TOP > Cryptocurrency > Daily/Monthly/Annual Transaction/Cash In/Cash Out Limits of Crypto Exchanges/Wallets in the Philippines
October 30, 2019 Updated

These limits are in compliance with the rules set up by the Bangko Sentral ng Pilipinas (BSP) and in compliance with Philippine laws.

October 7, 2019 – Last week, we reported about the Cash In and Cash Out Options of crypto exchanges and wallets in the Philippines. We found out that most of them allow a user to top up their crypto wallets via convenience stores and pawnshops.

However, it doesn’t mean you can top up (put money) to your crypto wallet with whatever amount you like. There are limits. These limits are based on the amount of personal information you shared with the crypto wallet company. More importantly, these limits comply with the rules set up by the Bangko Sentral ng Pilipinas (BSP) and in compliance with Philippine laws. Kindly read the following articles before proceeding with this article:

Note that this article does not include transaction limits for Bitcoin OTCs and Bitcoin ATMs.

Daily/Monthly/Annual Transaction/Cash In/Cash Out Limits of Crypto Exchanges/Wallets in the Philippines

Coins.ph

Cash in limits based on account verification level:

Verification Level Description Daily Cash In Limit (PHP) Monthly Cash In Limit (PHP) Annual Cash In Limit (PHP)
1 Email/phone verified 2,000 50,000 50,000
2 ID and selfie verified 50,000 100,000 400,000
3 Address verified 400,000 400,000 Unlimited
4 Custom verified Custom Up to 5,000,000 Custom

Cash out limits based on account verification level:

Verification Level Description Daily Cash Out Limit (PHP) Monthly Cash Out Limit (PHP) Annual Cash Out Limit (PHP)
1 Email/phone verified 0 0 0
2 ID and selfie verified 50,000 250,000 400,000
3 Address verified 400,000 Unlimited Unlimited
4 Custom verified Custom Up to 5,000,000 Custom

How are Transaction Limits Tracked?

Your daily, monthly and annual transaction limits are tracked on a rolling basis.  This means that your limits refresh according to the date you transact.  

Your transaction limits will refresh on the following schedule:

Daily limit – refreshes 24 hours after making the specific transaction

Monthly limit – refreshes 30 days/720 hours after making the specific transaction

Annual limit – refreshes 365 days/8,760 hours after making the specific transaction

For example, you have 100,000 PHP monthly cash in limit. You cashed in 20,000 PHP last May 1 which would give you 80,000 PHP remaining limit.

Then you cashed in again last May 5 amounting to 15,000 PHP which would give you 65,000 PHP remaining limit.

On June 1, (30 days after your transaction) your monthly cash in limit will be 85,000 PHP because the 20,000 PHP you first cashed in has been refreshed.

Then on June 5, your limit will be back to 100,000 PHP.

Transactions that contribute to your cash in limits are:

  • Cashing in to your Peso wallet
  • Receiving payments to your peso wallet from another Coins.ph account
  • Receiving payments to your peso wallet from an external bitcoin wallet
  • Converting any cryptocurrency to Peso

Coins Pro

Coins Pro Cash In Limits

  • No Cash In Limits

Coins Pro Cash Out Limits

Level 1 0 0
Level 2 250,000 250,000
Level 3 500,000 15,000,000
Custom Over 500,000 Over 15,000,000
Business Varies by client Varies by client

When you cash out from Coins Pro to your Coins.ph wallet, this is also counted against your daily and monthly cash in limits in Coins.ph.

If you try to make a Cash Out that exceeds your Coins.ph cash in limits, this won’t be processed. Make sure that your cash out is within your remaining Coins.ph daily and monthly limits.

Rebit.ph

Rebit Transaction Limits

Level Requirements Daily Limit Monthly Limit
1 Name and Email Php 0 Php 0
2 Mobile Number and Valid ID Php 75,000 Php 500,000
3 Birthdate and Proof of Address Php 400,000 Php 2,000,000
4 Business Permit Php 2,500,000 Php 60,000,000

BuyBitcoin.ph

BuyBitcoin.ph Transaction Limits

Level Requirements Daily Cash In Limit Daily Cash Out Limit
1 Email Address and Mobile Number Php 0 Php 0
2 Personal Information and Identity Verification BTC 0.23959556* BTC 0.25156600*
3 Address Verification and Source of Information BTC 1.19797781* BTC 1.25782999*

*BTC Limits are updated daily.

