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carriebee
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August 05, 2017, 05:23:34 PM |
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Coins.ph is bitcoin wallet base here in my country from Philippines. This is most use web wallet here because its easy to convert into fiat that anyone here could cashout their bitcoin to bank account and remittance anytime. Im using this for many years now so far I didnt encountered any problem. But ofcourse if you will save huge amount of bitcoin you have choice to use a secured wallet with private key's like electrum wallet.
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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jaceefrost
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August 06, 2017, 03:51:42 PM |
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Coins.ph is an exchange wallet so I'd highly recommend you not to use it to store a huge amount of moneh. They are very strict in their policy and you may end up having no access in your wallet if you fail to comply with their TOS. I'd suggest you to only use it if you are selling or buying btc and store your bitcoin in a wallet whdre you have full control of your address and funds.
Coins.ph is a legitoney wallet.With coins.ph your money I did not said that it's not legit. Infact I am using it but I just want to inform OP that it's an exchange and we all know that exchanges are less safe than wallets where we can fully control. Also, what they said is right, it's demographically available to some country(mostly asian countries) it's not available for people in US and has limited functionality to people outside the Philippines. |
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rjbtc2017
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August 07, 2017, 12:44:44 AM |
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It's a legit but some posters here are correct, you don't have your own private keys. and it's an exchange, their selling and buying is not proportional to the bitcoin real time amount ( it's still a business though that's why its understandable) you can create your own wallet thru electrum so that you can hold your private key and being sure that you own your money without a third party account handling it just like coins.ph
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Edrian
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August 07, 2017, 02:05:39 AM |
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Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
Hi. If you are storing a very huge amount of btc, certainly coins.ph is not for you. (As for me, I only use this for cashing out btc into fiat). There are a lot of wallet out there where you have your own private key. Mycelium and electrum is the most common one. There is a thread out here in beginners that can help you on which wallets to choose from. |
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chixka000
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August 07, 2017, 02:10:31 AM |
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Since coins.ph is a web wallet i usually store not more than $500 in my wallet. Tho what i like about their service is that they have a lot of freebies that a philippine citizen can used to increase their income but as per caution even if they have a good service.
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ivrynx
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August 07, 2017, 02:45:31 AM |
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i use coins.ph as my mobile wallet, i is easy to use and you can have a lot of rewards to redeem, however when it comes to storage of my bitcoins i use a different wallet, I also store it in to an external hard drive so as not to be hacked, I just make sure that all my bitcoins have back up, since we are living in an advance era, it is easy for hackers to hack your wallet, just be sure, if you use coins.ph though it is secured by the site, make sure to only store a minimum amount of coins, it is still better to be safe than sorry.
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Jenn09
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August 07, 2017, 05:16:00 AM |
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Coins.PH seems a good & trusted wallet i've been encounter since i enter crytpo world. All transactions I make is smooth so i guess i can recommend this to others especially co-Filipino users cuz it is the only trusted wallet here in Philippines, but i heard that rebit is good to. Didn't tried yet but maybe soon.
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no0dlepunk
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August 07, 2017, 05:42:56 AM |
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Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
If you see yourself as a future bitcoin enthusiast, I suggest to buy a hardware wallet and only use coins.ph to convert fiat to bitcoin. Do not store bitcoins in that site for long because you cannot tell what may/can happen to it. I keep as little as 0.05 btc in it, anything more than that goes straight to my hardware.  |
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TheCoinFinder
Legendary
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Activity: 938
Merit: 1001
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August 07, 2017, 05:59:20 AM |
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Coins.ph is a phillipian web wallet, also has amdroid app. I got a virtual debit card with some preloaded bits. Leter on you can reload with bitcoins but all these benefits are only given when you verify your account with real identification documents. Not recommended for everyone but to philipians
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Jombitt
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August 07, 2017, 06:16:46 AM |
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Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
coins ph is a good online storage of bitcoin wallet but do not store high value of bitcoins there because they are so strict if you fail to comply with their terms of service and theres a tendency you will lose your access to your bitcoin funds. |
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buwaytress
Legendary
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Activity: 2800
Merit: 3443
Join the world-leading crypto sportsbook NOW!
