Coins.ph (Bitcoin and Ethereum Wallet)

[markdario112616]

We all know that the best wallet for (us) Filipinos is Coins.ph since it's one of our local bitcoin wallets, by this means it is easy for us to make transactions using our PC and/or cellphones. In addition, Coins.ph has also this feature in which we could directly pay our bills using the wallet. Having that said, Coins.ph did also recently updated their wallet to which they added ETH wallet. This update makes it more convenient for us to transact using one wallet. The addition of ETH Wallet in Coins.ph is (For me) the best update they've done.

This for just reference on how to make the ETH wallet (For Filipinos):
https://support.coins.ph/hc/en-us/articles/360000007641-How-do-I-create-my-Ethereum-wallet-

[Strufmbae]

I have checked coins. ph and it  is similar to
remitano.ph. i just don't know what would be the difference of these two,  i only know that coins. ph and remitano.ph is an exchange site so coins.ph is not a wallet, a wallet provides private key that you own, in coins. ph you have private key but it can not be imported to other wallet which means that it is an exchange wallet.
However, they are secure because they require 2fa authentication code.

[BitMaxz]

I have checked coins. ph and it  is similar to
remitano.ph. i just don't know what would be the difference of these two,  i only know that coins. ph and remitano.ph is an exchange site so coins.ph is not a wallet, a wallet provides private key that you own, in coins. ph you have private key but it can not be imported to other wallet which means that it is an exchange wallet.
However, they are secure because they require 2fa authentication code.

remitano.ph is expired domain and I don't see if they are both the same exchange site I heard a lot about coins.ph a few months ago announced that they added ethereum wallet because there are many clients are requested to add ethereum wallet so that they don't know any 3rd party exchange site to exchange their ethereum to bitcoin or fiat.

Coins.ph is safe and you can use it as a wallet even it is a local exchange site you can still save your bitcoin there without worrying because coins.ph is a legal business in the Philippines near ortigas center based on their recent location.

[TryNinja]

Coins.ph is safe and you can use it as a wallet even it is a local exchange site you can still save your bitcoin there without worrying because coins.ph is a legal business in the Philippines near ortigas center based on their recent location.

Nothing that isn't stored offline or in a hardware wallet is safe. Not even a desktop wallet is 100% safe, so how is giving your coins to a third party safe?

AFAIK Mt. Gox was also a legal business. This doesn't change the fact that they got hacked and all the coins went missing. Please stop telling people to use an exchange as a wallet.

[TryNinja]

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You are missing the point. It doesn't matter if Coins.ph is an exchange or a web wallet. What matters is that they are holding your coins, which means that if they get hacked/robbed/whatever, your coins are gone. Being associated with banks means shit when your coins are sitting in a third party wallet.

[Findingnemo]

AFAIK Mt. Gox was also a legal business. This doesn't change the fact that they got hacked and all the coins went missing. Please stop telling people to use an exchange as a wallet.

Actually coins.ph is just a wallet until they have some features on it where you can pay your bills and buy load. I don't think coins.ph is an exchange platform as for it doesn't have any market on it where a lot of people can see the flow of it and buy some tokens or coins, that isn't like that.
As I know, (someone please correct me if I'm wrong) coins.ph now associated with some banks so I don't think that hacking some accounts will be possible to rob the whole platform.

As far my knowledge the Coins.Ph is an filipino exchange where they can exchange their bitcoin and ethereum for fiat and also they can pay bills and stuffs like that but it doesn't means it is an wallet.You have the private key of that wallet? if not then it is not to be considered as a wallet even.