Bitcoin provides a great way to receive payments from other people (e.g. clients and customers abroad) because it allows you to get paid and cash out into pesos immediately, without having to go through any complicated signup processes or paying excessive fees.
Here's what to do:
1) Give your wallet address
Once you give your wallet address to the person who wants to send you Bitcoin, that person can then make a wallet-to-wallet bitcoin transfer directly from their own wallet, into yours.
Don't have a wallet yet?
Easy! Every coins.ph account comes with its own wallet address. Just sign up for an account and you'll be ready to receive Bitcoin right away.
Not sure where to find your wallet address?
On your main wallet screen, choose your bitcoin wallet, and then click the address icon to see your bitcoin wallet address.
2) Receive your bitcoin
To confirm that you've received the bitcoin, just check the transaction history of your wallet account! Your transaction history is on your main wallet screen on web. On Android and iOS, you can find your transaction history by tapping the History icon on the main screen.
3) Use your bitcoin!
After you've received your Bitcoin payment, you can do one or all of the following:
- Turn your Bitcoin into cash by placing a sell order
- Send your Bitcoin to someone else
- Use your Bitcoin to buy load, pay bills, or buy game credits- all with Coins.ph!