Coins.Ph Review 2024

Autor

Revisor

Last update: 9 months ago

Our veredict

Coins.ph is a leading cryptocurrency exchange in the Philippines, highly regarded for its security and broad selection of trading assets. Operating under the regulation of the Bangko Sentral ng Pilipinas, it offers a safe and user-friendly platform tailored for both seasoned traders and those new to cryptocurrencies. With over 50 trading assets, including direct Philippine Peso (PHP) trading pairs, it caters effectively to a diverse user base.

However, while Coins.ph is pioneering in its local market, its services are primarily limited to the Philippines and Thailand, which may not suit those looking for international trading opportunities. Additionally, the platform may lack some advanced trading features sought by more experienced users. Despite these limitations, its regulatory compliance and robust customer support system make Coins.ph a solid choice for those within its operational regions, providing a reliable gateway into the world of cryptocurrency.

Pros

Cons

Investing risks losing your money

3,7

Threenvest Score

Fees

≤3,99%

U.S Legal

With the confidence of Threenvest

Regulated Security: Coins.ph operates under the regulatory oversight of the Bangko Sentral ng Pilipinas (BSP), ensuring compliance with local financial regulations and standards.

High Trading Volume and Liquidity: Coins.ph consistently shows robust trading volumes, demonstrating a healthy trading environment which indicates reliability and a stable trading platform.

Reputation and Reviews: Having established a significant presence since 2014, Coins.ph is well-regarded for its service quality and customer focus, with positive reviews from a vast user base across the Philippines.

Transparency: Coins.ph maintains a high level of transparency in its operations, particularly with clear information on fees and the security measures it employs to protect user assets.

Customer Service: The platform is known for its excellent customer support, providing users with a reliable resource for any issues or inquiries, which enhances user trust and satisfaction.

Best Crypto Exchanges

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

About Coins.Ph

Introduction

Coins.ph, founded in 2014 by Silicon Valley entrepreneurs Ron Hose and Runar Petursson, is a pioneering cryptocurrency exchange in the Philippines. It has grown to become the largest exchange in the country, regulated by the Bangko Sentral ng Pilipinas (BSP). The platform is not only a hub for trading cryptocurrencies but also provides innovative financial services to a largely unbanked population.

What is Coins.ph?

Coins.ph is a financial services platform that utilizes blockchain technology to offer a wide range of services beyond just crypto trading. These include a digital wallet, direct bill payments, mobile top-ups, and even remittance services. Its mission is to increase financial inclusion in the Philippines and Southeast Asia by using cryptocurrency as a medium to extend banking services to the unbanked.

Background and History

The exchange began operations in 2014 and has been instrumental in providing accessible financial services to over 95 million unbanked individuals in the Philippines. It has raised significant funding, notably a $5 million series A extension in 2017, to expand its services and technological capabilities.

Founders:

Ron Hose: Before founding Coins.ph, Ron was a partner at Innovation Endeavors and co-founder of TokBox, which was acquired by Telefonica. He holds degrees from Cornell University and has a strong background in venture capital.
Runar Petursson: Runar is an experienced software engineer who has built high-frequency trading platforms. His expertise in creating scalable, high-performance web applications has been crucial in the development of Coins.ph.

Fun Facts and Headlines:

Coins.ph is the first electronic money issuer (EMI) regulated by the central bank in the Philippines.
The platform serves as a gateway to everyday financial services for millions, including those without traditional bank accounts.
In 2021, Coins.ph expanded its services to include “Coins Pro,” offering more advanced trading features like market, limit, and stop-limit orders.

This introduction and detailed overview highlight Coins.ph as not just a crypto exchange but a vital financial service provider in the emerging digital economy of Southeast Asia.

Why Choose Coins.Ph?

Regulatory Compliance: Coins.ph is regulated by the Bangko Sentral ng Pilipinas (BSP), providing a secure and reliable platform for users in the Philippines. This ensures that all operations are under strict financial oversight, which is crucial for protecting users against fraud and ensuring transparency.

Wide Range of Services: Beyond basic trading, Coins.ph offers a variety of financial services including bill payments, remittances, and mobile top-ups directly from the app. This integration of services makes it not just a trading platform but a comprehensive financial tool, especially for users who lack access to traditional banking.

User-Friendly Interface: The platform is designed with the beginner in mind, making it accessible to users with no prior experience in cryptocurrency trading. Its simplicity ensures that new traders can navigate and make transactions with ease, which is ideal for those just starting their crypto journey.

