Coins.ph review

Coins.ph combines a Philippine peso wallet experience with cryptocurrency purchases and spot trading. Its local payments functionality gives it a different role from an exchange focused only on international crypto markets. The service is most relevant to customers who want to move between pesos and supported digital assets through a locally oriented account. Its conversion feature and spot order book should be compared separately because their price presentation differs.

At a glance

• Founded: 2014.
• Headquarters: Taguig, Metro Manila, Philippines.
• Regulation and licences: Betur Inc. holds Philippine central bank virtual asset service provider permission; DCPay Philippines Inc. provides separately licensed electronic money services.
• KYC requirement: Identity verification is required for ordinary fiat and crypto account services.
• Supported countries: Focused on eligible Philippine customers, with documented requirements for foreign applicants.
• Number of cryptocurrencies: More than 170 advertised cryptocurrencies.
• Fiat deposits: Philippine peso bank, electronic wallet and supported cash funding routes.
• Mobile app: Local wallet services, crypto conversion and trading access available on mobile.

Sign up and KYC process

Coins.ph asks customers to submit an accepted identity document and complete facial verification. Further checks apply when the account or requested limits require additional information. The identity process is connected to both the wallet's fiat functionality and the cryptocurrency service, rather than being an optional step reserved only for very large traders.

Foreign applicants have specific documentation requirements, including the relevant passport and alien registration evidence. Documents may need the accepted language or accompanying translation. This route should not be described as unrestricted international onboarding, because the local account requirements still determine eligibility.

The group identifies separate regulated entities for virtual asset and electronic money activities. Betur Inc.'s crypto permission and DCPay Philippines Inc.'s electronic money licence concern different services. This distinction helps explain why a peso wallet function and a crypto transaction can sit in one application while having different legal and operational arrangements.

Fees

Coins.ph published lower spot trading fees effective August 8, 2025. The entry tier is 0.10% maker and 0.15% taker, with further tiers based on qualifying recent trading volume. Those rates describe spot order book execution, not every conversion or wallet transaction in the application.

The conversion service may advertise no separate trading fee, but the quoted conversion rate still determines how much of the destination asset is received. A zero separately itemised fee should therefore not be interpreted as a guarantee that the quote matches an external market price exactly. Spot and conversion are different ways to execute the transaction.

Supported assets and features

Coins.ph advertises more than 170 cryptocurrencies. Its local wallet features include bill payments and mobile related services alongside crypto access. That combination can be useful to a Philippine customer who wants the account to serve a practical peso payment role as well as an investment or trading function.

Spot trading gives users an order book alternative to a direct conversion quote. The choice depends on whether the customer values immediate simplicity or greater control over the order price. The published maker and taker distinction becomes relevant only when the transaction actually uses the spot market.

The local Coins.ph service should also be kept separate from other international products carrying related branding. A global catalogue or overseas promotion does not establish the features of a Philippine account. The peso routes, local terms and available withdrawal networks provide the more useful basis for comparison.

Security

Coins.ph documents additional account authentication and a Security Lock feature. The lock is intended to help a customer restrict account access when they suspect a problem. Its reactivation process includes identity related checks, such as facial verification and additional authentication, rather than relying only on an ordinary password reset.

That feature is particularly relevant to a mobile wallet used for both payments and crypto activity. A compromised device or account can affect more than a single trading balance. The separate electronic money and virtual asset permissions should nevertheless not be described as blanket insurance covering every possible loss across all account functions.

Pros

• Philippine peso funding and local payment functions alongside cryptocurrency access.
• A spot market alternative to direct conversion quotes.
• Separate regulated service entities and a documented account Security Lock.

Cons

• Local eligibility and documentation limit its usefulness as a universal international account.
• A conversion with no separate fee can still differ from the spot market price.
• Funding and cash out costs depend on the particular local route used.

Verdict

Coins.ph is most relevant to an eligible Philippine customer who values the connection between local payments and cryptocurrency. Its spot trading service provides a useful alternative to simple conversion, but the two should be compared on their own pricing terms. The deciding factors are the actual peso funding route, desired asset and intended way of moving money out of the account.