CryptoCoinsInfoClub.com

Bitcoins Ph

Gov't, Banks, Developers Give Tips On Using 'over-hyped' Bitcoin In Ph

Gov't, Banks, Developers Give Tips On Using 'over-hyped' Bitcoin In Ph

Gov't, banks, developers give tips on using 'over-hyped' Bitcoin in PH Gov't, banks, developers give tips on using 'over-hyped' Bitcoin in PH Posted at Dec 14 2017 10:31 PM | Updated as of Dec 15 2017 03:19 PM MANILA - Despite the skyrocketing value of Bitcoin, hitting $17,428.42 on Tuesday, fintech developers, financial institutions, and the Bangko Sentral ng Pilipinas (BSP) warned against its volatility. In a statement released Wednesday, the BSP said it is fast-tracking the approval of the registration of 12 new virtual currency (VC) exchanges to further protect consumers. "We just regulate, we don't endorse virtual currency because it's not a currency," Melchor Pablasan, head of BSPs Core-IT Specialist Group said. "We only regulate if it is used in delivering financial services like remittance," he added. In using Bitcoin for payments and remittances, Pablasan said the immediate and direct transactions make any payment made irreversible. Even BSP-licensed fintech developers who created cryptocurrency-based platforms remind the public to be cautious when deciding to invest in bitcoin. Its more risky pa than the stock market kasi theres no way to know whats going to happen tomorrow, the value right now could be a little bit over-hyped, Miguel Cuneta, co-founder of Satoshi Citadel Industries, told ABS CBN News. Justin Leow, the head of business operations of Coins.ph, a "mobile wallet" which also offers Bitcoin payment and remittance service, said his purpose of building the platform is financial inclusivity. Were a mobile wallet and our goal is to make it easy for everyone to have access to financial services even if you dont have a bank account, Leow told ABS-CBN News. Mobile wallet offers payment and remittance service using Philippine Peso or Bitcoin. With Coins.p Continue reading >>

Rebit | Send Money To The Philippines - Fast And Free!

Rebit | Send Money To The Philippines - Fast And Free!

Convert your HKD into Bitcoin at Bitspark Remittance , and then return here to make your first rebittance. *If you already have a Bitcoin wallet, you can use that to fund your rebittance too. Get started by filling out the form below . Convert your CNY into Bitcoin at OKLink , and then return here to make your first rebittance. *If you already have a Bitcoin wallet, you can use that to fund your rebittance too. Get started by filling out the form below . Convert your SGD into Bitcoin at Coinhako and Itbit , and then return here to make your first rebittance. *If you already have a Bitcoin wallet, you can use that to fund your rebittance too. Get started by filling out the form below . Convert your PHP into Bitcoin at BuyBitcoin , and then return here to make your first rebittance. *If you already have a Bitcoin wallet, you can use that to fund your rebittance too. Get started by filling out the form below . Convert your AUD into Bitcoin at Independent Reserve and Coinjar , and then return here to make your first rebittance. *If you already have a Bitcoin wallet, you can use that to fund your rebittance too. Get started by filling out the form below . Convert your JPY into Bitcoin at BtcBox , and then return here to make your first rebittance. *If you already have a Bitcoin wallet, you can use that to fund your rebittance too. Get started by filling out the form below . Convert your USD into Bitcoin at Coinbase , and then return here to make your first rebittance. *If you already have a Bitcoin wallet, you can use that to fund your rebittance too. Get started by filling out the form below . Convert your INR into Bitcoin at Unocoin , and then return here to make your first rebittance. *If you already have a Bitcoin wallet, you can use that to fund your rebittance too. Ge Continue reading >>

How Practical Is It To Live On Bitcoin In Philippines And South Korea?

How Practical Is It To Live On Bitcoin In Philippines And South Korea?

