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'''Coins.ph''' is a [[Bitcoin]]<ref>https://bitcoin.org/en/</ref> exchange platform in the Philippines that believes Bitcoin is for everyone. Founded in 2013, 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.
'''Coins.ph''' is a Philippines-based digital asset exchange and payment platform founded in 2013.<ref>https://manilastandard.net/business/it-telecom/314221309/joffre-capital-finalizes-acquisition-of-coins-ph.html</ref> It allows users to buy, sell, and use [[Bitcoin]]<ref>https://bitcoin.org/en/</ref> and other cryptocurrencies, and also supports cross-border remittances into and out of the Philippines using blockchain  rails. The platform operates as a licensed virtual currency exchange regulated by the Bangko Sentral ng Pilipinas.<ref>https://www.reuters.com/article/us-philippines-coins-idUSKBN19L0D4</ref> It takes as a mission to improve lives of millions through Bitcoin and blockchain technology.


== Coins.ph in the news ==
== Ownership & Leadership ==
In April 2022, Coins.ph was acquired by Joffre Capital.<ref>https://manilastandard.net/business/it-telecom/314221309/joffre-capital-finalizes-acquisition-of-coins-ph.html</ref> Since then, Ding’an Fei has served as Chairman of the platform.<ref>https://www.forbes.com/sites/elizabethmacbride/2023/11/21/using-ai-investingcom-aims-to-be-the-bloomberg-of-retail-investing/</ref> 
As of 2025, Wei Zhou serves as CEO of Coins.ph.<ref>https://consensus-hongkong2025.coindesk.com/agenda/speaker/-wei-zhou</ref>


{| class="wikitable"
== Services ==
|-
Coins.ph provides cryptocurrency services tailored for the Philippines:
! Date of publication !! News outlet !! Author !! Title/link !! Summary
* **Buy Bitcoin in the Philippines** – Users can purchase Bitcoin with local currency through bank transfer, mobile money, or cash-in at convenience stores and pawnshops. 
|-
* **Sell and trade crypto** – The platform supports Bitcoin and other major cryptocurrencies, with instant exchange into pesos.
| <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>
* **Bitcoin wallet** – A custodial wallet allowing users to store, send, and receive BTC.
|-
* **Cross-border remittances** – Blockchain-based remittance rails for Filipinos abroad to send money back home.
| <center>19 March 2014</center> || <center>e27 || <center>Terence Ng || <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>MetroDeal and CashCashPinoy to accept Bitcoin through coins.ph payment gateway
* **Bills and payments** – Coins.ph integrates Bitcoin usage with everyday financial services, allowing users to pay bills, buy mobile load, and transfer money.
|-
| <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>
|}


==Buy Bitcoin==
== Regulation ==
 
Coins.ph is one of the first cryptocurrency exchanges in Southeast Asia licensed by the Bangko Sentral ng Pilipinas (BSP) to operate as a Virtual Currency Exchange (VCE).<ref>https://www.reuters.com/article/us-philippines-coins-idUSKBN19L0D4</ref> The license ensures compliance with Philippine anti-money laundering and consumer protection laws.
=== Philippine Pesos (PHP)===
The website offers different ways to pay the money in exchange of your received Bitcoins:
 
====Cash deposit====
* 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)
 
====Mobile money====
 
*Globe GCash (PHP 10)
 
==Rate and fees==
 
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.
 
== Ownership and leadership ==
In 2022, Joffre Capital along with Wei Zhou completed its acquisition of Coins.ph, appointing Wei Zhou as Chief Executive Officer and Ding’an Fei as Chairman.<ref>https://www.coins.ph/en-ph/blog/coinsph-acquisition-joffre-capital</ref><ref>https://www.forbes.com/sites/elizabethmacbride/2023/11/21/using-ai-investingcom-aims-to-be-the-bloomberg-of-retail-investing/</ref><ref>{{cite news |title=Coins.ph Integrates Polkadot for Faster Stablecoins Transfers |url=https://fintechnews.ph/67929/crypto/coins-ph-integrates-polkadot-for-faster-stablecoins-transfers/ |work=Fintech News Philippines |date=15 August 2025 |access-date=15 August 2025}}</ref>


== Fees ==
Coins.ph applies transaction fees and spreads on buy/sell crypto trades, along with nominal service fees for bill payments and transfers. Exact rates may vary depending on funding method and crypto asset.


