Coins.Ph Crypto Exchange Philippines Review – Scam or Legit?
Coins.ph crypto exchange Philippines review from daily cryptocurrency market investing tips!. Is coins.ph scam or legit? If you want to know the advantage and disadvantages of using coins.ph as the cryptocurrency exchange in the Philippines, then read this review. Here in InvestmentTotal.com we discussed more about Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash and different cryptocurrencies available in the market and some ICO Initial Coins Offerings released.
A short review for Coins.ph! This site is not affiliated with coins.ph and we don’t receive any commissions when you join this crypto exchange. We used this crypto exchange since mid of 2017.
Easy to Open Coins.Ph Account
I (admin of InvestmentTotal.com) created an account in coins.ph using my email address. It is very easy to join coins.ph. I confirmed my email address for the registration process. Then, validate my account by sending proof of identity and proof of address such as water bill.
Generate Bitcoin Wallet Address in Coins.ph
When you successfully created a coins.ph account. You will automatically have a Bitcoin wallet address and Ethereum wallet address that you can use to send and receive cryptocurrency (bitcoin and ethereum).
Related: How to Buy Bitcoins in Coins.Ph (Philippines)
The good thing is when you join free bitcoin mining farm in telegram or free bitcoin mining programs online to where you can earn bitcoins for free, you can use your coins.ph Bitcoin wallet address to receive your earnings.
Ethereum wallet was integrated in coins.ph few months ago. That’s why I did not participate to any of the ICO released that use ERC20 platform using Philippine peso.
Related: How to Send Ethereum from MyEtherWallet to Coins.ph or to Other Ethereum Wallet
To know your Bitcoin wallet address in coins.ph, click BTC and open wallet address. Same as your Ethereum wallet address!
Cryptocurrency Prices (Bitcoin & Ethereum) in Coins.ph
Coins.ph platform is very easy and simple to use. It is easy to deposit Philippine peso (cash) in your account using different mode of payments such as Cebuana, 7-11, Banking transactions, etc.
Also, it is easy to withdraw your funds in coins.ph in Philippine peso. Sending Bitcoin and Ethereum to another wallet address is not a problem. However, the price seems not “reasonable” when converting to Peso to Bitcoin or Peso to Ethereum.
I read some blog posts and some readers commented that coins.ph is not a recommended exchange. In our case, coins.ph (since we tested and tried it), we will say that coins.ph is a “best exchanger but not the best among the rest exchanger”.
We found issues in converting prices (Philippine peso to Bitcoin BTC and Philippine peso to Ethereum ETH).
Related: How to Buy Bitcoins in Coins.Ph (Philippines)
9/10 Rate of Coins.ph in InvestmentTotal.com
Coins.ph rating in this site is 9/10. We like to use exchanger that has reasonable prices for charges and the prices in converting currencies.
I have not tested other exchanger. If Coinbase will become available in the Philippines (see supported countries of coinbase here), then I will use it. Fortunately, coinbase is not available in the Philippines! I send a support message in coinbase but they just replied …See the list of supported countries, blah blah blah!
Other Bitcoin & Ethereum Wallet Address
Even when you don’t have coins.ph account, you can create or generate your own Bitcoin BTC wallet address and Ethereum ETH wallet address.
To generate your own bitcoin wallet address, simply use BlockChain.info (you can also use blockchain.info to generate Ethereum address).
Related: Bitcoin Blockchain Transaction Search Payment Reference
To generate Ethereum wallet address and receive different tokens that are ERC2 compatible, then use MyEtherWallet.com. You can receive any tokens from newly ICO released using your MyEtherWallet address. MyEtherWallet address also known as MEW Ethereum Address!
Related: Access MyEtherWallet Ethereum ETH Wallet Online
Is Coins.ph Crypto Exchange Recommended?
A beginner asked me via emal:
“I am from Pangasinan and I want to buy Bitcoin. How to start?, thanks..- “
Sender: Rafael S @ rafaels**1*9@gmail.com
Our reply: “Go to coins.ph, create account for free, verify your personal information, deposit cash, and lastly convert your peso into Bitcoin”.
This means, that coins.ph is still recommended for newbies since we know anyone (at least 18+ years old) can use coins.ph and but bitcoin and ethereum easily!
Coins.Ph Frequently Asked Questions
I am a Filipino but residing and working abroad, can I used Coins.ph? – Yes of course, as long as you can verify your account with coins.ph admin.
How to deposit funds if I am abroad (Singapore, USA, Canada, Italy, UK, New Zealand, Hong Kong, Dubai, Korea, Japan, China,etc.)? – You can generate “cash in” request in coins.ph and you can ask your relatives to pay the amount by using the details. Ask coins.ph support center for this details!
Is coins.ph scam? There are lot of bitcoin scam online! I don’t want to get scam! – Coins.ph is a legitimate cryptocurrency exchange in the Philippines. Lot of people are using Bitcoin to scam or to steal Bitcoins. Be careful in transacting to other people especially when you use Bitcoin wallet address in your coins.ph account!
Bitcoin Scam can be spotted in different ways – see the Bitcoin scam guide here!
I am 18 below, how can I create coins.ph to buy bitcoin? I am interested in Bitcoin! – Well, you can send some parental consent in coins.ph account. I think there are instructions available when creating a coins.ph account if you are a minor.
Your Turn to Review Coins.ph Crypto Exchange in the Philippines
If you are one of the many satisfied clients of coins.ph crypto exchange in the Philippines, then write your experience in the comment box below. Also, frustrated crypto traders and investors using Coins.ph, you are allowed to leave a comment (bad experiences) in using coins.ph crypto exchange in the Philippines! Join the conversation below!