When it comes to buying Bitcoin, there are plenty of options out there. But if you’re looking to buy Bitcoin with Pesos, then your best bet is Coins.
ph. Here’s a step-by-step guide on how to do it.
First, create an account with Coins.ph.
You can do this by going to their website and clicking on the “Sign up” button. Once you’ve registered and logged in, you’ll need to verify your identity by providing some personal information and uploading a photo ID.
NOTE: WARNING: Purchasing or trading Bitcoin with Coins Philippines carries a high level of risk. Before investing, please conduct your own research and consult with a financial advisor. Prices of cryptocurrencies are extremely volatile and can be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Coins Philippines is not responsible for any direct, indirect or consequential losses as a result of the trading activity.
Once your account has been verified, you can now deposit money into it. There are several ways to do this, but the most popular one is through 7-11 branches nationwide. Just go to any 7-11 branch and tell the cashier that you want to make a deposit to your Coins.ph account.
They will then give you a deposit slip which you will need to fill out and submit. Once your deposit has been processed, the funds will be credited to your account within minutes.
Now that you have money in your account, you can finally buy Bitcoin! To do this, simply go to the “Buy/Sell Bitcoin” page on the Coins.ph website and select the amount of Bitcoin you want to buy.
Once you confirm your transaction, the Bitcoin will be sent to your Coins.ph wallet instantly.
And that’s it! You have now successfully bought Bitcoin using Pesos through Coins.ph!.
3 Related Question Answers Found
As of 2017, the Philippines has not yet released any official stance on Bitcoin. However, that same year the country’s Central Bank issued a warning to the public about the risks associated with investing in cryptocurrencies. Then in 2018, the Securities and Exchange Commission (SEC) released a statement saying that they “are not regulate[ing] virtual currencies as securities.” So while there is no official law or regulation surrounding Bitcoin in the Philippines, it appears that the government is taking a hands-off approach for now.
Yes, you can buy Bitcoin with Coinomi. Coinomi is a digital wallet that allows you to store, send, and receive cryptocurrencies. It is available for Android and iOS devices.Coinomi supports over 100 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
As of now, you cannot buy Bitcoin on Coinomi. The only way to do so is to find someone who is willing to sell their Bitcoin to you in exchange for your fiat currency (USD, EUR, etc.
), or another cryptocurrency that Coinomi supports. There are a few ways to find someone who is willing to do this, such as through an online exchange or a peer-to-peer marketplace.
