Topic: coins.ph as Bitcoin wallet - page 2. (Read 2104 times)
There is no need to switch. What you should do is to add more wallet service providers instead of just having one. Coins.ph is very much convenient when it is time for you to convert your Bitcoin to the local currency. You can withdraw your money from coins.ph in minutes. You can look at Abra because I heard some reviews about it.
Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
I'm also using coins.ph , and for me it's a nice a wallet. I haven't try other wallet but I am satisfied woth coins.ph , because I can do my transactions using it, like paying bills, paying the things I bought online and can also cash out anytime. I'll stick to it, cause it's a user friendly wallet and very useful for me.
This company are good with customer services.
I have been to many problems with withdrawing my bitcoin here but it was always resolved in less than a day.
I mean they are really fast when it comes to answering the query and e-mails of their customer.
Vouching for this one and with their different features that are all lovely.
For now, the bad thing would be the amount to withdraw per day which might be a problem in the future if ever bitcoin grows in price at a very high number.
I have been to many problems with withdrawing my bitcoin here but it was always resolved in less than a day.
I mean they are really fast when it comes to answering the query and e-mails of their customer.
Vouching for this one and with their different features that are all lovely.
For now, the bad thing would be the amount to withdraw per day which might be a problem in the future if ever bitcoin grows in price at a very high number.
Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
I'm also using coins.ph , and for me it's a nice a wallet. I haven't try other wallet but I am satisfied woth coins.ph , because I can do my transactions using it, like paying bills, paying the things I bought online and can also cash out anytime. I'll stick to it, cause it's a user friendly wallet and very useful for me. 
Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
You should only use this wallet when you are going to cash out or convert your bitcoin to pesos and withdraw it to your preferred bank, but do not use it as storage to your bitcoin for a long time, it's still better that you have or own the private key of all your wallet
I've been using it for months now and so far nothing bad happens. But I just use it for converting fiat as it so easy to convert here. I didn't store huge amount of coins there as coins.ph is an online wallet.
Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
I suggest you to use other wallets like SPV wallets like electrum and mycellium. I use only coins.ph wallet for cash withdrawals. But if you are only store small amounts. I rather use coins.ph wallet because the fee is not so cheap. I will only cut your money because of the fee. Anyway, coins.ph i think the most trusted local bitcoin wallet in our country. So im confident using it since i have small amounts only.If you are not confident using this wallet then don't use it. But it will be a lot harder how to convert your btc into cash. I Haven't use Abra as alternative to coins.ph. That's our only options as far as i know. If you want to keep your btc for long term. Then use offline wallets or cold wallet to preserve.
I personally use coins.ph wallet and for me it is okay. They are yes strict with things like you have to verify your identity but doing this means you are secured. I actually think of that before if it is okay to have a web wallet as sometime I feel like it is not safe. But the convenience it has given me is so good. I can load my phone, pay my bills, withdraw my cash through atm without having a card. Everything is good and I can even buy bitcoins through this wallet thru banks and convenience stores.
That is an exchange wallet, dont store all your coins there, someday there will be lost and you dont want to be included in that.
Do you have control of your private keys? If not do not use it.
I'm ok with blockchain
Same goes for blockchain. It is not recommended to use a web wallet mainly blockchain because you don't have control over your coins. You don't hold the private keys to your bitcoin. Use a desktop wallet instead. Like what most of us here recommend on using, I recommend using Electrum. I'm ok with blockchain
Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
Okay, first please move this to web wallets instead of posting this in bitcoin discussions. You can do so by clicking the link in the bottom left corner and selecting service discussions -> web wallet. This isn't the appropriate place to post this sort of inquiry.
Onto your question: No, i do not think that coins.ph is a particularly good choice for wallet.
Reason simply being that they have control over your bitcoins, not you. You don't hold any private keys to your bitcoin. They are trustworthy now, but ultimately if a court order is filed against them then it could potentially mean that your account balance is frozen, or just gone.