How Practical is it to Live on Bitcoin in Philippines and South Korea? A chart based on the practicality of bitcoin for daily expenditures was introduced on many popular bitcoin online forums, including Reddit. The user, who goes by the alias themetalfriend is a bitcoin enthusiast who formulated the chart after using bitcoin to finance his day-to-day life in Germany. Bitcoin practicality chart shared by Reddit user themetalfriend The communities and online forums that sawthe bitcoin practicality chart expressed interestin seeing a similar breakdown or analysis in other countries. Thus, considering the rapid emergence of innovative bitcoin startups in Asia and my personal experience of using bitcoin in South Korea and the Philippines, I haveevaluated bitcoin practicality in those two countries. Also read: Philippines Customers Can Pay Consumer Loans, Bills with Bitcoin The Philippines has experienced a surge in the growth of its bitcoin userbase. Coins.ph, the most popular and widely-used application in the country,is also one of the most-used applications and web-based platforms across all categories including games, content sharing, social media, etc. Coins.ph is a remittance-focused bitcoin application that enables anyone in the country to live solely on bitcoin without any discomfort or inefficiency. Directly from its mobile application, people can purchase and sell bitcoin through bank ATMs, physical bank branches, remittance outlets and convenience stores. Thus, for users trying to avoid owning fiat, it is highly recommended. The application also allows users to avoid using fiat and deal only with bitcoin to finance daily expenditures. Specifically, users can pay tuition, utility bills such as internet, rental, water and electricity fees, settle credit card bills Continue reading >>

Bitcoin Ph: What Is Bitcoin? Hows The Bitcoin Scene In The Philippines?

Bitcoin Ph: What Is Bitcoin? Hows The Bitcoin Scene In The Philippines?

BITCOIN PH: What is Bitcoin? Hows the Bitcoin Scene in the Philippines? BITCOIN PH: What is Bitcoin? Hows the Bitcoin Scene in the Philippines? Bitcoin has been getting a lot of coverage on the news lately, it has been dubbed as the worlds first digital currency, magical internet money, or as some conspiracy theorists would like to think, an invention by the illuminati for world domination (riiiiight). What we can tell you is, Bitcoin is completely misunderstood and its here to stay. Do you recall when (or were you aware then of..) how the internet changed the way we consumed media and interacted with others? Bitcoin is about to change the way we think about money. Bitcoin has had presence in the Philippines since its creation in 2009. Here are 10 things you didnt know about how its changing our local landscape day-by-day: 1. There are 2300+ members on the Bitcoin PH Facebook Group Though small, the Bitcoin community in the country is steadily growing. There are monthly meetups for these Bitcoin enthusiasts who consist of entrepreneurs, developers, and just about anyone into Bitcoin in the country. These meetups are also open to whoever is interested in anything and everything about Bitcoin. Check out their FB page at www.facebook.com/BitcoinPH to get yourself involved. 2. There is a Bitcoin ATM in the Philippines Brought in by the Bitmarket.ph team, this ATM is a Project Skyhook (projectskyhook.com) model, which allows users to purchase Bitcoin with their Philippine Peso. All you need is a Bitcoin wallet to receive the Bitcoin. Currently, the model is a one-way transaction ATM, but soon two-way ATMs will be available too. If you want to try out the ATM, visit the Bitmarket.ph office at Salcedo St, Makati City. You can also watch this video at www.bitmarket.ph/atm to l Continue reading >>

Why You Should Not Buy Bitcoins From Coins.ph

Why You Should Not Buy Bitcoins From Coins.ph

Why you should NOT buy Bitcoins from Coins.ph I love Coins.ph, its convenient to buy mobile load, pay bills, and to send cash to anyone even without an ATM card or bank account . I recommended Coins.ph as a way to buy Ethers in the Philippines in my previous post. I even referred my friends to sign-up at Coins.ph to start investing and trading Bitcoins. But now, I dont recommend them if you want to buy Bitcoins. Their price spread is way too large compared to other Bitcoin exchanges out there. If you live in the Philippines, there are a lot of places to buy Bitcoins, but are too expensive (i.e. coins.ph, localbitcoins.com, etc). But theres one place where you can buy BTC at a fair price, and guess what? Its the first Bitcoin company established in the Philippines. Its . Unlike Coins.ph where you have a Bitcoin wallet, Buybitcoin.ph is just a platform where you can buy Bitcoins, for a way cheaper price vs Coins.ph. You can just sign-up with Coins.ph if you dont have a BTC wallet yet, then buy Bitcoins at Buybitcoin.ph (or other platforms except Coins.ph), because the price is fair and way cheaper. Even CEX.ios price is cheaper than Coins.ph. Youll save around $300 if you buy from CEX.io, but youll save more than $500 USD if you buy from Buybitcoin.ph. Whats great about CEX is that you can buy BTC using your Credit Card. So if you dont have cash yet and you want to buy Bitcoins, buy at CEX. The price difference between Coins.ph and Buybitcoin.ph is around 27,000 pesos. Thats a $541 USD difference. Pretty insane right? So before buying Bitcoins at Coins.ph, think again. Youll save a lot when you dont buy from them. Youll be saving more than a months salary for a lot of Filipinos. And I hate to say this, but Coins.ph is ripping us off. I also made a post at CryptoCompare.c Continue reading >>

