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Author Topic: Coins.ph  (Read 1009 times)
aqOe2
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November 27, 2017, 02:26:00 PM
 #1

Hello guys..I'm just curious if we can use coins.ph as a trading platform...Are you guys convert your php balance when BTC value is low and wait to go high then convert it to PHP again if you think the value of BTC is going down?thanks
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November 27, 2017, 02:41:03 PM
 #2

Yes!. I am doing that but just be careful on playing there coz the buy and sell amount differ and you can lose on that way. Other than that, its free from transaction fee so feel free.!

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November 27, 2017, 02:44:07 PM
 #3

Only use coins.ph as a method of buying/selling bitcoin for fiat. I don't suggest using it as an exchange, as the btc<->fiat exchange fees are very VERY high. I'd personally use an exchange like bittrex, bitfinex, binance, etc for that purpose.

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November 27, 2017, 02:48:39 PM
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yes😊, thats what i'm doing in my free time, sometimes i feel like a pro doing it 😂
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November 27, 2017, 02:56:26 PM
 #5

Hello guys..I'm just curious if we can use coins.ph as a trading platform...Are you guys convert your php balance when BTC value is low and wait to go high then convert it to PHP again if you think the value of BTC is going down?thanks

Its not a trading platform like Polo or Kraken. Its a local exchanges in the Philippines to convert your bitcoin to PHP and used to pay your monthly bills like internet, water and electricity. You can used coins.ph to buy bitcoins thorough local 7-11 kiosk.

I also do that kind of conversion, but you have to take into consideration that fees that you are going to incurred doing that. And just a fair warning, just like any other exchanges, don't put everything in their. Although I haven't heard any hack on coins.ph, its better to be on the safe side.

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November 27, 2017, 03:57:36 PM
 #6

I have been using coins. ph for a long time and what I only do with the bitcoin I received is don't spend it, and wait until the bitcoin's value to be higher, then, I convert it to cash, then, when its value is low, I convert it again, luckily I am earning doing it from time to time. Just keep a close watch in its sell and buy value, it may let you lost your BTC and money. Smiley

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November 27, 2017, 04:03:25 PM
 #7

Hello guys..I'm just curious if we can use coins.ph as a trading platform...Are you guys convert your php balance when BTC value is low and wait to go high then convert it to PHP again if you think the value of BTC is going down?thanks

I don't recommend doing that kind of thing because that will really not give you a profit, it is the opposite. Converting bitcoin into Php using coins.ph has a very high fee and I just use coins.ph when I will be cashing out my bitcoin and sending it to a bank or a money pick up branches close to our place.

There are a lot of other platform with a lower fee if you want to convert them.
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November 27, 2017, 04:24:21 PM
 #8

Coins.ph work only for  btc  and it is now  the new used by many user in the philippines to convert there btc to php


Yeah true, I am only using coins.ph for converting my btc to php. I don't use it on trading. I've got my eth wallet , i used it on trading .but we can use it to save bitcoin or hold bitcoin and convert it to cash when bitcoin price is on its peak.
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November 27, 2017, 04:39:13 PM
 #9

Coins.ph is the leading and most trusted digital currency company in Southeast Asia.
Here are several ways to cash in to your Coins.ph account:
1. Place and fulfill a Cash In order
2. Request for a payment from someone
3. Send your Bitcoin from an external wallet to your Coins.ph Bitcoin Wallet
4. Earn rewards through missions and referrals
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November 27, 2017, 04:44:02 PM
 #10

Coins.ph work only for  btc  and it is now  the new used by many user in the philippines to convert there btc to php

Coins.ph is like a wallet you can use it in paying bills, buy load even in grocery you can use it. Coins.ph is very safely to use. You can use it in transact in bitcoin and you see the equivalent of bitcoin in Philippine money.

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November 27, 2017, 04:49:38 PM
 #11

Hello guys..I'm just curious if we can use coins.ph as a trading platform...Are you guys convert your php balance when BTC value is low and wait to go high then convert it to PHP again if you think the value of BTC is going down?thanks

This is a great way to earn profit and a lot of people especially bitcoin users and holders are doing this thing, but the thing is the fee. There are some people that I know who tried this way but unfortunately, they are not having profits because of the high fee that is paid to do the converting, I think it is best to hold it and if you want to convert it to php, better send it to a bank.

