Cash In and Cash Out Fees of Crypto Exchanges & Wallets in the Philippines
October 4, 2019 – Contrary to some posts on the Internet, you don’t actually buy Bitcoins at 7-Eleven in the Philippines. What you actually do is add money/Php/Pesos to a crypto wallet, and from that crypto wallet, you proceed to buy Bitcoin. Below are the deposit and withdrawal fees for every major crypto wallet/exchange in the Philippines.
Coins.ph
Coins.ph has a very detailed Cash In and Cash Out FAQ, with specific (and exact) rates for each option. Always check the app or the Coins.ph website because they regularly update their cash in and cash out options. The same is true with other exchanges and wallets mentioned in this article.
Coins Cash In Fees
Fees on Coins.ph varies between fee and paid and will depend on the amount you intend to cash in. Usually, it’s 2% of the intended deposit. This number differs depending on the top up partner used.
Depending on the payment method, the minimum and maximum deposit also vary. For example, if you deposit through Bayad Center, you can do so up to Php 50,000. If you used 7-Elevent, it’s only up to Php 20,000. Take note of these things before going to the place where you will do the deposit.
| Cash In | |
| Payment Method | Fees |
| 7-Eleven 7-Connect | P100 – free P101 – P20,000: 2% of the deposit |
| 7-Eleven CLiQQ Kiosk | P100 – P20,000: 2% of the deposit |
| Bayad Center | P50 – P100: free P101 – P50,000: 2% of the deposit |
| BPI (via Dragonpay) | P15 – P1000: P10 fee P1,001 – P4,000: fee of 1% of deposit Above P4,000: P40 fee |
| Cebuana | P100 and above: 2% of the deposit |
| Chinabank (via Dragonpay) | P15 – P1000: P10 fee P1,001 – P4,000: fee of 1% of deposit Above P4,000: P40 fee |
| eTap | 3% of the deposit |
| Globe GCash | P15 – P1000: P 10 fee P1,001 – P2,500: fee of 1% of deposit |
| M Lhuillier ePay | P15 – P1000: 5% M Lhuillier fee + P10 Coins.ph fee P1,001 – P4,000: P50 M Lhuillier fee + 1% Coins.ph fee Above P4,000: P50 M Lhuillier fee + P40 Coins.ph fee |
| Palawan Express Pera Padala | P1 – P500: P20 fee P501 – P5,000: P30 fee P5,001 – P50,000: P40 fee |
| Perahub | 2% of the deposit |
| Robinsons Business Center | P15 – P1000: P10 fee P1,001 – P4,000: fee of 1% of deposit Above P4,000: P40 fee |
| SM Bills Payment Center | P50 – P1000: P10 fee P1,001 – P4,000: fee of 1% of deposit Above P4,000: P40 fee |
| TouchPay | P100 – P20,000: 2% of the deposit |
| UnionBank of the Philippines | FREE – 100% FEE REBATE P15 – P1000: P10 fee P1,001 – P4,000: fee of 1% of deposit Above P4,000: P40 fee |
| Western Union | P2,000 and below: Free for domestic cash ins in the Philippines |
Coins.ph Cash Out Fees
| Cash Out | |
| Method | Payout Fee |
| Bank | Free for branch of accounts within Metro Manila |
| BDO Cash Card | PHP 15.00 for PHP 100 up to PHP 25,000 |
| Globe GCash | 2% of the cash out amount |
| LBC Instant Peso Padala | Minimum of PHP 60.00 (rates are calculated based on the cash out amount) |
| LBC Pesopak (door-to-door delivery) | Minimum of PHP 35.00 (rates are calculated based on the cash out amount) |
| M Lhuillier Kwarta Padala | 1% of the cash out amount |
| Palawan Express Pera Padala | Minimum of PHP 3.00 (rates are calculated based on the cash out amount) |
| RCBC MyWallet | PHP 20.00 |
| Security Bank eGiveCash | Free |
Abra
Abra Cash In Fees
| Add funds via a US or PH bank (ACH) | Free |
| Add funds via Wires (US only) | Abra Wire Program |
| Add funds via an EU bank (SEPA) | Coinify |
| Add funds via US-based AMEX card | 4% |
| Add funds via Visa or MasterCard | Simplex* |
| Add funds via teller (Philippines) | Up to 2%*** |
| Add funds via BTC, LTC, BCH, or ETH | Free |
| Add funds via 7-Eleven Philippines | 2% (minimum of Php 500) |
*A flat fee of $10.00 will be applied on top any BTC purchase below $200. Once you purchase $201 and above of BTC a fee of 4% will be applied and deducted from your total amount.
