Coins.ph is a leading cryptocurrency exchange in the Philippines, offering a blend of crypto trading and traditional financial services. This review explores its strengths, weaknesses, fees, security, and user experience to help you decide if it’s the right platform for your needs.
Quick Overview of Coins.ph
| Feature | Details |
|---|---|
| Type | Centralized Exchange (CEX) |
| Launch Year | 2014 |
| Headquarters | Pasig, Philippines |
| Regulation | Bangko Sentral ng Pilipinas (BSP) |
| Supported Cryptos | Bitcoin, Ethereum, Dogecoin, and 90+ others |
| Trading Fees | 0.25% (maker) / 0.30% (taker) |
| Fiat Support | PHP only |
| Security | SSL encryption, 2FA, AES-256 |
Pros and Cons
✔️ Pros
- BSP-regulated for compliance and trust.
- Multi-chain deposits for flexible transactions.
- User-friendly mobile and web apps.
- Broad payment options: bank transfers, e-wallets, remittance centers.
❌ Cons
- Limited advanced trading (no margin/futures).
- Higher fees than global competitors like Binance.
- Regional restrictions (unavailable in the US, UK, China).
Key Features
1. Trading Experience
- Coins Pro: Simplified interface for market/limit orders.
- Basic order types: Stop-loss, limit, and instant buy/sell.
2. Security Measures
- Two-factor authentication (2FA) mandatory.
- AES-256 encryption for data protection.
- Past breach: $6M XRP stolen in 2023 (resolved with improved protocols).
3. Fees Breakdown
| Transaction | Fee |
|---|---|
| Crypto Deposits | Free |
| PHP Withdrawals | 1.6% (Remittance Center) / ₱10 (InstaPay) |
| Trading | 0.25%–0.30% |
👉 Compare fees with other exchanges
Alternatives to Coins.ph
| Exchange | Best For | Trading Fees | Fiat Support |
|---|---|---|---|
| Binance | Advanced traders | 0.10% | USD, EUR, PHP |
| Bybit | Futures trading | 0.10% | Multiple currencies |
| Kraken | Security-focused | 0%–0.40% | USD, EUR, JPY |
FAQs
1. Is Coins.ph safe?
Yes—it’s BSP-regulated and uses 2FA + encryption.
2. Can I use Coins.ph in the US?
No, it’s restricted in the US, UK, and China.
3. What are the withdrawal limits?
- Min: ₱15 (Remittance)
- Max: ₱50,000 per transaction.
👉 Learn how to verify your account
Final Verdict
Coins.ph excels for beginners and Filipino users needing crypto + bill payments in one app. However, advanced traders may prefer lower-fee platforms like Binance or Bybit.
Ideal for: Casual traders, local payments, and crypto newcomers.
Not for: High-volume traders or users outside supported regions.