Where it falls short

Expansion of Geographic Availability: Currently, Coins.ph primarily serves users in the Philippines and Thailand. Expanding its services to other Southeast Asian countries could capture a larger market, increasing its user base and trading volume. This expansion would not only bolster its position in the market but also enhance liquidity and potentially reduce costs for users through economies of scale.

Introduction of Advanced Trading Features: While Coins.ph caters well to beginners and intermediate users, adding advanced trading tools and features could attract more experienced traders. Features such as advanced charting tools, algorithmic trading options, and perhaps futures and options trading could make it a more attractive platform for professional traders. Enhancing these aspects would also improve the platform’s competitiveness against more globally recognized exchanges.

Features	Explanation
Minimum Trade	The minimum trade amount varies by cryptocurrency, with popular currencies like Bitcoin having very small minimum requirements, allowing for micro-transactions.
Trading and Transaction Fees	Coins.ph charges competitive rates, typically lower than many other licensed exchanges in the region. This includes a spread on buy/sell transactions and minimal fees for crypto transfers.
Number of Cryptocurrencies	Coins.ph offers over 50 cryptocurrencies, providing a diverse range of options for traders.
Crypto-to-Crypto Trading Pairs	The platform supports numerous trading pairs involving major cryptocurrencies and Philippine Pesos, catering extensively to local market needs.
Website Transparency	The Coins.ph website provides clear information on fees, processes, and security measures, enhancing user trust and compliance transparency.
Credit/Debit Card	Coins.ph does not offer an exchange card for in-store purchases.
Storage Offering	Coins.ph offers a secure digital wallet service with robust security measures including 2FA. Highly secure with a user-friendly interface.
Staking and Rewards	Currently, Coins.ph does not offer staking services for earning rewards on crypto assets. This is a significant area for potential growth and user engagement.
Mobile App and Desktop	Both mobile and desktop interfaces are available, with the mobile app being particularly praised for its user-friendly design. Excellent accessibility and usability across devices.
Customer Service	Known for its effective customer service with multiple channels including live chat and email support. While generally good, there is room for faster response times and extended support hours.
Deposit and Withdraw	Users can easily deposit and withdraw funds using various methods including bank transfers, credit/debit cards, and even through physical retail partners. Highly accessible but could benefit from reduced fees and faster processing times for certain methods.

Investing risks losing your money

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert analyzing Coins.ph, I highly recommend this platform for users in the Philippines and Thailand looking for a user-friendly and secure way to engage with cryptocurrencies. Its integration with local financial services, compliance with regulatory standards, and competitive fees make it an excellent choice for both new entrants and seasoned traders in the crypto space. Whether you’re looking to simply buy and sell crypto or use it for everyday transactions like bill payments and remittances, Coins.ph provides a reliable and convenient service.

Fees

Coins.ph maintains a simple and transparent fee structure, which is a significant advantage for users. The platform charges a spread on buy and sell transactions, typically around 0.5% to 1%, which is competitive within the industry. This spread varies depending on the specific cryptocurrency and market conditions. Additionally, for transactions such as sending money or paying bills directly from the wallet, minimal fees are applied, which are clearly outlined on their website. This approach helps users manage their costs effectively while engaging in various cryptocurrency transactions.

Pros

Competitive Rates: Coins.ph offers some of the lowest fees among licensed exchanges in the Philippines, making it an economical choice for users.
No Hidden Fees: The platform is transparent about all charges, ensuring users are not caught by unexpected costs.
Fee Reductions for Frequent Users: Regular users benefit from reduced fees, which can significantly lower the cost of frequent transactions.

Cons

Product selection

Coins.ph offers a range of services and products designed to make cryptocurrency trading accessible and straightforward for users in the Philippines. The platform allows users to buy, sell, and trade various cryptocurrencies, including Bitcoin, Ethereum, and Ripple, using local payment methods like bank transfers, GCash, and even cash deposits at retail outlets such as 7-Eleven. This integration with everyday financial services makes it convenient for users to transition from traditional banking to cryptocurrency trading. Additionally, Coins.ph provides a user-friendly mobile app that supports trading and wallet functionalities, ensuring a seamless experience for both beginners and experienced traders. Despite its strengths, Coins.ph has a few limitations. The platform offers a relatively limited selection of cryptocurrencies compared to global exchanges, which might not satisfy advanced traders looking for a broader range of digital assets. Moreover, while the platform’s transaction fees are competitive within the local market, they can be higher than those on some international exchanges, potentially affecting frequent traders. Nonetheless, for Filipino users seeking a locally integrated, easy-to-use platform for cryptocurrency transactions, Coins.ph remains a reliable and practical choice.