How To Buy Bitcoin In The Philippines

How To Buy Bitcoin In The Philippines

Home Bitcoin Philippines How to Buy Bitcoin in the Philippines First let me start by saying that Im not an expert at cryptocurrency or Bitcoin BUT I want to learn as much as I can about it. The best way for me to learn is by doing (Im not really the academic type) so Ill be sharing with you guys everything that I learn about Bitcoin, blockchain technology, and cryptocurrency in this new section on Unbox called Bitcoin Philippines. For this inaugural post Ill kick things off by sharing what my Bitcoin strategy is and then Ill share how Im buying Bitcoin in the Philippines. For me Bitcoin is an a Hail Mary type of asset. The risk is high but the returns are also incredibly explosive. That said I want to mitigate the risk as much as possible. My plan is to set aside 5%-10% of monthly savings and use it to buy Bitcoin (and other Alt Coins) regardless of the current price. From there its a waiting game to see when the best time is to cash out. Ive already invested some money in it and the returns have been impressive. What Gadgets Can You Buy with Php2,500 in MINISO? (Giveaway) Apart from doing Bitcoin, I also want to learn about Alt Coins and Initial Coin Offerings (ICOs). Again the best way for me to learn is by doing, so Ill just jump right into it. My plan right now is to study how to buy Etherium and then try to support one ICO (preferably a company in Asia). I will chronicle my experiences here on Unbox as well as videos on the Unbox Facebook Page. I buy Bitcoin using an app called Coins.ph . Think of it as your e-wallet for Bitcoin. I use them because they have the easiest user interface AND they were accredited by the Central Bank of the Philippines . If you want to get into this with me, download the Coins.ph app, sign-up for an account, and use my referral code so Continue reading >>

Coins.ph, A Bitcoin Startup To Reach The Unbanked In The Philippines

Coins.ph, A Bitcoin Startup To Reach The Unbanked In The Philippines

Coins.ph, a Bitcoin startup to reach the unbanked in the Philippines Posted by Martin Pasquier | J, Aug, 2014 | Countries , Innovators , Markets , Startups | 0 | While at tech conference Geeks on a Beach on Cebu Island, Philippines, weve met with Coins.ph founder Ron Hose, as well as a few other players of the local digital currencies scene. Even flying in to Cebu, a geek on the next seat was coding on his own bitcoin project. Light financial regulation + remittances + mobile phones = Bitcoin opportunity in the Philippines Many agreed in the conversations that the Philippines could lead the way in the field of digital currencies, for threemain reasons. First, the absence of regulatory constraint so far on the kind of transactions bitcoins involve, from remittances to micro-payment and loans. The political trend also seems positive with politicians such as Senator Bam Aquino , a former entrepreneur himself aged just 37, sending strong signals to the tech ecosystem, including a startup bill which should pass in the coming months. Second, with one of the largest remittance market in the world, third just after China and India. In 2013 alone, more than $25 billion were sent back home by some 12 millions overseers Filipino workers, living in North America, the Gulf countries, and Asia. On these, Western Union takes an average 10% fee. Bitcoin exchanges, with fees ranging from zero to one percent, could release about $2bn in the economy. Third, because Filipinos are, as most emerging markets, heavy users of mobile phones. Ron Hosespent a few months travelling around the archipelago, and noticed that lots have cellphones, even in the remotest islands [The Philippines have 7 000 large islands], but sending, lending or paying is still a pain with lots of steps and transports in Continue reading >>

