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Coins.ph Bitcoin Wallet Review

Coins.ph Bitcoin Wallet Review

Author
Users
  • Reliability
  • Security
  • Transparency
  • Exchange Fees
  • Customer Support

Functioning in the Thailand and Philippines, Coins’ mission is to upsurge financial addition by distributing financial services directly to users through their mobile phones. You can load your phone, pay bills, and accept money from anybody. By using Coins.ph- bitcoin wallet, customers have admittance to a mobile wallet and services like remittances, bill payments, air-time, and online shopping at more than 100,000 merchants who receive digital currency.

Services offered by the company:

Following are the services offered:

Send and Receive cash:

You can send fun holiday “Red Envelopes” to your friends and dear ones. You can send money to any main bank or remittance center located in the Philippines. It provides free servies for person-to-person transfers. It provides service to transfer money to GCash as well as smart money mobile wallets

Cash-in and Cash-out at 22,000+ locations:

– Coins.ph provides instant cash-in at any 7-Eleven, Cebuana, or M-Lhuillier nationwide. It is supported in 30+ major banks. For this, there are 5,000+ cash pickup locations.  450 ATMs for prompt card less cash-out are available. It provides door-to-door delivery for the same.

Bitcoin compatible:

You can send and receive funds from any of the bitcoin wallet. You can pay online at Newegg, Microsoft, Expedia, and 70,000+ supplementary merchants receiving Bitcoin.

Features:

It provides features allowing users to buy or sell bitcoin via convenience stores, remittance outlets, and also local brokers.

  1. Reliability:

Complete care is taken with KYC and AML. As every transaction is automatically recorded, this permits for real-time, precise analysis of dealings to avoid money laundering and additional illicit activities. This implies its reliability. 

  1. Security:

Coins.ph is the leading and most reliable digital currency company in zone of Southeast Asia. It makes use of AES-225 Encryption, SSL connections, and 2-Factor Authentication to secure your transaction experience.

  1. Trading Platform:

Having its close ties with the native payment network suppliers and banks, it permits users to buy and sell bitcoin through traditional trading platforms such as bank wiring, bank deposits, and ATM deposits.

  1. Transaction fees/charges:

Following are the transaction fees/charges for Starter, Business and Enterprise plans.

Starter

  • No setup or monthly fees
  • 0% transaction fee
  • 10 payment requests per day
  • Available on Web, Android, or iOS
  • API access

Business

  • No setup or monthly fees
  • 1.5% ~ 2.5% transaction fee
  • 100 payment requests per day
  • Available on Web, Android, or iOS
  • API access

Enterprise

  • Customized pricing
  • Unlimited payment requests per day
  • Available on Web, Android, or iOS
  • API access
  • Priority support
  • Migration assistance
  1. Pros:

Coins.ph have developed a service called Door-to-Door Delivery, precisely for families who reside in the area so that their family member who functions in the town and can deliver them payments to their home through delivery networks like LBC. Coins.ph provides 10 bitcoin buying and selling methods. 

  1. Cons:

Its acquiescence with KYC (Know Your Customer) guidelines forces users to confirm their addresses and government supplied IDs. To exploit the daily spending limit, users must take a selfie holding the government issued card in hand.

  1. Summary:

Coins.ph is basically established with safer cash-in and cash-out transactions in viewpoint. It is a bitcoin exchange based out of Thailand and Philippines supporting providing high level security.

One Comment

  1. Thanks, great article.

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