Pros

Integrated Financial Services: Coins.ph offers a unique blend of services that integrate cryptocurrency transactions with everyday financial activities, such as bill payments and mobile top-ups. This integration makes it exceptionally convenient for users to manage their finances in one place.
Regulatory Compliance: Being regulated by the Bangko Sentral ng Pilipinas (BSP), Coins.ph offers a level of security and trustworthiness that is crucial in the financial services sector, particularly in the emerging market of cryptocurrencies.
Accessibility: The platform provides numerous cash in and cash out options, including bank transfers, online payments, and over-the-counter transactions, making it highly accessible for users without traditional bank accounts.

Cons

Limited Advanced Features: For more experienced traders, Coins.ph might lack advanced trading features such as detailed charting tools, algorithmic trading capabilities, and derivatives trading, which are available on more specialized platforms.
Geographical Limitation: The services are primarily targeted at users within the Philippines, limiting its usefulness for international users who may want to engage in transactions or use services through Coins.ph but cannot due to these geographic restrictions.

Read more about product selection in Coins.Ph

Coins.ph offers an extensive range of services and products, positioning it as a versatile platform in the cryptocurrency and financial services sectors, especially appealing to users in the Philippines. Here’s a detailed overview of the available services and products:

Cryptocurrency Trading and Exchange

Coins.ph provides a user-friendly interface for trading various cryptocurrencies directly with PHP, making it an accessible option for beginners and intermediate users. It supports a variety of coins including Bitcoin, Ethereum, and Ripple.

Wallet Services

The platform offers a secure digital wallet for both fiat (PHP) and cryptocurrencies, allowing users to store, send, and receive funds efficiently. This wallet is integral to all services provided on Coins.ph, from trading to payments.

Bill Payments

One of the standout features is the ability to pay bills directly through the app. Users can pay utility bills, government fees, and even tuition fees without needing to convert their cryptocurrencies into fiat, providing a seamless payment experience.

Remittances

Coins.ph facilitates local and international remittances at lower fees compared to traditional banks. This service is particularly valuable in the Philippines, a country where many citizens work abroad and regularly send money home.

Mobile Top-Up

Users can top up their mobile phones or others’ phones directly from the app using their wallet balance, supporting major network providers in the Philippines.

Cash In and Cash Out Options

The platform offers extensive methods for users to deposit (cash in) and withdraw (cash out) money, including over-the-counter services, bank transfers, and online payment gateways.

Cryptocurrency Conversions

Coins.ph allows users to convert cryptocurrencies to other cryptocurrencies or to PHP within the platform, facilitating easy management of assets and investment diversification.

Merchant Services

Businesses can use Coins.ph to accept payments in cryptocurrencies, enabling them to tap into a growing market of crypto-savvy customers while enhancing their payment systems’ efficiency and security.

Coins Pro

For advanced traders, Coins.ph offers Coins Pro—a more robust trading platform that includes additional trading options and lower fees. This platform is designed for experienced traders looking for advanced trading tools like market, limit, and stop-limit orders.

Educational Resources

Coins.ph provides educational articles and tutorials to help new users understand cryptocurrency trading and investment, promoting informed participation in the crypto market.

Security Features

The platform employs robust security measures, including two-factor authentication (2FA) and compliance with local financial regulations, ensuring a secure environment for users’ financial transactions. These services collectively make Coins.ph a comprehensive platform not just for cryptocurrency trading but also for integrating digital currency use into everyday financial activities. This extensive range of services is designed to cater to both casual users looking to perform simple transactions and more serious traders looking for a deeper involvement in cryptocurrency markets.

Account opening

To open an account with Coins.ph, simply visit their website or download the mobile app, and click on the sign-up button. You’ll need to provide some basic information such as your name, email address, and a secure password. After submitting this information, you’ll be required to verify your identity to comply with local regulations; this involves uploading a government-issued ID and a selfie. Once your identity is verified, you can immediately begin funding your account using various methods like bank transfers, credit cards, or through participating retail outlets. The entire process is designed to be user-friendly and quick, ensuring that even those new to cryptocurrencies can easily navigate and make use of the platform.