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November 27, 2017, 04:53:11 PM
 #12

Yes, i think you can do that as a trading platform. But i think i'ts just a local exchanger from Philippines to convert your bitcoin to Philippine Peso and used to pay something.

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November 27, 2017, 05:18:03 PM
 #13

Hello guys..I'm just curious if we can use coins.ph as a trading platform...Are you guys convert your php balance when BTC value is low and wait to go high then convert it to PHP again if you think the value of BTC is going down?thanks
Coins.ph is not really a trading platform but since there are two wallet where you can convert your Bitcoin to peso and vise versa, yes you can do this trick but you still need to wait for the Bitcoin price to crash big time because the selling rate of coins.ph is lower than its buy rate so before you can get a profit you still have to wait for a big increase on the price of Bitcoin maybe 20-30% increase. I also do this some times when I have enough money on my peso wallet but I don't want to recommend doing this because it is not profitable specially if you only have small amount of funds in your coins.ph wallet and also not a good strategy. If you really want to do Bitcoin trading you should do it on exchanges like Bittrex or any reputable trading platforms.
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November 27, 2017, 11:40:13 PM
 #14

Coins.ph is used for buying and selling bitcoins from and to fiat money. It's not created for trading. I suggest www.poloniex.com if you want to trade.
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November 27, 2017, 11:58:43 PM
 #15

Yes. It can be used like that. When you have cash and bitcoin is low on value you can use coins.ph to convert or to buy bitcoin and convert it again when the value rise.

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November 28, 2017, 01:22:43 AM
 #16

Hello guys..I'm just curious if we can use coins.ph as a trading platform...Are you guys convert your php balance when BTC value is low and wait to go high then convert it to PHP again if you think the value of BTC is going down?thanks
You can do that actually, there are people who are doing it and treating that as a trading platform. But be aware of the high difference of buy and sell, if you sold at high price you had to wait for long time before the price gets low. Unlike other exchange or trading platforms, they had only one price for buy and sell.

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November 28, 2017, 04:43:42 AM
 #17

If i am not wrong, coins.ph is a phillipian wallet with only two currencies support.
They support a centralized philipian peso and bitcoin as well. You can only trade between bitcoin and php.
No multiple cryptocurrencies to trade with, coins.ph is especially designed for wallet purpose, so use other platforms to trade.

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November 28, 2017, 04:51:09 AM
 #18

You better use coinmama (which accept the debit card from the PH bank), let you coin on a cold wallet or exchanger and sell them later (when it get higher) using localbitcoin or paxful

coin.ph sell higher and buy lower than the current market price
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November 28, 2017, 05:33:27 AM
 #19

Hello guys..I'm just curious if we can use coins.ph as a trading platform...Are you guys convert your php balance when BTC value is low and wait to go high then convert it to PHP again if you think the value of BTC is going down?thanks
yes im also used Coin.ph as a trading which is when bitcoin still going up I converted my php to btc to gain some profit And then when i noticed that the current valued  Is decreasing i converted it again to php Again to keep my profit safe.  As of now its still on my  btc. Cause bitcoin is keep climbing.
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November 28, 2017, 08:47:15 AM
 #20

Hello guys..I'm just curious if we can use coins.ph as a trading platform...Are you guys convert your php balance when BTC value is low and wait to go high then convert it to PHP again if you think the value of BTC is going down?thanks
yes im also used Coin.ph as a trading which is when bitcoin still going up I converted my php to btc to gain some profit And then when i noticed that the current valued  Is decreasing i converted it again to php Again to keep my profit safe.  As of now its still on my  btc. Cause bitcoin is keep climbing.

It is a bank the same time a an exchange site. Which is more direct for PH users than transferring to different sites. I dont think their would be the same services in other country but at least it would make PH traders unique for having that kind of service.
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