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

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:

• What is KYC
• What is AML

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 / Monthly Cash In Limit	Annual Cash In Limit (PHP)
Lv. 1 – Email/phone verified	2,000 / 50,000	50,000
Lv. 2 – ID and selfie verified	50,000 / 100,000	400,000
Lv. 3 – Address verified	400,000 / 400,000	Unlimited
Lv. 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 / Monthly Cash Out Limit	Annual Cash Out Limit (PHP)
Lv. 1 – Email/phone verified	0 / 0	0
Lv.2  – ID and selfie verified	50,000 / 250,000	400,000
Lv.3 – Address verified	400,000 / Unlimited	Unlimited
Lv.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
Lv. 1 – Name and Email	Php 0	Php 0
Lv. 2 – Mobile Number and Valid ID	Php 75,000	Php 500,000
Lv. 3 – Birthdate and Proof of Address	Php 400,000	Php 2,000,000
Lv.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
Lv. 1 – Email Address and Mobile Number	Php 0	Php 0
Lv. 2 – Personal Information and Identity Verification	BTC 0.23959556*	BTC 0.25156600*
Lv.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 /  Monthly Cash In Limit	Annual Cash in Limit
Lv. 1 – Email Address or Mobile Verification	Php 0 / Php 0	Php 0
Lv.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.
Lv. 3 – Address Verification	Php 400,000 / Php 4,00,000	No Limit
Business Level – Business Verification	Enterprise / Enterprise	Enterprise

Coinvil Cash Out Limits

Level / Requirements	Daily Cash Out / Monthly Cash Out Limit	Annual Cash Out Limit
Lv. 1 – Email Address or Mobile Verification	Php 0 / Php 0	Php 0
Lv. 2 – Email or Mobile + ID Verification	Php 50,000 / Php 250,000	Php 400,000
OTP – Functionalities such as login, password recovery and withdrawal for cash & coin may require OTP verification.
Lv. 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 / Monthly Cash In Limit	Annual Cash in Limit
Tier 1 – Name, Email Address, and Mobile Number	Php 1,000 / Php 3,000	Php 5,000
Tier 2 – Personal, Residence, and Employment Information	Php 50,000 / Php 150,000	Php 500,000
Tier 3 – Proof of Residence and Proof of Income	Php 100,000 / Php 400,000	Php 3,000,000
Tier 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 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 & 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

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