Pros

Ease of Use: The account opening process on Coins.ph is straightforward and user-friendly, which is ideal for beginners. The platform guides new users through each step, making it easy to set up an account quickly.
Multiple Funding Options: Coins.ph offers a variety of funding methods, including bank transfers, credit cards, and cash payments through retail partners, providing flexibility and convenience for users to top up their accounts.
Fast Verification: Coins.ph has a relatively fast verification process compared to other platforms, often completing identity checks quickly if all documents are in order. This enables new users to start trading and using services without significant delays.

Cons

Geographic Limitations: The account opening process and services are primarily geared towards residents of the Philippines, which limits the platform’s accessibility to international users who might be interested in the same seamless services.
Document Requirements: Some users might find the documentation requirements for verification a bit stringent, especially those who are not comfortable with sharing too much personal information online. This can be a barrier for users valuing high privacy.

Read more about account opening in Coins.Ph

Opening an account on Coins.ph and starting to trade cryptocurrencies involves several straightforward steps, designed to cater to users ranging from beginners to more experienced traders. Here’s a detailed guide:

How to Sign Up on Coins.ph

Visit the Website or App: Go to the Coins.ph website or download the mobile app from the Google Play Store or Apple App Store.
Create an Account: Click on the ‘Sign Up’ button and enter your email address, a secure password, and any other required information such as your name and mobile number.
Email Verification: Check your email for a verification link from Coins.ph and click on it to confirm your account creation.
KYC (Know Your Customer) Process: Complete the KYC process by uploading a government-issued ID and a selfie. This step is crucial for compliance with anti-money laundering (AML) regulations and to enhance account security.

Opening An Account

Verify Identity: After email verification, complete your profile by providing additional personal details required by the platform.
Set Up Security Features: Enable two-factor authentication (2FA) to add an extra layer of security to your account.

How to Buy Your First Cryptocurrency

Deposit Funds: Choose your preferred deposit method (bank transfer, credit card, or cash deposit at partner outlets) and add funds to your Coins.ph wallet.
Purchase Cryptocurrency: Navigate to the ‘Convert’ section, select the cryptocurrency you wish to buy, and confirm the transaction details such as the amount and current exchange rate.

Account Types

Coins.ph primarily offers a single type of account that caters to both casual and serious crypto traders, with all users having access to the same range of features, including wallet services, buying and selling cryptocurrencies, and using the platform for payments and remittances.

How to Use Coins.ph?

Buying and Selling: Use the simple interface to buy and sell cryptocurrencies directly from your wallet.
Paying Bills and More: Take advantage of the platform’s ability to pay bills, buy load, and send remittances directly within the app.
Trading on Coins Pro: For advanced trading options, switch to Coins Pro within the app for features like market and limit orders.

Registration and KYC

The registration process requires users to provide personal information and documentation to meet regulatory requirements. This includes identity verification, which is essential for accessing full features and higher transaction limits.

Reminder

How to Deposit Money: Remember, you can deposit money into your Coins.ph wallet using various methods including over-the-counter at banks, 7-Eleven, Cebuana Lhuillier, and more, making it easy to fund your account.

This comprehensive guide provides a clear roadmap for new users on Coins.ph, ensuring they can confidently navigate the platform and make informed cryptocurrency transactions.

Security

Potential for User Error: The high level of security requires users to manage their security settings actively, such as keeping track of their authentication methods and using them correctly. This can lead to potential user errors, such as losing access to authentication devices, which could lock users out of their accounts.

Pros

Regulatory Compliance: Coins.ph is regulated by the Bangko Sentral ng Pilipinas (BSP), ensuring that it adheres to strict financial and security regulations. This compliance provides users with a level of assurance about the platform's operational integrity and commitment to safeguarding user funds.
Continuous Security Monitoring: Coins.ph actively monitors its systems for unusual activities and continuously updates its security practices to address new threats. This proactive approach ensures that the platform remains secure against evolving cybersecurity challenges.
Robust Security Protocols: The platform employs industry-standard security measures such as SSL encryption, two-factor authentication (2FA), and cold storage for the majority of its crypto assets. These measures significantly reduce the risk of unauthorized access and potential theft.