Coinvil

Coinvil Cash In Limit

Level Requirements Daily Cash In Limit Monthly Cash In Limit Annual Cash in Limit
1 Email Address or Mobile Verification Php 0 Php 0 Php 0
2 Email or Mobile + ID Verification Php 50,000 Php 100,000 Php 400,000
OTP Verification Functionalities such as login, password recovery and withdrawal for cash & coin may require OTP verification.
3 Address Verification Php 400,000 Php 400,000 No Limit
Business Business Verification Enterprise Enterprise Enterprise

Coinvil Cash Out Limits

Level Requirements Daily Cash Out Limit Monthly Cash Out Limit Annual Cash Out Limit
1 Email Address or Mobile Verification Php 0 Php 0 Php 0
2 Email or Mobile + ID Verification Php 50,000 Php 250,000 Php 400,000
OTP Verification Functionalities such as login, password recovery and withdrawal for cash & coin may require OTP verification.
3 Address Verification Php 400,000 No Limit No Limit
Business Business Verification Enterprise Enterprise Enterprise

PDAX

PDAX Transaction Limits

Tier Requirements Daily Cash In Limit Monthly Cash In Limit Annual Cash in Limit
1 Name, Email Address, and Mobile Number Php 1,000 Php 3,000 Php 5,000
2 Personal, Residence, and Employment Information Php 50,000 Php 150,000 Php 500,000
3 Proof of Residence and Proof of Income Php 100,000 Php 400,000 Php 3,000,000
4 Face to Face Verification No Explicit Limit No Explicit Limit No Explicit Limit

VHCEX

VHCEX Withdrawal Limit*

Tier 0 Tier 1 Tier 2
USD 0 USD 50,000 USD 100,000

*Withdrawal limited total are cumulative of both fiat and cryptocurrency.

GOW Exchange

GowExchange Withdraw and Global Remittance Limits

KYC Status: Audit Limit 24-Hour Quota Remittance Buy Remittance Sell
Not Verified 0.5 BTC 2 BTC 0 0
Verified 0.5 BTC 50 BTC USD 50 – 10,000

PHP 2,500 – 500,000

TUSD 50 – 10,000

ABRA

Abra Global Transaction Limits

 Transaction limits globally
US bank wires $500-$40,000k per wire, daily*.
Bank deposits and withdrawals* $2,000-$4,000 daily
$4,000-$8,000 weekly
$8,000-$16,000 monthly
(rolling cycle)
Credit card deposits (AMEX) $200 daily & 1,000 monthly
(rolling cycle)
Teller deposits & withdrawals Tellers may have their own limits-please check
Buy/Sell non BTC/LTC cryptocurrency (e.g. XRP) 5 btc, daily**
 Bitcoin deposits & withdrawals No limit
Litecoin deposits & withdrawals No limit
Bitcoin Cash deposits & withdrawals No limit
Ether deposits & withdrawals No limit
User send transactions No limit

Bloom-Powered OTCs

Bloom Trading Desk (in Resorts World)

  • Minimum amount cash-in – Php 200,000
  • Maximum amount cash-in – None
  • Minimum cash-out – Php 200,000
  • Maximum cash-out – no max
  • Coins accepted – Major cryptos, USD, AUD, EURO
  • Fees: 1.5%

Bloom OTCs like Czarina, PSULIT

  • no minimum requirements
  • at Php 500,000 they will ask for additional documents.

Juan Exchange

Juan Exchange Transaction Limits

*To be Updated

ABA Global

ABA Global Transaction Limits

*To be Updated

Bitan MT

Bitan MT Transaction Limits

*To be Updated

This article is first published on BitPinas: Daily/Monthly/Annual Transaction/Cash In/Cash Out Limits of Crypto Exchanges/Wallets in the Philippines

Read More:

Contact and Subscribe to BitPinas:

  • Subscribe to our newsletter!
  • For news tips, partnership discussions, or press release submissions, please send to support@bitpinas.com

Leave a Reply

%d bloggers like this: