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

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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/ DescriptionDaily Cash In Limit / Monthly Cash In LimitAnnual Cash In Limit (PHP)
Lv. 1 – Email/phone verified2,000 / 50,00050,000
Lv. 2 – ID and selfie verified50,000 / 100,000400,000
Lv. 3 – Address verified400,000 / 400,000Unlimited
Lv. 4 – Custom verifiedCustom / Up to 5,000,000Custom

Cash out limits based on account verification level:

Verification Level / DescriptionDaily Cash Out Limit / Monthly Cash Out LimitAnnual Cash Out Limit (PHP)
Lv. 1 – Email/phone verified0 / 00
Lv.2  РID and selfie verified50,000 / 250,000400,000
Lv.3 – Address verified400,000 / UnlimitedUnlimited
Lv.4 – Custom verifiedCustom / Up to 5,000,000Custom

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 100
Level 2250,000250,000
Level 3500,00015,000,000
CustomOver 500,000Over 15,000,000
BusinessVaries by clientVaries 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 / RequirementsDaily LimitMonthly Limit
Lv. 1 – Name and EmailPhp 0Php 0
Lv. 2 – Mobile Number and Valid IDPhp 75,000Php 500,000
Lv. 3 – Birthdate and Proof of AddressPhp 400,000Php 2,000,000
Lv.4 – Business PermitPhp 2,500,000Php 60,000,000

BuyBitcoin.ph

BuyBitcoin.ph Transaction Limits

Level / RequirementsDaily Cash In LimitDaily Cash Out Limit
Lv. 1 – Email Address and Mobile NumberPhp 0Php 0
Lv. 2 – Personal Information and Identity VerificationBTC 0.23959556*BTC 0.25156600*
Lv.3 – Address Verification and Source of InformationBTC 1.19797781*BTC 1.25782999*

*BTC Limits are updated daily.

Coinvil

Coinvil Cash In Limit

Level / RequirementsDaily Cash In /  Monthly Cash In LimitAnnual Cash in Limit
Lv. 1 – Email Address or Mobile VerificationPhp 0 / Php 0Php 0
Lv.2 – Email or Mobile + ID VerificationPhp 50,000 / Php 100,000Php 400,000
OTP Verification – Functionalities such as login, password recovery and withdrawal for cash & coin may require OTP verification.
Lv. 3 – Address VerificationPhp 400,000 / Php 4,00,000No Limit
Business Level – Business VerificationEnterprise / EnterpriseEnterprise

Coinvil Cash Out Limits

Level / RequirementsDaily Cash Out / Monthly Cash Out LimitAnnual Cash Out Limit
Lv. 1 – Email Address or Mobile VerificationPhp 0 / Php 0Php 0
Lv. 2 – Email or Mobile + ID VerificationPhp 50,000 / Php 250,000Php 400,000
OTP – Functionalities such as login, password recovery and withdrawal for cash & coin may require OTP verification.
Lv. 3 – Address VerificationPhp 400,000 / No LimitNo Limit
Business – Business VerificationEnterprise / EnterpriseEnterprise

PDAX

PDAX Transaction Limits

Tier / RequirementsDaily Cash In / Monthly Cash In LimitAnnual Cash in Limit
Tier 1 – Name, Email Address, and Mobile NumberPhp 1,000 / Php 3,000Php 5,000
Tier 2 – Personal, Residence, and Employment InformationPhp 50,000 / Php 150,000Php 500,000
Tier 3 – Proof of Residence and Proof of IncomePhp 100,000 / Php 400,000Php 3,000,000
Tier 4 – Face to Face VerificationNo Explicit Limit / No Explicit LimitNo Explicit Limit

VHCEX

VHCEX Withdrawal Limit*

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

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

GOW Exchange

GowExchange Withdraw and Global Remittance Limits

KYC Status / Audit Limit24-Hour QuotaRemittance Buy / Remittance Sell
Not Verified – 0.5 BTC2 BTC0 / 0
Verified – 0.5 BTC50 BTCUSD 50 – 10,000 or 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 & withdrawalsTellers may have their own limits-please check
Buy/Sell non BTC/LTC cryptocurrency (e.g. XRP)5 btc, daily**
 Bitcoin deposits & withdrawalsNo limit
Litecoin deposits & withdrawalsNo limit
Bitcoin Cash deposits & withdrawalsNo limit
Ether deposits & withdrawalsNo limit
User send transactionsNo limit

Bloom-Powered OTCs

Via FB

BloomX allows trade via FB chat with no minimums or maximums as long as the customer fills out their registration form. Check out: https://fb.com/bloomxorg

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, DA5

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

MoneyBees.ph

  • Level 1: Up to Php200,000
  • Level 2: Up to Php1,000,000
  • Level 3: Up to Php5,000,000

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

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[…] In the Philippines, take a look at our compilation of daily, monthly, annual transaction and cash-in, cash-out limits of licensed virtual currency exchang….  […]

[…] In the Philippines, take a look at our compilation of daily, monthly, annual transaction and cash-in, cash-out limits of licensed virtual currency exchang….  […]

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