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:
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
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