Coins.ph Official Thread

[kissmarx]

D ka makakapag-open ng bank account once na sinabi mo na source of income mo ay bitcoin.

This is wrong, and bitcoin is not actually a source of income, you need to be specific.
Just stay you earn bitcoin on your online job or your earn it on trading, they just need that specific information and you can surely have an account in any bank. Bitcoin is not illegal in the philippines and coins.ph and banks are both regulated by the BSP, so I don't see a problem on that.

Tama. This is what I did when I opened an account in BDO. What we do is an online job kung saan we earn by trading bitcoin / crypto. With this information, I was even granted a permanent importer's code from the BSP via BDO.

And it is good that the BSP is now more crypto-friendly than ever. I read from the news that there are about 13 Philippine companies now na accredited by the BSP to transact with cryptos.

[1715247433]

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[1715247433]

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[1715247433]

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[SuicidalDemon69]

D ka makakapag-open ng bank account once na sinabi mo na source of income mo ay bitcoin.

This is wrong, and bitcoin is not actually a source of income, you need to be specific.
Just stay you earn bitcoin on your online job or your earn it on trading, they just need that specific information and you can surely have an account in any bank. Bitcoin is not illegal in the philippines and coins.ph and banks are both regulated by the BSP, so I don't see a problem on that.

I don't mentioned or said that bitcoin is illegal, what I said is "not fully accepted". You need company name, employer contact number, proof-of-billing (for address verification) and certificate of employment to apply for a bank account. Most of crypto paying jobs doesn't have this kind of documents. Luckily that I have an online job on that time. One of my friend said, if you have a business, you need certification from DTI/BIR and some documents that shows proof that you owned a business. You can't say that your source of funds directly is from bitcoin or trading from bitcoin instead you need to say where are the funds come from for trading bitcoin.

[Muzika]

D ka makakapag-open ng bank account once na sinabi mo na source of income mo ay bitcoin.

This is wrong, and bitcoin is not actually a source of income, you need to be specific.
Just stay you earn bitcoin on your online job or your earn it on trading, they just need that specific information and you can surely have an account in any bank. Bitcoin is not illegal in the philippines and coins.ph and banks are both regulated by the BSP, so I don't see a problem on that.

Pwede pala ito kasi one time nga mag oopen sana ako ng account sa BDO sabi ko freelancer tapos ang kinikita e cryptocurrency tapos sabi nung manager don ano daw talaga ang ginagawang trabaho ang sabi ko naman palusot ko lang e account manager ang sabi naman basta sa crypto nanggagaling yung income talagang di nila pinapayagan na magkaroon ng account.

[harizen]

Malabo makipagpartnership sa ibang banks ang coins.ph through cardless transaction. Most of the banks ay kontrolado ng central bank and central bank not fully accepted bitcoin. D ka makakapag-open ng bank account once na sinabi mo na source of income mo ay bitcoin.

Hmm bakit napunta sa pag-open ng bank account?

Ang pinopoint ng iba is magkaroon ng other cardless transaction option sa "coins.ph withdrawal option". Therefore, ang mag-iinitiate ng transaction is coins.ph and aantayin na lang ng mga users is iyong claiming details like codes and PINS. The usual way gaya nung sa EgiveCash. No need bank accounts.

Pero gaya ng sabi ko malabo sa ngayon yan. Refer na lang sa previous reply ko.

Yang subject na pag open ng bank account is another story na.

[bhadz]

Wala akong natanggap na anumang text message from Security Bank. Ewan ko ba bat hanggang ngayon disabled pa ang cashout method na yan. If Security bank is making it hard for us or coins.ph mismo. Why not coins.ph add another bank that can handle cardless transactions? Suggestion ko sa coins.ph: Metrobank can do it. PSBank can also do it. Why not do it? We are living in the most modern world yet. So Just do it.

Naalala ko yung PSBank may cardless din sila pero kasi depende pa rin yan kay coins.ph kung ano yung implement nila. Lagi naman nilang sinasabi na kinokonsider nila yung mga suggestion natin pero hindi rin ganun kadali siguro sa part nila na ibigay lang basta basta lahat ng mga gusto natin as users. Matagal na akong hindi gumagamit ng EGC kasi nga ang daming mga delays tapos ngayon na may panibagong request pa galing mismo kay Security Bank, malabo ko na gamitin yang service nila maliban nalang kung mag open ako ng account sa kanila. Kung gusto makatipid sa fees, try niyo yung bank deposit sa Metro Manila accounts walang charge pero pag outside siguro 50 pesos lang.

