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{{#seo:
|title=Coins.ph – Wallet and Exchange from Philippines Review – zaoniao Wiki
|keywords=coins.ph, coins, phillipines, review, wallet, login, app
|description=Coins.ph is an exchange platform from the Philippines. The project has a service of digital Coins.ph wallet, called «Cashier». Review of the project, account login, exchange and app on Bitcoin Wiki website.
}}

[[File:coinsph.png|500px|right|Coins.ph logo]]
'''Coins.ph''' is a financial services platform founded in 2014 by Silicon Valley entrepreneurs Ron Hose and Runar Petursson in Metro Manila, Philippines. Coins.ph accept [[Bitcoin]] payments online, from anyone, anywhere- including who don't have access to credit cards or bank accounts. Webiste enable all Filipinos (including 95 million unbanked individuals) to easily and safely buy and sell Bitcoin. It takes as a mission to improve lives of millions through Bitcoin technology.

As a service running on [[blockchain]] technology, Coins.ph uses digital currency as a low cost gateway to banking, extending the reach of financial institutions beyond their existing branch infrastructure to the 300+ million who are unbanked in the Philippines and the rest of Southeast Asia. In May 2017, Coins.ph raised $5 million in series A extension led by Naspers Ventures.<ref>[https://techcrunch.com/2017/05/24/naspers-coins-ph-unbanked-bitcoin-fintech/ Naspers pours $5M into Coins, a fintech startup for Southeast Asia’s unbanked population]</ref>

==Coins.ph Review==
{{#ev:youtube|jy9UAJmRSrY|500|right|Coins.ph Review – Wallet, Exchange, Fees}}
Philippine startup Coins.ph offers its customers transfer cash without using a Bank. The new service of this [[Digital wallet|e-wallet]], called "Cashier" (Teller), turns the owner of the smartphone into an ATM, allowing you to put cash on the account of the wallet. Bitcoin is used as a currency within the service.

Of course, the novelty of this method makes you wonder — how safe it is, because in fact the client gives his money to a stranger. However, Coins.ph says that initially the functionality of the "cashiers" were tested in combination with a number of trusted partners — exchange offices and retail outlets already familiar with cash. These partners are checked to be "cashiers" and training. In the future, this platform technology will be available in any store where the Coins team.ph will check and train personnel. A sufficient level of [[security]] also allows you to maintain a two-way rating system, which allows the "cashier" and the client to evaluate each other after the transaction.

The Philippines one of the largest recipient for remittances in Asia and it was estimated that, in 2010, migrants sent around $21.3bn back to the country.

A large portion of these funds are going to people who do not have bank accounts and thus have to collect money in person at retail locations like Western Union, consequently paying an average of 9% in fees. "The reason they pay this 9%," explained Hose, "is because they don't have a bank account and likely will never have a bank account because they do not have enough savings. Banks have a cost structure (location, tellers, rent) and if you do not have sufficient savings on the first day when you open an account, the bank is already losing money." Hose believes that bitcoin's ability to harness the power of mobile devices, however, will set it apart.

===Team===
==== Ron Hose ====
Prior to coins.ph, Ron was a founding partner at Innovation Endeavors, an early stage venture capital fund backed by Eric Schmidt. Ron was also the co-founder of TokBox (acquired by Telefonica), a consumer video conferencing company. TokBox was backed by Sequoia Capital, Bain Capital, Stanford University and some of Silicon Valleys best-known angel investors. Ron holds a Bachelors and Masters degree from Cornell University, where he graduated at the top of his class. Ron is also an active investor and adviser to several Silicon Valley startups<ref>[https://cointelegraph.com/tags/coins.ph CoinTelegraph - Coins.ph]</ref>.

==== Runar Petursson ====
Runar has been building scalable production web applications for over 15 years. He has also built High Frequency [[trade|Trading]] platforms, with extensive experience in high volume, low latency systems. He started trading Bitcoin in 2011 and looks forward to the day he can quit carrying cash around.

==Coin.ph Trading==
[[File:coinphWallets_7.png|400px|right|thumb|Coins.ph interface]]

===Buy Bitcoin===
==== Philippine Pesos (PHP)====
The website offers different ways to pay the money in [[exchange]] of your received Bitcoins:

====Cash deposit====
Log in to your Coins.ph account and then tap Cash In.
* BPI - Cash deposit in any BPI office (Bank of the Philippines Islands)
* BDO - Cash deposit in any BDO office (Banco De Oro)
* BPI Express Online - Transfer funds Online

====Mobile money====
* Gcash - Cash transfer using mobile phone with a Globe number

===Sell Bitcoin===
==== Philippine Pesos (PHP)====
Coins.ph offers differents ways to send the money:

