Navigating the world of cryptocurrency can be daunting for beginners. However, with platforms like Coins.ph, sending crypto and cashing out your funds has become more accessible than ever.
Sending Cryptocurrency from your Coins account
Sending cryptocurrency from your Coins.ph account is straightforward. Whether you’re transferring to another Coins.ph user or an external wallet, follow these steps:
Where to Send from Coins.ph
- To an External Wallet: Use either the relevant wallet address (e.g., BTC address for Bitcoin, ETH address for Ethereum) or a QR code.
- To Another Coins.ph Account: Input the recipient's registered email address or mobile number.
Steps to Send Cryptocurrency
Using the Coins.ph App
1. Access the Send Function
- Open the Coins.ph app.
- Go to the Portfolio tab.
- Tap the Withdraw button and select Send Crypto.
2. Choose Destination:
- For another Coins.ph account, select ‘Send to Coins Account’ and enter the recipient's email or mobile number.
- For an external wallet, select ‘Send to external wallet’, choose the network, and input the amount. You can also scan a QR code or paste a wallet address.
3. Enter Transfer Details:
- Select the cryptocurrency.
- Choose the network (for external transfers).
- Input the amount and recipient details.
4. Verify and Confirm:
- Review all details carefully.
- Confirm the transaction and save the transaction hash for your records.
Using the Coins Website
1. Log In and Navigate to Portfolio:
- Access your account via a web browser.
- Click on the Portfolio tab and select your cryptocurrency.
2. Initiate Transfer:
- On you selected cryptocurrency, click on the three dots menu and choose the Send option.
- Select your destination type (Coins Account or external wallet).
3. Complete Transaction:
- Enter recipient details, input the amount, verify network compatibility (if sending externally), and confirm the transfer.
Important Considerations
- Transactions are irreversible once confirmed; double-check all details before sending.
- Transfers between Coins.ph accounts are processed immediately, while external transfers depend on blockchain confirmations.
Sending PHP from your Coins account
Cashing out allows you to send peso funds to an e-wallet or bank account. Here’s how you can do it:
Using the Coins.ph App
1. Open Portfolio:
Launch the app and navigate to the Portfolio tab.
2. Click on Withdraw:
Tap on Withdraw to start the cash-out process.
3. Select Cash Out Method:
Choose from available options such as e-wallets, banks, or remittance centers.
4. Set Delivery Time and Amount:
Enter your desired amount and any necessary details (e.g., account holder name).
Using the Coins.ph Website
1. Log In and Open Portfolio:
Access your account through a web browser and click on Portfolio.
2. Select PHP Wallet:
Click on your PHP wallet under balances.
3. Initiate Cash Out:
Press the Cash Out button located at the upper right corner of your screen.
4. Choose Cash Out Option:
Select from various methods available, inputting the amount you wish to withdraw.
Important Considerations
- Check associated fees for each method
- Verify account verification status
- Select appropriate delivery time
- Maintain accurate account information
Frequently Asked Questions
Can I cancel a transaction once it's confirmed?
No, transactions are irreversible once confirmed. Always verify details before sending.