Managing your cryptocurrency and Peso balances effectively is crucial for any user of the Coins.ph platform. Learn how to check your wallet balance and how to interpret the information displayed in your app.
What is Total Balance?
Your Total Balance on Coins.ph reflects the combined value of your Philippine Peso (PHP) and any cryptocurrencies you hold. This balance is updated in real-time and can fluctuate based on market conditions and recent transactions.
Key Components of Your Total Balance
- Current Value: The Total Balance shows the current worth of your PHP and cryptocurrency holdings.
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Transaction Impact: Changes in your Total Balance (indicated in green for gains or red for losses) are influenced by transactions made within the last 24 hours, such as:
- PHP cash outs
- Cryptocurrency withdrawals
- Pending Transactions: Your Total Balance may also include amounts from "In Order" transactions, which are pending until processed. Once completed, these amounts will be deducted from your balance.
How to Check Your Wallet Balance
To check your cryptocurrency balances on Coins.ph, follow these steps:
- Open the Coins.ph App: Launch the app on your device.
- Navigate to Portfolio Tab: Click on the Portfolio tab located in the navigation bar.
- View Balances: Here, you can see individual balances for each cryptocurrency as well as your PHP balance.
Factors Affecting Your Wallet Balance
Several factors can cause fluctuations in your wallet balance:
- Cryptocurrency Market Prices: The value of cryptocurrencies can change rapidly due to market dynamics, affecting the Peso equivalent displayed in your Total Balance.
- Pending Transactions: Any transactions that are not yet completed will show as "In Order" and will be reflected in your available balance until processed.
- Transaction Fees: Be aware that converting or withdrawing funds may incur fees that affect your overall balance.
Frequently Asked Questions
What should I do if I notice an unexpected change in my wallet balance?
Check your transaction history for any recent transactions that may explain the change. If you still have concerns, contact Coins.ph support for assistance.
Can I view my transaction history?
Yes, you can view your transaction history by selecting a specific wallet under the Portfolio tab. This will provide details about each transaction.