3 Major Bitcoin Platforms In Philippines, Efficiency Comparison Test

3 Major Bitcoin Platforms In Philippines, Efficiency Comparison Test

3 Major Bitcoin Platforms in Philippines, Efficiency Comparison Test Cointelegraph has used, tested, and evaluated the top 3 Bitcoin platforms in the Philippines - Coins.ph, BuyBitcoin.ph and Rebit.ph. Here is a detailed review of each of them. The Philippines has one of Asias most sophisticated and complete Bitcoin platforms which enables users to settle any money-related bills, payments, and transfers with Bitcoin. Bitcoin platforms, including Coins.ph, BuyBitcoin.ph and Rebit.ph, are extremely popular in the Philippines because of their simple user interfaces and cost-effective services. Cointelegraph has used, tested, and evaluated each platform and here is a detailed review of the top three Bitcoin platforms in the country. Users rank Coins.ph as one of the best and well-rounded Bitcoin applications globally, due to its connections with local banks, remittance networks, corporations, and merchants which enable users to do pretty much anything with Bitcoin. Coins.ph allows users to settle utility bills, pay tuition fees, credit card payments, purchase mobile credits, and purchase and sell Bitcoin through remittance branches, ATMs and banks. One of its most intriguing services is the 24/7 cardless ATM Instant Payout, which allows users to cash out Bitcoin at the nearest bank ATM at any time of the day without transaction fees. Users can literally visit any bank ATM located in the Philippines and cash out their Bitcoin without any additional processes. A mobile pin number and authentication code sent to your email is all that is needed. Originally, Coins.ph debuted as a Bitcoin-based remittance network. To this day, Coins.ph continuously improves its remittance services to make it easier for families and friends to receive payments. The majority of employees in major Continue reading >>

Bitcoins Accepted Here

Bitcoins Accepted Here

Dragonpay continuously strives to provide convenience to its clients by adding Bitcoins as its latest payment channel offering. Merchants of Dragonpay has the option of offering the said digital money to accept payments. Presently, two merchants of Dragonpay namely PinoyTravel and e-Pass online enabled using Bitcoins in purchasing for their services. Bitcoin is a digital, decentralized currency. It is money stored in computers or mobile wallets and transacted online with very low processing fees. Additionally, payments are recorded in a public ledger. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. BuyBitCoin.ph and Coins.ph are two local companies actively promoting the use of Bitcoins in the Philippines. They have made buying, selling and receiving of Bitcoins available to Filipinos. Through their partnership with Dragonpay, their users can buy or sell Bitcoins in a more convenient way. The process is expected to be hassle-free through Dragonpays supported online banking payment and other over-the-counter cash payments. Bitcoin enables consumers who dont have bank accounts or credit cards to purchase items or services online minus the long lines in the bank or payment centers. Bitcoin allows merchants to save on remittance charges and other processing fees. It also empowers Overseas Filipino Workers (OFWs) to pay for products or services from abroad instead of having to send money home first. The acceptance of the Philippine market in this latest development in the E-Commerce industry is still limited to tech-savvy people. It is quite challenging to introduce a new technology such as Bitcoin in the Philippines because Filipinos are more comfortable paying Continue reading >>

Buying/selling/trading Cryptocurrency In The Philippines

Buying/selling/trading Cryptocurrency In The Philippines

Buying/Selling/Trading Cryptocurrency in the Philippines There is a lot of hype about cryptocurrency here in the Philippines. One of the topics from the last Devcon Summit (2017) was about Blockchain, which is the tech behind Bitcoin and other cryptocurrencies. When I first got into cryptocurrency (around September 2017), I only held Bitcoin. And after the realization that it wasnt practical to be used like money because of the high fees and slow processing, I got curious about other cryptocurrencies. The first that I added in my portfolio was Litecoin. It was called to be the silver to Bitcoin. The transaction fees were lower and the speed was a lot faster. I used ShapeShift to convert my Bitcoin in Coins.ph to my Litecoin address in Coinbase. I didnt know any other means to do it at that time and it took a lot of effort to know how can I trade other cryptocurrencies. This post is divided into two: Buying/Selling and Trading. In these sections, I will give you an insight on the methods that I have already used. The goal of this is to help beginners in buying cryptocurrency in the Philippines and how to cash out. This will help you get started. Im assuming that you already have some background about cryptocurrency and the only problem that remains is that you dont know how and where to buy. Remember to only invest what you are willing to lose. The market of cryptocurrency is very volatile. You can only buy and sell Bitcoin (BTC) and Ethereum (ETH) here in the Philippines. The options that are known to me is through Abra, Coins.ph, and CEX.IO. iOS: Abra is a bitcoin-based digital currency wallet. Abra Website What you have in the Abra app is a PHP Balance, Bitcoin Balance, and an Ethereum Balance. I will style in bold what I have used in the Abra app. You have four opti Continue reading >>

