coins.ph as Bitcoin wallet

[malibubaby]

Coins.ph is very popular in the Philippines, the easiest way to cash out into fiat. But as a wallet, I think this is not a good choice. Better to use electrum or if you want to store it for long term try trezor for better security.

[chixka000]

Do you have control of your private keys? If not do not use it.
I'm ok with blockchain 

No we dont have a control with our private keys since this is just a shared wallet. Blockchain has ridiculous fees but in coins.ph you can have the freedom to choose a lesser or has 0 fees. Aside from that people should also understand that they are not just an exchange site but they are more likely to have a variety of services

[eagleman]

It's fine to use coins.ph as bitcoin wallet. Very the same with coinbase but I will always prefer to the wallet that I have the private keys. Top choice here is electrum you have the seed, private keys, master keys. This will do help you for security.

[Ewinsane]

As far as I can see coins.ph is a web wallet, so yes, I'd advise against using it.

You have many options, such as Bitcoin Core, Electrum and Armory for desktop and breadwallet, electrum and mycelium for mobile.

Lmao…I wouldn’t even recommend such to a person. Like are you serious? Bread wallet? That’s not a good mobile wallet, and you shouldn’t recommend such, it even has a rating 3 out of 5. Mycelium, has a lot of complaints. I don’t know about Electrum, but it’s all choice. I make use of Xapo, Blockchain.info, Coinbase (stopped using Coinbase).

[RayvenPierre]

Coins.ph is actually a nice wallet and I think most people that use it are Filipinos. It actually has a nice feauture where in you can reload your mobile phone in certain amounts and you get 5% back for each transaction. It is good for storing small amounts of bitcoin or satoshi but I wouldn't recommend storing large amounts since you got no control on the keys and you're gonna have a problem converting your bitcoin to other currencies aside from Philippine Peso.

[crwth]

Coins.ph is actually a nice wallet and I think most people that use it are Filipinos. It actually has a nice feauture where in you can reload your mobile phone in certain amounts and you get 5% back for each transaction. It is good for storing small amounts of bitcoin or satoshi but I wouldn't recommend storing large amounts since you got no control on the keys and you're gonna have a problem converting your bitcoin to other currencies aside from Philippine Peso.

I agree but you can't rely on it too much and use your every transaction on it since you do not hold the private keys to your wallet, you can never be too safe on the facts that they could get your bitcoins and run away with it, but I think it's still safe. If you are going to save, then try a different wallet that you could hold the private keys and the mnemonics if you have. Try a cold storage device.

[Saveplus]

Coins.ph is the well know crypto exchange in the Philippines and you can do lots of things in that exchange, one is you can do trading fiat to bitcoin or vise versa and now they launch beta tester for ethereum and hoping it would be successful to make us able to received other coin. Also i recommend to used coins.ph as small business by selling load and as remittance center specially if you are in remote area or in subdivision.

[peter0425]

Coins.ph is the well know crypto exchange in the Philippines and you can do lots of things in that exchange, one is you can do trading fiat to bitcoin or vise versa and now they launch beta tester for ethereum and hoping it would be successful to make us able to received other coin. Also i recommend to used coins.ph as small business by selling load and as remittance center specially if you are in remote area or in subdivision.

Thank you for mentioning about the ethereum wallet but from the looks of it, it only supported android OS so far. As for business of selling load, I don't do that, I just usually load my self and my family members if I have dust amounts in my wallet.

Coins.ph is actually a nice wallet and I think most people that use it are Filipinos. It actually has a nice feauture where in you can reload your mobile phone in certain amounts and you get 5% back for each transaction. It is good for storing small amounts of bitcoin or satoshi but I wouldn't recommend storing large amounts since you got no control on the keys and you're gonna have a problem converting your bitcoin to other currencies aside from Philippine Peso.

Well everyone here knows that in a trading exchange, we don't have the control of the private keys and coins.ph is not an exception. But I have known some friends of mine holding 6 digits in coins.ph and so far nothing has happened. I myself don't have huge amount though, I immediately convert my funds to local PHP and I hold most of my btc in a wallet like Electrum and Bitcoin core for far more control of it.

[motoprose]

With this conference that went one then maybe this will bring more exposure to the population there and will then bring on more appeal to start a new exchange to be available to the people there and not just have them rely on one sole entity there.
https://bitcointalk.org/index.php?topic=3031991.0