== Founders ==
* Ron Hose (Co-Founder, CEO until 2020) 
* Runar Petursson (Co-Founder, CTO) 


==See Also==
==See Also==
Line 101: Line 40:
* [[Buying bitcoins]]
* [[Buying bitcoins]]


==External Links==
== External links ==
 
* [https://coins.ph Official website]
* [http://coins.ph Coins.ph website]  
* Coins.ph [https://www.facebook.com/coinsph Facebook Page]
* Coins.ph [http://blog.coins.ph/ Blog]


==References==
==References==

Revision as of 11:13, 16 August 2025

coins.ph
Founded2013

Coins.ph is a Philippines-based digital asset exchange and payment platform founded in 2013.[1] It allows users to buy, sell, and use Bitcoin[2] and other cryptocurrencies, and also supports cross-border remittances into and out of the Philippines using blockchain rails. The platform operates as a licensed virtual currency exchange regulated by the Bangko Sentral ng Pilipinas.[3] It takes as a mission to improve lives of millions through Bitcoin and blockchain technology.

Ownership & Leadership

In April 2022, Coins.ph was acquired by Joffre Capital.[4] Since then, Ding’an Fei has served as Chairman of the platform.[5] As of 2025, Wei Zhou serves as CEO of Coins.ph.[6]

Services

Coins.ph provides cryptocurrency services tailored for the Philippines:

  • **Buy Bitcoin in the Philippines** – Users can purchase Bitcoin with local currency through bank transfer, mobile money, or cash-in at convenience stores and pawnshops.
  • **Sell and trade crypto** – The platform supports Bitcoin and other major cryptocurrencies, with instant exchange into pesos.
  • **Bitcoin wallet** – A custodial wallet allowing users to store, send, and receive BTC.
  • **Cross-border remittances** – Blockchain-based remittance rails for Filipinos abroad to send money back home.
  • **Bills and payments** – Coins.ph integrates Bitcoin usage with everyday financial services, allowing users to pay bills, buy mobile load, and transfer money.

Regulation

Coins.ph is one of the first cryptocurrency exchanges in Southeast Asia licensed by the Bangko Sentral ng Pilipinas (BSP) to operate as a Virtual Currency Exchange (VCE).[7] The license ensures compliance with Philippine anti-money laundering and consumer protection laws.

Fees

Coins.ph applies transaction fees and spreads on buy/sell crypto trades, along with nominal service fees for bill payments and transfers. Exact rates may vary depending on funding method and crypto asset.

Founders

  • Ron Hose (Co-Founder, CEO until 2020)
  • Runar Petursson (Co-Founder, CTO)

See Also

External links

References

  1. ↑ https://manilastandard.net/business/it-telecom/314221309/joffre-capital-finalizes-acquisition-of-coins-ph.html
  2. ↑ https://bitcoin.org/en/
  3. ↑ https://www.reuters.com/article/us-philippines-coins-idUSKBN19L0D4
  4. ↑ https://manilastandard.net/business/it-telecom/314221309/joffre-capital-finalizes-acquisition-of-coins-ph.html
  5. ↑ https://www.forbes.com/sites/elizabethmacbride/2023/11/21/using-ai-investingcom-aims-to-be-the-bloomberg-of-retail-investing/
  6. ↑ https://consensus-hongkong2025.coindesk.com/agenda/speaker/-wei-zhou
  7. ↑ https://www.reuters.com/article/us-philippines-coins-idUSKBN19L0D4
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