Cons

Limited Transparency on Specific Security Practices: While Coins.ph advertises robust security measures, there may be limited public information regarding the specific details of their security operations, such as the frequency of security audits or the exact technologies used. This could be a concern for users who seek deep technical assurances.
Potential Risks in User Security Practices: Despite the platform's strong security measures, the actual security for users also heavily depends on their practices, such as how they manage their passwords and authentication methods. Users who do not follow recommended security practices may still be vulnerable, which reflects a shared responsibility model that not all users may be prepared for.

Is Coins.ph Legit?

Regulation and Licensing Coins.ph operates under the regulation of the Bangko Sentral ng Pilipinas (BSP), ensuring compliance with all local financial laws and regulations. This oversight confirms its status as a legitimate financial service provider. Being a registered Electronic Money Issuer (EMI) and remittance agent underlines its commitment to lawful operations.

Is Coins.ph Safe?

Security Measures

Two-Factor Authentication (2FA): Mandatory for all transactions, enhancing account security.
Cold Storage: The majority of funds are stored in offline wallets, which protects them from online threats.
SSL Encryption: Protects data transmitted between servers and clients from being intercepted by malicious entities.

History of Security Coins.ph has maintained a strong security record with no significant breaches, underscoring its effectiveness in safeguarding user assets and information. Continuous monitoring and regular updates to security protocols help maintain this standard.

Regulation

Compliance with AML and KYC Coins.ph adheres to strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies, which helps prevent fraudulent activities and verify the identity of its users, adding an additional layer of security.

Licensing

As a licensed financial service provider, Coins.ph holds credentials that authorize it to operate not only as a cryptocurrency exchange but also as a remittance and payment service. This licensing is crucial for maintaining high operational standards and user trust.

Is Coins.ph Safe for Your Cryptocurrency?

Storage and Encryption With advanced encryption technologies and the strategic use of cold storage for the majority of its assets, Coins.ph ensures that user funds are kept secure from external threats. Periodic security audits and reviews by internal and external experts fortify its defenses.

Why It Is a Secure Crypto Exchange

User Education Coins.ph invests in educating its users about security best practices through its blog and customer service. Educating users on securing their own accounts is an integral part of the platform’s security ecosystem.

Final Mini Conclusion of This Section

Coins.ph has established itself as a safe and reliable platform for cryptocurrency trading and payments. Its compliance with regulatory standards, coupled with robust security measures and a clear commitment to user safety, makes it a trustworthy choice for users looking to engage with cryptocurrencies securely.

Customer service

Coins.ph offers an accessible platform for cryptocurrency trading, especially popular in the Philippines. Its strength lies in its integration with traditional banking and financial services, allowing users to buy, sell, and trade cryptocurrencies such as Bitcoin, Ethereum, and Ripple using local payment methods like bank transfers, GCash, and even cash at 7-Eleven stores. This makes it highly convenient for local users. Additionally, Coins.ph provides a user-friendly mobile app, making it easy for beginners to get started with cryptocurrencies. On the downside, Coins.ph has a limited range of supported cryptocurrencies compared to other international exchanges, which might not appeal to advanced traders looking for a wider selection. The transaction fees can also be higher than those on more competitive global platforms. However, for Filipino users looking for a straightforward and locally integrated solution to start trading cryptocurrencies, Coins.ph is a reliable and practical choice.

Pros

Multiple Support Channels: Coins.ph offers a variety of customer support options, including live chat, email, and phone support, ensuring that users can choose the most convenient way to get help based on their specific needs.
Language Accessibility: Support is provided in both English and Filipino, making it accessible for a broad range of users within the Philippines. This bilingual support is crucial in a diverse linguistic landscape like the Philippines.
24/7 Availability: Customer service is available around the clock, which is particularly beneficial for users in different time zones or those who need assistance during non-standard hours. This constant availability enhances user experience and satisfaction.

Cons

Response Times Can Vary: While Coins.ph generally offers quick response times, there can be variability, especially during peak times or for complex issues. This inconsistency can be frustrating for users needing immediate help.
Quality of Responses: Some users have reported that while customer service is readily accessible, the quality of support can vary. In some cases, the responses may not fully address the users' issues on the first contact, requiring follow-up interactions to resolve matters completely.