Bsp: Bitcoin Trade In Ph Quadruples As Sheen Lures Young Pinoys

Bsp: Bitcoin Trade In Ph Quadruples As Sheen Lures Young Pinoys

BSP: Bitcoin trade in PH quadruples as sheen lures young Pinoys Philippine Daily Inquirer / 05:32 AM December 14, 2017 Twelve more virtual currency exchanges are applying for registration with the Bangko Sentral ng Pilipinas (BSP) as the volume of transactions for bitcoin in the Philippines almost quadrupled in the past two years. In a press briefing Wednesday, BSP core information technology specialist group head and deputy director Melchor Plabasan said bitcoin transactions during the first six months of 2017 averaged $8.8 million a month, up from $2 million in 2015 and $6 million last year. Plabasan noted that more and more Filipinos were using bitcoins as transferring virtual money cost only 1-3 percent of the value as compared to 8-12 percent when using traditional channels. Bitcoins were also appealing to the countrys relatively younger population, Plabasan said. At present, two virtual currency exchanges operate in the Philippines, namely Rebittance and Betur (or coins.ph). Plabasan said 12 more virtual coin exchanges were applying to do business here. They are locally incorporated but a lot of the virtual currency exchanges are majority owned by foreigners. Basically, they are considered as fintech [financial technology] players, Plabasan said. Majority are utilizing bitcoin as the platform. Eight are [already] completing documentary requirements, [and] most of them have completed the presentation of business model, he added. Plabasan said the BSP was set to meet with the Securities and Exchange Commission (SEC) next week to discuss the possibility of regulating initial coin offerings (ICOs). ICO is a process by which cryptocurrencies like bitcoin are sold in order to raise money for start-ups. Initially what [the SEC said] on ICOs, if certain offerings will fa Continue reading >>

A Complete Guide On How To Buy Bitcoins In The Philippines

A Complete Guide On How To Buy Bitcoins In The Philippines

A Complete Guide on How to Buy Bitcoins in the Philippines This is an exhaustive list of how to buy bitcoins in PH. Buy bitcoin with just a trip to your local convenience store or in front of your computer. Click to share on Google+ (Opens in new window) Now that you know the basics , you will probably ask yourself how to buy bitcoins in the Philippines. Unlike in other countries, bitcoins are not yet that established in the Philippines. Furthermore, there are a few services that will let you buy bitcoin. While they are few, it is important to note that the method of buying bitcoins on these services can be done through convenience stores near you! Where to Buy Bitcoin in the Philippines a Complete Guide: Via Coins.ph, Buybitcoin.ph, GoAbra, or Bitbit.cash: These sites allowyou to buy Bitcoins using your Money. There are many ways to cash in. Most noteworthy of all is that you can transfer money using Cliq kiosks in 7-eleven stores. After the money is in your Coins.ph account, it is simply a matter of converting them to bitcoins via the services apps Comparison of Bitcoin Exchange Sites in the Philippines Depending on where you are, you can buy prepaid Bitcoin cards which you can load on your bitcoin Wallet. Cex.io allows everyone to buy bitcoins using your Credit Card. Consequently, they have a minimum amount that you can buy. Hence, you cant transact here if you only intend to buy a smaller amount of bitcoins. (Update Dec. 28, 2017) Using your litecoin, ether, or other altcoins If by chance you already have altcoins and you wish to convert them back to bitcoin, you can try the Bitpinas Cryptocurrency Exchange Philippines Platform . Trade your ether, litecoin, or any other coins to get bitcoin into your wallet. Check it out here . Buy bitcoin over-the-counter in the P Continue reading >>

