Coins.ph is a blockchain-based payment service that facilitates different types of transactions. Since its launch in 2014, the mobile wallet has grown to provide Filipino customers with diverse payment requirements. Currently, it serves over 10 million customers. Coins PH is simple to use and quite convenient, which is its biggest selling points. Learn how the wallet works and other basics before getting an account.
What is Coins.ph?
A significant portion of the 650 million population of Southeast Asia is unbanked. Coins.ph was created to ease the lack of financial services in the region. The mobile wallet is a product of Coins, a fintech company that is revolutionizing payment methods in Southeast Asia. Although the service is relatively young, it has achieved rousing success thanks to its well-structured networks. The company boasts one of the Philippines’ largest cash distribution networks with over 33,000 domestic partner locations and 500,000 worldwide locations.
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Customers cans conduct various payments through Coins.ph, such as bills, remittances and cryptocurrency. The blockchain technology that the wallet is based on allows users to buy, sell and store virtual currency like Bitcoin and Ethereum. The Coins.ph wallet is free and doesn’t require the account holder to have a bank account. Users can send cash to people who don’t have the wallet.
How to create an account at CoinsPh
Ease of use is a huge determinant when picking a payment service. Coins created an interface that makes registration uncomplicated. Customers have two alternatives when opening an account at Coins.ph. To register on the app, download the tool on your iOS or Android. You can go to the respective app stores or download from the official website. Launch the app and click on the signup button. Users can also sign up through Facebook.
A form appears where you have to submit an email address and create a password. If you have a referral code, enter it in the required box. Click ‘Create Account’ to finish. Coins.ph will send an email verification code, which you have to submit on the next page. If you registered with your phone, you get a verification SMS. Follow the same process to create an account using the desktop website. Note that the mobile wallet is available in four levels that have different maximum limits and verification requirements. Therefore, decide which account type to get before signing up.
How to add money to your Coins.ph account
Loading cash into your account takes a few simple steps. Use your Coins PH wallet login to open your account and click on the cash icon. You will be required to choose an outlet where you intend to fund your wallet. Provide the desired amount and proceed to the payment location. Filipinos have various outlets where they can cash in, so finding one near you is not hard. 7-Eleven Philippines, PeraHub and Western Union are some of the available cash in centres. Chinabank and UnionBank provide over-the-counter cash-in options. If you load your wallet through a bank, you will get the account details. Non-cash deposits are not permitted.
Costs, fees and transfer times
The mode that you use to fund your wallet dictates the charges that you incur. Bank deposits charge 1% of amounts between 1001 and 4,000 PHP. Below 1,000 PHP is 10 PHP. Globe GCash fees range from 10 PHP to 40 PHP. 7-Eleven has some of the lowest costs at 2% for up to 20,000 PHP. Amounts under 100 PHP are free. The official website has a comprehensive list of the fees for cash-in orders.
What about transaction times? Some payment options provide instant transfers where your funds are available to use almost immediately after cash in. M Lhuillier ePay, 7-Eleven and Globe GCash are some examples.
For What Payment Operations Can You Use Coins.Ph?
Your Coins PH login grants you access to several services. An account holder can pay various bills, including phone, water, and electricity. You can buy Steam wallet codes to your desired game without exposing your credit card details. Use your wallet to send money instantly regardless of whether the recipient has a Coins.ph account or not. The payment service facilitates load purchases from Sun, Globe, TM and TNT. Transact with digital currency as well. The mobile wallet facilitates remittances from over 200 countries and territories. Users can also reload Beep cards from Android phones for free.
Coins provides efficient money management without costing too much. Users don’t have to pay for account maintenance. The mobile app allows customers to transact from wherever they are. Security is always a concern when using an online payment service. Coins PH employs advanced security measures to keep customer data and funds safe. The payment method is also suitable for business owners. It offers smooth API integration. Whatever your use for the mobile wallet, expect e competitive rates, instant payments and seamless transactions.
💰 Can I use Coins.ph to fund my online casino account?
Coins.ph restrict online gambling payments. The company, however, partners with specific operators and can allow limited transactions.
💲 Is Coins.ph a legit payment method?
Yes. The mobile wallet is a trusted service since 2014. It has authorization from Bangko Sentral ng Pilipinas to provide remittances and transfers, electronic money, and virtual currency & exchange services.
🤔 What are the minimum and maximum cash in?
Almost all of the cash in outlets have a minimum limit of 15 PHP. The maximum amount depends on your account level.