Read more about customer service in Coins.Ph

Coins.ph provides a comprehensive customer service framework aimed at addressing the diverse needs of its user base efficiently. Here’s a detailed exploration of the customer service aspects of Coins.ph:

Customer Support at Coins.ph

1. Support Channels:

Live Chat: Offers real-time assistance, ideal for urgent inquiries and quick fixes.
Email Support: Suitable for detailed queries that may require attachments or lengthy explanations.
Phone Support: Provides a direct line to customer service representatives for immediate assistance on pressing concerns.
Social Media: Active customer support through platforms like Facebook and Twitter, facilitating a modern, informal way for users to reach out.

2. Support Accessibility:

Customer service is accessible directly through the Coins.ph app and website, ensuring users can easily get help without leaving the platform.

Reputation and Customer Feedback

1. User Reviews:

Generally positive, highlighting the responsive and helpful nature of the support team.
Particularly noted is the platform’s effective handling of typical transactional issues like account verification, transaction delays, and wallet management.

2. Critical Feedback:

Some users express frustrations over delays in resolving specific types of transactions, particularly those involving external banks or services.
Occasional feedback on the need for more detailed guidance for new users, suggesting an area for improvement in educational support.

Methods of Contact

1. Immediate Support:

Users preferring instant communication can use live chat or phone support for the fastest service.

2. Detailed Inquiries:

Email is recommended for complex issues that require thorough investigation or when users need to submit documentation.

3. Informal Queries:

Social media platforms are increasingly popular, especially among younger users, for quick and casual inquiries.

Response Time

Live Chat and Phone: Typically, responses are immediate. These channels are designed to provide on-the-spot solutions.
Email: Response times can vary from a few hours to a day, depending on the complexity of the issue and the current volume of inquiries.
Social Media: Generally quick, with responses often provided within a few hours.

Additional Considerations

1. Multilingual Support:

Providing support in both English and Filipino ensures broader accessibility, accommodating the linguistic diversity of the Philippines.

2. Proactive Communication:

Regular updates and notifications about ongoing issues, system updates, or security alerts can enhance user trust and satisfaction.

3. Feedback Mechanism:

An effective feedback mechanism that allows users to rate their support experience can help Coins.ph monitor performance and identify areas for improvement.

4. FAQ and Help Center:

A well-maintained FAQ or help center can greatly reduce the volume of direct inquiries by empowering users to find solutions independently.

By maintaining robust customer support, actively managing its reputation through user feedback, and providing multiple convenient contact methods, Coins.ph ensures a supportive environment that enhances user confidence and encourages engagement with the platform.

Is Coins.ph Right for You?

Geographic Suitability: Coins.ph is primarily designed for users in the Philippines, offering features and services that are specifically tailored to meet the needs of this market. If you are based in the Philippines and are looking for a cryptocurrency platform that integrates traditional financial services with modern crypto trading, Coins.ph could be a great fit. It supports direct transactions in Philippine Pesos (PHP), making it incredibly convenient for local users to buy, sell, and manage cryptocurrencies alongside everyday financial tasks like paying bills and sending remittances.
Ease of Use: Coins.ph is renowned for its user-friendly interface, which is ideal for beginners in the cryptocurrency space. If you are new to cryptocurrencies and prefer a straightforward platform that simplifies the trading process and offers comprehensive customer support, Coins.ph can serve as an accessible entry point. Additionally, its educational resources can help you grow your understanding of the crypto market safely and effectively.
Service Integration: Consider whether you would benefit from a platform that combines various financial services in one place. Coins.ph goes beyond simple crypto trading by offering additional services such as mobile top-ups, bill payments, and remittance services, all accessible via the same wallet. This integration can be particularly advantageous if you are looking for a holistic platform that supports a wide range of financial activities without the need to manage multiple accounts or services.

Assessing these aspects will help you decide if Coins.ph aligns with your specific needs and circumstances, ensuring that your choice of crypto platform enhances your trading experience and financial management.

Coins.ph compared to other crypto exchanges

Threenvest score

3,7

Fees

≤3,99%

US Legal

–

Security

High 4,6/5

Investing risks losing your money

Threenvest score

4,7

Fees

0,10%

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

crypto.com

Threenvest score

4,9

Fees

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

Available cryptocurrencies and countries available

Coins.ph supports a diverse range of over 50 cryptocurrencies, allowing users in the Philippines to trade popular digital assets directly with Philippine Pesos (PHP). This extensive selection caters to both novice and experienced traders looking to diversify their portfolios or engage in frequent trading activities.

