Ready to start your crypto trading journey? Learn everything you need to know about trading cryptocurrencies on Coins.ph, from basic conversions to advanced trading strategies.
Getting Started with Coins.ph
Before you can start trading, ensure that your Coins.ph account is verified. Once verified, you can explore two primary trading options: Convert (Quick Buy & Sell) for simple transactions and Spot Trade for more advanced trading strategies.
Buy/Sell Crypto Using Coins Convert
To buy or sell cryptocurrencies using Coins Convert, follow these simple steps:
1. Access Buy/ Sell:Open your Coins.ph account and click on the Buy/Sell button.
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On the Coins App |
On the Coins Website |
2. Select Your Transaction Type: Choose the tab from the following options:
- Buy
- Sell
- Convert
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BUY |
SELL |
CONVERT |
FOR BUY and SELL
3. Input Amount: Enter the amount you'd like to Buy (from your PHP balance) or Sell (from your available crypto balance), then click Buy/Sell below.
4. Check Conversion Rate: A conversion rate at the time of transact is provided above the Confirm button. If satisfactory, click Confirm and your cryptocurrency are instantly converted to/from your PHP balance.
FOR CONVERT
3. Select Cryptocurrencies: On the Convert tab, select the cryptocurrency you'd like to convert and to receive from the available options.
4. Confirm Transaction: Review the conversion rate provided and click Confirm if it meets your expectations.
Spot Trading on Coins.ph
For users looking for more advanced trading options, Coins.ph offers a Spot Trade feature where you can trade various cryptocurrency pairs.
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On the Coins App |
On the Coins Website |
1. Select your preferred trading pair located on the left side of the screen.
2. Choose your preferred order type.
3. Enter your Buy or Sell amount.
- For Limit and Stop orders, you will be asked to input additional information.
4. Click Buy or Sell.
Trade Order Types
In addition to this, please know that we also have different order types which you may utilize during your trades:
Limit Order
- Place on the order book with a specific limit price
- Executed only if the market price reaches your limit price (or better)
Market Order
- Immediately buy or sell at the best available price
Stop-Limit Order
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Combines two elements:
- Stop Price: Triggers the order execution
- Limit Price: Final amount at which your order will be executed
Stop-Market Order
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Combines two elements:
- Stop Price: Triggers the order execution
- Market/Limit Price: Final amount at which your order will be executed
Coins.ph stands out as a regulated platform by the Bangko Sentral ng Pilipinas (BSP), ensuring a secure trading environment for users. Additionally, its integration with various payment methods makes it easier for users to fund their accounts and trade seamlessly.
Frequently Asked Questions
What cryptocurrencies can I trade on Coins.ph?
Coins.ph supports a variety of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and many others.
Are there any fees associated with trading?
Yes, Coins.ph has competitive fees for trading, which vary depending on the type of transaction you are executing.