When you first log in via the Coins.ph website, you'll see your Peso Wallet balance on the left-hand side of the screen:
Bitcoin Wallet vs. the Peso Wallet
Just like your Bitcoin Wallet, your Peso Wallet:
- also has a wallet address
- also holds a balance
- can also receive Bitcoin from any other Bitcoin wallet or platform
Click the QR Code icon to view your Peso Wallet address:
The primary difference is that all the Bitcoin you send to your Peso Wallet are tied to a specific Peso value, using the Coins.ph sell rate at the time of the transaction.
What can the Peso Wallet do for me?
If you regularly receive funds through Bitcoin -- for example, you are a freelancer or offshore employee receiving your professional fees/salary in Bitcoin, or your family member abroad is sending funds home to you in Bitcoin -- you can ask the sender to send to your Peso Wallet address instead of to your Bitcoin Wallet address. This way, you do not run the risk of having less cash due to fluctuations in the exchange rate.
Converting between Peso and Bitcoin
Convert between Peso and Bitcoin by clicking the Convert button on the main wallet screen.
When converting from Bitcoin to PHP and vice versa, please be mindful of the conversion rate:
When you convert from your Bitcoin Wallet to your Peso Wallet, our system uses the current sell price.
When you convert from your Peso Wallet to your Bitcoin Wallet, our system uses the current buy price.
