update above)

You may also want to read on HOW TO TRADE BITCOINS using coins.ph by visiting this page (here).

Final say is to join and start earning rewards even if your not a citizen from the Philippines and save fees from transferring to other coins.ph user only.

Feel free to drop your comments below.