TOP > Exchanges > How to Use Coins.ph’ CX Platform to Buy, Sell, or Trade Cryptocurrency
November 20, 2018 Updated

Find out how to trade cryptocurrency, such as bitcoin, bitcoin cash, and ethereum in the Philippines using CX, Coins.ph’ own crypto exchange platform.



Buying bitcoin, ethereum, and bitcoin cash can be done simply through apps like Coins.ph and Bitbit. Both apps are operated by companies with a license to operate as a virtual currency exchange in the Philippines.

Both sites also offer direct conversion from fiat money (peso) to cryptocurrency. But what if you have a specific price in mind to buy bitcoin? Maybe you don’t want to buy at the current price at Coins.ph or Bitbit. This is where cryptocurrency exchanges come in.

Exchanges like Bittrex, Binance, and Poloniex offer users to trade their bitcoin to other coins and vice versa. In some countries, their exchanges offer to trade cryptocurrency to fiat.

Available Trading Pairs at CX

For this article, we look at CX.Asia (or Coins Exchange Asia, CX), Coins.ph own crypto exchange where users can trade for cryptocurrency using fiat (pesos). Currently, it offers the following trading pairs:

  • BTC to PHP
  • BCH to PHP
  • ETH to PHP
  • BTC to ETH
  • XRP to PHP (soon)
  • LTC to PHP (soon)

How to Trade Cryptocurrency in the Philippines using CX

CX allows trading fiat (PHP) to bitcoin, bitcoin cash, and ethereum at prices set by the users. This is convenient for those who want to buy or sell crypto at a specific price. Below are the steps to trade in CX.

  1. Deposit money to CX.
  2. Buy or Trade crypto using Market Order, Limit Order, or Stop Order.
  3. Place Order.
  4. The trade will execute once the platform finds a match.

If everything above sounds confusing, we have this guide to help you out.

How to Deposit Funds to CX

To cash in or deposit funds to CX, you need to have a Coins.ph account.

  1. Go to or sign up for an account at Coins.ph.
  2. Deposit cash (top up) to your Coins.ph account.
  3. Click “Pay Bills”.
  4. Select “Coins Exchange (PHP)”.
  5. Enter the amount then click “Next”.
  6. Confirm.

The money should now be in your CX account at https://exchange.coins.asia/. Once you confirm that it is there, it is time to get introduced to the CX dashboard. In this article though, we first continue with the steps to buy crypto using the money you deposited before we move on to the CX dashboard.

There are also other options to fund your CX account at the end of this article.

How to Trade in CX

Here are the steps if you want to trade your PHP to bitcoin cash, bitcoin, or ethereum at CX.

  1. Select a trading pair (check upper left of the CX page).
    1. For this article, we will use bitcoin cash to PHP (BCHPHP)
  2. Fill in your order entry (left side of the CX page).
    1. You can either use “market order”, “limit”, or “stop” type of orders. More details as we proceed with this article.
  3. Choose between “buy” or “sell”.
  4. Fill in the amount.
  5. Click “Place Order”

Wait, Order entry? Market order? Stop? Limit?

There are atleast 3 different ways to trade crypto on CX. You can use “market order”, “limit order”, or “stop order”

What is Market Order?

If you buy crypto using market order, it will be executed depending on the current market price. This is like buying bitcoin cash or bitcoin at Coins.ph. The user does not specify the target price per bitcoin cash. The trade is executed immediately based on the current market price.

How to buy crypto at CX using market order entry?

  1. Select a trading pair. (We’ll use BCHPHP).
  2. Click “market” below the order entry (left side of CX page).
  3. Click “buy”.
  4. Click “BCH” (if we’re trading bitcoin cash).
  5. Specify the amount of BCH you want to buy.
  6. Click “Place Order”.
  7. Your trade should automatically be executed.

What is a Limit Order?

  • If you buy at limit order, you put the price you want to buy the crypto with. The trade will execute once there is a match.
  • If you sell at a limit order, you put the price you want to sell the crypto with. The trade will execute once there is a match.

By buying at “limit order”, you will get your desired crypto at the value you wish to buy it for. The same is true when selling at “limit order”. Remember that the trade will only execute if there is a match to the price you specify. (This means, if you wish to buy 1 BTC for Php 300,000 and the current price is Php 400,000, the trade will only execute once the CX platform finds a user who is willing to sell his 1 BTC for Php 300,000).