====Bank====
* BPI (No fee)
* BPI Family (No fee)
* BDO (No fee)
* China Bank (No fee)
* CITI Bank (No fee)
* EastWest (No fee)
* MayBank (No fee)
* MetroBank (PHP 50)
* Planters Bank (No fee)
* PNB (No fee)
* RCBC (No fee)
* Standard Chartered (No fee)
* Union Bank (No fee)

====Cash pickup====
* Cebuana Lhuillier Pera Padala (PHP 30)
* LBC Peso Padala (PHP 30)<ref>[https://www.coindesk.com/coins-phs-ron-hose-talks-opportunity-bitcoin-philippines/ Coins.ph CEO Talks Opportunity for Bitcoin in the Philippines]</ref>

====Mobile money====
*Globe GCash (PHP 10)

===Coins.ph Fees and Rates===
The rates are based on the current BTC/USD market rate.

=== SEA Market Snapshot ===
* Population: 610 Million
* GDP: 2.1 Trilion (equivalent to Russia)
* Credit Card Penetration: under 5%
Low credit card penetration is cited as the number one obstacle to e-commerce growth is Asia. The majority of sales are completed COD (cash-on-delivery) or with OTC (over the counter) payments, both of which have high customer drop-off rates.

== Coins.ph – News ==
{| class="wikitable"
|-
! Date of publication !! News outlet !! Author !! Title/link !! Summary
|-
| <center>5 March 2014</center> || <center>Tech in Asia</center> || <center>Phoebe Magdirila</center> || <center>[http://www.techinasia.com/ron-hose-bitcoin-great-unbanked-people-philippines/ Ron Hose: Bitcoin is great for all the 'unbanked' people in the Philippines]</center> || <center>Ron Hose on Bitcoin as a solution to low banking and credit card penetration in the Philippines</center>
|-
| <center>19 March 2014</center> || <center>e27</center> || <center>Terence Ng</center> || <center>[http://e27.co/now-you-can-use-bitcoins-to-shop-at-metrodeal-and-cashcashpinoy/ Now you can use Bitcoins to shop at MetroDeal and CashCashPinoy]</center> || <center>MetroDeal and CashCashPinoy to accept Bitcoin through coins.ph payment gateway</center>
|-
| <center>20 March 2014</center> || <center>CoinDesk</center> || <center>Pete Rizzo</center> || <center>[http://www.coindesk.com/asia-bitcoin-payment-launch-major-filipino-merchants/ Bitcoin Payments Startup Coins.ph Launches with Two Major Filipino Merchants]</center> || <center>MetroDeal and CashCashPinoy to accept Bitcoin through coins.ph payment gateway</center>
|-
| <center>20 March 2014</center> || <center>Yahoo! Finance (Singapore)</center> || <center>Phoebe Magdirila</center> || <center>[https://sg.finance.yahoo.com/news/metrodeal-cashcashpinoy-accept-bitcoin-payments-113846274.html 2 Philippine daily deal sites to accept Bitcoin payments via Coins.ph]</center> || <center>MetroDeal and CashCashPinoy announcement (via TechinAsia)</center>
|-
| <center>20 March 2014</center> || <center>CryptoCoinsNews</center> || <center>Drew Cordell</center> || <center>[http://www.cryptocoinsnews.com/news/coins-ph-partners-metrodeal-cashcashpinoy/2014/03/20 Coins.ph partners with MetroDeal and CashCashPinoy]</center> || <center>MetroDeal and CashCashPinoy announcement</center>
|-
| <center>2 April 2014</center> || <center>Money & Tech</center> || <center>Perianne Boring</center> || <center>[http://moneyandtech.com/ron-hose-coinsummit/?lang=fr Ron Hose of Coins.ph @ CoinSummit (Video)]</center> || <center>Ron Hose interviewed at CoinSummit</center>
|-
| <center>N/A</center> || <center>Smart DevNet Blog</center> || <center>Paul Pajo</center> || <center>[https://developer.smart.com.ph/blog/hackathon-report-first-bitcoin-hackathon-asia Hackathon Report: The first Bitcoin Hackathon in Asia]</center> || <center>Recap of the hackathon</center>
|}

==See Also==
* [[Selling bitcoins]]
* [[Buying bitcoins]]
* [[Mining]]
* [[BitGo]]
* [[Bitcoin Market]]

==External links==
* [http://coins.ph Coins.ph website]
* [https://www.facebook.com/coinsph Coins.ph Facebook]
* [https://twitter.com/coinsph Coins.ph Twitter]
* [https://www.reddit.com/domain/coins.ph/ Coins.ph Reddit]

==References==
<references />

[[de: Coins.ph]]

Coins.ph - Revision history

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