TOP > Cryptocurrency > [Summary] Cash In and Cash Out Fees of Crypto Exchanges/Wallets in the Philippines
October 4, 2019 Published

Listed in this article are the deposit and withdrawal fees for every major crypto wallet/exchange 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. (Note that it does not cover Bitcoin OTC and ATM Locations):

Cash In and Cash Out Fees of Crypto Exchanges/Wallets 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:

Coins Cash In Fees

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

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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