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Month: January 2016
Finding BITCOIN in Philippines
DISCLAIMER: If you don’t know anything about BITCOIN and how it can change the world, you might want to send us a Private Message first. We do BITCOIN Evangelization FREE of Charge! And if you are lucky we might be in your country/city and we can meet up! Otherwise, feel free to use the information here on how to acquire and liquidate your BTC ( Bitcoin ) in Philippines.
Let the journey begin!
If you are looking for BTC in Philippines, the very first site you will visit will surely be GOOGLE. Let me give some brief details about each option as per convenience.
ONLINE BTC BUYING
Sites that are registered in Philippine Government with BTC Selling included in their registered services are as follows:
1. Buy Bitcoin – https://buybitcoin.ph/
BuyBitcoin site is run by Satoshi Citadel Industries with a physical office at Unit 606 GC Corporate Plaza150 Legazpi Street, Legazpi Village,Makati City, Metro ManilaPhilippines 1229, you can reach them at+6328433841. Run by young professionals in the Bitcoin World, this site is one reliable company to buy and sell your BTCs. The spread is around 3-7% from the XE Conversion of BTC to PHP, at any given day, reliability still counts when you want to have BTC ASAP, greater in cashing out the same.
To make transactions with this company either in cash or thru Online Payment Options, you will need to have an account with them. Registration is a breeze and here are the Deposit and Withdrawal Options:
Deposit Options / Buying BTC / PhP to BTC
- BPI Cash Deposit (Same day)
- BDO Cash Deposit (Same day)
- Palawan Express
- M Lhuillier
- Cebuana Lhuillier
- Online payment (DragonPay)
Withdrawal Options / Selling BTC / BTC to PhP
- BDO
- BPI
- China Bank
- East West Bank
- Metrobank
- PNB
- RCBC
- Security Bank
- Union Bank
For someone who do their business online, and I have tried it myself, this site is surely of help. (Separate Blog/Review will discuss further about this Online Site)
2. BTC Exchange Pilipinas – https://www.btcexchange.ph/
Run by Bonetto Ventures Inc., situated at McKinley Park Residences #203, 31st Street cor. 3rd Avenue, Bonifacio Global City, Taguig with Securities and Exchange Commission Company Reg. No: CS 201318852, all necessary details to make you calm have been provided. Though we haven’t tried transacting with this site, security is quite impressive. With a spread of 2-5%, price is more affordable on this site, deposit and withdrawal options though are a bit few at this time.
Deposit Options / Buying BTC / PhP to BTC
- Security Bank
Withdrawal Options / Selling BTC / BTC to PhP
- Security Bank
The limitation of Deposit and Withdrawal Options or Buying and Selling BTC using your PhP might make us reconsider choosing this website. Though if you have Security Bank online, you wouldn’t have any concerns at all. (Separate Blog/Review will discuss further about this Online Site)
3. Coinage PH – https://coinage.ph
Coinage is a branch out company from US of A in Philippines. Situated in Room 1 Second Floor, L&K Building, Don Jose Avila Street, Capitol Site, Cebu City, Philippines 6000. You may contact them at +63 32 412 2602.
With spread as low as 1%, this trading site has made a name in the BTC Scene. We have not tried doing any kind of transactions with this site, but the limitation with the Deposit and withdrawal method is again a not-so-Good deal.
Deposit Options / Buying BTC / PhP to BTC
- Bank of the Philippine Islands
Withdrawal Options / Selling BTC / BTC to PhP
This site has provided a good community for traders who wants to make funds out of the volatility of the BTC. (Separate Blog/Review will discuss further about this Online Site)
4. Coins – https://coins.ph/
Probably the most popular BTC Exchanger in the Philippines. Reliability and some shady stories have been circling around the net, I should say that most of the Filipinos are using this site for buying and selling BTCs. Located at 12F Centerpoint Building, Julia Vargas cor Garnet St., Ortigas Center, Pasig City, Philippines, 1634, you can reach them via phone +63905 511 1619.
Coins may have the most number of options when it comes to Deposit and Withdrawal. Adding to the fact that spread is between 1-5%, this site has made a good deal as always to its buyers. Options are as follows:
Deposit Options / Buying BTC / PhP to BTC
Withdrawal Options / Selling BTC / BTC to PhP
5. Local Bitcoins – https://localbitcoins.com/country/PH
Local Bitcoins has made a name as a site for auctions of BTC. Though this site is not owned by a company, it has gathered different views since it is in itself a community. Founded by Mr. Jeremias Kangas and can be located at Vanha Talvitie 11 C, 5th Floor 00580 Helsinki, Finland.
This is the site where you can meet fellow Bitcoin Enthusiasts who are willing to meet up personally or do everything online to see or buy BTCs.
Deposit Options / Withdrawal Options / Buying BTC / Selling BTC / PhP to BTC / BTC to PhP
- Moneygram
- Cash Deposit
- Western Union
- Web Money
- National Bank Transfer
- Transfers with Specific Bank
- Other Online Payment
- Withdrawal Options / Selling BTC / BTC to PhP
- Cash by Mail
- Cash in Person
Though there have been stories of success and failures on this site, it is still one of the go-to site for BTC Enthusiasts if they heed a call to exchange BTCs in a country. (Separate Blog/Review will discuss further about this Online Site)
OFFLINE BTC BUYING AND SELLING
1. Bitcoin ATM
BTC ATM in Philippines has been all over the major cities. These machines come in handy if you have a late night need of BTC. However, one suggestion from one BTC Enthusiasts is that if you are buying in bulk, lets say 50,000 PhP and above, it will be a lot more convenient if you buy direct to the company. You go straight to their office and have the transaction done real time, that way you are secured and assured of the delivery of your BTCs or Cash. For so much better price, you can send us a message and we can provide you options as well.
One particular ATM which is available 24/7 is located at Sunette Tower Hotel Manila Lobby, Durban St, Makati Ave, Makati, Metro Manila, Philippines. Owned by Bitcoin Philippines, with a team headed by Mr. Enrique Malvar. This ATM can give you a printed E-Wallet, can let you buy BTCs at a 5-15% Spread and can let you take out cash converting your BTC to PhP.
(Separate Blog/Review will discuss further about this Bitcoin ATM)
SO there you have it. These are the different ways for you to buy and sell BITCOINS in Philippines. So as what I have mentioned earlier, transactions over 50 000 PhP can be done with a higher level of security and assurance if done face to face or via trusted agent. We do help with this kind of concern, we can give you options on where, when and how to do it. Last resort, go to the office of the company and transact right then and there.
We hope you learn something new from this article!
As Always,
Bob and PV
P.S. We are not snobbish people, do drop us a line!
Updated as of January 29, 2016 8:42PM GMT+8
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Bob and PV 