How to buy crypto at CX using limit order entry?

  1. Select a trading pair. (We’ll use BCHPHP).
  2. Click “limit” below the order entry (left side of CX page).
  3. Click “buy”.
  4. Click “BCH” (if we’re trading bitcoin cash).
  5. Specify the amount of BCH you want to buy.
  6. Specify your price per BCH (the amount of pesos you are willing to buy per BCH).
  7. CX will show your order total.
  8. Your trade will be executed once there is a match.

What is a Stop Order?

Now, a Stop Order is used normally when you already profited from an earlier trade. For example, you bought 1 BTC for Php 300,000 and currently, the market price is Php 500,000. Now, you don’t know if BTC will continue to go up in value or not. So what you should do is place a “Stop Order” at Php 450,000 so that just in case BTC starts to go down, you are able to protect majority of your profits. If you place a “Stop Order” at Php 450,000, your trade will execute once BTC falls down to the price. (Of course, you may decide to put a stop order at Php 470,000, it’s up to you).

How to sell crypto using “stop order” at CX?

  1. Select a trading pair. (We’ll use BTCPHP).
  2. Click “Stop” below the order entry (left side of CX page).
  3. Click “Sell”.
  4. Click “BTC”.
  5. Specify the amount of BTC you want to sell.
  6. Specify your “stop price” per BTC (the amount of pesos you are willing to sell per BTC that you have).
  7. CX will show your order total.
  8. Your trade will be executed once BTC falls down to the price you specified.

And that’s it. Once you have your BTC or BCH, you can either wait for its value to go up before selling or keep it (hodl).

How to Cash Out CX?

Whatever you have in CX, be it BTC, ETH, or PHP, you can cash it out to your Coins.ph wallet.

  1. Click Cash Out (upper left of the page).
  2. Click BTC, ETH, or PHP (other cash out options should be available soon).
    1. For this exercise, let’s cash out BTC.
  3. After clicking BTC, specify the amount of BTC you want to transfer.
  4. Click “Transfer to Coins.ph”.
  5. Click the confirmation notice that is sent to your email address.
    1. The BTC should get transferred to Coins.ph once you confirm the email.

Alternative Way of Funding Your CX Account

You can also fund (cash in) your CX Account via Union Bank deposit.

  1. Click the menu icon on the upper right side of CX (the icon beside your email address).
  2. Select “Cash In”.
  3. Select “PHP”.
  4. Select Union Bank or Union Bank online transfer.
  5. Proceed with the next instructions.

You can also cash out directly via transferring your PHP from CX to Union Bank. You can check this out by clicking the menu icon and selecting “cash out”.

Why is the Price of BTC in Coins.ph Different from CX?

CX’s rate depends on the traders who are also trading in the platform.

Should I Use CX over Coins.ph or Bitbit?

This depends on your intention. If you just wish to buy crypto with the intention of holding it over time, or if you wish to buy crypto with the intention of using it to buy mobile load and bills, then you are good with using Coins.ph’ instant conversion.

However, if you wish to buy or sell crypto at a specific price, the CX is for you.

Should I Use CX over Bitbit?

Bitbit has a similar function as Coins.ph minus the integration to CX (because Bitbit is from a different company – SCI Ventures), so the answer to this depends on your answer to the previous question.

Should I Use CX over Bittrex, Binance, or Poloniex?

Bittrex, Binance, Poloniex, Cryptopia, etc are foreign cryptocurrency exchanges. They have the advantage of having a very large volume and different altcoins to buy. However, there are a lot of steps involved. In each step, there’s a corresponding fee. If you plan to buy an altcoin, check first if they are available at a local crypto exchange before considering the foreign ones.

What else do I need to know?

For other questions, or you have an issue, check out:

CX Site at https://cx.coins.asia
Support at https://intercom.help/cxsupport

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  • Invest in bitcoins (or in any altcoins) only the amount you can afford to lose!
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  • Before investing in any cryptocurrency, check the people behind it, its mission, and other details to ensure that they are worth investing for. Don’t invest in something you don’t know.
  • This article is for informational purposes only and does not constitute an investment advice. Your actions are solely your own responsibility. There is no substitute for doing your own research. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.



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