Send and receive from anywhere in the world using just your Universal Money Address (UMA)!
Your UMA (e.g. $Juan2646@coins.ph) allows you to transfer BTC 24/7 in near real-time. Just using this address, you can already transact cryptocurrency with your Coins.ph wallet.
UMA uses the Bitcoin Lightning Network for real-time, low-cost payments with other wallets that use these human-readable addresses.
To receive funds using UMA
1. Log in to your Coins account. Then, click ‘Portfolio’.
2. Under Balances, tap on the Options next to your BTC wallet. Then choose "Deposit BTC."
3. Select the network. For UMAs transactions, pick Bitcoin Lightning.
4. From here, you can now select Deposit via UMA.
5. You can now view your UMA! Click Copy UMA below to copy your personal address, or Copy Invitation Link to send to your friends so they can create their UMA as well.
To send funds using UMA
1. Log in to your Coins account. Then, click ‘Portfolio’.
2. Under Balances, tap on the Options next to your BTC wallet. Then choose "Send BTC."
3. Select the network. For UMAs transactions, pick Bitcoin Lightning.
4. Provide the UMA address of your recipient, then click Next.
Note: The Next button will be available if the UMA address is valid. Kindly double- check your inputted address if errors are encountered.
5. Input the amount of your transfer. You can choose the currency your recipient will receive, but please note it would still be transferred with BTC. Kindly ensure you have enough BTC balance to proceed.
5. Kindly comply with the confirmations. Please ensure to double- check the details of your transaction.
6. Kindly input all the required verification codes under Security Check.
Note: Once all required verification codes are provided, the Confirm button will turn blue. If unable to receive, you may click the Need help? button below, and check our Help Center article here for more help.
7. And you're done! Wait for the TXID generated which will serve as your proof of payment!
If you have concerns or questions, you may contact us through the Coins app or Coins Support Form.