Principal Cryptocurrencies Available: Some of the major cryptocurrencies available on Coins.ph include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These assets cover a significant portion of the market, making Coins.ph a suitable platform for users interested in both mainstream and slightly less common cryptocurrencies.
Notable Cryptocurrencies Not Available: However, some significant cryptocurrencies are not currently supported on Coins.ph, such as Cardano (ADA), Polkadot (DOT), and Solana (SOL). If you are looking to trade these particular cryptocurrencies, Coins.ph might not meet your needs.
Available Countries: Coins.ph primarily serves users in the Philippines, offering tailored services that are specifically designed to meet the needs of this market, including integration with local banks and payment systems.
Countries Not Supported: As of now, Coins.ph does not offer services to users outside of the Philippines. Important global markets like the United States, European countries, and other regions in Asia are not supported, which limits the platform’s usability for international users who might be interested in the same level of service integration and convenience offered by Coins.ph.

This focus on the Philippines provides a highly localized service but does mean that potential users from other countries will need to look elsewhere for their cryptocurrency trading needs.

Main cryptocurrencies available

Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
Litecoin (LTC)
Bitcoin Cash (BCH)
EOS (EOS)
Stellar (XLM)
Ethereum Classic (ETC)
NEM (XEM)
Dash (DASH)
Chainlink (LINK)
Basic Attention Token (BAT)
0x (ZRX)
Qtum (QTUM)
OmiseGO (OMG)
Kyber Network (KNC)
Augur (REP)
Dogecoin (DOGE)
Maker (MKR)
Compound (COMP)

Main countries where you can open an account

Philippines: The only country where Coins.ph actively offers its full range of services and allows users to open an account.

FAQs

1. What is the minimum amount required to start trading on Coins.ph?

You can begin trading with as little as a few hundred Philippine Pesos, allowing for accessibility to users with various financial capacities.

2. How do I secure my Coins.ph account?

Enable two-factor authentication (2FA), choose a strong password, and always log out after using the platform on shared devices. Coins.ph also recommends regularly updating your password and being cautious of phishing attempts.

3. Can I buy cryptocurrencies using my credit card on Coins.ph?

Yes, Coins.ph allows users to purchase cryptocurrencies using credit cards, among other payment methods such as bank transfers and cash deposits at partner outlets.

4. What should I do if I forget my password?

You can reset your password by clicking on the ‘Forgot Password’ link on the login page. Follow the prompts to receive an email with instructions to reset your password securely.

5. How long do withdrawals take on Coins.ph?

Withdrawal times vary depending on the method chosen. Most withdrawals to local banks or e-wallets are processed within 24 hours, but cash pickups might be available almost immediately at partner outlets.

6. Is it possible to use Coins.ph for remittances?

Absolutely, Coins.ph offers a remittance service that allows users to send money both domestically and internationally at competitive rates, making it a versatile tool for transferring funds.

7. Are there any transaction limits on Coins.ph?

Transaction limits depend on your account verification level. Fully verified users enjoy higher limits. You can increase your limits by completing additional verification steps in the app, such as submitting government-issued IDs and other required documents.

Final opinion on Coins.Ph

Threenvest’s comprehensive review of Coins.ph reveals it as a notably user-friendly platform tailored primarily to the Filipino market, offering a broad spectrum of services beyond mere cryptocurrency trading. The exchange excels in integrating financial transactions such as bill payments, remittances, and mobile top-ups with traditional cryptocurrency exchange services, making it an exceptionally versatile tool for daily financial management. This level of integration is a distinct advantage that sets Coins.ph apart from many other cryptocurrency platforms, which typically focus exclusively on trading.

However, while Coins.ph is highly advantageous for users within the Philippines, its geographic limitation is a significant constraint, as the platform does not support users outside this region. This can be viewed as a downside when compared to larger international exchanges that cater to a global audience. Furthermore, although the platform is designed with novice users in mind, it may not satisfy the needs of more advanced traders seeking sophisticated trading tools and features. Overall, Threenvest recognizes Coins.ph as a robust choice for Filipino users seeking a reliable and comprehensive platform for both crypto trading and everyday financial operations, though it may fall short for those requiring advanced trading capabilities or international service availability.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Do not invest unless you are fully prepared to lose the entire amount of your investment. This is a high-risk activity, and you should not rely on any guarantees of protection if something goes wrong.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.

Investing risks losing your money