Coins.ph added bitcoin cash (BCH) in its line up along with PHP, BTC, and ETH. According to the company, it’s one of their efforts to support low-cost blockchain-based payments.
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Bitcoin Cash (or BCC or BCH depending on the exchange) was launched on August 1, 2017 after a *Hard Fork from bitcoin. BTC holders received a 1:1 bitcoin to bitcoin cash ratio during the fork. That means anybody who owns a certain amount of bitcoin before the hard fork will receive the same amount of bitcoin cash after the hard fork.
*Hard Fork – a split from its predecessor, bitcoin or other cryptocurrencies like ethereum classic to ethereum.
How to Buy Bitcoin Cash using Coins.ph
Buying BCH using Coins.ph is similar to buying BTC. Here are the steps:
1. Download coins.ph app on iOS or Android device or you can simply go to https://coins.ph/
2. Go to the nearest 7-eleven store.
3. Use the CLiQQ Kiosk and specify the PHP amount to put in your Coins.ph wallet.
4. Pay the amount to the cashier and wait a couple of seconds to minutes for a successful top up.
5. Check your Coins.ph wallet PHP balance.
6. Once your PHP is there, make sure to go to the BCH option to activate your BCH wallet.
7. After activating your BCH wallet, go back to your PHP wallet and tap on Convert.
8. After tapping on Convert, don’t forget to choose BCH by tapping on the BTC dropdown button.
9. Don’t forget to “Slide to Convert”.
10. Congratulations, you have successfully exchanged your PHP fiat to BCH!
How to Sell BCH using Coins.ph
If you’re going to sell your BCH currently in Coins.ph, you just need to go to your BCH wallet, tap on Convert and choose BCH to PHP.
On the other hand, if you’re going to transfer BCH from an exchange to your Coins.ph wallet, you will need to get your BCH address. You can get your address by going to your BCH wallet, tap on Receive and get your BCH address. After transferring your BCH from an exchange and receiving it in your wallet, you can go ahead and convert it to PHP using the same method above.
PHP Wallet to Cash Out
If you want to cash out your money from your PHP wallet, you just need to tap on the Cash Out button. You have a number of choices from cashing out via Cebuana Lhuillier, Bank transfer, cash pick-up, etc.
Official Coins.ph website: https://coins.ph/
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