It is convenient though, especially if you live in the Phillipines. So I'm not saying don't use it at all, use it for smaller amounts. For storage of larger amounts of bitcoin, use a desktop wallet like Electrum instead.
Do you have control of your private keys? If not do not use it.
I'm ok with blockchain
I'm ok with blockchain
coins.ph is a mobile and a online exchange wallet. It means you can instantly convert your bitcoins into php (vice versa) there are many good features about this wallet you can buy load instantly, pay bills, pay tuition fees, and buy game loads. You can also use bank to withdraw, remittance center, pick ups etc. but the bad thing about this is that it's an online wallet meaning your paraphrase password is stored in their server or they hold your key if a hacker hacks their system they may take your password and may have an access to your account and may take your bitcoin or money. i suggest that don't put a big amount of money here for your safety or if you're just going to withdraw your money instantly use it. but if you want to put a large amount of bitcoin use a hard wallet or a wallet that let you hold your paraphrase password.
I am using coins.ph now but reading the replies here in the thread, I might consider to avoid using it. I doubt when they required to have a government issued identification to have your verification. Well, it is worth a try, isn't? 
Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
coins.ph wallet is one of the best online wallet that i have use. I store all my earnings here in this wallet and i dont face any problem using it. I can buy internet and phone load and buy gadgets through online and also paying my utility bills like phone bills, electricity bills and water bills.
Only use coins.ph wallet if you are going to exchange your bitcoin to peso, otherwise, store your bitcoin in other wallets. You do not have your private keys if you use coins.ph wallet so you really do not have control over your bitcoin.
Electrum is a good wallet and it is lightweight.
I agree. You don't have access to your private keys when you are using an online wallet. Just use coins.ph when you are exchanging your BTC to Php. Don't use it as a wallet. And like what he said, I also recommend using Electrum. Electrum is a good wallet and it is lightweight.
Coins.ph is a good wallet based on my research and a lot of filipinos prefer to use that wallet aside from the international wallet because they can use it to pay bills, buy loads etc. they can also use it to easily cash out their money to remittances or to their bank account which is really awesome for the filipino bitcoin users in the philippines.
Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
Well, I guess coins.ph in my opinion has the same similarity to coinbase, where they are capable to ban their client if you violate there rules. But in terms of usages it is very helpful including myself, I most often used coins.ph for encashing money through remittances, and I agreed that never store a huge of bitcoin on coins.ph its not because I don't trust but for security only. Much good to sotre it in electrum wallet 
Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
You'll hear it from everyone here. Don't use a web wallet unless you control your private keys. That having been said, this is generally the advice for storing Bitcoin. If you're really just going to exchange your coins, then coins.ph is not a bad place to use.
I do store a small balance on my favourite exchange (LBC), sometimes I even have small balances sent to it until it accumulates enough for me to sell. Why? The main reason is so I can instantly sell it when I need it. With LBC I find a buyer, sell for fiat, and everything is completed under 5 minutes. The secondary reason? I save a little on tx fees. If I were to receive 20 txs and send them off bulk to LBC when I want to sell, it'd be a big chunk of data to pay for.
Coins.ph is the biggest exchange in your country, so if you use it a lot, it would make sense to receive directly into the wallet - if you know you're going to sell.
Hi Guys! I I just want to hear out your thoughts about coins.ph as Bitcoin wallet. I am actually using coins.ph and this is the only Bitcoin wallet I am familiar with. I am wondering if I should switch into a better Bitcoin wallet or coins.ph is a good option already. If not, may you guys suggest other options that may be better or more convenient to use. I know there are a lot of other Bitcoin wallet suggestions and I am willing to try out the others as well. Thank you!
coins ph is a good online storage of bitcoin wallet but do not store high value of bitcoins there because they are so strict if you fail to comply with their terms of service and theres a tendency you will lose your access to your bitcoin funds.
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