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Bitcoin in the Philippines - Coins.ph

Bitcoin in the Philippines is not yet being accepted as a regulated online currency. Although there are a lot of people who are very interested to know how this currency really works. I've encountered people who are already trading bitcoin in some social media forums like in facebook. Most of them are investing in this unregulated currency. Risky as it may sound but who knows how much you can earn. As they say any form investment has an accompanied risk.

Credits to coindesk.com


In the Philippines, to make thing hassle free for bitcoin conversion coins.ph is offering bitcoin to peso conversion and vice versa. Coins.ph have buy and sell just like in any money changing outlet. Of course selling price is always low and buying means higher price for bitcoin. As per observation of the bitcoin trend, I observed that it started from around Php9000.00 and it's consistently going up, as of writing this article, it is now roughly around Php30,000. Although there are some website showing the trend like in coindesk. But we cannot exactly tell what are the fundamentals in price increase of the bitcoin, compared to stocks where you can study the company's fundamental to predict its behavior.

There are also some gamers, who gain small amount of bitcoin by playing mobile games. You can check this link, they have a list of apps you can choose from. Also bitcoins now is being used to pay online services like making website, mobile development. And oh, it includes gambling as well (devil laugh *wink*).

Coins.ph is accepting external bitcoin payment as well, all you have to do is provide you wallet address and pretty much, it will be received in the form of bitcoin, not yet being converted to peso. You have to manually convert it inside you coins.ph account. You can also add money to your account if you want to play with bitcoin trend.

There you go. So if you wanna try using bitcoins and easily convert it to peso or vice versa. You can use coins.ph.



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