Abra Cash Out Fees
| Withdraw via US or PH bank | Free* |
| Withdraw via teller (Philippines) | Up to 2%*** |
| Withdraw BTC, LTC, BCH, or ETH | Network fee** |
| Withdraw Altcoins | Network fee** |
Other
| Exchange between currencies | |
| An exchange between any 2 currencies | Free |
| Send funds | |
| Send funds to another Abra wallet | Free** |
JuanExchange
Cash in and Cash Out
| Deposit Fees: | No Fees |
| Trading Fees: | 0.2% for every buy or sell transactions |
| Withdrawal Fees: | 0.05% for every withdrawal transaction |
Coinvil
Deposit and Withdrawal
| Deposit Fees: | No Fees |
| Withdrawal Fees: | Varies per Coin* |
| *To be updated |
PDAX
PDAX Cash-In
| PDAX Cash-In | |
7-Eleven (Cliqq) | Minimum: Php 200 |
| Convenience Fee: 2% | |
Cebuana Lhuillier | Minimum: Php 200 |
| Convenience Fee: Starting at Php 25 | |
| ECPay | Minimum: Php 500 |
| Convenience Fee: 2% | |
ExpressPay | Minimum: Php 200 |
| Convenience Fee: 2% | |
FilRemit | Minimum: Php 200 |
| Convenience Fee: 2% | |
Gaisano | Minimum: Php 200 |
| Convenience Fee: 2% | |
H Lhuillier | Minimum: Php 200 |
| Convenience Fee: 2% | |
NCCC Mall | Minimum: Php 200 |
| Convenience Fee: 2% | |
RD Pawnshop | Minimum: Php 200 |
| Convenience Fee: 2% | |
Shopwise / Wellcome | Minimum: Php 200 |
| Convenience Fee: 2% | |
SM Bills Payment | Minimum: Php 200 |
| Convenience Fee: Php 25 | |
Tiwala Sa Padala | Minimum: Php 200 |
| Convenience Fee: 2% | |
TrueMoney | Minimum: Php 200 |
| Convenience Fee: 2% | |
PDAX Cash Out
| Cash Out Option | Fee |
| PayMaya | 3% + Php 15* |
| UnionBank Fund Transfer | Php 0* |
| Interbank Tansfer (PESONet) | Php 25 Note: Transaction Limit: None but depends on the bank Availability: Banking Days Waiting Time: Same-Day |
| Instant Bank Transfer (Instapay) | Php 25 Note: Transaction Limit: Php 50,000 Availability: 24/7 Waiting Time: Almost Real-Time |
| SM Bill Payment | Php 145** |
| Cebuana Lhuillier | From Php 25** |
| M Lhuillier | Php 145** |
Waiting Times:
*real-time
** within 1 day
Rebit.ph
Rebit.ph Cash Out
| Cebuana Lhuillier | Starts at Php 50 |
| M Lhuillier | Starts at Php 50 |
| Palawan Express | Starts at Php 40 |
| Allied Bank | Php 100 |
| Allied Savings Bank | Php 100 |
| BDO | Free in Metro Manila |
| BPI | Php 50 |
| BPI Savings Bank | Php 50 |
| Bank of America | Free |
| Bank of Commerce | Php 100 |
| Chinabank Savings | Php 100 |
| Chinabank | Php 100 |
| Chinatrust | Free in Metro Manila |
| Citibank Savings | Free |
| Citibank | Free |
| Citystate Savings | Php 100 |
| Eastwest Bank | Php 100 |
| Eastwest Rural Bank | Starts at Php 25 |
| Equicom Savings | Php 100 |
| HSBC Savings | Php 100 |
| HSBC | Php 100 |
| Landbank | Php 100 |
| Malayan Bank | Free |
| Maybank | Php 100 |
| Metrobank | Php 150 |
| PBCOM | Php 100 |
| PNB | Free |
| PNB Savings Bank | Php 100 |
| PSBank | Free |
| Pacific Ace Savings | Free |
| Philtrust | Php 100 |
| Postal Bank | Php 100 |
| RCBC | Php 100 |
| RCBC Savings | Php 100 |
| Robinsons Bank | Free |
| Security Bank Savings | Free |
| Security Bank | Php 100 |
| Standard Chartered | Free |
| Sterling Bank | Php 100 |
| UCPB Savings | Free |
| UCPB | Php 100 |
| UnionBank | Free |
| Yuanta Savings Bank | Php 100 |
Buybitcoin.ph
Buybitcoin.ph Cash In
| BPI Bills Payment | PHP 50 |
| Globe GCash | PHP 10 |
| PNB Cash Payment | PHP 25 |
| Sterling Bank | ? |
| Security Bank Cash Payment | PHP 50 |
| Unionbank Cash Payment | Free of charge |
| Cebuana Lhuillier | Based on Cebuana’s own pickup fees |
Bloom OTCs
For Bloom-powered OTCs like Czarina, DA5, and PSULIT, the transaction fee is 1.5%.
Overall
As seen from the tables above, there is very little difference with the cash in and cash out fees of the different exchanges. This means it will depend upon the person’s preference which service will they choose. Some exchanges have more convenient cash-in options, some have more banking options, some have value-added services or perhaps another one has more liquidity. Better check each of the exchanges/wallets to find out which you should use.
This article is first published on BitPinas: Cash In and Cash Out Fees of Crypto Exchanges/Wallets in the Philippines