Yes sir mayroon ding cardless ang PSBank kasi sa pagkakaalam ko under sila ng metrobank company e ang metrobank meron na silang cardless di lang talaga tayo gaanong familiar kasi nga hindi pa natin nagagamit sa transactions natin kay coins.ph. Sa personal ko naman dahil nga di na maganda ang service ni EGC di ko na din ito ginagamit couple of months ago siguro simula nung nagbalik ito after nung matagal na nawala wala pang 5 times kong ginamit ang EGC pero talagang consistent sila sa di magandang service kaya di ko na din ginamit na.

Gusto ko rin sana ma-try yun at pwede ko na rin I-adopt pero mas okay talaga kung meron talagang paggagamitan tulad ng galing kay coins.ph. Ang hirap kasi talaga ng EGC kung hindi maintenance, pagtagal tagal ng delay yung expected arrival ng code hindi na nasunod kaya nga nagsawa na ako sa method na yan. Tipid at mabilis sana siya dati kaso ang problema kasi sinasabi ni coins.ph galing na daw yan mismo sa security bank at wala na silang kinalaman doon.

D ka makakapag-open ng bank account once na sinabi mo na source of income mo ay bitcoin.

Naalala niyo somewhere last year or two years ago ba yun yung pinapa-update lahat ng info sa mga banks? nasabi ko na bitcoin part time source ng income ko at parang wala naming paki yung staff at hindi rin naman na close account ko.

[SuicidalDemon69]

Hmm bakit napunta sa pag-open ng bank account?

Ang pinopoint ng iba is magkaroon ng other cardless transaction option sa "coins.ph withdrawal option". Therefore, ang mag-iinitiate ng transaction is coins.ph and aantayin na lang ng mga users is iyong claiming details like codes and PINS. The usual way gaya nung sa EgiveCash. No need bank accounts.

Pero gaya ng sabi ko malabo sa ngayon yan. Refer na lang sa previous reply ko.

Yang subject na pag open ng bank account is another story na.

You need banks to make cardless transaction through bank's atm. I'm pointing out that if opening a bank account with the source of bitcoin is a hassle, partnering with other banks and asking to make cardless transaction will be hassle too. There's a reason why Egivecash is always on maintenance, it's to avoid money laundering. They need verification on where that money goes that's why it's easier to cash out through Gcash/LBC and through card transactions.

[harizen]

Hmm bakit napunta sa pag-open ng bank account?

Ang pinopoint ng iba is magkaroon ng other cardless transaction option sa "coins.ph withdrawal option". Therefore, ang mag-iinitiate ng transaction is coins.ph and aantayin na lang ng mga users is iyong claiming details like codes and PINS. The usual way gaya nung sa EgiveCash. No need bank accounts.

Pero gaya ng sabi ko malabo sa ngayon yan. Refer na lang sa previous reply ko.

Yang subject na pag open ng bank account is another story na.

You need banks to make cardless transaction through bank's atm. I'm pointing out that if opening a bank account with the source of bitcoin is a hassle, partnering with other banks and asking to make cardless transaction will be hassle too. There's a reason why Egivecash is always on maintenance, it's to avoid money laundering. They need verification on where that money goes that's why it's easier to cash out through Gcash/LBC and through card transactions.

Obviously yes, you need banks service to make cardless transactions. Ang gusto nga kasi mangyari ng iba, sana same feature with EgiveCash na si coins.ph na ang bahala, hoping lang naman. Look at my reply there na nasabi ko malabo talaga.

So in here, since coins.ph is a big company, registered and complying with the rules of BSP (which is more stricter than before), they might be consider. As big business, marami silang legal documents na puwede ipakita and they are not really purely on crypto service but working as a local payment processor na rin dito sa country.

Sa reply mo kasi ang nirerefer mo is iyong individual, not a company, based sa requirements na sinabi mo. I got your point naman medyo lumiko lang ng unti dun sa ibig kong sabhin sa previous post. Pero hayaan mo na wag na natin pahabain. After all, puro opinyon lang tayo dito at wala tayo sa position to know kung ano ang pwede mangyari if ever coins.ph request for partnership.

[bitcoin31]

D ka makakapag-open ng bank account once na sinabi mo na source of income mo ay bitcoin.

This is wrong, and bitcoin is not actually a source of income, you need to be specific.
Just stay you earn bitcoin on your online job or your earn it on trading, they just need that specific information and you can surely have an account in any bank. Bitcoin is not illegal in the philippines and coins.ph and banks are both regulated by the BSP, so I don't see a problem on that.