Coins.ph Load, Bills, Bitcoin 4+

Coins.ph Load, Bills, Bitcoin 4+

I just download this app and then I really love it. Im happy to share this to my friends to help them earn some money. I just want to ask something because I already made an account at my number before but I couldnt remember the password and then Ill try again to put my number but it wont let me do it... Its say that I already in use I hope u can help me on my problem... Thank you for making an effort to write this, Shymie! Since your concern involves your personal account information, kindly message our support team at [email protected] or via in-app message so they could check and help unlink your phone number. Hope to hear again from you and have a good day! :D I just download this app and then I really love it. Im happy to share this to my friends to help them earn some money. I just want to ask something because I already made an account at my number before but I couldnt remember the password and then Ill try again to put my number but it wont let me do it... Its say that I already in use I hope u can help me on my problem... Thank you for making an effort to write this, Shymie! Since your concern involves your personal account information, kindly message our support team at [email protected] or via in-app message so they could check and help unlink your phone number. Hope to hear again from you and have a good day! :D This is by far the worst bitcoin wallet app I've ever used. They have horrible customer service it says they will be back later today and three days later still no response. The fee to transfer bitcoins to a different is outrageous. I cant even transfer my money out of their account without losing over half of my money. Strongly do not recommend this app. On top of that I sent my money to a different account a week ago and its still not there and they still Continue reading >>

Coins.ph Load, Bills, Bitcoin 4+

Coins.ph Load, Bills, Bitcoin 4+

I wont recommend using this app. I would suggest you guys pay your bills thru Bayad Center or using your online banking instead. I had a bad experience using this. I tried to use this when I paid my Sky Cable bill. Instead of the payment being sent instantly, it took 4 days. Also, when I tried to cash out my money it took 4 days when the estimated date that was showing on the app was after 3 business days. There was also a time when it will be transferred to my Bank account. Good thing I had extra money. Wont ever use this again. Will just use my online banking instead. In that way, it would always be processed instantly. Hello there, very sorry to hear about your experience. This is definitely not something we want our customers to have. We'll bring this up with our team to further improve our services. If you encounter any more issues, feel free to reach out to us at [email protected] and look for me, Pem so I can learn more about what happened and be able to help. I wont recommend using this app. I would suggest you guys pay your bills thru Bayad Center or using your online banking instead. I had a bad experience using this. I tried to use this when I paid my Sky Cable bill. Instead of the payment being sent instantly, it took 4 days. Also, when I tried to cash out my money it took 4 days when the estimated date that was showing on the app was after 3 business days. There was also a time when it will be transferred to my Bank account. Good thing I had extra money. Wont ever use this again. Will just use my online banking instead. In that way, it would always be processed instantly. Hello there, very sorry to hear about your experience. This is definitely not something we want our customers to have. We'll bring this up with our team to further improve our services. If yo Continue reading >>

Where To Buy And Sell Bitcoins In The Philippines

Where To Buy And Sell Bitcoins In The Philippines

Just recently, Bitcoin has made its mark on the internet. In general, the Philippines has a very well established Bitcoin infrastructure and Bitcoins users can do pretty much anything using the digital currency. Many online transactions here are being made by cash deposits in physical locations, and Bitcoin is cash for the internet, so its a good fit, said BuyBitcoin.ph co-founder Lasse Olesen said to Yugatech. It gives you instant access to a global market where you can receive payments practically for free and, if you want, exchange to cash locally. If youre a small merchant, accepting international payments through PayPal or bank wires is just not feasible with their fees. The origins of the cryptocurrency can be traced in the year 2008 when a domain under the name Bitcoin.org was registered online. After two months, a paper titled Bitcoin: A Peer-to-Peer Electronic Cash System was passed around a cryptography mailing list. This move became the first link of the mysterious figure, Satoshi Nakamoto, to Bitcoin. After two years, in 2010, a handful of merchants started accepting Bitcoin as a mode of payment. One of the first products purchased with Bitcoins was a pizza. With the current rate of the cryptocurrency, the amount used for the pizza would bevalued around $100 million. However, in 2011, due to Bitcoins traceless feature, an online marketplace for illegal drugs named the Silk Road used it as a mode of payment. Now, after a decade, its rate has climbed very high. One Bitcoin is now equivalent to PHP 587,158.44 And if you have finally decided to invest in it, here is the information you need in order to buy your Bitcoins here in the PH. You cant start using Bitcoin without having your Bitcoin Wallet. A Bitcoin wallet is an app or website where you can manage you Continue reading >>

More in ethereum