Another day has come, and for today's article, one thing will be talked about. It is about a digital wallet in which we can store our BCH. Some of you may know this already, but for those who do not know it yet, I hope it will help you.
Without further ado, let's get started.
With the speedy developing progress of technology worldwide, some of the things that we thought impossible are deliberately becoming feasible.
In this age of digital currency, only Bitcoin or BTC is what I know before. I never thought that there are many cryptos aside from it, and all I know that time is that it is very costly.
Students who struggle to help their parents amidst the pandemic really need extra money for their studies, especially because many expenses are required for examinations, such as payments for books, ebooks, prepaid load for internet, and many more.
This platform happened to be one of the best options and of great help. It does not only help its users gain a certain amount of BCH but also helps everyone learn more about cryptocurrency and further improve our knowledge regarding trading by following known investors and experienced traders such as sir @MarcDeMesel, and reading their articles.
So when we write and receive some amount, there are many options to send our money from here to different digital wallets that support Bitcoin Cash as we have here on this site. One of these several wallets is Coins.ph.
First thing first, what is coins.ph?
A Southeast Asian fintech company, coins.ph, approved and regulated by Bangko Sentral ng Pilipinas, is a digital wallet where we can also buy load, trade cryptocurrencies such as bitcoin, bitcoin cash, ethereum, ripple, and send money different outlets.
As stated by the company, it is the first-ever blockchain-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank and it has also built one of the country's largest cash distribution networks, operating through over 33,000 partner locations domestically and over 500,000 locations worldwide.
This is where I transfer the BCH I earned here, and also I use this app to save money for expenditures such as buying load since a 10% rebate for the first 2,000 worth of load transaction every month then 5% after it without limit is being given.
It really helps students save money for buying load, especially now that classes are held online.
This is an example of its benefit:
If you want to buy P100 worth of load.
If you purchase a prepaid load from retailers near you, you will pay P100 plus additional 2 pesos or more depending on the load retailer.
If you will buy it using the coins.ph app, you will just only spend P90. At least 12 pesos is what you could save by doing the math.
So, what will you choose? The answer is pretty obvious.
How to Cash Out?
Cashing out in the Philippines
You can send money to 22 thousand plus locations. A few of the banks where you could send your money are Metrobank, BPI, UnionBank, and many more banks.
You may choose Palawan Express Peso Padala, LBC Instant Peso Padala, and M Lhuillier Cash Pickup if you prefer the fastest available options.
Here is the list of the services coins.ph offers:
Cash In
Cash Out
Buy Load
Pay Bills
Convert
Game Credits
Favorites
Remit
Crypto
beep ™
Coins Pro
Promotions
Gift Cards
Travel
Entertainment
Other ways where you can use coins:
Get Deals from Booky
Shop online with Shopee
Reload Autosweep RFID (SLEX)
Reload EasyTrip NLEX Toll
Receive Western Union
Buy Steam Wallet Codes
Reload Meralco KLoad
Share Ang Pao
In order to access all the services it offers, you should verify your account to at least level 2. You cannot use it to convert bch to peso unless you are level 2. If you are asking how to get verified to level 2, you can do it by verifying your phone, identity, and selfie.
At that level, the daily cash in limit is P50,000 or $1,031. The monthly cash-in limit is P100,000 or $2,062. The yearly cash-in limit is P400,000 or $8,248. The same amount is what you can cash out at level 2 daily and yearly. The monthly cash-out limit is P250,000 or $5,155.
That's it, guys! If you have any other suggestions, feel free to write it down below. See you again on my next article where I will be going to share a new topic.
Are you new to my profile? If you do not know me yet, I am Burnok, your friendly neighbor who loves writing things like this and like that. Here are some of my articles, which you may want to read too.