Agree, I don't see any problems if you trlling the truth to them where you earn money because we still have supporr by the government and that BSP. Bitcoin population and people who know bitcoin and who have using it still growing in our country right now so I think that is acceptance and even banks.

[LbtalkL]

Sino pabor dito na ma add sa next update yung Convert All option sa coins ph kung mag convert btc to php, etc.. Mas maka save ng time sa pagconvert hindi na mag input manually lalo na sa eth maraming decimals.

[Muzika]

Sino pabor dito na ma add sa next update yung Convert All option sa coins ph kung mag convert btc to php, etc.. Mas maka save ng time sa pagconvert hindi na mag input manually lalo na sa eth maraming decimals.

Ok naman yan pero di mo naman kailangan saulihin yung digits kasi nakalagay naman yun kapag mag coconvert ka na wala pang sampung segundo itype yon kung sakali pero still good suggestion yon para sa mga nag coconvert ng lahat ng coin nila.

[harizen]

Sino pabor dito na ma add sa next update yung Convert All option sa coins ph kung mag convert btc to php, etc.. Mas maka save ng time sa pagconvert hindi na mag input manually lalo na sa eth maraming decimals.

Or i-clicked na lang iyong Available Balance na gaya sa mga trading sites pag naglalapag ng order.

Ok din aman yan. Pero lagyan nila ng at leat 1-2 prompt for confirmation. Baka nagkamali lang kasi iyong iba although unlikely. Sa ngayon kasi kapag magcoconvert, ang kadalasang prompt lang is pag nagbago ang price rate.

[Tamilson]

Sino pabor dito na ma add sa next update yung Convert All option sa coins ph kung mag convert btc to php, etc.. Mas maka save ng time sa pagconvert hindi na mag input manually lalo na sa eth maraming decimals.

Ok din naman yan pero siguro mas ok if mag focus na lang sa ibang aspect for update. I mean di naman sobrang hassle yung mag type ng digits.

Personally, much better if they focus on delays on cardless transactions.

[harizen]

Personally, much better if they focus on delays on cardless transactions.

Like what delays? For now...

Bank = ok
Remittances = ok
GCASH = ok
LBC = ok

Or you mean the Egivecash? Di na to operational for months now. Refer to the updated terms of Security Bank if bakit. In other words, puwede na ring iconsider na wala na yang withdrawal option na yan sa coins.ph.

Ang mas magandang update is alisin na lang nila to sa withdrawal options nila para wala ng umasa since parang malabo na mabalik yan dahil mandatory ang KYC ng mga beneficiaries ng EgiveCash - for full features and advantages like limits (puwede naman non-KYC pero sobrang liit ng amount (below Php 5,000) and if below nga dyan pero regular ang withdrawal, proned na sya sa KYC).

[Muzika]

Personally, much better if they focus on delays on cardless transactions.

Like what delays? For now...

Bank = ok
Remittances = ok
GCASH = ok
LBC = ok

Or you mean the Egivecash? Di na to operational for months now. Refer to the updated terms of Security Bank if bakit. In other words, puwede na ring iconsider na wala na yang withdrawal option na yan sa coins.ph.

Ang mas magandang update is alisin na lang nila to sa withdrawal options nila para wala ng umasa since parang malabo na mabalik yan dahil mandatory ang KYC ng mga beneficiaries ng EgiveCash - for full features and advantages like limits (puwede naman non-KYC pero sobrang liit ng amount (below Php 5,000) and if below nga dyan pero regular ang withdrawal, proned na sya sa KYC).

sa palagay ko lang since we already pass our KYC kay coins.ph pwede naman makipag coordinate si Security Bank sa kanila diba pero para sa iba na ganyan ang mangyayare malabo na yan kahit na free of charge pa din ang cash out niya.

[Darker45]

D ka makakapag-open ng bank account once na sinabi mo na source of income mo ay bitcoin.

This is wrong, and bitcoin is not actually a source of income, you need to be specific.
Just stay you earn bitcoin on your online job or your earn it on trading, they just need that specific information and you can surely have an account in any bank. Bitcoin is not illegal in the philippines and coins.ph and banks are both regulated by the BSP, so I don't see a problem on that.

Agree, I don't see any problems if you trlling the truth to them where you earn money because we still have supporr by the government and that BSP. Bitcoin population and people who know bitcoin and who have using it still growing in our country right now so I think that is acceptance and even banks.

But be extra careful. Extreme caution is really needed. I have heard and read stories countless of times that persons are either declined to open an account or their existing accounts closed or frozen due to the mention of crypto or Bitcoin.

