How to Deposit Funds to Coins.ph Account & Convert Peso to BitCoin

Posted by Grace under Investing on October 17, 2017

Learn how to deposit money in your coins.ph account and convert the Philippine peso currency into BitCoin BTC easily. You can deposit funds in your coins.ph account easily through 7-eleven instant cash in, UnionBank, GCash, Cebuana Lhuillier, M Lhuillier and banks.

Funding your coins.ph account and convert your peso into BitCoin is also a great way to trade BitCoin. When you convert your peso in your coins.ph peso wallet into BTC wallet, you instantly have a BitCoin. Coins.ph is however charge fees for every transactions.

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Related: How to Earn BitCoin in Several Ways

How to Deposit Funds to Coins.ph Account & Convert Peso to BitCoin

Note: if you don\t have yet coins.ph account, register here for free and verify your coins.ph account by uploading important documents like IDs and proof of address. After you have registered and verified your account, you can now fund your coins.ph account and convert your peso into BTC BitCoin.

Step 1: Go to “Cash In” Option. and select instant cash in options you preferred. I always deposit funds using Cebuana Lhuillier. It’s fast and easy.

Step 2: Decide how much would you like to Cash in, Coins.ph and Cebuana Lhuillier will only cost you P40 for every transaction. Example. I want to deposit P20,000 in my coins.ph account, the total payment I will pay in Cebuana Lhuillier is P20,040

After you have entered your desired amount to cash in to your coins.ph, click “next”.

Step 3. Go to Cebuana Lhuillier (in our example), if 7-eleven, of course go to 7-eleven store. And pay the amount of money. Fill out a form and write your reference number given by Coins.ph

Step 4. You will receive a payment notification via phone number and email from Coins.ph. Now you are ready to buy BitCoin using coins.ph, all you need to do is to convert your peso to BitCoin.

Your cash in will reflect in your peso wallet.

Part 2. Convert Pesos Wallet Balance to bitCoin BTC wallet in Coins.ph

Step 1. Go to My Wallet and choose convert. There will a pop up window for converting peso to Bitcoin or BitCoin to peso.

Step 2. Enter value in the field. If you have P20,000 in your coins.ph peso wallet and want to convert P10,00 into BitCoin, then just type the desired amount. Then select “convert”.

Step 3. Now go coins.ph BTC wallet and see how many BitCoins do you have after you have converted your peso funds into BitCoins.

Tips and Warnings

  • Be aware to the charge of Coins.ph per transaction. It is better to cash in a big amount to save for service charges. Imagine if you will always cash in to coins.ph, you will also get charge. I prefer Cebuana Lhuillier when cashing in my coisn.ph peso wallet.
  • When receiving BTC BitCoin payments, use your BTC wallet address that can be found at the BTC wallet upper corner.
  • Just choose BTC wallet and click the “code” and your BTC wallet address will show up. Example of BTC wallet is here: 358CCcR6FwoxgHWTZ3FdxqQ9B32cvm3ypd
  • Never join the high yield investment programs that uses BitCoins nor believing to some people who are offering BitCoin investments and BTC doubler, they are usually a scam.

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