Cash In and Cash Out Fees of Crypto Exchanges & Wallets in the Philippines

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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 MethodFees
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
eTap3% 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 PadalaP1 – P500: P20 fee
P501 – P5,000: P30 fee
P5,001 – P50,000: P40 fee
Perahub2% 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 
MethodPayout 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 GCash2% 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 Padala1% of the cash out amount
Palawan Express Pera Padala
Minimum of PHP 3.00 (rates are calculated based on the cash out amount)
RCBC MyWalletPHP 20.00
Security Bank eGiveCashFree

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 card4%
Add funds via Visa or MasterCardSimplex*
Add funds via teller (Philippines)Up to 2%***
Add funds via BTC, LTC, BCH, or ETHFree
Add funds via 7-Eleven Philippines2% (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 bankFree*
Withdraw via teller (Philippines)Up to 2%***
Withdraw BTC, LTC, BCH, or ETHNetwork fee**
Withdraw AltcoinsNetwork fee**

Other

Exchange between currencies
An exchange between any 2 currenciesFree
Send funds
Send funds to another Abra walletFree**

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
ECPayMinimum: 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 OptionFee
PayMaya3% + Php 15*
UnionBank Fund TransferPhp 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 PaymentPhp 145**
Cebuana LhuillierFrom Php 25**
M LhuillierPhp 145**

Waiting Times:
*real-time
** within 1 day

Rebit.ph

Rebit.ph Cash Out

Cebuana LhuillierStarts at Php 50
M LhuillierStarts at Php 50
Palawan ExpressStarts at Php 40
Allied BankPhp 100
Allied Savings BankPhp 100
BDOFree in Metro Manila
BPIPhp 50
BPI Savings BankPhp 50
Bank of AmericaFree
Bank of CommercePhp 100
Chinabank SavingsPhp 100
ChinabankPhp 100
ChinatrustFree in Metro Manila
Citibank SavingsFree
CitibankFree
Citystate SavingsPhp 100
Eastwest BankPhp 100
Eastwest Rural BankStarts at Php 25
Equicom SavingsPhp 100
HSBC SavingsPhp 100
HSBCPhp 100
LandbankPhp 100
Malayan BankFree
MaybankPhp 100
MetrobankPhp 150
PBCOMPhp 100
PNBFree
PNB Savings BankPhp 100
PSBankFree
Pacific Ace SavingsFree
PhiltrustPhp 100
Postal BankPhp 100
RCBCPhp 100
RCBC SavingsPhp 100
Robinsons BankFree
Security Bank SavingsFree
Security BankPhp 100
Standard CharteredFree
Sterling BankPhp 100
UCPB SavingsFree
UCPBPhp 100
UnionBankFree
Yuanta Savings BankPhp 100

Buybitcoin.ph

Buybitcoin.ph Cash In

BPI Bills PaymentPHP 50
Globe GCashPHP 10
PNB Cash PaymentPHP 25
Sterling Bank?
Security Bank Cash PaymentPHP 50
Unionbank Cash PaymentFree 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

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