Several local threads have been opened here on this topic. And most advice fall on avoiding crypto or Bitcoin getting mentioned in the banks.

[Muzika]

D ka makakapag-open ng bank account once na sinabi mo na source of income mo ay bitcoin.

This is wrong, and bitcoin is not actually a source of income, you need to be specific.
Just stay you earn bitcoin on your online job or your earn it on trading, they just need that specific information and you can surely have an account in any bank. Bitcoin is not illegal in the philippines and coins.ph and banks are both regulated by the BSP, so I don't see a problem on that.

Agree, I don't see any problems if you trlling the truth to them where you earn money because we still have supporr by the government and that BSP. Bitcoin population and people who know bitcoin and who have using it still growing in our country right now so I think that is acceptance and even banks.

But be extra careful. Extreme caution is really needed. I have heard and read stories countless of times that persons are either declined to open an account or their existing accounts closed or frozen due to the mention of crypto or Bitcoin.

Several local threads have been opened here on this topic. And most advice fall on avoiding crypto or Bitcoin getting mentioned in the banks.

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I also read about this, madami din nagsabi na nyan dito before nung nasa peak pa ng issue na ito na may mga accounts na nacoclose kasi existing na dahil di maipaliwanag yung mga pumapasok na pera at the same time nasasabi nila na ang crpyto ang source ng income nila kaya ang nangyayare close account or yung ififreeze ang account nila.

[harizen]

sa palagay ko lang since we already pass our KYC kay coins.ph pwede naman makipag coordinate si Security Bank sa kanila diba pero para sa iba na ganyan ang mangyayare malabo na yan kahit na free of charge pa din ang cash out niya.

Yan din iyong naisip kong pwedeng gawin ni coins.ph. Kaya lang parang special exception kasi ang mangyari kapag inaallow yan ni Security Bank. Saka need ng basbas ng BSP. Per mobile number kasi ang counted ng beneficiaries ng EgiveCash meaning si coins.ph account ay kayang maglabas ng pera sa ibat ibang number which is di na ayon sa KYC ng Sec. Bank.

If ever, mangyari yan, magiging limitado na lang sa isang number ang puwede tumanggap ng EgiveCash sa isang coins.ph account at iyon ang mobile number natin since tayo ang may KYC.

[dark08]

Sino pabor dito na ma add sa next update yung Convert All option sa coins ph kung mag convert btc to php, etc.. Mas maka save ng time sa pagconvert hindi na mag input manually lalo na sa eth maraming decimals.

Ito din yung gusto ko mangyari sa next update nila kasi minsan hassle sa time lalo na pag gusto mo iconvert lahat ng fund mo example ethereum to php or bitcoin, okay din sana kung taasan na nila yung withdrawal limit kahit hindi ka full verified (level2 account)

[shadowdio]

Sino pabor dito na ma add sa next update yung Convert All option sa coins ph kung mag convert btc to php, etc.. Mas maka save ng time sa pagconvert hindi na mag input manually lalo na sa eth maraming decimals.

Ito din yung gusto ko mangyari sa next update nila kasi minsan hassle sa time lalo na pag gusto mo iconvert lahat ng fund mo example ethereum to php or bitcoin, okay din sana kung taasan na nila yung withdrawal limit kahit hindi ka full verified (level2 account)

Ano kaya simulan na natin mag suggest sa kanila na lagyan convert all button para diritso na sa pagconvert sa ating cryptos.

[bL4nkcode]

Sino pabor dito na ma add sa next update yung Convert All option sa coins ph kung mag convert btc to php, etc.. Mas maka save ng time sa pagconvert hindi na mag input manually lalo na sa eth maraming decimals.

Ito din yung gusto ko mangyari sa next update nila kasi minsan hassle sa time lalo na pag gusto mo iconvert lahat ng fund mo example ethereum to php or bitcoin, okay din sana kung taasan na nila yung withdrawal limit kahit hindi ka full verified (level2 account)

Ano kaya simulan na natin mag suggest sa kanila na lagyan convert all button para diritso na sa pagconvert sa ating cryptos.

You or anyone can do it na gustong mangyari yang ganyan asap so they can hear your suggestions.
Though I'm not so sure na i'implement nila ang ganyang feature, its part of their business na kase tho it can help their users. I suggested some convert feature way back 2016, pero till now walang nagyari at eversince di pa nila binago yung kanilang convert function so parang malabo ang ganyan, pero you can try pa rin, wala namang mawawala sayo, you will just use 2-4 mins of your time.