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August 07, 2017, 06:26:17 AM |
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Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
You'll hear it from everyone here. Don't use a web wallet unless you control your private keys. That having been said, this is generally the advice for storing Bitcoin. If you're really just going to exchange your coins, then coins.ph is not a bad place to use. I do store a small balance on my favourite exchange (LBC), sometimes I even have small balances sent to it until it accumulates enough for me to sell. Why? The main reason is so I can instantly sell it when I need it. With LBC I find a buyer, sell for fiat, and everything is completed under 5 minutes. The secondary reason? I save a little on tx fees. If I were to receive 20 txs and send them off bulk to LBC when I want to sell, it'd be a big chunk of data to pay for. Coins.ph is the biggest exchange in your country, so if you use it a lot, it would make sense to receive directly into the wallet - if you know you're going to sell. |
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babysweetTiger0401
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August 07, 2017, 06:59:01 AM |
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Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
Well, I guess coins.ph in my opinion has the same similarity to coinbase, where they are capable to ban their client if you violate there rules. But in terms of usages it is very helpful including myself, I most often used coins.ph for encashing money through remittances, and I agreed that never store a huge of bitcoin on coins.ph its not because I don't trust but for security only. Much good to sotre it in electrum wallet  |
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DoublerHunter
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August 07, 2017, 09:09:18 AM |
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Coins.ph is a good wallet based on my research and a lot of filipinos prefer to use that wallet aside from the international wallet because they can use it to pay bills, buy loads etc. they can also use it to easily cash out their money to remittances or to their bank account which is really awesome for the filipino bitcoin users in the philippines.
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Kr-sama
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August 07, 2017, 09:27:57 AM |
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Only use coins.ph wallet if you are going to exchange your bitcoin to peso, otherwise, store your bitcoin in other wallets. You do not have your private keys if you use coins.ph wallet so you really do not have control over your bitcoin.
Electrum is a good wallet and it is lightweight.
I agree. You don't have access to your private keys when you are using an online wallet. Just use coins.ph when you are exchanging your BTC to Php. Don't use it as a wallet. And like what he said, I also recommend using Electrum. |
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Wicked17
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August 07, 2017, 10:05:21 AM |
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Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
coins.ph wallet is one of the best online wallet that i have use. I store all my earnings here in this wallet and i dont face any problem using it. I can buy internet and phone load and buy gadgets through online and also paying my utility bills like phone bills, electricity bills and water bills. |
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akosiya2
Newbie
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Activity: 5
Merit: 0
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August 07, 2017, 10:32:25 AM |
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I am using coins.ph now but reading the replies here in the thread, I might consider to avoid using it. I doubt when they required to have a government issued identification to have your verification. Well, it is worth a try, isn't?  |
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Heyyyrenz
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August 07, 2017, 10:47:19 AM |
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coins.ph is a mobile and a online exchange wallet. It means you can instantly convert your bitcoins into php (vice versa) there are many good features about this wallet you can buy load instantly, pay bills, pay tuition fees, and buy game loads. You can also use bank to withdraw, remittance center, pick ups etc. but the bad thing about this is that it's an online wallet meaning your paraphrase password is stored in their server or they hold your key if a hacker hacks their system they may take your password and may have an access to your account and may take your bitcoin or money. i suggest that don't put a big amount of money here for your safety or if you're just going to withdraw your money instantly use it. but if you want to put a large amount of bitcoin use a hard wallet or a wallet that let you hold your paraphrase password.
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webmastax
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August 07, 2017, 10:53:07 AM |
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Do you have control of your private keys? If not do not use it. I'm ok with blockchain  |
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Kyraishi
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August 07, 2017, 10:53:58 AM |
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Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
Okay, first please move this to web wallets instead of posting this in bitcoin discussions. You can do so by clicking the link in the bottom left corner and selecting service discussions -> web wallet. This isn't the appropriate place to post this sort of inquiry. Onto your question: No, i do not think that coins.ph is a particularly good choice for wallet. Reason simply being that they have control over your bitcoins, not you. You don't hold any private keys to your bitcoin. They are trustworthy now, but ultimately if a court order is filed against them then it could potentially mean that your account balance is frozen, or just gone. It is convenient though, especially if you live in the Phillipines. So I'm not saying don't use it at all, use it for smaller amounts. For storage of larger amounts of bitcoin, use a desktop wallet like Electrum instead. |
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Kr-sama
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August 07, 2017, 11:01:45 AM |
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Do you have control of your private keys? If not do not use it. I'm ok with blockchain Same goes for blockchain. It is not recommended to use a web wallet mainly blockchain because you don't have control over your coins. You don't hold the private keys to your bitcoin. Use a desktop wallet instead. Like what most of us here recommend on using, I recommend using Electrum. |
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