Fully regulated by the Banko Sentral ng Pilipinas, Coins.ph offers low-fee trading through its Coins Pro platform, allowing users to trade directly in Philippine Pesos (PHP).
What is Coins.ph?
Established in 2014, Coins.ph has emerged as a prominent crypto exchange and wallet based in the Philippines, boasting an impressive user base of over 16 million individuals.
Overview
Coins.ph, fully regulated by the Banko Sentral ng Pilipinas, serves as a comprehensive platform offering a multitude of financial services. Its mobile app facilitates the seamless buying and selling of various cryptocurrencies, along with providing access to diverse financial functionalities like bill payments and grocery purchases.
Licensing Achievements
Coins.ph takes pride in being the first crypto-based company in Asia to secure both Virtual Currency and Electronic Money Issuer licenses from the central bank. These regulatory endorsements underscore Coins.ph's commitment to compliance and user security.
Coins Pro Relaunch
In a recent development, Coins.ph has reintroduced Coins Pro, a digital currency exchange product accessible to all Coins.ph users.
Trading Features
Coins Pro empowers users to directly trade cryptocurrencies using PHP (Philippine Peso) at minimal fees. The platform supports market, limit, and stop-limit orders, enhancing the trading experience for users.
Cryptocurrency Pairs
With 21 different crypto to fiat pairs, Coins Pro offers a diverse array of options for users to engage in cryptocurrency trading.
Advanced Licensing
Coins Pro has been granted the advanced Electronic Payment and Financial Services license by the Banko Sentral ng Pilipinas. This elevated license not only ensures heightened transparency but also incorporates safeguards, paving the way for significant upgrades in the platform's future capabilities.
Conclusion
Coins.ph continues to solidify its position in the crypto landscape, bridging the gap between traditional finance and digital assets. With its regulatory compliance, innovative services, and user-friendly interface, Coins.ph stands as a pioneering force in the Philippines' crypto industry.
Does Coins.ph offer leverage trading?
Coincheck does not currently offer margin trading or leverage options.
Is Coins.ph safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
